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Forum Post: Make the Fed a Public Utility

Posted 11 months 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.

28 Comments

28 Comments


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[-] 4 points by shadz66 (19985) 11 months ago

''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 :

radix omnium malorum est cupiditas ...

[-] 1 points by BradB (2693) from Washington, DC 11 months ago

aww... don't worry... it'll trickle down in a couple hundred years

[-] 0 points by shoozTroll (17632) 11 months ago

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

[-] -1 points by Builder (4202) 11 months ago

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.

[-] -2 points by AlwaysIntoSomething (42) 11 months ago

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.

[-] 0 points by Builder (4202) 11 months ago
[-] -1 points by AlwaysIntoSomething (42) 11 months ago

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.

[-] -1 points by Builder (4202) 11 months ago

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.

[-] -1 points by AlwaysIntoSomething (42) 11 months ago

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?

[-] -1 points by Builder (4202) 11 months ago

Just like the housing "bubble", it's only a matter of time before this one bursts, as well.

[-] 4 points by windyacres (1002) 11 months ago

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.

[-] -1 points by Builder (4202) 11 months ago

With TBTF, a crash means a bonus.

Or, more correctly, a "performance" bonus.

Sounds like they are circus animals, really.

[-] 4 points by windyacres (1002) 11 months ago

I had been assuming collapse would happen soon. Someone suggested they might do this for 15 years!

[-] 0 points by AlwaysIntoSomething (42) 11 months ago

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.

[-] 4 points by windyacres (1002) 11 months ago

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.

[-] 0 points by BradB (2693) from Washington, DC 11 months ago

wow AIS... thanks... never heard that

[-] -1 points by gnomunny (6885) from St Louis, MO 11 months ago

Damn, you learn something new every day:

http://en.wikipedia.org/wiki/Franksgiving

[-] 0 points by Builder (4202) 11 months ago

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.

[-] 3 points by windyacres (1002) 11 months ago

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

[-] 0 points by Builder (4202) 11 months ago

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.

[-] 3 points by windyacres (1002) 11 months ago

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.

[-] 0 points by Builder (4202) 11 months ago

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.

[-] -1 points by AlwaysIntoSomething (42) 11 months ago

I thought that film did a good job of showing what our current views on healthcare are.

[-] 0 points by Builder (4202) 11 months ago

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.

[-] -1 points by AlwaysIntoSomething (42) 11 months ago

Its incredible to be able to have control over the events, be able to see into the future.

Talk about a rigged market!

[+] -5 points by revolutionman (-106) from Kentland, IN 11 months ago

Maybe for the same reason 911 Truth was over reported. People don't know what's important anymore.

[-] -1 points by Builder (4202) 11 months ago

Creating and distributing a sum larger than the national debt is nothing to worry about, and clearly not worthy of comment in the media.

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