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How Is This Not A Massive Conflict Of Interest?

Tyler Durden's picture




 

Submitted by Simon Black via Sovereign Man blog,

Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

He was right about at least one thing– it’s true that hardly anyone on the planet really understands the monetary system… or the way that central bankers manipulate the entire global economy.

I’ve met some seriously smart people who are very high up in finance. Senior bankers, traders, fund managers, etc. And even -they- don’t really understand it.

Everyone just presumes that there are some really smart guys and gals who make policy decisions from their ivory towers. We’re told that they know what they’re doing, and we’re just all supposed to trust them.

People erroneously believe that it’s somehow controlled by the government… in the US, for example, the President of the United States appoints members of the Federal Reserve Board of Governors.

Right now there are 4 presidentially-appointed Fed governors.

Meanwhile there are 12 Federal Reserve Bank presidents who influence the decisions of the all-powerful Federal Open Market Committee (FOMC).

Remember, the FOMC is the body within the Fed that essentially dictates monetary policy. It is the FOMC which decides how much money to print, and whether or not to loan this money to commercial banks at basically 0%.

All 12 Fed bank presidents sit in those meetings. 5 of them are actually voting members.

It certainly begs the question– how are the Fed bank presidents chosen?

Simple. Each of the 12 Federal Reserve banks has a board of directors… 9 directors at each bank. And the board selects the bank president.

So who gets to pick the Fed bank directors? The government, right? Wrong.

The majority of the directors are chosen by the commercial banks themselves. JP Morgan. Bank of America. Citigroup. Etc.

It is the BANKS who pick the directors who pick the presidents who dominate the committee which decides to loan money back to the banks at 0% interest.

How is this not a MASSIVE conflict of interest? Are we to believe that the interests of JP Morgan, Bank of America, and Citigroup are aligned with our own interests? I highly doubt that.

It is this topic that I explore in today’s podcast. And I highly recommend it because it’s critical that anyone participating in this system really understands how it works, and for whom it is rigged (spoiler alert: it isn’t rigged to your benefit).

How The Fed Works (and Its Massive Conflict Of Interest)

 

 

 

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Mon, 06/09/2014 - 22:05 | 4839330 Honey Badger
Honey Badger's picture

Inbred motherfuckers

Mon, 06/09/2014 - 22:12 | 4839346 john39
john39's picture

Yeah, remind me again what Henry Ford said about the freaks running this shit show...

Mon, 06/09/2014 - 22:26 | 4839362 lordylord
lordylord's picture

Bankers are voting to give themselves other people's money while the welfare class also vote to give themselves other people's money.  I'm tired of this shit.

Mon, 06/09/2014 - 22:27 | 4839371 NoDebt
NoDebt's picture

Not half as tired as you'll be before this shit's over.

Mon, 06/09/2014 - 22:43 | 4839407 Four chan
Four chan's picture

henry ford knew what time it was, he saw our money system transformed from one designed by patriots

owned by we the people to one owned by the tribe rothschild set up to capture all assets through

created boom and bust and to enslave a free peoples to debt. when henry ford died his progeny was ashamed

of his perceived truth and they took all his papers, books, writings and threw them into a cork lined pool at his

home fairlane and sealed it over with cement. oi vey!

Mon, 06/09/2014 - 23:07 | 4839448 SafelyGraze
SafelyGraze's picture

'It is the BANKS who pick the directors who pick the presidents who dominate the committee which decides to loan money back to the banks at 0% interest.'

and that, children, is why we call it a republic!

Tue, 06/10/2014 - 00:32 | 4839610 jeff montanye
jeff montanye's picture

this is a somewhat unusual situation.  not that the banks, basically jpm and gs, don't control the fed and u.s. treasury, they do.  but still, there are supposed to be seven fed governors appointed by the president and confirmed by the senate who vote on the open market committee with those five regional bank-elected presidents.  currently there are only four sitting fed governors (or federal reserve board), the others are awaiting senate confirmation, as many other obama appointees are as well (like what the dems did to bush before and the reps did to clinton . . . .).  the number of presidential appointees may drop to three soon:  http://www.nytimes.com/2014/05/13/business/as-seats-go-unfilled-federal-...

