American Politics

[QUOTE=MasterMonger;2476617]The Federal Reserve was created by an ACT of Congress in 1913 just like every central banking system in every country around the world because The government has to give up the power of controlling the currency of a country. There are only 12 central bank locations in the US but they have also been granted the ability to regulate and partially control all comercial banks..[/QUOTE]The government has to give up the power of controlling the currency of a country? The government "has to"? The USA Did not has to give up this power, yet Congress was lobbied and they did. How this was made to happen has been well-documented. The short story: "Give me control of a nation's money supply, and I care not who makes its laws," Amchel Rothschild. Americans are owned and will be until they End The Fed!

[QUOTE=MasterMonger;2476617]The Federal Reserve which is The central banking system is not a part of the federal government just as Federal Express package delivery is not part of the federal government. You could double check this before making statements that make you sound uneducated by searching the internet, going to a library, or phoning a friend with an IQ over 115.

The Federal Reserve was created by an ACT of Congress in 1913 just like every central banking system in every country around the world because The government has to give up the power of controlling the currency of a country. There are only 12 central bank locations in the US but they have also been granted the ability to regulate and partially control all comercial banks.

The Federal Reserve has a President appointed By the World Bank and has 12 board members, of which many are also board members of the World Bank and or the International Monetary Fund. The US government has no control of the Federal Reserve and the Federal Reserve can stop lending money to the US government anytime they wish. They can also jack up the interest rate anytime a country gets out of line, like Argentina which is currently experiencing a 35% interest rate.

I know this is a shocking revelation but Please check the internet or any other reputable source before making any more foolish comments about the validity of what is written here.

News media controlled by the people and paid for by our taxes so they can not be influenced would be similar to PBS or NPR. Although, we need to take it one step further and make it completely transparent to the public and also we need to start tax auditing all government employees and their family members and make those Audits public record. There should be no wealth or privacy for government officials.

My concept of removing manipulation of the wealthy on the government and news media is so far from the system in China that I can only assume one of two things.

You "ScatManDoo" are working with someone to spread disinformation or you really have no concept of world politics especially in China and the US.

Please people educate yourselves before speaking or sharing your opinions.[/QUOTE]For someone telling people to check their sources / information the post above is not an example of that. Chairman of the Federal Reserve being appointed by the World Bank. Not so. In reality appointed by the President of the United States. Among other pieces of misinformation, or disinformation as he puts it.

[QUOTE=MasterMonger;2476617]The Federal Reserve has a President appointed By the World Bank .,.

.,.You "ScatManDoo" are working with someone to spread disinformation or you really have no concept of world politics especially in China and the US.

Please people educate yourselves before speaking or sharing your opinions.[/QUOTE]I think when MasterMonger went back to his "sources of information" for the list of the last five Presidents of the Federal Reserve, it listed Homer, Marge, Bart, Lisa and Maggie Simpson.

This book describes the invention of the Federal Reserve by a secret cabal of banksters. The President appoints the chairman for a fixed term. But Is the president only allowed to choose from among a pre-selected ("trusted") group approved by the current secret cabal of banksters?

[QUOTE=Zeos1;2476712]For someone telling people to check their sources / information the post above is not an example of that. Chairman of the Federal Reserve being appointed by the World Bank. Not so. In reality appointed by the President of the United States. Among other pieces of misinformation, or disinformation as he puts it.[/QUOTE]That's why this is the American Politics thread, the truth in American politics is whatever you and your followers want it to be. Even when the truth stares you in your face, you can claim its fake news as many people do these days. There is no more fact-checking in politics.

[QUOTE=ScatManDoo;2476697]Also per wikipedia: The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23,1913. The law created the Federal Reserve System, the central banking system of the United States. To lead the Federal Reserve System, the act established the Federal Reserve Board of Governors, members of which are appointed by the president.

Recent tradition has the President of United States appointing a chairman to the Federal Reserve around the middle of their term in office, around the time of off-year elections. Corporate shareholders elect the President (and probably other officers) serving Fedex.

The federal reserve prints and creates money, which is something that your earlier posts, clearly demonstrated you were painfully ignorant of.[/QUOTE]You read the first 5 lines of Wikipedia and think you understand anything, so cute.

The president does have the ability to select the members of the board of governors and from that board he can select one of them to be the president. That much of what you said is true.

The senate is given a list of candidates from representatives of the World Bank and they pass that list on to the President Of the United States. If he chooses a name from the list as a new member of the board of governors the senate will approve his choice. If he chooses another name not on the list the senate will contact the world bank and ask if this name is acceptable and if the World Bank says "no problem" the senate will approve the choice. If the World Bank says "No Way". The senate will not ratify the President's choice and the process starts over again.

If I give you a list of women and say pick one from this list to be your wife. Although, if you choose someone else not on the list you will not be granted a marriage certificate. Did you choose your wife or did I choose your wife?

The Federal Reserve has no government employees, they take no funding from the government and make money off of short term loans, usually to other countries, and other investments. The do tell the government periodically what they are doing but do not have to heed the words of anyone in the government.

The only way their power can removed is by an act of Congress and they already have enough Senators in their pocket to make that very difficult.

The Dodd-Frank act of 2008 was a major blow to the Federal Reserve's power after costing the American People about $22 Trillion dollars in lost money after the housing market crash of 2008.

Thanks to Congress and Trump, that act was partially repealed on May 24,2018. This is why the COVID-19 market crash in April was so bad And it looks like the next big crash is just around the corner.

