No one is held accountable for the total destruction of the United States of America. Every system is corrupt. Congress is in on it. There is not one politician I trust. Voting will fix nothing. Psychopaths have been running our country for a very long time. People are cringing in anticipation of the next false flag. They are poisoning our air, water, food and soil. It is time to end this tyranny.
Although he is not capable of flying into space, his powers and form begin when law thinks they have the right to oppress the people 'HE OR SHE' will have the right to go in any building, in this country and hand each one a white slip! If the people within them are clearly defined as bad! When in the presence of toxic waste and pollution to the point that they can no longer be seen as JUSTUS
Like if it has been seen that this law or said laws many accumulated ones that where created from it! 'THAT' Imprison the people to be removed and anyone that objected to this new created 'OFFICIAL' Say it is me to be handed white slips also! Even if that person is a sheriff of any state!
but the ' PEOPLE' who they where sworn to protect! One that can UN-do laws that oppress people in which know what the writers of the constitution had made 'THE ORIGINAL PAPER' but that which has been amended like for instance the war on drugs ---SLASHED and DE - Activated
that place them into office! One that can use the resource given to them by the powers that be even above the president to replace said government people with people who place value in and over all life, for liberty, and above all will work for the people! Not the globalists , and the "lobbyist" either
They must find a no-body like myself that wants nothing more than a future for his child! And that has Insight and knowledge -backed by self determination and wisdom who can be given--->
'Absolute Power' to whom can fire any or all people who so much as whisper a bad word about them to anyone! To hand whit slips to these said officials with no pension either for being evil by nature and thinking of themselves over the people
Unite .together with Our Friends here and everywhere.. We r showering Divine Love and Blessings from our ~♥~-s 2 all beautiful Islands of Japan and Our Beloved Earth and Humanity ♥ safely shifting 2 The Golden Crystal Age~Happiness 2 All~Oneness Love and Light Infinite~ Thank U Beloved Mighty I Am Presence- ♥ Heaven and Earth United Us~as We R accepting this divine ~Gifts~of I AM~Oneness Love Light Supreme Infinite~The Light of God that Never Fails~in all its forms~We R Forever Flowering
Why not get rid of the fed. You can't get laws passed while there is a fed. The fed and their agents will buy off the legislators and cripple all efforts to legislation against it. The Fed is the enemy of the whole world. Its purpose is to own all the politicans and rule over all the countries in the world, create wars, and problems, so that they can fix what they broke, only to break what they fixed.
Black, Spitzer and Schneiderman would be a great enforcement team. Arm them with RICO and Asset Forfeiture. Let them loose on the Pin Striped Bandits. Other crimes of note, FraudClosure, Front Running and Naked Short Selling. All of these are Felony Fraud. So, why has the SEC given a $0.10 / dollar fine and no jail time? Selective enforcement of law is the first sign of a 3rd world country.
How about abolishing The Federal Reserve Act of 1913 and allow us to coin our own money instead of creating each dollar out of debt because the federal reserve charges us interest for every dollar created..Physically&Digitally. They aren't Federal and no one is allowed to audit them or make them do anything. If you don't believe this look into it.
with the government, the banks, the corporations, the structure of our society allows an elite few to control everything. making it slighter more difficult for them will not free us. we need to dismantle it all. we need worker-run companies, citizen-run local governments, and all manner of participatory councils. No bosses, no rulers! its time for humanity to evolve!
maybe at some point people will get it, but, the only way to ever have anything like stability is to become self sufficient, and, its not that difficult, with current technologies and methods. Works even better in groups. ..you know, that community thing. as long as our motto is consume and grow, we will continue to be unstable, just like a tumor.
And we Canadians we'll be screwed too, given the policies of Harper which consist of "Holding the Bullies' Coats"... The bullies being Israel and the USA. With Harper we will drown together.
@237Michael You are fooling yourself if you think only conservatives have this policy. Liberals, NDP and even the greens have fallen in line with this. There isn't currently a Canadian political party that has held a seat which would actually act against this.
