Home › Forums › Financial Markets/Economics › do you know what the federal reserve is?
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May 26, 2010 at 5:43 AM #555166May 26, 2010 at 6:14 AM #554208blahblahblahParticipant
Re: one world currency, they don’t have to make a single world currency that everyone uses, they just have to make one that all the banks use. What they will push for is a unified trading currency for the banks. Then the World Bank/IMF/BIS will set the exchange rates of each nation’s currency to this unified trading currency. You will still get to spend your dollars or euros or rand or whatever. You can still feel patriotic seeing old George Washington’s face on the $1 bill, as well as get creeped out by the pyramid and all-seeing eye on the back. It’s just that the value of the dollar/rand/remnibi/etc… will not be determined by anyone in your country but rather by faceless bureaucrats and bankers.
Heck it is very close to working this way now, it’s just that the US$ is the unified trading currency.
May 26, 2010 at 6:14 AM #554313blahblahblahParticipantRe: one world currency, they don’t have to make a single world currency that everyone uses, they just have to make one that all the banks use. What they will push for is a unified trading currency for the banks. Then the World Bank/IMF/BIS will set the exchange rates of each nation’s currency to this unified trading currency. You will still get to spend your dollars or euros or rand or whatever. You can still feel patriotic seeing old George Washington’s face on the $1 bill, as well as get creeped out by the pyramid and all-seeing eye on the back. It’s just that the value of the dollar/rand/remnibi/etc… will not be determined by anyone in your country but rather by faceless bureaucrats and bankers.
Heck it is very close to working this way now, it’s just that the US$ is the unified trading currency.
May 26, 2010 at 6:14 AM #554801blahblahblahParticipantRe: one world currency, they don’t have to make a single world currency that everyone uses, they just have to make one that all the banks use. What they will push for is a unified trading currency for the banks. Then the World Bank/IMF/BIS will set the exchange rates of each nation’s currency to this unified trading currency. You will still get to spend your dollars or euros or rand or whatever. You can still feel patriotic seeing old George Washington’s face on the $1 bill, as well as get creeped out by the pyramid and all-seeing eye on the back. It’s just that the value of the dollar/rand/remnibi/etc… will not be determined by anyone in your country but rather by faceless bureaucrats and bankers.
Heck it is very close to working this way now, it’s just that the US$ is the unified trading currency.
May 26, 2010 at 6:14 AM #554900blahblahblahParticipantRe: one world currency, they don’t have to make a single world currency that everyone uses, they just have to make one that all the banks use. What they will push for is a unified trading currency for the banks. Then the World Bank/IMF/BIS will set the exchange rates of each nation’s currency to this unified trading currency. You will still get to spend your dollars or euros or rand or whatever. You can still feel patriotic seeing old George Washington’s face on the $1 bill, as well as get creeped out by the pyramid and all-seeing eye on the back. It’s just that the value of the dollar/rand/remnibi/etc… will not be determined by anyone in your country but rather by faceless bureaucrats and bankers.
Heck it is very close to working this way now, it’s just that the US$ is the unified trading currency.
May 26, 2010 at 6:14 AM #555171blahblahblahParticipantRe: one world currency, they don’t have to make a single world currency that everyone uses, they just have to make one that all the banks use. What they will push for is a unified trading currency for the banks. Then the World Bank/IMF/BIS will set the exchange rates of each nation’s currency to this unified trading currency. You will still get to spend your dollars or euros or rand or whatever. You can still feel patriotic seeing old George Washington’s face on the $1 bill, as well as get creeped out by the pyramid and all-seeing eye on the back. It’s just that the value of the dollar/rand/remnibi/etc… will not be determined by anyone in your country but rather by faceless bureaucrats and bankers.
Heck it is very close to working this way now, it’s just that the US$ is the unified trading currency.
May 26, 2010 at 7:02 AM #554213ArrayaParticipantHow did that one world government work out for Rome?
I don’t have a doubt banks would seek to monopolize a world currency if the could get away with it. Monopolization seems to be a tendency of the system we live in. If you pay attention, all the CBs coordinate moves have the same power over their individual governments. And judging from capital flows over the past decade it seems the upper .1 % of the US have more aligned interests with the average chinese than the average american. Lets face it, profit does not see borders.
So what? People conspire for centralized control and domination. It’s not really breaking news.
As far as the Fed is concerned, transparency is bad for business. They use their “independence” nonsense to hide the extent of the insolvency of the whole western banking system as well as all the shady dealings of the major players. The ny Fed is the to big to fails. The system is propped up by fraud at this point and it does not take a genius to see the whole debt ponzi-scheme is starting to come tumbling down.
Ponzi-dynamics are a feature of our monetary system and so are collapses and consolidation of power.
So far, all efforts are to keep the pyramid growing. At some point either the bailouts will stop or won’t work anymore. And we will be left with the stark realization that money can’t fix our problems and our economic leaders are criminally evil or delusional. Take your pick. The result will be the same.
