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Most politicians do what ever they are paid to do. Money really runs the world, not politics.
Yea, but Money is Born and printed in Washington DC, so you kind of made my point instead of yours... those other Cities only get the money after DC prints it for them Read this Article Bureau of Engraving and Printing
so in all actuality Washington DC creates the money that makes the World go round.... just think of it like this... Imagine a group of kids at the Dinner Table comparing who has the most food on they're dinner plates... none of them actually prepared the food, but they're arguing over who has the most of it... it was The Parent that actually prepared the food and theirs always plenty more to go around, but its the parent who's responsibility it is to Govern who gets what... its the same way with Washington, DC, which by the way plays the parent roll and the rest of the cities and states would be the children with their hands out asking for more LOL... Washington creates the money and they set the rules... They let some of the other cities have some powers too... but not to the point where they could actually call any shots though.... so in the real World Washington, DC is the most Powerful of them all
Yea, but Money is Born and printed in Washington DC, so you kind of made my point instead of yours... those other Cities only get the money after DC prints it for them Read this Article Bureau of Engraving and Printing
so in all actuality Washington DC creates the money that makes the World go round.... just think of it like this... Imagine a group of kids at the Dinner Table comparing who has the most food on they're dinner plates... none of them actually prepared the food, but they're arguing over who has the most of it... it was The Parent that actually prepared the food and theirs always plenty more to go around, but its the parent who's responsibility it is to Govern who gets what... its the same way with Washington, DC, which by the way plays the parent roll and the rest of the cities and states would be the children with their hands out asking for more LOL... Washington creates the money and they set the rules... They let some of the other cities have some powers too... but not to the point where they could actually call any shots though.... so in the real World Washington, DC is the most Powerful of them all
I'd say New York is more powerful than Washington DC.
I think large corporations have an enormous influence on the world, especially the banking system. The Federal Reserve in DC does play a huge role in economics, but the banking system of the US is largely centered in NYC. Does any one realize how many corporate decisions and business transactions are done in NYC everyday?
As you know, the Federal Reserve buys and sells treasury bonds, which has an effect on the money supply. Guess where the Fed buys and sells bonds? At the Federal Reserve Bank of New York.
Truly, the city that yields the largest influence on the global economy is the most important city.
Libohove90 I'd say New York is more powerful than Washington DC.
NY more "POWERFUL" than DC??? Literally???? Not a chance pal
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I think large corporations have an enormous influence on the world, especially the banking system.
Key Word "Influence" not Power ... Corporations in NY has influence but the Govt. in DC has the actual power.... Do you really think Corporations in NY can give orders to the Federal Govt./Politicians in DC???? Do you think the Ceo's and Top executives in those Corporations in NY can actually give orders to the President and Congress in DC ??? I think not my friend
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The Federal Reserve in DC does play a huge role in economics, but the banking system of the US is largely centered in NYC
Yes, but
In public debate prior to passage of the Federal Reserve Act, some private-sector bankers expressed concern that a central bank governed by a Board of Governors appointed by the government would not be sufficiently responsive to the needs of the financial community. Certain agrarian interests, on the other hand, felt that an independent central bank would yield too much control over monetary affairs to the private banks. As a result, the Federal Reserve System was structured with two levels of authority--the Board of Governors, located in Washington, D.C., has a centralized and supervisory public influence over the Reserve Banks, while the individual Reserve Banks maintain narrower control over their own day-to-day operations. So the Feds Govt still has some control of the Federal Reserve after all... its not like its totally independent and Functioning on its on!!!!
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. Does any one realize how many corporate decisions and business transactions are done in NYC everyday?
Yes we do, but that only and specifically has to do with Corporate and Business decisions or Power not OVERALL POWER. That may be a big deal to the other major cities as far as power goes but not even close to the power in Washington .... Corporate and business decisions may be being made in NY, but they also make some Corporate and Business Decisions in DC too... not to mention their political Decisions that they make too, which not only affects every city and state in our country but the whole world as well.... Washington DC has control over Nuclear Weapons, our Military, Creates the Laws, Home of the president and the most Powerful Govt in the world and your trying to tell me that NY is more power because of its Corporate and Business decisions???
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As you know, the Federal Reserve buys and sells treasury bonds, which has an effect on the money supply. Guess where the Fed buys and sells bonds? At the Federal Reserve Bank of New York.
But the Federal Govt. in DC even dips they're hands into that to an certain extent.
While the Federal Reserve is an independent institution, it is still accountable to Congress. The Constitution gives Congress the power to coin money and set its value. Congress delegated this power to the Federal Reserve in the 1913 Federal Reserve Act, but still maintains oversight authority. Under the Humphrey-Hawkins Act of 1978, the Federal Reserve must submit a report on the economy to Congress by February 20 and July 20 of each year. Alan Greenspan, the current Chairman of the Federal Reserve Board of Governors, is called to testify on the report before Senate and House Committees.
The Federal Reserve System is made up of a Board of Governors and twelve regional Federal Reserve Banks located in major cities throughout the country. There are seven members that sit on the Board of Governors. Each member must be nominated by the President of the United States and confirmed by the Senate. Members are appointed to serve 14-year nonrenewable terms. The President also nominates members of the Board to serve as Chair and Vice Chair for four-year renewable terms. These appointments must also be confirmed by the Senate.
