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Old 01-15-2014, 06:41 AM
 
28,404 posts, read 16,641,305 times
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The Insanely Profitable Federal Reserve - The Daily Beast

It is interesting that there is not more outrage at the Fed, which is a scheme hatched by JP Morgan and the Rockefellers on Jeckyll Island in 1913, to provide them with a huge income stream with no risk.

Is it not interesting that the "engine" driving this "redistribution of wealth" is your income tax dollars being paid to the government and shunted to the private bankers at the Fed? Where is the outrage?
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Old 01-15-2014, 06:46 AM
 
Location: Philadelphia
12,001 posts, read 12,116,751 times
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Most don't understand how our economy works and that neither our Government or its people control our currency.

And yes they would be outraged if they did. The banks that conspired to create The Fed are still the dominant banks today that are "too big to fail" and they have only grown more powerful and to control more aspects of our economy since 2008.

The Federal Reserve is the largest criminal enterprise on Earth.
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Old 01-15-2014, 06:59 AM
 
28,404 posts, read 16,641,305 times
Reputation: 19009
Quote:
Originally Posted by 2e1m5a View Post
Most don't understand how our economy works and that neither our Government or its people control our currency.

And yes they would be outraged if they did. The banks that conspired to create The Fed are still the dominant banks today that are "too big to fail" and they have only grown more powerful and to control more aspects of our economy since 2008.

The Federal Reserve is the largest criminal enterprise on Earth.

True. Oddly, the Fed system is further rigged, such that when there is an attempt to stop borrowing (T-bills), the money supply contracts and we enter a recession/depression, thus creating a strong incentive to keep borrowing.

Further, the spending spree benefits not only the Fed, but also the politicians who buy votes by spending programs funded via our debt. This unholy alliance between the Fed and our politicians is driving us to insolvency.

What is the solution?

1. Abandon the Fed (the Founding Fathers knew the dangers of central banking)
2. Balanced Budget Amendment
3. 15% VAT
4. 20% flat income tax
5. 10% flat corporate tax
6. Allow "debt free notes" to be recirculated in the economy to prevent a recession with retiring debt
7. Term limits- it is easier for lobbyists to buy one congressman than several
8. Make lobbying illegal

The problem must be adressed through treating both the problem with Fed and the politicians who profit from this system. What is the chance of this happening? ZERO- The Fed controls the economy and the banking system and the politicians control the government. Neither will yield power, as they are all getting rich off of our backs.
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