griffin federal reserve

[davelj]

[quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool!

[Allan from Fallbrook]

[quote=davelj][quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool![/quote]

Dave, thanks to you and pri for the props. And my heartfelt apologies for blowing our chance to see the famed “collages”. However, we’ll probably have an opportunity to see them in the Louvre, which investor will visit as he returns from Switzerland after participating in further discussions on the Basel II Accords. Since he knows about money and all.

[Allan from Fallbrook]

[quote=davelj][quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool![/quote]

Dave, thanks to you and pri for the props. And my heartfelt apologies for blowing our chance to see the famed “collages”. However, we’ll probably have an opportunity to see them in the Louvre, which investor will visit as he returns from Switzerland after participating in further discussions on the Basel II Accords. Since he knows about money and all.

[Allan from Fallbrook]

[quote=davelj][quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool![/quote]

Dave, thanks to you and pri for the props. And my heartfelt apologies for blowing our chance to see the famed “collages”. However, we’ll probably have an opportunity to see them in the Louvre, which investor will visit as he returns from Switzerland after participating in further discussions on the Basel II Accords. Since he knows about money and all.

[Allan from Fallbrook]

[quote=davelj][quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool![/quote]

Dave, thanks to you and pri for the props. And my heartfelt apologies for blowing our chance to see the famed “collages”. However, we’ll probably have an opportunity to see them in the Louvre, which investor will visit as he returns from Switzerland after participating in further discussions on the Basel II Accords. Since he knows about money and all.

[Allan from Fallbrook]

[quote=davelj][quote=Allan from Fallbrook]
I think we all know that you never received two PhDs from “Collage”… [/quote]

Dude, you are totally ruining our chances of seeing investor’s collages!! Uncool. Totally uncool![/quote]

Dave, thanks to you and pri for the props. And my heartfelt apologies for blowing our chance to see the famed “collages”. However, we’ll probably have an opportunity to see them in the Louvre, which investor will visit as he returns from Switzerland after participating in further discussions on the Basel II Accords. Since he knows about money and all.

[aldante]

Davelj – you get my vote for winning the war of words. But……
I simply can not resist. Sorry. Why can these wise men who are so educated not have predicted what would happen? I am just a layman but is it not true that successfull prediction is ultimate goal of science? More to my point. No defense of Griffin but please explain Allan or Davij:

The President of Harvard Larry Summers (he has some degrees right?) shoots down Broksey Born as to her pointing out the need to regulate derivitives in the late 90’s. (I should not have to explain what happened next)
Summers also was instrumental in the demise of Glass-Steagall which paved the way for the Citi/Travelers merger.

Alan Greenspan (“smartest economist in country?”) stands right along side of Larry Summers and says the same. He also writes paper after paper telling us plebes that real estate always goes up. That the”wealth effect” will change mankind forever.

Ben Bernanke – in May 2008 tells the American Plebes not to worry about Freddie and Fannie. Also tells us that we are not headed for a recession just a minor slow down. Both Greenspan and Bernanke keep interest rates so low that this causes hundreds of billions (dare I say trillions?) of malinvestment that keeps average Americans from being able to participate in the capital markets giving all advantage to the big banks. (Most of us cannot borrow for the Fed window for free and charge 18% interest on credit cards). Furthermore this “science” of economics is far to hard for the average person to understand and just attempting to understand in the form of an audit leaves too much for misinterpretation – just too dangerous!!!!!

Then look at the “second tier” who did predict with accuracy…Ron Paul, Peter Schiff, Meredith Whitney, Noriel Roubini, Marc Faber, Gerald Celente? Lots of the so-called Fed supporters would say that the above list has been proven wrong after March 09 but unemployment continues to go up. Funny but erasing mark-to-market just did not seem to make that go away.
Nope I think that the Fed is either almost always wrong for the last 15 years (remember the Long Term Capital Management bail-out) or does have some conflict of interest. I think that a true Audit would tell us which one. Or is someone willing to tell my how the Fed has been right in its past predictions?

Sorry guys but I think the reason for support Griffin is receiving is becasue the “other”guys are inept. And I must say your defense of the fractional reserve banking system seems to ignore these above points. How about this one for you?

