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Forum Post: The Federal Reserve controls our money and have failed their job of low inflation+unemployment

Posted 2 years ago on March 4, 2012, 8:52 p.m. EST by FedWallFedWellFedUP (183)
This content is user submitted and not an official statement

The Federal Reserve (a private banking corp. that controls our money) has a dual mandate of low inflation and low unemployment have failed at both for over a decade.

3 Comments

3 Comments


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[-] 1 points by Mowat (164) 2 years ago

The Federal Reserve of Israel. Way to go. Keep up the inflation and unemployment in the US and shift the funds to Israel (with more confiscated land from Lebanon, Syria, and Jordan), the Next Super Power where 50 million Jews will rule the world. The Goy slaves will then serve the Chosen People as dictated by Lucifer until the end of time.

Way to go FED-ISRAEL!

[-] 1 points by PublicCurrency (1387) 2 years ago

Under the Constitution, Article I, Sec. 8, our government has the sovereign power to issue money and spend it into circulation to promote the general welfare, for example, through the creation and repair of infrastructure, including human infrastructure – health and education – rather than misusing the money system for speculation as banking has historically done; periodically causing one crisis after another. Our lawmakers must now reclaim that power!

Money has value because of skilled people, resources, and infrastructure, working together in a supportive social and legal framework. Money is the indispensable lubricant that lets them “run.” It is not tangible wealth in itself, but a power to obtain wealth. Money is an abstract social power based in law; and whatever government accepts in payment of taxes will be money. Money’s value is not created by the private corporations that now control it. As Aristotle wrote: “Money exists not by nature but by law.”

Unhappily, mankind’s experience with private money creation has undeniably been a long history of fraud, mismanagement and even villainy, and the present crisis could become the worst yet! Banking abuses are pervasive and self-evident. Major banks and companies focus on abusing the money system instead of production. Billions have been stolen, trillions more are being shamelessly grabbed in so called bailouts! Much of our leadership is acting like patsies, instead of protecting our people as the financiers rape America.

Private money creation through “fractional reserve” banking fosters an unprecedented concentration of wealth which destroys the democratic process and ultimately promotes military imperialism. Less than 1% of the population now claims ownership of almost 50% of the wealth, but vital infrastructure is ignored. The American Society of Civil Engineers gives a D grade to our infrastructure and says it will soon be a D-; and estimates that $2.2 trillion is needed to bring it to safe levels over the next 5 years!

That fact alone shows the world’s dominant money system to be a major failure crying for reform.

http://www.Monetary.org

[-] 0 points by thejuice (7) 2 years ago

Damn sheeple stop spending money that you don't own and can never pay back. You are causing inflation and making my hard earned dollar loose its value. You can't afford that new truck and house so don't by it.