What About the Federal Reserve?

[LanceFreeman]

Click here: Who Owns The Federal Reserve? | Global Research

Click here: 10 Things That Every American Should Know About The Federal Reserve

 

[LanceFreeman]

Click here: The Federal Reserve: An Astounding Exposure 1934

Click here: Louis T. McFadden (1876-1936): An American Hero by Richard C. Cook | Dandelion Salad

 

[LanceFreeman]

To Wahbooz: Thought I'd present some material reflecting my side of the story, and why your concept of the FED being an arm of the U.S. government is confusing to me. If I am to abandon my own concept of what the FED is about, then we should clarify why so many fought, and are fighting, to abolish it, like the Chairman of the House Banking Committee (Louis T. McFadden). Am sure you'll agree that this man, and so many responsible others like him (Ron Paul, et al.), are not simply 'conspiracy theorists'. McFadden paid with his life for challenging those bankster bastards. There I go calling them bastards again, tsk, tsk---

 

[Wahbooz]

To Wahbooz: Thought I'd present some material reflecting my side of the story, and why your concept of the FED being an arm of the U.S. government is confusing to me. If I am to abandon my own concept of what the FED is about, then we should clarify why so many fought, and are fighting, to abolish it, like the Chairman of the House Banking Committee (Louis T. McFadden). Am sure you'll agree that this man, and so many responsible others like him (Ron Paul, et al.), are not simply 'conspiracy theorists'. McFadden paid with his life for challenging those bankster bastards. There I go calling them bastards again, tsk, tsk---

Please don't use the name Ron Paul. I once considered him to be a responsible politician, until I did some research on him. He rants about government spending, and yet he spends like a 'drunken sailor' himself. As for McFadden, of course he fought against the Fed; he was a banker turned politician. As for his paranoid hatred for Jews, I'll just let that go. Besides, what would Jews care. They have the diamond market sewn up.

The Reason so many are opposed to the Fed is very simple. Many banks do not want to be regulated, they want your funds free and clear to play with. One of the duties of the Fed is regulating commercial banks. Much like the Gramm/Leach/Bliley bill overturning Glass/Steagall, too many in the banking community want to get rid of the Fed. Get rid of them, as well as any other regulations, and wait and see what happens then. You will see more reckless gambling with bank reserves, people losing their butts, and the economy in disarray.

 

[LanceFreeman]

Please don't use the name Ron Paul. I once considered him to be a responsible politician, until I did some research on him. He rants about government spending, and yet he spends like a 'drunken sailor' himself. As for McFadden, of course he fought against the Fed; he was a banker turned politician. As for his paranoid hatred for Jews, I'll just let that go. Besides, what would Jews care. They have the diamond market sewn up.

The Reason so many are opposed to the Fed is very simple. Many banks do not want to be regulated, they want your funds free and clear to play with. One of the duties of the Fed is regulating commercial banks. Much like the Gramm/Leach/Bliley bill overturning Glass/Steagall, too many in the banking community want to get rid of the Fed. Get rid of them, as well as any other regulations, and wait and see what happens then. You will see more reckless gambling with bank reserves, people losing their butts, and the economy in disarray.

Well, Wahbooz, there is no question that quite a few people agree with your stance on the FED, otherwise it would not continue to exist.

My problem is this: the idea of a central bank originated with Jewish bankers in Europe, and if it were not for the Rothschild agent, Paul Warburg, coming over from London and fighting for passage of the Federal Reserve Act by bribing a few senators, like Senator Nelson Aldrich, and rallying local banker forces behind it, we would not have a central bank today in America. Everybody from Andrew Jackson to Abraham Lincoln, to Senator Charles Lindburgh, Snr. (father of the famous aviator), to Congressman Louis McFadden, to Senator Wright Patman. to Congressman Larry McDonald, were against a central bank. Even President Woodrow Wilson lamented later that he had made a big mistake signing the Federal Reserve Act into law. Even President Kennedy was planning to replace the Federal Reserve, and return our currency to congressional control, if elected to a second term. What did these people know that we don't?

Btw, where did you get the idea that Congressman McFadden hated Jews? First time I've heard of it. Why is it that it's always Jews that people hate? It is never Chinese, or East Indians, or North Koreans, or Eskimos. It's always Jews. What is it about Jews that makes them so hated, or so special?

 

[Woolleybugger]

The Fed is a necessary vehicle to regulate and manage monetary policy. They have to navigate extremely complex matters with precious little guidance but for economic theory that only goes back at most 80 years. Everything before the depression . basically the old order and economy. Statistics were not as accurate as they are today. During the Gold reserve days, money was a zero sum game because the supply of money was limited by reserves. The only way to increase the supply of money was to find more gold. Gold is pretty hard to find. All the gold that has ever been found would fill an olympic swimming pool. Gold miners work their butts off to find a pound or two of it. It was incompatible with the type of wealth creation the world demanded and needed to overcome massive poverty. There is nothing wrong with fiat money. The key is to understand it. Rand Paul has no clue what fiat money is and he will never get beyond his narrow view of money.