Again the World bank controls the Federal Reserve although they have no interest in the measly $100 Billion the Federal Reserve in Washington profits ever year. For those who don't believe the world bank owns the Federal Reserve just look at the 12 central banks in the US.

The Number 2 central bank which is the most powerful and wealthy is New York of which The Rothschilds and 7 other families own more than 80%. Of course the Rothschilds have the controlling share at about 25%. The Rothschilds also own a piece of all other 11 central banks in the US.

If you don't know The Rothschilds control the World Bank and International Monetary Fund you have probably been sleeping through the last century.

This is public information you can look it up.

Scat you are a pretty rude guy but that is common for people without education or culture so I will just ignore your childish attempts at insults.

GolfinHo don't give up.

Hope the people can take back control of the US government anytime they decide to put down the fast food and phones and March on Washington to replace the government officials and eliminate all political parties and stop the government officials from accepting money from outside sources.

The police and the Military will stand with the people of there is more than 10,000,000 people at the gates of Congress.

Do more research and learn more about the real truth!

Documentaries your should watch: Oliver Stone's Series The Truth about America, Loose Change, Zeitgeist.

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.

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" [URL]https://www.imdb.com/title/tt1494191/.[/URL] 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!

[QUOTE=MasterMonger;2477544](snip)
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![/QUOTE]OK. Here I go again. I apologize to the smart and sane posters who may read this.

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 [I]euro[/I] was being negotiated during the 1990's, the idea of each country keeping their own domestic currency and simply adding the [I]euro[/I] to each country was debated. The residents of each country in the Union would have the option of transacting in either the [I]euro[/I] 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 [B]TWO[/B] 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 [I]euro[/I] 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 [B]before[/B] talking about it. I may have to eat my words on that point because I am not knowledgeable about the [I]euro[/I] debates and can be incorrect about some details.

[QUOTE=George90;2477412]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....[/QUOTE]In your forty-year-old textbooks, how's the shadow economy discussed? Our favorite economist: Michael Hudson, who can tell what you need to know about The Fed:

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.

[QUOTE=MasterMonger;2476617]The Federal Reserve which is The central banking system is not a part of the federal government just as Federal Express package delivery is not part of the federal government. You could double check this before making statements that make you sound uneducated by searching the internet, going to a library, or phoning a friend with an IQ over 115.

The Federal Reserve was created by an ACT of Congress in 1913 just like every central banking system in every country around the world because The government has to give up the power of controlling the currency of a country. There are only 12 central bank locations in the US but they have also been granted the ability to regulate and partially control all comercial banks.

The Federal Reserve has a President appointed By the World Bank [/QUOTE]Who is the current Federal Reserve President that was appointed by the World Bank?

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?

[QUOTE=MasterMonger;2476617]You "ScatManDoo" are working with someone to spread disinformation or you really have no concept of world politics especially in China and the US.

Please people educate yourselves before speaking or sharing your opinions.[/QUOTE]Are you specifically an Oliver Stone worshiper or a general conspiracy worshiper?

I think they are calling on you to assassinate the current President of the Federal Reserve!

[QUOTE=George90;2477412]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.

Rant over.[/QUOTE][QUOTE=George90;2477412]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.[/QUOTE][QUOTE=George90;2477412]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.[/QUOTE]You mean rant incomplete, or in process?

[QUOTE=George90;2477412]Most other posters corrected him, but only partially.
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.
But you other guys, get your acts together. Criticize Master Monger with the complete set of accurate facts![/QUOTE]Are we to do what you say, and not what you did?

[QUOTE=ScatManDoo;2477693]Who is the current Federal Reserve President that was appointed by the World Bank?

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?

Are you specifically an Oliver Stone worshiper or a general conspiracy worshiper?

I think they are calling on you to assassinate the current President of the Federal Reserve.[/QUOTE]ScatManDoo and George90 please ignore my future posts by clicking on my name and selecting ignore as you both lack the intellectual capacity to understand them.

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.

[QUOTE=MasterMonger;2476617]The Federal Reserve has a President appointed By the World Bank [/QUOTE]No matter how many times you repeat this stupidity, it still remains untrue.

There is no President of the Federal Reserve.

[QUOTE=MasterMonger;2477779]ScatManDoo even joking about assassinating someone is a crime, apparently something else you are clearly unaware of.[/QUOTE]You are clearly unaware that there is no President of the Federal Reserve. If I tell you to go assassinate Fred Flintstone, are you going to try to threaten to get me arrested for that?

[QUOTE=MasterMonger;2476617]I know this is a shocking revelation but Please check the internet or any other reputable source before making any more foolish comments about the validity of what is written here.
Please people educate yourselves before speaking or sharing your opinions.[/QUOTE][QUOTE=MasterMonger;2477779]Now the gloves come off and I will make you look like the foolish person you really are.

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.[/QUOTE]I guess the "Master Attorney" using the handle Master Monger, does not know much, if anything, about the legal context of "standing". I wound not have the standing needed to succeed in such a lawsuit.

[QUOTE=MasterMonger;2476617]The Federal Reserve has a President appointed By the World Bank [/QUOTE]The Federal Reserve has no officer with the title President.

Got it McFly?

[QUOTE=MasterMonger;2477779]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.[/QUOTE]You have not clearly explained (or even stated) who the current President of the Federal Reserve it.

Who is it McFly?