[investor]

[quote=Allan from Fallbrook]Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.

Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.

And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.

As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.[/quote]
Senatror aldrich was JD rockefellor’s father in law and was sent to europe because of the panic of 1907 to find a way to minimise financial crises. He came back, met is secret at jekyll island and formed the federal reserve on the bank of england, a privatly owned company, that has managed englands money since the 1690’s. The publically states purpose of the fed is as you state but the auther of the creature book makes it VERY CLEAR that this was not the true pupose. How can you read the creature book and not understand the authors main theories spelled out consistantly for 800 pages? Andrew jackson made the elimination of the fed one of his main platforms for his second election. Jefferson worked very hard to kill the re-signing of the central bank due to expire in 1810/1811. The author of the creature book makes this very plain. how is it that you do not seem to understand even the simplest of ideas from the book?

[investor]

[quote=Allan from Fallbrook]Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.

Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.

And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.

As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.[/quote]
Senatror aldrich was JD rockefellor’s father in law and was sent to europe because of the panic of 1907 to find a way to minimise financial crises. He came back, met is secret at jekyll island and formed the federal reserve on the bank of england, a privatly owned company, that has managed englands money since the 1690’s. The publically states purpose of the fed is as you state but the auther of the creature book makes it VERY CLEAR that this was not the true pupose. How can you read the creature book and not understand the authors main theories spelled out consistantly for 800 pages? Andrew jackson made the elimination of the fed one of his main platforms for his second election. Jefferson worked very hard to kill the re-signing of the central bank due to expire in 1810/1811. The author of the creature book makes this very plain. how is it that you do not seem to understand even the simplest of ideas from the book?

[investor]

[quote=Allan from Fallbrook]Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.

Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.

And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.

As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.[/quote]
Senatror aldrich was JD rockefellor’s father in law and was sent to europe because of the panic of 1907 to find a way to minimise financial crises. He came back, met is secret at jekyll island and formed the federal reserve on the bank of england, a privatly owned company, that has managed englands money since the 1690’s. The publically states purpose of the fed is as you state but the auther of the creature book makes it VERY CLEAR that this was not the true pupose. How can you read the creature book and not understand the authors main theories spelled out consistantly for 800 pages? Andrew jackson made the elimination of the fed one of his main platforms for his second election. Jefferson worked very hard to kill the re-signing of the central bank due to expire in 1810/1811. The author of the creature book makes this very plain. how is it that you do not seem to understand even the simplest of ideas from the book?

[investor]

[quote=Allan from Fallbrook]Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.

Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.

And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.

As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.[/quote]
Senatror aldrich was JD rockefellor’s father in law and was sent to europe because of the panic of 1907 to find a way to minimise financial crises. He came back, met is secret at jekyll island and formed the federal reserve on the bank of england, a privatly owned company, that has managed englands money since the 1690’s. The publically states purpose of the fed is as you state but the auther of the creature book makes it VERY CLEAR that this was not the true pupose. How can you read the creature book and not understand the authors main theories spelled out consistantly for 800 pages? Andrew jackson made the elimination of the fed one of his main platforms for his second election. Jefferson worked very hard to kill the re-signing of the central bank due to expire in 1810/1811. The author of the creature book makes this very plain. how is it that you do not seem to understand even the simplest of ideas from the book?

[investor]

[quote=Allan from Fallbrook]Investor: I have read the book. I’ve also read enough history, especially related to the various bank panics and runs, to realize that your rambling screed is fairly divorced from both reality and fact.

Do a little research on the Fed, with a concentration on Carter Glass and Nelson Aldrich. Read up on the Panic of 1907, and the desire to avoid similar panics through the institution of a central bank, similar to those being used by the British, French and Germans prior to WWI.

And for the record, there were central banks in the US prior to the Fed. See First Bank of the United States (ca. 1791) and Second Bank of the United States (ca. 1816). I’d also recommend doing a little bit more research into Jefferson and Jackson and their feelings on central banks before turning this into some sort of sinister cabal.

As the more serious posters on this board are fond of pointing out: BRING FACTS. Not some breathless tirade utterly devoid of them.[/quote]
Senatror aldrich was JD rockefellor’s father in law and was sent to europe because of the panic of 1907 to find a way to minimise financial crises. He came back, met is secret at jekyll island and formed the federal reserve on the bank of england, a privatly owned company, that has managed englands money since the 1690’s. The publically states purpose of the fed is as you state but the auther of the creature book makes it VERY CLEAR that this was not the true pupose. How can you read the creature book and not understand the authors main theories spelled out consistantly for 800 pages? Andrew jackson made the elimination of the fed one of his main platforms for his second election. Jefferson worked very hard to kill the re-signing of the central bank due to expire in 1810/1811. The author of the creature book makes this very plain. how is it that you do not seem to understand even the simplest of ideas from the book?

[investor]

[quote=davelj][quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.
So you want to quote the federal reserve as your unbiased source? Hmmmm. The question is, who owns the bulk of the stock? The fed has never been audited so we don’t know, do we? Ownership, by itself does not necessarily mean corruption. Influencing world affairs with your power and making bilions off of managing our money is corruption. By the way, the failure of the continental is why the founding fathers put into the constitution that only congress could produce money and that it had to be made of precious metals, not paper. (reference, the creature book)

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm%5B/quote%5D
The fed is not working within the US government and never has. For proof, read the creature book which documents it well for 800 pages.These beliefs are very common amoungst the population and are horribly untrue. When the dollar bubble and the US debt bubble pops, maybe then the fed will be audited, but I doubt it. By audit, I mean all of its owners and cash flow exposed to the public.