 

[fairsheet]

Back in the day, the Euros carried on a lucrative trade with the Chinese. The Euros wanted China's....china, silks, and spices. The Chinese wanted the the Euro's silver. Eventually, it all went to shit because the Euros ran out of silver. They'd traded it all to the Chinese!

In the end, that didn't serve either the Euros or the Chinese well.

Anyway....every five years or so, since the Fed came to be, there's been a whole new cycle of Fed-hate and demands that the Fed MUST BE AUDITED!!!! And every time, the Fed has said...."No problem. Audit to your heart's content." That ends that cycle, then it starts over again 5 years down the road.

 

[LanceFreeman]

Click here: Economic Rape of America - The Federal Reserve Bankers

Folks, this expanded tract on the dangers of the Federal Reserve should be read, and absorbed, by every American who loves his country. It is very well written.

 

[Wahbooz]

Well, Wahbooz, there is no question that quite a few people agree with your stance on the FED, otherwise it would not continue to exist.

My problem is this: the idea of a central bank originated with Jewish bankers in Europe, and if it were not for the Rothschild agent, Paul Warburg, coming over from London and fighting for passage of the Federal Reserve Act by bribing a few senators, like Senator Nelson Aldrich, and rallying local banker forces behind it, we would not have a central bank today in America. Everybody from Andrew Jackson to Abraham Lincoln, to Senator Charles Lindburgh, Snr. (father of the famous aviator), to Congressman Louis McFadden, to Senator Wright Patman. to Congressman Larry McDonald, were against a central bank. Even President Woodrow Wilson lamented later that he had made a big mistake signing the Federal Reserve Act into law. Even President Kennedy was planning to replace the Federal Reserve, and return our currency to congressional control, if elected to a second term. What did these people know that we don't?

Btw, where did you get the idea that Congressman McFadden hated Jews? First time I've heard of it. Why is it that it's always Jews that people hate? It is never Chinese, or East Indians, or North Koreans, or Eskimos. It's always Jews. What is it about Jews that makes them so hated, or so special?

First of all, if you get your information from a website that claims the Federal Reserve Bank is a 'privately owned bank', you're getting biased information which I will not accept. Executive Order 11110 had nothing to do with the Federal Reserve, the abolishment of it, or reigning in of it's powers; unlike the conspiracy theory put forth by Jim Marrs in his book Crossfire. This executive order gave the Treasury power to mint silver certificates, as needed, for any silver that was in the treasury but not held as redemption of silver certificates already in circulation. It also gave the authority to mint silver dollars, which was intended to be the 1964 Peace dollar. This was never done. After Kennedy's death the Secretary of the Treasury halted redemption of silver certificates, and the 1964 Peace dollar idea was scrapped. The remaining silver dollars, held by the treasury, were sold to the public.

They love conspiracies, as noted in an article that was written for Research magazine, calling the conspiracy theory that Kennedy was assassinated by the Fed because he was going to do away with the Fed. The truth is Kennedy called for, and signed, legislation which phased out the silver certificate, and replaced it with the Federal Reserve note. I'm sorry, but there are loads of conspiracy theorists out there.

 

[Wahbooz]

A prime example of the treasury selling off the silver dollars in the vault are the GSA dollars.

As I recall, someone on this board claimed that United States Notes were the way to go, that they were our money, and we backed by silver. That is a fallacy, these were not demand notes. United States Notes were fiat currency, created in 1862. The 'on demand' was replaced with 'Legal Tender'.

Trust me.... or not.... I deal in rare coins and currency.

 

[LanceFreeman]

First of all, if you get your information from a website that claims the Federal Reserve Bank is a 'privately owned bank', you're getting biased information which I will not accept. Executive Order 11110 had nothing to do with the Federal Reserve, the abolishment of it, or reigning in of it's powers; unlike the conspiracy theory put forth by Jim Marrs in his book Crossfire. This executive order gave the Treasury power to mint silver certificates, as needed, for any silver that was in the treasury but not held as redemption of silver certificates already in circulation. It also gave the authority to mint silver dollars, which was intended to be the 1964 Peace dollar. This was never done. After Kennedy's death the Secretary of the Treasury halted redemption of silver certificates, and the 1964 Peace dollar idea was scrapped. The remaining silver dollars, held by the treasury, were sold to the public.

