Wednesday Open Thread: Federal Reserve Edition
by PubliusToday, in 1913, President Woodrow Wilson signed the Federal Reserve Act, creating the Federal Reserve. Less than 100 years later, the head of this institution would become Time’s Man of the Year.
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Can we hang Bernanke by the short hairs?
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The impressive list continues.
Obama was Man of the Year last year, now Bernanke.
Politicians and those appointed by them NEVER deserve to be "Man of the Year"! They are all just sucking from my tax money. How about "Man of the Year" coming from the private sector where the real people are found?
Once the dollar crashes from this fool's reckless print money spree… and inflation is at double digits…. people will wince at the very mention of the name "Bernanke"- much like the Dear Leader himself.
And I'd like to see Soros' USD short position as he has Obama tank the greenback— disgusting
http://reaganiterepublicanresistance.blogspot.com...
So what's going on here? Are they trying to redefine "bad" as "good"?
Let's not forget that Time chose Hitler as man of the year in '38 however…. Hmm…
Just in case you didn't know the Federal Reserve is a private company of bankers with twelve branch banks that confiscate our money and they have been doing this for almost a hundred years,— this time!They are not part of the United States Government. Yet today they collect hundreds of billions of dollars from American taxpayers every year.
Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".
In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".
Sound familiar??
MAD Magazine probably could do a better job picking out the so-called "Man of the Year".
"So what's going on here? Are they trying to redefine "bad" as "good"?" – yes, that's exactly what's going on. when it's good for the Left, it's bad for the country. Remember that. When we hear the fringe media crying and whining about something, it's very likely good news for our country.
Ben Bernanke works for the Federal Reserve who works for the World Banks who are owend by Bilderbergs. Thanks Time, so the Tea Party, that didn't have much of an impact on the average American? It's real nice know you are doing your job, you know letting the American People know what is really goung on in the world and not pushing a leftist agenda.
Merry Christmas Time.
yeah, this topic should bring us crazy folks out from under our rocks… 2 disasterous events for our country happened in 1913. The 16th and 17th ammendments. The 16th brought us the Fed/Res and their debt based monetary system – Bretton Woods. Bretton Woods only puts value on debt, if every debt was paid off there would be zero dollars in our economy. Using a debt based system inevitably puts the Fed/Gov in opposition to the fiscal principles that individual families must practice to build wealth. Remember on 9/12/01 Bush's proclomation that we must go spend?-even though our country's citizens had one of the lowest savings rate of 1st world countries? And now the Bretton-Woods inverted pyramid of debt ponzie scam has reached the critical point of being so top heavy we now have to create trillions in government debt just to keep it from cratering… remind anybody of Madoff?( what an appropriate name for a ponzie scam) FED/RES is a bankers ponzie scam that was legalized(stupidly) by the 16th ammendment and inevitably puts our federal government in direct opposition with it's citizens.
Rckmom you are correct, every time one of these "crashes" occur where do you think that money ends up?
We hve been systematicaly been shaken down periodicaly ever since 1913. Ron Paul has been trying to end the Fed for years. Now he has legislation pending to at least audit the Fed, bet that gets watered down at some point.
It will probably be the safe school Czar Jennings. I can see the book "Fist Deep". These guys are not repersentative of our Country and they seem only ready to destroy the things that made us great.
Do you remember Hitler was man of the year? I bought the Bernanke copy to hold for the future. If we hit hyper inflation in 2 years and see a the tanking of the dollar, this may be worth some real money. Of course a loaf of bread will cost $100 or more.
It is bad when Castro and China are telling him to stop spending!
I was so shocked that no one had ever audited the Fed before. Who knows we may own a couple of countries and not even know it. These guys have too much money and authority not be under the microscope.
almost, but not quite right there Jeff… Fed/Res is not us, it's them. and our country will not be the first country they own.