Tue, 06/10/2014 - 06:46 | 4839844 max2205
max2205's picture

May I have more interest sir.

 

No!

Tue, 06/10/2014 - 00:59 | 4839640 spine001
spine001's picture

This article is just a scaremonger tactic to get us to move money to Bermuda. A sales pitch. Lots of truth, but not all of it, only trying to manipulate us to his benefit. 

Tue, 06/10/2014 - 05:22 | 4839799 new game
new game's picture

this factoid full article is the crux of all that is wrong-simple stuff, and most in this fucking world have no clue as to cause affect and that is why it is hopeless to see change in the rest of my lifetime. change for the better, that is. unless(hint), lamp_ _ _t + ro_e + fermented ANGER...

Tue, 06/10/2014 - 02:50 | 4839736 OldPhart
OldPhart's picture

He's preaching to the choir here on Zero Hedge.  Now, if only had some money left over to put into a Bermuda Bank (that doesn't want American customers)...

Tue, 06/10/2014 - 02:50 | 4839737 OldPhart
OldPhart's picture

sorry, fat thumb...

Tue, 06/10/2014 - 06:52 | 4839850 blackbeardz
blackbeardz's picture

the banksters, right? not we the people, that alow this, right? right?!

Tue, 06/10/2014 - 07:15 | 4839874 doctor10
doctor10's picture

"not understand" my a*&!! These people all understand exactly what they are doing and who they work for. Pretending otherwise is called being "obtuse".  And hoping the mob over their with the pitchforks will believe you.

 

Mon, 06/09/2014 - 22:13 | 4839348 ebworthen
ebworthen's picture

King George is rolling in his grave with jealousy; "Why didn't I think of that!?!?"

"Government of the banks, by the banks, for the banks."

Mon, 06/09/2014 - 22:13 | 4839349 dexter_morgan
dexter_morgan's picture

But it's for our own good. Think about the chillins......

Mon, 06/09/2014 - 22:19 | 4839355 Crawdaddy
Crawdaddy's picture

Who knew? We don't actually get to pick our rulers? GTFO!

Keep your eye on that little fuckknob P Bush down in Tejas.

Mon, 06/09/2014 - 22:21 | 4839358 intric8
intric8's picture

and the fed dictates monetary policy, which profoundly affects not only the us but entire political systems. Arbitrary bank-appointed men rule the world. Which countries wouldnt eventually want to free themselves, if not extirpate entirely, such dominance and compulsion on their economies?

When times are good, let it ride. When the sovereignty of powerful but subservient nations are on the line, that dominance will be arbitraged one way or another.

Mon, 06/09/2014 - 22:26 | 4839366 Colonel Klink
Colonel Klink's picture

Revoke the Fed's fucking charter.  Enough already with the robbery of this nation.

Mon, 06/09/2014 - 23:34 | 4839500 Soul Glow
Soul Glow's picture

Imagine the history book that fairly analyzes economics for what it is:  And in those times they though the consumer was rationale and they let the major banking houses run monetary policy.  Such fools humans were in those times.

Tue, 06/10/2014 - 05:27 | 4839800 Bangin7GramRocks
Bangin7GramRocks's picture

And all you assholes scream from the mountaintop about efficient markets and free market capitalism. What a joke! I'll never forget watching the market "demand" rate cuts week after week in 2007. Free market capitalists would never need to "demand" action from a controlling body. A bunch of hypocrites and thieves. Good thing the rising oceans will wash away Wall Street in a few decades.

Tue, 06/10/2014 - 08:20 | 4839935 Terminus C
Terminus C's picture

I think you fail (intenionally) to understand the difference between free and crony capitalists.  You are correct that free marketeers would not demand anything, but you are not correct in suggesting there was a free market in 2007.