How many innocent babies and wifes would be killed by errant “smart” missles and bombs in far away lands with out the Fractional Reserve banking system? How about American sons and daughters – and their loved ones? Yes I am drawing a direct link to our supposed wealth and our ability to build bombs with our “Federal” Reserve system. We could not afford 10 YEARS in Afghanistan without the Federal Reserve. What if your taxes had to go up to pay for that war? I think we would see massive rebellion in this country if they did.

It is possible that this was never a conspiracy from the beginning but right now it looks and feels like a bunch of frat boys are running the show. These guys have known each other (or of each other) and know which rules to take advantage of and which to hide behind. Long term thye seem much less concerned about their duties as public servants and more concerned about their egos/wealth. I don’t trust them at all. I have a reaction anytime some one defends them also. Sorry for the rant but it just came out.

[aldante]

Davelj – you get my vote for winning the war of words. But……
I simply can not resist. Sorry. Why can these wise men who are so educated not have predicted what would happen? I am just a layman but is it not true that successfull prediction is ultimate goal of science? More to my point. No defense of Griffin but please explain Allan or Davij:

The President of Harvard Larry Summers (he has some degrees right?) shoots down Broksey Born as to her pointing out the need to regulate derivitives in the late 90’s. (I should not have to explain what happened next)
Summers also was instrumental in the demise of Glass-Steagall which paved the way for the Citi/Travelers merger.

Alan Greenspan (“smartest economist in country?”) stands right along side of Larry Summers and says the same. He also writes paper after paper telling us plebes that real estate always goes up. That the”wealth effect” will change mankind forever.

Ben Bernanke – in May 2008 tells the American Plebes not to worry about Freddie and Fannie. Also tells us that we are not headed for a recession just a minor slow down. Both Greenspan and Bernanke keep interest rates so low that this causes hundreds of billions (dare I say trillions?) of malinvestment that keeps average Americans from being able to participate in the capital markets giving all advantage to the big banks. (Most of us cannot borrow for the Fed window for free and charge 18% interest on credit cards). Furthermore this “science” of economics is far to hard for the average person to understand and just attempting to understand in the form of an audit leaves too much for misinterpretation – just too dangerous!!!!!

Then look at the “second tier” who did predict with accuracy…Ron Paul, Peter Schiff, Meredith Whitney, Noriel Roubini, Marc Faber, Gerald Celente? Lots of the so-called Fed supporters would say that the above list has been proven wrong after March 09 but unemployment continues to go up. Funny but erasing mark-to-market just did not seem to make that go away.
Nope I think that the Fed is either almost always wrong for the last 15 years (remember the Long Term Capital Management bail-out) or does have some conflict of interest. I think that a true Audit would tell us which one. Or is someone willing to tell my how the Fed has been right in its past predictions?

Sorry guys but I think the reason for support Griffin is receiving is becasue the “other”guys are inept. And I must say your defense of the fractional reserve banking system seems to ignore these above points. How about this one for you?

How many innocent babies and wifes would be killed by errant “smart” missles and bombs in far away lands with out the Fractional Reserve banking system? How about American sons and daughters – and their loved ones? Yes I am drawing a direct link to our supposed wealth and our ability to build bombs with our “Federal” Reserve system. We could not afford 10 YEARS in Afghanistan without the Federal Reserve. What if your taxes had to go up to pay for that war? I think we would see massive rebellion in this country if they did.

It is possible that this was never a conspiracy from the beginning but right now it looks and feels like a bunch of frat boys are running the show. These guys have known each other (or of each other) and know which rules to take advantage of and which to hide behind. Long term thye seem much less concerned about their duties as public servants and more concerned about their egos/wealth. I don’t trust them at all. I have a reaction anytime some one defends them also. Sorry for the rant but it just came out.

[aldante]

Davelj – you get my vote for winning the war of words. But……
I simply can not resist. Sorry. Why can these wise men who are so educated not have predicted what would happen? I am just a layman but is it not true that successfull prediction is ultimate goal of science? More to my point. No defense of Griffin but please explain Allan or Davij:

The President of Harvard Larry Summers (he has some degrees right?) shoots down Broksey Born as to her pointing out the need to regulate derivitives in the late 90’s. (I should not have to explain what happened next)
Summers also was instrumental in the demise of Glass-Steagall which paved the way for the Citi/Travelers merger.

Alan Greenspan (“smartest economist in country?”) stands right along side of Larry Summers and says the same. He also writes paper after paper telling us plebes that real estate always goes up. That the”wealth effect” will change mankind forever.

