[misterno]

The act created the Federal Reserve System, a name carefully selected and designed to deceive. "Federal" would lead one to believe that this is a government organization. "Reserve" would lead one to believe that the currency is being backed by gold and silver. "System" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created.
In reality, the act created a private, for profit, central banking corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.


http://www.silverbearcafe.com/private/JFK.html

[ReverseEngineer]

This has been discussed in detail in
The Federal Reserve System Thread
and
The Federal Reserve Thread

Reverse Engineer

[canis_lupus]

I just disgusted myself by watching all three and a half hours of this while cleaning my office:


http://video.google.com/videoplay?docid ... 0256183936


I had no idea it was this bad.

[yesec9]

It rings of conspiracy theory, presenting information so different than the general viewpoint, but the pieces all fit together. It seems the grand scheme would involve keeping the mouths shut of the many government employees who do these peoples' bidding.

Unfortunately, if this were all true, it would make sense because of the degree of indoctrination and Fed cheerleaders presented by the media whose holding companies, according to this, are controlled by the same interests as the Fed is.

It would be a step in the right direction to try to push for more transparency in the Open Market Committee and the IRS who are both apparently more secretive than the CIA.

[oswald622]

the other national bank we had was private too - the bank of the united states, which andrew jackson killed. whoever put him on the 20 dollar bill had a good sense of humor.

[Pretorian]

If any group of people will work together toward a certain goal, it can achieve anything.

[Micki]

$this->bbcode_second_pass_quote('misterno', 'T')he act created the Federal Reserve System, a name carefully selected and designed to deceive. "Federal" would lead one to believe that this is a government organization. "Reserve" would lead one to believe that the currency is being backed by gold and silver. "System" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created.
In reality, the act created a private, for profit, central banking corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.


http://www.silverbearcafe.com/private/JFK.html

[yesec9]

I was a Ron Paul supporter but regretfully failed my country by missing the primaries

[Dreamtwister]

$this->bbcode_second_pass_quote('Micki', 'M')aybe now you will start listening to what Dr Ron Paul has to say. Too bad a few million more didn't wake up before the election.

[yesec9]

Oh but wait, the video doesn't suggest going to a gold standard, saying it would be a mistake saying that those that control the fed already possess most of the gold out there. They instead advocate debt-free government notes issued by Congress instead of a privately owned central bank. Like Lincoln's greenbacks. Apparently when that debt-free currency existed, the economy was so good that the corporations were able to finance capital expenditures out of their own cash reserves rather than debt financing. No wonder the bankers wanted to do away with that.

The way they are saying it in this video however is that the Fed purposefully deflated the currency to cause the GD. I am skeptical of that. But still, so much of the video is entirely true, I just can't bring myself to believe some of the details of it. But then again maybe the "money changers" really are that evil.

Ron Paul supported the gold standard but I am skeptical about it because gold is very rare and the inflation/deflation rate would be determined by supply and demand, which can distort the money supply whenever discoveries are made or there are shortages.

[Dreamtwister]

$this->bbcode_second_pass_quote('yesec9', 'O')h but wait, the video doesn't suggest going to a gold standard, saying it would be a mistake saying that those that control the fed already possess most of the gold out there. They instead advocate debt-free government notes issued by Congress instead of a privately owned central bank.

[Tyler_JC]

$this->bbcode_second_pass_quote('yesec9', 'O')h but wait, the video doesn't suggest going to a gold standard, saying it would be a mistake saying that those that control the fed already possess most of the gold out there. They instead advocate debt-free government notes issued by Congress instead of a privately owned central bank. Like Lincoln's greenbacks. Apparently when that debt-free currency existed, the economy was so good that the corporations were able to finance capital expenditures out of their own cash reserves rather than debt financing. No wonder the bankers wanted to do away with that.

The way they are saying it in this video however is that the Fed purposefully deflated the currency to cause the GD. I am skeptical of that. But still, so much of the video is entirely true, I just can't bring myself to believe some of the details of it. But then again maybe the "money changers" really are that evil.

Ron Paul supported the gold standard but I am skeptical about it because gold is very rare and the inflation/deflation rate would be determined by supply and demand, which can distort the money supply whenever discoveries are made or there are shortages.

[joewp]

$this->bbcode_second_pass_quote('Tyler_JC', '
')The choice is between an independent central bank and a publicly accountable central bank. An independent central bank results in a statistically significant reduction in inflation and increase in overall monetary stability.

[mattduke]

Why is the concept of allowing the free market to decide upon money so incomprehensible to people?

[Dreamtwister]

$this->bbcode_second_pass_quote('mattduke', 'W')hy is the concept of allowing the free market to decide upon money so incomprehensible to people?

[joewp]

$this->bbcode_second_pass_quote('mattduke', 'W')hy is the concept of allowing the free market to decide upon money so incomprehensible to people?

[paimei01]

http://www.dailykos.com/story/2006/12/7/221733/660

$this->bbcode_second_pass_quote('', ' ') Nothing but widespread suffering will produce any effect on Congress.... Our only safety is in pursuing a steady course of firm restriction - and I have no doubt that such a course will ultimately lead to restoration of the currency and the recharter of the Bank."
-- Nicholas Biddle

What a stunning revelation. Here was the pure truth, revealed with shocking clarity. Biddle intended to use the money-contraction power of the Bank to cause a massive depression until America gave in. Unfortunately, this has happened time and time again throughout US history, and is about to happen again, in today's world.