What is Digg?154 Comments
- Acrinimiril, on 11/21/2008, -4/+84End the Fed, but don't replace it with anything.
Follow the law. - Netzorro, on 11/21/2008, -4/+83End the FED and end the debt cycle.
- JKap, on 11/21/2008, -3/+77To Hell with the Fed and their two-party dictatorship..
- inactive, on 11/21/2008, -3/+57Where are the antilibertarian whiners?? They're losing their touch!!!
- sheeplescareme, on 11/21/2008, -2/+52i'm in. if you cannot get to a fed near you, consider doing something in your hometown. hold sign waves and pass out informative fliers and dvd's (you can make dvd's cheaply and easily by lifting clips off yt, if need be). my group does them every saturday and you would be surprised at the response we often get.
- Beautyon, on 11/21/2008, -3/+44After you come home from the demonstrations, try a boycott Federal Reserve Notes. Replace all your savings and cash with gold and Swiss Francs. Stop using their notes and they lose their power. Its like a nation addicted to crack cocaine. Break the habit and the drug dealer goes broke.
Which is exactly what you want....right? - PaulSupporter, on 11/21/2008, -1/+40Headed to the Boston rally! Hope to see MANY of you there! It is of utmost importance to get the word out of the criminal entity, the Federal Reserve. Too many sheeple just don't get it.
- emazur, on 11/21/2008, -3/+42You can get a free e-book (like a condensed version of Creature from Jekyll Island) called "Meet the System" here:
http://www.joeplummer.com/meet_the_system.html
click where it says "click here" to get the PDF
I'm going to Portland but I'm wondering whether or not I should maybe put on a hat and glasses to disguise myself: check out this video from a previous protest:
http://www.youtube.com/watch?v=YeEsIm-V1ZA - tajitj, on 11/21/2008, -2/+39Thinking about going to the Dallas one in my Army formal uniform like some email suggested.
- inactive, on 11/21/2008, -3/+38emazur - good point - it is a sad day when one has to disguise themselves because of the fear of backlash that one will get!
However, they are taking names you can bet your bottom dollar on it. And when the time comes those people will be rounded up first and sent to the FEMA Civilian Labor Camps that are operational, fully staffed and funded courtesy of Haliburton. - Acrinimiril, on 11/21/2008, -3/+37The Fed doesn't need to be replaced with anything. The law of the American people already states;
The Congress shall have the power to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures, and to provide for the punishment of counterfeiting the securities and current coin of the United States.
No money shall be drawn from the Treasury, but in consequence of appropriations made by law; and a regular statement and account of the receipts and expenditures of all public money shall be published from time to time.
No State shall coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts. - emazur, on 11/21/2008, -1/+34Federal Reserve Roundup Post:
Congressman D. Kucinich: Repeal the Fed, Impeach the Prez:
http://www.youtube.com/watch?v=BcVjPo0luBs&feature ...
Nevada GOP platform: "We support the repeal of the Federal Reserve Act":
http://www.nevadagop.org/About/Default.aspx?Sectio ...
Nader VP Matt Gonzalez says abolish the fed:
http://www.vanityfair.com/online/politics/2008/10/ ...
Idaho GOP wants to abolish Federal Reserve:
http://redstaterebels.typepad.com/redstaterebelsne ...
Steve Forbes calls for drastic reduction of Fed:
http://digg.com/business_finance/Steve_Forbes_call ...
Former Georgia congressman and 2008 Libertarian Presidential Candidate Bob Barr calls to end the Fed:
http://libertymaven.com/2008/05/31/bob-barr-soundi ...
Investor Jim Rogers call for end to Fed:
http://www.youtube.com/watch?v=AwIncF3yrpQ
Peter Schiff blames the Fed on economic crisis:
http://www.youtube.com/watch?v=Je0jARsDbjw
A phone call to the Fed:
http://digg.com/business_finance/A_Phone_Call_To_T ...
Federal Reserve spokesman speaks out:
http://digg.com/business_finance/Meet_the_Federal_ ...
