The Federal Reserve is not our friend

[JWBooth]

He left out the Titanic too.

There's a conspiracy that JP Morgan and Astor were going to try to talk about the creation of the Fed but at the last moment Morgan decided not to take the trip on the Titanic. Astor and a few others against the creation of the Fed were killed

I've seen the meme, let me see if I can find it.

 

[g5000]

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.

Those damned Jews! Sieg Heil!

What...you want Marjorie Taylor Greene's hands on the monetary printing press, do ya, genius?

 

[g5000]

I've seen the meme, let me see if I can find it.

Oh, goody. A meme.

Like I always say. Trumptards have been dumbed down to the intellectual bandwidth of a bumper sticker.

 

[g5000]

The tard in that video thinks the average American is who buys US government bonds and therefore can direct policy.

Oh. My. God.

You tards are actually so stupid as to bleev that?

 

[g5000]

Nah, they're a central bank owned by the federal government.

Nope.

It's amazing how many people get that wrong.

 

[g5000]

It was created when Congress was in recess for the Christmas holiday.

Horseshit. Total horseshit.

Congress approved the Federal Reserve Act and President Woodrow Wilson signed it.

This is one of the dumber conspiracy lies about the Fed.

 

[pknopp]

Nope.

It's amazing how many people get that wrong.

It's quasi at best. The FRB are government employees.

 

[g5000]

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.

Those dirty JOOS!

Wow. You really drank the bongwater, eh Fraulein?

Sieg Heil!

 

[g5000]

It was created when Congress was in recess for the Christmas holiday.

How many votes for and against?

These fools spent less time reading conspiracy tracts and read some actual history, they would recognize these bullshit lies for what they are.

To answer your question, Google is your friend:

In 1913, Representative Carter Glass (D) and Senator Robert Latham Owen (D) proposed similar, separate bills in their chambers providing for the creation of a national banking system. The proposed bills passed in their respective chambers on September 18, 1913. A joint committee reported a reconciled bill on December 22, 1913. The United States House of Representatives approved to this bill in a vote of 298-60 on December 22, 1913. The United States Senate followed suit in a vote of 43-25 on December 23, 1913. President Woodrow Wilson (D) signed the bill into law on December 23, 1913.

Federal Reserve Act

Ballotpedia: The Encyclopedia of American Politics

ballotpedia.org

You're welcome.

 

[g5000]

Congress basically wrote off its power over the currency. Always believed there was constitutional question about the Federal reserve.

Well, it's been over a hundred years and the Supreme Court is obviously okay with it.

 

[g5000]

Where are the words "FEDERAL RESERVE" in our Constitution?

Where are the words "Department of Fatherland Homeland Security" in our Constitution?

Article I Section 8 grants Congress the power to regulate the value of money.

With the Federal Reserve Act, Congress delegated that power to a board of people a lot smarter than they are.

I was not joking when I asked earlier if you people are stupid enough to bleev it would be better for Marjorie Taylor Greene to have her hands on the monetary printing press.

You know what kind of hyperinflation we would have?

Every time I hear people whining about the Fed, and I'm not a big fan myself, the same thought comes to me every time.

"The perfect is the enemy of the good."


Does the Fed fuck up once in a while?

Yep. In fact, I blame them the most for the recent inflation.


However, would we be better off with the monkey show that is the House of Representatives running our monetary policy?

OH FUCK NO!

The end.

 

[Toddsterpatriot]

Nope.

It's amazing how many people get that wrong.

Who owns it?

 

[Toddsterpatriot]

These fools spent less time reading conspiracy tracts and read some actual history, they would recognize these bullshit lies for what they are.

To answer your question, Google is your friend:

In 1913, Representative Carter Glass (D) and Senator Robert Latham Owen (D) proposed similar, separate bills in their chambers providing for the creation of a national banking system. The proposed bills passed in their respective chambers on September 18, 1913. A joint committee reported a reconciled bill on December 22, 1913. The United States House of Representatives approved to this bill in a vote of 298-60 on December 22, 1913. The United States Senate followed suit in a vote of 43-25 on December 23, 1913. President Woodrow Wilson (D) signed the bill into law on December 23, 1913.

Federal Reserve Act

Ballotpedia: The Encyclopedia of American Politics

ballotpedia.org

You're welcome.

It's no fun unless the silly people find and admit to the actual numbers.

 

[g5000]

It's no fun unless the silly people find and admit to the actual numbers.

Conspiracy theorists never ever look at any facts which conflict with their delusions.

 

[Toddsterpatriot]

Conspiracy theorists never ever look at any facts which conflict with their delusions.

Right.
You were wrong when you disagreed that the Fed is owned by the government.

 

[g5000]

Right.
You were wrong when you disagreed that the Fed is owned by the government.

Who owns the Federal Reserve?

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

Who owns the Federal Reserve?

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[The Irish Ram]

Those damned Jews! Sieg Heil!

What...you want Marjorie Taylor Greene's hands on the monetary printing press, do ya, genius?

I don't give a shit about who it is. I want the Central Bank the hell out of our government. And the dollar back on the gold standard.

 

[g5000]

I don't give a shit about who it is. I want the Central Bank the hell out of our government. And the dollar back on the gold standard.

Of course you do. You want to see our economy completely wrecked.

Of course you do.

Guess which economies recovered from the Great Depression the fastest.

Guess which economies didn't even suffer during the Great Depression.

Jesus, this idiotic gold bug bullshit just won't die.

 

[The Irish Ram]

How ignorant. I live in this economy. My children live in this economy. I want it to soar. And yes, I would rather have a piece of gold, than a piece of paper covered in ink.

 

[Toddsterpatriot]

Who owns the Federal Reserve?

The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.

Who owns the Federal Reserve?

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Of course it's owned by the government. They created it.
They appoint the leader, and they get all the profits (back when they made profits).
They tell it what it can and can't do.
And they could eliminate it tomorrow.