The Federal Reserve is not our friend

[Lesh]

I lament the ignorance of our citizenry:

In 1913, the Rothschilds established their last and current central bank in America -- the Federal Reserve Bank. This independent bank regulates and controls America's money supply and monetary policies. Even though the Federal Reserve is overseen by a board of governors appointed by the President of the United States, the bank's real control still resides with the Rothschild family.

The Rothschilds: Controlling the World's Money Supply for More Than Two Centuries

By: Donald V. Watkins© Copyrighted and Published on December 27, 2019The Rothschilds have been in control of the world's money supply for more than two centuries. Yet, most Americans have never heard of them.The family's business empire encompasses a diverse range of business interests...

www.donaldwatkins.com

Ahhh the specter of the Rotthschilds

Those damned Jewish bankers huh?

 

[The Irish Ram]

Milton Friedman: It is always and everywhere, a monetary phenomenon. It's always and everywhere, a result of too much money, of a more rapid increase in the quantity of money than an output.

The Federal Reserve Corporation determines the printing of the dollar. Which is why:
“In the last 10 years, the dollar has lost 49% of its purchasing power, as measured in gold."

 

[The Irish Ram]

Ahhh the specter of the Rotthschilds

Those damned Jewish bankers huh?

If the shoe fits...
We'd be in the same mess if the Rothschilds were Irish, or Spanish, or Italian.
Nice try though.

 

[sparky]

Many people are surprised to learn that the central bank of the United States, the Federal Reserve ("the Fed," for short), operates for the most part independently of the federal government. But the Fed is also a quasi-governmental agency with a board of governors selected by the President and approved by Congress.


&&&&&&&&&&&&

Federal Reserve notes are no longer backed by assets such as gold. Instead, Federal Reserve notes are supported solely by the government's declaration that "this note is legal tender for all debts, public and private" in the United States.Jun 28, 2022

~S~

 

[Toddsterpatriot]

The Federal Reserve Corporation determines the printing of the dollar. Which is why:
“In the last 10 years, the dollar has lost 49% of its purchasing power, as measured in gold."

Yes, the Fed, especially since 2008, has printed way too much money.
It's still part of the federal government.

Nobody cares about buying power "as measured in gold".

 

[22lcidw]

Yes, the Fed, especially since 2008, has printed way too much money.
It's still part of the federal government.

Nobody cares about buying power "as measured in gold".

The Federal Reserve is not part of the federal government. It is an independent mostly foreign owned corporation. It orders the treasury department to print what the federal government needs. The politicians affect it massively.

 

[Toddsterpatriot]

The Federal Reserve is not part of the federal government. It is an independent mostly foreign owned corporation. It orders the treasury department to print what the federal government needs. The politicians affect it massively.

The Federal Reserve is not part of the federal government.

It is.

It is an independent mostly foreign owned corporation.

Zero foreign ownership. Owned by the federal government.

It orders the treasury department to print what the federal government needs.

The federal government doesn't use paper money to fund their spending.

 

[22lcidw]

The Federal Reserve is not part of the federal government.

It is.

It is an independent mostly foreign owned corporation.

Zero foreign ownership. Owned by the federal government.

It orders the treasury department to print what the federal government needs.

The federal government doesn't use paper money to fund their spending.

Mostly European ownership. These people are trillionaires. 1913 marked the death of our nation. In that our politicians would lose control of the printing press as to keep their power and give us all the goodies. I do not say I would like the gold and silver backed currency, for I do not know what we would look like as a nation. All I know is a fiat currency is birthed and it ends up dying.

 

[Toddsterpatriot]

Mostly European ownership. These people are trillionaires. 1913 marked the death of our nation. In that our politicians would lose control of the printing press as to keep their power and give us all the goodies. I do not say I would like the gold and silver backed currency, for I do not know what we would look like as a nation. All I know is a fiat currency is birthed and it ends up dying.

Mostly European ownership.

False.