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Truly, the city that yields the largest influence on the global economy is the most important city.
Yes, it clearly has a lot of influence, but to say that its the most powerful is a slap in the face to our Nations Capitol
Yea, but Money is Born and printed in Washington DC, so you kind of made my point instead of yours... those other Cities only get the money after DC prints it for them Read this Article Bureau of Engraving and Printing
so in all actuality Washington DC creates the money that makes the World go round.... just think of it like this... Imagine a group of kids at the Dinner Table comparing who has the most food on they're dinner plates... none of them actually prepared the food, but they're arguing over who has the most of it... it was The Parent that actually prepared the food and theirs always plenty more to go around, but its the parent who's responsibility it is to Govern who gets what... its the same way with Washington, DC, which by the way plays the parent roll and the rest of the cities and states would be the children with their hands out asking for more LOL... Washington creates the money and they set the rules... They let some of the other cities have some powers too... but not to the point where they could actually call any shots though.... so in the real World Washington, DC is the most Powerful of them all
You're really reaching far with the "money is printed here" argument. Isn't there a branch in Fort Worth too? Does that make Ft. Worth the #2 city in the nation?
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Originally Posted by DMV
NY more "POWERFUL" than DC??? Literally???? Not a chance pal
Yes, it clearly has a lot of influence, but to say that its the most powerful is a slap in the face to our Nations Capitol
Dude, come on. Politics aside, Washington DC isn't in New York's class in anything with the exception of museums. Even then, New York is the HQ of the UN. I can understand the "we're the nation's capitol" argument...but at the same time I believe Washington reacts to what New York does more than the other way around. It's the second largest city economy on the planet and arguably the most important city on the planet. Once more Republicans are voted into office and reduce the governments role, I think we'll see a bit of a pullback of private power in DC and it will return to its rightful place (in the private world): a solid 2nd or 3rd tier city.
The only "slap in the face" here is against New York. DC is supposed to be more like Brasilia, not London.
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Originally Posted by DMV
Key Word "Influence" not Power ... Corporations in NY has influence but the Govt. in DC has the actual power.... Do you really think Corporations in NY can give orders to the Federal Govt./Politicians in DC???? Do you think the Ceo's and Top executives in those Corporations in NY can actually give orders to the President and Congress in DC ??? I think not my friend
I'd also like to note that while I usually lean to the left a bit...the way you describe the government is what is wrong with the direction of the country at the moment. The American Government is supposed to be like "swimmies" for little kids, with the private industry being the child itself. It helps keep things afloat, but ultimately it isn't a huge influence on the child. The government has now become an enormous life-raft with a pilot which not only gives too much support, but even directs where the child will go next. It's weird to say this as a relatively Liberal person...but we need our government to get considerably smaller.
Yea, but Money is Born and printed in Washington DC, so you kind of made my point instead of yours... those other Cities only get the money after DC prints it for them Read this Article Bureau of Engraving and Printing
The Federal Reserve Bank prints money. The Fed was founded in 1913 by a bunch of banks. It's not really a government entity and has never seen an audit in its' entire existence.
NY and DC have a symbiotic relationship. NYC is our biggest cultural and commercial hub, while DC is our political center.
What goes on in both cities has enormous influence over people's lives.
NYC is the largest hub of our decentralized economy, but it isn’t the “capital of the economy.” The private sector is too divided to have a "top down" command center.
While NY doesn’t control the economy/culture, the private institutions that operate here have more influence on the broader nation than any other city.
DC’s power is different. The gov. is the most powerful institution in the nation and maybe the world. Although it doesn’t control society, it has an big role in all esential aspect of life (health, housing, finance, energy, etc). But, as has been pointed out, gov. is accountable to all Americans and is subject to the whims of popular will and special interests influence. DC doesn’t control gov anymore than NYC controls the stock market.
Cities are influence more by external forces than vice versa. Stock markets and big government are essential. But, neither are sufficient. Large governments can crowd out the private sector and financial markets more reflect than drive the economy.
Given the sizable gap between NYC and DC, most people conclude that NYC is more powerful. It isn’t really rocket science; the MSA is 4x the size.
But, I would concede it is hard to say decisively, given the nebulous concept of “importance” and “power.”
At the end of the day, NYC is a massive city with many bases of influence. Much like Brazilia or Ottawa, DC is a midsized company town (albeit the most important company around).
You can argue (not implausibly) that what goes on in Brasilia/Ottawa has more impact on people lives than Sao Palo/Toronto. But, it would be hard to argue they are more dominant “cities” given their modest size.
**full disclosure, I lived in DC for several years, and moved to NYC a couple months ago. Personally, I prefer NYC. ***
The Federal Reserve Bank prints money. The Fed was founded in 1913 by a bunch of banks. It's not really a government entity and has never seen an audit in its' entire existence.
Technically, the Bureau of Printing and Engraving prints the money. The Fed regulates the amount of money to supply. The decisions are made by the FRB open market committee. In practice, the Board is dominated by the Chairman.
The Fed isn't technically part of the goverment. In practice, however, it operates as an independent arm of the goverment. The FRB is accountable to Congress. All of the major leaders are appointed by the president and cofirmed by the Senate.
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??? I think not my friend 