Fractional Reserve Banking versus Ayn Rand's Ethics
http://www.youtube.com/watch?v=OWnhX2koVEc
Greenspan in 1966 blames the Fed's mismanaged policies for Great Depression:
http://www.321gold.com/fed/greenspan/1966.html
Whether or not you believe in any conspiracy theories, keep in mind that Federal Reserve policies reward the politician by allowing him to "give" his constituents more without increasing taxes, thus increasing his chance for reelection, but punish both the saver and the investor. Printing fiat currency causes inflation and savers are hit the hardest by this. Those who try to beat inflation become investors - they may try their hand in the stock market, but look how the Federal Reserve lending practices caused the price of stock to plummet in the recent economic crisis, nearly wiping out people's life savings. Inflation and mismanaged policies are felt by everyone and are reason enough to oppose the Federal Reserve.
"‘A government big enough to give you everything you want, is strong enough to take everything you have..."
-Thomas Jefferson - inactive, on 11/21/2008, -6/+31I wish we had a census to find out how many people are with us and how many are going to go like sheepies. When martial law comes about, it would be nice to have a huge list of contacts all over the country so we can reorganize and begin the revolution!
- digitronix, on 11/21/2008, -2/+26It's about time people realize that the Federal Reserve is ENTIRELY to blame for the economic collapse right now. You can't blame Democrats, Bush or Republicans. There is no other blame except for the Federal Reserve.
- s35wf, on 11/21/2008, -2/+25"I Killed the Bank" Andrew Jackson
"We must beware of secret socities" JFK
END the FED!
NO REAL ID! - adam1mc, on 11/21/2008, -1/+23Denver FED anyone?
- Acrinimiril, on 11/21/2008, -0/+22International banks, which are part of, or own the Fed are the top contributors to both major political parties and candidates.
The banks control who gets elected through the money they print. - WhatNWO, on 11/21/2008, -2/+23End the Fed. End perpetual debt to the banks!
http://www.youtube.com/watch?v=5cL5Ik_7lG8 - sheeplescareme, on 11/21/2008, -1/+21psst-
i know. that's why i questioned the comment. it is not a two-party system, but one incredibly corrupt party with two very ugly heads. - Jeezopete, on 11/22/2008, -3/+22Dear Santa,
End the Fed
Gold
Silver
Food
Guns & Ammo
I have been a good girl! ; - ) - Acrinimiril, on 11/21/2008, -0/+18Well, maybe the comment will help someone.
- Acrinimiril, on 11/21/2008, -1/+19Make sure to unfriend them and all their friends from your shouts, or they will be hear soon.
Just browse their friends and unfriend anyone that you may have mutually friended. - sheeplescareme, on 11/21/2008, -2/+20shhh...they'll hear you!
- emazur, on 11/22/2008, -1/+18Judging by some of the negative replies here I see there are some naysayers from the bury brigade who never even bothered to watch or read any sources I posted, despite the many links I provided and despite my attempt to show the Federal Reserve issue crosses party lines and crosses ideological and business beliefs. Nonetheless, I will attempt to address some of the concerns here, despite the fact that most will not listen or read more than 2 or 3 sentences before a short attention spans kick in and they go about wasting time on myspace or whatever or go directly into hurling more insults my way . So this information is for those few with a genuine interest in changing the status quo.
PART I: DID THE FED CAUSE THE SEPTEMBER COLLAPSE OR IS THIS SCAPEGOATING BY PIMPLY FACED YOUTUBE EDUCATED IDIOTS?
I guess this depends on whether or not you consider Steve Forbes to be a pimply faced youtube educated idiot. If you don't consider him so, why not watch this short 3 minute video clip of Steve Forbes explaining the meltdown:
http://thesaloon.net/blog/_archives/2008/10/25/394 ...
Hell I transcribed a few sentences for you that you can use for reference.