Tue, 06/10/2014 - 07:32 | 4839884 grid-b-gone
grid-b-gone's picture

The way it should work, is that each time the money supply needs to expand by, say $1 trillion, a check for a little more than $3K is sent to each citizen. Banks then bid for that money in the market by offering competitive CD rates or other financial products.

Normally, member banks would still conspire to offer sub-market rates on that new money, but then we'd have 6,000 non-Fed member banks also making offers for that money in a public market.

At that point, banks get to lever up those reserves, but not before new money is filtered through the citizenry.

The typical 6% Fed member banks get now would likely be much lower.

They've got to be laughing at how easy it was to usurp the process from over 300 million citizens. A 6% return on the entire supply of the people's money that should be going to the real owners of the currency, citizens, and they took control of the process from all three branches of government.   

Tue, 06/10/2014 - 09:33 | 4840180 sleigher
sleigher's picture

If only there was some way to organize those 300 million people.  Something like a TV channel that would report to them the facts of what is happening in the country and the people could make informed decisions.  Nah...  That would never work.  Those bankers would take that over too to hide their crimes.

Mon, 06/09/2014 - 22:28 | 4839367 NoDebt
NoDebt's picture

Hey, guys, just back from 2 days in Pittsburgh (I lost a bet with my partner).  World still fucked up?  Yep.  Stock market still hitting new highs?  Yep.

Ah, it's good to be home.

Mon, 06/09/2014 - 22:30 | 4839375 q99x2
q99x2's picture

BitCoin: Last Price: 659.1200

Mon, 06/09/2014 - 22:32 | 4839383 The Most Intere...
The Most Interesting Frog in the World's picture

Of course it's a massive conflict of interest. How else to make ridiculous gobs of cash????

Mon, 06/09/2014 - 22:41 | 4839403 KnuckleDragger-X
KnuckleDragger-X's picture

Wheres Andrew Jackson when we really need him?

Mon, 06/09/2014 - 22:44 | 4839411 maskone909
maskone909's picture

Good stuff. I am forcing my family to watch this now ;)

Tue, 06/10/2014 - 09:04 | 4840093 msmith9962
msmith9962's picture

I've been trying to assemble a concise set of wakeup videos for the sheep in my life.  Maybe should add this one.  Available on Utube. They include

The biggest scam in the history of the world 1/2 hour

Petrodollar war machine 1/2 hour

Peak Oil and Economic Contraction 1/4 hour

 

Tue, 06/10/2014 - 12:12 | 4840842 maskone909
maskone909's picture

dont forget "all wars are bankers wars"

"dark legacy" also on netflix.

 

in contrast with sheeple videos

anything by michael moore

anything by bill maher

anything on msm

Wed, 06/11/2014 - 08:20 | 4843890 msmith9962
msmith9962's picture

Cool. Thanks.

Mon, 06/09/2014 - 23:09 | 4839451 jomama
jomama's picture

Yellen's face is not human.

Mon, 06/09/2014 - 23:13 | 4839464 kchrisc
kchrisc's picture

"I’ve met some seriously smart people who are very high up in finance. Senior bankers, traders, fund managers, etc. And even -they- don’t really understand it."

One word understanding: Theft.

Tue, 06/10/2014 - 13:28 | 4841153 msmith9962
msmith9962's picture

Because their paychecks depend on it?

Mon, 06/09/2014 - 23:13 | 4839465 world_debt_slave
world_debt_slave's picture

The frogs have been boiled over and over in the pot.

Mon, 06/09/2014 - 23:23 | 4839479 James Dandy
James Dandy's picture

That's not all Henry Ford had to say, how about his book they never told you about in school, "The International Jew"?

Tue, 06/10/2014 - 00:52 | 4839632 Treason Season
Treason Season's picture

That document is an example of how an enlightened populace can have an intelligent conversation about a sensitive yet extremely relevant topic. Henry Ford put his money where his mouth was and like a lot of patriots got ignored for his efforts. His expose of immigration policies at the time is really must reading for anyone trying to understand who we, i.e. USA, really are.

