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Old 02-09-2012, 01:53 PM
 
Location: Planet Eaarth
8,955 posts, read 18,716,821 times
Reputation: 7193

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Things people may not know about the FED..........

10 Things That Every American Should Know About The Federal Reserve
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Old 02-09-2012, 03:53 PM
 
Location: Portland, Oregon
7,090 posts, read 11,166,971 times
Reputation: 4118
Wow, you don't seem to get it repeatedly do you...

Quote:
Originally Posted by subsound View Post
The guy who runs it is a completely insane fundamentalist loon with diarrhea of the brain that erupts with such violence that he needs 4 web****es to capture all the volume (The Economic Collapse Blog, End of the American Dream, The Most Important News and What The Bible Says About...). He is a raging biblical literalist who believes Jesus is about to come down physically and start his thousand year reign over Earth, right after he screws the economy up and exterminates the non believers.

He's been raging since 2007, which makes it really funny since he "predicts" the end of times in about every 3-6 months about 2-3 times a week in his dribbling. It doesn't seem to faze him one bit he's been wrong hundreds, if not thousands, of times (since he likes vast bullet pointed lists).

It certainly doesn't seem to stop the idiotic followers that seem to fall over themselves to believe whatever dribbling he makes about the end times, while ignoring the long history of being plain wrong. The only thing that posting that as a source shows is that that the person who read it has no experience or knowledge of the subject at hand, is very fearful, and is so lacking in critical thinking skills they believe some one that is not only so idiotic that they don't realize their own incompetence...they think they are a genius on the subject.
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Old 02-09-2012, 04:58 PM
 
28,461 posts, read 76,043,485 times
Reputation: 18533
You'd think the guy would be a little more clever in getting a alias domain name to hide their nutjob-ness, heck the goof balls at "seeking alpha" see a little saner just because their URL is less implausible than "economic_collapse_blog" even though they are both about as whacky...
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Old 02-09-2012, 07:32 PM
 
1,650 posts, read 2,610,261 times
Reputation: 1957
Did Tightwad get a new user name? This post has all the calling cards of classic Tightwad hysteria.
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Old 02-10-2012, 04:35 PM
 
Location: Fredericktown,Ohio
7,143 posts, read 4,779,536 times
Reputation: 2889
Instead of attacking the OP and the site how about looking at the article and pointing out where it is in error. I looked at 1 thru 10 and it looks like it is spot on, you all ran your mouths lets see what you have for proof.
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Old 02-10-2012, 05:23 PM
 
Location: Planet Eaarth
8,955 posts, read 18,716,821 times
Reputation: 7193
Quote:
Originally Posted by Swingblade View Post
Instead of attacking the OP and the site how about looking at the article and pointing out where it is in error. I looked at 1 thru 10 and it looks like it is spot on, you all ran your mouths lets see what you have for proof.
Thank you!
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Old 02-10-2012, 11:46 PM
 
Location: Ohio
22,798 posts, read 15,930,808 times
Reputation: 19273
Quote:
Originally Posted by Swingblade View Post
Instead of attacking the OP and the site how about looking at the article and pointing out where it is in error. I looked at 1 thru 10 and it looks like it is spot on, you all ran your mouths lets see what you have for proof.
They don't have to read the article. It is from Economic Barf.com so it false data. The site has been debunked and destroyed so many times, it ain't even funny.

The following statements are either totally false or fraudulent (as in misleading -- only telling part of the truth and omitting information that would alter the reader's perception):


Quote:
#2 The Federal Reserve System Is A Perpetual Debt Machine
As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.


#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar Did you know that the U.S. dollar has lost 96.2 percent of its value since 1900?



#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

#5 The Federal Reserve Is Paying Banks Not To Lend Money

#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913
Without a personal income tax, it is hard to have a central bank. It takes a lot of money to finance all of the government debt that a central banking system creates.


#10 The Federal Reserve Has Become Way Too Powerful
Running my mouth with proof....

Mircea
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Old 02-11-2012, 07:20 AM
 
Location: Fredericktown,Ohio
7,143 posts, read 4,779,536 times
Reputation: 2889
Quote:
Originally Posted by Mircea View Post
They don't have to read the article. It is from Economic Barf.com so it false data. The site has been debunked and destroyed so many times, it ain't even funny.

The following statements are either totally false or fraudulent (as in misleading -- only telling part of the truth and omitting information that would alter the reader's perception):




Running my mouth with proof....

Mircea
Did that post show up like you wanted it too? I see no comments after you stated the points.
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Old 02-11-2012, 01:21 PM
 
Location: Ohio
22,798 posts, read 15,930,808 times
Reputation: 19273
Quote:
Originally Posted by Swingblade View Post
Did that post show up like you wanted it too? I see no comments after you stated the points.
You said...

Quote:
Originally Posted by Swingblade View Post
I looked at 1 thru 10 and it looks like it is spot on, you all ran your mouths lets see what you have for proof.
...so then you're admitting you don't understand economics.

Great. I had a theory that stupidity begets stupidity; that theory is now a law.

This statement...

#2 The Federal Reserve System Is A Perpetual Debt Machine
As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.

...is blatantly false.

"U.S. government debt" will go "up and up and up" only so long as Congress continues to spend more money that it collects in tax revenues.

The Federal Reserve is a central bank and all central banks, nay, all banks on Planet Earth do the same thing, which is try to fix the mistakes made by others. You have a National Debt because your government spends more than it makes, and the only way to fix it is to sell the debt to private investors. That is nothing new. It's been happening for centuries. Ask Philip IV King of France and Navarre.

If you want to do something about "U.S. government debt" then try turning off the TV and putting down your iPod and cell-phone for a few seconds and do your duty as a citizen.

And by the way, the idiot is too stupid to realize that there are two forms of National Debt: Non-Public Debt and Public Debt. About $5 TRILLION is "U.S. government debt" but the other $10 TRILLION is your debt, as in you personally, as in you are jointly and severally liable for the public portion of the National Debt, since you are, by definition, a "share-holder" in the Federal Reserve.

This particular sub-form is for serious business, investing and finance, not crap-posts from sky-is-falling religious nutter whack-job sites spewing nonsense. You and Spamwad-nee-Grandpa Pipes would do better to take this garbage to Godlike Productions or some other hack ass-hat website where it belongs with the tin-foil-hat-UV-radiation-there's-only-an-inch-of-topsoil-left crowd.

Posting....

Mircea
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Old 02-11-2012, 03:16 PM
 
3,335 posts, read 2,701,183 times
Reputation: 921
The Federal Reserve only loans to Gov't?

Not accurate. They loan to private banking institutions as well, they are the Godfather of banking.

They are private by design, they have congressional oversight, which sans Paul, is a joke. They are under no real audit pressures, and can print whatever and whenever they want.

The Fed reserve system will bring this world to it's knees. It is corrupt to the core. Their retarded cousins IMF and World bank have caused more pain and suffering on this planet, than is calculable.

Dump the FED and go back to green backs and you'll see a country rise from the ashes.

Otherwise, enjoy your 15 minutes of wealth through competition based on winners and losers. Unless your too big to fail of course.

truth out
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