The United States of America has reached a stage of critical mass. The ILLEGAL President of the United States is making laws that are Constitutionally illegal. The ILLEGAL President of the United States violates ARTICLE 2 SECTION 1 because of his non-citizen father. The Senate with the aid of this ILLEGAL President is making a shameful mockery of the legislative process with it's ill obsession of making a law that is not needed in the haste of time when it ought to be sternly focused on jobs and the economy and the conflict in the Middle East. There is a CODE of SILENCE in play here in America by the Main Stream media regarding the blockage and prevention of just a simple public discussion or debate regarding this ARTICLE 2 SECTION 1 violation. This CODE of SILENCE makes all main stream national news outlets COMPLICIT in this violation which can further suggest there is collusion between the MSM and the government to keep an ILLEGAL President in the White House. This is truth! This is fact! There are three examples on historical record that define ARTICLE 2 SECTION 1 and the very important but intentionally ignored Constitutional phrase NATURAL BORN CITIZEN which Barack Obama is not and yet a person can tell by the CODE of SILENCE that this violation of the U.S. Constitution is not news worthy or like I have said, they are in collusion with Obama to cover up this AMERICA'S CRIME OF THE CENTURY! Mr. Breitbart, why aren't you and this news site reporting on this NEWS STORY of the CENTURY regarding the AMERICAN CRIME of the CENTURY? Who's pointing a gun to your head? All you have to do is report that there are American citizens in America that strongly believe that Barack Obama is an ILLEGAL President and should be stopped before he does any more internal damage to the United States of America!
Audit the Fed NOW!
Merry Christmas to all!
Representative Charles A Lindbergh Sr. stated, "This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government of the monetary power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed… The worst legislative crime of the ages is perpetrated by this banking and currency bill."
Interestingly, only a few weeks earlier, in October, Congress finally passed a bill legalizing direct income tax of the people. This was in the form of a bill pushed through by Senator Aldrich, which is now commonly known as the 16th amendment. The income tax law was fundamental to the Federal Reserve. This is because the Federal Reserve was a system which would run up, essentially, an unlimited Federal debt. The only way to guarantee the payment of interest on this debt was to directly tax the people, as they had done with the Bank Of England. If the Federal Reserve had to rely on contributions from the States, they would be dealing with bigger entities, who could revolt and refuse to pay the interest on their own money, or at least bring political pressure to bear in order to keep the debt small.
some recent evidence has come forward as to who owns the Federal Reserve, and they are the following banks: Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Banks of Italy, Goldman, Sachs of New York, Warburg Bank of Amsterdam, Chase Manhattan Bank of New York. Also some argue that the Federal Reserve is a quasi-governmental agency, yet the President appoints only 2 of the 7 members of the Federal Reserve Board of Governors, every four years, and he appoints them to 14 year terms, which is far longer than any term he could possibly serve as President. Let's summarize how the Federal Reserve creates money out of nothing. It is a four step process: The Federal Open Market Committee approves the purchase of United States Bonds*. The bonds are purchased by the Federal Reserve. The Federal Reserve pays for these bonds with electronic credits to the seller's bank, these credits are based on nothing. The banks use these deposits as reserves. They can loan out over ten times the amount of their reserves to new borrowers, all at interest.
The real scheme of the Banking system is that we can not pay back any loan that charges interest. Simply because that when the loan was made, only those funds went into circulation. Funds for interest were not in circulation, therefore, shorting the economy of cash. To correct this, they would make more loans, and promote more borrowing. This then becomes an inflationary cyclle. Everybody gets blamed for this Operation except the Fed. They jammed their $ program down our throats, too, at Xmas time, when the citizens were all pre-occupied with holiday activities. Eventually, the "Fed" would end up with the Peoples' Assets…so, they loan money to other countries, who loan their funds to us…..
The SCAB Marxists, New World Order groupies want to re-distribute our wealth to countries who just can't seem to develop their own resources by themselves…..So, they've got their sliipery hands in our pockets. When, all they have to do, is install a "federal" Reserve Bank in that under-developed country. Have the Country's' Treasury borrow money from the Fed, and have those funds available for the development of the countries' resources….