Tue, 06/10/2014 - 01:16 | 4839657 ILLILLILLI
Tue, 06/10/2014 - 07:10 | 4839868 Infinite QE
Infinite QE's picture

Yes, required reading. He knew all about the Bolshevik jews and was planning to use the German army to invade Russia to roust that pestulence. To bad for the world he did not. It would a much more prosperous, civilized world if he did.

Tue, 06/10/2014 - 07:28 | 4839890 matrix2012
matrix2012's picture

The International Jew - The World's Foremost Problem by HENRY FORD

 

Hidden History - Jews, Protocols, Banks, etc.

Some info about book:

In an interview published in the New York World February 17, 1921, Mr. Henry Ford put the case for the "Protocols of Zion" tersely and convincingly. He said: "The only statement I care to make about the Protocols is that they fit in with what is going on. They are sixteen years old and they have fitted the world situation up to this time. They fit it now." He made this statement when Jewish leaders and the Jewish Press in America were fulminating against a series of articles printed in Ford's newspaper The Dearborn Independent during the years 1920 to 1922. After some years of pressure such as only organized Jewry can conceive or inflict, Henry Ford was made to apologise to Jewry in a letter addressed to Louis Marshall, then leader of the American Jewish Committee, dated June 30, 1927. Ford's apology was abject, but neither then nor since did he ever deny the truth of the articles.

As clearly as the "Protocols of the Learned Elders of Zion" reveal a concerted plan of action, of intention and achievement, through centuries of world history, so the long series of articles in The Dearborn Independent expose the powerful concentration of forces organized by Jewish interests and the effects of Jewish influences in the United States from the time of the Civil War up to the uneasy years following the first world war. The scope of the original articles is wide, the analysis of the relentless march of Jewish ambition and the rapid acquisition of political power is deep and dispassionate. In their entirety they present a most thorough exposition of the range of Jewish influences in America over many decades; they provide adequate evidence of the motives that inspire such phenomena and the ultimate objective towards which Jewish policy is leading the world. In the 29 years that have passed since the publication of the series began, Jewish power in the United States has developed to a degree far out-distancing even the alarming proportions exposed at that time.

The Jewish "National State" of which we have heard so much deceptive talk elsewhere is already firmly established. De jure and de facto the United States of America can claim that title, though many American citizens may even yet be astonished and no doubt indignant to read the statement.

But, examine the FACTS. The Dearborn Independent articles fitted the American scene 30 years ago, they fit it now! The Jewish Question continues to mount the scale of public attention all over the civilized world, attracting ever a higher type of mind to the discussion of its significance. It cannot be encompassed within the range of a single volume.

This edited version seeks merely to give the gist of the four volumes in which the famous series of articles were printed under the title: THE INTERNATIONAL JEW. Presenting the essential facts in easier sequence and condensed to about one-tenth of the original wordage, many contemporary illustrations have been eliminated, but the implications of the Jewish Question in America and the evidence of the impact of the Jewish Idea on the lives of ordinary American citizens have been marshalled in a form readily assimilable by new readers, providing a useful digest for the informed. The way to a just solution of "the world's foremost problem" is clearly indicated.

Truth is visible when honest men seek Her diligently. The reader, wherever he may be, to whatever nation he may belong, should seriously reflect upon the fact that the conditions long-operating in the United States and the conclusions which emerge from this investigation of the Jewish Question in that powerful country, can, in all probability, now be paralleled in his own land, his own city. If he should seek confirmation -- let him look around.

 

G. F. Green - London, February, 1948

 

Tor-rent-it!! still made available

Mon, 06/09/2014 - 23:32 | 4839496 Soul Glow
Soul Glow's picture

END THE FUCKING FED

The name Paul should have given his book, because it would have sold more copies this way.