Ben Bernanke – in May 2008 tells the American Plebes not to worry about Freddie and Fannie. Also tells us that we are not headed for a recession just a minor slow down. Both Greenspan and Bernanke keep interest rates so low that this causes hundreds of billions (dare I say trillions?) of malinvestment that keeps average Americans from being able to participate in the capital markets giving all advantage to the big banks. (Most of us cannot borrow for the Fed window for free and charge 18% interest on credit cards). Furthermore this “science” of economics is far to hard for the average person to understand and just attempting to understand in the form of an audit leaves too much for misinterpretation – just too dangerous!!!!!

Then look at the “second tier” who did predict with accuracy…Ron Paul, Peter Schiff, Meredith Whitney, Noriel Roubini, Marc Faber, Gerald Celente? Lots of the so-called Fed supporters would say that the above list has been proven wrong after March 09 but unemployment continues to go up. Funny but erasing mark-to-market just did not seem to make that go away.
Nope I think that the Fed is either almost always wrong for the last 15 years (remember the Long Term Capital Management bail-out) or does have some conflict of interest. I think that a true Audit would tell us which one. Or is someone willing to tell my how the Fed has been right in its past predictions?

Sorry guys but I think the reason for support Griffin is receiving is becasue the “other”guys are inept. And I must say your defense of the fractional reserve banking system seems to ignore these above points. How about this one for you?

How many innocent babies and wifes would be killed by errant “smart” missles and bombs in far away lands with out the Fractional Reserve banking system? How about American sons and daughters – and their loved ones? Yes I am drawing a direct link to our supposed wealth and our ability to build bombs with our “Federal” Reserve system. We could not afford 10 YEARS in Afghanistan without the Federal Reserve. What if your taxes had to go up to pay for that war? I think we would see massive rebellion in this country if they did.

It is possible that this was never a conspiracy from the beginning but right now it looks and feels like a bunch of frat boys are running the show. These guys have known each other (or of each other) and know which rules to take advantage of and which to hide behind. Long term thye seem much less concerned about their duties as public servants and more concerned about their egos/wealth. I don’t trust them at all. I have a reaction anytime some one defends them also. Sorry for the rant but it just came out.

[aldante]

Davelj – you get my vote for winning the war of words. But……
I simply can not resist. Sorry. Why can these wise men who are so educated not have predicted what would happen? I am just a layman but is it not true that successfull prediction is ultimate goal of science? More to my point. No defense of Griffin but please explain Allan or Davij:

The President of Harvard Larry Summers (he has some degrees right?) shoots down Broksey Born as to her pointing out the need to regulate derivitives in the late 90’s. (I should not have to explain what happened next)
Summers also was instrumental in the demise of Glass-Steagall which paved the way for the Citi/Travelers merger.

Alan Greenspan (“smartest economist in country?”) stands right along side of Larry Summers and says the same. He also writes paper after paper telling us plebes that real estate always goes up. That the”wealth effect” will change mankind forever.

Ben Bernanke – in May 2008 tells the American Plebes not to worry about Freddie and Fannie. Also tells us that we are not headed for a recession just a minor slow down. Both Greenspan and Bernanke keep interest rates so low that this causes hundreds of billions (dare I say trillions?) of malinvestment that keeps average Americans from being able to participate in the capital markets giving all advantage to the big banks. (Most of us cannot borrow for the Fed window for free and charge 18% interest on credit cards). Furthermore this “science” of economics is far to hard for the average person to understand and just attempting to understand in the form of an audit leaves too much for misinterpretation – just too dangerous!!!!!

Then look at the “second tier” who did predict with accuracy…Ron Paul, Peter Schiff, Meredith Whitney, Noriel Roubini, Marc Faber, Gerald Celente? Lots of the so-called Fed supporters would say that the above list has been proven wrong after March 09 but unemployment continues to go up. Funny but erasing mark-to-market just did not seem to make that go away.
Nope I think that the Fed is either almost always wrong for the last 15 years (remember the Long Term Capital Management bail-out) or does have some conflict of interest. I think that a true Audit would tell us which one. Or is someone willing to tell my how the Fed has been right in its past predictions?

Sorry guys but I think the reason for support Griffin is receiving is becasue the “other”guys are inept. And I must say your defense of the fractional reserve banking system seems to ignore these above points. How about this one for you?

