What is Digg?295 Comments
- inactive, on 11/10/2008, -6/+164***** the Fed. Furthermore, ***** any government official that doesn't play an active roll in returning transparency. These corrupt ***** want us to pay taxes and FULLY DIVULGE INCOME.
GOOSE=GANDER
*****! - redcolumbine, on 11/10/2008, -3/+125This whole mess was CAUSED by massive financial institutions being immune to law. How is this any different?
- lazerus9, on 11/10/2008, -2/+68We need to become the "Teeth" of the constitution.
- 55mph, on 11/10/2008, -4/+70transparency my azz. where's M3?
- avengingturnip, on 11/10/2008, -2/+66Are you surprised? There is a fifth amendment right not to incriminate yourself in a crime.
- retinalfetish, on 11/10/2008, -1/+50FTA: "It's your money; it's not the Fed's money," said billionaire Ted Forstmann, senior partner of Forstmann Little & Co. in New York.
Wrong.. it's our debt, which is much much worse. - inactive, on 11/10/2008, -7/+53Kill the FED! End of problem
- davebg8r, on 11/10/2008, -8/+42While you were busy making childish quips, Ron Paul was providing a solution to the problem.
- Beautyon, on 11/10/2008, -2/+36The majority of people on Digg knows what M3 is.
They think that dollars are money.
They believe Change is coming.
Theres a joke in there, but I just cant pull it out. - Richandler, on 11/10/2008, -9/+42Seriously you "millions" of Obama supporters need to send endless letters and emails to this would be President and ask for him to at least pursue auditing the Federal Reserve.
- akchrs, on 11/10/2008, -9/+40Why won't Obama respond!!
"President-elect Barack Obama's economic adviser, Jason Furman, also didn't respond to an e-mail and a phone call seeking comment from Obama. In a Sept. 22 campaign speech, Obama promised to ``make our government open and transparent so that anyone can ensure that our business is the people's business.'' - slantyeyed, on 11/10/2008, -2/+32ok, obama. here's your first test. now, where's the change we need?
- ccL1, on 11/10/2008, -3/+29You know, the funny thing is that "transparency" is always stressed when the IMF and World Bank make loans to countries. In fact, if your financial institutions and central banks aren't transparent, chances are you won't even get a loan.
Yet the Fed is going against policies that the US government itself stressed on poor third world countries.
What a great way to show policy consistency. - inactive, on 11/10/2008, -1/+25How many times can the Fed rob Americans before there are riots in the streets?
- Rothbardosaurus, on 11/10/2008, -4/+27Fed: "Quick! Give me fifty dollars or your car wil explode!"
You: "Okay, please save my car!"
>BOOM<
You: "Hey, my car exploded, what did you do with my money?"
Fed: "***** off!"
They howled that if we didn't give them the money ASAP we would all die the next day. Now that they have it, they won't tell us where it went. And nothing has been done for the economy.
Are the people ready to face the fact that this was a heist yet? That Barack Obama voted for? - normalkid0615, on 11/10/2008, -2/+24God Bless America - Land of secrecy
- drex8, on 11/10/2008, -1/+23And in other news, Fed kicks in another extra $40 billion in loans for AIG "almost doubling the initial bailout of less than two months ago as the insurer burns through cash at a record rate." http://www.bloomberg.com/apps/news?pid=20601087&re ...
Add to that, more happy news for Banks, "Treasury Secretly Gave Big Bonus To Banks While Nation Debated Bailout."
As Washington Post points out http://www.washingtonpost.com/wp-dyn/content/artic ... While "In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.
But corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion.
The sweeping change to two decades of tax policy escaped the notice of lawmakers for several days, as they remained consumed with the controversial bailout bill. When they found out, some legislators were furious. Some congressional staff members have privately concluded that the notice was illegal." - kanabiis, on 11/10/2008, -2/+23How dare we demand to know where OUR money has gone.
