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ORIGINAL: Musicmystery

Good Lord. That's what "journalism" has become? It's a parroted book report of a book slanted right from the title.

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ORIGINAL: subfever

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ORIGINAL: Musicmystery

Good Lord. That's what "journalism" has become? It's a parroted book report of a book slanted right from the title.

The Creature From Jekyll Island is a good book from both a historical perspective and how the Fed operates... though I don't agree with what the author advocates as a solution.

The Fox report does go beyond the book, by addressing the current effort to audit the Fed.

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ORIGINAL: Fellow
I believe Fed lending huge sums of money to selected institutions around the world acting by it own is baloney. Fed is a central bank, and it works together with the Department of Treasury and the White House. 16 trillion can not be created and lent out without the consensus. The current monetary policies are unprecedented. It is an emergency situation, they are fighting the systemic failure. The corruption is not an important issue at this point. Avoidance of the audit is mainly to prevent panic, as things are much worse than the public is told. The Democrats in the Senate are expected to kill the Fed audit bill. The audit would be beneficial to initiate public debate around monetary issues. The current policies are very risky and controversial, they will surely lead to high inflation in near future.

quote:

find it curious that this FOX News guy doesnt explain things correctly, but as a conspiracy. If you read 'The Creature from Jekyll Island' and understand the events at the time (see the wikipedia.org on the Federal Reserve), the information presented by FOX News is misleading, wrong, and highly inaccurate. In the book, the author explains a concept that was in place book then call 'The Money Trust'. It was basically the concept that if one had lots of money, they could become a senator, representatives, or dare I say.....President! The idea was to stroke fearmongering on the public that had gone through a terrible financial panic in 1907. That only canidates backed with big money wins elections, and the common folk basically get shut out. Sound familiar?

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ORIGINAL: SternSkipper

They do that every once in a while when short of scripts and to throw critics off ... The Lying Blondes will be back next week from vacation.

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ORIGINAL: Fellow

I believe Fed lending huge sums of money to selected institutions around the world acting by it own is baloney. Fed is a central bank, and it works together with the Department of Treasury and the White House. 16 trillion can not be created and lent out without the consensus. The current monetary policies are unprecedented. It is an emergency situation, they are fighting the systemic failure. The corruption is not an important issue at this point. Avoidance of the audit is mainly to prevent panic, as things are much worse than the public is told. The Democrats in the Senate are expected to kill the Fed audit bill. The audit would be beneficial to initiate public debate around monetary issues. The current policies are very risky and controversial, they will surely lead to high inflation in near future.

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ORIGINAL: Musicmystery

Good Lord. That's what "journalism" has become? It's a parroted book report of a book slanted right from the title.

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ORIGINAL: subfever

quote:

ORIGINAL: Fellow

I believe Fed lending huge sums of money to selected institutions around the world acting by it own is baloney. Fed is a central bank, and it works together with the Department of Treasury and the White House. 16 trillion can not be created and lent out without the consensus. The current monetary policies are unprecedented. It is an emergency situation, they are fighting the systemic failure. The corruption is not an important issue at this point. Avoidance of the audit is mainly to prevent panic, as things are much worse than the public is told. The Democrats in the Senate are expected to kill the Fed audit bill. The audit would be beneficial to initiate public debate around monetary issues. The current policies are very risky and controversial, they will surely lead to high inflation in near future.

It doesn't appear that the Fed secretly doling out 16 trillion dollars to avoid systemic failure has created any public panic. So if indeed they really are afraid of triggering a panic, then it stands to reason that they're hiding substantially more than these 16 trillion dollars of band-aids to our decaying, corrupt, unsustainable system.

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ORIGINAL: Fellow

I believe Fed lending huge sums of money to selected institutions around the world acting by it own is baloney. Fed is a central bank, and it works together with the Department of Treasury and the White House. 16 trillion can not be created and lent out without the consensus. The current monetary policies are unprecedented. It is an emergency situation, they are fighting the systemic failure. The corruption is not an important issue at this point. Avoidance of the audit is mainly to prevent panic, as things are much worse than the public is told. The Democrats in the Senate are expected to kill the Fed audit bill. The audit would be beneficial to initiate public debate around monetary issues. The current policies are very risky and controversial, they will surely lead to high inflation in near future.

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ORIGINAL: joether

What percentage of the public will understand the information once its told them with this audit?

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ORIGINAL: Real0ne

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ORIGINAL: joether
What percentage of the public will understand the information once its told them with this audit?

just the conspiracy theorists

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ORIGINAL: joether

I find it curious that this FOX News guy doesnt explain things correctly, but as a conspiracy. If you read 'The Creature from Jekyll Island' and understand the events at the time (see the wikipedia.org on the Federal Reserve), the information presented by FOX News is misleading, wrong, and highly inaccurate. In the book, the author explains a concept that was in place book then call 'The Money Trust'. It was basically the concept that if one had lots of money, they could become a senator, representatives, or dare I say.....President! The idea was to stroke fearmongering on the public that had gone through a terrible financial panic in 1907. That only canidates backed with big money wins elections, and the common folk basically get shut out. Sound familiar?

Page 8 of the book explains why these fellows, who representated some big investment companies, got together with the Republican whip of the Senate and one other goverment offical (I honestly forget off the top of my head who it is....).

The best way to explain 'The Money Trust', is like the SuperPACs of today. Why all the secrecy? Do you think the public of now, would give any credibility to a bunch of guys that represent the largest of large SuperPACs of today, stating they have a bill that will destroy the SuperPACs cus its in the best interests of America; would you take their bill seriously? Yeah, thats sort of what the public was like back in 1913. This was explained inthe book on page 10-11.

I only managed to read the first 15 of 48 pages. What FOX News gives for information....sucks. If you wish to read the book, I did find a PDF when I typed in the book's name plus pdf.