Mon, 06/09/2014 - 23:35 | 4839507 techstrategy
techstrategy's picture

The way to end the games is to sell stocks and conver them to PHYSICAL CASH and PHYSICAL GOLD outside the banking system.  It won't be a run on banks so no one can pull that destabilizing BS, but it will make sure that they are the ones holding the bag and pinned.  There is no benefit to holding float/option manipulated financial assets.  Get to the kind they cannot manipulate via digital control and let them deal with the consequences...

Mon, 06/09/2014 - 23:40 | 4839516 alfred b.
alfred b.'s picture

 

Fed + gov't = criminal syndicate!

 

Mon, 06/09/2014 - 23:43 | 4839522 Dublinmick
Dublinmick's picture

Henry has a section of fans but he was a 32 degree mason himself. His factories in nazi Germany were not bombed. He played his role.

 

Stavros Niarchos-Aristotle’s brother-in-law and Ari’s business competition. Stavros’ parents came from Sparta, Greece. His relatives were rich. Stavros went into shipping and after W.W. II broke out, left Greece to avoid having to fight for Greece. He was a close friend of Colgate, Roosevelt and Bernard Baruch, who he would invite to his house on Long Island. He rented his Long island house from Harry Hopkins who was the man who told Pres. F.D. Roosevelt what to do. Even though he was a millionaire, he had a difficult time avoiding have to serve. Eventually, he managed to get himself situated as a naval officer in intelligence for Greece in Alexandria, Egypt. Information sent into the ’69-70 Who’s Who reference book about his war time exploits are fictitious. Niarchos and Aristotle were friends from 1934 onward, but also at times enemies trying to outdo each other. Both frequently went to St. Moritz, Swit., a ski resort. Stavros also frequents an old Medici family Palace/estate near Turin where the Duke of Edinburgh and Baron Elie de Rothschild like to go and shoot birds. The estate has many and it isn’t unusual for them to kill a thousand a day. Stavros is an important leader of the Bilderbergs and a billionaire. He married Henry Ford II’s daughter who was 38 years younger than he was, and divorced her shortly afterwards. He worked closely with David Rockefeller.

https://dublinsmick.wordpress.com/2013/10/19/the-roman-empire-still-aliv...

https://dublinsmick.wordpress.com/2013/05/08/hitler-was-a-rothschild-and...

Tue, 06/10/2014 - 00:06 | 4839568 atomicwasted
atomicwasted's picture

I'll give your links this; they are entertaining and more batshit crazy than I've seen for a long time.  Kudos to you, sir, for proving to me that the Internet still contains depths of insanity I never even knew existed.

Tue, 06/10/2014 - 00:18 | 4839597 Dublinmick
Dublinmick's picture

Take the red pill atomic! :)

Tue, 06/10/2014 - 00:35 | 4839613 Muppet
Muppet's picture

Central Bank = Central Bankers.    Everyone should know our Central Bank (Fed Reserve) is a bank association, not at all there to serve    the people.      This is lesson 101 stuff. 

Tue, 06/10/2014 - 00:53 | 4839634 I Write Code
I Write Code's picture

This is a good point, because the BIG LESSON of 2008 is that banksters choose greed every time, no matter the destruction it brings.  Even Alan Greenspan is quoted as being "shocked, shocked!" at this circa 2008.  If "banks" need to be reined in it therefore CANNOT BE BY THE FED.

Tue, 06/10/2014 - 01:26 | 4839667 JailBanksters
JailBanksters's picture

There is no need for Banking to be complicated, it is made complicated on purpose and for a reason. How else could you charge such exorbitant fee's for a few minutes work or 15 seconds of computer time.

Tue, 06/10/2014 - 02:25 | 4839717 Frilton Miedman
Frilton Miedman's picture

 

 

While the Fed, by design, is autonomous of electoral poltics for the intent of removing it from politics, it IS ultimatley overseen & controlled by Congress.

That's an important detail.

It was created by Congress, it has been modified & expanded by Congress over the years, it can also be ordered to open it's books by Congress as evidenced by Ron Paul's Fed Reserve Transparency Act a few years ago.