Personally, I have concluded that is a systemic problem where conspiring is a feature and necessary for operation.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made. Groucho Marx …
May 26, 2010 at 7:02 AM #554318ArrayaParticipantHow did that one world government work out for Rome?
I don’t have a doubt banks would seek to monopolize a world currency if the could get away with it. Monopolization seems to be a tendency of the system we live in. If you pay attention, all the CBs coordinate moves have the same power over their individual governments. And judging from capital flows over the past decade it seems the upper .1 % of the US have more aligned interests with the average chinese than the average american. Lets face it, profit does not see borders.
So what? People conspire for centralized control and domination. It’s not really breaking news.
As far as the Fed is concerned, transparency is bad for business. They use their “independence” nonsense to hide the extent of the insolvency of the whole western banking system as well as all the shady dealings of the major players. The ny Fed is the to big to fails. The system is propped up by fraud at this point and it does not take a genius to see the whole debt ponzi-scheme is starting to come tumbling down.
Ponzi-dynamics are a feature of our monetary system and so are collapses and consolidation of power.
So far, all efforts are to keep the pyramid growing. At some point either the bailouts will stop or won’t work anymore. And we will be left with the stark realization that money can’t fix our problems and our economic leaders are criminally evil or delusional. Take your pick. The result will be the same.
Personally, I have concluded that is a systemic problem where conspiring is a feature and necessary for operation.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made. Groucho Marx …
May 26, 2010 at 7:02 AM #554807ArrayaParticipantHow did that one world government work out for Rome?
I don’t have a doubt banks would seek to monopolize a world currency if the could get away with it. Monopolization seems to be a tendency of the system we live in. If you pay attention, all the CBs coordinate moves have the same power over their individual governments. And judging from capital flows over the past decade it seems the upper .1 % of the US have more aligned interests with the average chinese than the average american. Lets face it, profit does not see borders.
So what? People conspire for centralized control and domination. It’s not really breaking news.
As far as the Fed is concerned, transparency is bad for business. They use their “independence” nonsense to hide the extent of the insolvency of the whole western banking system as well as all the shady dealings of the major players. The ny Fed is the to big to fails. The system is propped up by fraud at this point and it does not take a genius to see the whole debt ponzi-scheme is starting to come tumbling down.
Ponzi-dynamics are a feature of our monetary system and so are collapses and consolidation of power.
So far, all efforts are to keep the pyramid growing. At some point either the bailouts will stop or won’t work anymore. And we will be left with the stark realization that money can’t fix our problems and our economic leaders are criminally evil or delusional. Take your pick. The result will be the same.
Personally, I have concluded that is a systemic problem where conspiring is a feature and necessary for operation.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made. Groucho Marx …
May 26, 2010 at 7:02 AM #554905ArrayaParticipantHow did that one world government work out for Rome?
I don’t have a doubt banks would seek to monopolize a world currency if the could get away with it. Monopolization seems to be a tendency of the system we live in. If you pay attention, all the CBs coordinate moves have the same power over their individual governments. And judging from capital flows over the past decade it seems the upper .1 % of the US have more aligned interests with the average chinese than the average american. Lets face it, profit does not see borders.
So what? People conspire for centralized control and domination. It’s not really breaking news.
As far as the Fed is concerned, transparency is bad for business. They use their “independence” nonsense to hide the extent of the insolvency of the whole western banking system as well as all the shady dealings of the major players. The ny Fed is the to big to fails. The system is propped up by fraud at this point and it does not take a genius to see the whole debt ponzi-scheme is starting to come tumbling down.
Ponzi-dynamics are a feature of our monetary system and so are collapses and consolidation of power.
So far, all efforts are to keep the pyramid growing. At some point either the bailouts will stop or won’t work anymore. And we will be left with the stark realization that money can’t fix our problems and our economic leaders are criminally evil or delusional. Take your pick. The result will be the same.
Personally, I have concluded that is a systemic problem where conspiring is a feature and necessary for operation.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made. Groucho Marx …
May 26, 2010 at 7:02 AM #555176ArrayaParticipantHow did that one world government work out for Rome?
I don’t have a doubt banks would seek to monopolize a world currency if the could get away with it. Monopolization seems to be a tendency of the system we live in. If you pay attention, all the CBs coordinate moves have the same power over their individual governments. And judging from capital flows over the past decade it seems the upper .1 % of the US have more aligned interests with the average chinese than the average american. Lets face it, profit does not see borders.
So what? People conspire for centralized control and domination. It’s not really breaking news.
As far as the Fed is concerned, transparency is bad for business. They use their “independence” nonsense to hide the extent of the insolvency of the whole western banking system as well as all the shady dealings of the major players. The ny Fed is the to big to fails. The system is propped up by fraud at this point and it does not take a genius to see the whole debt ponzi-scheme is starting to come tumbling down.
Ponzi-dynamics are a feature of our monetary system and so are collapses and consolidation of power.
