Audit the Fed? What would that accomplish?

[se7ensnakes]

trisketthekid You have been duped: While the aldrich plan did not make it through the glass-owens bill did which was pretty much, according to testimony by an expert witness, the same as the aldrich plan. To argue that the Jekyll Island meeting did not occur is an excise is education because there is much evidence that it did occur including admittance by one of the conspirators.

 

[se7ensnakes]

We don't need the fed, america had two central banks prior and they both collapse. Gone. voted out. American went on to become a first world economy. The idea of a central bank is antiquated. We should have representatives, with access to supercomputers, programs that run money expansion and contraction assimulations, and economic counsels. This idea that the FOMC can actually make altruistic decisions is really truly against human nature. There are simply no angels with halos and wings watching out for us in the FOMC. Sorry but this is a sad fact.

 

[TriskettheKid]

trisketthekid You have been duped: While the aldrich plan did not make it through the glass-owens bill did which was pretty much, according to testimony by an expert witness, the same as the aldrich plan. To argue that the Jekyll Island meeting did not occur is an excise is education because there is much evidence that it did occur including admittance by one of the conspirators.

Oh, how I love it. Isn't it always "according to testimony by an expert witness?"

Anyway, the Jekyll Island meeting took place, the Aldrich Plan is what came of it, the Glass-Owen Act came about after the populist Democrats came into office after the 1912 elections, the Chicago Manifesto from the American Banking Association in August 1913 argued for the Aldrich Plan, and the Glass-Owen Act passed in December.

Long story short, the Aldrich Plan and the Glass-Owen Act were not the same. Anyone who says differently is trying to sell you something.

 

[se7ensnakes]

Everyday I get up and wonder how much i am going to pay for milk today. I see the shoppers down the isle and watch them curse at the supermarket manager for being so greedy and raising prices. As people are intellectually frail, it will take some constant explaining ...But better turn on American Idol...Yeah baby American Idol is on. Dr Kitten American Idol is on!

 

[se7ensnakes]

well I should not need to explain to you who this expert witness is and what he said ...since you could know with just a little reading about what main arguments transpire during the sessions. Yes the Glass-Owen Act and the Aldrich Plan accomplish the same things. No one is trying to sell you anything, you have already bought it...

 

[The Central Scrutinizer]

Looks like we have an escapee from the CT forum!

 

[se7ensnakes]

The main problem with the federal Reserve system is that, through fractional reserve banking 10 dollars of base money created by the federal reserve, becomes 90 dollars in the economy. Because of the multiplier effect this 10 dollars bounces around from loans to deposits from loan to deposits as money gravitates to the banking system, expanding and contracting the money supply. Question: If you were a creative individual how can you figure out to get ungodly rich by planned money contraction and expansion? come on think...dont let the bankers do all the thinking for you!

 

[se7ensnakes]

The central Scruinizer
I have three friends and we are planning to shoplift in walmart. There, i proved it to you...conspiracies do exist. Any questions? Oh wait, is your argument that conspiracies are only for little people? Oops i posted my intentions as a result it could no longer be a conspiracy. Okay my three friends and I are going to do something but i am not going to tell you what it is. Its going to be a C-O-N-S-P-I-R-A-C-Y..... Aaaaaaaaaaaaaaaaaaaahhhhhhhh................

 

[The Central Scrutinizer]

The central Scruinizer
I have three friends and we are planning to shoplift in walmart. There, i proved it to you...conspiracies do exist. Any questions? Oh wait, is your argument that conspiracies are only for little people? Oops i posted my intentions as a result it could no longer be a conspiracy. Okay my three friends and I are going to do something but i am not going to tell you what it is. Its going to be a C-O-N-S-P-I-R-A-C-Y..... Aaaaaaaaaaaaaaaaaaaahhhhhhhh................

Damn, you got me there. I have no response.

 

[Skeptic]

You refer to our currency as "counterfeit" and you want to be taken seriously? Oh that's rich!

These folks (LaRouche fans) used to stand in front of the university where I studied and pass around pamphlets telling us FRNs (Federal Reserve Notes, as they insist calling them, to distinguish them from REAL money, you see) are worthless.