How many innocent babies and wifes would be killed by errant “smart” missles and bombs in far away lands with out the Fractional Reserve banking system? How about American sons and daughters – and their loved ones? Yes I am drawing a direct link to our supposed wealth and our ability to build bombs with our “Federal” Reserve system. We could not afford 10 YEARS in Afghanistan without the Federal Reserve. What if your taxes had to go up to pay for that war? I think we would see massive rebellion in this country if they did.

It is possible that this was never a conspiracy from the beginning but right now it looks and feels like a bunch of frat boys are running the show. These guys have known each other (or of each other) and know which rules to take advantage of and which to hide behind. Long term thye seem much less concerned about their duties as public servants and more concerned about their egos/wealth. I don’t trust them at all. I have a reaction anytime some one defends them also. Sorry for the rant but it just came out.

[aldante]

Davelj – you get my vote for winning the war of words. But……
I simply can not resist. Sorry. Why can these wise men who are so educated not have predicted what would happen? I am just a layman but is it not true that successfull prediction is ultimate goal of science? More to my point. No defense of Griffin but please explain Allan or Davij:

The President of Harvard Larry Summers (he has some degrees right?) shoots down Broksey Born as to her pointing out the need to regulate derivitives in the late 90’s. (I should not have to explain what happened next)
Summers also was instrumental in the demise of Glass-Steagall which paved the way for the Citi/Travelers merger.

Alan Greenspan (“smartest economist in country?”) stands right along side of Larry Summers and says the same. He also writes paper after paper telling us plebes that real estate always goes up. That the”wealth effect” will change mankind forever.

Ben Bernanke – in May 2008 tells the American Plebes not to worry about Freddie and Fannie. Also tells us that we are not headed for a recession just a minor slow down. Both Greenspan and Bernanke keep interest rates so low that this causes hundreds of billions (dare I say trillions?) of malinvestment that keeps average Americans from being able to participate in the capital markets giving all advantage to the big banks. (Most of us cannot borrow for the Fed window for free and charge 18% interest on credit cards). Furthermore this “science” of economics is far to hard for the average person to understand and just attempting to understand in the form of an audit leaves too much for misinterpretation – just too dangerous!!!!!

Then look at the “second tier” who did predict with accuracy…Ron Paul, Peter Schiff, Meredith Whitney, Noriel Roubini, Marc Faber, Gerald Celente? Lots of the so-called Fed supporters would say that the above list has been proven wrong after March 09 but unemployment continues to go up. Funny but erasing mark-to-market just did not seem to make that go away.
Nope I think that the Fed is either almost always wrong for the last 15 years (remember the Long Term Capital Management bail-out) or does have some conflict of interest. I think that a true Audit would tell us which one. Or is someone willing to tell my how the Fed has been right in its past predictions?

Sorry guys but I think the reason for support Griffin is receiving is becasue the “other”guys are inept. And I must say your defense of the fractional reserve banking system seems to ignore these above points. How about this one for you?

How many innocent babies and wifes would be killed by errant “smart” missles and bombs in far away lands with out the Fractional Reserve banking system? How about American sons and daughters – and their loved ones? Yes I am drawing a direct link to our supposed wealth and our ability to build bombs with our “Federal” Reserve system. We could not afford 10 YEARS in Afghanistan without the Federal Reserve. What if your taxes had to go up to pay for that war? I think we would see massive rebellion in this country if they did.

It is possible that this was never a conspiracy from the beginning but right now it looks and feels like a bunch of frat boys are running the show. These guys have known each other (or of each other) and know which rules to take advantage of and which to hide behind. Long term thye seem much less concerned about their duties as public servants and more concerned about their egos/wealth. I don’t trust them at all. I have a reaction anytime some one defends them also. Sorry for the rant but it just came out.

[investor]

Here is one from the other tread. Submitted by Allan from Fallbrook on May 29, 2010 – 2:18pm.

eavesdropper wrote:

You are playing a dangerous game with your freedom when you remain in selective ignorance by placing all your trust in authors whose writings mirror your own thoughts, philosophies, and prejudices.

Excellent quote, eavesdropper. Investor, I’d use the example of selecting a surgeon for a very dangerous brain operation. I’d imagine you’d do a great deal of research on this doctor, including verifying that he/she is a Fellow with the American College of Surgeons (FACS), has done this operation (and with success) numerous times before, and is well regarded as a leader in the field of brain surgery.

