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Do We Need The Fed? (Spoiler Alert: No!)
Submitted by Ron Paul via The Ron Paul Institute for Peace & Prosperity,
Stocks rose Wednesday following the Federal Reserve’s announcement of the first interest rate increase since 2006. However, stocks fell just two days later. One reason the positive reaction to the Fed’s announcement did not last long is that the Fed seems to lack confidence in the economy and is unsure what policies it should adopt in the future.
At her Wednesday press conference, Federal Reserve Chair Janet Yellen acknowledged continuing “cyclical weakness” in the job market. She also suggested that future rate increases are likely to be as small, or even smaller, then Wednesday’s. However, she also expressed concerns over increasing inflation, which suggests the Fed may be open to bigger rate increases.
Many investors and those who rely on interest from savings for a substantial part of their income cheered the increase. However, others expressed concern that even this small rate increase will weaken the already fragile job market.
These critics echo the claims of many economists and economic historians who blame past economic crises, including the Great Depression, on ill-timed money tightening by the Fed. While the Federal Reserve is responsible for our boom-bust economy, recessions and depressions are not caused by tight monetary policy. Instead, the real cause of economic crisis is the loose money policies that precede the Fed’s tightening.
When the Fed floods the market with artificially created money, it lowers the interest rates, which are the price of money. As the price of money, interest rates send signals to businesses and investors regarding the wisdom of making certain types of investments. When the rates are artificially lowered by the Fed instead of naturally lowered by the market, businesses and investors receive distorted signals. The result is over-investment in certain sectors of the economy, such as housing.
This creates the temporary illusion of prosperity. However, since the boom is rooted in the Fed’s manipulation of the interest rates, eventually the bubble will burst and the economy will slide into recession. While the Federal Reserve may tighten the money supply before an economic downturn, the tightening is simply a futile attempt to control the inflation resulting from the Fed’s earlier increases in the money supply.
After the bubble inevitably bursts, the Federal Reserve will inevitability try to revive the economy via new money creation, which starts the whole boom-bust cycle all over again. The only way to avoid future crashes is for the Fed to stop creating inflation and bubbles.
Some economists and policy makers claim that the way to stop the Federal Reserve from causing economic chaos is not to end the Fed but to force the Fed to adopt a “rules-based” monetary policy. Adopting rules-based monetary policy may seem like an improvement, but, because it still allows a secretive central bank to manipulate the money supply, it will still result in Fed-created booms and busts.
The only way to restore economic stability and avoid a major economic crisis is to end the Fed, or at least allow Americans to use alterative currencies. Fortunately, more Americans than ever are studying Austrian economics and working to change our monetary system.
Thanks to the efforts of this growing anti-Fed movement, Audit the Fed had twice passed the House of Representatives, and the Senate is scheduled to vote on it on January 12. Auditing the Fed, so the American people can finally learn the full truth about the Fed’s operations, is an important first step in restoring a sound monetary policy. Hopefully, the Senate will take that step and pass Audit the Fed in January.
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At this point we have to have the fed....disgusting! Can't there be an overseer put in place?
The Rothschilds and a handful of mostly Jewish banking dynasties in Europe are overseeing their scam just fine.Oh, and I'll gladly retract the above and apologize just as soon as the owners of the regional closely held banks divulge the information when requested and the owners are other than as described.
The Federal Reserve Cartel: The Eight FamiliesEND THE FED!
~ By Ron Paul
Awesome book!
@Johnny ~ prepare for the perfunctory junking (which, demographically speaking, should amount to 2.5% of all the votes cast, but due to the excpected amount of zealotry, will amount to more). Thou shalt NEVER expose the truth within a medium owned by the perps you are exposing.
I'm so fucking sick & tired of this s###
"Do We Need The Fed? (Spoiler Alert: No!)"
How about, "Is The Fed Constitutional?" Or... "Do We Need Honest Money?"
We have to stop referring to anything "Fed" as licit and acceptable... for it is neither.
William Kristol is scum of the earth.
Watch him get destroyed!