George W. Bush was the ultimate disaster; Obama has been the ultimate failure retarding his promises to fix the disaster. The US has its foreign policy in the Middle East dictated by the Israel lobby, and its domestic policies by the "1% plutocracy" which controls the country. If the next president is any of the candidates we have seen so far, the USA will be definitely finished as the most important world power (I wouldn't even use the term 'superpower' any longer) in the next 5 years.
@TheseEyesGod for the most part you have it! theres 2 forms of the united states! theres the "united states of america" , and the "united states." The second one is reffered to as the "United States Inc" which happend under the act of 1871 or also known as Washington D.C.
Banks getting immunity for robbing trillions? While a person does not report a little extra cash, and they can go straight to jail. Something is definetely wrong here.
Now lets take a look at Alan greenspan, before ben bernanke! Alan Greenspan was a member of the "bilderberg group", "Counsil on foreign Relations", Trilateral Commission" Served as Chairman of the Federal Reserve (1987-2006), Cheif correspondent for NBC news, and a partner of Paulson & Company LLC. : )
Ben bernanke says hes a student of the great depression of 1929, and wants to fix those things so it wont happen, but he doesnt tell you that he also was a bilderberg group attendee. Conflict of interest, dont you think?
the only good new is if jp morgan failed so would the federal reserve since they are a part of it as far as drafting of it and a private shareholder of the federal reserve they created. It would be like killing 2 birds with one stone. But if bank of america and or goldman sachs failed then this would be a lehman brothers times 3!
@jdocks777 I think if Bank of Assholes fails, it will be much worse than just 3 times. It would cause the other big banks to fail as well.They all are holding trillions and trillions of dollars of derivatives, that the counter-party to the transacation are other banks, insurance companies, hedge funds, other central banks. It is like trillions of spider-webs using the same string.
@kawaiigardiner That's an idea I haven't heard before. I'm not convinced that the Fed would be any better at determining the interest rate if it were under the control of congress. The problem with central economic planning isn't that the wrong people are pulling the strings, the real problem is that it is impossible for any elite group to have all the knowledge necessary to actually do that job in the first place.
@mjbarrowful Most other countries have a central bank that is 100% owned by the public and there is a monetary policy set down, generally speaking, mandating that the central bank is to maintain inflation between 0-2% and ensure price stability. The problem with the US reserve is that it goes well beyond a narrow scope and encroaches into area such as econ growth, unemp. and so forth which should be the area of politicians and policy architects and not by those implementing monetary policy.
@kawaiigardiner Wow strange this is most other G20 currencies are keeping straight in line with the US dollar and most of them are owned by the government. So when the US inflates by say 7% so does everyone else.
Even Switzerland has been doing this. If countries hadn't been doing this you'd see their currencies rise against the US.
So how again does this prove a government central bank is "very good" at following only keeping rates at 0-2%?
@sirellyn You control inflation through interest rates - inflation is calculated based on a basket of goods. The is a downside though given that the 'basket of goods' scenario doesn't take into account substitution which can result in a higher rate of inflation being calculated when compared to what consumers are deciding to do with this money and how they're impacted by prices increasing on particular products. In the case of New Zealand our currency is the strongest it has been for over 30yrs.
@kawaiigardiner You are regarding your currencies strength mainly against the US currency, but not as a matter of how much inflation it's had. It's like saying "I'm one of the least beat up kids at school". Well good for you, but shouldn't even be getting beaten up in the first place. Thats not exactly a point of pride.
NZ has very significant inflation along with every other country. And because it's "not as bad as others" does not show the central bank is good. Its the opposite.
@TheseEyesGod You have to be kidding. Congress is a bunch of lying theives. They would rob the country blind. I would not trust the CONGRESS to walk my dog, much less do anything else.
Well, you've certainly got a good point. So first, let's vote all incumbents out. I guess maybe some of us will have to step up, so that we can get some decent, honest people to represent us. THEN, end the Fed.
@TheseEyesGod We probably could do w/out the Fed. We could use fiscal policy to provide stability and full-employment, instead of monetary policy (the only tool the establishment seems to think is OK). We still need the regulatory capabilities.