"I think it begins with our own central bank, the Federal Reserve, which 4 years ago created excess liquidity, created excess money, that created global excess liquidity, started the commodities boom and really destructively spilled over into the housing market, where everyone figured "why not let lending standards come down, after all housing prices always go up don't they?" So that started it. The Fed created the conditions for the bubble and everyone participated in it. It wasn't just banks and lenders, new players in the game, Wall Street participated too. You saw the same thing happen all over the world - package these things, spread them all over the place - securitization. So it became a global mania, a global bubble... We had two entities here, Freddy and Fanny... helped fuel this thing - underwrote a trillion dollars worth of less than prime mortgages"
And I guess it also depends on whether or not you consider Ron Paul to be a pimply faced youtube educated idiot, when he mirrored Forbes thoughts and wrote:
http://www.lewrockwell.com/paul/paul494.html
"At least 90% of the cause for the financial crisis can be laid at the doorstep of the Federal Reserve. It is the manipulation of credit, the money supply, and interest rates that caused the various bubbles to form. Congress added fuel to the fire by various programs and institutions like the Community Reinvestment Act, Fannie Mae and Freddie Mac, FDIC, and HUD mandates, which were all backed up by aggressive court rulings."
So is it fair to blame the crisis COMPLETELY on the Fed? No, in fact here's a great little article demonstrating the American people have a part in the crisis by buying oversized houses and SUV's they didn't need:
http://www.delsquacho.com/blog/wp-content/cache/su ...
But to be sure, the Fed and the government deserve a lion's share of the burden for dangling the carrot of cheap credit in front of the American consumer. Here is the opinion of Peter Schiff, president of EuroPacific Capital and Ron Paul's economic adviser during his 2008 campaign for the White House:
http://jglobal.blogspot.com/2008/06/peter-schiff-o ...
"What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a disregard for risk management that pushed asset prices above rational levels. Should we blame the private sector for taking advantage of all the cheap credit, or the Federal Reserve for supplying it? If a kindergarten teacher passes out handfuls of Pixie Sticks, and then leaves her classroom unattended for several hours, should we blame the five year olds for the hysteria that ensues?"
Schiff, coincidentally, was the man of dead on predicted the September '08 meltdown well before it happened:
http://www.youtube.com/watch?v=MoSwkCog-Ro&feature ...
but perhaps he too, is a pimply faced youtube educated idiot.
PART II: UNEDUCATED IDIOTS!!! WHEN THE GREAT DEPRESSION HAPPENED, WE WERE ON THE GOLD STANDARD!!! THE FED IS NOT TO BLAME, AND GOLD IS FLAWED!!! OR IS IT...
I don't even need to type anything here, if you had just read SOME of Greenspan's essay from 1966 (this was back in the day before he became a ***** who abandoned Ayn Rand's laissez-faire capitalism) you'll see exactly how the establishment of the Fed created a devastatingly harmful credit based currency in addition to the gold standard which was already in place. Said Greespan:
"Technically, we remained on the gold standard; individuals were still free to own gold, and gold continued to be used as bank reserves. But now, in addition to gold, credit extended by the Federal Reserve banks ("paper reserves") could serve as legal tender to pay depositors.
When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates. The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world, in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market-triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930's."
PART III: I AM A SHEEPLE. I'M STILL NOT CONVINCED ANYTHING IS WRONG, AND THINK THE FEDERAL RESERVE SYSTEM IS JUST FINE AND DANDY
By supporting the Federal Reserve, you are supporting fiat currency (paper money backed by nothing). Well, actually that's not quite true, it is backed by the government's ability to tax you. It is no coincidence that when the Federal Reserve was established in 1913, that same year the income tax was imposed upon us. Are you fine and dandy with paying the income tax or fine and dandy when paying hefty penalties for misunderstanding a monstrously complicated tax code or when an IRS agent gives you incorrect information that you trusted was correct but results in an audit? If you're confused about what our fiat currency, the US dollar, is backed by, take a look at these 2 items. You wouldn't have to read this if you had bothered reading any of my original links:
A) SHORT EXPLANATION - A PHONE CALL TO THE FED:
CALLER - Are Federal Reserve Notes backed by anything?
MR. SUPINSKI-Yes, by the assets of the Federal Reserve but, primarily by the power of congress to lay tax on the people.
CALLER - Did you say, by the power to collect taxes is what backs Federal Reserve Notes?
