Comments on: A Visual Guide to the Federal Reserve http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Marie http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-48889 Marie Sat, 22 May 2010 01:07:44 +0000 http://www.mint.com/blog/?p=3339#comment-48889 Bill - Your comment is a waste of bandwidth - no substance, just a childish personal attack in lieu of an actual argument. Bill -

Your comment is a waste of bandwidth – no substance, just a childish personal attack in lieu of an actual argument.

]]> By: Ken http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-46403 Ken Fri, 12 Mar 2010 17:52:57 +0000 http://www.mint.com/blog/?p=3339#comment-46403 Never trust a comedian that is also a Republican! Never trust a comedian that is also a Republican! ]]> By: William Darnell http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-46296 William Darnell Tue, 09 Mar 2010 02:36:16 +0000 http://www.mint.com/blog/?p=3339#comment-46296 Antonio is spot on! I am curious as to how the Fed, the treasury, and the key players in the economic scud managed to play favorites right in front of congress the president etc. when the bailout money was doled out. This showed me that there is something very fishy at the Fed. These cronies robbed us blind and called everyone who questioned the scam, a conspiracy theorist. Regular folks on the web with vivid imaginations about the conspiracy thing do exist, but my friends there is something seriously wrong with the system. I don't don't think foriegn interests own the Fed, but they sure have their stinky little claws in it. If there has ever been a real audit of the Fed, I want to see it. It should be public record right? You dummies who believe the thing is legitimate and working in the best interest of America are simply stupid! Antonio is spot on! I am curious as to how the Fed, the treasury, and the key players in the economic scud managed to play favorites right in front of congress the president etc. when the bailout money was doled out. This showed me that there is something very fishy at the Fed. These cronies robbed us blind and called everyone who questioned the scam, a conspiracy theorist. Regular folks on the web with vivid imaginations about the conspiracy thing do exist, but my friends there is something seriously wrong with the system. I don’t don’t think foriegn interests own the Fed, but they sure have their stinky little claws in it. If there has ever been a real audit of the Fed, I want to see it. It should be public record right? You dummies who believe the thing is legitimate and working in the best interest of America are simply stupid! ]]> By: Will http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-45949 Will Thu, 25 Feb 2010 20:52:07 +0000 http://www.mint.com/blog/?p=3339#comment-45949 "For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure--one world, if you will. If that's the charge, I stand guilty, and I am proud of it." - David Rockefeller's Memoirs (Random House, New York, 2002) “For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure–one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”
- David Rockefeller’s Memoirs (Random House, New York, 2002) ]]> By: Joe http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-44561 Joe Sun, 24 Jan 2010 21:36:30 +0000 http://www.mint.com/blog/?p=3339#comment-44561 "... The more time you spend on here spewing nonsense, the less time you’re spending elsewhere trying to ruin someone else’s attempts at enjoying their evening. " That's what it's really all about to you people isn't it? You put in a hard day, and at the end you don't want to have to be "bothered" with inconvenient truths that might spoil your precious little evening. You prefer to have a man in a shiny suit on TV tell you that everything is going fine, just go back to sleep. “… The more time you spend on here spewing nonsense, the less time you’re spending elsewhere trying to ruin someone else’s attempts at enjoying their evening. ”

That’s what it’s really all about to you people isn’t it? You put in a hard day, and at the end you don’t want to have to be “bothered” with inconvenient truths that might spoil your precious little evening.

You prefer to have a man in a shiny suit on TV tell you that everything is going fine, just go back to sleep.

]]> By: Irish http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-44136 Irish Tue, 12 Jan 2010 15:25:53 +0000 http://www.mint.com/blog/?p=3339#comment-44136 I just have a few questions: How can the federal reserve be both public and private? How can it be "regulated and independent" from the U.S. Government? The current chairman refuses to allow Congress to audit the fed, so it must be private. I have only witnessed and heard of the hiring of the chairman of the federal reserve, never any board members. Does the hiring of the board members occur in public or private? Who are it's curent board members? How can a bank president have a lifetime appointment? That doesn't sound very democratic. Why do we deposit all of the taxes from the citizens into the Federal Reserve Bank? Where does the fedral reserve bank get it's money from....the money to cover shortfalls in the U.S. Government that is? Why can't our government print money and not borrow it from the fedral reserve? Why does our government have to borrow money at an interest rate? And then there is a host of prominent men that have said the following: Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time. “Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden in 1932 (Rep. Pa) "The Federal Reserve bank buys government bonds without one penny..." -- Congressman Wright Patman, Congressional Record, Sept 30, 1941 "The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923 "From now on, depressions will be scientifically created." -- Congressman Charles A. Lindbergh Sr. , 1913 "Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" -- Sen. Barry Goldwater (Rep. AZ) I am honestly trying to understand why everyone is so against the Fed. Even these congressmen are/were against it. I think there is more to this than what is shown here on this site. And I'm going to keeping searching and talking and reading until I find out. I just have a few questions:
How can the federal reserve be both public and private?
How can it be “regulated and independent” from the U.S. Government? The current chairman refuses to allow Congress to audit the fed, so it must be private.
I have only witnessed and heard of the hiring of the chairman of the federal reserve, never any board members. Does the hiring of the board members occur in public or private? Who are it’s curent board members? How can a bank president have a lifetime appointment? That doesn’t sound very democratic.
Why do we deposit all of the taxes from the citizens into the Federal Reserve Bank?
Where does the fedral reserve bank get it’s money from….the money to cover shortfalls in the U.S. Government that is?
Why can’t our government print money and not borrow it from the fedral reserve? Why does our government have to borrow money at an interest rate?
And then there is a host of prominent men that have said the following:

