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  • End the Fed Campaign

    My blood is boiling. Watching the congressional hearings , Paulson even said in front of the Congress that Joe Six Pack should be "angry and scared about what is happening now. Unfortunately he is more angry than scared...."

    Wtf is that? Joe 6 pack shoul be peeing in his pans instead of being outraged??? Is he unhappy we are not as dumb and numb to be soft clay for the Problem-Reaction-Solution scam???

    I think they pushed us too far this time. I believe the root cause of all problems is a corrupt private corporation that was put in charge with the taxpayer money. I'm talking about the Federal Reserve System.

    Since there are a lot of smart and knowledgeable people, here on iTulip, what would you say about creating an End the Fed manifesto/declaration.

    I'm thinking about a few documents:
    a) a short one pager in simple and clear terms that anybody can understand. I was thinking maybe it should start like this:
    When, in the course of human events, it becomes necessary for one people to dissolve the political economic and financial bonds which have brought them into misery, and to assume among the financial powers of the earth, the separate and equal station to which the laws of nature and of nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

    We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty, economic stability, financial security and the pursuit of happiness. That to secure these rights, governments and institutions are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government or financial system, becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government and a new financial system, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness.

    Prudence, indeed, will dictate that governments and financial systems long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, theft and fraud, pursuing invariably the same object evinces a design to reduce them under absolute despotism or slavery, it is their right, it is their duty, to throw off such government and such financial institutions, and to provide new guards for their future security.

    Such has been the patient sufferance of these United States of America; and such is now the necessity which constrains them to alter their former systems of government and banking. The history of the present Federal Reserve System is a history of repeated injuries, frauds, bubble, crisis corruption and usurpations, all having in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world.

    [...]
    b) a document containing a brief and point by point indictment of... "King Ben"
    c) a short, concise and true history of the Fed including details on why the previous US central banks were dismantled.
    d) a longer document describing why exactly fed is a source of financial and political corruption and why it creates a system of peonage (debt slavery) for the average citizen while being extremely profitable for billionaires.
    e) a short document explaining why the elimination of the Fed would NOT result in a catastrophe and what are the immediate short term measures/options that can restore economic stability ( why no disaster would happen if we can get rid of the Fed and do the right things)
    f) a list of long term solutions and systems that would not result in the creation of the new Fed by market manipulations (such as they happened in 1907) and would insure that markets will remain free, fair and open.
    It would be preferable to have a few different options/solutions presented here, because it is for The People to decide what should be the Financial Final Solution for corrupt bankers.

    What do you say about this idea? is there any merit? Can it be done in a better way? Would you support such a project by distribution or/and contributions?

    (EJ and Fred , if a debate on such a subject is against official iTulip position, principles or business strategy in any way, shape or form, please lock this thread immediately, let me know, and I'll pursue this issue somewhere else)

  • #2
    Re: End the Fed Campaign

    Originally posted by $#* View Post
    My blood is boiling. Watching the congressional hearings , Paulson even said in front of the Congress that Joe Six Pack should be "angry and scared about what is happening now. Unfortunately he is more angry than scared...."

    Wtf is that? Joe 6 pack shoul be peeing in his pans instead of being outraged??? Is he unhappy we are not as dumb and numb to be soft clay for the Problem-Reaction-Solution scam???

    I think they pushed us too far this time. I believe the root cause of all problems is a corrupt private corporation that was put in charge with the taxpayer money. I'm talking about the Federal Reserve System.

    Since there are a lot of smart and knowledgeable people, here on iTulip, what would you say about creating an End the Fed manifesto/declaration.

    I'm thinking about a few documents:
    a) a short one pager in simple and clear terms that anybody can understand. I was thinking maybe it should start like this:

    b) a document containing a brief and point by point indictment of... "King Ben"
    c) a short, concise and true history of the Fed including details on why the previous US central banks were dismantled.
    d) a longer document describing why exactly fed is a source of financial and political corruption and why it creates a system of peonage (debt slavery) for the average citizen while being extremely profitable for billionaires.
    e) a short document explaining why the elimination of the Fed would NOT result in a catastrophe and what are the immediate short term measures/options that can restore economic stability ( why no disaster would happen if we can get rid of the Fed and do the right things)
    f) a list of long term solutions and systems that would not result in the creation of the new Fed by market manipulations (such as they happened in 1907) and would insure that markets will remain free, fair and open.
    It would be preferable to have a few different options/solutions presented here, because it is for The People to decide what should be the Financial Final Solution for corrupt bankers.

    What do you say about this idea? is there any merit? Can it be done in a better way? Would you support such a project by distribution or/and contributions?

