Government owned and controlled banks and loans

[Schemefighter]

jvw66: Almost always when a government bails out a financial institution, it's almost always under the condition that there are strings attached. In other words the government will often monitor and control the institution. In other words the institution loses a great deal of its private and free status.

[jvw66]

I appreciate the comment. The scam workds like this...The Fed (or other central banks) prints money and lends this paper to a government...then the government takes this illegally loaned money to bail out a bank owned BY the central bank...all at the expense of the tax payer...through taxes...and no one says a thing because no one is allowed to understand the banking system. If you read Glenn Brcks last book, the most and only important chapter is ....the last one.

[Schemefighter]

OK I guess you were being sarcastic, I'm sorry, you do seem pretty smart, maybe more then me. You do seem to know how it works. It harmful in many ways because it normally causes inflation. Wages seldom keep up with inflation so it's like a wage decrease. Since you do earn more money in numbers you get bumped into higher and higher tax bracket. It's a stealthy tax increase. In most cases it can harm your saving, because you have to pay more taxes.

[jvw66]

Once again,thanks for the comment.Beck and all the other cronies really get under my skin..I don't mean to be so rash, but 99% of the citizens in this country do not know how the system works..and because they are so busy trying to make ends meet, believe what the TV and radio folk tell them..inflation is not an increase in prices..it is a decrease in purchasing power with said fiat currency. Look at the $ today..getting smoked..gold at $972 and silver at $20!! something is not right.

[jvw66]

Glenn Beck is an incredibly ignorant person...and to think ignorant people watch this and actually thinks he knows what he's talking about. The Federal Reserve is a PRIVATE bank that PRINTS our money...same thing happens in England and Europe. Our government sold us out in 1913 with the Federal Reserve Act. But, Glenn Beck and all other TV jokes are NOT ALLOWED to tell you the TRUTH!!!! Wake up America!!!!

[Schemefighter]

jvw66: On the contrary. You are incredibly ignorant person, whereas Glenn Beck is very smart and intelligent. The Federal Reserve may be in some respects a private organization, however it is also considered part of the government in some respects. See Wikipedia and you will see is classified quasi-public (part private, part government) banking system.

[Schemefighter]

jvw66: "Glenn Beck and all other TV jokes are NOT ALLOWED to tell you the TRUTH!"

Unlike you, Glenn Beck is telling the truth. Unlike you Glenn back and I are for reasonable freedom of speech. Unlike you Glenn Beck and I are for truth.