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Do you understand Money, Debt, Inflation, and The Federal Reserve?
TraceOneInfinite:
--- Quote from: Jrome Is Officially Voting for Ron Paul 2008! on June 16, 2007, 01:04:12 AM ---
1. China IS our creditor. So is Saudi Arabia. Those 2 countries absolutely own our ass. Kinda funny when you think that nearly every hijacker in 9/11 was Saudi. But yes, along w/ the Federal Reserve, we borrow TRILLIONS from these 2 countries.
2. The federal reserve's location is a convoluted answer. The Fed is comprised of Government appointed officals, which is located in Washington. It is also comprised of the Federal Open Market Committee (Open market operations are the buying and selling of government securities), 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with their own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Bank; and (5) various advisory councils.
3. The World Bank is not the same thing as The Fed in name, it is the same thing in principle.
4. Ownership of The Fed is only parially known. When you start looking at the private member banks and regional ownership, those are privately held and are therefore not publicly disclosed information.
5. Well, Woodrow Wilson was our President when The Fed was put into place. Literally on his death bed did he state that he believed that his institution of that program would be the downfall of the United States. He maintained that he didn't fully understand it's ramifications at the time of inception, but later realized it was his greatest failure while in office.
6. No I don't. We're talking about a very small group of men collecting TRILLIONS of dollars. If you think they're going to let some 71 year old man ruin their party, you're gravely mistaken. They'll kill Paul if they have to.
7. The war plays numerous roles. At it's core, it distracts the American people. For every death (about 100 / month now for Americans, and HUNDREDS of THOUSANDS of Iraqis - which is unsubstantiated by our govt), they try to spin it into motiviation. It also is an endless machine of consumption - both monetarily and production / service wise. It also propagates our constant borrowing of bililons of dollars from foreign governments to subsidize our efforts. The fed can't print all the money, it would be de-based to nothing. And the enemy is terrorism, which is a faceless enemy. There is no victory, no end. We can continue proclaiming war on it just like we have declared war on poverty, drugs, illiteracy, etc. It's just another buraeucracy to suck the taxpayers dry. It's a farce.
8. They don't keep inflation from rising. A dollar today is worth about 3 cents compared to 100 years ago. The only way to keep our current system from crumbling at it's core is to continue to borrow. As long as foreign countries and us as individuals accept it in lieu of a tangible good, it will have value, albeit less and less as time goes on.
But check out The Fed. They actually show gold on their balance sheet. Why would the fed want our nations gold? You think it has anything to do with the fact that they know that we're going to have an economic collapse? If they have gold, they don't care what happens to the dollar. In fact, I believe that they are moving as fast as they can to eliminate the dollar to eschew in the Amero. If you haven't seen my posts on that, google it. The Amero is much like the Euro - it's a central currency of Canada, USA, and Mexico. Just dig into this stuff, it'll scare the shit out of you.
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Thanks for the info. To be continued.
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