Think of the Monopoly Game…To start the game money has to be issued…The money pegged" to a value.
3 questions for the passionate 'Audit the FED' folks..
. Do you understand that the very substance of Fed/Res is debt?
. Are you out of debt yet?
. Why not? – it's the most sound fiscal principle to practice and is also the most lethal weapon to use against FED/RES. GET DEBT FREE and experience freedom like most cannot imagine.
In the past, I think the banks could loan out 29 times their asset value….During the recession in the early 80's, money was tight. I couldn't get a re-finance on my house. which was $40K. I told the bank(s) I would deposit $3,000 in their bank, and then give me a loan….They at the time at least considered it, and eventually I got my re-fi pkg. The same bank was loaning $ for So Amer and Mexico business interests at 3%….And they charged me 17-1/2% on my re-fi. !!@#$%
The folks over at Time magazine think that Ben Bernanke , in addition to being "man of the year, is also responsible for saving the world, containing swine flu, and curing global warming………………all before lunch.
Especially debts with interest charges. There is not enough money in circulation to pay off the National Debt. The CA State debt, my State of WI state's debt, It is very difficult to get out of debt, especially if a person is a homeowner wlmtg. Most of us conservatives have been working on this situation continually. We have a huge inflationary situation on the horizon now….My fixed retirement incomes are not going to be able to handle this even if I'm debt free….
Order this booklet for $3.79 "Billions for the Bankers, Debts for the People" from America's Promise Ministries.
http://www.amprom.org I don't you can find this booklet in the typical Christian bookstores as Traditional Christianity has really "missed the boat" concerning our Fraudulant Money System(s), and wouldn't have something contrary to our "traditional" systems….generally.. Your local John Birch society may have it available.
The very best Money System is spelled out in the Old Testament, generally in the book of Leviticus and other areas. When Jesus said: The Poor You Have with you always" was a huge slap in the faace to the establishment….It was against the law(s) to be poor!!!!!and their money system was acting in a criminal fashion…at the time of Christ anyhow…..Money is simply the "3rd party" in a two way trade. Also, the common denominator between the exchange of goods and services…and yes, we can make it more complicated than that, of course..
It's "most influential man of the year," right? Kind of like Barbara Walters' "most fascinating people of the year"–it's not technically the "Man of the Year".
None can deny that Hitler was pretty influential in '38. And Bernanke, for good or ill, influenced the world quite a bit this year.
Bernanke is being setup, just like Geithner and Orszag, to take the fall and the blame when it all hits the fan. That's my theory, and I'm sticking to it. It's how things are done in Chicago.
It's good to see:
WHITE HOUSE HONORS JOLLY FAT MAN
http://naturalfake.wordpress.com/2009/12/23/white...
No, not Santa, you bourgeois backslider!
Did Woodrow Wilson create this monstrosity before or after he segregated the races? Wasn't that Progressive? Can we impeach retroactively?
Want to know more than you really want to know about the FED-RES/IMF world? Read the book The BROTHERHOOD OF MONEY – The Secret World of Banknote Printers by Murray Teigh Bloom.. It's a little hard to find, libraries are most probable.. Amazon has used copies. I sold my copy there for $300, setting the price low compared to others for a quick sale. : ~} HOW GREAT IS THAT? :~}
It's an inside look at the families that print national currencies around the world. A must read if your looking for the truth.
AUDIT THE FED !!!!!
Yea man of the year for destroying america . Fits right in with the hating left and the limp wristed media.
Imagine my surprise when I saw that Bernanke was give Person of the Year..he and his douchebag buddy Geinther are responsible for this mess….those that want to blame Bush need to realize Bernanke and Geinther ran the show under Bush, and Dems controlled most of the House after the 06 elelctions…still, did you know that as of last Friday, 132 banks have failed THIS YEAR ALONE? Why hasn't any media covered that? There have been a few banks that failed and the FDIC hasn't found another bank to take on their assets! Person of the Year….more like Con-man of the Year (he should share it with Madoff and Geithner….don't get me started on how sweet Geithner came through for his AIG buddies)
Good Post……Ron Paul is trying to stop this crap, but I'm afraid the FED is too powerful.