They love conspiracies, as noted in an article that was written for Research magazine, calling the conspiracy theory that Kennedy was assassinated by the Fed because he was going to do away with the Fed. The truth is Kennedy called for, and signed, legislation which phased out the silver certificate, and replaced it with the Federal Reserve note. I'm sorry, but there are loads of conspiracy theorists out there.

Have you heard of Jekyll Island, Wahbooz? What do you know of Jekyll Island and what transpired there in 1910?

Also, regarding Kennedy's death, the Jury is still out on who actually killed him. I personally do not believe the official story that Oswald did it, or that he was the only one involved. So, the FED theory to me is as viable as any other theory. Actually, it makes more sense to me than the Oswald story. Oswald had no real reason to kill Kennedy, but the bankers who own the FED do. I am surprised that you would discount so much evidence that is out there about the FED's real ownership, and the harm it is doing. Anybody who does not subscribe to the idea that the FED is an actual arm of the U.S. government is a conspiracy theorist?

Regarding the article in Research Magazine, what makes its author more credible than the dozens of authors out there who have done research? And why would information obtained from a web site necessarily be biased information? It would depend on the author, wouldn't it? The Internet is the last bastion of free speech in America today. You are more likely to get the truth from an Internet web site than an official statement issued by the spin doctors of a corrupt government, or a daily newspaper which feeds on official spin, is likely to give you.

 

[Wahbooz]

Have you heard of Jekyll Island, Wahbooz? What do you know of Jekyll Island and what transpired there in 1910?

Also, regarding Kennedy's death, the Jury is still out on who actually killed him. I personally do not believe the official story that Oswald did it, or that he was the only one involved. So, the FED theory to me is as viable as any other theory. Actually, it makes more sense to me than the Oswald story. Oswald had no real reason to kill Kennedy, but the bankers who own the FED do. I am surprised that you would discount so much evidence that is out there about the FED's real ownership, and the harm it is doing. Anybody who does not subscribe to the idea that the FED is an actual arm of the U.S. government is a conspiracy theorist?

Regarding the article in Research Magazine, what makes its author more credible than the dozens of authors out there who have done research?

Ok, believe what you choose, it makes no difference to me. Simple fact is forensic specialists have debunked the conspiracy behind Kennedy's death, and it was documented on PBS. The credibility of other authors is in doubt when they make wild statements, such as those made about United States Notes, or what Executive Order 11110 was about.

It makes no difference to me anymore.

 

[LanceFreeman]

The Fed is a necessary vehicle to regulate and manage monetary policy. They have to navigate extremely complex matters with precious little guidance but for economic theory that only goes back at most 80 years. Everything before the depression . basically the old order and economy. Statistics were not as accurate as they are today. During the Gold reserve days, money was a zero sum game because the supply of money was limited by reserves. The only way to increase the supply of money was to find more gold. Gold is pretty hard to find. All the gold that has ever been found would fill an olympic swimming pool. Gold miners work their butts off to find a pound or two of it. It was incompatible with the type of wealth creation the world demanded and needed to overcome massive poverty. There is nothing wrong with fiat money. The key is to understand it. Rand Paul has no clue what fiat money is and he will never get beyond his narrow view of money.

This idea that we cannot do without the FED is faulty, and dangerous, in my view. If we are to live by fiat money, then let us print our own interest-free money, and stop accumulating more debt to the bankers through interest payments.

 

[LanceFreeman]

Ok, believe what you choose, it makes no difference to me. Simple fact is forensic specialists have debunked the conspiracy behind Kennedy's death, and it was documented on PBS. The credibility of other authors is in doubt when they make wild statements, such as those made about United States Notes, or what Executive Order 11110 was about.

It makes no difference to me anymore.

Well, let us agree to disagree on this one, Wahbooz; no harm done. I wouldn't argue with you if I didn't have strong feelings about the evidence I have come across. And I am not that easy to convince.

I do note, with interest, that you are a dealer in rare coins and currency. I'll keep that in mind in the event I have a question on these items.

 

[Wahbooz]

Well, let us agree to disagree on this one, Wahbooz; no harm done. I wouldn't argue with you if I didn't have strong feelings about the evidence I have come across. And I am not that easy to convince.

I do note, with interest, that you are a dealer in rare coins and currency. I'll keep that in mind in the event I have a question on these items.

That's fine, but I suspect you need to do more research on the 'evidence' you feel you have come across. When wild claims are made, such as Kennedy's supposed involvement in abolishing the Fed, you need to take those claims with a gain of salt, because that is how much they are worth.