So far, all efforts are to keep the pyramid growing. At some point either the bailouts will stop or won’t work anymore. And we will be left with the stark realization that money can’t fix our problems and our economic leaders are criminally evil or delusional. Take your pick. The result will be the same.
Personally, I have concluded that is a systemic problem where conspiring is a feature and necessary for operation.
The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made. Groucho Marx …
May 26, 2010 at 7:53 AM #554233SK in CVParticipant[quote=aldante][quote=SK in CV]inspector general audits may be less than optimal, and disclosure of those audit results may be limited, but it IS audited. Every single year.
Clues available for free.http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2009.pdf%5B/quote%5D
Are you toying with us? Less then optimal?? I am laughing my a** off. I guess the Author Anderson audit of ENRON was less the optimal in your opinion? Look all you Fed defenders, this entity hired lobbyists using our money to stop s604. Someone somewhere convinced most major media outlets that auditing the past actions of the Fed – like actually where the money is, was the same as its losing its “independence”. Wrong, not in either the house bill or senate bill. As far as your cute statement “clues available for free” statement: the best information to decided to buy a car are the commercials on tv.[/quote]
The ignorant often laugh because they don’t know any better. I was responding to the claim that the fed had never been audited. It has been.
As to the rest of your comment. I got nothing. I don’t know how to respond to arguments that have no point and make no sense.
(and I haven’t defended the fed. I haven’t shared much opinion at all. Most of what I’ve written has just been factual counters to false, sometimes outrageously false claims.)
May 26, 2010 at 7:53 AM #554338SK in CVParticipant[quote=aldante][quote=SK in CV]inspector general audits may be less than optimal, and disclosure of those audit results may be limited, but it IS audited. Every single year.
Clues available for free.http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2009.pdf%5B/quote%5D
Are you toying with us? Less then optimal?? I am laughing my a** off. I guess the Author Anderson audit of ENRON was less the optimal in your opinion? Look all you Fed defenders, this entity hired lobbyists using our money to stop s604. Someone somewhere convinced most major media outlets that auditing the past actions of the Fed – like actually where the money is, was the same as its losing its “independence”. Wrong, not in either the house bill or senate bill. As far as your cute statement “clues available for free” statement: the best information to decided to buy a car are the commercials on tv.[/quote]
The ignorant often laugh because they don’t know any better. I was responding to the claim that the fed had never been audited. It has been.
As to the rest of your comment. I got nothing. I don’t know how to respond to arguments that have no point and make no sense.
(and I haven’t defended the fed. I haven’t shared much opinion at all. Most of what I’ve written has just been factual counters to false, sometimes outrageously false claims.)
May 26, 2010 at 7:53 AM #554826SK in CVParticipant[quote=aldante][quote=SK in CV]inspector general audits may be less than optimal, and disclosure of those audit results may be limited, but it IS audited. Every single year.
Clues available for free.http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2009.pdf%5B/quote%5D
Are you toying with us? Less then optimal?? I am laughing my a** off. I guess the Author Anderson audit of ENRON was less the optimal in your opinion? Look all you Fed defenders, this entity hired lobbyists using our money to stop s604. Someone somewhere convinced most major media outlets that auditing the past actions of the Fed – like actually where the money is, was the same as its losing its “independence”. Wrong, not in either the house bill or senate bill. As far as your cute statement “clues available for free” statement: the best information to decided to buy a car are the commercials on tv.[/quote]
The ignorant often laugh because they don’t know any better. I was responding to the claim that the fed had never been audited. It has been.
As to the rest of your comment. I got nothing. I don’t know how to respond to arguments that have no point and make no sense.
(and I haven’t defended the fed. I haven’t shared much opinion at all. Most of what I’ve written has just been factual counters to false, sometimes outrageously false claims.)
May 26, 2010 at 7:53 AM #554925SK in CVParticipant[quote=aldante][quote=SK in CV]inspector general audits may be less than optimal, and disclosure of those audit results may be limited, but it IS audited. Every single year.
Clues available for free.http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2009.pdf%5B/quote%5D
Are you toying with us? Less then optimal?? I am laughing my a** off. I guess the Author Anderson audit of ENRON was less the optimal in your opinion? Look all you Fed defenders, this entity hired lobbyists using our money to stop s604. Someone somewhere convinced most major media outlets that auditing the past actions of the Fed – like actually where the money is, was the same as its losing its “independence”. Wrong, not in either the house bill or senate bill. As far as your cute statement “clues available for free” statement: the best information to decided to buy a car are the commercials on tv.[/quote]
The ignorant often laugh because they don’t know any better. I was responding to the claim that the fed had never been audited. It has been.
As to the rest of your comment. I got nothing. I don’t know how to respond to arguments that have no point and make no sense.
(and I haven’t defended the fed. I haven’t shared much opinion at all. Most of what I’ve written has just been factual counters to false, sometimes outrageously false claims.)
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