This ought to piss Zippy off to no end! Expect him to try to redirect or discredit any conflicting data to his agenda. For this thread, just ignore him and lets stay on topic!
Last edited by DamianTV; 04-08-2018 at 05:55 PM.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
Originally Posted by Zippyjuan
Over an hour? Is there a summary? Or at least where the discussion of who owns the Fed actually starts?
Just a few minutes in and there are far too many errors to discuss.
"All currencies besides America's is backed by gold." Currently NO currency is backed by gold. Including the US dollar.
"ALL money in existence is created by the Federal Reserve". Then a couple minutes later, "Contrary to popular belief, none of the money in existence is created by the Federal Reserve. Instead it is created by the banks".
"All the money people pay in income taxes goes only to paying the interest on the debt".
In 2017, income tax revenues to the government were $1.688 trillion. Interest on the debt? About $250 billion.
"9/11 was in inside job".
"The Rothschilds have cornered the world's gold supply".
Last edited by Zippyjuan; 04-08-2018 at 07:26 PM.
https://www.federalreserve.gov/faqs/about_14986.htm
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone. Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest.
The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. This central banking "system" has three important features: (1) a central governing board--the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.
The Board of Governors in Washington, D.C., is an agency of the federal government. The Board--appointed by the President and confirmed by the Senate--provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. In addition, though the Congress sets the goals for monetary policy, decisions of the Board--and the Fed's monetary policy-setting body, the Federal Open Market Committe--about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.
Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.
Somebody please -REP Zippy for consistently and purposefully trying to manufacture conflict and find real meaningful solutions! A flat out Ban might work also, if he is really violating any rules here.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
Covered.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Trying to manufacture conflict?
This ought to piss Zippy off to no end!Following you own advice. Good. So what exactly was the topic?just ignore him and lets stay on topic!
Last edited by Zippyjuan; 04-08-2018 at 08:21 PM.
Haven't watched, but if that was said, they are making the common mistake in confusing money with currency.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
See 6:50.
If they add "hundreds of billions" to the economy every month, the money supply should be increasing by $trillions every year ($100 billion a month would be $1.2 trillion a year)."So let me make this clear. ALL currencies besides Americas is backed up by GOLD. Our currency is fake because it is TYPED into existence by the Federal Reserve. They pump hundreds of BILLIONS of dollars of fake money into the economy every month...."
The next slide can't even spell right.
Should be "their". When in history did EVERYBODY lose their homes to the banks?"This leads to a bubble that HAS to burst and EVERYONE loses there homes to the banks.
Also they use the interest on this typed up and IMAGINARY AND FAKE money to buy real assets, your're business, real estate, etc."
Also should be "your" not "you're" which means "you are".
Last edited by Zippyjuan; 04-08-2018 at 08:15 PM.
Have it playing right now, so far pretty accurate. But it is a conglomeration of different films.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
I'm listening also. The Treasury bills/bonds/issues are literally the securitization of the people born or naturalized. Imagine a mortgage backed security but instead of mortgages being bundled, it's PEOPLE being bundled, with the buyer/holder expecting future payment from tax revenues, instead of from mortgage payments. That is all that Treasuries are. Promises to force the slaves to pay taxes to the bondholders.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
There is no stock in "the Fed".
The Fed consists of "agency-like" entities, like the Board of Governors, which members are federally appointed, and who take federal oaths of office.
The Fed also consists of twelve regional banks, which are wholesale banks. They do not make monetary policy. They're banks.
The stock is in the banks. When a member bank buys stock in the Richmond Fed, it's ONLY stock in the regional bank in Richmond.
It gives that bank no say over monetary policy.
Do stockholders get any profits? No. Like preferred stockholders, they get a guaranteed 6% dividend on paid-in capital. In other words, no matter how much "profit" the regional bank makes, they get the same 6% of their paid- in capital as a dividend.
Banks are also subject to assessments, or cash calls.
Banks cannot trade their stock. They can only sell it back to the regional bank at the same price they bought it.
Banks cannot buy more or less stock. The Fed tells them, based on their size, how much capital they must pay in to be Fed member banks. No matter how much they are assessed, they have one vote. One share, one vote. Your local bank, if a Fed member, has exactly the same number of votes as Citibank - one.
