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View Poll Results: Should the Fed be Abolished?
Yes - completely! 15 88.24%
No, and give it more power 0 0%
No, but reduce it's power 1 5.88%
No, keep it as is 1 5.88%
Voters: 17. You may not vote on this poll

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Old 07-19-2009, 07:14 AM
 
4,538 posts, read 4,808,508 times
Reputation: 1549

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Six Reasons to Abolish the Fed

Greider was talking about reasons not to give the Fed more power, but the reasons read more like a list of why the Fed should be abolished.

There are far more than 6 reasons. Consider his first point.

1 The Fed rewards failure
2 The Fed was a co-author of the destruction. During the past twenty-five years, it failed to protect the country against reckless banking and finance adventures.
3 The Fed allowed, even encouraged, the explosion of debt and inflation of financial assets that have now collapsed.
4 The Fed did not see this disaster coming. It certainly did nothing to warn anyone.

Mish's Global Economic Trend Analysis: Six Reasons to Abolish the Fed
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Old 07-19-2009, 07:16 AM
 
Location: Heartland Florida
9,324 posts, read 26,733,482 times
Reputation: 5038
The Fed should have been abolished in 1914. If it was we never would have had two world wars, a depression, inflation and the stock and real estate bubbles. There is nothing good they can do as they are simply a parasite that slows down progress.
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Old 07-19-2009, 10:07 AM
 
19,226 posts, read 15,310,529 times
Reputation: 2337
Quote:
Originally Posted by tallrick View Post
The Fed should have been abolished in 1914. If it was we never would have had two world wars, a depression, inflation and the stock and real estate bubbles. There is nothing good they can do as they are simply a parasite that slows down progress.
One can only wish that they are a parasite.

I see them more as the host.
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Old 07-20-2009, 08:29 PM
 
4,538 posts, read 4,808,508 times
Reputation: 1549
Quote:
Originally Posted by ergohead View Post
One can only wish that they are a parasite.

I see them more as the host.
Well, they are sucking the life out of most of America, and returning nothing, so that qualifies as 'parasitic' in my eyes.
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Old 07-20-2009, 08:46 PM
 
19,226 posts, read 15,310,529 times
Reputation: 2337
Quote:
Originally Posted by KRAMERCAT View Post
Well, they are sucking the life out of most of America, and returning nothing, so that qualifies as 'parasitic' in my eyes.
Well, I think we USED to be the host.

But the roles were switched in 1971.

Now, we are sucking the life out of that helpless body.

More, more, more, that's all I hear.


YouTube - Chris Crocker - LEAVE BRITNEY SPEARS ALONE

How FKN dare anyone out there make fun of the FEDERAL RESERVE after all she has been through.!

She lost her interest rates, she went through a near collapse. She had 39 FKN banks closed.

Her Chairman turned out to be a user, a cheater, and now she's going through a usury battle. All you people care about is….. readers and making money off of her.

SHE’S A CORPORATION! (ah! ooh!) What you don’t realize is that the FEDERAL RESERVE is making you all this money and all you do is write a bunch of crap about her.

She hasn’t performed on stage in years. Her song is called “give me more” for a reason because all you people want is MORE! MORE-MORE, MORE: MORE!.

LEAVE HER ALONE! You are lucky she even loaned to you BASTARDS!
LEAVE THE FEDERAL RESERVE ALONE!…..Please.

The International Monetary Fund talked about professionalism and said if THE FEDERAL RESERVE was a professional she would’ve pulled it off no matter what.

Speaking of professionalism, when is it professional to publicly bash someone who is going through a hard time.

Leave The Federal Reserve Alone Please…. !
Leave The Federal Reserve alone!…right now!….I mean it.!

Anyone that has a problem with her you deal with me, because she is not well right now.

LEAVE HER ALONE!
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Old 07-21-2009, 02:13 AM
 
1,544 posts, read 2,269,257 times
Reputation: 117
Quote:
Originally Posted by ergohead View Post
One can only wish that they are a parasite.

I see them more as the host.
why are they the host when Greenspan is tin-rattling for nationalisation of the banks??

thats more tax-payers money into the crooked banks.


Marx and Lenin must be laughing their asses off in their graves.

Federal reserve is an opportunistic parasite, sucking and leeching from the government's ability to print money out of thin air....they are useless without a host !!!


they have no power to print money unless the host gives them the power
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Old 07-21-2009, 05:14 AM
 
12,867 posts, read 14,905,380 times
Reputation: 4459
Quote:
Originally Posted by ergohead View Post
Well, I think we USED to be the host.

But the roles were switched in 1971.

Now, we are sucking the life out of that helpless body.

More, more, more, that's all I hear.


YouTube - Chris Crocker - LEAVE BRITNEY SPEARS ALONE

How FKN dare anyone out there make fun of the FEDERAL RESERVE after all she has been through.!

She lost her interest rates, she went through a near collapse. She had 39 FKN banks closed.

Her Chairman turned out to be a user, a cheater, and now she's going through a usury battle. All you people care about is….. readers and making money off of her.

SHE’S A CORPORATION! (ah! ooh!) What you don’t realize is that the FEDERAL RESERVE is making you all this money and all you do is write a bunch of crap about her.

She hasn’t performed on stage in years. Her song is called “give me more” for a reason because all you people want is MORE! MORE-MORE, MORE: MORE!.

LEAVE HER ALONE! You are lucky she even loaned to you BASTARDS!
LEAVE THE FEDERAL RESERVE ALONE!…..Please.

The International Monetary Fund talked about professionalism and said if THE FEDERAL RESERVE was a professional she would’ve pulled it off no matter what.

Speaking of professionalism, when is it professional to publicly bash someone who is going through a hard time.

Leave The Federal Reserve Alone Please…. !
Leave The Federal Reserve alone!…right now!….I mean it.!

Anyone that has a problem with her you deal with me, because she is not well right now.

LEAVE HER ALONE!
now that is funny! somebody should dub that video with appropriate fed remarks.
the truth is that if the federal reserve had done its job properly we wouldn't be in this mess in the first place so it serves no useful function whatsoever.
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Old 07-21-2009, 02:05 PM
 
Location: Honolulu, HI
5,638 posts, read 6,511,302 times
Reputation: 7220
I voted yes! I have to wonder about those who voted no. Do they understand what has been going on since 1913?
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