Abolish the FED

[EL34]

You can find lots of people these days saying we should abolish the FED

If you are wondering what the heck they are talking about, they are not talking about the federal government

The FED-Federal Reserve is a private institution that came bout in 1913 and has been the road to our ruin, IMO and many others
It was dreamed up at a secret meeting in 1910 by a group of very wealthy finaciers on Jekyll Island off the coast of Georgia

This is one of my favorite videos about the FED and in it the first 3 reasons listed below are covered in detail
To understand this is detail watch the video below

1) The Fed is incapable of accomplishing it's stated objectives
2) The Fed is a cartel operating against the public interest
3) It is the supreme instrument of usury
4) It generates our most unfair tax
5) It encourages war
6) It destabilizes the economy
7) It is an instrument of totalitarianism

This video is very interesting and factual

http://www.youtube.com/watch?feature=player_embedded&v=04MPZgyhG5s#!

[EL34]

I finished the rest of this video and I must say, this is one heck of an eye opener.

It starts off a little slow, but gets into the meat of the the story eventually.

I think Oliver Stone or some other director could make a heck of of film on this story.

Warning: No politics in this video.
This gets into how the bankers now control the whole worlds financial system, which then controls the levsl below, like politicians.

[EL34]

Here's a good article on the FED


The Federal Reserve Is Not Going To Save Us From The Great Depression That Is Coming

[EL34]

A great interview with Lew Rockwell
It's worth a watch

Lew Rockwell Pins the Tail on Ben Bernanke and the Rest of Washington's Donkeys!

[J Rindt]

Central Banks have never existed for the benefit of the majority. We just, kind of, get swept along with their functioning.
Thanks for posting that video BTW.

[EL34]

Thanks,
Finally someone who gets it. 

[Direwolf]

I couldn't agree more.

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." - Thomas Jefferson

Of all the founding fathers, I think Jefferson was the most brilliant. There is very little he said or wrote that I disagree with.

[EL34]

The really sad part is that congress voted and allowed the FED to control our money supply in 1913 when the FED was created.

And now what we have is a private corporation of super rich bankers, a cartel, conductiong what is basically a ponzi scheme.

The american sheeple are asleep as usual and don't understand the big picture.

The FED prints money, loans it to the US treasury, and we have to pay interest on that loan to a private corporation.
And to top it off, the money we borrowed and have to pay back is created out of thin air with a printing press.

Does that frickin make any sense?

[Direwolf]

Yep. Under Woodrow Wilson. An evil, insidious man. Take a look at some of the things he did. A very early progressive. He thought that the elites should run the "unwashed masses" lives as the common man was too stupid to. He also believed in eugenics. Just plain evil.

[J Rindt]

Yep. Under Woodrow Wilson. An evil, insidious man. Take a look at some of the things he did. A very early progressive. He thought that the elites should run the "unwashed masses" lives as the common man was too stupid to. He also believed in eugenics. Just plain evil.

Funny how guys like that always consider themselves to be at the TOP of the evolutionary chain, and really need no "improving".

[duke of earl]

Check out the book "The Committee of 300" 4th Edition by Dr. John Coleman. The best history book I have ever read!

[Backwoods Joe]

We had a President that wanted to get rid of the FED...... JFK..... look what happened to him!

[J Rindt]

We had a President that wanted to get rid of the FED...... JFK..... look what happened to him!

...and it would seem, really start to scale back our military presence in Viet Nam. His plan was on paper. The FIRST thing LBJ did on the plane back from Dallas was to ignore THAT plan.
But anyway The Fed is just the tip of the iceberg.
We need to get rid of all that stuff. The Chamber Of Commerce is worse than the fed IMO.
At any rate, what we are really talking about is a social revolution. A General Strike.  An Arab Spring in the USA.
But look at what happened to all the CIVIL protests of Occupy Wall Street.
Beatings and FBI working overtime on poisoning the lives of USA citizens who were exercising the rights that "law enforcement" is sworn to protect.
Yeah Right.
best

[duke of earl]

Backwoods Joe has it right. Many people believe that JFK was killed by LBJ. Truth is the Illuminati took him down. The CIA had the Military protection stand down on the day He was assassinated. These people control the Fed and much more..they control us and we are helpless against them.

[loogie]

I had almost forgotton about the John Birch Society. 

"Ah, naah. We're ok here. Mandrake, do you realize that in addition to fluoridated water, why, there are studies underway to fluoridate salt, flour, fruit juices, soup, sugar, milk, ice cream? Ice cream, Mandrake. Children's ice cream? "

I'm not a good enough at economics to understand how the FED is ruining our lives, but certainly there has to be a better source for FED criticism.  I know, I've read some of them. 

Milton Friedman would have abolished the FED, and he blamed them for the Great Depression for not doing enough.  Sheesh.

But Birchers.  Seriously?

[loogie]

While I remain agnostic about the FED (although I'm certain they didn't cause our current crisis, in fact arguments can be made to the contrary) I do know one thing:  they generate loads of very useful economic data for public consumption.  I also know that if you're going to have a FED at all it must be independent.  Think about our dysfunctional government involved with monetary policy?  Oh sure, that would work. 

Of course there are always the howls of 100% unregulated, free financial markets.  I'm one who believes the repeal of Glass-Steagall had something to do with the 2008 crisis.  We can thank Slick Willie for that.