    (EJ and Fred , if a debate on such a subject is against official iTulip position, principles or business strategy in any way, shape or form, please lock this thread immediately, let me know, and I'll pursue this issue somewhere else)
    I was shopping in costco today, and I looked around in astonishment: considering how little the US exports, isn't it amazing that we have all this CRAP laying around.

    Would the Americans want to give up their crack? You mean, going back to exporting stuff? Isn't it a lot easier just to depose/impose governments on resource-rich nations and have them peg their currencies?

    Comment


    • #3
      Re: End the Fed Campaign

      Originally posted by phirang View Post
      Would the Americans want to give up their crack? You mean, going back to exporting stuff?
      The average american would prefer a good, stable manufacturing job which is payed three times better than a part time Walmart associate position with no benefits whatsoever.

      Originally posted by phirang View Post
      Isn't it a lot easier just to depose/impose governments on resource-rich nations and have them peg their currencies?
      To my knowledge the invasion of Iraq has beneficial only to the corrupt and criminal elite (such as Vice President Cheney-KBR-Halliburton, Blackwater etc) while the average taxpayer (which has a higher tax rate than Warrren Buffet) is in debt to his eyeballs.

      More than that, there are Americans that were lied by a corrupt government who send them to occupy Iraq. They were send there without proper equipments (unarmored Humvees etc) in irrational low numbers by the civilian (liars like Cheney) and uniformed leadership (lap-dog generals of the Powerpoint BullSpin Force) and they were told they have to defend their country.If you would ask those who survived, I guess they wouldn't feel that invading countries for the profit of the elites is a good thing. I've asked a few.

      So the answer to this question depends on what kind of Americans are you talking about.

      Comment


      • #4
        Re: End the Fed Campaign

        Originally posted by $#* View Post
        The average american would prefer a good, stable manufacturing job which is payed three times better than a part time Walmart associate position with no benefits whatsoever.



        To my knowledge the invasion of Iraq has beneficial only to the corrupt and criminal elite (such as Vice President Cheney-KBR-Halliburton, Blackwater etc) while the average taxpayer (which has a higher tax rate than Warrren Buffet) is in debt to his eyeballs.

        More than that, there are Americans that were lied by a corrupt government who send them to occupy Iraq. They were send there without proper equipments (unarmored Humvees etc) in irrational low numbers by the civilian (liars like Cheney) and uniformed leadership (lap-dog generals of the Powerpoint BullSpin Force) and thy were told they have to defend their country.

        So the answer to this question depends on what kind of Americans are you talkign about.
        The americans who belive the world was made in 7 days...

        Comment


        • #5
          Re: End the Fed Campaign

          Originally posted by phirang View Post
          The americans who belive the world was made in 7 days...
          Not even those, having a biblical vision about the world does not result in abandoning the concept of justice. Although I'm not one of them I don't consider evangelicals a bunch of fanatic idiots, by the contrary. Please wach this evangelical sermon:





          This is not about an issue of evangelicals vs seculars , Christians versus muslims of jews, whites versus black or hispanics, PhD degrees versus high school dropouts, Berkley hippies versus gun totting texas rednecks.

          This is about us versus them, about free men who don't accept slavey versus a corrupt political/financial mafia, it's about the victims versus the the interest rate muggers.

          Of course, this is just my personal opinion.
          Last edited by Supercilious; September 24, 2008, 06:51 PM.

          Comment


          • #6
            Re: End the Fed Campaign

            Originally posted by $#* View Post
            I think they pushed us too far this time. I believe the root cause of all problems is a corrupt private corporation that was put in charge with the taxpayer money. I'm talking about the Federal Reserve System.

            Since there are a lot of smart and knowledgeable people, here on iTulip, what would you say about creating an End the Fed manifesto/declaration.
            Since you asked.

            I find it rather silly, what's next calling the revolution?

            The Fed is not going away soon, that idea is just not realistic, especially now under the current circumstances.

            Comment


            • #7
              Re: End the Fed Campaign

              Originally posted by Tulpen View Post
              Since you asked.

              I find it rather silly, what's next calling the revolution?

              The Fed is not going away soon, that idea is just not realistic, especially now under the current circumstances.
              That's a good point, although I disagree with it. Why exactly you believe it's unrealistic?

              Comment


              • #8
                Re: End the Fed Campaign

                Originally posted by $#* View Post
                Why exactly you believe it's unrealistic?
                No decision makers have even hinted at such an option.

                Comment


                • #9
                  Re: End the Fed Campaign

                  Originally posted by Tulpen View Post
                  No decision makers have even hinted at such an option.
                  ????? What you understand exactly by "decision makers"?