Consider this, much like the Americans For Prosperity ruling, you have people interested only in taking away more of your financial security. By putting people into office, hell bent on doing away with the federal government, and putting your future back into the hands of the very wealthy with no control over them, your financial security is in jeopardy. Do away with the Fed, and the banks will do as they choose, just like they did more than 80 years ago. But if that is what the American people want now, if their memory is that short, who am I to say anything.

 

[LanceFreeman]

That's fine, but I suspect you need to do more research on the 'evidence' you feel you have come across. When wild claims are made, such as Kennedy's supposed involvement in abolishing the Fed, you need to take those claims with a gain of salt, because that is how much they are worth.

Consider this, much like the Americans For Prosperity ruling, you have people interested only in taking away more of your financial security. By putting people into office, hell bent on doing away with the federal government, and putting your future back into the hands of the very wealthy with no control over them, your financial security is in jeopardy. Do away with the Fed, and the banks will do as they choose, just like they did more than 80 years ago. But if that is what the American people want now, if their memory is that short, who am I to say anything.

I do believe that banks and financial institutions should be regulated, and acts like Glass-Steagall should be restored. Bill Clinton, a puppet of the bankers, screwed us silly when he abolished Glass-Steagall. If Congress assumes its proper responsibility in the wake of FED abolition, there should be no reason for banks to run wild. I can tell you right now that the FED is going to be tough to remove; that's how much power the bankers have. Only the combined effort of the American people, pressing on their representatives with some determination, will achieve it, and I cannot see that happening anytime soon. Our citizens have become lazy and cowardly, and too easily distracted by the Circus Maximus, to do anything worthwhile for their country. They wait for establishment politicos to tell them what to do and where to go, and they go do it.

The average voter today, sorry to say, has the IQ of a chicken. Why else would we get a half-wit president like George W. Bush in the WH for 8 years? Why else would we have an incompetent Marxist like Baruch Obama in the WH today, who, with the help of his Jewish advisers, is busy sovietizing the United States? Why else would so many of our citizens look up to a globalist puppet like Hillary Clinton as the next president, and an Israeli boot-licker, and simpleton, like Sarah Palin, as a possible alternative? I have to shake my head in wonder (and disgust) whenever I go to the polls and watch our citizens standing in line to vote. They seem to get dumber by the year.

 

[Wahbooz]

I do believe that banks and financial institutions should be regulated, and acts like Glass-Steagall should be restored. Bill Clinton, a puppet of the bankers, screwed us silly when he abolished Glass-Steagall. If Congress assumes its proper responsibility in the wake of FED abolition, there should be no reason for banks to run wild. I can tell you right now that the FED is going to be tough to remove; that's how much power the bankers have. Only the combined effort of the American people, pressing on their representatives with some determination, will achieve it, and I cannot see that happening anytime soon. Our citizens have become lazy and cowardly, and too easily distracted by the Circus Maximus, to do anything worthwhile for their country. They hardly know what's going on in Washington.

The average voter today, sorry to say, has the IQ of a chicken. I have to shake my head in wonder (and disgust) whenever I go to the polls and watch our citizens standing in line to vote. They seem to get dumber with time.

You see, this is exactly what I'm talking about. Clinton had little choice but to sign the legislation, because they had a veto proof majority, but it was Gramm/Leach/Bliley which recinded Glass/Steagall. And why, only for the interest of the bankers. Clinton wasn't a puppet for the bankers, Phil Gramm's wife was who? And what did he say when the economy went bust? He called Americans a bunch of whiners.

Do a little research.

 

[Woolleybugger]

This idea that we cannot do without the FED is faulty, and dangerous, in my view. If we are to live by fiat money, then let us print our own interest-free money, and stop accumulating more debt to the bankers through interest payments.

Well you have an interesting point regarding interest we pay ourselves. It is strange that we do it since it seems that paying interest to get money we could just create out of thin air is kind of absurd. But it serves one valuable purpose, it helps set interest rates for all borrowers.

 

[LanceFreeman]

Well you have an interesting point regarding interest we pay ourselves. It is strange that we do it since it seems that paying interest to get money we could just create out of thin air is kind of absurd. But it serves one valuable purpose, it helps set interest rates for all borrowers.

Wonderful. This is all the argument we need to hang on to a foreign central bank.

 

[LanceFreeman]

You see, this is exactly what I'm talking about. Clinton had little choice but to sign the legislation, because they had a veto proof majority, but it was Gramm/Leach/Bliley which recinded Glass/Steagall. And why, only for the interest of the bankers. Clinton wasn't a puppet for the bankers, Phil Gramm's wife was who? And what did he say when the economy went bust? He called Americans a bunch of whiners.
Do a little research.

Wahbooz, am not going to argue this one point about Clinton. I have my understanding of him, and you have yours. I never liked Phil Gramm or his neocon ilk in Congress. I want Glass-Steagall back.