Classic Anti-Federal Reserve Video

[bart]

Re: Baaaarrrt!!!

I'm down with that. I'm on record in these pages as putting it in the top two causes insofar as having blamed the current account deficit on bad monetary policy and tax policy. Just this week we were treated to the spectacle of the Fed Chairman himself bemoaning the low savings rates that naturally result from the low real interest rates that his own institution has fostered. Make it fruitless to save, and then whine about people failing to do so?

Sounds like recipe tailor-made to produce a mess!

Ain't it a b*tch... *sigh*

Maybe we should take up a collection for the FOMC for some cheese to go along with that whine? ;)

[DemonD]

Re: Classic Anti-Federal Reserve Video

Pssst, demondd, good to know my views somehow are OK to be viewed as personal attacks, meanwhile your view of history is not to be questioned. Got it.

Jews consider history revisionists of WWII as personally attacking them, and rightly so.

I could argue points against you but it's an internet message board and I'm not going to take the time because it won't change anything. If we were meeting on a nationally debated stage, I would go to an actual library, see who the authorities are on history, and use generally accepted historical standards in picking my information.

As far as Lincoln being abolitionist, and to basically completely disprove everything you are saying, here is a link to the text of the Lincoln-Douglas debates. I remind you this is before Lincoln ever even ran for president, let alone had his plans for world domination to be the "tyrant" as you so-called describe him:

http://www.nps.gov/archive/liho/debates.htm

Here are a couple of quotes, right from the source:

"I think, and shall try to show, that it is wrong; wrong in its direct effect, letting slavery into Kansas and Nebraska-and wrong in its prospective principle, allowing it to spread to every other part of the wide world, where men can be found inclined to take it."

"This declared indifference, but, as I must think, covert real zeal for the spread of slavery, I cannot but hate. I hate it because of the monstrous injustice of slavery itself. I hate it because it deprives our republican example of its just influence in the world-enables the enemies of free institutions, with plausibility, to taunt us as hypocrites-causes the real friends of freedom to doubt our sincerity, and especially because it forces so many really good men amongst ourselves into an open war with the very fundamental principles of civil liberty-criticizing the Declaration of Independence, and insisting that there is no right principle of action but self-interest."

"But all this, to my judgment, furnishes no more excuse for permitting slavery to go into our own free territory, than it would for reviving the African slave-trade by law. The law which forbids the bringing of slaves from Africa, and that which has so long forbid the taking of them to Nebraska, can hardly be distinguished on any moral principle; and the repeal of the former could find quite as plausible excuses as that of the latter."

[Tet]

Re: Classic Anti-Federal Reserve Video

Jews consider history revisionists of WWII as personally attacking them, and rightly so.

Throwing people in prison for free speech looks more like an attack on them, instead of an attack on you. That's my personnal view shared by many people. Nobody throws people in prison for denying Jesus, but being a revisionist gets you thrown in the slammer, seems pretty screwed up to me. I'm sure the truth would stand up to them, so why not let them have their say.

I could argue points against you but it's an internet message board and I'm not going to take the time because it won't change anything. If we were meeting on a nationally debated stage, I would go to an actual library, see who the authorities are on history, and use generally accepted historical standards in picking my information.

I'm not sure what you mean other than from this it sounds like you haven't read up on the War Between the States very much.

As far as Lincoln being abolitionist, and to basically completely disprove everything you are saying, here is a link to the text of the Lincoln-Douglas debates. I remind you this is before Lincoln ever even ran for president, let alone had his plans for world domination to be the "tyrant" as you so-called describe him:

http://www.nps.gov/archive/liho/debates.htm

Here are a couple of quotes, right from the source:

"I think, and shall try to show, that it is wrong; wrong in its direct effect, letting slavery into Kansas and Nebraska-and wrong in its prospective principle, allowing it to spread to every other part of the wide world, where men can be found inclined to take it."

"This declared indifference, but, as I must think, covert real zeal for the spread of slavery, I cannot but hate. I hate it because of the monstrous injustice of slavery itself. I hate it because it deprives our republican example of its just influence in the world-enables the enemies of free institutions, with plausibility, to taunt us as hypocrites-causes the real friends of freedom to doubt our sincerity, and especially because it forces so many really good men amongst ourselves into an open war with the very fundamental principles of civil liberty-criticizing the Declaration of Independence, and insisting that there is no right principle of action but self-interest."