Look, the Federal government has put every taxpayer an additional 6086 dollars in tax debt on top of the 30k dollars we are all born with to begin with. Debt it should be noted, that we overwhelmingly asked not to be put in.
It is an absolute crime that the Federal government constantly denies accountability to the very people who put them in power. This is not a partisan issue, this is an absolute failure on both parties. Until the American people wake up and realize exactly who is really in charge of these people, they will continue to ***** on us and expect us to beg for more.
Now the auto industry is asking for your money, who is next the record industry? Hollywood?
These bailouts are the very reason why Capitalism is failing in America. The only thing these bailouts serve to do is continue to allow these industries to refuse to change the very reasons why they are failing. Government intervention is anti-capitalist, anti-market and anti-competitive. While we continue to slip into a recession, it is patently obvious that the Federal government is doing its best to insure this decline, all the while lying to the people by claiming that they are trying to prevent it.
WAKE UP AMERICA!!!! Your leaders are setting you up for failure. - omegaant, on 11/10/2008, -7/+28I don't think this secrecy will prevail - Bloomberg, et. al. are pursuing transparency - the big dogs are fighting with the big dogs now - we all need to stop being alarmists and try to relax and put a little positive energy into the country and the planet now - people are waking up!
Remember to breathe! - MedicalMatt, on 11/10/2008, -0/+20I think most people read the whole article. I did. Without transparency there is no accountability. That's our money.
- inactive, on 11/10/2008, -0/+20It isn't just "Obama supporters" that should pursue this. All citizens should email the President elect (not "would be president") and urge complete transparency. I would say contact Bush - but hell we've been doing that for eight years and have ***** to show for it.
- jaynyc, on 11/10/2008, -0/+20Lucky for us, there is a finance geek that calculates M3 and other "true" metrics from the component numbers that the Fed still reports...
http://www.shadowstats.com/charts_republish#m3 - inactive, on 11/10/2008, -4/+23We have the most ***** up monetary system in the world because of the Fed. I have no idea how much longer the dollar can sustain itself anymore.
- odigity, on 11/10/2008, -1/+20They stopped reporting M3 in 2006. Because they don't want us to know.
Look, it's really about time everyone grew up and figured out that the government *doesn't care about you*. Everything you see in the media, and learn about in public schools, is called *propaganda*.
What's happening now is simply an acceleration of what's been happening since the beginning - looting of the public by the political class. It accelerates at the end because the political class have access to the real books, and know that the system will collapse during their reign, so there's no reason to restrain themselves anymore.
It's all explained here - this guy rocks, you should check out all his videos: http://www.youtube.com/watch?v=XBT052jHnmE - sindex, on 11/10/2008, -1/+20... In Ben Bernanke's pocket.
- FolkTheory, on 11/10/2008, -0/+18yeah except theyre using public money. i want to see figures right now.
- lizardspy, on 11/10/2008, -1/+19This is madness!
- reeljerc, on 11/10/2008, -0/+17And who's surprised?
- LemonHerb, on 11/10/2008, -1/+18Shut those mother ***** down!
- DukeLeto2, on 11/10/2008, -3/+20The FED is not the government! Why should they bother being transparent?... Just because we're bankrolling this boondoggle on our collective future?
- odigity, on 11/10/2008, -3/+18Look, it's really about time everyone grew up and figured out that the government *doesn't care about you*. Everything you see in the media, and learn about in public schools, is called *propaganda*.
What's happening now is simply an acceleration of what's been happening since the beginning - looting of the public by the political class. It accelerates at the end because the political class have access to the real books, and know that the system will collapse during their reign, so there's no reason to restrain themselves anymore.
It's all explained here - this guy rocks, you should check out all his videos: http://www.youtube.com/watch?v=XBT052jHnmE - jaynyc, on 11/10/2008, -1/+16@mrmontrose:
In the same vein, it could be said that during a financial crisis, corporations should not be required to publish their earnings numbers and future outlook as it may signal weakness and cause a massive sell off on Wall St.