All profits made by regional banks (less operating costs and the 6% dividend) are surrendered to the Board of Governors, who surrenders them to Treasury (the Fed's books are available on their website).
But doesn't the Fed print money and charge is interest on it?
No.
The Fed prints no money. Currency is printed by the Treasury, who "loans" it to the Board of governors (those profits turned over to Treasury are nominally interest on all Federal Reserve Notes on circulation).
The BoG then sells the notes to the regional banks, who sell them to your bank - for one dollar each.
"Printing money" really isn't monetary policy. Currency is just distributed to respond to your demand at the ATM machine.
"But aren't Fed employees and expenses not paid by the Federal government"?
Sure they are. Federal monetary operations make money. Every year, the Fed turns its profits over to Congress. That's the governments money. The Fed's expenses and payroll are paid with money that would be paid to Congress - in other words, they come out of government's pockets.
Also, nobody disputes that the Postal Service is federally owned, and its expenses are paid exactly the same way.
So is the Fed privately owned?
No.
Not even a little bit. It does function as a "private entity" in very limited circumstances. If a truck owned by a regional bank hits you, you have no case against the government -
Just against the regional bank.
But there are no - count 'en, zero - private owners of the Fed.
Remember, being independent within the government is not the same as being independent of the government.
[Edit] - This is taken from a lot of sources, unfortunately while I was collecting this info I didn’t maintain a good list of sources.
If you have any question or you’re interested in a serious conversation about anything I’ve claimed, please let me know and we’ll try to locate a source.
Respectfully
E4E1
Last edited by econ4every1; 04-09-2018 at 11:49 AM.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
<span style="color: rgb(17, 17, 17); font-family: Roboto, Arial, sans-serif; font-size: 14px; white-space: pre-wrap;">
Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went... and Inspector General Elizabeth Coleman hasn't a clue...Dunno whether to laugh or cry - I am still getting over the shock and have watched 4 times - LISTEN carefully to what she says - THEY HAVE NO JURISTRICTION to investigate the fed!!! Only their programs?? OK...
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Wow, it's every Zippy talking point bundled into a single post. Good job, new guy! Here's your $3.50.
-------------------------------------
Speaking of Treasuries, reports that China has officially stopped buying Treasuries. Hmm...I wonder who will have to pick up the slack?
https://www.zerohedge.com/news/2018-...treasuries-sgh
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Do you find dismissing others an effective form of debate? Does that work here on the RP forums?
Anonypusses are a joke.
In order to end the fed, you have to have some private option to replace it.
Hmmm, who on this forum has a prototype for such a thing?
Oh, that's right, only me. I forgot.
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
or finding meaningful solutions?
No need for debate since most of us here know how much bs your post is loaded with. Zippyjuan already occupies the position of resdent RPF Fed apologist and disinfo agent. Your services are not needed.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
The bigger the lie, the more likely that people will believe it.
The only way to hide a lie of that scale in plain sight is to make sure as few people understand it as possible.
Yes, the video... well, it could have been better. It was okay in addressing issues, but, it was all over the place, and, offered now positive solutions. Lets just say that the video I posted was really a mixed bag, some good, some bad.
Now, as far as the Fed. 2 + 2 = 4, but 20 / 5 is also 4. The function does not change the product, despite being the exact opposite. The Fed can be legally defined as "part of the federal govt", function the exact same way, and still enslave a nation. The opposite function could also be true, for purposes of debating function. The Fed "could be privately owned" and the result is the exact same thing, enslaving a nation to the whims of Bankers.
Our Education System is an absolute failure because teachers teach imperfectly the same skills that childrens parents did perfectly. The result is misunderstanding and completely inaccurate concepts. Look at how basic history now teaches that our Founding Fathers were terrorists, all white slave owning racists, and created the United States out of greed. How exactly are these "experts" who teach history supposed to know? Was the US not the most powerful nation on earth? And this "expert" bull$#@!, only those who are fully Indoctrinated and recognized by the State are "allowed" to be "experts", while parents, who are the true experts and answer to no higher power than themselves, are constantly reminded they "can not be experts" because government does not allow "parents to teach their children". Thus, it is a demand of the State to teach all children, with compulsory authority, only the WRONG ways are the accepted idea. How can this be anything BUT flat out Brainwashing?
