100 reasons to shut down the Federal Reserve

[BFT3K]

On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever



December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don't know what it actually is or how it functions.

Story continues here...

http://theeconomiccollapseblog.com/a...t-down-forever

[BFT3K]

No "Happy 100 Year Anniversary" wishes?

I'm shocked.

[Vendzilla]

I agree with you on this, but it's not going to happen.

[DTK]

Originally Posted by Vendzilla

I agree with you on this, but it's not going to happen.

We agree on something. *marking date on calendar*

I've checked out theeconomiccollapseblog.com (crappy domain name btw) before, and I really got the vibe that the site is about fearmongering to sell books & products. The Fed is a bad thing, but you can pick much better sources to quote from.

[Robbie]

Yep, and the Federal Reserve policies are what is making our money pretty much worthless.

And since they are printing tons of money every month...and the people who know best how to leverage worthless money are...banks, the rich keep getting richer and the poor keep getting poorer and poorer.

Something to think about as Obama is now trying to change the national conversation from Obama-Care to "income inequality" (he tried a couple of weeks ago with "immigration reform" but that didn't work either).

The "income inequality" is being fueled by the Fed. And the ongoing rise in costs of everything (because a dollar isn't worth shit anymore) and the mega-inflation that is coming is going to make it much, much worse.

Meanwhile...millions of dollars are simply being printed by the Fed each month. And interest rates are as low as they have ever been.

No, it's not the minimum wage that needs to be raised.

It's the value of the dollar that needs to be brought back. We can't raise the minimum wage fast enough to keep up with the printing presses at the Fed.

We need a President to step in and use his influence here. But he seems to be too pre-occupied with simultaneously telling the country that "ObamaCare is working" (that speech the other night was fucking ridiculous) and trying as hard as he can to get people to NOT think about it (immigration reform, and now "income inequality").

He's gonna keep throwing shiny red balls until one of them gets our attention and the press goes running after it like dogs. lol

Merry Christmas everybody!

[seeandsee]

yeah they will just give money back to people...

[Klen]

Originally Posted by DTK

We agree on something. *marking date on calendar*

I've checked out theeconomiccollapseblog.com (crappy domain name btw) before, and I really got the vibe that the site is about fearmongering to sell books & products. The Fed is a bad thing, but you can pick much better sources to quote from.

I find it hilarious how they selling "preper cookbook"

[pimpmaster9000]

Originally Posted by Robbie

Yep, and the Federal Reserve policies are what is making our money pretty much worthless.

And since they are printing tons of money every month...

somewhere around 2000 if you put 1.000.000 $US in euros you would get 1.200.000+ euros

today its worth 730.000 euros...that's a whopping 470.000 euros difference in just 14 years! that's 640.000$ of today's dollars in difference...

granted its not a precise measurement but it paints a very clear picture...

economic sabotage and terrorism on a global scale not just US...the US army needs to occupy the federal reserve and it will do more good to the USA than any other foreign intervention

[Robbie]

Not only that...but since the inception of the Federal Reserve in 1913...the dollar is now worth TWO CENTS of it's worth from before the Fed!

It's lost 98% of it's value.

[Biggy]

Originally Posted by Robbie

Meanwhile...millions of dollars are simply being printed by the Fed each month. And interest rates are as low as they have ever been.

No, it's not the minimum wage that needs to be raised.

It's the value of the dollar that needs to be brought back. We can't raise the minimum wage fast enough to keep up with the printing presses at the Fed.

Merry Christmas everybody!

Originally Posted by Robbie

Yep, and the Federal Reserve policies are what is making our money pretty much worthless.

And since they are printing tons of money every month...and the people who know best how to leverage worthless money are...banks, the rich keep getting richer and the poor keep getting poorer and poorer.

Something to think about as Obama is now trying to change the national conversation from Obama-Care to "income inequality" (he tried a couple of weeks ago with "immigration reform" but that didn't work
Meanwhile...millions of dollars are simply being printed by the Fed each month. And interest rates are as low as they have ever been.

No, it's not the minimum wage that needs to be raised.

It's the value of the dollar that needs to be brought back. We can't raise the minimum wage fast enough to keep up with the printing presses at the Fed.

We need a President to step in and use his influence here. But he seems to be too pre-occupied with simultaneously telling the country that "ObamaCare is working" (that speech the other night was fucking ridiculous) and trying as hard as he can to get people to NOT think about it (immigration reform, and now "income inequality").

He's gonna keep throwing shiny red balls until one of them gets our attention and the press goes running after it like dogs. lol

Merry Christmas everybody!