 

[The Irish Ram]

Yes, the Fed, especially since 2008, has printed way too much money.
It's still part of the federal government.

Nobody cares about buying power "as measured in gold".

From the Federal Reserve Bank of St. Louis:
^^^^^
"The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress".

And they determine how much money to print, not us. They are not working in our best interest. And the worth of the dollar is proof of that.

As for the impact of gold:
Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.
When central banks purchase gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, thereby creating an excess supply of fiat currency.

How Gold Affects Currencies

Learn about the strong correlation between gold's value and the strength of currencies trading on foreign exchanges.

www.investopedia.com

 

[Toddsterpatriot]

From the Federal Reserve Bank of St. Louis:
^^^^^
"The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress".

And they determine how much money to print, not us. They are not working in our best interest. And the worth of the dollar is proof of that.

As for the impact of gold:
Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.
When central banks purchase gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, thereby creating an excess supply of fiat currency.

How Gold Affects Currencies

Learn about the strong correlation between gold's value and the strength of currencies trading on foreign exchanges.

www.investopedia.com

Now for the rest from the Federal Reserve Bank of St. Louis:

Their purpose is to serve the public. So is the Fed private or public?

The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans.

Gold has a profound impact on the value of world currencies.

Nobody cares about buying power "as measured in gold".

 

[sparky]

From the Federal Reserve Bank of St. Louis:
^^^^^
"The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress".

And they determine how much money to print, not us. They are not working in our best interest. And the worth of the dollar is proof of that.

As for the impact of gold:
Gold has a profound impact on the value of world currencies. Even though the gold standard has been abandoned, gold as a commodity can act as a substitute for fiat currencies and be used as an effective hedge against inflation. There is no doubt that gold will continue to play an integral role in the foreign exchange markets. Therefore, it is an important metal to follow and analyze for its unique ability to represent the health of both local and international economies.
When central banks purchase gold, it affects the supply and demand of the domestic currency and may result in inflation. This is largely due to the fact that banks rely on printing more money to buy gold, thereby creating an excess supply of fiat currency.

How Gold Affects Currencies

Learn about the strong correlation between gold's value and the strength of currencies trading on foreign exchanges.

www.investopedia.com

FDR manipulated it, Nixon as well Ram.

And few if any have been witness to any 'gold' @ Ft Knox since

in the simplest of concepts, any 'fiat' not having an earthy connection of valuation can only exist on trust among trading partners

the US $$ has relied on the petro$$ now for quite some time. this is the underlying reason for much of our M.E. affairs.

this is why the BRICS are a threat, our dominance in the world bank is sketchy at best juxtaposed to them, especially in that we are devaluing the US$$$ in debt we can not sell

and this isn't their first rodeo, Asian consortiums have applied for SDR (special drawing rights) in the past to the very same ends

To assume debt w/out tangible mitigation resource(s) to the extent we have is a no brainer , and they know it!

~S~

 

[The Irish Ram]

Now for the rest from the Federal Reserve Bank of St. Louis:

Their purpose is to serve the public. So is the Fed private or public?

The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans.

Gold has a profound impact on the value of world currencies.

Nobody cares about buying power "as measured in gold".

lol. They're there to serve us. That's why our dollar is doing so well.

The Federal Reserve banks are private corporations. They allow us to borrow exorbitant amounts of money at exorbitant interest rates from European banks and then buy up our IOU's.
They serve themselves. They print dollars to buy gold. They end up with the gold while we end up with depreciated money.

From the Federal Reserve Bank in St. Louis:
How can it be dangerous? If the government prints too much money, people who sell things for money raise the prices for their goods, services and labor. This lowers the purchasing power and value of the money being printed. In fact, if the government prints too much money, the money becomes worthless.

 

[Independentthinker]

The Federal Reserve is neither federal or a reserve. They are a Corporation of wealthy bankers and stakeholders that have control of our Treasury. The Rothschild's determine our financial health.

