End the Fed Campaign

[Supercilious]

Re: End the Fed Campaign

the laws at least need to be changed to make credit providers more exposed to economic risks they finance,

Marvenger, as far as I know, the law is changed right now: it's called the Emergency Stabilization Act of 2008 ( aka Grand Theft Bailauto ) and all those idiots who produced this mess blinded by greed and stupidity are automatically bailed out by the taxpayer. And all this is orchestrated by the Fed ( well... in collusion with a well known ex Goldman Sachs executive... and with various Wall Street assets on the Hill)

We are all hostages to these scam artists. If the people and the Congress refuse to accept the "rescue plan" , Ka-Boom ... another Great Depression ... and they can do it... no doubt about that ... they have their finger on the trigger.

Who gave them this extraordinary power? We did, because we were scared (in 1907) into believing their illusory promises of financial stability...

We are experiencing a case of self induced serfdom/debt-slavery.

Wouldn't be logical to take first their ability and power to hold us hostage?
Because, if the Federal Reserve System is gone, they can still hurt us to some extent, but we break free from the slave pen.. and that would be a good first step.

[Supercilious]

Re: End the Fed Campaign

Hmmm.. Ok . I'll go back to presentations...

Here is some old but good stuff:

[jimmygu3]

Re: End the Fed Campaign

Rode my bike past the Atlanta Fed today and there was a single guy on the corner holding a sign that said: "SAVE THE DOLLAR: END THE FED".

[Tulpen]

Re: End the Fed Campaign

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?

Well I think the the root cause of all corruption is not any institution but human nature. Any political system, institution, organization or ideology cannot undo that simple fact.

[Supercilious]

Re: End the Fed Campaign

Well I think the the root cause of all corruption is not any institution but human nature.

You are right about the role of the human nature, but blaming it all on the human nature is an attempt to absolve us of our collective irresponsibility.

If you leave a six year old child, home alone for four hours, with matches (or a lighter), paper and a bottle of gasoline in his room, I can guarantee you that, by the time you return, you will find a lot of fire engines on your street and you would be lucky to find you child with minor burns and minor toxic smoke inhalation.
That is because playing with fire in an irresponsible way is in the human nature at the age of six. Who would be blamed:
- the child that started the fire?
- the human nature of a six year old?
- the irresponsible parent who leaves his first grader home alone for four hours, with matches and flammable materials.

IMHO opinion if you don't want to find your house in FIRE (pun intended) and your child (banking system) severely injured or dead, there are some simple commonsense guidelines.
- a six year old should not be let unsupervised for a moment.Period. If you have to go somewhere, get a reliable and mature babysitter (The SEC, FTC and others are a nothing but a joke these days)
- matches+flammable materials and kids don't mix. Any six year old is compelled to start a fire if opportunity exists. Public debt + taxpayer's money and private banks don't mix. Any private bank (club), such as the Fed, is compelled to start a FIRE (economy in perpetual crisis) if opportunity exists.
That's the human nature
- even if all precautions are taken you should remember you are the responsible adult (taxpayer/voter) and you make the rules. Young children or private banks are always testing the boundaries of authority and thy are always trying to push them further in an irresponsible manner. A good parent (citizen) should not allow his children (banks and financial institution) to make their own rules or bend the existing ones beyond all recognition. Doing that would be irresponsible. Look what happened to the Glass-Steagall Act that was created after The Great Depression in order to prevent irresponsible behavior on the Wall Street:
http://www.pbs.org/wgbh/pages/frontl...ll/demise.html

Any political system, institution, organization or ideology cannot undo that simple fact.

That is true. If you read any of the Great Books, you may find that even God is severely frustrated with the human nature. Any such attempt would be futile.

But if we stop being irresponsible, dumb and careless citizens (society stakeholders) the current crisis can be solved fast in a very efficient and viable manner. If we continue to be dumb and irresponsible our predicament becomes inevitable. We deserve to become debt slaves.

That's why I'm saying: End the Fed!

[Supercilious]

Re: End the Fed Campaign

Rode my bike past the Atlanta Fed today and there was a single guy on the corner holding a sign that said: "SAVE THE DOLLAR: END THE FED".

Please jimmygu, next time when you get in the area, stop for a few minutes to hold that sign, or just tell him he's doing the right thing, .... or, if you are in a rush, simply give him a thumbs up ...

[fightthepower]

Re: End the Fed Campaign

I saw the same guy, I honked my horn and gave him the thumbs up!

[Supercilious]

Re: End the Fed Campaign

I saw the same guy, I honked my horn and gave him the thumbs up!

Great !!! I bet in meant a lot for him.

[marvenger]

Re: End the Fed Campaign

hey, sorry for the late reply. yeah the FED was created so creditors could get bailed out, or more to the point very rich creditors who don't want to risk their privelege to earn unimaginable amounts of interest off everyone could get bailed out, which is BS, so.... END THE FED!

[Supercilious]

Re: End the Fed Campaign

hey, sorry for the late reply. yeah the FED was created so creditors could get bailed out, or more to the point very rich creditors who don't want to risk their privelege to earn unimaginable amounts of interest off everyone could get bailed out, which is BS, so.... END THE FED!

Good!!! Thanks for reply.

[jimmygu3]

Re: End the Fed Campaign

Please jimmygu, next time when you get in the area, stop for a few minutes to hold that sign, or just tell him he's doing the right thing, .... or, if you are in a rush, simply give him a thumbs up ...

UPDATE: Yesterday there were about 40 people holding signs outside the Fed, with things like "Honk If You Don't Want To Give Your Money Away To Wall Street", and some piggybacking "Honk If You Want To Bring Our Troops Home".

There was a hell of a lot of honking and I thanked the lady near me for getting out there.

I don't think ending the Fed is the right step at this time, but I like the sentiment. Fight the power!

[Supercilious]

Re: End the Fed Campaign

UPDATE: Yesterday there were about 40 people holding signs outside the Fed, with things like "Honk If You Don't Want To Give Your Money Away To Wall Street", and some piggybacking "Honk If You Want To Bring Our Troops Home".

There was a hell of a lot of honking and I thanked the lady near me for getting out there.

These are now just the idealist. Soon they will be joined by those who are financially hurt (don't have money for cable so they cannot watch anymore the Jerry Springer Show and American Idol)

I don't think ending the Fed is the right step at this time, but I like the sentiment.

Not right away tomorrow (Oct., 4th , 2008), but IMHO we should get rid of the Fed ASAP.

Fight the power!

Fight the Wall Street Tax!

[metalman]

Re: End the Fed Campaign

These are now just the idealist. Soon they will be joined by those who are financially hurt (don't have money for cable so they cannot watch anymore the Jerry Springer Show and American Idol)

why the contempt for your fellow americans? most re just too friggin busy living their two income, debt serf lives.

[Supercilious]

Re: End the Fed Campaign

why the contempt for your fellow americans? most re just too friggin busy living their two income, debt serf lives.

Wrong call. It's not contempt. I'm just annoyed with the sheeple. Being debt serf slave is not an excuse to be mesmerized by the Jerry Springer Show, by the contrary.

Corollary being a lazy investor and sitting on gold is not an excuse for being preoccupied just with cynical and misplaced lady doth like that of... well... A Woman of No Importance