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Old 10-08-2010, 09:34 AM
 
2,539 posts, read 2,460,420 times
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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, and also thru their government, who owes TRILLIONS - but to who? China? NO, to the FED - a group of incredibly wealthy bankers who print money out of thin air, and then lend it to our government who then lends it to China, in order to keep our economy functioning.

So how did we get into this dilemna? Woodrow Wilson created this banking ruling oligarchy and later regretted it. It in effect put total control of our economy into the hands of a few bankers. Why? Maybe in order to protect the heritage and linage of the country's wealth. After all, the wealthy have always initiated wars in order to gain wealth - even the world wars were economically driven. Their 'cannon fodder' as Kissinger put it, were the soldiers - the ones we always put on a pedestal, then bury.

This is currently still happening in Iraq and Afganistan, but there is now another war, and the new 'cannon fodder' is the ordinary citizen. The US dollar is the weapon being used to ensnare the world in the same debt trap as the US finds itself in.

This group of incredibly wealthy individuals (the FED), is on the cusp of world domination. When China buys US treasuries, they are borrowing from the FED. The entire world borrows from the FED, via the US government.

As Bernanke rightly is saying, this cant go on forever. The collapse is coming as they planned. Americans were lured into homes they couldn't afford, were foreclosed on, and that now the FED owns indirectly via the dollars it loaned to the government to bail them out. The burden was taken away from the banks and given to our government (the citizens) who used money borrowed from the FED to pay for them.

The FED doesnt mind the wealth transfer from America to India and China, because their plans for domination includes the entire world.

 
Old 10-08-2010, 09:42 AM
 
10,854 posts, read 8,369,609 times
Reputation: 3121
Quote:
Originally Posted by freefall View Post
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, and also thru their government, who owes TRILLIONS - but to who? China? NO, to the FED - a group of incredibly wealthy bankers who print money out of thin air, and then lend it to our government who then lends it to China, in order to keep our economy functioning.

So how did we get into this dilemna? Woodrow Wilson created this banking ruling oligarchy and later regretted it. It in effect put total control of our economy into the hands of a few bankers. Why? Maybe in order to protect the heritage and linage of the country's wealth. After all, the wealthy have always initiated wars in order to gain wealth - even the world wars were economically driven. Their 'cannon fodder' as Kissinger put it, were the soldiers - the ones we always put on a pedestal, then bury.

This is currently still happening in Iraq and Afganistan, but there is now another war, and the new 'cannon fodder' is the ordinary citizen. The US dollar is the weapon being used to ensnare the world in the same debt trap as the US finds itself in.

This group of incredibly wealthy individuals (the FED), is on the cusp of world domination. When China buys US treasuries, they are borrowing from the FED. The entire world borrows from the FED, via the US government.

As Bernanke rightly is saying, this cant go on forever. The collapse is coming as they planned. Americans were lured into easy homes, that the FED in effect owns via the dollars it loaned to the government to bail them out. The burden was taken away from the banks and given to our government (the citizens) who used money borrowed from the FED to pay for them.

The FED doesnt mind the wealth transfer from America to India and China, because their plans for domination includes the entire world.

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.
 
Old 10-08-2010, 09:43 AM
 
Location: Wisconsin
22,145 posts, read 14,799,577 times
Reputation: 5932
Quote:
Originally Posted by freefall View Post
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, and also thru their government, who owes TRILLIONS - but to who? China? NO, to the FED - a group of incredibly wealthy bankers who print money out of thin air, and then lend it to our government who then lends it to China, in order to keep our economy functioning.
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
 
Old 10-08-2010, 09:45 AM
 
Location: Great State of Texas
86,068 posts, read 75,482,065 times
Reputation: 27613
CREDIT is nothing more than a nice word for DEBT.
DEBT is a 4 letter word folks.

Borrow $10 and pay back $20.
Who gets rich off of DEBT ? Not you.
 
Old 10-08-2010, 09:52 AM
 
Location: Wisconsin
22,145 posts, read 14,799,577 times
Reputation: 5932
Quote:
Originally Posted by JazzyTallGuy View Post
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 crises. Also the Federal Reserve is a government entity not a private one. All of the of the members 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 the confer no corporate goverance rites 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 understandinmg of the Federal Reserve Act of 1913 than on fact.
Whew! That was a close one. So the national debt is nothing to worry about, and we can sustain the gigantic debt and future liabilities.
 
Old 10-08-2010, 09:53 AM
 
10,854 posts, read 8,369,609 times
Reputation: 3121
Also the homes in foreclosure are still on the balance sheets of banks. If you have any knowledge of real estate investing and how the foreclosure process works the ownership rights return to the lien holder of a home once the foreclosure process has been completed.

The result of this has been one of the biggest real estate investing bonanza's in this country's history. Banks are literally bundling and selling home to real estate investors often for pennies on the dollar just go get the properties off their books. The next group of billionaires and millionaires is being created right now based on this opportunity.
 
Old 10-08-2010, 09:57 AM
 
10,854 posts, read 8,369,609 times
Reputation: 3121
Quote:
Originally Posted by Wapasha View Post
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
I’m not arguing that the federal deficit isn’t a problem now is the wrong time to solve it. Stabilize the economy and get it healthy again THEN attack the issue.

If the federal government stops spending money now and decides to go into deficit reduction mode it would be the worst thing possible.
 
Old 10-08-2010, 10:22 AM
 
Location: Great State of Texas
86,068 posts, read 75,482,065 times
Reputation: 27613
Quote:
Originally Posted by JazzyTallGuy View Post
I’m not arguing that the federal deficit isn’t a problem now is the wrong time to solve it. Stabilize the economy and get it healthy again THEN attack the issue.

If the federal government stops spending money now and decides to go into deficit reduction mode it would be the worst thing possible.
I agree..we are past the point of reduction to save our butts.
The economy did NOT jumpstart.

So Plan B ? NO..just more of Plan A again.
 
Old 10-08-2010, 10:54 AM
 
29,986 posts, read 38,677,065 times
Reputation: 12784
Quote:
Originally Posted by JazzyTallGuy View Post
........The next group of billionaires and millionaires is being created right now based on this opportunity.
Maybe it is opportunity and maybe it is speculation that will take another 70 years or more to realize as happened with the land grab during the great Depression. Back then the dollar was backed by physical asset of gold. Since this is no longer the case these properties are still just another pile of toxic dirivatives in the making.

Oh, they won't all sit empty; Barney Franke has a plan for that wealth re-distribution. The US taxpayer ownes them as they own Freddie and Fannie right now but it is the bankers and investors the likes of Obama's Goldman Sachs masters who get the pay-off.
 
Old 10-08-2010, 11:07 AM
 
48,509 posts, read 86,968,502 times
Reputation: 18119
Quote:
Originally Posted by JazzyTallGuy View Post
I’m not arguing that the federal deficit isn’t a problem now is the wrong time to solve it. Stabilize the economy and get it healthy again THEN attack the issue.

If the federal government stops spending money now and decides to go into deficit reduction mode it would be the worst thing possible.
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.
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