Thread: American Politics
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08-25-20 20:25 #1206
Posts: 2344Originally Posted by MasterMonger [View Original Post]
Originally Posted by MasterMonger [View Original Post]
Originally Posted by MasterMonger [View Original Post]
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08-25-20 19:41 #1205
Posts: 327Misdirection
Originally Posted by ScatManDoo [View Original Post]
Nobody who isn't a diehard Apprentice fan would know Trump tried to get a presidential nomination back in 2000. I am an apprentice fan and have all the seasons on DVD and I didn't know that. But since you are such a semantics guy I could argue that without being nominated you could only dream about being President because a dream is thought that doesn't have a good chance of coming true. Although I really didn't know he tried to get nominated for the reform party.
Nice try at misdirection though, because you know I am completely right about everything I have written and now you are grasping at straws trying to recover some dignity. Sorry bro, ain't going to happen.
Got it Biff?
Again my fellow Americans write no confidence across your presidential ballot this year so the government knows we have had enough and something has to change!
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08-25-20 18:22 #1204
Posts: 2344Originally Posted by MasterMonger [View Original Post]
Originally Posted by MasterMonger [View Original Post]
And that goes for the 1,000's of other top heavy corporations worldwide with these both these bloated with redundant offices that have two different people assigned to, with each getting paid to perform essentially in the same position.
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08-25-20 04:53 #1203
Posts: 2344Originally Posted by George90 [View Original Post]
Originally Posted by MasterMonger [View Original Post]
How else could you explain Master Monger not recalling that Donald Trump ran in the 2000 United States Presidental Election. Donald Trump "considered" running for president about half a dozen times before year 2015. Most memorable was the 2000 election where the Donald actively sought the nomination from the Reform Party (but quitter Donald lost that party's nomination in 2000 to Pat Bucanan).
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08-25-20 04:11 #1202
Posts: 327Federal Reserve is not a government agency
Originally Posted by ScatManDoo [View Original Post]
The Fact is the Federal Reserve is not a government agency, it does not have government employees and it does not get any funding from the government. Those are facts and no matter how much you whine about the word "Federal" in the title or the fact that the President of the United States can pick it's officers from a list of names will never change that.
"Got it McFly?" Is a perfect example of your world being based on opinion and emotion rather than fact.
MasterMonger = McFly "I agree".
ScatManDoo = Biff "I also agree".
It amazes me that the movie "Back to the Future" has made such an impression on your life. Although thinking about your intelligence level it actually makes sense why you quote movies over literature.
You identify with Biff so in your opinion McFly is an insult but the fact is that McFly was the victor, the hero, the one who ended up being successful so you calling me McFly is a compliment you retarded Neanderthal.
President is a direct synonym with Chairman so you can call Jerome Powell either one because they mean the same thing. Guess you need to learn English too.
https://www.freethesaurus.com/president
Maybe you wouldn't have the standing to sue because you are not an American citizen, or at least I can hope. Although as an American citizens you would have the standing to sue anyone who falsely defames the United States.
Got it Biff?
Now, George90 please tell me which college you went to so I can have them blackballed. I don't support any college who teachers their students to turn to insults when they are clearly losing and have no "standing" whatsoever.
George90 - " Well you, You are a, you are a poopy head."
Sorry man some people are just born stupid bro, complain to God not me.
You two keep responding and I will keep making you look stupid for opening your mouths.
No more political parties! No More Federal Reserve! No More biased News Media!
Write "No Confidence" on your Presidential ballot this year and tell the news you are doing exactly that!
In 2017 the Supreme Court made it clear to the public it has no influence over the electoral college anyway so your vote really doesn't matter!
Write "No Confidence" across your ballot do we can see how many people agree with the state of our government.
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08-25-20 00:20 #1201
Posts: 881Originally Posted by ScatManDoo [View Original Post]
Originally Posted by ScatManDoo [View Original Post]
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08-24-20 19:28 #1200
Posts: 2344Originally Posted by MasterMonger [View Original Post]
Got it McFly?
Originally Posted by MasterMonger [View Original Post]
Who is it McFly?
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08-24-20 17:53 #1199
Posts: 2344Originally Posted by MasterMonger [View Original Post]
There is no President of the Federal Reserve.
Originally Posted by MasterMonger [View Original Post]
Originally Posted by MasterMonger [View Original Post]Originally Posted by MasterMonger [View Original Post]
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08-24-20 01:44 #1198
Posts: 327ScatManDoo and George90 please ignore.
Originally Posted by ScatManDoo [View Original Post]
ScatManDoo you are Pretty disgusting to repost my old post when I clearly explained the situation of how the World bank chooses the Board of Governors in one of my latest posts.
Now the gloves come off and I will make you look like the foolish person you really are.
Jerome Powell has been on the Board of Governors since 2012, long before Trump even thought about being President. Trump chose Powell from a list of 7 names because only a seated member of the Board of Governors can become President of The central bank which is known as the Federal Reserve. Trump does not like Powell and has called him a no guts, bonehead, poor communicator. So I wonder why he chose him from the list of 7 names. Oh wait I know, because he had no idea who anybody was on the list of 7 names. Probably chose with a dart.
