The Longwave Group On Why The Fed Must Be Abolished

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Wed, 12/09/2009 - 14:41 | 158096 faustian bargain
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Wed, 12/09/2009 - 14:47 | 158108 Ruth
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and they wonder if their policies need reviewed?   lol

Wed, 12/09/2009 - 14:50 | 158113 AnonymousMonetarist
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Blame it on Plato.

Wed, 12/09/2009 - 16:33 | 158227 Anonymous
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I blame it on play dough

Wed, 12/09/2009 - 19:02 | 158365 AnonymousMonetarist
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The model as the perfect Form is why we're here Alice, hmmm ...Plato's play dough?

Wed, 12/09/2009 - 14:53 | 158116 JohnKing
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Alternative currency is the only answer, it's legal and does an end run on the monetary fascist regime. We don't need their stinkin paper.

Wed, 12/09/2009 - 15:35 | 158162 VegasBD
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Kennedy tried.

Wed, 12/09/2009 - 15:58 | 158182 WaterWings
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I think the only reason Dr. Paul is still with us is because the media does a great job of making this honest man look like a looney. And that's if you're into politics. Otherwise you've 'never heard of him', so he must not be important - even though he has the spirit of Jefferson.

Wed, 12/09/2009 - 20:29 | 158426 Anonymous
Anonymous's picture

Lincoln succeeded ... and was also killed.

Garfield argued against the banks and Jackson successfully got rid of the European owned US central bank avoiding several assassination attempts.

Powderful people who oppose the bank end up dead.

Wed, 12/09/2009 - 16:25 | 158219 Anonymous
Anonymous's picture

And it's actually illegal. So good luck with that.

Wed, 12/09/2009 - 14:58 | 158125 aint no fortuna...
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"The greatest trick the Devil ever pulled was convincing the world he didn't exist."

from The Usual Suspects

Wed, 12/09/2009 - 18:04 | 158304 Daedal
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I thought that was from Devil's Advocate.

Wed, 12/09/2009 - 15:04 | 158131 OutLookingIn
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I hear pitchforks rattling!

Wed, 12/09/2009 - 15:16 | 158142 Gordon_Gekko
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The real question is who is in charge of those big American and European banks? The rabbit hole indeed goes deep...

Wed, 12/09/2009 - 15:21 | 158148 faustian bargain
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Just hazarding a guess that it's the same families who owned them in 1913.

Wed, 12/09/2009 - 15:47 | 158170 Anonymous
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not really a guess we have much more recent data than that.

as recently as 1967 James Stillman Rockefeller was president of Citi while his cousin David was Chairman of Chase (now JPMC).

now of course, those fine gentlemen must have been the two most qualified candidates, since the family had long since given away all of its money, and therefore could not have been in a position to influence the boards of those massive corporations...

and everybody remembers US Vice President Nelson Aldrich Rockefeller. named for the Senator who sponsored the original Fed legislation (but not the final), who married his son to Abby Rockefeller.

Wed, 12/09/2009 - 19:29 | 158387 Ripped Chunk
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What is Nelson remembered for again??

Wed, 12/09/2009 - 16:21 | 158213 Steak
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An organization can be corrupt and destructive without having strings being pulled by some nondescript upper echelon.  1000 Goldman bankers acting on their own greed and self interest are probably more destructive than the same number trying to act in unison under the orders of some aristocratic patriarch.

Wed, 12/09/2009 - 16:51 | 158244 JohnKing
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Their compensation plan rewards psychopathic behavior. The more pain you cause, the more you make.


Wed, 12/09/2009 - 16:53 | 158246 Miles Kendig
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Steak, I would say far more destructive.  Hence the reason I keep harping on one of my pet themes that questions IF those that created and loosed this structure have the capacity or will to reign it in knowing that their efforts may end in failure.

Thu, 12/10/2009 - 09:39 | 158802 blindfaith
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Your 401K is !!!!!  we are like virsus who feed on the patient until dead.  The same 401K that sent your job to China so your 'paid to play' manager could look good when he sends you your report on how 'well' your 401K is doing!  You don't need to understand the business, you ARE the business.

Wed, 12/09/2009 - 15:20 | 158145 Gordon_Gekko
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Good post. We need to see more such posts on ZH.

Wed, 12/09/2009 - 16:51 | 158243 Miles Kendig
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And we can further discuss the issues of a gold based currency vs a colonial scrip patterned system of exchange.

Wed, 12/09/2009 - 15:38 | 158163 Anonymous
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Who's the Longwave Group?

Wed, 12/09/2009 - 23:41 | 158603 aaronvelasquez
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Longwave is some guy living in his mother's basement who just finished "The Creature From Jekyll Island."

Thu, 12/10/2009 - 10:01 | 158823 mojine
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... and a cut and paste master!

Wed, 12/09/2009 - 16:41 | 158233 Anonymous
Anonymous's picture

50 bps for $4.2 on $1000?

Does not seem right, shoud be 4.2% (42mm/1b)

50 bps * dur (~8) = 4%

Wed, 12/09/2009 - 16:41 | 158234 Grifter
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Meanwhile our elected representatives tackle the tough issues and vote on eliminating the BCS:


Wed, 12/09/2009 - 21:29 | 158472 Rusty_Shackleford
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Yeah, but where would this great nation be if we didn't know which professional baseball players were using steroids?


