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01-27-2008, 07:57 PM
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Machiavelli Incarnate
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Join Date: Jun 2006
Location: Mid-south
Posts: 12,112
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Quote:
Originally Posted by basharp1
Tie the dollar back to silver and gold, that is the only way to ensure the people don't get had by a bunch of foreign and domestic profiteers!
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Fine...but in the here and now, the Fed sets interest rates and credit is how money is moved for investment.
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01-27-2008, 08:30 PM
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Political Mastermind
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Join Date: May 2007
Location: "Cradle of the Civil War"
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Quote:
Originally Posted by cat's meow
Fine...but in the here and now, the Fed sets interest rates and credit is how money is moved for investment.
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Cat, I'm just trying to clarify a point you made, "in the hear and now" I don't understand? Since 1913 and in the "now" the Fed, completely seperate from the US Government sets interest rates, i.e. discount (rate @ which banks borrow money from other banks), Fed. Funds Rate (rate banks borrow from the Fed) and prime rate which runs 3 basis points above fed. funds rate. Does that help?
__________________
"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." Thomas Jefferson
"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
Thomas Jefferson
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01-27-2008, 10:04 PM
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Machiavelli Incarnate
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Join Date: Jun 2006
Location: Mid-south
Posts: 12,112
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Quote:
Originally Posted by basharp1
Cat, I'm just trying to clarify a point you made, "in the hear and now" I don't understand? Since 1913 and in the "now" the Fed, completely seperate from the US Government sets interest rates, i.e. discount (rate @ which banks borrow money from other banks), Fed. Funds Rate (rate banks borrow from the Fed) and prime rate which runs 3 basis points above fed. funds rate. Does that help?
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The Federal Reserve Chairman serves at the behest of the President and the government.
What is your point? This is one of three national banks we have had. It is not a new concept. Our money system is a Government system and has been aorund since 1791 and was only decentralized by Andrew Jackson because of the oncoming problems with the North and South---we had two types of currency when the Confederacy was at its height. After that it took a long time to heal the wounds of that war and we went back to a central banking system like before...Government has a hand in this, it is whatever system they choose whether backed by Gold or peanuts...whether they feel strongly interest rates should be raised or lowered. Government appoints the people who do this, they work as an agent of the government and also have to take into consideration the market economy (for good or bad, that is no value judgement).
It is the same silly argument people have about the Supreme Court, they are appointed by the government and you 'get what you pay for.' It is like saying that 'God's law' or 'the Constitution' are what totally guide the Supreme Court. They are appointed by the government...bottom line---we have a government framework economic system all the way around (and gov system of laws BTW).
Here is the history, it is pretty simple.
- Bank of the United States (1791-1811)
- Second Bank of the United States (1816-1836) not renewed by A. Jackson
- *Confederacy/Civil War/Reconstruction* (1836-1913)
- Federal Reserve System (1913- )
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01-28-2008, 12:03 AM
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Political Mastermind
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Join Date: May 2007
Location: "Cradle of the Civil War"
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Cat, let me present to you, The Federal Reserve". If you can handle the music, there is a lot of interesting information.
**please, give it 10 minutes, you know with a cup of coffee or something**
YouTube - The Federal Reserve
__________________
"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." Thomas Jefferson
"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
Thomas Jefferson
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01-28-2008, 12:06 AM
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Political Mastermind
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Join Date: May 2007
Location: "Cradle of the Civil War"
Posts: 2,171
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Here's more, just have to open your mind. We've, myself included, have been indoctrinated to the point were desensitized to what the hell is going on.
YouTube - Corrupt Federal Reserve - Robbing Americans Since 1913 [1/3]
__________________
"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." Thomas Jefferson
"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
Thomas Jefferson
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01-28-2008, 12:07 AM
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Machiavelli Incarnate
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Join Date: Jun 2006
Location: Mid-south
Posts: 12,112
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Quote:
Originally Posted by basharp1
Cat, let me present to you, The Federal Reserve". If you can handle the music, there is a lot of interesting information.
**please, give it 10 minutes, you know with a cup of coffee or something**
YouTube - The Federal Reserve
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Video not uploading on this machine, would have to do that at work...
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01-28-2008, 12:11 AM
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Machiavelli Incarnate
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Join Date: Jun 2006
Location: Mid-south
Posts: 12,112
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Quote:
Originally Posted by basharp1
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i don't think you are reading me right.
I have never said our gov is 'clean' I am only saying it is the system it is. The 'market' does not run itself anywhere in the world. This gets us into a long discussion about semantics, ethics, societies, and 'natural' human behavior.
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01-28-2008, 12:19 AM
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Political Mastermind
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Join Date: May 2007
Location: "Cradle of the Civil War"
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Check it out on break  Get your friends together and give it a look. Very informative, theres several documentaries on the federal reserve and International Bankers. Above all, their influence on global affairs.
Till tommorrow
__________________
"I hope our wisdom will grow with our power, and teach us, that the less we use our power the greater it will be." Thomas Jefferson
"The conservative movement has been hijacked and turned into a globalist, interventionist, open borders ideology, which is not the conservative movement I grew up with." Pat Buchanan
"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
Thomas Jefferson
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01-28-2008, 12:29 AM
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Political Mastermind
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Join Date: May 2007
Location: "Cradle of the Civil War"
Posts: 2,171
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Ron Paul on the Federal Reserve
Can't help it, I'm a Ron Paul supporter, having said that, I believe if people were educated on how the Fed works, There'd be a lot more Ron Paul supporters:
YouTube - Ron Paul on Federal Reserve, banking and economy
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01-28-2008, 07:36 PM
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Seasoned Veteran
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Join Date: Jan 2008
Posts: 30
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Quote:
Originally Posted by Sgt Slaughter
I was in the US Army under fire in SE Asia while you were sucking your mommies tit or on your way to Canada to avoid danger!! Lousy assed fucking Dems and their FEEL SORRY for Jose and Rastus, so we gets them a LOAN and then they don't work we pay for it, the market collapses, and its Bush's fault?? What a fucking dufus, are you going to tell us Hillary can piss over a barbed wire fence STANDING UP next???
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you don't impress me. You were simply one of thouands fighting. My father was also there. Your nothing special. Get over yourself. Only an idiot would say politicians have nothing to do with the economy. Hmm I guess your an idiot.
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