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May 6, 2009 at 1:11 PM #15617May 6, 2009 at 5:01 PM #394022ArrayaParticipant
The Fed is an odd entity. It falls under the “federal instrumentality” umbrella. Mostly for taxation purposes. It is legally a corporation with private shareholders and it is for profit, granted a portion of the profits go back to the Treasury. Though, as Greider says “literally protected from political accountability”. My question is why the facade? Either, legally give it accountability or make it fully private bank. We can’t see it’s books and it’s members come from the private sector anyway, (cough) Goldman Sachs. As well as own stakes in it. So, lets just call it private and cut the bullshit.
The big story in the news that goes unnoticed, for some reason, is the fight going on in congress to see the Feds books. This is a big story, IMO.
Think about it for a second. A supposed federal agency is refusing to let us know where are money is. Because, “there could be severe consequences to the economy”? Ok, dude, hand over the books…
It is literally private banks controlling the country via threat of financial destruction.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNX4ZbLkEXtA
Sanders, in a statement after the hearing, threatened to pass the measure again “in a stronger form” if Bernanke failed to accept it. Bernanke told Sanders in February that identifying borrowers would be “counterproductive” and result in “severe adverse consequences for the economy.”
Where did the trillions go?
May 6, 2009 at 5:01 PM #394498ArrayaParticipantThe Fed is an odd entity. It falls under the “federal instrumentality” umbrella. Mostly for taxation purposes. It is legally a corporation with private shareholders and it is for profit, granted a portion of the profits go back to the Treasury. Though, as Greider says “literally protected from political accountability”. My question is why the facade? Either, legally give it accountability or make it fully private bank. We can’t see it’s books and it’s members come from the private sector anyway, (cough) Goldman Sachs. As well as own stakes in it. So, lets just call it private and cut the bullshit.
The big story in the news that goes unnoticed, for some reason, is the fight going on in congress to see the Feds books. This is a big story, IMO.
Think about it for a second. A supposed federal agency is refusing to let us know where are money is. Because, “there could be severe consequences to the economy”? Ok, dude, hand over the books…
It is literally private banks controlling the country via threat of financial destruction.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNX4ZbLkEXtA
Sanders, in a statement after the hearing, threatened to pass the measure again “in a stronger form” if Bernanke failed to accept it. Bernanke told Sanders in February that identifying borrowers would be “counterproductive” and result in “severe adverse consequences for the economy.”
Where did the trillions go?
May 6, 2009 at 5:01 PM #394552ArrayaParticipantThe Fed is an odd entity. It falls under the “federal instrumentality” umbrella. Mostly for taxation purposes. It is legally a corporation with private shareholders and it is for profit, granted a portion of the profits go back to the Treasury. Though, as Greider says “literally protected from political accountability”. My question is why the facade? Either, legally give it accountability or make it fully private bank. We can’t see it’s books and it’s members come from the private sector anyway, (cough) Goldman Sachs. As well as own stakes in it. So, lets just call it private and cut the bullshit.
The big story in the news that goes unnoticed, for some reason, is the fight going on in congress to see the Feds books. This is a big story, IMO.
Think about it for a second. A supposed federal agency is refusing to let us know where are money is. Because, “there could be severe consequences to the economy”? Ok, dude, hand over the books…
It is literally private banks controlling the country via threat of financial destruction.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNX4ZbLkEXtA
Sanders, in a statement after the hearing, threatened to pass the measure again “in a stronger form” if Bernanke failed to accept it. Bernanke told Sanders in February that identifying borrowers would be “counterproductive” and result in “severe adverse consequences for the economy.”
Where did the trillions go?
May 6, 2009 at 5:01 PM #394283ArrayaParticipantThe Fed is an odd entity. It falls under the “federal instrumentality” umbrella. Mostly for taxation purposes. It is legally a corporation with private shareholders and it is for profit, granted a portion of the profits go back to the Treasury. Though, as Greider says “literally protected from political accountability”. My question is why the facade? Either, legally give it accountability or make it fully private bank. We can’t see it’s books and it’s members come from the private sector anyway, (cough) Goldman Sachs. As well as own stakes in it. So, lets just call it private and cut the bullshit.
The big story in the news that goes unnoticed, for some reason, is the fight going on in congress to see the Feds books. This is a big story, IMO.
Think about it for a second. A supposed federal agency is refusing to let us know where are money is. Because, “there could be severe consequences to the economy”? Ok, dude, hand over the books…
It is literally private banks controlling the country via threat of financial destruction.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNX4ZbLkEXtA
Sanders, in a statement after the hearing, threatened to pass the measure again “in a stronger form” if Bernanke failed to accept it. Bernanke told Sanders in February that identifying borrowers would be “counterproductive” and result in “severe adverse consequences for the economy.”
Where did the trillions go?
May 6, 2009 at 5:01 PM #394693ArrayaParticipantThe Fed is an odd entity. It falls under the “federal instrumentality” umbrella. Mostly for taxation purposes. It is legally a corporation with private shareholders and it is for profit, granted a portion of the profits go back to the Treasury. Though, as Greider says “literally protected from political accountability”. My question is why the facade? Either, legally give it accountability or make it fully private bank. We can’t see it’s books and it’s members come from the private sector anyway, (cough) Goldman Sachs. As well as own stakes in it. So, lets just call it private and cut the bullshit.
The big story in the news that goes unnoticed, for some reason, is the fight going on in congress to see the Feds books. This is a big story, IMO.
Think about it for a second. A supposed federal agency is refusing to let us know where are money is. Because, “there could be severe consequences to the economy”? Ok, dude, hand over the books…
It is literally private banks controlling the country via threat of financial destruction.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNX4ZbLkEXtA
Sanders, in a statement after the hearing, threatened to pass the measure again “in a stronger form” if Bernanke failed to accept it. Bernanke told Sanders in February that identifying borrowers would be “counterproductive” and result in “severe adverse consequences for the economy.”
Where did the trillions go?
May 6, 2009 at 5:19 PM #394698patientrenterParticipant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
May 6, 2009 at 5:19 PM #394288patientrenterParticipant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
May 6, 2009 at 5:19 PM #394557patientrenterParticipant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
May 6, 2009 at 5:19 PM #394027patientrenterParticipant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
May 6, 2009 at 5:19 PM #394503patientrenterParticipant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
May 6, 2009 at 5:30 PM #394702Allan from FallbrookParticipantPR: So it’s not the Illuminati’s fault? Shit.
How about the Catholic Church? Opie says it’s the Catholic Church. Growing up Catholic, I can see it, what with all the weird hats, the incense and Notre Dame Football.
May 6, 2009 at 5:30 PM #394293Allan from FallbrookParticipantPR: So it’s not the Illuminati’s fault? Shit.
How about the Catholic Church? Opie says it’s the Catholic Church. Growing up Catholic, I can see it, what with all the weird hats, the incense and Notre Dame Football.
May 6, 2009 at 5:30 PM #394562Allan from FallbrookParticipantPR: So it’s not the Illuminati’s fault? Shit.
How about the Catholic Church? Opie says it’s the Catholic Church. Growing up Catholic, I can see it, what with all the weird hats, the incense and Notre Dame Football.
May 6, 2009 at 5:30 PM #394032Allan from FallbrookParticipantPR: So it’s not the Illuminati’s fault? Shit.
How about the Catholic Church? Opie says it’s the Catholic Church. Growing up Catholic, I can see it, what with all the weird hats, the incense and Notre Dame Football.
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