Scott Talbott is a ***** idiot and needs to look up the definition of capitalism. - hugolp, on 11/10/2008, -0/+14The M3 is the amount of dollars that the FED has put in circulation. The FED stoped giving that data a year ago (aprox), with the excuse that its imposible now to count how much dollars they are printing. The reality is that they want to hide the enormous quantity of dollars they are printing to go through this crisis.
- hugolp, on 11/10/2008, -2/+16Are you comparing the power of the FED to the power of Bloomberg?!?!?! XD XD XD Sorry, but thats too funny. The FED is the real power that rules america.
- Dustin00, on 11/10/2008, -5/+19Cuz he's not president yet -- he's currently working hard to figure out his cabinet members.
And they probably only waited an hour before publishing to the web.
Obama refuses to be rushed -- he's always carefully studied the issue to craft an intelligent response and not just shoot from the hip like McCain picking a VP. - inactive, on 11/10/2008, -2/+16Yeah ... one of the issues Constitutionalists have with the IRS and income tax is that you're required to waive your 5th amendment rights in disclosing every detail of your financial life, and suffer criminal penalties if you don't. Not only is the tax unconstitutional, but so is the method of collection. Considering this is a criminal organization, why would we expect anything else?
- dracostimpy, on 11/10/2008, -0/+13Does one ask how God makes a flower? Does one ask Poseidon how a whale navigates the open seas? Does one ask David Blaine how he hangs upside down for a week?
The lesson I'm trying to teach, Rothbardosaurus, is that some things defy explanation but are nonetheless beautiful in their perplexing perfection. One mustn't ponder the actions of the Fed, for it is well enough that we sit in awe and rejoice at their mastery of economics. - bdmitruk, on 11/10/2008, -3/+16Madness?? THIS IS AMERICAAAAAA!!!
- jotchie, on 11/10/2008, -3/+16Rename the Federal Reserve to "We're actually located on Islands outside of the United States so we don't have to comply with your laws."
- homer4199, on 11/10/2008, -1/+13I knew this ***** was going to happen. *****'EM!
- phstrat, on 11/10/2008, -1/+13$2 Trillion = $6,666.66 per man, woman, and child in the USA!!!
"All tyranny needs to gain a foothold is for people of good conscience to remain silent".
Thomas Jefferson - Beautyon, on 11/10/2008, -6/+18***** transparency; if you knew the names of the recipients of the money, how would that stop them from taking it and hoarding it?
The whole thing is unconstitutional and immoral from the start.
You need to convert all your Federal Reserve Notes into real money, and tell your friends to do so also. THAT is the only thing that will stop this; to bleed the Fed of its power one citizen at a time.
No demonstration, no shouting, no act other than to dump the Federal Reserve Notes for real money, en masse.
There would be nothing they could do to stop it...
Oh wait, Peter Schiff says that exchange controls are DEFINATELY on the way.
Once everyone wakes up to the death of the Dollar, they will make it ILLEGAL for you to exchange your Federal Reserve Notes for any other currency or form of money.
You have been warned. - pstroll, on 11/10/2008, -1/+13Banking is a ultimately a confidence game. If the institutions and amounts were made known, then we would've seen some of the big whales go under.
- blacktriangle, on 11/10/2008, -5/+17Ron Paul 1 Barack Obama 0
- DiscoLando, on 11/10/2008, -2/+13The citizenry needs to keep up the pressure on the Fed. Even though many of us would like them to disappear forever, for starters we need to keep their feet to the fire and over time (hopefully) a majority of the country will see them for what they are.
- flaterates, on 11/10/2008, -2/+13Liars, crooked scum sucking bastards.
- BlacklabelSAR, on 11/10/2008, -1/+12At least people are learning about the Federal Reserve, Fractional Reserve Banking, and how money is created in our debt based system. It is a complete scam front to back.
- mcsenget, on 11/10/2008, -0/+11link?
i find that hard to believe but i'd like to see it. - sockpuppets, on 11/10/2008, -1/+11Kevin Federline must die!
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