The Fed is not a corporation btw. It's a complex organization that's a mix of gov't and private member banks.
The whole govt is incorporated - even the justice system. Even the IRS.
What about the elimination of fiat currency? I wonder why we haven't heard that discussed? Well, maybe it's been done - I don't listen to the major media - but I'd like to hear it discussed. Our money isn't anything but debt. What about silver and gold backing, once again?
@TheseEyesGod You said "private corporation" which is what I was objecting to. The Fed is not private, but it does have private member banks.
A fixed-rate/commodity currency removes policy options for the nation and exposes it to a far greater degree of external pressures as it tries to maintain the fixed rate. Fixed rates have caused many disasters (recently Argentina, Greece.)
Furthermore, choosing a fixed rate is still a *political* decision and it can be changed by political processes.
@jstncbllr I should not say fixed rates "cause" the disaster. The cause is almost always some external pressure. But the fixed rate makes it impossible for a country to respond to the pressure, leading to default or the need to reset the rate.
Currency sovereignty removes these shackles. Try this link for a good explanation of the differences:
OK. When I said 'private' I was trying to distinguish from public, i.e., govt.
We have to get down to what has real value - and fiat currency does not, so whatever options it opens up for us, are no more real or long lasting than the false currency. History shows us how all fiat currencies end.
Argentina and Greece were still working with fiat currency, yes? The Euro is no more real than the dollar. It's tied to nothing real.
It gets down to "what is money." We need to see this
@TheseEyesGod I'd recommend you to look into Chartalism. Try this paper:
pavlina-tcherneva. net/Tcherneva-Chartalism.pdf
Money does not need to have intrinsic value, and historically it has not. "Value" comes from the real-world things we create.
Argentina/Greece lacked currency sovereignty. Their problems came from being *users* of currency they had no control over. This is similar to being on a fixed rate gold standard.
The US is the monopoly *supplier* of $US. There's a big difference.
Okay, I'll go for broke, here - and say what I would really like to see - and that is to completely ditch the money idea, entirely. You are right - value is intrinsic in what we create. Money isn't necessary. It would be strange at first - so different - but we could adapt. What do you say?
btw, is it so that, if one has a gold or silver or just pm standard, that a fixed rate is a part of that, always? Is that how that works?
@TheseEyesGod When folks talk "sound money", they mean to assign a fixed rate at which the currency is convertible to some commodity. If the rate were allowed to vary, it wouldn't be called a (gold) "standard". For a very good discussion of this, see:
bit. ly/vbY4Q2
A currency that's non-convertible and floats freely in the currency exchange markets shields a country from external economic shocks.
@TheseEyesGod Interesting idea about "no money" :) Couple thoughts:
For millennia, in our social interactions, we've had the notion of "owing" someone. Often I think it was as you say: you might owe an amount of wheat at harvest time, not money per se. Trade was often not in precise "on the spot" payments. The story of money is a social one. Try this link: bit. ly/tiVmJh
State money comes up when gov't wants to use non-govt resources. If we didn't have it, gov't couldn't buy stuff from us
@TheseEyesGod "OK. When I said 'private' I was trying to distinguish from public, i.e., govt."
OK, but the Fed is "public" in the same way other agencies with appointed officials are public. Don't you consider the EPA and the FBI part of "government"?
It's best to think of the Fed and Treasury together, operationally they coordinate very closely. But, yes the Fed is complex, and it does have some private *components*. For better or worse (mostly the latter).
@jstncbllr NO they are totally PRIVATE where in the hell did you get your information? The Federal Reserve is PRIVATE and the government holds no sway over it...NONE. It's believed that they are the big banks but can't be proven because the ownership is SECRET. Don't believe this? Look it up, but you shouldn't regurgitate other peoples he say, she say. Because what you typed is totally false and its nowhere in the federal reserves charter in any state or province. Always check your facts.
@genefire You're very confident, and very wrong. You should check *your* facts before "correcting" people. You can google "federal reserve structure" to start.
It's a complex organization. The governing board is appointed by the US president. Member banks are private. The regional reserve banks are weird private/public hybrids, but their directors must be confirmed by the governing board.
