quote:

Originally posted by occrider I was just offered a position with the Federal Reserve Bank of NY ... dunno if I'm going to take it but I'm salivating at the chance to be a part of the conspiracy theory.

Go for it!

... well as long as you can deal with how slow things move in large institutions.

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Originally posted by culorut I agree with you, in most cases this is true but in this case they are passing a bill which allows more transparency to a private company which literally has a choke hold on the worlds most powerful nation.

China is the one with the choke hold on the US.

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Since the Federal Reserves inception it has failed the country. A one sided coin if you may, always digging the country it is supposed to help into a deeper hole.

It seems to be the American people who have failed themselves. Through complacancy and apathy the country has been allowed to get into a debt trap and there isn't much of a way out. If the people had not demanded services from the government that were more expensive than they could afford with such low tax rates and if they had not lived high on the hog, using credit to fuel consumption, then the individuals would have some breathing room.

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Time to take a very close look and change things for the better because it has not helped at all since the very beginning. The Feds essentially own and run the country, they print the money and take it back through income taxes. The USA will be forever in debt because of their control, illegal control. Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof, Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

Since the congress has the power to regulated it they can delegate, that's using power.

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Originally posted by culorut Well a couple hundred congressmen definitely do not agree with you or the way the audits have been conducted, this is the reason they want tons more transparency. You really should try reading post #1 in this thread again before talking shit.

Originally posted by Krypton
Are you trying to convince us that the same "mob" you call sheep, under the thumb of a secret cabal of bankers, are competent in deciding issues of monetary policy and central banking? I bet you if you were to go out in the street and ask people, "What is the Federal Reserve?", half of them wouldn't know what the fuck you were talking about. Yet, you want them to make decisions they are not informed about, nor, care about for that matter...

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Originally posted by culorut I agree with you, in most cases this is true but in this case they are passing a bill which allows more transparency to a private company which literally has a choke hold on the worlds most powerful nation.

But you want them to make decisions they are not informed about.

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Since the Federal Reserves inception it has failed the country. A one sided coin if you may, always digging the country it is supposed to help into a deeper hole.

You forgot about the millions who have been lifted out of poverty since 1913. You have totally disregarded the fact that since 1928, 6-7 out of every 10 years were years of economic growth. I guess in your little world, that is still a failure. In the meantime, the dollar continues to be the world's reserve currency. Again, in your little world, that must be a failure too.

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Time to take a very close look and change things for the better because it has not helped at all since the very beginning. The Feds essentially own and run the country, they print the money and take it back through income taxes. The USA will be forever in debt because of their control, illegal control.

Change things for the better how? By tying the central bank's hands behind its backs? The Feds own and run the country ay? How. They print the money? Well, NO SHIT...They take it back through income taxes? What? First, the Fed returns all profits to the treasury, and second, the government is the one who collects income taxes. The USA will be forever in debt? To who? The Federal Reserve? Again, the Fed returns all profits to the treasury.

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Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof, Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

Nowhere in the document does it prevent Congress from delegating such authority to a central bank under its supervision.

quote:

Originally posted by culorut Time to take a very close look and change things for the better because it has not helped at all since the very beginning. The Feds essentially own and run the country, they print the money and take it back through income taxes. The USA will be forever in debt because of their control, illegal control.

the treasury prints money and collects taxes: the fed does neither!

http://www.treas.gov/education/faq/...roduction.shtml

quote:

Originally posted by culorut Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof, Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

by giving congress the power to coin money and regulate its value the constitution gives congress the power to delegate that power. if the power to delegate needed affirmative authorization then we wouldn't have any government agencies. without looking, I can't recall any provision in the constitution where the power to delegate is specifically provided.

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Originally posted by ******** Only americans would be dumb enough to actually not GET IT? You are being screwed over by the banks and ultra rich!!! you don't need to make a law to realize this you stupid idiots. When you made the federal reserve act it was soon after voided. Since then it has been a total charade.

this coming from a poor unemployed canadian who dropped out of school, went to rehab, was arrested for various reasons, and clearly has psychological issues.

what about the fact that a canadian (atbell) and australian (pkc) also think the law is stupid.

quote:

Originally posted by culorut Article 1, section 8, of the Constitution reads: The Congress shall have the Power.....To coin Money, regulate the Value thereof, Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

the federal reserve is a government agency. what is so hard for you to grasp?

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Originally posted by jerZ07002 the treasury prints money and collects taxes: the fed does neither! http://www.treas.gov/education/faq/...roduction.shtml

Sure the treasury prints dollar bills..but the fed prints "virtual" money and credit and we have created far more "money" in this manner than the amount of traditional physical currency currently floating around the world.. Basically what happens when the government wants to spend a few hundred billion they don't have, the treasury has the US mint print up a few bonds..white pieces of paper with fancy writing on them claiming they are worth 100 billion dollars. They then sell them to the fed..but since the fed has no real wealth to buy the bonds, they simply enter a few digits into a computer to expand the government's bank account by $100 billion..kazaam! New money is created for the government to to spend immediately on various things without the necessity of printing dollar bills. In theory, the treasury creates money. In practice, the fed does it.

lols. and exactly what is wrong with that situation capitalizt? and how would any of that change due to this bill?

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Nothing will change due to this bill..aside from a bit more transparency.

so what issues in particular do you think will be more transparent, that aren't already covered in the RB's minutes?

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