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RE: Who owns the Federal Reserve? - 4/25/2010 8:03:45 PM

Real0ne

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quote:

ORIGINAL: InvisibleBlack

quote:

ORIGINAL: pahunkboy
With all the educated people here- per haps someone could show me who owns the Federal Reserve.

The debate whether the Fed is public or private has been going on forever. There isn't a clear answer. The Fed is one of those "quasi-public" entitiies like Fannie Mae or Freddie Mac. It's chartered by the Federal government but it's not a public entity.

Ok it just came to me.

Technically the fed is an association and the fed in and of itself does not make profit any more than any other corporation for example. Its a pass through operation, and in the final analysis a foreign entity to the this country et al.

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RE: Who owns the Federal Reserve? - 4/25/2010 8:05:20 PM

Real0ne

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quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: tazzygirl

Her only financial book. The rest, to date, have been about medicine.

Yea, most JD's don't know what they are talking about anyway. You see with character assassination, you go all of the way. So should I disregard her books on medicine because she is a lawyer ?

Imagine all of the other authors who surely must have written only one book on a subject, that we actually believed. What were we thinking ?

The federal reserve has turned us into Rome. A few generations away from 5% with anything, 95% scraping for their next meal. It will go down in history if history isn't rewritten by the coming fascists as the necessary catalyst to create slavery of the masses, through debt.

They great distribution of wealth from the American dream to be gained from the inspirational benevolence of the free market, has been turned into the nightmare in the capitalist's monetary system of the distribution of debt.

By 2020 it is projected the interest alone on our federal debt...alone, will be $1 Trillion per year.

Now that is a seriously good post man!

_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

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Post #: 42

RE: Who owns the Federal Reserve? - 4/25/2010 8:25:05 PM

tazzygirl

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lol... same idiots who buy into Palin.

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RE: Who owns the Federal Reserve? - 4/25/2010 8:59:20 PM

Real0ne

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quote:

ORIGINAL: tazzygirl

lol... same idiots who buy into Palin.

I really dont listen to any of the shills on either side with the exception maybe to Rp and baldwin and a few types like that. I analyze charts.

_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

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Post #: 44

RE: Who owns the Federal Reserve? - 4/25/2010 9:13:12 PM

pahunkboy

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quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: pahunkboy

That is my point. Your retirement has been stolen from you. Social Security will be cut by 2/3. So if you get $1000, the new amount will be $333.

I see.

And where are these numbers coming from?

What verifiable proof do you have that Social Security will be cut at all?

It has already started. 2010,11, 12 no COLAS.

A currency devaluation is coming.

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RE: Who owns the Federal Reserve? - 4/25/2010 9:17:21 PM

InvisibleBlack

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quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: rulemylife

quote:

ORIGINAL: pahunkboy

That is my point. Your retirement has been stolen from you. Social Security will be cut by 2/3. So if you get $1000, the new amount will be $333.

I see.

And where are these numbers coming from?

What verifiable proof do you have that Social Security will be cut at all?

It has already started. 2010,11, 12 no COLAS.

A currency devaluation is coming.

I wouldn't say there's verifiable proof, but the idea that the government could handle the entitlement crisis by inflating the currency to the point where the nominal amount of the SS check wouldn't change but that it would purchase a lot less isn't beyond belief. If they jiggered the CPI a little more, they could easily run a 10% inflation, raise the CPI by 5% every year and gradually be whittling away at SS, Medicare and Medicaid with almost no one the wiser.

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RE: Who owns the Federal Reserve? - 4/25/2010 9:55:55 PM

Termyn8or

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FR

Who cares who owns it. We can't trust them foreigners and we can't trust our countrymen.

The fed pretty much determines how much money there will be in circulation, and by math, the value of each dollar is inverse to the number of dollars. This can be tricky to manage of you are operating in the best interest of the country, and that is quite debatable. But who actually owns is not really a big issue. It could concievably be traded on the stock market, but congress' control is not much better. Regardless of ownership, the fed is relatively indepenent and therefore immune to changes in political climate. Congress granted them certain authority and can't really set their policies, but can reduce or enhance that wuthority, regardless of who owns it. This is an important thing, but is still a red herring. And if congress wanted to change the charter, if that's what they call it, they can. They can take much of the fed's authority away overnight, but think about congress, do you really want them to micromanage the econmy ? It was proven about a decade ago that they can't even balance a checkbook. What's more, with half a brain someone could influence elections with the stroke of a pen, as all people think about is themselves and votes CAN be bought.

Looking for a real solution ? Get on the wagon and quit the addiction to money. As much as possible. I only need cash for certain things, everything else is already done on barter as much as possible. My pay is by the hour and fixed. What determines the value of money to me is not totally dependent on the fed, except to the point that it affects the rate for electricity, gas, gasoline, water, sewage, tennis shoes and so forth. I know I am getting screwed and so do alot of people. But it is not going to stop by abolishing the fed, nor auditing it or anything else.

Gold is just as bad of a red herring. If the price of gold goes up, does every store close immediately to raise it's prices on everything ? If it goes down to they similarly lower it ? The only commodity I now of in common use that's price responds on a day to day basis regarless of supply and demand is gasoline.

And in this context I would ask something else. Just who owns alot of things ? Like GM, JPM/Chase, AIG, British Petroleum, Radio Corporation of America, Time Warner cable, Pfizer or any other big company ? And what does it matter ? What matters is who is in control of it. Whoever is was chosen because of their guile, intelligence greed and immunity to guilt obviously. More on that some other time.

YOU must determine what of all this affects YOU and figure out what YOU can do to make your life easier or better. YOU also have to realize which spects of the situation YOU can control and those that YOU can't.

T

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RE: Who owns the Federal Reserve? - 4/26/2010 5:35:19 AM

vincentML

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quote:

ORIGINAL: tazzygirl

So you agree, vincent, that these same people who are filling congresses ears with lies, according to Greenspan, would open their doors, financial records and secrets to a woman who is a known civil litigator?

No, tazzy, your point is well made. My point is that the game is rigged, the fix is in, the current system is no benefit to common folk. But then it never has been.

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Post #: 48

RE: Who owns the Federal Reserve? - 4/26/2010 5:57:33 AM

tazzygirl

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The players are crooked. The system is not. Sort of like my tag line. Government isnt corrupt. Politicians are.

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If you want it sugar coated, dont ask me what i think! It would violate TOS.

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RE: Who owns the Federal Reserve? - 4/26/2010 8:24:31 AM

Termyn8or

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I beg to differ, the system is crooked to the core. If you look back to say, 1933, it was a way to get something for nothing.

But that's not to say that the system could not stay solvent if managed properly. I have referred to it as a Ponzi scheme but that is not quite accurate, SS IS a Ponzi scheme and can only work as long as there are a greater and greater number of people coming into the system. The similarity is that the fractional banking system running in debt could work practically indefinitely if smart enough people run it, and the debt is spread among enough of the people who can afford to pay the interest.

In a way the same forces are at work with one's personal finances as the national. In other words you can have that black credit card as long as you use it wisely and maintain your income so you can pay the bill. It is easy to dig one's self a hole which they won't be able to extricate themself from, and that is what the government has done. The national economy is now in a whole deeper than the Grand Canyon, and is chained to a rock with no shoes. There is no way out. Bailouts and loans are akin to throwing down food and water, rather than letting it die a dignified death.

Actually I own the fed. What should I do at this point ? (jk of course, but the question stands) I have a choice, print more money or go down in flames.

T

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RE: Who owns the Federal Reserve? - 4/26/2010 9:58:56 AM

pahunkboy

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What?

Dont you use coffee, cocoa and pork bellies?

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