William Kristol confronted about 9/11 PNAC leader
https://www.youtube.com/watch?...
Spoiler alert: We had a rules-based system once. But the government/Fed Duopoly became too powerful, and these rules were broken/discarded/ignored.
We need to end the Fed AND strip government of most of it's ability to control commerce (destroying the incentive for corporate influence), or we will never have real freedom and prosperity.
it will always be more than 2.5% because people are trained to read something like my post as meaning "all Jews" are in on some grand conspiracy, and it is apparently useless to perpetually qualify one's statements with "the government of the state of Israel" or "Jewish elite" and many of these people quite eagerly lump in 1.2 billion muslims together - so fuck 'em, anyway.
But I've read that "income inequality" is about as bad in Israel itself as anywhere. Best boss I ever had was a Jewish dude, and a couple close friends have been. I absolutely reject violence or state coercion or "quotas" and I also reject treating any group as a monolith - people are only evil fucks to the extent they engage in evil fuckery.
That said, I don't know how one can talk about the wildly disproportionate power of Jews at the top of media and finance and political influence without ruffling the feathers of people who simply react, in Pavlovian fashion, to discussion of that power 'as' nothing but "hate" - particularly when, again, they often promote the same kind of group hate against others with great alacrity.
Whether stupid, or hypocritical, or both, I just can't be bothered perpetually qualifying my statements with people who refuse to consider the merits and the facts alleged and resort to name-calling and red herrings. I never mean "all"or even most Israelis, let alone Jews. I've repeatedly mentioned the Jewish historians, writers, and commentators I have great respect for - and they aren't even all 'anti-Zionist.' Some guys like Peter Beinart are 'Zionist' in the sense of supporting the existence of Israel (I do too insofar as the '67 borders with some reasonable land swaps and security measures) but they just aren't batshit Likudniks like Adelson and the average mindless hasbara drone.
All I am willing to do is say - if I write something you think is false or unfair, let me know, and if at all reasonable I'll consider it seriously. I don't care if someone like Abe Foxman thinks I just "hate" him for his ethnicity or religion rather than his dishonesty and primary loyalty to a foreign state.
But I DO care if someone thinks I am a liar or deliberately dishonest. I'd much rather have to say "I was wrong" now and then.
As to the Fed's ultimate ownership, one might argue, for example, that the particular ethnicity or religion of the international bankers doesn't matter, and that may be true to some extent, but I see no reason why the vast over-representation of the same group, in various countries, in various arenas, does not merit fair and honest discussion. It surely seems to have a great deal to do with our news and entertainment media's messaging and representation of the Arab/Muslim world, as well as our foreign policy.
And as to the latter, one might mention that one area in which American Jews are very under-represented is in the US military. Not that the McCains or Grahams give a single fuck about the lives of American soldiers, sailors, airmen and Marines... but they sold their souls long ago to AIPAC, JINSA, the ADL, the CFR, Brookings, and the usual gang of chickenhawk neocon idiots.
In a word:
Usury.
Funny how the crazies in the M.E recognised the evil it caused 2000 years ago.
... The real history of the United States is not about the War of Independence and the Constitution. It’s about banking.
The United States did not revolt over ‘taxes without representation’. According to Benjamin Franklin the real reason for the War of Independence was that Whitehall forced scarce money through Britain’s Gold Standard on the Colonies, who had thrived with their own Colonial Scrip. A depression was the inevitable result.
Only a few years after nominal independence, Hamilton’s first Bank of the United States brought Capitalism to the United States. It was closed in 1800, but in 1816, in the aftermath of the war with Britain, a second Bank of the United States (a privately owned corporation) was opened with a 20 year charter.
The heroic President Andrew Jackson did not renew this charter and miraculously survived an attempt on his life. His last words, ‘I killed the Bank’ still ring triumphantly through the ages. Unfortunately, he failed to replace it with a decent monetary system and the country was plunged in a depression because of a tanking money supply.
This left the Whigs, Abraham Lincoln prominently among them, plenty of scope to campaign for a new ‘National’ Bank, which came in the aftermath of the Civil War.