Brody – your point is good. Bernanke and Geinther are the most dangerous puppets on stage. The Oracle puppet at center stage is secondary in reality. But, it's the puppet that draws the eye and ear.
It is sad that the masses don't seem to notice the blatancy of the failed banks and the results. It's the banks that were 'too big to fail' getting even bigger by aquiring the assets of the banks that are apparently small enough to fail. Now that makes a hell of a lot of sense, eh?
[...] here to see the original: Big Government » Blog Archive » Wednesday Open Thread: Federal … By admin | category: Uncategorized | tags: california, formation, gets-bailed, new-nation, [...]
"Article2 Section 4.
The President, Vice President and all civil officers of the United States, shall be removed from office on impeachment for, and conviction of, treason, bribery, or other high crimes and misdemeanors. "……….
I think we could get rid of the whole nest of rats in DC using A2S4 of the constitution…..anybody know a GOOD lawyer??
Amen brother!
Everyone's just being stupid!!!! The fed makes the money. End of story. If they wouldn't make the money, Congress would. Do you really want Congress to make money?????????? It's ALWAYS controlled by liberals. That's a fact.
That's dangerous. If we start impeaching presidents retroactively, then they're going to impeach Bush; and he was the man.
So, if you create a massive financial problem, then come to the rescue and "fix" it with taxpayer dollars, Time makes you Man Of The Year?
Only in America!
funny Jim :~} — I was too distracted by the shadows of the jail cell bars across his face to notice the tail feathers.
funny SW :~} — I was too distracted by the shadows of the jail cell bars across his face to notice the tail feathers.
My money is on the blue smurfs from Avatar.
Letter I wrote this morning to Karl Rove. This needs to get out in all the news – spread the word of this Obama sick madness!
Karl!!
This is beyond the pale….please get this out in the news.
My son, an SSG in Army, stationed at Vilseck, Germany in the 2nd Cavalry is home now on leave for Christmas, and he told me that on the Armed Forces TV Network, they used to get Bill Oreilly at noon and Glenn Beck at 8 pm. But the Obama administration has cancelled Fox News entirely and put MSNBC in it's place with Chris Mathews! My son said that Chris Mathews is a stupid hateful anti-american sob and the soldiers are enraged that the Obama administration is limiting what they can see to only channels that are speading Obama's propaganda on tv, and that Fox News is no longer available! Please get this out in the news.
Please check into this through your channels Karl and get this out in the news! This Obama sick madness has got to stop!!
Then we could go back and do Clinton. Oops. Too late.
You know when the founding fathers were crafting the Constitution, they pondered what do they do with a President who either loses office, or chooses not to run again? After all, having been President was it appropriate for him to return to public life just like any other citizen?
I think it was Washington (not 100% sure) said, after being a public servant, returning to private life as a citizen would be a promotion.
Hear! Hear! Well said.
The Fed has the authority to make the money and congress doesn’t.
Congress is the government and the Fed is a private bank.
Hence the problem.
Funds for interest were not in circulation, therefore, shorting the economy of cash.
The reason your assumption is incorrect is that you are neglecting something known as "The Time Value of Money". If the loan were due back the next day, you would be correct. Since it is due back over a period of time, why would you expect to pay back the amount you borrowed and not incur a cost for the use of the money? If you borrow money for a constructive purpose, let's suppose to create a widget and sell it, then Your sale price should be (MyLoan * the Time value of money) -my cost of production + my profit. You then pay back your interest from the entrepenurial use of money.
I completely agree and support you view. This has been an issue that "was" addressed when Obama/Barry announced he would run for POTUS. The DNC was confronted in regards to him not fulfilling requirements set forth in our Constitution. Perhaps that is why the DNC 'Official Certification of Nomination' states: This is to Certify that at the National Convention of the Democratic Party of the United States of America, held in Denver, Colorado on August 25 through 28, 2008, the following were duly nominated as candidates of said Party for President and Vise President of the United States respectively: For President of the United States.
