Forum Post: about the privately owned central bank
Posted 13 years ago on Oct. 9, 2011, 6:24 p.m. EST by pariscommune
(205)
This content is user submitted and not an official statement
in other countries the central bank is not owned privately and
- still prints money as debt.
- the government still bails out the "too big to fail" banks that are in trouble.
check the theory, check the facts how the system works. i posted a critic of the movement (which has the same motives but different demands at this point) early in this forum and would like to point you at it again:
Although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management Group of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves. Consequently, I have posted 1-page Summary of the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to support a Presidential Candidate Committee at AmericansElect.org in support of the above bank-focused platform.
The Federal Reserve is an entity chartered by Congress (like Amtrack, like Fannie Mae, or Freddie Mac) it is "owned" its member national banks.
For a good discussion of Central Banking, see William "Bill" Still's video "The Secret of Oz"
The Swedish Rijksbank is the oldest continuously operating central bank in the world with roots back to 1600's.
Sweden faired far better in its banking crising in 1991-1992 than the Western world is presently doing.
Sure, like Sweden, they are smart right, and right now their savings rate is -.25%, they are charging depositors who are trying to save money.
Why, they are a national Bank and operate at the dictates of their masters.
no, they want to enforce finance capital to go into "production" (or derivative banking ;D) and not hoard at the central bank. that is the problem in crisis, nobody trusts business anymore to make a profit so everyone looks for value storage, be it gold or the central bank. you could say with the same right that the FED is a puppet pulling down the base rate to 0.25% when it used to be at 5% before the crisis started. the 0 barrier is simply not important to the matter of what a central bank does.
So they are going to punish those that practice thrift, not graft and corruption?
they want to keep investments going because that is the vitality of capitalism, that is why they punish the savers.
No, they want to use it to help support their failing Socialist state.
I agree with many of your ideals, but not all. Remember, it was the actions of the Communards that caused the Revolutionaries to commit to their slaughter.
well keep capitalism going is just the same as support their failing socialist state in your terms. i think you have a lack of understanding of capitalism and socialism. socialism is when the freedom of the entrepreneur is removed completely and the values of commodities (that includes the value of labor power) are planned by the state. that is not the case in capitalism where the value of commodities is subject to the market competition. you cant say capitalism with social services is socialism, its just wrong.
i dont get your second part about the slaughter, what are you referring to?
I saw your screen name, do you not understand what happened? Seriously, I believe you can wiki it?
you trolling bro? the government slaughtered more then 50 thousand communard revolutionaries when they took back control of the city with the army?
The Fed isn't a private bank.... It's a govt central bank, when a govt creates a monopoly that monopoly becomes an arm of the govt.
Idiot. The federal reserve is not associated with the government.
just as much associated as you are which means following the law and thus do what is the interest of the government.