| US Election 09:58 - Nov 6 with 7409 views | derbyhoop |
As a change from all the gloom and doom, the world's biggest economy goes to the polls today.
Any interest?
Any predictions?
It's going to be close but I believe Obama will keep his job. Audacity of Hope seems to have dwindled considerably. |  |
| "Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one's lifetime." (Mark Twain)
Find me on twitter @derbyhoop and now on Bluesky |
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| US Election on 23:52 - Nov 7 with 642 views | DylanP |
| US Election on 16:14 - Nov 7 by Rodneysgongger |
Sadly it will make no difference who you vote for as their hands will be tied as ALL presidents since Jefferson have by the central bank of America(privately owned),as we are learning(or not) as the media(privately owned) continues with it's blackout on ALL stories covering public gatherings across Europe AND the states decrying the fact that the central bank of America is in fact taking countries gold reserves as collateral for funding their (the banks surely!) debt.....let's face it,any system that will excecute thousands of it's own citizens to remove their constitutional rights HAS to be overthrown,which would be the very excuse used in the middle east.....unfortunately for 'Team America' the world is aware that 911 was an 'inside job'.......I wish you as an individual well,but your country and all that it stands for is pure fantasy whilst the truth is nearer to disgusting.....for the record EVERY single explosion in the united states has been carried out by americans......since 1776 anyway.......the sooner your people realise what they are being used for, the better for all of you really.......... |
There is no central bank of America, as such. There is, however, a Federal Reserve which serves much like the European Central Banks and that is certainly not privately owned. The Federal Reserve is part of the Executive Branch of the US Federal Government. The leadership of the Federal Reserve is nominated by the President and confirmed by the Senate. The Federal Reserve was chartered by the US Congress and has an interesting structure that gives it a high degree of independence from the President or Congress. The current head of the Federal Reserve is a registered republican and was originally nominated by President Bush. however, he has since been re-nominated by President Obama and is now considered the enemy of the Congressional republicans (which is probably a sign that he is doing his job properly) |  |
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| US Election on 00:13 - Nov 8 with 633 views | kensalriser |
| US Election on 23:52 - Nov 7 by DylanP |
There is no central bank of America, as such. There is, however, a Federal Reserve which serves much like the European Central Banks and that is certainly not privately owned. The Federal Reserve is part of the Executive Branch of the US Federal Government. The leadership of the Federal Reserve is nominated by the President and confirmed by the Senate. The Federal Reserve was chartered by the US Congress and has an interesting structure that gives it a high degree of independence from the President or Congress. The current head of the Federal Reserve is a registered republican and was originally nominated by President Bush. however, he has since been re-nominated by President Obama and is now considered the enemy of the Congressional republicans (which is probably a sign that he is doing his job properly) |
Nah...I think the paranoiac bonkers conspiracy stuff is a lot more entertaining, to be frank. |  |
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| US Election on 23:35 - Nov 8 with 561 views | AlbRanger |
| US Election on 14:03 - Nov 7 by real_loftus |
You should move to the US from Albania.
Set yourself up in the south or midwest. Your christian fundamentalist and homophobic views will be much more welcomed there.
ATAF |
Sorry to drag this thread up again but I've not been on the forum since yesterday afternoon and therefore hadn't seen Real's posts about me.
Thank you for vindicating my earlier comments with your sanctimonious, self righteous comments followed by your trademark childish ATAF at the end.
Your bigotry and inability to understand anyone who has a different opinion to yourself if quite staggering and the reason why I tend to keep out of these type of discussions - wish I had followed my normal thinking here. Not because I have an issue with my beliefs but just that it's not worth the hassle of dealing with bigots like you.
I like to think that, in all the years I have used this board, I have always been respectful to everyone even though I often don't agree with them. My apologies to anyone if that hasn't been the case.
However if you don't like my views and feel the need to be rude about them then, to be honest, I think you may need to remove some logs from your own eye first. |  | | |
| US Election on 09:12 - Nov 9 with 522 views | derbyhoop |
| US Election on 23:35 - Nov 8 by AlbRanger |
Sorry to drag this thread up again but I've not been on the forum since yesterday afternoon and therefore hadn't seen Real's posts about me.
Thank you for vindicating my earlier comments with your sanctimonious, self righteous comments followed by your trademark childish ATAF at the end.
Your bigotry and inability to understand anyone who has a different opinion to yourself if quite staggering and the reason why I tend to keep out of these type of discussions - wish I had followed my normal thinking here. Not because I have an issue with my beliefs but just that it's not worth the hassle of dealing with bigots like you.