"But all this, to my judgment, furnishes no more excuse for permitting slavery to go into our own free territory, than it would for reviving the African slave-trade by law. The law which forbids the bringing of slaves from Africa, and that which has so long forbid the taking of them to Nebraska, can hardly be distinguished on any moral principle; and the repeal of the former could find quite as plausible excuses as that of the latter."

Reading through the debate further you find this from Lincoln.
I have no purpose, directly or indirectly, to interfere with the institution of slavery in the states where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.

Having an understanding of democrat and republican for the time period would be helpful. There are two huge issues during the time period. Dred Scott and the Nebraska Act, both are used by Lincoln as a way to play on northern fears of the South spreading slavery into the north and into Free Territories where Slavery had been voted down. This is what Lincoln is playing on in the debate, the fear that northerners had of blacks and blacks along with slavery being allowed into the north.

Sending escaped slaves back to the south was one thing Lincoln supported, this is my point about why Lincoln is no friend of the abolishsionists. Now Dred Scott and the Nebraska Act allow a southern slave owner to take his slaves to free states or free territories and have them remain slaves. Lincoln makes the point that this is wrong, rightfully so, because what right does the slave owner have to go to another state and break their laws. Lincoln now infers that the Constitution has been abandoned and those states that formally viewed themselves as free states no longer were. I realize this escapes you but Lincoln is argueing his case that slavery is spreading to the north, not that Lincoln is going to do away with slavery in the south.

[Finster]

Re: Classic Anti-Federal Reserve Video

The net result of the Civil War was the conquest of the States by the Federal government. It established federal hegemony through military force. It ended government by consent of the governed.

The final nail in the Republics coffin.

It was certainly the beginning of the end. It was the beginning in the sense that it laid the predicate for several notable decrements in our national health.

Each built upon the ones preceding it:

1913 - Institution of a national central bank.

1913 - Institution of a national income tax.

1914-1917 - World War I and Wilson's imperial drive to "make the world safe for democracy" (facilitated by the first two)

1933 - FDR's abrogation of the gold standard for Americans and confiscation of gold.

1971 - Nixon's closing of the gold window ... finished what Roosevelt started in 1933.

[Tet]

Re: Classic Anti-Federal Reserve Video

It was certainly the beginning of the end. It was the beginning in the sense that it laid the predicate for several notable decrements in our national health.

Each built upon the ones preceding it:

1913 - Institution of a national central bank.

1913 - Institution of a national income tax.

1914-1917 - World War I and Wilson's imperial drive to "make the world safe for democracy" (facilitated by the first two)

1933 - FDR's abrogation of the gold standard for Americans and confiscation of gold.

1971 - Nixon's closing of the gold window ... finished what Roosevelt started in 1933.

Globally this 1860's - 1870's time period is very interesting. I think this period might mark the high water level of the British Empire, I notice the brits were never embarassed to use the word Empire. Britian has a victory in the Crimean War, effectively denying Russia their warm water port. Trade between Russia and the US up until this time period was booming and afterwards it drops to a trickle. I believe even today the Anglo Empire does everything it can to keep Russia from entering the world stage. I think 1870 another Empire begins with the introduction of the Japanese Yen and Japan will be used to neutralize Russia as well. The 1870's also introduce the Opium Wars to China and China is of course destroyed as a threat to the British Empire from this.

All these events are playing out again today. Afghanistan War brings us world record levels of opium production. Poland, Ukraine and Georgia deny Russian goods to sell in different currencies. Iraq seems to be another extention of the Crimean War. Maybe history does repeat.

[bart]

Re: Classic Anti-Federal Reserve Video

Globally this 1860's - 1870's time period is very interesting. I think this period might mark the high water level of the British Empire, I notice the brits were never embarrassed to use the word Empire.
...

Indeed and agreed.

[Finster]

Re: Classic Anti-Federal Reserve Video

Indeed and agreed.

[chart]

And consider that during the 1970's that drop of the GBP compared to the USD occured at a time of especially steep inflationary depreciation of the USD iself. Our inflation problem was bad enough, theirs even worse.

Course they had a central bank, too ...

[bart]

Re: Classic Anti-Federal Reserve Video

And consider that during the 1970's that drop of the GBP compared to the USD occured at a time of especially steep inflationary depreciation of the USD iself. Our inflation problem was bad enough, theirs even worse.

Course they had a central bank, too ...

Ir must be a coincidence about both having central banks and people who knew how to use them... ;)

The slope of that FDI chart sure could be a great design for a water slide or ski slope... is that what they mean about the slippery slope of inflation? ;)