In 1913 the Federal Reserve Bank was founded. This privately owned corporation is owned by primarily Jewish ‘member banks’. The presidents of the Federal Reserve are always Jewish and by far most of its board members are too. It’s no secret Wall Street is run by the Jews and is now the global standard bearer of Jewish Usury with derivatives being the scam du jour.
Of course there are Americans in Wall Street too, just as there are Englishmen in the City or Germans in Deutsche Bank, but whereas these nationalities compete amongst each other, the Jews are strong in all nations and this gives them supremacy.
Equally true is that the Jewish many gain nothing from the banking prowess of their ‘elites’. They may have some privileges, but on the other hand they’re also easily duped into nasty affairs or sacrificed like the pawns we all are. ...
https://realcurrencies.wordpress.com/2014/06/05/capitalism-is-jewish-usu...
...
Israel’s dominant role in formulating US Middle East policy is largely a product of its success at recruiting, socializing, and motivating overseas Jews to act as an organized force to intervene in US politics and push Israel’s agenda.
What motivates American Jews, who have been raised and educated in the US, to serve Israel? After all, these are individuals who have prospered, achieved high status and occupy the highest positions of prestige and responsibility. Why would they parrot the policies of Israel and follow the dictates of Israeli leaders (a foreign regime), serving its violent colonial, racist agenda?
What binds a majority of highly educated and privileged Jews to the most rabidly right-wing Israeli regime in history – a relationship they actually celebrate?
What turns comfortable, prosperous American Jews into vindictive bullies, willing and able to blackmail, threaten, and punish any dissident voices among their Gentile and Jewish compatriots who have dared to criticize Israel?
What prevents many intelligent, liberal, and progressive Jews from openly questioning Israel’s agenda, and especially confronting the role of Zionist zealots who serve as Tel Aviv’s fifth column against the interest of the United States?...
http://dissidentvoice.org/2015/09/the-doctrine-of-superior-people/
I know I know, Bill Clinton?
If the fed is ever audited it means they've sufficiently cooked the books and will show nothing. Then the fed says "I told you so" and they're here for another 100 years. I say screw asking them if we can audit them, they're a corporation so just send the IRS and FBI over there and forcefully audit them. Oh, wait they are as corrupt as the fed. The only way to do it is have a million people with torches and pitchforks over to the Eccles building and hang everyone in it and burn it to the ground.
Threatening violence against one's fellow man never amounts to anything good.
It's Ok in some circumstances if you have the means and willingness to back it up, and give the opposing force no reason to doubt your resolve.
Not when they're committing violence against people in the first place.
May your chains rest softly upon you.
Although I'd be ecstatic repealing the federal reserve act I would be even happier if one very simple practice was eliminated - fractional reserve banking. Once I fully understood the practice and the mechanics of how it works I was astonished at how massive the con is. I could live with the fed if fractional reserve banking was eliminated. Then again the two go hand in glove so why not get rid of them both?
"Can't there be an overseer put in place?"
Yes, you can, but you meant an "overseer", rite? And you will need an "overseer" to oversee that one.
Andrew Jackson got rid of these guys once upon a time.
We can do it again.
Two attempts on his life too.
Thanks, Captain Obvious! That's like asking if we need battery acid in our pee-holes.
Bitcoin Kills Banking - How It Happens And Why It Will Happen... https://annrhefn.wordpress.com/2015/12/06/bitcoin-kills-banking-how-it-h...
Thread. Complete.
It is for the health of the financial market that the fed will never get audited.. Mark to Fastasy FTW!!
If the private side can do what SpaceX accomplished, the same brand of young intelligence can construct a new workable monetary system. We can't just say "end the Fed", we need something to replace it and it should be something for the future. The unaudited, untouchable Fed keeps us living under their conrol without any chance of change, change they do not want.
We could put in place a sunset law that appeals the Federal Reserve Act in 3 years. Then challenge our best and brightest in colleges and universities to compete for a replacement system, their future monetary system. The winner would be decided by………?
What America needed was a settlements bank to improve trade and commerce. Too bad we got a monetary dictatorship instead......