MR. SUPINSKI - Yes
B) LONGER EXPLANATION - ALAN GREENSPAN IN 1966:
"But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline-argued economic interventionists-why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely-it was claimed-there need never be any slumps in business. And so the Federal Reserve System was organized in 1913. It consisted of twelve regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled, and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government."
PART IV - I DON'T TRUST GREENSPAN OR THE FREE MARKET! HE SAID HIMSELF HE MADE A MISTAKE IN THINKING THE MARKET WOULD CORRECT ITSELF
I did say there were 2 Greenspans didn't I? You can reasonably trust the Greenspan during his pre-***** years. But during the last 20 to 30 years, he became a ***** who mismanaged the Federal Reserve and instead of directly blaming himself, in a final act of betrayal he blamed his faith in the free market. I don't have time to convince you why his "admission" of a mistake was a complete farce, so why don't you take a look at a few articles on the web and judge for yourself. I'll get you started with a couple:
http://www.capmag.com/article.asp?ID=5340
http://www.washingtonpost.com/wp-dyn/content/artic ...
PART V: OUR "FIAT CURRENCY" DOLLAR IS STRONG! IT WILL NOT COLLAPSE, AND NEITHER WILL OUR ECONOMY UNDER THE FEDERAL RESERVE... RIGHT?
Those pimply faced, you tube educated internet conspiracy theorists at the BBC don't seem to think so:
http://news.bbc.co.uk/2/hi/business/7684397.stm
But surely this guy and his rantings on Fox Business are always wrong:
http://www.infowars.com/?p=5938
And this guy we already know will be wrong as usual, right?
http://www.boom2bust.com/2008/11/21/peter-schiff-t ...
PART VI OK, MAYBE I'M A LITTLE CONVINCED ABOUT ALL THIS FEDERAL RESERVE CRAZINESS...
Well first you have to get mad:
http://digg.com/political_opinion/Turn_Off_Your_TV ...
And then start doing something about it. Personally, I go for the Ron Paul movement:
http://www.campaignforliberty.com/
and the Libertarian Party
http://www.lp.org/
but like I said the issue of the Federal Reserve crosses party lines. Whatever action you take, make sure it is not inaction. Now excuse me, I'm not gonna write about this any further, I'm going to take action by participating in a protest. Good luck with whatever you decide to do. - inactive, on 11/21/2008, -5/+22
Replace the Fed with a National Economic Jubilee System ! - mercuryswings, on 11/21/2008, -1/+17Right on tajitj - are you still in, or did you get thrown out like I did for being a little too outspoken? :)
In Liberty, Zak Carter - sheeplescareme, on 11/21/2008, -1/+16two-party?
- kemp34, on 11/21/2008, -1/+16"So this is where the basement-dwelling tinfoil-hat nutjobs go on their saturdays."
You are free to say such things. I am free to call you an ignorant hater. - kemp34, on 11/21/2008, -1/+15But of course, sir. You further prove to aware individuals that you are either a liar or a fool. Dishonesty and folly are not quality traits!
- kemp34, on 11/21/2008, -2/+16Onetimer, here is a definition of trolling via wikipedia:
"An Internet troll, or simply troll in Internet slang, is someone who posts controversial, inflammatory, irrelevant or off-topic messages in an online community, such as an online discussion forum or chat room, with the intention of provoking other users into an emotional response[1] or to generally disrupt normal on-topic discussion."
You entered a string on a rally to end the Fed, and proceeded to make this comment:
"So this is where the basement-dwelling tinfoil-hat nutjobs go on their saturdays. I guess they have nothing else to do.
Don't forget to take some pictures. Should be even funnier than the ~5000 person "15000 strong r3v0luti0n rally!"
I would call this a controversial and inflammatory comment intended to invoke an emotional response. This was a textbook troll.
In numerous threads you provide textbook definitions of trolling. I am truly sad for you that you devote so much of your time here on earth as a digg troll. It is truly sorrowful. - kemp34, on 11/21/2008, -5/+18Can't speak for every individual who will be there, but I work in business valuation and consulting, coach high school football, operate an economics/politics/social observation blog, live with my girlfriend who is a children's oncology nurse, and truly believe in doing what is right for the people of this country. I will be there as will many others who are just as productive and well-rounded in their lives. Hopefully hateful, anti-limited-republic trolls such as yourself will allow folks to rally in peace against an entity that has seriously plundered the long term wealth of the U.S. citizenry.
