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Forum Post: 10 things we should all know about The Federal Reserve

Posted 2 years ago on Feb. 9, 2012, 11:46 a.m. EST by nomdeguerre (1775) from Brooklyn, NY
This content is user submitted and not an official statement

"#1 The Federal Reserve System Is A Privately Owned Banking Cartel

"#2 The Federal Reserve System Is A Perpetual Debt Machine

"#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

"#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability [Hey, they could have bailed out the states and localities!!!]

"#5 The Federal Reserve Is Paying Banks Not To Lend Money

"#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging

"#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks

"#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913

"#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence

"#10 The Federal Reserve Has Become Way Too Powerful"

From BlackListedNews: http://www.blacklistednews.com/10_Things_That_Every_American_Should_Know_About_The_Federal_Reserve_/17853/0/0/0/Y/M.html

8 Comments

8 Comments


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[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

Great post.

Also, please read my two-part post here: http://occupywallst.org/forum/printing-presses/

[-] 0 points by asauti (-113) from Port Orchard, WA 2 years ago

And note: There is only ONE presidential candidate that has and continues to speak out against the Federal Reserve. Not only does he speak out against the Federal Reserve, but he also created the House Resolution Bill 1207, otherwise known as The Federal Reserve Transparency Act.

Do you know his name?

[-] 0 points by nomdeguerre (1775) from Brooklyn, NY 2 years ago

Yeah, but I can't mention it though. He's also the only candidate that supports the Constitution. (That is such a disgrace. Obama was even a professor of constitutional law.)

[-] -1 points by asauti (-113) from Port Orchard, WA 2 years ago

A degree probably "paid for" or "handed to" by someone that Obama would not prefer to reveal.

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[-] 0 points by relthinkr (64) 2 years ago

great list!

if u wanna go deeper into how the fed works, check out this write up and the vids.

http://jinnwe.com/quest.php?id=300

[-] -1 points by asauti (-113) from Port Orchard, WA 2 years ago

I wanted to add my perceptions/adjustments/feedback to your list:

"#1 The Federal Reserve System Is A Privately Owned Banking Cartel -- TRUE

"#2 The Federal Reserve System Is A Perpetual Debt Machine -- TRUE, and that debt is unknowingly put on the American people, for just the simple ability to "use dollars".

"#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar -- Will possibly comment about this later.

"#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability [Hey, they could have bailed out the states and localities!!!] -- True, they can provide "their printed dollars" to anyone in exchange for "X". What is "X"? Well, use your imagination. What do the very few, at the top, desire?

"#5 The Federal Reserve Is Paying Banks Not To Lend Money -- Not quite an accurate perception, but the reality is even worse. Look for further explanation on this, later.

"#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging -- True. However, not extremely damaging to those "at the top".

"#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks. -- False. It is the other way around. The Federal Reserve dominates those big banks. Those banks are simply part of "their toolset" - an extension of the same policies that the Federal Reserve dictates. Those "big banks" then "dominate" those below them - the actual resource rich and productive members of a nation.

"#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913. -- Very True.

"#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence -- Depends on your perspective. If I am among those at the top, and the Federal Reserve is carrying on with its agenda, I might view Bernanke as "an angel".

"#10 The Federal Reserve Has Become Way Too Powerful" - Very true.

[-] 1 points by nomdeguerre (1775) from Brooklyn, NY 2 years ago

Nice refinements.

[-] -1 points by asauti (-113) from Port Orchard, WA 2 years ago

Thanks. You and I are on exactly the same page.

A few years ago, an analogy occurred to me to help others understand the policies that are dictated to us by the Federal Reserve. That analogy is with the game of Monopoly - which a lot of people are familiar with.

Basically, if one were to play the game of Monopoly with four people, and those four people allowed you to be the banker AND they also allowed you to operate that bank in the same way that the Federal Reserve operates.... well, you would never lose. Never. You would have a 100% success rate.

And who would want to play Monopoly against those odds?

Thomas Jefferson and many others along the path of history have warned us about the dangers of "banking". We need all of America to truly wake up to these realities, so that we the people can take control of our own "medium of exchange" - just like the players have in the "by the book rules" of Monopoly, where "the bank" is completely transparent to ALL players.