Millions? Try tens of billions. 75b each month recently slashed from 85b.

[DTK]

Originally Posted by Biggy

Millions? Try tens of billions. 75b each month recently slashed from 85b.

The majority of which is going to the big banks, where they can just sit on it, earn some interest, and refill their coffers for the massive lawsuits, fines & settlements that are coming down the pike.

What a brilliant fuck-over of the American people..these guys destroy the economy through massive fraud and then get to pay the big fines courtesy of the American taxpayer. Absolutely brilliant.

[Mutt]

Originally Posted by Robbie

Yep, and the Federal Reserve policies are what is making our money pretty much worthless.

And since they are printing tons of money every month...and the people who know best how to leverage worthless money are...banks, the rich keep getting richer and the poor keep getting poorer and poorer.

Something to think about as Obama is now trying to change the national conversation from Obama-Care to "income inequality" (he tried a couple of weeks ago with "immigration reform" but that didn't work either).

The "income inequality" is being fueled by the Fed. And the ongoing rise in costs of everything (because a dollar isn't worth shit anymore) and the mega-inflation that is coming is going to make it much, much worse.

Meanwhile...millions of dollars are simply being printed by the Fed each month. And interest rates are as low as they have ever been.

No, it's not the minimum wage that needs to be raised.

It's the value of the dollar that needs to be brought back. We can't raise the minimum wage fast enough to keep up with the printing presses at the Fed.

We need a President to step in and use his influence here. But he seems to be too pre-occupied with simultaneously telling the country that "ObamaCare is working" (that speech the other night was fucking ridiculous) and trying as hard as he can to get people to NOT think about it (immigration reform, and now "income inequality").

He's gonna keep throwing shiny red balls until one of them gets our attention and the press goes running after it like dogs. lol

Merry Christmas everybody!

and somehow Robbie I bet you live a better life materially wise than 99% of your ancestors and living relatives.

The Fed has become a favorite boogey man of the conspiracy kooks, it's a far less the clandestine sinister operation than people think. It's the de facto central bank of the United States. There are no countries I know of that don't have a central bank. It's the government that is printing that money, and yes the banks love it.

As long as there are takers for US debt there's no problem, not sure what happens when the day arrives when there isn't. They don't call economics 'the dismal science' for nothing.

[Robbie]

Mutt, my grandfather was far richer than I am.

Also, I think that saying every country has one doesn't make it the right thing to do.

The only reason that other countries might have something similar to our Federal Reserve is because we did it in 1913 and we became the leading economy in the world after WW2. So a lot of countries followed.

I'm no "conspiracy kook", but the numbers don't lie.

When you just print money out of thin air...it devalues the currency. And then you have inflation.

And that's when the rich get richer and the poor get poorer.

No need for a "conspiracy theory". It's just how things work.

[Joshua G]

our savior:

[Vendzilla]

Originally Posted by Mutt

and somehow Robbie I bet you live a better life materially wise than 99% of your ancestors and living relatives.

The Fed has become a favorite boogey man of the conspiracy kooks, it's a far less the clandestine sinister operation than people think. It's the de facto central bank of the United States. There are no countries I know of that don't have a central bank. It's the government that is printing that money, and yes the banks love it.

As long as there are takers for US debt there's no problem, not sure what happens when the day arrives when there isn't. They don't call economics 'the dismal science' for nothing.

Sorry, but you'll have to convince us that printing up 85 billion a month to keep the money markets happy is a good thing, because that's what's going on.

This explains it very nicely
http://www.firstpost.com/economy/for...n-1296281.html

I just don't see any good in this at all!

[VinceRuth]

Nice picture man

[pimpmaster9000]

Originally Posted by Mutt

As long as there are takers for US debt there's no problem, not sure what happens when the day arrives when there isn't. They don't call economics 'the dismal science' for nothing.

the problem is it devalues the dollar abroad...this in turn makes buying US profitable businesses, the back bone of the US economy, cheaper for foreign buyers...the profit goes abroad...more and more...there is less and less pie for americans...

its pure pissing in the well

do you know what happens with the billions upon billions of petro dollars? the arabs have built left and right domestically and now they seek foreign investment opportunities, you can not dump billions of US$ in europe and asia so EASILY any more so it all goes back in the US...your economy, or should I say, your own share in your own economy, is becoming smaller and cheaper at the same time...

sure its good for export of US goods they become cheaper, but this is good in a great global economy not a weak one...this is good when most of your production is not outside the USA...