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doggypound1 (December 31, 1969 at 11:59 pm)
Listen pal, Im not trying to prove anything to you, and I didn't ask you to prove anything to me.If you truly believe what you say, then so be it.I could care less.Your ego is forcing you to prove me wrong no matter what.I just have an opinion based on my knowledge, like you. No right, No wrong.I think you truly belive that the "system" is run by honest people, and all transactions are done in a fully disclosed and open matter.
JasonSUQ (December 31, 1969 at 11:59 pm)
Nope, you're wrong again. Any interest earned by the FED from buying US treasury bills is returned to the treasury at the end of each year. It is privately "administered" but it's members of the board, and hence, monetary policy of the nation are determined by the congress, not private banks. The US government does not pay one dime to the FED for it to implement monetary policy. This movie is misleading you due to your lack of formal education in this area.
JasonSUQ (December 31, 1969 at 11:59 pm)
They do not control how much currency is in the system. That is determined within the private banking system. It is "influenced" by the FED. But, ultimately, the growth in money is not driven by the FED. They can "influence" inflation within reason. However, their policy for a very long time is "low and predictable inflation", a very good policy. I will stop trying to make seem people seem incompetent when they stop making absurd statements that are inconsistent with the facts.
doggypound1 (December 31, 1969 at 11:59 pm)
And because they control how much currency is in the system, the can control inflation rates and devalue the currency whenever they deem fit.They have done it in the past many times, and are doing it right now.You are entitled to your own beliefs, but just don't try to make people like me seem incompetent.
doggypound1 (December 31, 1969 at 11:59 pm)
The fact is, the Fed is a private company, and its product is currency.(Monetary bank notes). Its one and only consumer(American Government) is forced to buy the Feds product at a deficit(every dollar bill was puchased for more than its worth).This is were the intrest comes from.The intrest on the American dollar can, in fact, never be paid off, because thier isn't enough currency in the system to pay for the intrest.The Fed makes a product(money) and they can control how much they sell.Cont
JasonSUQ (December 31, 1969 at 11:59 pm)
OK, fair enough. So tell me, what evidence (in detail) do you have, that somehow, the federal reserve forces the government to run a deficit, and, then borrows that difference from a central bank, at interest? When I say evidence, I don't mean a) a link to a Zeitgeist clip that simply makes that statement or b) a statement along the lines of "just look around you, it has to be true". If you guys want to be taken seriously, you need to connect the dots between the generalities and details.
JasonSUQ (December 31, 1969 at 11:59 pm)
No. You see this is exactly what I'm talking about. This is a perfect example of you guys saying you know the facts, but you clearly don't. How in the world can you say the bulk of the Federal Government's activity is funded by the FED? That is totally false. The bulk of their activity (about 97% of it) is funded by tax revenue. The rest, currently, around 3%, is deficit financed. The government borrows that 3% (or whatever) by borrowing from financial markets (banks, pension funds, etc..)
ClearFire1 (December 31, 1969 at 11:59 pm)
Zeitgeist just rips their info on the Fed from the book Creature on Jekyll Island by E. Griffin, read that book if you want a better understanding.
ClearFire1 (December 31, 1969 at 11:59 pm)
Zeitgest fails to mention how the government benefits from the Federal Reserve setup. And no, by government I mean the ruling politicians in power, not the people. The bulk of the Federal Government's activity is funded by the Fed at our expense, politicians promise their new pet programs and at the same time promise not to raise taxes - yet you will pick up the bill all the same with a decrease in your purchasing power.
doggypound1 (December 31, 1969 at 11:59 pm)
I don't let my ego interupt the facts,unlike you, which causes you to refute any proof or evidence that doesn't support your own belief system.Just take a look around at the world pal, If you don`t see it, your in deep denial. |
