do you know what the federal reserve is?

[jpinpb]

[quote=CONCHO]All of this fancy talk confuses me. I guess I just have 2 questions:

1) Why doesn’t the government operate our national bank? It can print money, it could collect interest on loans and use that revenue to help fund its operations.

2) Why is there a pyramid and all-seeing eye on the back of my cash?

OK I’m ready for the answers now. I’m sure they will be very technical and full of details about public-private partnerships and boards of governors and regional banks, etc…[/quote]

I’d like to add a question of my own:

Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?

[SK in CV]

[quote=jpinpb]
Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?[/quote]

That’s really the important question. Conspiracy theories about nefarious motives and self dealing, may have a grain of truth. Because guess what? Banks are in business to make money! Sometimes they actually meet and make plans for how they’re going to do that. And surprise! They don’t invite us to those meetings!

But the fed is a little different. Above I gave a brief description of their congressional charge. It’s pretty simple. Prevent panic. Keep the dollar stable. Provide and ensure liquidity in the market.

Sometimes they’ve done a good job of that. Sometimes they’ve sucked. But almost invariably when the fed’s decisions in hindsight suck, there are dozens of outside economists that agree with their actions. Managing a money supply is not an easy task.

Particularly over the last 6 years, they’ve sucked. Their failure was a key ingredient in both the bubble and its bursting. (I don’t think they had much responsibility with the CDS problems) Congress can, and should fix it. It is their responsibility.

[SK in CV]

[quote=jpinpb]
Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?[/quote]

That’s really the important question. Conspiracy theories about nefarious motives and self dealing, may have a grain of truth. Because guess what? Banks are in business to make money! Sometimes they actually meet and make plans for how they’re going to do that. And surprise! They don’t invite us to those meetings!

But the fed is a little different. Above I gave a brief description of their congressional charge. It’s pretty simple. Prevent panic. Keep the dollar stable. Provide and ensure liquidity in the market.

Sometimes they’ve done a good job of that. Sometimes they’ve sucked. But almost invariably when the fed’s decisions in hindsight suck, there are dozens of outside economists that agree with their actions. Managing a money supply is not an easy task.

Particularly over the last 6 years, they’ve sucked. Their failure was a key ingredient in both the bubble and its bursting. (I don’t think they had much responsibility with the CDS problems) Congress can, and should fix it. It is their responsibility.

[SK in CV]

[quote=jpinpb]
Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?[/quote]

That’s really the important question. Conspiracy theories about nefarious motives and self dealing, may have a grain of truth. Because guess what? Banks are in business to make money! Sometimes they actually meet and make plans for how they’re going to do that. And surprise! They don’t invite us to those meetings!

But the fed is a little different. Above I gave a brief description of their congressional charge. It’s pretty simple. Prevent panic. Keep the dollar stable. Provide and ensure liquidity in the market.

Sometimes they’ve done a good job of that. Sometimes they’ve sucked. But almost invariably when the fed’s decisions in hindsight suck, there are dozens of outside economists that agree with their actions. Managing a money supply is not an easy task.

Particularly over the last 6 years, they’ve sucked. Their failure was a key ingredient in both the bubble and its bursting. (I don’t think they had much responsibility with the CDS problems) Congress can, and should fix it. It is their responsibility.

[SK in CV]

[quote=jpinpb]
Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?[/quote]

That’s really the important question. Conspiracy theories about nefarious motives and self dealing, may have a grain of truth. Because guess what? Banks are in business to make money! Sometimes they actually meet and make plans for how they’re going to do that. And surprise! They don’t invite us to those meetings!

But the fed is a little different. Above I gave a brief description of their congressional charge. It’s pretty simple. Prevent panic. Keep the dollar stable. Provide and ensure liquidity in the market.

Sometimes they’ve done a good job of that. Sometimes they’ve sucked. But almost invariably when the fed’s decisions in hindsight suck, there are dozens of outside economists that agree with their actions. Managing a money supply is not an easy task.

Particularly over the last 6 years, they’ve sucked. Their failure was a key ingredient in both the bubble and its bursting. (I don’t think they had much responsibility with the CDS problems) Congress can, and should fix it. It is their responsibility.

[SK in CV]

[quote=jpinpb]
Regardless of who “owns” the Fed, what can we do? How can we safeguard ourselves?[/quote]

That’s really the important question. Conspiracy theories about nefarious motives and self dealing, may have a grain of truth. Because guess what? Banks are in business to make money! Sometimes they actually meet and make plans for how they’re going to do that. And surprise! They don’t invite us to those meetings!

But the fed is a little different. Above I gave a brief description of their congressional charge. It’s pretty simple. Prevent panic. Keep the dollar stable. Provide and ensure liquidity in the market.

Sometimes they’ve done a good job of that. Sometimes they’ve sucked. But almost invariably when the fed’s decisions in hindsight suck, there are dozens of outside economists that agree with their actions. Managing a money supply is not an easy task.

