Not Federal; No Reserve.
Uploader Comments (CommieNews)
Top Comments
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Thats totally not the point. The point is de FED has a conflict of interest. They make money on printing money. They can manipulate the economy at will, what they did in the 1920s and before that, and have done so every crisis. I might not be an economist, but I did study economy as a part of my study, and what you are saying is bullshit.
Oh, and if this was the biggest part of the conspiracy I would sleep well, but sadly it's only a very small but nevertheless important tooth on the weel.
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Yes, he was a terrorist to King george, but also the writer of our constitution which makes him a hero along with the rest of our great founding fathers!
All Comments (56)
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Well no shit!!!!
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@texthit actually most of the time they back up there printing money with the good ol' U.S. savings bond..
grandma buys you a 50$ savings bond.. she gets a piece of paper.. the treasury gets 50$.. they created an asset off printing paper... they loan off that 50$
then pay you $51.10 after 30 years of collecting dust and after theyve made 400 from ur 50... its funny how working at a bank for 5 years opened my eyes to the economy
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@scevrog this has been detrimental to society in the sense that we have never really had a dollar in our hands...
when you get your 500$ paycheck and its only 350$ after taxes
when you get a 17000$ car and you really pay 23000$ for it..
who gets that interest?? isnt it the fed??
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HOW ABOUT THIS:
the fed issues money and loans it at the discount rate to local banks...
the feds "rates" or "interest" that they choose to loan there money to private banks with are part of monetary policy.
I believe the idea of the FED issuing its money to help americas economy and help the industry and dissolve bad debt ... by issuing the money at a debt.. is a complete oxymoron.
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Congress created the Federal Reserve, it is not a private company. People seem to forget that. Congress has to power over money, and it created the Fed to manage that power. And yes, the profits do go to the Treasury, thats a non-debatable fact you can learn or not, I don't care. And yes, the board of governors is appointed by the president and approved by the Senate. The "reserve" refers to the fact that banks keep a lot of their deposits on reserve with the Fed. I hope this helps.
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1it states in the constitution that the treasurey is the only one who has the the right to coin money. 2the profits do not go to the treasury.3 we do not appoint any of these people who run it.4 it is not federal it is about as federal as federal express and there is absolutely no reserve. nothing backs it . they print it at will with nothing to back it up.
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They did not even include one dissenting opinion.
You make 0 dollars a year. I lend you 100 dollars for that year. I expect 115 back for that year.... What is wrong with this picture?
asleeperj 1 year ago
@asleeperj i didn't like step one or step three in your scenario. step seems cool, though...
CommieNews 1 year ago
This comment has received too many negative votes show
Aaaggghh. This is sooooo stupid. These dumb ass conspiracy theories are such a waste of energy. "Scevrog" and "WorkingTheTop", you're totally right. The FED earns absolutely nothing from conducting monetary policy. They change short term interest rates in an attempt to target the inflation rate, AND, act as a lender of last resort. This system has produced far far far better living standards than a hard backed currency economy.
JasonSUQ 3 years ago
"The FED earns absolutely nothing from conducting monetary policy."
CommieNews 3 years ago
I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.
Thomas Jefferson
jacoff1973 3 years ago
@jacoff1973 #
CommieNews
1 year ago
wow that Thomas Jefferson guy was super angry...kinda like the singer from creed. maybe TommyJefferson was a terrorist? I bet he would be considered a terrorist if he was around now. or straight gangsta, ya know...
CommieNews 1 year ago