11 lies about the Federal Reserve.... Article which immediately gets DEBUNKED!

If you want the truth on the Federal Reserve and the IRS, listen to this great broadcast by the great patriot William Cooper.

William Cooper The Federal Reserve

reply to post by Cosmic911


Lol!! I forgot the [sarcasm][/sarcasm] tags... Or the

reply to post by Teebs


Yes, the "Money as Debt" video explains the Federal Reserve and Fractional Reserve Banking like no other. Everyone should view that video.

the gold standard is not a panacea

they had major crashes, panics and recessions during the gold standard, and it can lead to a brutal plutocracy

reply to post by TheLegend

Sounds like a lot of Ron Paul people.

Love reading propaganda pieces about Ron Paul. The commentators would shred the lies and BS.

If it werent for the comment sections, I would never bother with the MSM, ever.

Just because it keeps coming up, and since this topic deals with myths and deceit surrounding the Federal Reserve, I thought I'd add what I've said elsewhere, which is:

Unless I'm mistaken, the Federal Reserve charter does not have an expiration date as it did originally. It was amended in 1927 to eliminate any sort of automatic expiration date. It can only be revoked now by an act of congress or proof of legal violations sufficient to constitute forfeiture of franchise.

"Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law."

It appears that the claim that the Federal Reserve charter will "expire" soon (either in December this year, or sometime next year, both of which I've seen) is something of a myth.

Peace.

Originally posted by randomname
how can you end the federal reserve.

the revenge they'll unleash on the global economy and americans would create the longest soup line in the world.

they'll erase the stock market and everything they have influence over.

they'll take everyone out.

Aha, and STAR! The megalomaniac's worst nightmare is having
nobody left around to worship him, and for him to manipulate.
Erase their carefully crafted cash cow? Then, reign over nada... nah.
Look at us arguing over Sock Puppet v. Mittenoid's platforms. We
can't even agree on which kamikaze to put in the driver's seat of the
plummeting Greyhound. For Glob's sake. Dave.....CO2!
The world is irretrievably evil, might as well bust out the Orville's Not So
Special Blend propcorn and get the "I Can't Believe It's Not Axle Grease"
a shimmerin'... Or maybe QE ME, boyos. I'd love to be a thousandaire.
Directly on subject-- I don't care who's given the final responsibility
for 'printing the money' when everybody I've seen in the logical suc-
cession of candidate institutions AFTER the Fed are irresponsible TOO.
T&C forbid my aired feelings on the subject of betting on slaves' gullibility
and future performance. It'd just get plain ugly down here.
Moreover the electronic soup line starts everywhere in the US, we've got food
stamps instead of meal tickets now.
Target talk: Bernanke's response to a full audit the first time; alluding to all
kinds of nebulous yet fearsome crap that would be the inevitable consequence(s)
backed off the Legislatoids. "Pleeease unleash me, ...let me goad." LMAO
May this thread rise to the top faster than Rappaport's indestructible
and fully inflated beach ball of truth from the Marianas Trench !
HEY, and it's 10-11-12. Just wait until thirteen hundred Zulu. I'm no numerologist,
but I predict my pet rocks'll line up and we'll all get so lucky it's sickening. Nah.
I sincerely predict the real October surprise won't surprise anybody around here.Yawn

reply to post by TheBandit795


what a joke.

absolutely terrible journalism..

this writer reminds me of what my grandpa used to say..

"some people are so smart, their stupid."


..they are just bankrupting the bank..

to bring out a different kind of monopoly money..

same game though..

Andrew Jackson would be in Gitmo today..

The coin and cash created is counterfeit because it does not follow the Constitution. No state can coin money that is not made of gold or silver. We did have gold and silver certificates and you could exchange that for its amount in gold or silver. The Federal Reserve are nothing but thieves.

Originally posted by Teebs
we don't want machine automation to replace boring human jobs because we need more consumers to keep the cyclical consumption going

Job losses incurred by automation are offset by the reduced cost of producing goods and services. That is, the employment is no longer required to afford the goods/services produced. It's a net gain.

Originally posted by indigo21

Originally posted by Teebs
we don't want machine automation to replace boring human jobs because we need more consumers to keep the cyclical consumption going

Job losses incurred by automation are offset by the reduced cost of producing goods and services. That is, the employment is no longer required to afford the goods/services produced. It's a net gain.

Incorrect.
Companies do not lower the price of goods when the cost of production goes down, and the people put out of work by automation are no longer able to afford to buy the products produced.

Originally posted by RedmoonMWC

Originally posted by indigo21

Originally posted by Teebs
we don't want machine automation to replace boring human jobs because we need more consumers to keep the cyclical consumption going

Job losses incurred by automation are offset by the reduced cost of producing goods and services. That is, the employment is no longer required to afford the goods/services produced. It's a net gain.

Incorrect.
Companies do not lower the price of goods when the cost of production goes down, and the people put out of work by automation are no longer able to afford to buy the products produced.