[investor]

[quote=davelj][quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.
So you want to quote the federal reserve as your unbiased source? Hmmmm. The question is, who owns the bulk of the stock? The fed has never been audited so we don’t know, do we? Ownership, by itself does not necessarily mean corruption. Influencing world affairs with your power and making bilions off of managing our money is corruption. By the way, the failure of the continental is why the founding fathers put into the constitution that only congress could produce money and that it had to be made of precious metals, not paper. (reference, the creature book)

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm%5B/quote%5D
The fed is not working within the US government and never has. For proof, read the creature book which documents it well for 800 pages.These beliefs are very common amoungst the population and are horribly untrue. When the dollar bubble and the US debt bubble pops, maybe then the fed will be audited, but I doubt it. By audit, I mean all of its owners and cash flow exposed to the public.

[investor]

[quote=davelj][quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.
So you want to quote the federal reserve as your unbiased source? Hmmmm. The question is, who owns the bulk of the stock? The fed has never been audited so we don’t know, do we? Ownership, by itself does not necessarily mean corruption. Influencing world affairs with your power and making bilions off of managing our money is corruption. By the way, the failure of the continental is why the founding fathers put into the constitution that only congress could produce money and that it had to be made of precious metals, not paper. (reference, the creature book)

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm%5B/quote%5D
The fed is not working within the US government and never has. For proof, read the creature book which documents it well for 800 pages.These beliefs are very common amoungst the population and are horribly untrue. When the dollar bubble and the US debt bubble pops, maybe then the fed will be audited, but I doubt it. By audit, I mean all of its owners and cash flow exposed to the public.

[investor]

[quote=davelj][quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.
So you want to quote the federal reserve as your unbiased source? Hmmmm. The question is, who owns the bulk of the stock? The fed has never been audited so we don’t know, do we? Ownership, by itself does not necessarily mean corruption. Influencing world affairs with your power and making bilions off of managing our money is corruption. By the way, the failure of the continental is why the founding fathers put into the constitution that only congress could produce money and that it had to be made of precious metals, not paper. (reference, the creature book)

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm%5B/quote%5D
The fed is not working within the US government and never has. For proof, read the creature book which documents it well for 800 pages.These beliefs are very common amoungst the population and are horribly untrue. When the dollar bubble and the US debt bubble pops, maybe then the fed will be audited, but I doubt it. By audit, I mean all of its owners and cash flow exposed to the public.

[investor]

[quote=davelj][quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.
So you want to quote the federal reserve as your unbiased source? Hmmmm. The question is, who owns the bulk of the stock? The fed has never been audited so we don’t know, do we? Ownership, by itself does not necessarily mean corruption. Influencing world affairs with your power and making bilions off of managing our money is corruption. By the way, the failure of the continental is why the founding fathers put into the constitution that only congress could produce money and that it had to be made of precious metals, not paper. (reference, the creature book)

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm%5B/quote%5D
The fed is not working within the US government and never has. For proof, read the creature book which documents it well for 800 pages.These beliefs are very common amoungst the population and are horribly untrue. When the dollar bubble and the US debt bubble pops, maybe then the fed will be audited, but I doubt it. By audit, I mean all of its owners and cash flow exposed to the public.

[investor]

[quote=SK in CV]Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.[/quote]
The fed was passed on a voice vote of 3 people at midnight 12/23/1913. Does this sound like an honest discussion or more like a sneaky, corrupt bill? Place this in the context of the bill not passing in the years immediatly before and the 3 other central banks that ex-presidents called the worst entity placed on the american people and you can try and dismiss this as another conspiracy nutty idea if you want, but this one is well documented and is paralleled by the bank of england.

[investor]

[quote=SK in CV]Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.[/quote]
The fed was passed on a voice vote of 3 people at midnight 12/23/1913. Does this sound like an honest discussion or more like a sneaky, corrupt bill? Place this in the context of the bill not passing in the years immediatly before and the 3 other central banks that ex-presidents called the worst entity placed on the american people and you can try and dismiss this as another conspiracy nutty idea if you want, but this one is well documented and is paralleled by the bank of england.

[investor]

[quote=SK in CV]Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.[/quote]
The fed was passed on a voice vote of 3 people at midnight 12/23/1913. Does this sound like an honest discussion or more like a sneaky, corrupt bill? Place this in the context of the bill not passing in the years immediatly before and the 3 other central banks that ex-presidents called the worst entity placed on the american people and you can try and dismiss this as another conspiracy nutty idea if you want, but this one is well documented and is paralleled by the bank of england.

[investor]

[quote=SK in CV]Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.[/quote]
The fed was passed on a voice vote of 3 people at midnight 12/23/1913. Does this sound like an honest discussion or more like a sneaky, corrupt bill? Place this in the context of the bill not passing in the years immediatly before and the 3 other central banks that ex-presidents called the worst entity placed on the american people and you can try and dismiss this as another conspiracy nutty idea if you want, but this one is well documented and is paralleled by the bank of england.

[investor]

[quote=SK in CV]Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.[/quote]
The fed was passed on a voice vote of 3 people at midnight 12/23/1913. Does this sound like an honest discussion or more like a sneaky, corrupt bill? Place this in the context of the bill not passing in the years immediatly before and the 3 other central banks that ex-presidents called the worst entity placed on the american people and you can try and dismiss this as another conspiracy nutty idea if you want, but this one is well documented and is paralleled by the bank of england.

[Author]

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