Misdirection wrapped in truth. The real underlying problem is in DC.
NYC runs DC.
They 'run' each other (plus Hollyweird).
<--- not much interest in 'FACTS', even after clicking on the link below
FACT ~ jews are supposedly around 2% of the population, but the representative populations in the DC Metro (5%), Los Angeles Metro (5%), & the NYC Metro areas hover near 10%...
QUEL SURPRISE!
https://www.jewishvirtuallibrary.org/jsource/US-Israel/usjewpop.html
Is a relationship. A mutually beneficial one - power and greed of course. I would argue that where they meet it is a very grey area (deep state). I am not sure who I would classify as the biggest offender. I just know that RP is avoiding the other half of the unholy equation here.
Yes, DC allowed this farce to come into existence in the first place. However, that is only because they benefit directly from it in the form of campaign promises, wars, and gimme dats that allow them to buy votes. With an "elastic" money supply, anything is possible, just pay no mind to the mountain of debt that accumulates. Under hard (honest) money, the amount of taxation that would be required to fuel their fantasies could only result in a very violent and swift rebellion. This is why everything is dumbed down now, to keep anyone from being astute enough to attemp to pull back the curtain on the scam. However, that mountain of debt will someday roar down the hillside, like hundreds of thousands of tons of solid waste recently did on a Chinese village.
What part of the entity called the Criminal Fraud UNITED STATES, CORP. INC. don't people understand? It was created via the Act of 1871 & this Criminal Fraud entity has been Bankrupt & in receivership via The Banking Emergency Act of 1933.
We have a Criminal Fraud CEO aka "President" & Board of Trustees aka CONgress all acting in deceptive Criminal Fraud via our ignorance & CONSENT.
The Federal Reserve is a for profit private bank. The only interest of the bank is to make money for its member banks (Bank of AMerica, Goldman Sachs, Wells Fargo, JP Morgan). Banks do not care if they make their shareholders money, their clients, or their depositors, only their board members.
"The Federal Reserve is a for profit private bank. The only interest of the bank is to make money for its member banks"
who are owned by jews
The hard part will be convincing a president that he will not be assasinated for ending the fed.
Because you, me, and whoever that guy is, knows he will be assassinated for ending the fed. Once they pulled off the JFK, they knew they could do anything. Result: a smooth talking radical muslim chimp in the white house, flinging poo at "white" culture. God help us, what they think of next.
"Allowing the American public to use alternative currencies"; That alone would end the FED. The coercive power of the state stands behind the FED and the Dollar. Threats are eliminated. No, no way they allow competition.
Thermo Nuclear War before they end the FED, unfortunately.
Key word there:
'Allowing'...
It's not so much "allowing" as it is our CONSENT & ignorance.
boom bust makes folks in the inner circle rich. Ask yourself, how does one steal money from another without it looking like theft?
UNLESS millions of you risk your lives and go to WADC with firearms - many of you will die in the effort - and succeed in overthrowing the regime by force,
THEN
you will all live out the rest of your dominated controlled lives under the regime, including the FED.
ALL TALK about ending the FED is just verbal masturbation because you cannot do it with talk or votes, which you do not have and never will have.
I cant believe I agreed with something you said, but miracles do happen. Did you see when the Egyptians made like a swarm of killer bees and rammed their governments building into submission? The Power of people. Not as many deaths as you would think and completely unstoppable... I must say I have respect for the Egyptian people. Great job! There is no way they could shoot us all and if they did there would be even more HELL to pay... We wouldnt be taking too many casualties because it would be a quick fight!
All this verbal fantasy and delusion about spontaneous change by magic just deludes people into believing that it can happen without risk, strife, conflict, blood and death - the same means by which the USA was created - and drains away the motivation and conviction that BOLD DECISIVE ACTION!!! is necessary.
Individual Rights and Freedom are ALWAYS under attack, preserving them requires continuous vigilance against and destroying the confiscators and oppressors, not just whining like children and praying for change like primitives begging the stars for aid.