Wed, 12/09/2009 - 16:44 | 158236 Gwynplaine (not verified)
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I think it is a cunning political trick to tie future inflation to Ron Paul's reform efforts.   We know that auditing the Fed will not produce future inflation, but if the Fed's lobbyists can make that lie stick, there may not be any reform in our lifetimes.  When the devaluation becomes obvious, the leaders of our country can say it's Ron Paul's fault.

Wed, 12/09/2009 - 17:05 | 158253 SilverIsKing
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Haven't you heard?  CO2 emissions causes inflation and if we don't pass the heathcare bill, the big banks will fail.

Wed, 12/09/2009 - 17:21 | 158274 bilbert
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I'm not sure that is correct - If I remember correctly, we need to pass the healthcare bill to reduce global warming.............

Wed, 12/09/2009 - 17:39 | 158286 SilverIsKing
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I stand corrected.  Thank you.

Thu, 12/10/2009 - 02:02 | 158674 geopol
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No, It was the spread of H1N1,

Wed, 12/09/2009 - 17:08 | 158257 Anonymous
Anonymous's picture

This will not be paid for or settled until there are casualties in the street. Many of them.

Financial shananigans are always paid for in blood ultimately, and have been for centuries.

Take my advice and jump now, fuckers!

Wed, 12/09/2009 - 17:24 | 158268 anynonmous
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And I always thought the Rockerfeller-Rothchild connection was the stuff of conspiracy clubs, you know black helicopters, Bilderbergers etc.; the kind of clubs where tinfoil hats adorn the members and they discuss how to store a year's worth of food. But then I read the article above and come across some current mainstream news items which advocate a type of eugenics and global government and talk about domestic surveillance drones as if they were reporting on the latest Yankee trade. Then bizarro stuff like the White House School Safety Czar as an advocate of things unspeakable or a President who says one thing about the TARP on Tuesday and on Weds his Treas. Sec. goes and does just the opposite. Then we have Tiger the paragon of all things good and pure only to find out that the guy is, and actually always has been a prick both on and off the course but that the media chose to keep quiet about it.

Where do I apply for my tinfoil hat?

Wed, 12/09/2009 - 18:03 | 158301 Anonymous
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I can make one for you. All my friends are getting one for Christmas.

Wed, 12/09/2009 - 21:31 | 158479 Rusty_Shackleford
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Thu, 12/10/2009 - 16:23 | 159339 WaterWings
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No freaking wonder...

Wed, 12/09/2009 - 21:29 | 158474 Privatus
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Obama's bumfuckery czar, Kevin Jennings, is a truly sickening freak. Who's next for Attorney General, Charles Manson?

Wed, 12/09/2009 - 17:29 | 158277 chunkylover42
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The whole thing is being choreographed to recapitalize underfunded bank balance sheets.

Wed, 12/09/2009 - 17:42 | 158289 SilverIsKing
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BINGO!  One more like that and you get to trade in your prize for the larger one.

Wed, 12/09/2009 - 17:49 | 158291 Tour de France
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Well, it is not so much that fed needs to be abolished, but it should really be targeting inflation rates.

Wed, 12/09/2009 - 17:50 | 158292 Anonymous
Anonymous's picture

It's hard to trust anyone whose believes that the 'big banks' own the fed.

A modicum of research shows that's simply bogus by any standard....

Sad really, most of these beliefs are based on on griffin's work of fiction - Jeykll Island.

Wed, 12/09/2009 - 18:08 | 158312 Anonymous
Anonymous's picture

That's right. The Fed is not owned by anyone, and is staffed by priests who grow up meditating half-naked, eating forest insects, and chopping wood and carrying water, after taking lifelong vows of poverty. If you saw Ben Bernanke on TV in the Fed building, with the 30-foot ceilings, marble stairways, and gold-plated chairs, you know what I mean. The Fed exists only to serve.

Wed, 12/09/2009 - 21:34 | 158482 Rusty_Shackleford
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Your ideas are intriguing to me and I wish to subscribe to your newsletter.
Wed, 12/09/2009 - 17:55 | 158294 Anonymous
Anonymous's picture

First thing I'm gonna do when i build my time machine is travel back to 1910 and blow up that rail car. Imagine the fall out if the 5 most powerful bankers in the country were to be eliminated from 20th century history. We might be worse off...but dayum....odds are we would be in much better shape.

Wed, 12/09/2009 - 17:59 | 158297 Anonymous
Anonymous's picture

The Federal Reserve has been working for 100 years to enslave you and it is almost there. It is just one economic collapse away from a suspension of the Constitution and martial law. Our Nation needs to turn to God and the Christian principles upon which it was founded before it is too late.

Wed, 12/09/2009 - 18:06 | 158307 Prophet of Wise
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Just hazarding a guess that it's the same families who owned them in 1913.

To the last drop of Idumean blood. Let there be no doubt not one name has changed nor apprenticeship granted to any man outside the Synagogue. [Chart of who "owns" the Federal Reserve] [Court Rules Federal Reserve is Privately Owned] [Misconceptions Regarding the Federal Reserve One Man's Letter to the Editor] [The History of the House of Rothschild]


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