I cannot imagine you’d simply pick someone because they told you they’d read some books on the subject, found it interesting, and would like to take a crack at trepanning you for the hell of it.

You mentioned that I like to fight. I actually don’t. I enjoy debating tremendously and I hate being misquoted. In this case, I found your lack of intellectual curiosity frustrating, especially given your slavish adherence to what amounts to a crackpot (hence my suggestion to do a little digging into Mr. Griffin’s background). Further, you had professionals like SK (CPA) and Davelj (banking and finance) weighing in and offering excellent insights on the subject and you’re retorting with Wiki entries and an added dollop of Griffin.

As with anything else: DIG. Even more important, find the facts. “In God We Trust. Everyone Else Bring Data”. A most excellent tagline, don’t you agree?
Here is another one from SV from CV.
Submitted by SK in CV on May 24, 2010 – 12:14pm.

investor wrote:
Good questions. The fed has never been audited. We don’t know who owns the shares.

I’m not sure why you think an audit would necessarily reveal ownership. For publicly traded companies, the only required disclosure is for 5% or more ownership. From my previous life as a CPA, my recollection is that disclosure of ownership is not necessarily required unless it is material to the ongoing business of the entity.

What we do know from other disclosures, is that all federally chartered banks have investments in the fed, and through the fed’s website (and in some cases from individual stockholder banks financial disclosures) that ownership (and investment) is based on the capital of those individual banks and pays a fixed rate of return.
I didn’t bring up credentials first. SV from CV and Allen from Fallbrook did, as I have said. You made me go back and prove you wrong. I wasted my time doing so. Will you say that you were wrong or will you try to wiggle out of it? (I know that you did not give out credentials but the three of you are siblings anyway.)I thought so.

[investor]

Here is one from the other tread. Submitted by Allan from Fallbrook on May 29, 2010 – 2:18pm.

eavesdropper wrote:

You are playing a dangerous game with your freedom when you remain in selective ignorance by placing all your trust in authors whose writings mirror your own thoughts, philosophies, and prejudices.

Excellent quote, eavesdropper. Investor, I’d use the example of selecting a surgeon for a very dangerous brain operation. I’d imagine you’d do a great deal of research on this doctor, including verifying that he/she is a Fellow with the American College of Surgeons (FACS), has done this operation (and with success) numerous times before, and is well regarded as a leader in the field of brain surgery.

I cannot imagine you’d simply pick someone because they told you they’d read some books on the subject, found it interesting, and would like to take a crack at trepanning you for the hell of it.

You mentioned that I like to fight. I actually don’t. I enjoy debating tremendously and I hate being misquoted. In this case, I found your lack of intellectual curiosity frustrating, especially given your slavish adherence to what amounts to a crackpot (hence my suggestion to do a little digging into Mr. Griffin’s background). Further, you had professionals like SK (CPA) and Davelj (banking and finance) weighing in and offering excellent insights on the subject and you’re retorting with Wiki entries and an added dollop of Griffin.

As with anything else: DIG. Even more important, find the facts. “In God We Trust. Everyone Else Bring Data”. A most excellent tagline, don’t you agree?
Here is another one from SV from CV.
Submitted by SK in CV on May 24, 2010 – 12:14pm.

investor wrote:
Good questions. The fed has never been audited. We don’t know who owns the shares.

I’m not sure why you think an audit would necessarily reveal ownership. For publicly traded companies, the only required disclosure is for 5% or more ownership. From my previous life as a CPA, my recollection is that disclosure of ownership is not necessarily required unless it is material to the ongoing business of the entity.

What we do know from other disclosures, is that all federally chartered banks have investments in the fed, and through the fed’s website (and in some cases from individual stockholder banks financial disclosures) that ownership (and investment) is based on the capital of those individual banks and pays a fixed rate of return.
I didn’t bring up credentials first. SV from CV and Allen from Fallbrook did, as I have said. You made me go back and prove you wrong. I wasted my time doing so. Will you say that you were wrong or will you try to wiggle out of it? (I know that you did not give out credentials but the three of you are siblings anyway.)I thought so.

[investor]

Here is one from the other tread. Submitted by Allan from Fallbrook on May 29, 2010 – 2:18pm.

eavesdropper wrote:

You are playing a dangerous game with your freedom when you remain in selective ignorance by placing all your trust in authors whose writings mirror your own thoughts, philosophies, and prejudices.