If We the people are angry with the conflicts of interest that TBTF executives are on the Fed (I DEFINITELY AM), technically, we can and SHOULD pressure Congress to mandate a system of disallowing conflicts of interests.

This blog creates the notion that the Fed is some kind of rogue government that cannot be controlled or stopped, if people don't realise Congress holds the reigns, they don't realise we have the ability to pressure our Reps.

Ron Paul proved otherwise.

 

Tue, 06/10/2014 - 02:35 | 4839728 Tulpa
Tulpa's picture

Pressure our reps?  Ha.  If you're not getting welfare you have NO influence.

The poor people getting welfare are close to becoming a majority of the electorate, while the rich people getting welfare finance your reps' campaigns and offer them cushy high-paid consulting gigs after they leave office (and their families and friends).  So why again would your rep care what a smelly taxpayer thinks?

Tue, 06/10/2014 - 02:47 | 4839732 Frilton Miedman
Frilton Miedman's picture

 

 

 

I agree "Bribery is free speech".

However, the day I buy the notion that we no longer wield any influence whatsoever over elected politicians is the day I apply for citizenship to Canada.

Granted, I have the application downloaded in PDF on my PC, but still...

It's important that we ALL KNOW the Fed functions under Congressional scrutiny, it's an important detail.

Ron Paul started something that needs continuance, I don't think abolishing the Fed is the right idea, but we DEFINITELY need to alter it's structure and increase it's transparency.

 

 

 

Tue, 06/10/2014 - 02:56 | 4839739 OldPhart
OldPhart's picture

I, woefully, suggest you apply for citizenship in Canada.  Unfortunately, they have a similar system operating there, as does most of the rest of the world.

I think you may be relatively newly awakened  You have much to learn still, grasshopper. 

Tue, 06/10/2014 - 03:01 | 4839743 Frilton Miedman
Frilton Miedman's picture

 

 

You didn't get the joke, Kwai Chang.

Tue, 06/10/2014 - 06:22 | 4839828 prymythirdeye
prymythirdeye's picture

The joke's on you dipshit...You've been here 3 weeks.  Why not read rather than write so much

Tue, 06/10/2014 - 09:42 | 4840226 sleigher
sleigher's picture

"However, the day I buy the notion that we no longer wield any influence whatsoever over elected politicians is the day I apply for citizenship to Canada."

 

Ok.  I will see you there?  Right behind ya...

Tue, 06/10/2014 - 06:20 | 4839826 prymythirdeye
prymythirdeye's picture

Keep telling yourself that.  Ron Paul has proved nothing by the way. Simply a prop to keep the "fiesty ones" at bay...controlled opposition, no more

Tue, 06/10/2014 - 13:25 | 4840749 Frilton Miedman
Frilton Miedman's picture

 

 

Carrot snapper,

In response to your above question, why I type instead of read, read what you typed.

Go ahead, cower in your mom's basement making anonymous comments on internet forums to criticize those who refuse to beleive they can do nothing.

It's easy to whine like a bitch, even easier to whine at those who propose a solution that could get in the way of your whining.

 

Tue, 06/10/2014 - 07:35 | 4839901 Moe Howard
Moe Howard's picture

You got it bass ackwards. Congress is owned by the Fed. Ron Paul was just a rogue in Congress that had no power or influence at all. He never even asked the hard questions.

I really am a Ron Paul fan, but I have no illusions about the real situation we face in this country and to a greater extent, the world faces. There is literally almost no place to go to or hide anymore.

Tue, 06/10/2014 - 09:45 | 4840234 sleigher
sleigher's picture

Had Ron Paul actually posed a threat we would be speaking of him posthumously.  There are places to go, just most either don't want to go there or couldn't survive there. 

