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205 Comments
- GhostyBoy, on 12/14/2007, -1/+72The central banking system is the source of power for the global elite. Create an alternative currency (preferable backed by something that isn't paper) and the whole system dissolves.
That's why the Liberty dollar was raided. They will not take any chances on anything that might threaten the money monopoly. If you want real freedom, take the money power away from the international bankers. - stealthc, on 12/14/2007, -3/+57This needs to be common knowledge.
- PongGod, on 12/14/2007, -6/+53Another classic example of the government creating problems that require more of their actions to "fix".
- JamesMadison, on 12/14/2007, -8/+55Be sure to read 'The Creature of Jekyll Island' by G. Edward Griffin, his finest work.
- MasterThief117, on 12/14/2007, -4/+50I learned this in my high school government class. I had an awesome teacher who refused to teach the way the county wanted him too.
Hopefully more people will watch this and actually understand it. Ignorance is not an excuse. - brucemuir, on 12/14/2007, -5/+51One reason to vote Ron Paul.
- Truzseeker, on 12/14/2007, -4/+40Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank’s nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors. 12 U.S.C. Sect. 301. The directors enact by-laws regulating the manner of conducting general Bank business, 12 U.S.C. Sect. 341, and appoint officers to implement and supervise daily Bank activities. These activities include collecting and clearing checks, making advances to private and commercial entities, holding reserves for member banks, discounting the notes of member banks, and buying and selling securities on the open market. Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)
- thekak, on 12/14/2007, -1/+17No *****, wake up.
- inactive, on 12/14/2007, -0/+16I thought it was funny you said "money monopoly" ......I read it as "monopoly money" which it is as well
- gibbwake, on 12/14/2007, -0/+13Another great documentary on this subject, Money Masters. It goes through the entire history of banking and explains in detail who took over our country through banking, how it happened, and who the key players are: http://video.google.com/videoplay?docid=-515319560 ...
- nazgulnarsil, on 12/14/2007, -0/+13to the morons saying that the fed does a good job:
why then has interest run rampant and the dollar lost the majority of its purchasing power?
I guaran-damn-tee you that when the dollar was tied to gold the economy was more stable. ever hear of the great depression? the great depression was the result of the fed experimenting with the economy. the fed jacked up rates, all the investors were scared off, and the economy plunged. PEOPLE STARVED TO DEATH BECAUSE THE FED DECIDED TO JACK UP INTEREST FOR THE BENEFIT OF THE BANKS. having oversight on the money flow isn't what's in question here, what is in question is why we give these people the power to control the ups and downs of the economy. There needs to be checks and balances in the Fed system, anything out of the public eye is open to corruption. One of the greatest faults of the constitution (and this was lamented by Thomas Jefferson) was that it contained no provisions for true economic democracy to go hand in hand with political democracy.
the founding fathers warned of the pillars of finance coming together and rendering the government's power moot. the banks, the money supply, and wall street were supposed to remain separate. - Cedargrove, on 12/14/2007, -3/+16For anyone who found this interesting and didn't know much about it, check out information the Council of Foreign Relations (CFR) to see how Rockefeller and the global elite is "helping" our foreign policy.
http://en.wikipedia.org/wiki/Council_on_Foreign_Re ... - ekravchenko, on 12/14/2007, -1/+13He explained it extremely well :) I'm enjoying this. Knowledge is power :)
- GhostyBoy, on 12/14/2007, -2/+14That made me laugh. Unfortunately many are in denial or ignorant about this. Everyone needs to be aware of it for real change to occur.
- Look4Truth, on 12/14/2007, -0/+12They're bankrupting this country very quickly. I hope you guys are getting out of the market and the crashing dollar and finding something safer. Eventually, the whole house of cards is going to come tumbling down, the only question is when. There's no time to spare, get out of the markets and the dollar fast! Don't say I didn't warn you!
This is just a small section of what's coming out! Seriously folks, you better research NOW before you lose everything!
http://www.nypost.com/seven/12132007/business/ben_ ...
http://news.yahoo.com/s/nm/20071213/bs_nm/economy_ ...
http://www.fool.com/investing/general/2007/12/11/t ...
http://www.reuters.com/article/marketsNews/idCAT13 ...
http://www.nytimes.com/2007/12/13/business/13fed.h ...
http://www.breitbart.com/article.php?id=D8TGC4400& ...
http://today.reuters.com/misc/PrinterFriendlyPopup ...
http://www.financialsense.com/Market/barbera/2007/ ...
Like I said, this is just a small portion of what's going on. Research before it's too late! - MasterThief117, on 12/14/2007, -2/+13Hmm, last time I checked, you were living under a bridge, because, that is where you trolls live, right?
- inactive, on 12/14/2007, -0/+11***** yes just bought that and cant wait to read
- JonForTheWin, on 12/14/2007, -1/+12>We have the absolutely largest and best economy in the world
The dollar has lost more than half it's already diminished value in not even five years.