There are many valid criticisms of the Fed. There's also a lot of BS about it on goldbug web sites.
@jstncbllr No, You are wrong the US President has NO SAY SO in who is on the governing board. Where in the heck are you getting your information. Why not pasting a link to that so called information. Maybe the Federal Reserve themselves aren't aware of that rule. Please direct me into the direction in where I could find that information. Regulation or/and Law reference number would be greatly appreciated!
@genefire Are you serious? You can google "Fed structure"; any of the top results will help you. Try this:
ww w. federalreserve. gov/pubs/frseries/frseri. htm
The board of governors (7 members) is appointed by the POTUS and confirmed by the senate. See section 10 of the Federal Reserve Act. It's literally the very first sentence of the section.
What exactly have you been reading? You have to try pretty hard to be so far off...
@jstncbllr Maybe you should try starting from THEIR own website information about how they elect their board members. Start here: federalreserve(DOT)gov/pubs/frseries/frseri2(DOT)htm
Place a dot where it says dot. and of cours the h t t p : / / w w w
Unite .together with Our Friends here and everywhere.. We r showering Divine Love and Blessings from our ~♥~-s 2 all beautiful Islands of Japan and Our Beloved Earth and Humanity ♥ safely shifting 2 The Golden Crystal Age~Happiness 2 All~Oneness Love and Light Infinite~ Thank U Beloved Mighty I Am Presence-s ♥ Heaven and Earth United Us~as We R accepting this divine ~Gifts~ of I AM~Oneness Love Light Supreme Infinite~The Light of God that Never Fails~in all its forms~We R Forever Flowering
No one is held accountable for the total destruction of the United States of America. Every system is corrupt. Congress is in on it. There is not one politician I trust. Voting will fix nothing. Psychopaths have been running our country for a very long time. People are cringing in anticipation of the next false flag. They are poisoning our air, water, food and soil. It is time to end this tyranny.
Whorulesnow 4 months ago
I would go their and remove them all! And not even the federal government should be above this person whoever it may be decided!
'PERIOD'
seamystAlpha 4 months ago
Although he is not capable of flying into space, his powers and form begin when law thinks they have the right to oppress the people 'HE OR SHE' will have the right to go in any building, in this country and hand each one a white slip! If the people within them are clearly defined as bad! When in the presence of toxic waste and pollution to the point that they can no longer be seen as JUSTUS
seamystAlpha 4 months ago
Like if it has been seen that this law or said laws many accumulated ones that where created from it! 'THAT' Imprison the people to be removed and anyone that objected to this new created 'OFFICIAL' Say it is me to be handed white slips also! Even if that person is a sheriff of any state!
seamystAlpha 4 months ago
but the ' PEOPLE' who they where sworn to protect! One that can UN-do laws that oppress people in which know what the writers of the constitution had made 'THE ORIGINAL PAPER' but that which has been amended like for instance the war on drugs ---SLASHED and DE - Activated
seamystAlpha 4 months ago
that place them into office! One that can use the resource given to them by the powers that be even above the president to replace said government people with people who place value in and over all life, for liberty, and above all will work for the people! Not the globalists , and the "lobbyist" either
seamystAlpha 4 months ago
THE FIX
They must find a no-body like myself that wants nothing more than a future for his child! And that has Insight and knowledge -backed by self determination and wisdom who can be given--->
'Absolute Power' to whom can fire any or all people who so much as whisper a bad word about them to anyone! To hand whit slips to these said officials with no pension either for being evil by nature and thinking of themselves over the people
seamystAlpha 4 months ago
This has been flagged as spam show
Unite .together with Our Friends here and everywhere.. We r showering Divine Love and Blessings from our ~♥~-s 2 all beautiful Islands of Japan and Our Beloved Earth and Humanity ♥ safely shifting 2 The Golden Crystal Age~Happiness 2 All~Oneness Love and Light Infinite~ Thank U Beloved Mighty I Am Presence- ♥ Heaven and Earth United Us~as We R accepting this divine ~Gifts~of I AM~Oneness Love Light Supreme Infinite~The Light of God that Never Fails~in all its forms~We R Forever Flowering
OnenessNow 4 months ago
Snipe the ultra rich...
