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Old 11-10-2008, 12:24 PM
 
2,541 posts, read 2,737,711 times
Reputation: 492

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The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral

Bloomberg.com: Special Report

 
Old 11-10-2008, 12:29 PM
 
8,185 posts, read 12,634,639 times
Reputation: 2893
Well, the fed is a privately owned business, is it not? That we entrust our economy to a privately owned business that masquerades as federally owned (ala the treasury) is an incredibly misguided, shortsided, and naive endeavor.

It seems to me Ron Paul has been talking about the fed having too much power for quite some time now.....too bad he wasn't allowed to talk too much about it during the debates.
 
Old 11-10-2008, 12:34 PM
 
Location: Texas
5,012 posts, read 7,870,090 times
Reputation: 5698
I thought that was the purpose of the Fed. The more money they loan out, the more they collect in interest. And since they don't actually loan out money to begin with (money is created through a simple computer entry), they collect interest payments on money that doesn't even exist to begin with. Sweet system for a few global financiers and the Illuminati. Bad for the lowly peasants who see the purchasing power of their money decrease over time.
 
Old 11-10-2008, 03:13 PM
 
2,541 posts, read 2,737,711 times
Reputation: 492
Quote:
Originally Posted by camping! View Post
Well, the fed is a privately owned business, is it not? That we entrust our economy to a privately owned business that masquerades as federally owned (ala the treasury) is an incredibly misguided, shortsided, and naive endeavor.

It seems to me Ron Paul has been talking about the fed having too much power for quite some time now.....too bad he wasn't allowed to talk too much about it during the debates.
The Fed 'promised' to be transparent in how it doles out our money - what was that about trusting Ken Lay, its the last screw job before Bush leaves office.
 
Old 11-10-2008, 03:15 PM
 
Location: Dallas
4,630 posts, read 10,471,139 times
Reputation: 3898
Fairly cool to see Bloomberg going after the true villain. Dangerous move though. Kennedy went after the Fed in June '63. He was dead less than 6 months later.

John-F-Kennedy.net - John F. Kennedy vs The Federal Reserve

It is also rumored that Lincoln's "Greenbacks" was the cause of his demise.

Thirst for Justice - Two Great President Of United States

The only one who ever toppled the central bank was Andrew Jackson. He considered it he greatest accomplishment. Old Hickory was the only man strong enough to defeat that evil and survive (and even he was shaken).

Why The United States Bank Was Closed, by Andrew Jackson

I find it fascinating how easily people from the left and right come to common ground regarding the Fed. It makes me think that if enough of the combatants in the left vs right partisan boondoggle would just read up on the central banks, we could actually overcome.

How could anybody not find suspicious a bill as monumentally significant as the Federal Reserve Act slipped through late night on Dec 23?

http://www.the7thfire.com/new_world_...eserve_act.htm

OK, cue up Orwell's sheep now.

Last edited by xS☺B☺s; 11-10-2008 at 03:30 PM..
 
Old 11-11-2008, 08:44 AM
 
2,541 posts, read 2,737,711 times
Reputation: 492
Quote:
Originally Posted by Bostonian08 View Post
Fairly cool to see Bloomberg going after the true villain. Dangerous move though. Kennedy went after the Fed in June '63. He was dead less than 6 months later.

John-F-Kennedy.net - John F. Kennedy vs The Federal Reserve

It is also rumored that Lincoln's "Greenbacks" was the cause of his demise.

Thirst for Justice - Two Great President Of United States

The only one who ever toppled the central bank was Andrew Jackson. He considered it he greatest accomplishment. Old Hickory was the only man strong enough to defeat that evil and survive (and even he was shaken).

Why The United States Bank Was Closed, by Andrew Jackson

I find it fascinating how easily people from the left and right come to common ground regarding the Fed. It makes me think that if enough of the combatants in the left vs right partisan boondoggle would just read up on the central banks, we could actually overcome.

How could anybody not find suspicious a bill as monumentally significant as the Federal Reserve Act slipped through late night on Dec 23?

THE FEDERAL RESERVE ACT

OK, cue up Orwell's sheep now.
What? You dont like the beautiful music they play when the Prez, Treasury and Fed are all in sync with each other?

Bush sneaks $146.3 billion in bank tax breaks and new AIG cash onto Obama's plate

Bush sneaks $146.3 billion in bank tax breaks and new AIG cash onto Obama's plate - BloggingStocks
 
Old 03-05-2009, 04:34 PM
 
3,283 posts, read 5,205,733 times
Reputation: 753
Quote:
Originally Posted by freefall View Post
The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral

Bloomberg.com: Special Report

here then is potentially some good news for you! HR1207 has been tabled for congressional approval. if you believe the fed needs to be reigned in, contact your congressman and get them to support HR1207. then pass it on to everyone you know.

http://www.youtube.com/watch?v=6WAKRFAINto
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