Keep going though with your false messages of hate. - kemp34, on 11/21/2008, -3/+16Anyone who trolls for entertainment (at best) is clearly controlled to some significant degree by hate.
If you try to deny that you troll, I refer you to the above post that started this string. Clearly a textbook example of trolling. - chirhonius, on 11/22/2008, -2/+14 Guy Fawkes mask engaged
- Acrinimiril, on 11/21/2008, -0/+12No just making a comment.
- inactive, on 11/22/2008, -2/+14We The People MUST end the Fed, and demand our government and financial system obey the law.
Legally, Constitutionally, and Physically, What is a dollar? Watch and learn!
http://www.youtube.com/watch?v=1FiaUpeJxcA
http://www.youtube.com/watch?v=FbyQB8e-rQg - inactive, on 11/21/2008, -3/+15Don't feed the trolls - they'll have you banned for "hate" speech, bigotry or racism, etc................
- SilverisKing, on 11/22/2008, -2/+14I will be at the Mpls. rally.
- Acrinimiril, on 11/21/2008, -2/+14Let's all report onetimer as a troll, using the wiki definition.
Use the "Contact Us" link at the bottom of the page. - sheeplescareme, on 11/21/2008, -2/+14fair enough. get enough on this thread along with a high digg count and it may show in upcoming right away.
- sheeplescareme, on 11/21/2008, -3/+15i don't have a tinfoil hat (though i am wearing a darling knit beret right now), i hate basements (they're always cold and i am scared of spiders), and i spend every saturday outdoors.
- sheeplescareme, on 11/21/2008, -3/+15you are a troll because you spend a great proportion of your digg time posting nonsensical remarks about things you claim to hate and on any article that you don't agree with.
- inactive, on 11/22/2008, -1/+12I see this thread has been infected with the losers and liars and people who have no life.
They truly are pathetic.
The fact is it is our duty to limit our exposure to the fiat currency which has lost more than 90% of its value since the fed started printing them.
The last time the fed caused a depression(admitted by Bernanke) they took our gold.
They will have one hell of a time doing it again. Unlike the last depression, we are not trusting the government.
The number of people who trust the government and think the government is doing a good job dwindles with each action by the fed or Congress.
If you like having some secret meeting decide how our economy will be and if you want your life controlled by unelected people, by all means support the fed.
Those who are here supporting the fed are probably either heavily invested in stocks and are hoping for a rally or they are dead broke and have huge debt and are on here pretending to be rich CEO's and doctors and war heroes.
- sheeplescareme, on 11/21/2008, -2/+13domestic terrorist? i kinda like that one. maybe i should put it on a shirt!
Domestic Terrorist,
Brought To You By The Patriot Act
put it over a fading photo of the bill of rights and i'm good to go! - sheeplescareme, on 11/21/2008, -3/+14didn't get the joke, eh?
- Acrinimiril, on 11/21/2008, -2/+13It's already there! #5
:) - Acrinimiril, on 11/21/2008, -2/+13Part 2 is worth watching too:
http://www.youtube.com/watch?v=QqiiHxQjTa8 - kemp34, on 11/21/2008, -4/+14The meetup organizer in my area is a Chinese-American.
- sheeplescareme, on 11/21/2008, -2/+12@emazur-
why bother? though they tape the events intently there are travel records, internets records, phone records, charge card trails, etc. i have been to more protests than i can count, i've been picked up in mass arrests, and i still go back and i never hide. i'm not doing anything illegal, just exercising my civil liberties, and i am quite happy and proud to do so. if there is a naughty list for patriotic individuals, i am already on it, as are you, i'm sure. - inactive, on 11/21/2008, -5/+15hahaha who negatively dugg this comment without a reply??? pathetic.
- inactive, on 11/21/2008, -2/+12"naughty list for patriotic individuals" LOL
Seriously - the "patriotic individuals" have been labeled Domestic Terrorists" and/or "combative dissenters" by the Patriotic Act. -
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