ScatManDoo nothing in the Oliver Stone series is a conspiracy they are all just "facts" of the heinous stuff the American government has done over the years that they have been controlled by the United Nations, World Bank, and International Monetary Fund. If you can prove otherwise then in The USA you can take him and the producers to court and sue them. I guess you are not too familiar with the legal system either.
ScatManDoo even joking about assassinating someone is a crime, apparently something else you are clearly unaware of.
George90 are you actually 90 years old because your posts make about as much sense as my 92 year old grandfather.
The central banking system or Federal Reserve as they like to call themselves to convince people they are actually part of the government, not the case in the you. K. Where the central bank is called the Bank of England or India where the central bank is called the Bank of India. I guess that means citizens in The UK and India are more intelligent than the USA so they don't even try to fool them. Anyway the central banks are set up for two reasons. The first is to provide stability to the bank system so people don't panic and Erratically withdraw their money from banks causing the banks to fail. The second was to become a "Last Resort Lender" for banks, Governments, and on occasion private businesses. Over the years they have managed to become overseers of all banking practices and now regulate all banks but their need is redundant to say the least.
The government could do everything the Federal Reserve does with a fully government agency not allowing anyone to profit off the money the government needs. Banks can be more frugal and not overextend themselves so there is no need for central banks. Banking should be opened up and insured by assets, currently banks don't really give any money for depositing money so their use is limited only to keeping money safe and lending money.
Central Banks are bad just like political parties and unregulated fake news outlets are bad. If we want to have a bright future we need to eliminate them. All countries need to balance their books and put their payables and receivables to zero and stop paying all interest.
Switzerland could be the new world bank with the WWE and facilitate loans between governments on in the capacity of the record of the transaction and adjusting the value of that country's currency against the WorldWide Currency. If China lends the USA 1 trillion CNY then the USA will receive the equivalent in WWE and the value of Chinese currency will go down because they have sacrificed that money and the value of US currency will go up because of the cash influx. Currencies will no longer be traded like stocks. Then at the end of the year even if the physical money is not returned from the USA back to China the bank in Switzerland can balance the books by then lowering the value of US currency and increasing the value of Chinese currency. One time service fees can be implemented by the lender and the Switzerland world bank but no more interest payments.
This system could truly make central banks obsolete as well as interest payments.
Solutions, Solutions, Solutions, if you don't have one you are part of the problem.
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08-23-20 20:26 #1197
Posts: 2344Originally Posted by George90 [View Original Post]Originally Posted by George90 [View Original Post]Originally Posted by George90 [View Original Post]
Originally Posted by George90 [View Original Post]
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08-23-20 19:10 #1196
Posts: 2344Originally Posted by MasterMonger [View Original Post]
I know the current Chairman of the Federal Reserve is Jerome Powell, and Mr. Powell was appointed to the chairmanship by the United States President.
But who the hell is the current Fed President?
Originally Posted by MasterMonger [View Original Post]
I think they are calling on you to assassinate the current President of the Federal Reserve!
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08-23-20 18:54 #1195
Posts: 2374Originally Posted by George90 [View Original Post]
What is the place of the Federal Reserve System in the American financial and economic structure?
Prior to the Federal Reserve's founding in 1913, USA Monetary policy was conducted by the Treasury. Like the Fed, it had district sub-treasuries that performed nearly all the financial functions that the Fed later took over: providing credit to move the crops in autumn, managing government debt, and so forth.
But after the severe 1907 financial crisis, a National Monetary Commission was reformed. Under the then-Republican administration, it recognized a need for more active government intervention to prevent future financial crises. It also recognized the desirability of moving away from the Anglo-Dutch-American system of "merchant banking" based on short-term lending against collateral in place, or for shipping of goods already produced. The National Monetary Commission's longest volumes were on the great German industrial banks, and Republican policy aimed at bringing banking into the industrial era, to provide long-term funding after the model of German and other Central European banks.
However, the leading bankers sought to use the crisis as an opportunity to grab power for Wall Street, away from the Treasury. In this sense, the Fed was founded in large part to take monetary control away from Washington's elected officials and appointees, and privatize the supply of money and credit.
So its place in the USA Financial and economic structure is to allocate credit, primarily to serve Wall Street financial interests. That explains the insistence on the financial class here and abroad in insisting on an "independent" central bank. It means that instead of serving the public interest, it serves the interests of the banking class. The hoped-for transformation of commercial banking into long-term industrial banking was not achieved.
Can we imagine the global economic system without Federal Reserve today? If yes / no, why?
As David Kinley's book for the National Monetary Commission pointed out a century ago, nearly all the financial functions performed by the Fed already were performed by the national Treasury. In more recent times, Milton Friedman and his University of Chicago colleagues suggested that the entire Fed could be reduced to a single desk inside the Treasury. The "Chicago Plan" of the 1930's urged Treasury control, as does Congressman Dennis Kucinich's current bank reform.