paul1mdrn 4 months ago
People of interest about the Federal Reserve Bank, that isn't Federal AT ALL, read the book called, "The Creature from Jekyll Island".
genefire 4 months ago
Comment removed
genefire 4 months ago
Why not get rid of the fed. You can't get laws passed while there is a fed. The fed and their agents will buy off the legislators and cripple all efforts to legislation against it. The Fed is the enemy of the whole world. Its purpose is to own all the politicans and rule over all the countries in the world, create wars, and problems, so that they can fix what they broke, only to break what they fixed.
ron66hand 4 months ago 10
Black, Spitzer and Schneiderman would be a great enforcement team. Arm them with RICO and Asset Forfeiture. Let them loose on the Pin Striped Bandits. Other crimes of note, FraudClosure, Front Running and Naked Short Selling. All of these are Felony Fraud. So, why has the SEC given a $0.10 / dollar fine and no jail time? Selective enforcement of law is the first sign of a 3rd world country.
Aridzonan13 4 months ago
How about abolishing The Federal Reserve Act of 1913 and allow us to coin our own money instead of creating each dollar out of debt because the federal reserve charges us interest for every dollar created..Physically&Digitally. They aren't Federal and no one is allowed to audit them or make them do anything. If you don't believe this look into it.
genefire 4 months ago
The 1% are Jews, the 99% "goyim".
Xianman06 4 months ago
awesome upload! thanks
hela113 4 months ago in playlist JWnFL's favorites
with the government, the banks, the corporations, the structure of our society allows an elite few to control everything. making it slighter more difficult for them will not free us. we need to dismantle it all. we need worker-run companies, citizen-run local governments, and all manner of participatory councils. No bosses, no rulers! its time for humanity to evolve!
sheepblitzer 4 months ago
This has been flagged as spam show
Watch Real footage of Real banks causing Real problems at UmotionS.com.
See the trailer at my channel with the link in it’s description.
DedmanUmotionS 4 months ago
God Bless Bill!!
Palm Beach has GREAT PEOPLE!!
JWnFL 4 months ago
Can't post the video to OccupyToronto's Facebook Channel. ? Will post transcript.
michaelholloway111 4 months ago
maybe at some point people will get it, but, the only way to ever have anything like stability is to become self sufficient, and, its not that difficult, with current technologies and methods. Works even better in groups. ..you know, that community thing. as long as our motto is consume and grow, we will continue to be unstable, just like a tumor.
Swansen03 4 months ago
And we Canadians we'll be screwed too, given the policies of Harper which consist of "Holding the Bullies' Coats"... The bullies being Israel and the USA. With Harper we will drown together.
237Michael 4 months ago 5
@237Michael You are fooling yourself if you think only conservatives have this policy. Liberals, NDP and even the greens have fallen in line with this. There isn't currently a Canadian political party that has held a seat which would actually act against this.
sirellyn 4 months ago
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@237Michael WATCH THIS
Watch Real footage of Real banks causing Real problems at UmotionS.com.
See the trailer at my channel with the link in it’s description.
DedmanUmotionS 4 months ago
George W. Bush was the ultimate disaster; Obama has been the ultimate failure retarding his promises to fix the disaster. The US has its foreign policy in the Middle East dictated by the Israel lobby, and its domestic policies by the "1% plutocracy" which controls the country. If the next president is any of the candidates we have seen so far, the USA will be definitely finished as the most important world power (I wouldn't even use the term 'superpower' any longer) in the next 5 years.
237Michael 4 months ago
There is only one thing to demand the fed, "Disband immediatly and your board of directors can live out the rest of their days in this iron cage."
elbowbiter1 4 months ago
100% Correct .... Hope you all wrote this down !
