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Originally posted by jerZ07002 the access to information can be as damaging as it can be beneficial if the person has no guidance. 20-30 years ago if someone was really interested in a topic they had to go to a library and could really only get information that was heavily scrutinized by experts (i.e., in journals, books, etc...). Now, anyone can post shit on the internet and gullible people can be easily persuaded by proclaimed experts. The internet has bred a whole generation of pseudo-intellectuals. Schools should really teach kids how to use properly information on the internet.

Critical thinking would be useful. The ability to objectively analyze both sides of an argument, instead of blindly choosing one side, and completely disregarding anything the other side might have to add to the discussion. What are we supposed to say when the criticisms we lay out are simply labelled another part of the evil conspiracy. Trancer-X even had the nerve to say I was a government agent...

These are the retards we'r dealing with..

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Originally posted by pkcRAISTLIN 5 years ago i didnt even care about all this conspiracy crap. sure, id heard of roswell, moon landings and JFK, but didn't have to deal with any of it because most australians arent morons. then the internet really came about and before you knew it there was stupid EVERYWHERE. what really boggles my mind is why internet detectives think they are the definitive experts on everything they're interested in. even a cursory understanding of banking history, banking or the federal reserve should dispel such nonsense, but no, there's a new sucker born every minute.

And again you show why you must be the most ignorant person in the world. People like us always existed and when the internet did come into it's own maybe you just realized there was more of us then people like you. I have met many Australians and I definitely would not say all are morons but there sure are many, it exists in every race and I know one right off the bat which trolls on these boards.

Suckers are not born every minute, they are trained into being suckers from the very start of their lives. You fall into this category because you cannot see things any other way by what you were taught on paper. You are narrow minded, one sided and completely ignorant to the blatantly obvious.

You are the perfect example of what society has groomed you to be. Applaud yourself, mission accomplished.

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Originally posted by ******** J.P. Morgan founded 1799

JP morgan is not morgan stanley - douche bag!

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Originally posted by ******** float is floating point. I know what i'm talking about idiot.

evidently not, moron! you said:

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after the gold and silver standard was dropped (meaning the money no longer had a commodity tied to it) now they could buy gold with the float currency or other commodities.. from money made from trees!!!

that's the description for fiat money, you dupe!





blah blah blah - i don't have time to read your nonsense.

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Originally posted by ******** Regardless if my posts are being edited to included typos to create an element of gibberish. http://en.wikipedia.org/wiki/Morgan_Stanley see also... http://en.wikipedia.org/wiki/Harold_Stanley and http://en.wikipedia.org/wiki/J._Pierpont_Morgan S&B not just sugar and bacon. see: http://www.whale.to/b/m_ch5.html GOLD STANDARD.... World War I --- big calls for loans... from government --- means bank regulation and deal cutting f Bank of England notes to gold in 1914 to fund military operations during World War I. ---- the begining of the end of total dominance by the rothschilde.(and their control of the gold trade thus monetary trade..) RESULT - paper money The stock market crash - leads to public distrust of banking system HYPER INFLATION..... leads to the crash of the german economy and the great depression as money and stock becomes worthless paper.. people no longer cna accumulate wealth without loosing value.. Executive Order 6102 led to the seizure or freezing of safe deposit boxes in 1933 n 1933 approximately 500 tonnes of gold were turned in at $20.67 per troy ounce During the 1930s over 3,000 banks failed and the contents of their safe deposit boxes were remanded to the custody of the Treasury. WWII after leads to bretton woods with us dollar being tied to silver - usd 1/35th a troy ounce of gold. return to stability sorta. - The war made the US a lot of money.. privately but indebted it and bankrupt governments like Britain. Rothechilde was thrashed in Europe.. in their place the IMF and IBRD were created.. "the World Bank Group" JFK attempted to introduce silver bank notes and was killed... 1971 Nixon..... ends bretton woods. Note Nixon was the next preisdent elected after JFK's assasination... then we have FLOAT CURRENCY... END OF "stable currency" hello forex and return to instability. and the infinite currency creation tied to no commodity other than how many trees you have... or if on credit and books "NON EXISTANT" except at who can make it.. do you know who regulates how much money is printed in the US? http://en.wikipedia.org/wiki/Fractional-reserve_banking 11110 "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." One must ask what was the rate of exchange between silver and gold at the time.. and what would this mean to a dual dollar rate? Did JFK know bretton woods was near end.. and he was trying to provide a less costly mechanism for printing US money... direct from the US mint rather than Federal Reserve. "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. Nixon unilaterally imposed 90-day wage and price controls, a 10% import surcharge, and most importantly "closed the gold window", making the dollar inconvertible to gold directly, except on the open market. The price of gold spiked tremendously... meaning reserve banks assets skyrocketed also. 1971 it reached $44.20/ounce, in 1972 $70.30/ounce TODAY...$930/ounce What this means is about 20x the ammount of currency can be created on value of gold alone. But if there was 20 times the ammount of currency.. what would the cost be? $10,000/ounce? now hyper inflation can be kept in check by a gradual cost of living. Only those who bank money - if they bank it in a bank which offers interest rates relative to the economic rate of inflation.. now people MUST bank.. just not to loose money they save. Of course you could buy gold.. is that legal in the US though?

