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Forum Post: about the privately owned central bank

Posted 12 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

  1. still prints money as debt.
  2. 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:

http://occupywallst.org/forum/a-communist-voice/

14 Comments

14 Comments


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[-] 1 points by atki4564 (1259) from Lake Placid, FL 12 years ago

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.

[-] 1 points by ProvidenceRhodeIsland (40) 12 years ago

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.

[-] 1 points by Slam1263 (196) 12 years ago

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.

[-] 1 points by pariscommune (205) 12 years ago

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.

[-] 1 points by Slam1263 (196) 12 years ago

So they are going to punish those that practice thrift, not graft and corruption?

[-] 1 points by pariscommune (205) 12 years ago

they want to keep investments going because that is the vitality of capitalism, that is why they punish the savers.

[-] 1 points by Slam1263 (196) 12 years ago

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.

[-] 1 points by pariscommune (205) 12 years ago

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?

[-] 1 points by Slam1263 (196) 12 years ago

I saw your screen name, do you not understand what happened? Seriously, I believe you can wiki it?

[-] 1 points by pariscommune (205) 12 years ago

you trolling bro? the government slaughtered more then 50 thousand communard revolutionaries when they took back control of the city with the army?

[-] 1 points by LulzMofo (9) 12 years ago

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.

[-] 2 points by mdsmithbsc (27) 12 years ago

Idiot. The federal reserve is not associated with the government.

[-] 1 points by pariscommune (205) 12 years ago

just as much associated as you are which means following the law and thus do what is the interest of the government.