StandUp555 4 months ago
Bill Black: If I marched with Occupy Wall St. to the New York Fed, this is what I would demand
Arkinight 4 months ago
theres a bill to restore Glass-Steagall Banking Laws... HR 1489
slade420 4 months ago
@slade420 Yes but do you think they will do that? NO! The banks control everything. Its really sad.
jdocks777 4 months ago
@slade420 unfornatunately that bill won't make it pass a republican house.
captcrais101 4 months ago
I guess washington d c and the vatican are one in the same. They both have there own little state within the country they are a part of.
jdocks777 4 months ago
rational wiki federal reserve google it
thereturningnewcomer 4 months ago
@TheseEyesGod for the most part you have it! theres 2 forms of the united states! theres the "united states of america" , and the "united states." The second one is reffered to as the "United States Inc" which happend under the act of 1871 or also known as Washington D.C.
jdocks777 4 months ago
Banks getting immunity for robbing trillions? While a person does not report a little extra cash, and they can go straight to jail. Something is definetely wrong here.
Idtelos 4 months ago
This has been flagged as spam show
Banking System Explained wwwyoutubecom/watch?v=aHbvi9zfMJI
reasontorecord 4 months ago
Now lets take a look at Alan greenspan, before ben bernanke! Alan Greenspan was a member of the "bilderberg group", "Counsil on foreign Relations", Trilateral Commission" Served as Chairman of the Federal Reserve (1987-2006), Cheif correspondent for NBC news, and a partner of Paulson & Company LLC. : )
jdocks777 4 months ago
Sure makes the case that Obama is in way over his head with economic knowledge.
His lack of understanding of the reasons for the crisis could and will probably, create a second recession. God help us if he wins the 2012 election.
rcguycan 4 months ago
Ben bernanke says hes a student of the great depression of 1929, and wants to fix those things so it wont happen, but he doesnt tell you that he also was a bilderberg group attendee. Conflict of interest, dont you think?
jdocks777 4 months ago
the only good new is if jp morgan failed so would the federal reserve since they are a part of it as far as drafting of it and a private shareholder of the federal reserve they created. It would be like killing 2 birds with one stone. But if bank of america and or goldman sachs failed then this would be a lehman brothers times 3!
jdocks777 4 months ago
@jdocks777 I think if Bank of Assholes fails, it will be much worse than just 3 times. It would cause the other big banks to fail as well.They all are holding trillions and trillions of dollars of derivatives, that the counter-party to the transacation are other banks, insurance companies, hedge funds, other central banks. It is like trillions of spider-webs using the same string.
PorscheB06 4 months ago
@PorscheB06 Yep I know and I agree!
jdocks777 4 months ago
Why not fully nationalise the federal reserve?
kawaiigardiner 4 months ago 2
@kawaiigardiner That's an idea I haven't heard before. I'm not convinced that the Fed would be any better at determining the interest rate if it were under the control of congress. The problem with central economic planning isn't that the wrong people are pulling the strings, the real problem is that it is impossible for any elite group to have all the knowledge necessary to actually do that job in the first place.
mjbarrowful 4 months ago
@mjbarrowful Most other countries have a central bank that is 100% owned by the public and there is a monetary policy set down, generally speaking, mandating that the central bank is to maintain inflation between 0-2% and ensure price stability. The problem with the US reserve is that it goes well beyond a narrow scope and encroaches into area such as econ growth, unemp. and so forth which should be the area of politicians and policy architects and not by those implementing monetary policy.
kawaiigardiner 4 months ago
@kawaiigardiner The monetary policy is set down by the politicians.
kawaiigardiner 4 months ago
@kawaiigardiner Wow strange this is most other G20 currencies are keeping straight in line with the US dollar and most of them are owned by the government. So when the US inflates by say 7% so does everyone else.
Even Switzerland has been doing this. If countries hadn't been doing this you'd see their currencies rise against the US.
So how again does this prove a government central bank is "very good" at following only keeping rates at 0-2%?
sirellyn 4 months ago
@sirellyn You control inflation through interest rates - inflation is calculated based on a basket of goods. The is a downside though given that the 'basket of goods' scenario doesn't take into account substitution which can result in a higher rate of inflation being calculated when compared to what consumers are deciding to do with this money and how they're impacted by prices increasing on particular products. In the case of New Zealand our currency is the strongest it has been for over 30yrs.
kawaiigardiner 4 months ago
@kawaiigardiner You are regarding your currencies strength mainly against the US currency, but not as a matter of how much inflation it's had. It's like saying "I'm one of the least beat up kids at school". Well good for you, but shouldn't even be getting beaten up in the first place. Thats not exactly a point of pride.