There, they "Certified" an unqualified Candidate. Further more, there is "NOTHING" in this Certification of Nomination regarding Obama being qualified under the Constitution. There were "TWO" version drafted & signed on the same date, August 29, 1008. The one that "DID NOT" get sent or filed to each state across the United States included "and that they following candidates for President and Vise President of the United States are legally qualified to serve under the provisions of the United States Constitution:"
Why did Nancy Pelosi, Chair, Democratic National Convention have two versions drafted? Why was the Constitutional provisions removed?
Well Cot-Damn!!! You moderates should really try reading the constitution sometime. Don't rip on the Fed: they print the money. You moderates always rip on Congress. So would you like Congress to print the money???
Here's a good book on just want banking, money, fractional reserve banking, inflation, and a host of other mysteries of the Fed. I got last about 3/4 of the way through it, but the first half is an excellent primer on how we got to this point. Would make a wonderful Christmas present to your self.
http://www.amazon.com/Mystery-Banking-Murray-Roth...
Of course they could, Alfred E. Nueman would have been a better choice.
"This 'paper money' of which you speak is, truly, nothing more than fool's gold!" -Thomas Jefferson
holy.. griswold is not a moderate and your name calling pushes people away. I will not speak on the fed other than to say we have a real problem that is bankrupting our country and the fed is part of that problem.
Ron Paul is the only politician I have ever donated money to. It was during his primary run in 2007.
Holey moley, great balls of fire! We're missing the real point here, which is that HolyLibertarian made what I believe to be the best summation of all arguments ever made on this web-presence…I'mma let you finish in a minute…but that Libertarian ("Everyone's just being stupid!!!!!") had one of the best arguments of all time…
It is the GREATEST STRORY NEVER TOLD!!! The code of silence goes on and yet to be broken, will the truth ever surface? It is a sad state of affairs when "THE PEOPLE" become the investigative reporters and the MSM is nothing but a tool for an increasingly Marxist government. You know and we all know we are in a Coup, the sooner we all get our heads out of our butts the better for all of us. Denying the problem and turning a blind eye will only hurt us in the end. If the news agencies are being coerced by Obama, that needs to get dealt with by the people and the rule of law. By our government allowing this means they are complicit, we have have no rule of law, only the rule of men and our Constitution and Bill of Rights are gone. Better to know that now, than later, when our ability to speak out is taken away. Until then I will shout out to all who will listen: we have a usurper in the White House, our Constitution is being shreaded, our freedom, way of life and system of government is being changed into Socialism.
This quote from Cicero says it best:
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague."
red…. we as people really don't know what is going on at the fed.. I can't say it is good or bad because we have no real facts to determine anything. The fed does more than print that is all we know for sure.
Oh c'mon people!
Just because the Fed has the printing presses rolling at the tax payers expense so he can fill the coffers of big banks which in turn are buying the bonds backing the printing so Obama can be the next FDR doesn't make him a Bernie Madoff because Bernanke does it legally.
You people are just greedy, don't you realize this is about democrat majorities and Obama finishing FDR's dream of Fabian central planned bankster controlled socialism. You people are so selfish!
I think the key is not having anyone or anything do it. Gold standard, good bye inflation, good by recessions, depressions, and the business cycle. No one's money or savings ever loses any value.
Better yet, get this info to Rush, Hannity and the like. They have a much bigger audience than Rove.
Speaking of Rush, he's on vacation till Jan. 4. Mark Steyn is subbing on Monday. And he's a lot more easy to contact than Rush.
http://www.steynonline.com/
mark@steynonline.com
Damn right I am!
At the risk of shameless self promotion there is an article at Threedonia on the helathcare legislation that everyone should take a look at. It covers how section 1343 does to healthcare exactly what the Urban Renewal Acts did to banking (like causing the recession). You can read the article here:
http://www.threedonia.com/archives/17802/comment-...