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Originally posted by ******** the US government does not regulate US currency --- the Federal Reserve does.

the federal reserve IS the US government you idiot.

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It must be some technicality in accounting inside the banking system, to be able to print so much money in a short period of time and not watch consumer prices spike in tandem. Maybe I'm ignorant, but if the Fed is increasing the money supply via trillions in loans to private partners, this money is not making it's way out into the open market. Maybe it is a way of fixing private banks' balance sheets or keeping them in good standing according to their debt/capital ratio. Without those loans, when the Lecce framework is established and the other similar regulations, American banks can continue normally. Otherwise they would have to reject deposits and this would disrupt the entire system again.

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Originally posted by Knowland It must be some technicality in accounting inside the banking system, to be able to print so much money in a short period of time and not watch consumer prices spike in tandem. Maybe I'm ignorant, but if the Fed is increasing the money supply via trillions in loans to private partners, this money is not making it's way out into the open market. Maybe it is a way of fixing private banks' balance sheets or keeping them in good standing according to their debt/capital ratio. Without those loans, when the Lecce framework is established and the other similar regulations, American banks can continue normally. Otherwise they would have to reject deposits and this would disrupt the entire system again.

The money that makes its way to the private banks will allow them to increase their lending practices, which means it does eventually make it to the open market.

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Originally posted by ******** The Federal Reserve is a very large bank, that banks own and derive profit from. Private banks elect members of the board of directors at their regional Federal Reserve Bank. They buy dividend bearing stock in the reserve. The Board of Governors central is appointed by the president and approved by the Senate But the board itself holds the power to suspend or remove officers. However also 10 unless removed for cause by the President.

the reserve bank is a collection of private banks that are run by A GOVERNMENT AGENCY, the board of directors. their profits are returned to the treasury, minus expenses. why do you keep coming in here to make a fool of yourself? christ, its not like its rocket science ffs

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wiki The Federal Reserve System is an independent government institution that has private aspects. The System is not a private organization and does not operate for the purpose of making a profit... The Federal Reserve System's unique structure also provides internal checks and balances, ensuring that its decisions and operations are not dominated by any one part of the system.[41] It also generates revenue independently without need for Congressional funding. Congressional oversight and statutes, which can alter the Fed's responsibilities and control, allow the government to keep the Federal Reserve System in check. Since the System was designed to be independent whilst also remaining within the government of the United States, it is often said to be "independent within the government.

go learn something: http://www.federalreserve.gov/pf/pf.htm

central banks enact monetary policy for the good of the country, they arent there to make a profit.

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Originally posted by pkcRAISTLIN go learn something: http://www.federalreserve.gov/pf/pf.htm central banks enact monetary policy for the good of the country, they arent there to make a profit.

so please, tell us doombot. what is the role of the federal reserve?

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Originally posted by pkcRAISTLIN so please, tell us doombot. what is the role of the federal reserve?

No, you are right. They exist and operate for the good of the country.

Fuck...

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central banks enact monetary policy for the good of the country, they arent there to make a profit.

LOL

What their role should be and what they are actually doing are two very completely different things, hence the need for the Transparency Act.

The FED returned roughly 500 billion dollars earned in 2008 from interest to the US government which may seem like a lot but it is nothing compared to what they are taking in due to their "operational costs" which is the culprit/loophole.

The total interest earned for 2008 was around 2-2.5 Trillion dollars, leaving roughly 1.5-2 Trillion dollars which was simply stolen from the people.

By spending this money they do not have to claim it as profit and pay taxes on it. They do how ever get to buy jets, build skyscrapers and pay huge bonuses to executives.

Essentially they burn the money (Trillions every year) which should be funneled back into the country and do not pay taxes while using it either.

It is really not that hard to figure out and it's one hell of a nasty scam which has ruined the USA from it's inception.

If someone can provide a link or a US government balance sheet showing this excess of 2 Trillion dollars or so flowing back into the economy now would be the right time because as per 2008 the FED returned only 500 Billion of the 2.5 Trillion it earned in interest.

http://www.fms.treas.gov/mts/mts1108.pdf