There is no inherent need for a monetary agency to exist outside of the national government, except to serve the interests of the financial class as distinct from those of government, industry and labor. And the banking sector's business plan is to load down real estate, labor, industry and the government with as much interest-bearing debt as possible.
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08-23-20 17:49 #1194
Posts: 881Yes! Educate Yourselves!
Originally Posted by MasterMonger [View Original Post]
Master Monger wants to put forth an ultimate solution to central banking. He proposes a system of local currencies, accepted in only one country each, along side one international currency, accepted in all countries, and giving the public the option of transacting in either the local currency of their country or the international currency.
I hope what Master Monger is proposing sounds familiar to European posters. I think it should! It is NOT a new idea! When the euro was being negotiated during the 1990's, the idea of each country keeping their own domestic currency and simply adding the euro to each country was debated. The residents of each country in the Union would have the option of transacting in either the euro or their own currency, as MM proposes.
MM believes that arrangement would eliminate the need for a central banking system. He is very incorrect on that point. It would necessitate the need for TWO central banking systems in each country. The domestic ones whose existences continue, and the international one whose existence is new. I do not know the details of those euro debates. I only know the result. It was rejected in favor of the current 'all in, or all out' arrangement. I suspect the need for two central banking systems was a factor. Britain notably chose the 'all out' option.
So, yes, educate yourselves about what you choose to talk about before talking about it. I may have to eat my words on that point because I am not knowledgeable about the euro debates and can be incorrect about some details.
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08-23-20 06:20 #1193
Posts: 327Educate yourself
Too many people are brainwashed in America. They either actually believe all the lies or are too scared to rock the boat to do anything about it. Trust me though, they wouldn't be going after the guns so hard if they were not actually afraid of the people.
That Oliver Stone's Documentary series is actually called "The Untold History of the United States" https://www.imdb.com/title/tt1494191/. It has like 12 episodes but it is worth watching. Listen closely to everything he says and also pay close attention to what is happening on the screen. You might have to watch it twice to catch all the information presented.
The laws concerning the Federal Reserve have constantly been changing with the latest Change almost eliminating the Dodd-Frank act just a couple of years ago. Eliminating the Federal Reserve and the entire central banking system would be the best solution not only for the USA but for every country in the World.
Central banking does make it slightly easier to do business overseas but that good point does not compensate the citizens of each Nation for losing the Trillions of Dollars the Central banks make in interest lending and borrowing money back and forth between countries. It makes it way too easy for the government to steal money from the taxpayers as well because the government can give money or receive money without the permission or the oversight from the citizens of the nation.
The ultimate solution would be a "bitcoin like" currency accepted in all countries and distributed from all ATMs around the world. You can either choose the local currency or the "bitcoin like" physical currency that all countries recognize. This would eliminate the need for central banking and make it easy for all businesses to do business around the world. You would never exchange USD for CAD again, instead you exchange USD for WWC "World Wide Currency" then exchange any WWC you have left back into whatever currency you like or just use it your home country. The US Dollar almost plays this role now but many countries are still resistant Because they dislike the US. Allowing Switzerland to print this new WWC would see every ATM in the world have this currency overnight. Every shop and store in the world could then start accepting local currency and / or WWC.
Education is the first step but finding the solutions to the problems is the ultimate goal!
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08-22-20 14:20 #1192
Posts: 881Reply Rant to Recent Fed Rants
I have been reading, with prurient interest, the posts of there last week or so about central banking systems. Most posters succeeded in demonstrating their gross ignorance of the Federal Reserve System (The Fed), the central bank of the United States. I took Introduction to Macroeconomics in college, several decades ago now, but I was not so stupid, or asleep in class, that I forgot the basics of what I learned. Almost half the course was about monetary economics which included The Fed (the other half was fiscal economics, meaning Government budgets: taxation and spending). I kept many of my old textbooks, and economics was one. The good thing is that the laws relating the the functioning of The Fed have not changed since 1913 so my 1980 something textbook is still valid for that area.
Most egregious area of correction: Master Monger earns the award of Master Idiot for the most ridiculous, the most incorrect, most ludicrous statement of all the posts. In his post of Aug 19 (4:14 pm), Master Monger stated that The Fed has a President who is appointed by the World Bank. Most other posters corrected him, but only partially. Guys this stuff is from Macro-Econ 101! The Fed is led by a Board of Governors (BoG) composed of 12 governors, one for each Federal Reserve District. The BoG is led by a Chairman who is appointed by the President of the US to a term of 5 years.
I am not going to go over the rest of Master Monger's errors and inaccuracies. But if other posters are going to correct him, have a reference book at hand. Or at least go to The Fed's website. I mean everyone here is actually ON THE WEB AS WE WRITE! The URL is www (dot) federalreserve (dot) gov. They have a HUGE data base of monetary economics issues and Fed issues. There are links to the history of The Fed, its structure, its functions, its mandate, its goals and priorities.
I think Master Monger is a lost cause, there is no cure for whatever ails him. But you other guys, get your acts together. Criticize Master Monger with the complete set of accurate facts!
Rant over.