NZ has very significant inflation along with every other country. And because it's "not as bad as others" does not show the central bank is good. Its the opposite.
sirellyn 4 months ago
@kawaiigardiner I support nationalizing the fed.
captcrais101 4 months ago
Why not have Congress issue money, absent any interest? We could definitely do without the Fed - which is, after all, a private corporation.
TheseEyesGod 4 months ago
@TheseEyesGod You have to be kidding. Congress is a bunch of lying theives. They would rob the country blind. I would not trust the CONGRESS to walk my dog, much less do anything else.
PorscheB06 4 months ago
@PorscheB06
Well, you've certainly got a good point. So first, let's vote all incumbents out. I guess maybe some of us will have to step up, so that we can get some decent, honest people to represent us. THEN, end the Fed.
TheseEyesGod 4 months ago
@TheseEyesGod We probably could do w/out the Fed. We could use fiscal policy to provide stability and full-employment, instead of monetary policy (the only tool the establishment seems to think is OK). We still need the regulatory capabilities.
The Fed is not a corporation btw. It's a complex organization that's a mix of gov't and private member banks.
jstncbllr 4 months ago
@jstncbllr
The whole govt is incorporated - even the justice system. Even the IRS.
What about the elimination of fiat currency? I wonder why we haven't heard that discussed? Well, maybe it's been done - I don't listen to the major media - but I'd like to hear it discussed. Our money isn't anything but debt. What about silver and gold backing, once again?
TheseEyesGod 4 months ago
@TheseEyesGod You said "private corporation" which is what I was objecting to. The Fed is not private, but it does have private member banks.
A fixed-rate/commodity currency removes policy options for the nation and exposes it to a far greater degree of external pressures as it tries to maintain the fixed rate. Fixed rates have caused many disasters (recently Argentina, Greece.)
Furthermore, choosing a fixed rate is still a *political* decision and it can be changed by political processes.
jstncbllr 4 months ago
@jstncbllr I should not say fixed rates "cause" the disaster. The cause is almost always some external pressure. But the fixed rate makes it impossible for a country to respond to the pressure, leading to default or the need to reset the rate.
Currency sovereignty removes these shackles. Try this link for a good explanation of the differences:
bit. ly/vbY4Q2
jstncbllr 4 months ago
@jstncbllr
OK. When I said 'private' I was trying to distinguish from public, i.e., govt.
We have to get down to what has real value - and fiat currency does not, so whatever options it opens up for us, are no more real or long lasting than the false currency. History shows us how all fiat currencies end.
Argentina and Greece were still working with fiat currency, yes? The Euro is no more real than the dollar. It's tied to nothing real.
It gets down to "what is money." We need to see this
TheseEyesGod 4 months ago
@TheseEyesGod I'd recommend you to look into Chartalism. Try this paper:
pavlina-tcherneva. net/Tcherneva-Chartalism.pdf
Money does not need to have intrinsic value, and historically it has not. "Value" comes from the real-world things we create.
Argentina/Greece lacked currency sovereignty. Their problems came from being *users* of currency they had no control over. This is similar to being on a fixed rate gold standard.
The US is the monopoly *supplier* of $US. There's a big difference.
jstncbllr 4 months ago
@jstncbllr
Okay, I'll go for broke, here - and say what I would really like to see - and that is to completely ditch the money idea, entirely. You are right - value is intrinsic in what we create. Money isn't necessary. It would be strange at first - so different - but we could adapt. What do you say?
btw, is it so that, if one has a gold or silver or just pm standard, that a fixed rate is a part of that, always? Is that how that works?
Thanks.
