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But the economy is made up of GDP produced by private enterprise. they look at the deficits and see huge future liabilty. You know it kind of like seeing the recipt of that crdit card purcahse knowig you owe the amount plus interest. hat means they prepare for that legacy cost form current spending. the easiest way is to cut laobr cost that makes up beteween 70-75% of cost. Even lookigat savings and elimantion of debt by individuals its evident most peole see the future the same way. The economy will never get ehalthy as you call it bu spending with no results as we have seen. its like what many did recently never lokig at the future liabilty. Only the foolish do that.
Right now federal spending is approximately 43% of GDP. GDP is projected to fall another 3% alone just from the probably January 1 tax raise. Another $Trillion + in "stimulus" is being tossed about by the FED, not Congress, THE FED. Where will that push the percentage of GDP that is federal spending, up another 8% taking it over 50%?
You can complain about the FED all you want but the economy of this country would have COLLASPED if we did not have the Federal Reserve on hand to ease a world-wide credit crisis. Also the Federal Reserve is a government entity not a private one. All of the member’ of the Federal Reserve Board are nominated by the President and confirmed by the Senate. The shares that private bank have in the Federal Reserve are in exchange for CAPITAL they confer no corporate governance rights as to shares in a publically or privately held corporation.
The Federal Reserve is NOT going to default on the United States of America.
The entire premise of your post is based on conjecture, a lack of understanding of the Federal Reserve Act of 1913 than on fact.
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System.
They make up an international banking cartel of wealth beyond comparison (Reference 1, 14).
The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders.
The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED.
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency.
The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest.
Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152)
These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).
The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts.
These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)
First National Bank of New York James Stillman National City Bank, New York Mary W. Harnman National Bank of Commerce, New York A.D. Jiullard Hanover National Bank, New York Jacob Schiff Chase National Bank, New York Thomas F. Ryan Paul Warburg William Rockefeller Levi P. Morton M.T. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. Sterling Katherine St. George H.P. Davidson J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179) J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)
I know. I look at the national debt clock, and its hard to grasp the $54 trillion in debt and the $110 trillion in unfunded liabilities. This should be on area where we all agree on, and it is the #1 issue with the TEA party, and it should be common ground for all Americans. U.S. National Debt Clock : Real Time
Im not a big fan of the Tea Party or any sheeple gimmick designed to produce an unthinking response, like the Rush sycophants who started hating the French because they were smart enough not to join our stupid war.
We are all effectively doomed by what is about to befall us. The real estate debt trap and the offshoring of jobs to ensure that we would not escape that debt, has been orchestrated. The offshored tech and manufacturing jobs carry wealth WITH them wherever they go - which of course means that they TAKE AWAY wealth from where they came from.
The Repub 'Tea Party' blames it all on those nasty liberal Dems - right?
So why are the Repubs so willing to allow the offshoring to continue and why are they so adamant that we give further tax cuts to the wealthy?
Americans and their children's children are now hopelessly and endlessly mired in DEBT, both personally via their credit cards and loans of various types
Sounds like a personal problem. An intelligent person wouldn't be "endlessly mired in DEBT, both personally via their credit cards and loans of various types" so it would appear there aren't too many intelligent people in the US.
But the economy is made up of GDP produced by private enterprise. they look at the deficits and see huge future liabilty. You know it kind of like seeing the recipt of that crdit card purcahse knowig you owe the amount plus interest. hat means they prepare for that legacy cost form current spending. the easiest way is to cut laobr cost that makes up beteween 70-75% of cost. Even lookigat savings and elimantion of debt by individuals its evident most peole see the future the same way. The economy will never get ehalthy as you call it bu spending with no results as we have seen. its like what many did recently never lokig at the future liabilty. Only the foolish do that.
Actually the economy is made up by consumption which drives about 70% of GDP, business and capital investment AND Government spending. The problem is the consumer spending in the dumps, business and capital spending is flat to declining (or going to China, India, Brazil etc.), so what's live at least to sustain the economy for the moment? Government spending, it's is NOT a long term solution in any way, shape or manner.
The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System.
They make up an international banking cartel of wealth beyond comparison (Reference 1, 14).
The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders.
The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED.
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency.
The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest.
Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152)
These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).
The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts.
These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)
First National Bank of New York James Stillman National City Bank, New York Mary W. Harnman National Bank of Commerce, New York A.D. Jiullard Hanover National Bank, New York Jacob Schiff Chase National Bank, New York Thomas F. Ryan Paul Warburg William Rockefeller Levi P. Morton M.T. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. Sterling Katherine St. George H.P. Davidson J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179) J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)
It is the effect of local and state government spending cuts and tax increases wich is the result of states fiscal crisis that is burderning the economy and reducing its demand and potential growth.
Sounds like a personal problem. An intelligent person wouldn't be "endlessly mired in DEBT, both personally via their credit cards and loans of various types" so it would appear there aren't too many intelligent people in the US.
The reference was to the debt owned by every taxpaying citizen as a result of the national debt (approx $121,850/taxpaying citizen). The credit card being used by Congress, the President, and the FED is out of control and what we do not have any immediate ability to control or cut into pieced in a "Dave Ramsey" move. In that way the federal debt becomes a very personal problem.
In that way the federal debt becomes a very personal problem.
Well, they vote don't they? I guess they need to man-up, put away the credit cards and vote for candidates that will exercise fiscal restraint, even if it means voting for a candidate from the "enemy" party, whatever that party might be.
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