Particularly over the last 6 years, they’ve sucked. Their failure was a key ingredient in both the bubble and its bursting. (I don’t think they had much responsibility with the CDS problems) Congress can, and should fix it. It is their responsibility.

[bubba99]

People,

great discussion. I really enjoyed reading it

[bubba99]

People,

great discussion. I really enjoyed reading it

[bubba99]

People,

great discussion. I really enjoyed reading it

[bubba99]

People,

great discussion. I really enjoyed reading it

[bubba99]

People,

great discussion. I really enjoyed reading it

[investor]

[quote=CONCHO]All of this fancy talk confuses me. I guess I just have 2 questions:

1) Why doesn’t the government operate our national bank? It can print money, it could collect interest on loans and use that revenue to help fund its operations.

2) Why is there a pyramid and all-seeing eye on the back of my cash?

OK I’m ready for the answers now. I’m sure they will be very technical and full of details about public-private partnerships and boards of governors and regional banks, etc…[/quote]

The US government has operated our own money supply in the past. The allure of profit for a central bank is too much to resist and they have sucesfully bought their way into existance 4 times now in US history.The loss of interest paid to the US govenment on loans to other governments is a large loss to the american tax payer as well as instead of making interest on loaning our money, we wind up paying the federal reserve to loan out our own money! As riduculous as this sounds, that is the reality of what is happening.
We have to pressure congress to revoke the fed’s charter and get back to a common sense finanial system. Just as jefferson and A Jackson did in the 1800’s. I don’t see this happening until the current system collapses under huge sovereign debt worldwide. I fear that when that happens, not if, the collapse will be an excuse to start a one world money supply, goverened by one large central bank.

[investor]

[quote=CONCHO]All of this fancy talk confuses me. I guess I just have 2 questions:

1) Why doesn’t the government operate our national bank? It can print money, it could collect interest on loans and use that revenue to help fund its operations.

2) Why is there a pyramid and all-seeing eye on the back of my cash?

OK I’m ready for the answers now. I’m sure they will be very technical and full of details about public-private partnerships and boards of governors and regional banks, etc…[/quote]

The US government has operated our own money supply in the past. The allure of profit for a central bank is too much to resist and they have sucesfully bought their way into existance 4 times now in US history.The loss of interest paid to the US govenment on loans to other governments is a large loss to the american tax payer as well as instead of making interest on loaning our money, we wind up paying the federal reserve to loan out our own money! As riduculous as this sounds, that is the reality of what is happening.
We have to pressure congress to revoke the fed’s charter and get back to a common sense finanial system. Just as jefferson and A Jackson did in the 1800’s. I don’t see this happening until the current system collapses under huge sovereign debt worldwide. I fear that when that happens, not if, the collapse will be an excuse to start a one world money supply, goverened by one large central bank.

[investor]

[quote=CONCHO]All of this fancy talk confuses me. I guess I just have 2 questions:

1) Why doesn’t the government operate our national bank? It can print money, it could collect interest on loans and use that revenue to help fund its operations.

2) Why is there a pyramid and all-seeing eye on the back of my cash?

OK I’m ready for the answers now. I’m sure they will be very technical and full of details about public-private partnerships and boards of governors and regional banks, etc…[/quote]

The US government has operated our own money supply in the past. The allure of profit for a central bank is too much to resist and they have sucesfully bought their way into existance 4 times now in US history.The loss of interest paid to the US govenment on loans to other governments is a large loss to the american tax payer as well as instead of making interest on loaning our money, we wind up paying the federal reserve to loan out our own money! As riduculous as this sounds, that is the reality of what is happening.
We have to pressure congress to revoke the fed’s charter and get back to a common sense finanial system. Just as jefferson and A Jackson did in the 1800’s. I don’t see this happening until the current system collapses under huge sovereign debt worldwide. I fear that when that happens, not if, the collapse will be an excuse to start a one world money supply, goverened by one large central bank.

[investor]

[quote=CONCHO]All of this fancy talk confuses me. I guess I just have 2 questions:

1) Why doesn’t the government operate our national bank? It can print money, it could collect interest on loans and use that revenue to help fund its operations.

2) Why is there a pyramid and all-seeing eye on the back of my cash?

OK I’m ready for the answers now. I’m sure they will be very technical and full of details about public-private partnerships and boards of governors and regional banks, etc…[/quote]

The US government has operated our own money supply in the past. The allure of profit for a central bank is too much to resist and they have sucesfully bought their way into existance 4 times now in US history.The loss of interest paid to the US govenment on loans to other governments is a large loss to the american tax payer as well as instead of making interest on loaning our money, we wind up paying the federal reserve to loan out our own money! As riduculous as this sounds, that is the reality of what is happening.
We have to pressure congress to revoke the fed’s charter and get back to a common sense finanial system. Just as jefferson and A Jackson did in the 1800’s. I don’t see this happening until the current system collapses under huge sovereign debt worldwide. I fear that when that happens, not if, the collapse will be an excuse to start a one world money supply, goverened by one large central bank.

[Author]

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