TheseEyesGod 4 months ago
@TheseEyesGod When folks talk "sound money", they mean to assign a fixed rate at which the currency is convertible to some commodity. If the rate were allowed to vary, it wouldn't be called a (gold) "standard". For a very good discussion of this, see:
bit. ly/vbY4Q2
A currency that's non-convertible and floats freely in the currency exchange markets shields a country from external economic shocks.
jstncbllr 4 months ago
@jstncbllr
Hmmm. Much to think on. Thank you so much.
I tried the link - couldn't find it, btw - the search engine came up dry.
TheseEyesGod 4 months ago
@TheseEyesGod To use the link, just remove the space after the period in "bit. ly". Youtube comments don't allow urls. So: bit[dot]ly/vbY4Q2
Cheers!
jstncbllr 4 months ago
@jstncbllr
Hey, it works. Thanks. It also works to replace the dot with an asterisk, btw ;)
TheseEyesGod 4 months ago
@TheseEyesGod Interesting idea about "no money" :) Couple thoughts:
For millennia, in our social interactions, we've had the notion of "owing" someone. Often I think it was as you say: you might owe an amount of wheat at harvest time, not money per se. Trade was often not in precise "on the spot" payments. The story of money is a social one. Try this link: bit. ly/tiVmJh
State money comes up when gov't wants to use non-govt resources. If we didn't have it, gov't couldn't buy stuff from us
Cheers
jstncbllr 4 months ago
@jstncbllr
Yes, I like the ideas of Reigel (sp?). I like them.
TheseEyesGod 4 months ago
@TheseEyesGod "OK. When I said 'private' I was trying to distinguish from public, i.e., govt."
OK, but the Fed is "public" in the same way other agencies with appointed officials are public. Don't you consider the EPA and the FBI part of "government"?
It's best to think of the Fed and Treasury together, operationally they coordinate very closely. But, yes the Fed is complex, and it does have some private *components*. For better or worse (mostly the latter).
jstncbllr 4 months ago
@jstncbllr NO they are totally PRIVATE where in the hell did you get your information? The Federal Reserve is PRIVATE and the government holds no sway over it...NONE. It's believed that they are the big banks but can't be proven because the ownership is SECRET. Don't believe this? Look it up, but you shouldn't regurgitate other peoples he say, she say. Because what you typed is totally false and its nowhere in the federal reserves charter in any state or province. Always check your facts.
genefire 4 months ago
@genefire You're very confident, and very wrong. You should check *your* facts before "correcting" people. You can google "federal reserve structure" to start.
It's a complex organization. The governing board is appointed by the US president. Member banks are private. The regional reserve banks are weird private/public hybrids, but their directors must be confirmed by the governing board.
There are many valid criticisms of the Fed. There's also a lot of BS about it on goldbug web sites.
jstncbllr 4 months ago
@jstncbllr No, You are wrong the US President has NO SAY SO in who is on the governing board. Where in the heck are you getting your information. Why not pasting a link to that so called information. Maybe the Federal Reserve themselves aren't aware of that rule. Please direct me into the direction in where I could find that information. Regulation or/and Law reference number would be greatly appreciated!
genefire 4 months ago
@genefire Are you serious? You can google "Fed structure"; any of the top results will help you. Try this:
ww w. federalreserve. gov/pubs/frseries/frseri. htm
The board of governors (7 members) is appointed by the POTUS and confirmed by the senate. See section 10 of the Federal Reserve Act. It's literally the very first sentence of the section.
What exactly have you been reading? You have to try pretty hard to be so far off...
jstncbllr 4 months ago
Comment removed
genefire 4 months ago
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@jstncbllr Maybe you should try starting from THEIR own website information about how they elect their board members. Start here: federalreserve(DOT)gov/pubs/frseries/frseri2(DOT)htm
Place a dot where it says dot. and of cours the h t t p : / / w w w
genefire 4 months ago
"Assuming President Obama wants to solve the problem." -
fivestarmichael 4 months ago 2
Yes! Finally some sane proposals... things that actually hold people accountable.
donnyforte2 4 months ago
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OnenessNow 4 months ago
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End fractional reserve banking.
SingularInfinity 4 months ago