Greenville, South Carolina
"I'm confused. Do you know what the Fed is? The idea is simple, the practice hard."
Ok, yes Brad, I know what the Fed is. I'm not a moron. Why would I bring it up if I didn't know what it was? Come on.
Yes the idea may be "simple" as you put it, but the execution of it is far more complex than you're letting on. It's been said many times that the Federal Reserve System is shrouded in excessive secrecy. Their meetings are behind closed door and the records of those meetings aren't released until years later. It is such unneeded secrecy and opacity that even policy analysts don't know what the hell the Fed is doing. Do you know that the Federal Reserve prints about 160 billion dollars a day? And each note, whether it is a 1 dollar bill or a 100 dollar bill, costs a mere four cents to print?
"The Fed regulates the amount of money going through the American economy. In an economic downturn it makes money 'cheaper' (by lowering interest rates). In an economic boom it makes money 'dear' in order to control inflation... there will always be someone who says that they are being too 'conservative' or too 'liberal'..."
I really think you're simplifying it, Brad. Do you really think that's how it goes down? I don't. From what I've read, the corruption in the Fed is astonishing and is slowly crippling the United States. Here's a little snippet from a very informative, underground documentary I got my hands on:
"The culprit is not democrat or republican. It is obligatory… the rule of many by a few. America was founded for the purpose of overcoming oligarchy and plutocracy. John Adams, in a letter to Thomas Jefferson in 1787, wrote: ‘All the perplexities, confusion and distress in America arise not from defects in the Constitution, nor from want of honor or virtue, as much as downright ignorance of the nature of the coin, credit and circulation.’ It’s all about the money. Is it bona fide or debt based? The difference is subtle but it means the difference between an honest economy and a rigged economy. The problem is centralized banking. A privately owned cartel of bankers who control America’s currency.
Many culprits can be named, but they all have one thing in common, they are working within a corrupt monetary system. If we don’t undo the damage of the 1913 Federal Reserve Act, we will continue to suffer wars and social decay as plutocracy reigns supreme. Jefferson said, ‘I believe banking institutions are more dangerous to our liberties than standing armies.’ The issuing powers should be taken from the banks and restored to the people.
Jefferson wasn’t a conspiracy nut. He, like Madison, Jackson, Lincoln and others understood the motives behind centralized banking. In 1776, it was the private central bank of England that was usurping the wealth of the colonies. To avoid this usury in the new nation, the constitution mandated that Congress, not banks, will control the nation’s money.
In 1913, Congress abdicated that responsibility to a cartel of private bankers that call themselves the Federal Reserve.
Here is the problem in a nutshell, The Fed abolished our honest, bona fide, stand alone money-money whose value was based on society’s production of goods and services. It replaced this honest money with Federal Reserve notes which they claim title to. They loan them to us. They represent debt created out of thin air.
All money in circulation is from the creation of debt. Created out of thin air in copious amounts, but secured by our labor and possessions as collateral.
Who fares better? The person who has to work for money in order to buy goods and services, plus pay for the cost of the money? Or the person who prints the money out of thin air, collects interest on its use, controls the economy with its supply and can foreclose on the tangible goods?"
Head Cheese & Chicken Feet