Excellent quote, eavesdropper. Investor, I’d use the example of selecting a surgeon for a very dangerous brain operation. I’d imagine you’d do a great deal of research on this doctor, including verifying that he/she is a Fellow with the American College of Surgeons (FACS), has done this operation (and with success) numerous times before, and is well regarded as a leader in the field of brain surgery.

I cannot imagine you’d simply pick someone because they told you they’d read some books on the subject, found it interesting, and would like to take a crack at trepanning you for the hell of it.

You mentioned that I like to fight. I actually don’t. I enjoy debating tremendously and I hate being misquoted. In this case, I found your lack of intellectual curiosity frustrating, especially given your slavish adherence to what amounts to a crackpot (hence my suggestion to do a little digging into Mr. Griffin’s background). Further, you had professionals like SK (CPA) and Davelj (banking and finance) weighing in and offering excellent insights on the subject and you’re retorting with Wiki entries and an added dollop of Griffin.

As with anything else: DIG. Even more important, find the facts. “In God We Trust. Everyone Else Bring Data”. A most excellent tagline, don’t you agree?
Here is another one from SV from CV.
Submitted by SK in CV on May 24, 2010 – 12:14pm.

investor wrote:
Good questions. The fed has never been audited. We don’t know who owns the shares.

I’m not sure why you think an audit would necessarily reveal ownership. For publicly traded companies, the only required disclosure is for 5% or more ownership. From my previous life as a CPA, my recollection is that disclosure of ownership is not necessarily required unless it is material to the ongoing business of the entity.

What we do know from other disclosures, is that all federally chartered banks have investments in the fed, and through the fed’s website (and in some cases from individual stockholder banks financial disclosures) that ownership (and investment) is based on the capital of those individual banks and pays a fixed rate of return.
I didn’t bring up credentials first. SV from CV and Allen from Fallbrook did, as I have said. You made me go back and prove you wrong. I wasted my time doing so. Will you say that you were wrong or will you try to wiggle out of it? (I know that you did not give out credentials but the three of you are siblings anyway.)I thought so.

[investor]

Here is one from the other tread. Submitted by Allan from Fallbrook on May 29, 2010 – 2:18pm.

eavesdropper wrote:

You are playing a dangerous game with your freedom when you remain in selective ignorance by placing all your trust in authors whose writings mirror your own thoughts, philosophies, and prejudices.

Excellent quote, eavesdropper. Investor, I’d use the example of selecting a surgeon for a very dangerous brain operation. I’d imagine you’d do a great deal of research on this doctor, including verifying that he/she is a Fellow with the American College of Surgeons (FACS), has done this operation (and with success) numerous times before, and is well regarded as a leader in the field of brain surgery.

I cannot imagine you’d simply pick someone because they told you they’d read some books on the subject, found it interesting, and would like to take a crack at trepanning you for the hell of it.

You mentioned that I like to fight. I actually don’t. I enjoy debating tremendously and I hate being misquoted. In this case, I found your lack of intellectual curiosity frustrating, especially given your slavish adherence to what amounts to a crackpot (hence my suggestion to do a little digging into Mr. Griffin’s background). Further, you had professionals like SK (CPA) and Davelj (banking and finance) weighing in and offering excellent insights on the subject and you’re retorting with Wiki entries and an added dollop of Griffin.

As with anything else: DIG. Even more important, find the facts. “In God We Trust. Everyone Else Bring Data”. A most excellent tagline, don’t you agree?
Here is another one from SV from CV.
Submitted by SK in CV on May 24, 2010 – 12:14pm.

investor wrote:
Good questions. The fed has never been audited. We don’t know who owns the shares.

I’m not sure why you think an audit would necessarily reveal ownership. For publicly traded companies, the only required disclosure is for 5% or more ownership. From my previous life as a CPA, my recollection is that disclosure of ownership is not necessarily required unless it is material to the ongoing business of the entity.

What we do know from other disclosures, is that all federally chartered banks have investments in the fed, and through the fed’s website (and in some cases from individual stockholder banks financial disclosures) that ownership (and investment) is based on the capital of those individual banks and pays a fixed rate of return.
I didn’t bring up credentials first. SV from CV and Allen from Fallbrook did, as I have said. You made me go back and prove you wrong. I wasted my time doing so. Will you say that you were wrong or will you try to wiggle out of it? (I know that you did not give out credentials but the three of you are siblings anyway.)I thought so.

[Author]

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