Also please, please forward to as many of your friends as possible. The more people are informed the better our chances are. We might have lost this battle to a very corrupt Federal Government but we can still fight at the state level. Merry Christmas to all.
The hell we are, we are Americans.
The hell we are, we are Americans. Troll
We have become a nation run by pretenders. Our media pretend to be news people, our congress critters pretend to be honorable, and our president pretends to be an american. Is there not amongst the people of the media an honest and straight forward person of journalistic integrity?
You forgot one small detail the frozen 435 membership of the House of Representatives also in 1913. Article 1 Section 2 a.k.a. the 30,000 rule. 1 congressional district 30,000 constituents. So with our population at 300 million that would mean 10,000+ members of congress that is how we could abolish the Federal Reserve and many other treasonous acts. The 16th amendemnt created the Fed's enforcer the IRS you can check out http://www.thirty-thousand.org for more details. In 1913 we los tour complex Republic and became a Democracy now we are socialiists and soon a fiat dictatorship.
Lehman is extinct.
Beautiful analogy!
Sure, if congress enforces the 30,000 rule http://www.thirty-thousand.org
I'm sad to say Mr. OleTex that circumstantial evidence shows that every single news pundit that has the ability to sit in front of a nationwide TV camera and pretend that they are concerned about the wrong on goings in America and to the American people as they talk to that camera are only in reality beholding to their masters and not the American people like they falsely claim! Glenn Beck is owing his soul to somebody, he will not touch Article 2 Section 1 with a hundred foot pole! Hannity has a gun pointing at his head too! O'Rielly is too busy looking after his hypocritical self instead of looking out after you! I'm reserving criticisms of Breitbart for the time being only because he is to new to me and want to give him time, but I will say that idea too is starting to look dim! There is not one single human being that sits in front of a nationwide news camera who has the American Patriot Decency to raise to the level of public awareness this blatant violation of Article 2 Section 1! Not one!
Thank You! I appreciate your words!
At first glance this cover on Time makes him look like a Peacock (and that would fit his self egotistical view)….but upon real close investigation, I realize…..nope….not a peacock…..
ah….yes….now I see. it is coming into focus……..he looks like a Turkey!!! See all the turkey feathers behind his head??? Way to go Time in capturing his true essence!
Aww, ain't they cute!
It's:
THE ISLAND OF MISFIT POLS
http://naturalfake.wordpress.com/2009/12/23/the-i...
Will they ever get to go home?
Except for the minuscule debt on my credit cards (primarily to keep my credit rating current, should I need it) I am debt free. Paid off the house in 8 years, truck 2 years early too.
I read Rothbard's book on the mystery of banking and it really is scary how all this stuff works.
If person A deposits $100 dollars in my bank, then the total fictional money supply is $100. If I load out $50 of that to person B, I owe person A $100 and person B owes me $50, which means the total fictional money supply has just been increased to $150, based upon nothing more than my promise to return $100 to person A.
Did you ever think your son might be delusional?
It's time that the whole house of cards that is the Fed collapses in on itself.
So what's your point? Supposing that we did have "facts" (of course the determination of what constitutes 'fact' is another existential debate in and of itself), what difference would it make? Do you really believe that "we as people" have either the skill or training necessary to make any real changes?
And why are you getting all bleeding-heart on my man HolyLibertarian? Name-calling got you down? Why don't you go cry about it, Glenn Beck?
Seriously! And hats off to him for his courage sitting around up in Vilseck pissing us all off…you all need to return home.
Bil, you missed the irony. I imagine it's symptomatic.
Well another hater show his colors.. The gold standard is fine with me.. Why should the government and the kings be allowed manipulate our economy to get rich instead of working for it.
The government should maintain the authority to print money.
If the congress decides when the government prints money and the elected members of congress are a little less corrupt then all the better!
I think this video will blow this wide open for you…..seriously!
It’s a little long but it will change your view I guarantee it, you seem open enough!
http://video.google.com/videoplay?docid=-16568803...
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