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Whitgurley said it best. Most people don't really know what the federal reserve bank is. They see the Federal and think it's federal government and part of the US Treasury department. I say, watch Freedom to Fascism. That'll teach you a lot of introductory information into the Income Tax system and Federal Reserve Bank. The Federal Reserve Bank is owned by UNKNOWN private corporations/entities. Furthermore people, the MONEY YOU SPEND AND RECEIVE every day is simply produced by the Federal Reserve Bank. It has no backing, no gold backing it up, no silver backing it up. It's just PAPER MONEY, that is printed out and loaned to the government to pay for defense, health care, salaries, etc. Lastly, our debt is owed mostly back to that bank. So guess what we do, loan from that bank to pay back that bank. If you caught that, does it make any sense to you? If it doesn't then that is really the root of this economic crisis we're in.
The Federal Reserve is the most evil company in the international. They impose a tax on us with inflationary coverage. that's amazingly regressive because those on the bottom of the commercial ladder do not have a lot funds; devaluing the forex steals away identifying to purchase means and an already negative man or woman purely will develop into poorer. those on the accurate do not innovations because they already discover the money for to make up for that devaluation. Intervention interior markets is undesirable because it distorts the markets. an same is going for prices of interest. Richard Nixon experimented with the authorities putting expenditures and proved it develop right into a gloomy failure. An interest price is purely the cost of money. This too will practice to be a failure. All we ought to do is be prepared to open our eyes. An elastic forex enables us to bypass to warfare inspite of if the warfare is unjust; it enables us to deficit spend maniacally; it enables the authorities to save taxing us and further pushing us down; it opens to door to critical planning and authorities administration; it places the means contained in the palms of the bankers. no longer something solid will come out of critical banking. Woodrow Wilson knew this and admitted to unmarried-handedly ruining our us of a. Kennedy regarded this and issued govt Order 100001 which purely about abolished the Fed; he develop into killed quickly thereafter. all and sundry who trusts the Federal Reserve is a fool.
B/c most people think the federal reserve is part of the federal government, and not a private bank the government turned over power to print money for us in exchange for income tax revenue. um. mccain works for bush's boss as well. he is not your savior, and he really isn't conservative; economically, morally, nor socially. anyway, check out these links below. knowledge is power.
Left to it's own devices, and keeping low life politicians out of the equation, the federal reserve will do just fine. If I'm not mistaken, Paulson who is a declared left winger and Chairman of the federal Reserve, must be replaced. As I said, keeping low life politicians out of it !
They don't understand how it works. They think that somehow central banking failures constitute "market failures." Mises, Rothbard and Hayek need to be taught in public schools but that would be against the interest of government schools so they won't be taught, for the same reason most Catholic schools gloss over the Reformation.
Americans are the dumbest, most economically illiterate people. No other good explanation. They are too busy watching American Idol the and Paris Hilton sex tape to even realize how badly they are being robbed. You can convince anyone of anything if they are too dumb and lazy to find out the facts on their own.
Because it has 3 other times in the past with the same big banks benefitting from these manufactured economic crisises, with the help of the government.
The bill is on cnn so you can read it then tell me what politician can understand it.to vote on it
It is retarted...almost as retarted as bush and his team who let it happen...be glad when Obama gets there...He will inherit quite a mess...really, mccain deserves to deal with it for 4 years...
WELL BUSH IS OUT pennsylvania JANUARY AND PEOPLE WILL START HAVING MORE TRUST pennsylvania THE ECONOMY ONCE BARACK OBAMA IS ELECTED PRESIDENT.