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TranceAddict Forums > Other > Political Discussion / Debate > Zeitgeist: Addendum
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jerZ07002
Supreme tranceaddict



Registered: Dec 2006
Location:

quote:
Originally posted by culorut
Who owns the Federal Reserve Banks?


The Federal Reserve Banks of each region are owned by (issue their stock exclusively to) the member banks of that same region. The member banks are privately owned corporations. Thus the Federal Reserve Banks are privately owned. This is a matter of law and anyone may read the Federal Reserve Act of 1913 for themselves.


Why do some people deny that the Federal Reserve Banks are owned by private corporations?


Three groups of people deny this fact, for differing reasons

1. The first group consists of the private owners of the Federal Reserve Banks, and their shills. It is obviously not in their interest that the American people realize that private bankers own what most people regard as a part of the public treasury and government. The people would doubtless not like it if they knew that the stockholders of the Federal Reserve Banks receive 6% interest (raised higher in the past) per year on their stock ownership, risk free. The people would be legitimately concerned to know that the member bank stockholders elect six of the nine members (i.e., 2/3rds) of the Boards of the reserve banks of their regions. Rather than regulating or controlling the activities of private banks in their regions, the opposite is the case.

2. The second group consists of those persons who, in their ignorance, have believed the propaganda of the Federal Reserve Banks, which sometimes issue ambiguous, doublespeak statements attempting to obfuscate their private bank ownership. Here is a typical example from the NY Fed website, quite easily seen through: “Although they are set up like private corporations and member banks hold their stock, the Federal Reserve Banks owe their existence to an act of Congress and have a mandate to serve the public. Therefore, they are not really "private" companies, but rather are "owned" by the citizens of the United States…Member banks do, however, receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the Reserve Bank's of their region… the Reserve Banks issue shares of stock to member banks.”

3. The third group consists of those people who consider that because the Chairman of the Federal Reserve Board of Governors is appointed by the President and approved by the Senate that the Fed is firmly under government control and that this is sufficiently equivalent to ownership to put them at ease (never mind the outright private bank control of the 12 regional Federal Reserve Banks). Let’s hear how the Fed itself regards such indirect “government control” (again from the NY Fed website): The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.


http://www.themoneymasters.com/


if the fed is a private institution then why does the fed submit its excess profits to the treasury? Additionally, how many private corporations allow the president to select the board of directors of the corporation? What private institution gets 700 billion dollars from the government to go on a public spending spree?

Old Post Oct-07-2008 05:15  United States
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pkcRAISTLIN
arbiter's chief minion



Registered: Jul 2002
Location:

quote:
Originally posted by culorut
Good for you, now I may ask what the fuk are you still doing in this thread then?


mocking uneducated fools like yourself of course. i thought i made that clear?


___________________

Old Post Oct-07-2008 05:27  Australia
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102

quote:
Originally posted by pkcRAISTLIN
mocking uneducated fools like yourself of course. i thought i made that clear?

quote:
Originally posted by shaolin_Z
Disgruntled Corporate Slave & Conspiracy Nut: "Check this out, the truth!"

Proud Corporate Slave & Sheep: "Check this out, the truth! Academia is flawless and the new Church biatch! Go swing on Alex Jones nuts!"

Conspiracy Nut: "Shut up you agent! We are all starts, the stars are Gods! Go swing on Cheney's nuts you sheep!"

Proud Corporate Slave & Sheep: "Fuck! I wish I was agent, so I could cornhole an intellectually dishonest fuck like you!"

Disgruntled Corporate Slave & Conspiracy Nut: "Watch your Culo inmate... we're quite fond of fluffy sheep rear ends around here, as are you masters!!!"

Proud Corporate Slave & Sheep: "Intellectually dishonest idot! Uneducated fuck! Quit blaspheming the Church of Academia and the State God! I love my cornholing!"

Disgruntled Corporate Slave & Conspiracy Nut: "Fucking sheep, punk ass troll bitch, shove that 9-11 commission report up your ass!"

Proud Corporate Slave & Sheep: "Fuck head!"

Disgruntled Corporate Slave & Conspiracy Nut: "Bitch!"

I think your imagination can fill in the gaps .