Another problem is we are in this pickle because of dem policies so we shouldn't need the federal reserve trying to fix an economy that is only broken because of those dem policies. The solution is to reverse dem policies, not expect the fed to save us. They fed wouldn't need to save us if the dems hadn't screwed up the economy in the first place.

 

[buttercup]

Everyone should read the book The Creature From Jekyll Island by G. Edward Griffin.

It will make your blood boil. And I didn't even finish it (it's like 600 pages) because I was borrowing it, I want to read it again.

 

[The Irish Ram]

FDR manipulated it, Nixon as well Ram.

And few if any have been witness to any 'gold' @ Ft Knox since

in the simplest of concepts, any 'fiat' not having an earthy connection of valuation can only exist on trust among trading partners

the US $$ has relied on the petro$$ now for quite some time. this is the underlying reason for much of our M.E. affairs.

this is why the BRICS are a threat, our dominance in the world bank is sketchy at best juxtaposed to them, especially in that we are devaluing the US$$$ in debt we can not sell

and this isn't their first rodeo, Asian consortiums have applied for SDR (special drawing rights) in the past to the very same ends

To assume debt w/out tangible mitigation resource(s) to the extent we have is a no brainer , and they know it!

~S~

Nixon stopped us from being able to covert dollars to gold. That hurt. Exploding amount of debt started with Obama to fund Obamacare. The only thing keeping the dollar relevant now is the oil prices being set by the dollar. That is being challenged overseas. We used to be the world's bank. Now we are a debtor nation. Trillions just rolls off the tongue of our government now.

• To pay back one million dollars, at a rate of one dollar per second, would take you 11.5 days.
• To pay back one billion dollars, at a rate of one dollar per second, would take you 32 years.
• To pay back one trillion dollars, at a rate of one dollar per second, would take you 31,688 years.

 

[Toddsterpatriot]

lol. They're there to serve us. That's why our dollar is doing so well.

The Federal Reserve banks are private corporations. They allow us to borrow exorbitant amounts of money at exorbitant interest rates from European banks and then buy up our IOU's.
They serve themselves. They print dollars to buy gold. They end up with the gold while we end up with depreciated money.

From the Federal Reserve Bank in St. Louis:
How can it be dangerous? If the government prints too much money, people who sell things for money raise the prices for their goods, services and labor. This lowers the purchasing power and value of the money being printed. In fact, if the government prints too much money, the money becomes worthless.

The Federal Reserve banks are private corporations.

Sounds awful!
What do they do with their profits?

They allow us to borrow exorbitant amounts of money at exorbitant interest rates from European banks

WTF? Who borrows from European banks? Why? Why are the rates exorbitant?
What does the Fed have to do with your confusing idiocy?

They print dollars to buy gold.

Why would they do that?

In fact, if the government prints too much money, the money becomes worthless.

Obviously. Thanks for admitting your error.

 

[Toddsterpatriot]

Everyone should read the book The Creature From Jekyll Island by G. Edward Griffin.

It will make your blood boil. And I didn't even finish it (it's like 600 pages) because I was borrowing it, I want to read it again.

It will make your blood boil.

It made my blood boil. All the stupid errors. It was moronic.

 

[sparky]

The Federal Reserve banks are private corporations. They allow us to borrow exorbitant amounts of money at exorbitant interest rates from European banks and then buy up our IOU's.
They serve themselves. They print dollars to buy gold. They end up with the gold while we end up with depreciated money.

yes Ram, they literally do what Madoff was jailed for....one might say he who has the gold makes the rules here, save for the fact that nobody has seen any @ Ft Knox for quite some time

~S~

 

[sparky]

Nixon stopped us from being able to covert dollars to gold. That hurt.

and FDR outlawed owning it

the fed reserve rising gold from $25 to $35 a oz shortly afterwards (guess who's back pocket that went to!)

enter the Hunt bro's in the 80's who's billions in silver assumed significant valuation to the point the fed suspended trade with it

they really don't care for competition.....

~S~