Do we not think that those same incorrect ideas can apply to Education / Indoctrination in Economics as well? Would it not be a Thought Crime to recognize the Federal Reserve Bank as the most dangerous entity on earth? Would not every available means be used to enable hiding the true purpose of a Bank that controls the issue of a nation's currency? Why was our once great nation still relatively prosperous and free at the turn of the 20th century without a Central Bank, and on its last legs at the turn of the 21st century with a Central Bank? How many good men have died at the hands of people who are "just following orders" in order to receive a paycheck?
True Freedom begins in your own mind. Recognize the chains of your enslavement: Belief, Money, Violence.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
Curious. What is your definition of "slavery"? The video defines it as anybody who has to work to acquire things- food, housing, goods (basically everyone). What would make a person "free"?
Last edited by Zippyjuan; 04-09-2018 at 04:09 PM.
The catch is that no one owns anything. It is merely rented under a use license, called equitable title, and can be taken back at any time. It's why the house can be seized, car can be seized, money can be seized, sheriff can auction "your" stuff, etc. You are allowed possession of things for beneficial use of the real owner. A "happy" slave, with shiny things, is a productive (tax paying) slave.
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
You can't talk varsity level with some here. I learned that long ago.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
Short Income Tax Video
The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Well , Free beer would be when you buy it for me .
Do something Danke
I'll take that as, "wow, there is a lot of information that I can't explain".
I've presented a rational argument to the very real limitations on the argument on "private ownership" of the Fed, I won't discount the mistakes that the Fed has made (QE anyone?). But just as you said, there is more than one way to get a result.
The question is not a binary proposition. There are many ways to do a thing right and there are (usually even more) ways to do it wrong.
My wife is an educator so I have a little insight into this area, but let's look at a nation like Finland that consistently ranks at the top in primary school education. Did you know that rote memorization is not something they focus on in Finland? The idea that you can read a chapter for a week, memorize some facts and recount them at a specific moment in time.
Instead, in Finland, they don't have tests, they instead focus on the understanding of the material rather than just memorization of it.
While I think your claims of how the Founding Fathers is a bit exaggerated. I have two kids, 8th, and 9th grade and neither were taught this, though it wouldn't surprise me if in MA or CA something like that was being taught somewhere, just as it wouldn't surprise me if in AL or WV there were some revisionist history being taught with respect to the Civil War or the Civil Right movement.
History is important and I don't support anyone subverting it for their own political ends.
Philosophically speaking, all teaching is brainwashing as the student's generally teach based on their own cognitive bias.
This is why teaching our kids how to recognize bias and the value of the evidence is crucial to the promotion of freedom. The idea that your ideas are the right ones and mine are the wrong ones is absurd.
I say question everything. What we aren't doing is teaching our children HOW to evaluate the evidence.
Please start a thread on this topic, I would enjoy debating this with you.
I'm not sure how you are defining "greatness" in this context, but I'd argue that despite and perhaps even because of the great wars, the US was great into the 1970's. It was then that the bargaining power of labor was eroded. When the rise of the finance industry grew from just a few percents of GDP to close to a quarter of GDP today). When productivity and profits began to diverge....
Respectfully,
E4E1
I know the conspiracy theory is a lot more fun than what I'm about to say so I don't expect a lot of minds will be changed here....But here goes...
Did the Federal Reserve lose $9 trillion dollars?
No, of course not. Those who lack a background in accounting, finance, or economics apparently are just clueless about the term “off balance sheet transactions.” All that means is a transaction that is not recorded on a “balance sheet,” basically a bookkeeping practice. So $9T in “off balance sheet transactions” does not mean the money actually went missing, it is about how it was reported.
Ok, back to your regularly scheduled program...
Last edited by econ4every1; 04-10-2018 at 11:29 AM.
Paid trolls are not debating. They are not on this site to debate.
Respectfully,
E-I-E-I-O
Last edited by NorthCarolinaLiberty; 04-10-2018 at 01:40 AM.
Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members
I count at least nine violations, with the first one the most egregious.
Community Guidelines and Policies
All users promoting anything they have an interest in must disclose this interest.
Do not disrupt Mission-supporting activism efforts.
Be honest and truthful.
No insulting, antagonizing or personally attacking other users.
No promoting agendas that counter our Mission.
Positive energy should be used with content related to the achievement of our Mission.
Wholesale disrespecting of the site and declarations of leaving are counter to our Mission.
No rude, disruptive or disorderly behavior, including excessive low-value posting.
Being Respectful
http://www.ronpaulforums.com/content.php?1989
Last edited by NorthCarolinaLiberty; 04-10-2018 at 12:18 AM.
Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members
That is interesting, especially coming from you.
Words you have recently misspelled: courier (currier), pursuit (persuit), and truly (truely).
Also, you can't even punctuate. The period goes inside the second quotation mark.
Last edited by NorthCarolinaLiberty; 04-10-2018 at 01:17 AM.
Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members
The education system in question is the one of the United States. Actually, its not even in question. The US educational system is trash, and absolute utter brainwashing.
Philosophically, at teaching can be a from of brainwashing, and it can go both ways. Teach a person to be free, or teach them to be a slave. The US teaches students to be slaves. It is why our graduates are able to compete at the level of Third World Nations. EVERY other industrialized nation on earth has far surpassed us. Including Finland, as you mentioned.
History is important. But money prints books. Why is it that during our Industrial Revolution, our education systems received donations for Rockefeller and JP Morgan and the while mega rich ilk that surpassed govt funding? Would that not have the power to rewrite history and make certain "omissions"? Omissions like the US has had 3 Central Banks. The First National Bank, The Second National Bank, and the Federal Reserve Bank. Where is that taught in US History classes? Are teachers even "allowed" to mention it? It is the things omitted from history that paint the true picture, and its a picture that typically is not pretty.
As far as debating on who owns the Federal Reserve, Im not going to debate you on this. We have all wasted far too much time with Zippy and his crony bosses to even bother debating this. If the issue can be misconstrued, I guarantee he will do so, as will the Federal Reserve itself. The Federal Reserve Bank is the very organization that relies on "covet means", as JFK said, and that entire speech, which I wont bother to type out as Im sure you have heard it.
Heres the problem. The existence of the Federal Reserve Bank is probably the closest core value that Ron Paul himself has efforted against his entire political career. That core principle of why we are here, so no, Im not going to "debate" it. Ron has done more homework than any of us here. Me, you, other senior members, etc. He has the hands on experience. So when I post videos of Ron Paul calling out Bernanke on "is gold money?" we get Zippy quickly coming in here, and many other apologists to the Fed, discrediting Dr. Paul's core values. That causes fights amongst us. I question what Ron Paul has said, entertained that maybe he has made a mistake, but he has been the ONLY politician in my decades on this planet that has EVER confirmed what we already knew. The Fed is a TRAP. A very complex trap hidden in plain sight whose employees barely understand the true nature of their function in the grand scheme of things. They know no more than a parts assembler at a computer shop. The put this part into that part to make some doodad. Their conscious mind is comparmentalized so that they never fully are aware of how everything works together. If they had such knowledge, that company would only be creating its own competition.
Im still trying very hard to give you the benefit of the doubt. I have no intent of changing my perspectives on the Fed. Other points of interest, like education, and why it does work in Finland, may be of use to all of us, so I am interested ot hear what you have to say on that. But, on the topic of the Fed, all any of us here would ever ask is to simply for one second entertain the idea that the Federal Reserve Bank was born of greed and sin, and is the greatest threat to the survival of this planet. Entertain the idea without blindly accepting it, that you have been lied to. Our government is full of humans, humans with human faults, who are just as susceptible to manipulations and lies of the cleverest of liars and thieves. Once they recognize that they have been trapped and have no real power, they give up and sell out, selling us out to the lowest bidder.
Consider the idea that the Fed is one giant LIE whose purposes are malicious and consequences disastrous. If you wont try, then I would suggest staying well out of the Economy forum on this site altogether.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
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