Then they would ask for a donation and I would refused, or I would dip my hand into their "donation" bill and help myself to a $20. When they'd protest, I'd say: "But you just told me this stuff is totally worthless! So what do you care?"

I never actually took their $20, but the expression on their face was priceless.

 

[Skeptic]

The central Scruinizer
I have three friends and we are planning to shoplift in walmart. There, i proved it to you...conspiracies do exist. Any questions?

Yes.

Try to actually perform that conspiracy without getting caught, and see if you succeed.

Or try to organize with your three friends a surprise birthday party for a fourth friend without anybody tipping him off by mistake and keeping in a secret more than a week.

You'll find out it's harder than you think.

Now, imagine how likely it is that your conspiracy -- involving hundreds of thousands of people over a century and more -- actually would be kept secret for so long. Not a single deathbed confession, for example, or signed will admitting part of it. Not one involved ever blurting out the truth to his wife when drunk. Nada. Zilch.

And remember: this super-secret conspiracy is by the same incredibly efficient and perfectly-working government that brought us the DMV, $400 toilet seats, and the Watergate scandal.

 

[The Central Scrutinizer]

These folks (LaRouche fans) used to stand in front of the university where I studied and pass around pamphlets telling us FRNs (Federal Reserve Notes, as they insist calling them, to distinguish them from REAL money, you see) are worthless.

Then they would ask for a donation and I would refused, or I would dip my hand into their "donation" bill and help myself to a $20. When they'd protest, I'd say: "But you just told me this stuff is totally worthless! So what do you care?"

I never actually took their $20, but the expression on their face was priceless.

We used to get the same nuts at the Fed every April 15th, protesting taxes. We had to try to explain to them that the Fed had nothing to do with taxes, the IRS was 6 blocks west. It was like talking to a cement wall. Looks like some of them learned how to use a computer and joined the JREF forums.

 

[se7ensnakes]

Mr Skeptic,
Conspiracies dont have to be secret, just unbelievable to the uneducated. It is a numbers game, it has to function just below the radar of most people. You and mr central scrutinizer miss the class on stratum in the ding-a-ling school of economics you attended did you not? You see these crime banking families have meetings that hire people that hire people that hire people. Now you turn on the television most of the reports are ocassionally on monetary theory or policy. Just enough not to wake the masses from watching american idol and playing video games. You think that all of the 500 channels of television are independent and reporting everything. Consequently, there are only two things that people know about money 1)you need to work to make money 2)you can buy things with it. Now i dont know about you but I tend to think that if you give some stranger your paycheck for management, and he hires lawyers (using your own money) to inhibit my ability to see ALL of what you are doing, maybe, just maybe there might be some hanky panky going on. But thats just me. I for one will like to see the mechanics of the half a trillion foreign credit swap, and specifically how is that going to help these united states. Hell i would want to discuss in detail this half a trillion dollar foreign credit swap publicly. I will like someone managing my paycheck to be approachable and without counsel. I dont know about you central scrutinizer or skeptics but this is how i work. I guess i am unique in that manner.

 

[The Central Scrutinizer]

Mr Skeptic,
Conspiracies dont have to be secret, just unbelievable to the uneducated. It is a numbers game, it has to function just below the radar of most people. You and mr central scrutinizer miss the class on stratum in the ding-a-ling school of economics you attended did you not? You see these crime banking families have meetings that hire people that hire people that hire people. Now you turn on the television most of the reports are ocassionally on monetary theory or policy. Just enough not to wake the masses from watching american idol and playing video games. You think that all of the 500 channels of television are independent and reporting everything. Consequently, there are only two things that people know about money 1)you need to work to make money 2)you can buy things with it. Now i dont know about you but I tend to think that if you give some stranger your paycheck for management, and he hires lawyers (using your own money) to inhibit my ability to see ALL of what you are doing, maybe, just maybe there might be some hanky panky going on. But thats just me. I for one will like to see the mechanics of the half a trillion foreign credit swap, and specifically how is that going to help these united states. Hell i would want to discuss in detail this half a trillion dollar foreign credit swap publicly. I will like someone managing my paycheck to be approachable and without counsel. I dont know about you central scrutinizer or skeptics but this is how i work. I guess i am unique in that manner.

