Forum Post: Make the Fed a Public Utility
Posted 10 years ago on Dec. 23, 2013, 11:47 a.m. EST by AlwaysIntoSomething
(42)
This content is user submitted and not an official statement
http://www.counterpunch.org/2013/12/23/time-to-make-the-fed-a-public-utility/
Regardless of what your take and/or solutions to the Federal Reserve are, something has got to be done.
Over 4 Trillion taken from the people and dumped right into Wall St the last 5 years. Its an out of control train, and it is going to crash.
Just like every other out of control train throughout history.
''100 Years Is Enough : Time to Make the Fed a Public Utility'', by Ellen Brown :
''December 23rd, 2013, marked the 100th anniversary of the Federal Reserve, warranting a review of its performance. Has it achieved the purposes for which it was designed ?
''The answer depends on whose purposes we are talking about. For the banks, the Fed has served quite well. For the laboring masses whose populist movement prompted it, not much has changed in a century.'' Further in compliment to the ever excellent Ellen Brown, I append and recommend :
''What the World Could Be : Short Video Offers Economic Solutions'', by Carl Herman : http://www.informationclearinghouse.info/article37141.htm ;
''Let Them Hear the Rumble! Invest in People, Not War'', by Ralph Nader : http://www.informationclearinghouse.info/article37169.htm ;
''Manipulations Rule The Markets'', by Paul Craig Roberts : http://www.informationclearinghouse.info/article37181.htm & ..
''Four Horsemen'' (Video Feature Documentary) : http://www.informationclearinghouse.info/article36506.htm .
radix omnium malorum est cupiditas ...
aww... don't worry... it'll trickle down in a couple hundred years
Or...........you could sign and promote an Occupy supported petition.
http://interoccupy.net/blog/a-patriotic-reform-of-the-fed/
Unless of course you still harbor an incredibly false fear of moveon.org
Only four trillion?
Didn't you hear about the 16 trillion they materialised and handed out to foreign corporations and banks across Europe?
The audit of the fed exposed that ruse, but again, nothing was done about it.
I've heard about a lot of trillions being given to this bank here, that bank here, sometimes its hard to tell whats real and whats not.
But QE1, QE2, QE Twist and now QE Infinity (85 Billion a month) are all part of the current administration policy, so I take that as 100% true.
Lord only knows how much money they have stolen and redistributed.
The question is, why was it "under-reported"?
http://news.yahoo.com/feds-16-trillion-bailouts-under-reported-172631015.html
Same reason everything with the Fed is under reported, the puppet masters like it that way.
Imagine if every time they robbed 85 Billion it was the lead story? Shit would change real quick.
Makes me wonder about fiscal policy from US trading partners.
China is cautiously moving away from the petrodollar, and the fed is having to purchase most of the bonds that China was absorbing.
Even Wall st knows that this 'trend' cannot continue forever.
To taper, or not to taper. Its incredible that this is even a question.
On one hand, the economy is completely dependent on bailouts at this point, being that Wall St is addicted, and Wall St runs the government and the fiscal policy.
On the other hand, there is so much disinformation, shit reporting and clutter, the people have absolutely no clue what is going on.
That being said, 5 years into this massive global reshuffling, what is to stop them from getting the DOW to 30k?
Just like the housing "bubble", it's only a matter of time before this one bursts, as well.
They can only make money on interest and dividends unless the markets go up and down, they can make as much when the market goes down as when it goes up.
The fiscal policy is probably similar to Enron. Make electronic journal entries and sign off on the accounting.
With TBTF, a crash means a bonus.
Or, more correctly, a "performance" bonus.
Sounds like they are circus animals, really.
I had been assuming collapse would happen soon. Someone suggested they might do this for 15 years!
I think this right now, this kind of Wall St takeover, is prob just the new norm.
The economy is still in the tank, yet the votes keep coming in and stores were still packed for Christmas. Why crash it now? They have us right where they want us.
Did you know that FDR moved Thanksgiving back a week to extend the shopping season? I saw that "fact" the other day, not sure if its true or not.
Those stock options are worth more and more as the market goes up. Timing for a crash is planned, but I agree, why would they want a collapse now? Perhaps a mini crash after they cash in their options.
wow AIS... thanks... never heard that
Damn, you learn something new every day:
http://en.wikipedia.org/wiki/Franksgiving
Riding roughshod over the rest of the world is the privelige of Empire.
Up until the plebs revolt, and there's no telling how/when that might occurr.
Exactly. BTW, they will claim we, "need", their professionalism when there's a bubble burst, thus another, "performance", bonus.
Why can't the plebs just eat cake? lol
Watched the new release "Elyssium" movie yesterday.
Kinda sums up where things are heading for the plebs.
Not a great film, by any measure, but a fair comment on the growing divide, between the entitled, and the rest.
I saw it and agree. Only recently did I understand how China controls their population, millions just have to wait until the government allows them to leave their farms. It's still strange that their building boom has not crashed with miles of homes, businesses, malls, parks, etc., completely unused because no one can afford to live in them.
The rest of the world is literally pouring their money into the Chinese economy.
Even gift cards and envelopes emanate from the last bastion of dictatorial communism on Earth.
They are our manufacturing base, because of simple cost issues.
Currency is never a problem, when people keep throwing it at you.
I thought that film did a good job of showing what our current views on healthcare are.
I had to chuckle when I saw a ribbon-cable PC connector at the back of Max's head-set.
The film covered several current issues for mine.
Megalomania and chronic narcissism was to the fore.
Its incredible to be able to have control over the events, be able to see into the future.
Talk about a rigged market!
Maybe for the same reason 911 Truth was over reported. People don't know what's important anymore.
Creating and distributing a sum larger than the national debt is nothing to worry about, and clearly not worthy of comment in the media.
[Removed]
95 Billion today, this is insanity built upon insanity...
http://www.zerohedge.com/news/2013-12-27/today-fed-soaked-record-95-billion-excess-liquidity-sloshing-around