If all the victims of the regime and FED just marched armed on WADC, then this subjugation and oppression could be over in a week. Then we could instead be dealing with construction of the new regime and enjoying free unmanipulated uncontrolled markets, keeping all of our earnings, etc.
Thank you for your vote.
When you realize our Congress and Senate have a 10-15% approval rating it = a 85-90% disapproval rating... You want to be walking on eggshells when 85% of 300million = 250million people who think our government sucks and DIS APPROVE.. I would like to persuade you that its not fantasy to think more than a few "Good" Americans are really pissed. Its all about the numbers.
I never said there would be no risk... There is risk when you step out your front door... Egypt is reality my friend.. Make sure your fantasy economists understand that... Because when the experiment fails, reality becomes real. I fear not. especially the fucking idiots driving the bus who think they "know" what they are doing. The more people they kill the faster they will lose.
If the population comes for our politicians we will get them and thats all that matters. Far less people will be hurt than have been hurt by the irresponsibility of our government.
The Federal Reserve defeats the intention of having a limited government. The government can be a big as it wants to be with the Fed providing the blank check. This is at the expense of the people, not only via intrusion and oppression that comes with unlimited government, but via the dilution of the 'money'. Or actually the death of the money.
Just so the fucking numb skulls in the audience do not mistake this audit the FED crap.
The FED fucks will say they are already audited. That are partially audited, just the financials, nothing more.
Those audit reports are available at the FED website.
The FED's charter allows this, but what needs to change and happen is an audit of the rest (policy, transactions, ownership, all communications, meeting minutes, etc.)
>After the revolution, a full audit will be done all the way back to 1913.
Further, if any illegal activity is discovered, that activity will be prosecuted. All convicted persons will be sentenced and jailed and hung. All those who are convicted post mortem, will have their family trusts fined into bankruptcy.
Further, all audit reports, conclusions and prosecutions will be made public including mugshots of the perps.
Then, hopefully the pasty Brits and the Euro trash can follow the American people's lead and hang their Central bankers too.
This will end the FED, not some brain dead media spin.
Ron Paul needs to clear this shit up, or shut the fuck up.
The so called Federal Reserve is insolvent - period
if we can't end the fed, why can't we at least tax the member banks/shareholders?
At some point it time, the un-fed will be disolved, but it will not be by the folks that gave them the green light in the first place.
Con-gress is a nutless bunch of bought and paid for spineless assholes. They will continue on Bankster Inc's. payroll.
P.S. May Woodrow Wilson continue to roast in hell.
Great stuff.
I mean really, a 6% guaranteed Dividend to Shareholders of the FED? Really? For what? Fuck all. Printing money out of thin air and then paying themselves a nice Dividend. This has to be the biggest scam on the planet.
The FED is an instrument of evil, promoted by compromised men and it's ultimate charter seeks to first dominate, and ultimately, to destroy all mankind. Those who support it, and those useful tools who look the other way while excusing it, are guilty of Treason. Plain and simple.
The FED, it's Agents, Practices, Departments and Unconstitutional Instruments of Enslavement must be rooted out, or we shall be impoverished (as now), then enslaved - and finally sacrificed on their alters of pride, greed, jealousy and hate.
Has it occurred to any of the rest of you ZH'ers that only those countries beholden to Central Bankers (or, which are subject to their rule) are accepting Jihadist Immigration? And, this, despite near political unanimity recoiling from such murderous infiltration? The scourge of the Enemy is close indeed when his agents no longer fear the electorate or deliberative process.
Rules-based monetary policy is just a way to partially front run the Fed. But then they just change the rules or the data to screw you. You're not going to cut in line at the money trough and think they won't just change the game on you.
And even Fed transparency is just an academic argument. It's just designed to get you to think about them and to use "reasonableness" test to convince people. But thinking about the Fed for even just an hour will reveal that it's a completely nefarious enterprise. Be as transparent as you want. They're printing money in front of your face and bragging about it.
Do "We" need the Fed? Thats funny. The Fed is doing Gods work, so its got nothing to do with we or us. Lloyd and Jamie need them enough for all of us...apparently.