Tue, 06/10/2014 - 12:32 | 4840773 Frilton Miedman
Frilton Miedman's picture
Moe, Technically, Congress is owned by those with the most money, be it TBTF's, corporations or eccentric billionaires, so I'll give ya that.       WE have the ability to at least try to do something about that, there are a few petitions going around to end Citizens United.       If you've already signed one, good, if you've done nothing, ask yourself why you're here criticizing me when you could be on the phone at least calling your rep about it or sending an Email.                                 Also, I debate the claimed uselessness of Ron Paul's accomplishment, he got the Fed to open it's books and reveal a few embarrasing truths over their preferential practices, that's a lot more than you're crediting him for.
Tue, 06/10/2014 - 05:27 | 4839801 shouldvekilledthem
shouldvekilledthem's picture

Bitcoin FTW :)

Tue, 06/10/2014 - 06:28 | 4839830 FreeNewEnergy
FreeNewEnergy's picture

Ever wonder why Ford was never made a Dow component?

Now you know.

Tue, 06/10/2014 - 07:31 | 4839883 Notsobadwlad
Notsobadwlad's picture

One can safely assume that the vast majority of bankers, businessmen, politicians, clergy, military and ivory tower intellectuals are simply useful idiots who have been trained since birth to aspire to be an accepted member of a prestigeous "club". I suppose, that is part of human nature and many of us are caught up in it to our detriment and the detriment of our species. If fear and pride are human nature then these people are victims, as much as anyone else.

It is my understanding that at the apex of the physically human population are acolyte servants to the power. These acolytes control the population for owners/caretakers of this world.... yes, and one of the main control mechanisms is money, so the heads of finance figure prominently.

There are of course bigger questions ...

Tue, 06/10/2014 - 07:34 | 4839888 q99x2
q99x2's picture

Holy shit. Now I recognize that face. That's the one they kept in the cage on Q99X2 for 40 days and 40 nights while they condensed her and re-expanded her 144,000 and a third times before she disappeared into the sulfuric acid pit. Story was she had stolen the worms out of the mouths of some baby birds on the lower branches of the tree that grew near the river of life. It was a man in a beard supposedly helped her escape through a black hole of debt. Wonder what she is doing here?

Tue, 06/10/2014 - 07:31 | 4839895 Moe Howard
Moe Howard's picture

Fuck the Fed. Over.

Tue, 06/10/2014 - 07:43 | 4839909 lakecity55
lakecity55's picture

This is an excellent read:

(Thos. Jefferson, too lengthy to post)

 

http://avalon.law.yale.edu/18th_century/bank-tj.asp

Tue, 06/10/2014 - 09:01 | 4840076 AdvancingTime
AdvancingTime's picture

Today a big topic is the huge growth in inequality. Those who look closely understand that it is not the 1% at the top stealing the icing off the cake, but the much smaller .1% or .01% that are skewing the numbers and overreaching.

I contend this goes hand in hand with the massive growth in crony capitalism and corruption. Much of this can be attributed to the ability of those in control "changing the rules" and positioning themselves to benefit at every corner. In our busy and complex world we have found it impossible to watch all the moving parts. More on this subject in the article below.

http://brucewilds.blogspot.com/2014/05/how-empires-collapse.html

 

Tue, 06/10/2014 - 14:39 | 4841488 Frilton Miedman
Frilton Miedman's picture

 

 

 

" Much of this can be attributed to the ability of those in control "changing the rules" and positioning themselves to benefit at every corner "

Completely agree, what concerns me in this forum is the sole focus on the Fed, the Fed is only one component of a much larger systemic problem of money in politics, bribery relabelled as campaign donations.

 

 


Tue, 06/10/2014 - 09:26 | 4840160 Downtoolong
Downtoolong's picture

We’re told that they know what they’re doing, and we’re just all supposed to trust them.

My favorite passage from Michael Lewis’ book Boomerang, The Meltdown Tour.

“Everyone in Ireland had the idea that somewhere in Ireland there was a little wise old man who was in charge of the money.…And then they saw him and said, Who the fuck was that??? Is that the fucking guy who is in charge of the money??? That’s when everyone panicked.”   

Do NOT follow this link or you will be banned from the site!