Is there any history of mental illness in your family?

 

[WildCat]

Mr Skeptic,
Conspiracies dont have to be secret, just unbelievable to the uneducated.

There's a difference between a conspiracy and a conspiracy theory. You are firmly in conspracy theory land.

 

[WildCat]

The only person who's said anything in this thread about jews, up until now, was you, and another troll. It's a pathetic attempt at ad hominem, but it's even worse, because I don't even resemble a bigot. So you're attempting to discredit the arguer based on a presumption that isn't even true. The "jew is code word for banker" argument is ridiculous, because that would prohibit any legitimate criticism of "bankers". It's doubly ridiculous because it presumes that the Fed is "run by jews".

The fact that Henry Ford was an anti-semite and decided to use hateful rhetoric in his condemnation of the Fed doesn't have anything to do with the argument against the Fed, it just provides useful idiots the ability to distract from the substance of the issue, which is the fact that the Fed is a corrupt institution.

Just because you substitute "bankers" for Jews" while keeping the conspiracy intact otherwise doesn't excuse you. You are still spouting the same old conspiracy theory, thinly veiled to hide the anti-semitism that created it.

 

[se7ensnakes]

No wildcat and how would you know a conspiracy fact from a theory? You claim that: There was never a Nicholas Biddle who threatened to collapse the economy to get his way; that the jekyll island meeting never took place; that the Federal Reserve did not contract the money supply during the great depression is simply a monumental show of ignorance. Your idea that the politicians and the financial district is working to better america from the kindness of their heart is worst than idiotic...

 

[WildCat]

No wildcat and how would you know a conspiracy fact from a theory? You claim that: There was never a Nicholas Biddle who threatened to collapse the economy to get his way; that the jekyll island meeting never took place; that the Federal Reserve did not contract the money supply during the great depression is simply a monumental show of ignorance. Your idea that the politicians and the financial district is working to better america from the kindness of their heart is worst than idiotic...

What does any of that have to do with auditing the Fed to expose the evil global cabal of NWO types who are out to destroy America and enslave the people?

 

[stilicho]

Really? What was accurate, then? My response was about where the money came from, and the answer is "thin-air", and it's not a pittance.

That depends. How do you define inflation, by an increase in consumer prices? What index of consumer prices do you want to use? The government CPI is cooked. If you define it by the money supply, the Fed decided to stop publishing M3, so we have to estimate it.

But, as I've pointed out before, focusing on consumer prices to measure inflation is exceedingly myopic. That would ignore all of the Fed-induced asset bubbles throughout history. The already vastly-wealthy wall streeters who received the bailouts aren't really going to ramp up their consumption of food and energy, were these actually accounted for in CPI. They might add another Bentley to their car collection. What they're sure to do, however, is buy assets like stocks and bonds, to increase their relative share of the production pie. This will undoubtedly allow them to consume more than their fair-share in the future.

Of course it's worth pointing out, again, that monetary inflation is a tax, and even if the CPI weren't understated and indicated a price change of 0, you would still be paying a tax in the form of an opportunity cost. You see, in a robust and technologically advanced society such as ours, prices for goods and services will be in a constant state of decline - things get cheaper as we produce more. It's only the persistent debasement of our money that keeps prices stable, or going up.

It's not my fault that most people don't understand this, it's akin to how people perceive taxes withheld much differently than taxes paid.

How did I know before I opened this thread that it was going to turn into a Tippit thread?

Any word on that independent wealth you've claimed to have acquired? Which companies were those again? And how did you accomplish that without 'thin-air' currency and regulated bank financing? Were you born rich? Lying?

Hmmm?

 

[KoihimeNakamura]

No wildcat and how would you know a conspiracy fact from a theory? You claim that: There was never a Nicholas Biddle who threatened to collapse the economy to get his way; that the jekyll island meeting never took place; that the Federal Reserve did not contract the money supply during the great depression is simply a monumental show of ignorance. Your idea that the politicians and the financial district is working to better america from the kindness of their heart is worst than idiotic...

Because if America prospers /so do they/