The Federal Reserve
RockinInCanada
Posts: 2,016
Most mis-leading name I have ever seen given to a private bank....would like some comments on basis of The Federal Reserve and how a private bank economically controls America?
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I posted about Pres. Andrew Jackson and the "greenbacks" in another thread. I think some people like being slaves.
Libtardaplorable©. And proud of it.
Brilliantati©
"Hear me, my chiefs!
I am tired; my heart is
sick and sad. From where
the sun stands I will fight
no more forever."
Chief Joseph - Nez Perce
Can anyone watch that and say, yeah Bernanke answers seem generally truthful?
We gave out a trillion dollars to foreign central banks so that foreign investors would not cause volatility in our markets. Ignoring that our markets were already volatile at the time and on the brink of collapse all by our own doing, we loaned foreign banks money so they in turn would loan it to foreign investors, those same foreign investors (Bernanke doesn't know who ultimately received the foreign loans) that would cause volatility in our markets. Why? Our loan is with the foreign central banks not with the foreign investors so if the foreign investors default with the foreign central banks, we still get repaid, no skin off taxpayer backs (if the foreign central banks were so credit worthy why they need USD?). Furthermore the half a trillion increase in dollars into the foreign markets has nothing to do with world currency devaluation.
Make sense or sets off bullshit detector?
may not be exactly current (from 2009), but important & deplorable
bernanke is a deceitful little bastard
"Hear me, my chiefs!
I am tired; my heart is
sick and sad. From where
the sun stands I will fight
no more forever."
Chief Joseph - Nez Perce
The Federal Reserve’s mandate is to promote “maximum employment,” which essentially means: print enough money so that everyone who wants one has a job. Yet according to transcripts released this month after the traditional five-year waiting period, Federal Reserve officials in November 2011 were debating whether unemployment was caused by bad work ethics and drug use – rather than by the greatest financial crisis in 80 years. This debate then factored into the argument over setting monetary policy.