do you know what the federal reserve is?

[investor]

[quote=jpinpb][quote=investor]Have the fed completly audited through pressure on congress, to include ownership of all stock.[/quote]

I honestly don’t see that happening. Everyone in Congress would be bought before that happens. Heck, even if that were ever to happen, how hard is it to cook books nowadays?[/quote]
I agree, it will be hard and only possible through pressure from voters or from a complete collapse of our financial system. But, with the current tea party momentum….

[investor]

[quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.

[investor]

[quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.

[investor]

[quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.

[investor]

[quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.

[investor]

[quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.

[scaredyclassic]

i thought we werent supposed to fight the fed; i had been told dont fight the fed

[scaredyclassic]

i thought we werent supposed to fight the fed; i had been told dont fight the fed

[scaredyclassic]

i thought we werent supposed to fight the fed; i had been told dont fight the fed

[scaredyclassic]

i thought we werent supposed to fight the fed; i had been told dont fight the fed

[scaredyclassic]

i thought we werent supposed to fight the fed; i had been told dont fight the fed

[Allan from Fallbrook]

[quote=investor][quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.[/quote]

Investor: CONFIRMATION BIAS: http://en.wikipedia.org/wiki/Confirmation_bias

So what if you went to a party and met a guy there who refused to engage in any sort of meaningful debate and simply kept repeating the same information over and over, ad nauseam, and was unwilling to even discuss another person’s point of view? What would you say about THAT PERSON, Investor?

You evade any attempts to engage in honest debate (you know, the TWO sides of an argument?) and don’t respond to posts regarding same, but then accuse others (who don’t agree with your contentions) of bias, or not playing fair, or being personal.

Strange, no? Maybe even hypocritical?

[Allan from Fallbrook]

[quote=investor][quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.[/quote]

Investor: CONFIRMATION BIAS: http://en.wikipedia.org/wiki/Confirmation_bias

So what if you went to a party and met a guy there who refused to engage in any sort of meaningful debate and simply kept repeating the same information over and over, ad nauseam, and was unwilling to even discuss another person’s point of view? What would you say about THAT PERSON, Investor?

You evade any attempts to engage in honest debate (you know, the TWO sides of an argument?) and don’t respond to posts regarding same, but then accuse others (who don’t agree with your contentions) of bias, or not playing fair, or being personal.

Strange, no? Maybe even hypocritical?

[Allan from Fallbrook]

[quote=investor][quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.[/quote]

Investor: CONFIRMATION BIAS: http://en.wikipedia.org/wiki/Confirmation_bias

So what if you went to a party and met a guy there who refused to engage in any sort of meaningful debate and simply kept repeating the same information over and over, ad nauseam, and was unwilling to even discuss another person’s point of view? What would you say about THAT PERSON, Investor?

You evade any attempts to engage in honest debate (you know, the TWO sides of an argument?) and don’t respond to posts regarding same, but then accuse others (who don’t agree with your contentions) of bias, or not playing fair, or being personal.

Strange, no? Maybe even hypocritical?

[Allan from Fallbrook]

[quote=investor][quote=aldante]Well we can discuss history of the Fed all we want but why not talk about the effectiveness of this secret organization?
One small observation that I will make. The Federal Reserve Chairman in MAY of 2008 told this country that we need not worry about the failure of Fannie Mae and Freddie Mac. He also said that we need not worry about a recession. Meanwhile the “anti fed” crowd – Ron Paul, Peter Schiff, Marc Faber had been telling us for years that we were in a massive bubble and more importantly why we were in the bubble. They also predicted what would happen! So people on this site think that the Federal Reserve is valuable and are “smart” when it could not even predict the bubble that it created? (Head spinning now……..) This is the greatest financial debacle of our generation (so far). I think the Fed has lost all credibility and must be audited.
There seems to be an underlying current that we “need” the Federal Reserve. If you look at the loss of buying power since 1913 – we need the Federal Reserve like a hole in the head. That is when the Fed was created and depending on who you listen too the dollar has lost 93% of its purchasing power. What does that mean? I think that it means that kids have to take out massive amounts of loans to get a decent education. It means that the single income household is a thing of the past. It means that healthcare costs have skyrocketed. It means that many of us who have been paying into the Social Security system are seriously questioning if we will ever get any $$ back out.[/quote]
exactly. This is why jeferson and jackson fought the idea of a central bank so hard.[/quote]

Investor: CONFIRMATION BIAS: http://en.wikipedia.org/wiki/Confirmation_bias

So what if you went to a party and met a guy there who refused to engage in any sort of meaningful debate and simply kept repeating the same information over and over, ad nauseam, and was unwilling to even discuss another person’s point of view? What would you say about THAT PERSON, Investor?

You evade any attempts to engage in honest debate (you know, the TWO sides of an argument?) and don’t respond to posts regarding same, but then accuse others (who don’t agree with your contentions) of bias, or not playing fair, or being personal.

Strange, no? Maybe even hypocritical?

[Author]

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