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Oct-07-2008 05:30  United States
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pkcRAISTLIN
arbiter's chief minion



Registered: Jul 2002
Location:

yeah, i thought i'd throw that one in for your benefit not that i havent said things like that before of course


___________________

Old Post Oct-07-2008 05:31  Australia
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Max Thomson
synthetic kinda love



Registered: May 2004
Location: Berkeley, California

I really enjoyed this, much better than the first one imo


___________________
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"A studio environment is there to be exploited. I don't really hold with these 'all live on 2 decks mixes'. If you want that, go to the gig." - Ben Watt

Old Post Oct-07-2008 05:37  United States
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102
Re: Zeitgeist: Addendum

quote:
Originally posted by culorut
Just released a few days ago...excellent information, especially on the monetary system (federal reserve).



Ok, I have a question. How are tensions and disagreements based on obvious differences in culture and values going be eliminated, especially in the absence of any modes of coercion, to achieve the Utopian goals? And with whatever entity, weather an organized / disorganized body or institutional structure, would impose this goal on opposition, how will it not be authoritarian or fascist in nature? Is this solution not a "Novo Ordo Seclorum" ?


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Oct-07-2008 05:43  United States
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Krypton
83.798 g/6.022x10^23



Registered: Nov 2003
Location: Texas

PKC can't reason endlessly with conspiracy theorists. It's better to copy n paste relevant descriptions of the logical fallacy at hand.


___________________

Old Post Oct-07-2008 05:49  Korea-Democratic Peoples Republic
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102

quote:
Originally posted by Krypton
PKC can't reason endlessly with conspiracy theorists. It's better to copy n paste relevant descriptions of the logical fallacy at hand.

quote:
Originally posted by Krypton
Trancer-X can't reason endlessly with sheep. It's better to copy n paste relevant descriptions of the logical fallacy at hand.

See the problem with those statements?


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Oct-07-2008 05:52  United States
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102

I have a solution; PKC v.s. Trancer-X deathmatch . Then we recursively apply that formula, and we'll inevitably be left with a complete conformity to apathy... so we'll either have total peace with freedom or enslavement. Then another PKC and Trancer-X will come along, and we shall have chaos all over again. Interesting species eh?


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Oct-07-2008 05:59  United States
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pkcRAISTLIN
arbiter's chief minion



Registered: Jul 2002
Location:

there's a big difference between trancer and i. i am more than capable of changing my mind (or having my mind changed hehe) and there are plenty of examples here in the PDD. i have yet to see trancer do the same, even once.


___________________

Old Post Oct-07-2008 06:12  Australia
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Krypton
83.798 g/6.022x10^23



Registered: Nov 2003
Location: Texas

quote:
Originally posted by shaolin_Z
See the problem with those statements?


No i don't. PKC points out a fallacy using a guide for that specific scenario (conspiracy theories). Colorut or Trancer, copy n paste a myriad of stuff, AS THE argument. So who are we to argue against a Ron Paul article? Ron Paul isn't a TA. WTF are we supposed to do? Accept it as gospel?


___________________

Old Post Oct-07-2008 06:13  Korea-Democratic Peoples Republic
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shaolin_Z
Hei Hu Quan



Registered: Nov 2004
Location: Austin, Texas, USA: TXTA #102

quote:
Originally posted by Krypton
No i don't. PKC points out a fallacy using a guide for that specific scenario (conspiracy theories). Colorut or Trancer, copy n paste a myriad of stuff, AS THE argument. So who are we to argue against a Ron Paul article? Ron Paul isn't a TA. WTF are we supposed to do? Accept it as gospel?

They propagate their world view, you propagate yours. No one discusses anything, all we have is more mindless agenda pushing from every angle. The rest of the board either silently agrees or dismissed one or both. And some of us just find it so pointless and hilarious now, at least largely so. Once the boards loose any kind of value personally, more of 'us' will be posting less frequently, perhaps disappear completely. And you'll (generic you here) still be here butting heads .


___________________
"The Greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." -Stephen Hawking
"First they came for the communists, and I did not speak out— because I was not a communist;
Then they came for the socialists, and I did not speak out— because I was not a socialist;
Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist;
Then they came for the Jews, and I did not speak out— because I was not a Jew;
Then they came for me— and there was no one left to speak out for me." -Martin Niemöller

Old Post Oct-07-2008 06:25  United States
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TranceAddict Forums > Other > Political Discussion / Debate > Zeitgeist: Addendum
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