And as a result the price of those goods comes down as well otherwise the company goes bankrupt.
This is basic economics. This is how the system SHOULD work.

ETA: To clarify - the system is NOT working like this right now. This is because of the Fed, it's inflationary practies, and all of the other shady policies it has enacted. What I posted above is how capitalism should be working under an Austrian economic model (preferably under the gold standard.)

Check out this video:

Originally posted by indigo21
Job losses incurred by automation are offset by the reduced cost of producing goods and services. That is, the employment is no longer required to afford the goods/services produced. It's a net gain.

I agree with you that it is a 'net gain' (in actual reality, but not in any market-based model of economics), because:
-It frees humans from having to undesirable labor
-It increases the availability of goods

However, if you extrapolate that train of thought out to its logical conclusion, you end up with:
- People with no purchasing power to buy goods, regardless of how inexpensive they are
- Goods that are so abundant, and thus inexpensive, as to be virtually 'free', or not worth putting a price on

THAT is basic market economics - Supply and Demand.

THAT is a fundamental contradiction of capitalism (or of any 'market' system based on 'price'), and Austrian MARKET economic theory does not get around that contradiction (it just pretends it doesn't exist).

So yes, this is a win-win in REALITY, but it's a lose-lose in any MARKET based system because:
Scarcity = Profit

I comprehend the sarcasm but I must say it is much more than just a money laundering racket, it is actually a luciferian extortion racket headed by the world's nobility, the vatican in rome, the financial gurus called the rothschilds and perhaps even has a reptillian connection.

Whe are talking about A PRIVATE central bank which is EXTREMELY DIFFERENT from A PUBLIC central bank.

The major difference is that the luciferian masonic bankers not only get "a minor cut"(whatever the prime rate happens to be) they CONTROL the supply of money thus creating all kinds of turmoil at their whims, such as recessions, depressions, inflation, deflation. There is no good reason why any nation needs 2%-4% annual inflation that I can see: supposedly to stimulate the economy and grow jobs, but if this was indeed the case why not keep the value of money steady and simply invest?

I think the sovereign government should have FULL CONTROL of how much money IS ISSUED(it does not matter who prints it) and charge the commercial banks the prime interest rate, then the commercial banks can tack on their additional rate and lend it to the debtors. The government would raise a lot of money this way and would lower the need for taxation. When we combine this with sound fiscal policy and various protectionist measures such as tariffs, the need for taxation gets lower and lower. Substantially reduce the wars, go after welfare fraud, cut down on the military, give increases to employees(whether unionised or not), more social security funds and perhaps even full medicare and medicaid.

There are EVIL PEOPLE at the top who absolutely know what should be done AND ARE DOING THE EXACT OPPOSITE to crash the world economy in the hope of installing a world government(or at least some form of semi-centralised government) and a world currency(probably out of switzerland). The tension in the middle east is also deliberate it seems and has been for a while. It is not just america, NO EUROPEAN LEADER talks ANY TRUTH whatsoever, which is no coincidence! Obviously they want to depopulate a significant portion of the world's population since they offer constant problems and no solutions.

I dont think america could go back to the gold standard.
as the super rich have most of the gold.
the price of gold is at a high now.
but the super rich could make it drop fast.

New G. Edward Griffin talk from a blog post by libtruth2 on the OP's article

www.zerohedge.com...

reply to post by EarthCitizen07


To whom does the interest and other money which the U.S. government pays to the FEDERAL RESERVE go? What happens to that money?

Originally posted by dubiousone
reply to post by EarthCitizen07

 

To whom does the interest and other money which the U.S. government pays to the FEDERAL RESERVE go? What happens to that money?

I would say to the stockholders of the federal reserve, and the majority of stockholders(if not all) are compromised of the stockholders of the big commercial banks. I don't have the time or interest to trace down details, so I am just giving you a general synapsis.

The government raises money via taxation, since the treasury department prints money FOR the federal reserve, and thus has no other access to money. On occassion perhaps it has borrowed money directly from the federal reserve. If the government balances the budget then it does not have to sell treasury bonds, but we(america) are already in debt for over sixteen trillion dollars. Hence the big investors who control capitalism(mostly investment firms) buy up a large percentage of the debt. The proletariat cannot afford to invest as much...probably pocket cash.

I have read somewhere that the treasury department immediately issues treasury bonds for all the money issued by the federal reserve and distributed to the banks. This version does not make sense to me, unless the government borrows directly.

reply to post by EarthCitizen07


Government control of the money looks good and plausible on the surface. But even a well meaning authority is an artificial construct of limited intelligence when compared to a market.

The competative market sets the value of a thing with perfect democracy. It is worth what people will pay or do for it.

Money should be competative, like credit cards. Competitors in the money supply would keep the value of thier money as close as possible to its maximum worth, and inflation would be reduced to perhaps a negative, or deflationary, number. From then onward, all money would grow in value as time passed.