What're you a ***** retard? - WitchDr, on 12/14/2007, -0/+10Don't the banks, which own the Fed, create money out of nothing? Isn’t that the purpose of the fractional reserve rate?
If I receive $1 but lend out $9 that I don’t have, isn’t that creating money out of nothing?
If it's not creating money out of nothing, could you please explain where the extra money comes from? - skews13, on 12/14/2007, -2/+11the conservatives are right.the governmet is to big.lets do what we need to do to make it more manageable. abolish the department of homeland security, abolish the internal revenue service, abolish the federal reserve repeal all prohibitive laws,and stop funding enforcement of them. end the war in iraq pass, legislation that any new laws that are created,you must abolish ten
- inactive, on 12/14/2007, -2/+11Maybe you need to unlearn what you have been brainwashed to believe
- inactive, on 12/14/2007, -2/+10No, you are the idiot, and a miseducated one. Since the introduction of the federal reserve, the dollar's purchasing power has dropped to the equivalent of what 5 cents could buy in 1914. The Federal Reserve CAUSED the Great Depression by contracting the money supply by 1/3 leading up to it.
- BlacklabelSAR, on 12/14/2007, -0/+8 "When you or I write a check there must be sufficient funds in out account to cover the check,
but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn.
When the Federal Reserve writes a check, it is creating money." -- Putting it simply, Boston Federal
Reserve Bank
"We are completely dependant on the commercial banks. Someone has to borrow every dollar
we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous;
if not, we starve. We are absolutely without a permanent money system.... It is the most important
subject intelligent persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects remedied very soon."
--Robert H. Hamphill, Atlanta Federal Reserve Bank - Berkana, on 12/14/2007, -1/+9A system of money that is not based on debt but on value, and that does not permit banks to "loan" you money they don't have, that they make out of nothing, and charge you interest on.
If you want to see a very thorough but clear explanation as to what is wrong with our system of money, please watch the short animations in this series:
Money as Debt:
http://www.youtube.com/watch?v=cy-fD78zyvI - thallium205, on 12/14/2007, -1/+9Incredible book!
- TrevaLVF, on 12/14/2007, -0/+8If this topic interests you, so will the excellent movie, "America: From Freedom, to Fascism," by Aaron Russo. (Russo passed away after battling cancer earlier this year.)
- duggfunny, on 12/14/2007, -1/+8zzzzzzzzzzziiiiiiiiiiiiiiiiiiiinnnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggg!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
- thallium205, on 12/14/2007, -0/+7"I believe that banking institutions are more dangerous to our liberties than standing armies ... If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-- Thomas Jefferson - Corrosionx, on 12/14/2007, -9/+16Captain Obvious strikes again!
- thallium205, on 12/14/2007, -2/+9Why don't you read his book?
Congressman Charles A. Lindergh Sr. puts it simply, "The Federal Reserve bank buys government bonds without one penny..." - inactive, on 12/14/2007, -0/+6Money can be what ever YOU want!
Tobacco, Furs, metal coins, ammo, anything that is
Small, portable, long lasting and "worth" something to most people
Blue jeans in USSR were easy to trade for anything.
Drugs for guns for diamonds for human slaves is a common barter method used by crime to hide their income. - s35wf, on 12/14/2007, -0/+6Vote Dr. Ron Paul 2008!
He is "Hope for America" - thallium205, on 12/14/2007, -2/+7Your lack of knowledge is comical. Why dont you actually watch the video.
- King0007, on 12/14/2007, -0/+5I have been reading and reading about everything you people have posted. And I will tell you one thing...I am getting out of the US dollar. The dollar is doomed.
- iviasterlambo, on 12/14/2007, -0/+5Hi david, as an economics student you seem to be very intelligent about this issue. I believe that major concern is that the money is created out of debt. whenever the government run a deficit and "borrows" from the fed, government has to prepay the loan with interest money that does not exist. why not skip a step and just let the government print its own money debt free. the government pays a half trillion dollars in just interest every year. that is not necessary.
I'm not an economics student so correct me if I am wrong. - thallium205, on 12/14/2007, -0/+5In 1941, the governor of the Federal Reserve System Marriner Eccles was asked to explain the monetary conditions leading up to the Great Depression of 1929 to the House Committee of Banking and Currency. Congressman Wright Patman, who was the Chairman at the time, asked Eccles how the Federal Reserve got the money to buy two billion dollars worth of government bonds in 1933. The interview followed:
Eccles: We created it.
Patman: Out of what?
Eccles: Out of the right to issue credit money.
Patman: And there is nothing behind it, is there, except our government’s credit?