Sir Josiah Stamp, Director of the Bank of England (appointed 1928). Reputed to be the 2nd wealthiest man in England at that time.
“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”

We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. — Congressman Louis T. McFadden in 1932 (Rep. Pa)

“The Federal Reserve bank buys government bonds without one penny…”
— Congressman Wright Patman, Congressional Record, Sept 30, 1941

“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” — Charles A. Lindbergh Sr., 1923

“From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913

“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater (Rep. AZ)

I am honestly trying to understand why everyone is so against the Fed. Even these congressmen are/were against it. I think there is more to this than what is shown here on this site. And I’m going to keeping searching and talking and reading until I find out.

]]> By: Potomac Oracle http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-43723 Potomac Oracle Fri, 01 Jan 2010 02:50:19 +0000 http://www.mint.com/blog/?p=3339#comment-43723 Thank you so much for your wisdom. I can't for the life of me understand why those who oppose comments critical of the Fed do so with such vitriol, and disrespect. I guess for some self control is not their strong suit. I have yet to see comments from proponents of the Fed that explain why we need a central bank to create fiat money and then levy a usurious rate for it's issuance. A function the Treasury could assume without levying the interest charge, since their would be no bondholders to satisfy. Anyway I'd love to see a rational, cogent response to why we need a central bank. Thank you so much for your wisdom. I can’t for the life of me understand why those who oppose comments critical of the Fed do so with such vitriol, and disrespect. I guess for some self control is not their strong suit. I have yet to see comments from proponents of the Fed that explain why we need a central bank to create fiat money and then levy a usurious rate for it’s issuance. A function the Treasury could assume without levying the interest charge, since their would be no bondholders to satisfy.

Anyway I’d love to see a rational, cogent response to why we need a central bank.

]]> By: Potomac Oracle http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-43721 Potomac Oracle Fri, 01 Jan 2010 02:25:10 +0000 http://www.mint.com/blog/?p=3339#comment-43721 The Federal Reserve system hires 2/3 of all economists at one time or another during an economists career. Moreover, the Fed finances, through grants 60% of all academic research in the U.S. and provides grant funding to all of the economic journals. I'm jus' sayin' maybe economists don't want to kick a gift horse in the mouth. Would you? The Federal Reserve system hires 2/3 of all economists at one time or another during an economists career. Moreover, the Fed finances, through grants 60% of all academic research in the U.S. and provides grant funding to all of the economic journals. I’m jus’ sayin’ maybe economists don’t want to kick a gift horse in the mouth. Would you? ]]> By: Potomac Oracle http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-43720 Potomac Oracle Fri, 01 Jan 2010 02:08:56 +0000 http://www.mint.com/blog/?p=3339#comment-43720 This site has so many distortions it's a wonder American's don't know squat about whose screwing them every day with interest on fiat money. We never needed a central bank. Jackson, Lincoln, Garefield, Polk, Roosevelt, Truman, Johnson, and Carter were all opposed since they had to deal with either war time debt or rampant inflation. Moreover, there have been more periods of financial dysfunction since the Fed Act than in all the years preceeding 1913. Furthermore, you don't explain the fact that there were no national regulations, banks could print their own money, speculation in gold and counterfieting was rampant. Since there was oligopolistic control of banking the Biddles of the banking world could contract credit at will to get what they wanted from the federal government, as well as stealing assets through forced foreclosures. Just like they're doing now. Get it right and objectively or take the site down. This site has so many distortions it’s a wonder American’s don’t know squat about whose screwing them every day with interest on fiat money. We never needed a central bank. Jackson, Lincoln, Garefield, Polk, Roosevelt, Truman, Johnson, and Carter were all opposed since they had to deal with either war time debt or rampant inflation.

Moreover, there have been more periods of financial dysfunction since the Fed Act than in all the years preceeding 1913. Furthermore, you don’t explain the fact that there were no national regulations, banks could print their own money, speculation in gold and counterfieting was rampant. Since there was oligopolistic control of banking the Biddles of the banking world could contract credit at will to get what they wanted from the federal government, as well as stealing assets through forced foreclosures. Just like they’re doing now.

Get it right and objectively or take the site down.

]]> By: Hayato Alyx http://www.mint.com/blog/trends/a-visual-guide-to-the-federal-reserve/comment-page-2/#comment-43350 Hayato Alyx Sun, 20 Dec 2009 04:38:38 +0000 http://www.mint.com/blog/?p=3339#comment-43350 Thank you Mint.com for posting this wonderous guide about the fed. Unlike most other articles debunking the fed conspiracons this maintains a much simpler flow allowing it to be read through and understood very easily. Regretably I don't think this article will have much impact. As Iv seen first hand these conspiracy types do a very good job at warping peoples minds. One of my friends saw a film about the fed and his mind has degenerated to the point where he's now the laughing stock of are area. Thank you Mint.com for posting this wonderous guide about the fed. Unlike most other articles debunking the fed conspiracons this maintains a much simpler flow allowing it to be read through and understood very easily. Regretably I don’t think this article will have much impact. As Iv seen first hand these conspiracy types do a very good job at warping peoples minds. One of my friends saw a film about the fed and his mind has degenerated to the point where he’s now the laughing stock of are area. ]]>