                  Comment


                  • #10
                    Re: End the Fed Campaign

                    Ok I'm not able to make my point in writing. A picture is worth more than a thousands words while a short presentation...


                    Comment


                    • #11
                      Re: End the Fed Campaign

                      I understand your point but the average American is not interested in such politics. For the average American politics is things like what the president thinks about abortion, how he follows the bible, who he had sex with, how vigorously does he want to protect Israel or if he drinks "eco" water or "cares" about the environment.

                      Go to a coffee shop and try to talk real politics, the politics relating to money and wealth, people zone out after 30 seconds and simply do not want to talk with you. Of course there are exceptions, on the one hand there are idealists who stand up for their beliefs and on the other hand marginalized people but these are a very small minority.

                      Of course that may all change in the future. However I fear for parallels with post WWI Germany. The coming depression will hit the common man hard. In that climate the "Wall Street Banker", "gold speculator" or other benefactor will be viewed very negatively.

                      Comment


                      • #12
                        Re: End the Fed Campaign

                        Originally posted by Tulpen View Post
                        I understand your point but the average American is not interested in such politics. For the average American politics is things like what the president thinks about abortion, how he follows the bible, who he had sex with, how vigorously does he want to protect Israel or if he drinks "eco" water or "cares" about the environment.

                        Go to a coffee shop and try to talk real politics, the politics relating to money and wealth, people zone out after 30 seconds and simply do not want to talk with you. Of course there are exceptions, on the one hand there are idealists who stand up for their beliefs and on the other hand marginalized people but these are a very small minority.

                        Of course that may all change in the future. However I fear for parallels with post WWI Germany. The coming depression will hit the common man hard. In that climate the "Wall Street Banker", "gold speculator" or other benefactor will be viewed very negatively.
                        You convinced gold will do well in this environment?

                        Comment


                        • #13
                          Re: End the Fed Campaign

                          Skeptics of gold in this (international fiat - highly TURBULENT) monetary environment will much more likely get mangled by their experimental convictions. The "experimental modern notions" about the significance of gold in this environment are about 40 years old. Those respecting gold in this environment conversely, draw upon thousands of years, and myriad national case studies. You want to play "modern portfolio theory" with your funds in 2010, it is certainly your prerogative - but it is not a very conservative choice historically.

                          Originally posted by phirang View Post
                          You convinced gold will do well in this environment?

                          Comment


                          • #14
                            Re: End the Fed Campaign

                            Originally posted by Tulpen View Post
                            I understand your point but the average American is not interested in such politics. For the average American [...]
                            Absolutely correct, but there was also a time when the average Colonist was not interested in the idea of independence from the British Empire. Well ... at least not until London started to treat the Colonies as milking cows for covering the expenses of their European wars...


                            Originally posted by Tulpen View Post
                            However I fear for parallels with post WWI Germany. The coming depression will hit the common man hard. In that climate the "Wall Street Banker", "gold speculator" or other benefactor will be viewed very negatively.
                            I agree and in such climate of anger you need just a frustrated little agitator to divert the people form the real issues to disaster. Of course if the people have access to a no-BS analysis of the problem and a good solution (or set of solutions) explained in very plain and accessible terms, the little Austrian lunatic may not succeed.

                            I believe that the current Federal Reserve System is the root cause of all corruption, and the very idea of having a steering committee of a consortium of private banks in charge with allocation of taxpayer money and regulating the Wall Street may not be a good idea. (foxes in charge with the safety of the henhouse )

                            Things don't change over night, and I have no doubt that iTulipers will not be The Founding Fathers of the Financial Revolution, ... it would be nice but ain't gonna happen ....

                            Despite that the question still remains: why not to explore the possibility of such a Revolution and why wouldn't be an interesting exercise to create a set of documents that could be very useful if the average American decides that ... "Ya basta!"???

                            Besides, the educational value for people who are not particularly interested in economics, I believe it would be a great opportunity even for iTulipers to learn a lot from each other.

                            Now for starting such an exercise we have to answer to the first questions:
                            Is the current Federal Reserve System the root cause of all out financial troubles?

                            Is the current Federal Reserve System constitutional?

                            Because the inherent interconnectivities produced by Globalization I believe that the comments of non Americans would be more than welcome.

                            So what do you think?

                            Comment


                            • #15
                              Re: End the Fed Campaign

                              yes i believe the greenspan put was an accident/plan waiting to happen. too much power to credit providers. the laws at least need to be changed to make credit providers more exposed to economic risks they finance, and people need to learn to deal with small episodes of pain in return for avoiding massive ones that take longer to build. And I believe executive pay and bonuses need to be regulated so people can't make outrageous fortunes in the bubble phase and therefore don't care about the repercussions.

                              Comment

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