Eccles: That is what our money system is. If there were no debts in our money system, there wouldn’t be any money. (Heath)
I don't care if it is an economic system! The Federal Reserve operates completely out of the law of our country, as it violates our most basic document: The U.S. Constitution. Article 1, Section 8 firmly states: ‘The Congress shall have the power… (paragraph five) To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures.’ There is not even the slightest notion of authorization to delegate that power even to another government institution, let alone a private banking system! The Federal Reserve Act is felonious, treasonous, and unconstitutional from the day the beast was born, and it has not changed since. Alexander Hamilton recognized the threat of fiat money, knowing too well the corrupt central banks of Europe, and therefore states that, “To emit an unfunded paper as the sign of value ought not to continue as a formal part of the Constitution, nor ever hereafter to be employed; being in its nature, repugnant with abuses and liable to be made the engine of imposition and fraud.” This creation of “unfunded paper” is precisely what the Federal Reserve does. - cswake, on 12/14/2007, -0/+5Problem is that the purchasing power of the dollar from the start of the US to the point where the Fed took over was approximately one to one. (~130 years)
- Look4Truth, on 12/14/2007, -0/+5No sorry, it doesn't. The entire system is doomed to fail, all fiat systems do. Please watch the following, they are very informative about how destructive our system is and how it will fail.
http://www.youtube.com/watch?v=iYZM58dulPE
http://video.google.com/videoplay?docid=-165688030 ... - inactive, on 12/14/2007, -0/+4> The Federal Reserve is separate from the government for a very good reason
So then why not remove all spending/budgeting power from politicians and give it some non-elected private corporation? - plat0, on 12/14/2007, -1/+5how much does the pentagon cost us each year? thats where we should start, regardless of the war in iraq.
- spieswanted, on 12/14/2007, -2/+6there is no rebutal, cuz there is nothing you can say...
- patch6, on 12/14/2007, -1/+5The ability to tax constitutents without their knowledge, through a stealthy expansion of the money supply, is a tempting prospect for any government.
- scubasteve377, on 12/14/2007, -0/+4@provost
Are you ***** serious? It's not Congresses fault? So Congress hands the issuing power of money to a private ***FOR-PROFIT*** bank (who, just like every other business since the dawn of capitalism, has one motivation: to increase profits for their share holders), and then the government has no responsibility when the bank turns around and ***** us to increase their profits? Wow, so its not the governments fault when the telecoms abuse their customers after the FCC removed all of their competition either, right? Because in either case, there is no way for them to predict that a private business would act in its own self-interests instead of the public good, right? That's like me saying if I have no responsibility for your house burning down, even though I did happen to set your couch on fire. Brilliant ***** logic.
Let me see if I can put this simply for you. Businesses have a very predictable nature. Just like fire will burn your ass, businesses will maximize profits. Just like fire, though, this doesn't mean businesses are by any means bad or evil, it just needs to be controlled. The government is incapable of controlling corporations (although, corporations seem more than capable of controlling government, but that's for another thread). That's why ,in capitalism, the collective will of consumers in the free market provides the control. When you give a corporation the power of government (force), thats when your little campfire turns into ***** San Diego County. Whether it is something as 'benign' (comparatively speaking) as eliminating all of an ISP's competition, or something insanely ***** idiotic/corrupt, like say, turning COMPLETE CONTROL OF OUR ECONOMY over to an unaccountable banking cartel, anyone with half a ***** braincell could tell you that both scenarios are going to end badly. - hiphoc, on 12/14/2007, -0/+4Hey genious, it gets chosen from a list of people approved by the federal reserve board. Its not like "he" can just put you or me on the board.
- inactive, on 12/14/2007, -1/+5@mikemil828
Well personally I would save 3-5% of my yearly earnings from inflation. That equates to an extra $1,600 per year on a $40,000 salary.
Not to mention taxes would be reduced drastically if not void completely. - pidey, on 12/14/2007, -1/+5"To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;"
Ok, where is it in conflict? It says the government can coin money, it doesn't say that the government is the ONLY one that can coin money. And liberty dollars are CLEARLY not the money that the US mint produces, so its not counterfit. - outkaster, on 12/14/2007, -0/+39 trillion dollars debt with 4.3% inflation for January on the cpi.
Yeah, going great everything is fine here move along, move along. - livefreeordie2, on 12/19/2007, -0/+3i wish i had been taught this truth in my high school days. my teacher did me the disservice of teaching me the FRB party line. it has taken me several years to overcome the handicap of the govt lies.
- toothpot, on 12/14/2007, -1/+4 Will we hear a rational rebuttal?
- inactive, on 12/14/2007, -2/+5There's an alternative to Goverment managed Currency -- competitive currencies and / or commodity backed currency (or trading commodities to begin with). Is this less practical than what we currently have? It depends on your perspective. It's less convenient, for sure -- but are you willing to be a theft victim for a little convenience? And if so, shouldn't everyone have that choice?
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