Why the fuck does the FED still exist?
eekamouse
Posts: 267
WHY?!?!?!??!?!
I have been keeping my house payment up to date. Never missed a payment.
Guess what. People are getting shot if they try to take my house away or fuck.
This is fucking bullshit.
/rant
I have been keeping my house payment up to date. Never missed a payment.
Guess what. People are getting shot if they try to take my house away or fuck.
This is fucking bullshit.
/rant
Love is more important to me than faith.
Post edited by Unknown User on
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Slavery by default rocks...
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
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You REALLY should read The Creature From Jekyll Island: A Second Look At The Federal Reserve
I got Sludge_Factory to read it and he told me (PM) that he has to actualy put the book down every so often because he gets so pissed off at every turn of the page that he almost explodes.
To answer your question in short
the Fed exists to protect the interests of the very large money\power magnets that created it. It was devised in a secret meeting at Jekyll island (in a resort owned by JP Morgan) by representatives (i mean really high ranking bank officials mostly) of JP Morgan, JD Rockefeller, the Rothschilds\Kuhn&Loeb (this was Paul Warburg, daddy War Bucks himself) senator Aldrich and another fat cat or two.
Here is a short history of that meeting.
It was created (the Fed) specificaly to subvert the popular effort at the time, which could be surmised in the catch phrase of the time, "Down with the 'Money Trust'!"
Unfortunately the bill that passed congress -- with senator Aldrich's help (Aldrich, who was intimiately related to the Rockefellers, he was JD Rockefeller Jr's father in law!) -- was in fact a creation of The Money Trust itself, and the american public was duped in to the creation of a monster that would continue to suck their blood for over a hundred years.
:(
What specificaly was your question, again?
If I opened it now would you not understand?
I've watched enough Youtube BS about that Jekyll Island crap to make me vomit.
Conspiracy or not, it should be disbanded or at the very least hold public meetings, preferably disbanded.
It's fucking stupid that my house's value is determined by Ben Bernanke. Sorry, it is. He has more effect than anything on my housing value? Fuck that.
He's stealing from me. Fucking dumb bitch.
Not only that, but the Fed has more affect on the economy in general than ANY other one influence.
For example, if you look at a graph of either the S&P or DOW going back 100 years you will see that the graph almost identicaly mimics a graph of inflation. Conversely you will see it nearly directly mirrors a graph of the dollar's value, which is the inverse.
I wish i could find the page i visited that had a stock market data chart running back to the mid-late 1800s.
You can clearly see that BEFORE the Fed, the stock market total values fluctuated in a TIGHT range between like 50 and 75 for over 40 years. Dow 100 years+ ... after the Fed got started it still took almost 50 years for the value to double to 100.
Also.
Notice this:
btween 1962 and 1982 the Dow peaked out at 1000 at least FIVE times. It just could not get any higher. Why? Probably because, as the dow graph indicates, 1000 is 10x greater than 100, which means that US currency was probably already leveraged out at something approximating 10 to 1 (10 dollars for every $1 worth of gold to back it) ... there wasn't enough money to invest to "fake" it higher.
However, in 1971 the world went off the gold standard and low and behold ... what happend?
The Fed was no longer tied down by an obligation to back ANY percentage of money it printed with gold, and WHOA ... the dow, which took ONE HUNDRED years to go from 100 to 1000 (with 90% of that 10 fold increase happening AFTER the creation of the Fed, mind you) suddenly rushes from 1,000 to 14,000 in 20 years!
Hmm.
?
If I opened it now would you not understand?
connect the dots...
nuff said.who is looking after who
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
The Fed was no longer tied down by an obligation to back ANY percentage of money it printed with gold, and WHOA ... the dow, which took ONE HUNDRED years to go from 100 to 1000 (with 90% of that 10 fold increase happening AFTER the creation of the Fed, mind you) suddenly rushes from 1,000 to 14,000 in 20 years!"
interesting stuff D.
also when you look at that same time period, look at the various bubbles that happened with the economy. Recession BOOM recession BOOM Recession BOOM
1999 end of boom
1999-2003 near recession
Mid 2001, the fed starts massive interest rate cuts, flooding the market with money ... cheap loans (subprime anyone?) and lots of credit card offers to John Q Public ...
Rate cuts are generaly acknowledged to take about 18 months to have any real effect.
Mid-2002 to 2003 the market starts bottoming ... this is just near exactly 18 months after the fed starts giving "free" money to wall street.
Coincidence?
Hardly
2003-2007 a massive "boom"
Late 2007- God Knows When : BUST
2007-God Knows When : Fed Cuts the SHIT out of rates
Next boom ???
If I opened it now would you not understand?
Just because something is labeled a conspiracy doesn't mean it didn't really happen. It just means it was done subersively with a sinister design. Since it isn't common knowledge it is a conspiracy because that is the basic definition of conspiracy.
But yeah, I agree with you, it would be nice to see the FED disbanded because I don't like some rich fat fuck deciding what my money should be worth.
Thankfully I have yet to explode. I say 'yet', because I haven't finished it! Who knows what else is in store
But seriously, it really does piss me off. Especially since they seemingly ignore the issue in school and teach you instead that a few people have our interests at heart when making the big decisions. Not to mention the fact that I'm left with a feeling of helplessness in doing anything about it.
Hail Hail HIPPIEMOM
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