I like to think that, in all the years I have used this board, I have always been respectful to everyone even though I often don't agree with them. My apologies to anyone if that hasn't been the case.
However if you don't like my views and feel the need to be rude about them then, to be honest, I think you may need to remove some logs from your own eye first. |
I may not agree with you but I will defend your right to state your beliefs. See also my strapline.
And a non politically correct way to close this thread.
Barack Obama is happy to hear "4 more years". One of the first black men who hasn't heard that from a judge in a court of law. | |
| "Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one's lifetime." (Mark Twain)
Find me on twitter @derbyhoop and now on Bluesky |
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| US Election on 14:12 - Nov 9 with 493 views | Rodneysgongger |
| US Election on 23:52 - Nov 7 by DylanP |
There is no central bank of America, as such. There is, however, a Federal Reserve which serves much like the European Central Banks and that is certainly not privately owned. The Federal Reserve is part of the Executive Branch of the US Federal Government. The leadership of the Federal Reserve is nominated by the President and confirmed by the Senate. The Federal Reserve was chartered by the US Congress and has an interesting structure that gives it a high degree of independence from the President or Congress. The current head of the Federal Reserve is a registered republican and was originally nominated by President Bush. however, he has since been re-nominated by President Obama and is now considered the enemy of the Congressional republicans (which is probably a sign that he is doing his job properly) |
(30) It’s important to clearly understand, the Federal Reserve is a private corporation. It is about as “Federal” as Federal Express.
Admission the Fed is private is public knowledge now. It wasn’t always so. Louis Mcfadden stated in 1934: “Some people...think that the Federal Reserve Banks are United States Government insti- tutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves...” 2
The Federal Reserve is a privately owned corporation, as confirmed by a federal circuit court in 1982. In Lewis vs United States, the United States Court of Appeals for the Ninth Circuit stated that:
“The Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations.” 3
Of course, the Fed does not outright say it is private or for profit, but rather, it invented a custom definition for itself. It’s website’s Faq currently states: “The Federal Reserve System is not “owned” by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.” 4
Let’s examine the following statements to see if this holds true:: 1) “The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the na- tion’s central banking system, are organized much like private corporations — possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and owner- ship of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.” 2) “[The Federal Reserve] is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropri- ated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.” 3)”The Federal Reserve’s income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations...After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.” 5
Ellen Brown does a great job of evaluating the above statements: 1) The Fed is privately owned. Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government. 2). The fact that the Fed does not get “appropriations” from Congress basically means that it gets its money from Con- gress without Congressional approval, by engaging in “open market operations.” Here is how it works: When the government is short of funds, the Treasury issues bonds and delivers them to bond deal- ers, which auction them off. When the Fed wants to “expand the money supply” (create money), it steps in and buys bonds from these dealers with newly-issued dollars acquired by the Fed for the cost of writing them into an account on a computer screen. These maneuvers are called “open market operations” because the Fed buys the bonds on the “open market” from the bond dealers. The bonds then become the “reserves” that the banking establishment uses to back its loans. In another bit of sleight of hand known as “fractional reserve” lending, the same reserves are lent many times over, further expanding the money supply, generating interest for the banks with each loan. It was this money-creating process that prompted Wright Patman, Chairman of the House Banking and Currency Committee in the 1960s, to call the Federal Reserve “a total money-making machine.” He wrote: “When the Federal Reserve writes a check for a government bond it
1 Quoted by Senator Robert L. Owen, National Economy and the Banking System of the United States, Washington D.C.: US Government Printing Office, 1939, p.100 [ LINK: http://www.archive.org/details/NationalEconomyAndTheBankingSystemOfTheUnited- States ] 2 Quoted by Louis T Mcfadden, Congressman Mcfadden on the Federal Reserve Corporation, remarks in Congress 1934 ( Bos- ton Forum Publishing Co.), including excerpts from Congressional Record 1932, pages 12595-96
3 4 5
http://cases.justia.com/us-court-of-appeals/F2/680/1239/200393/ http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5 http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm
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does exactly what any bank does, it creates money, it created money purely and simply by writing a check.”
3). The Fed generates profits for its shareholders.
The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaran- teed 6% return are considered “for profit” corporations.
In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their “reserves.” The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in “reserve” can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total “loans and leases in bank credit” as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually — this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.
The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-pow- erful independent private central bank, even when those interests may be opposed to the taxpayers’ -- for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to col- lapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list
of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.................
oh dear |  |
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