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Topic started by MemoryUnchained on 12 Oct 2008, 18:18:56
MemoryUnchained
Senior Member
United States
Posts: 728
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12 Oct 2008, 18:18:56
 
The 'Fat' In The U.S. {'Quasi'} Gov't, Apparently Also Applies to the 'Federal Reserve'{!}
.. While 'googling' the 'Federal Reserve,' I noticed this excerpt, courtesy of "wikipedia":
 
(3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors;
 
 
{comment} "Twelve {regional} 'Fed' banks, Each with their own, '9 member board of directors'?!
..Ye Gads! .. I'm afraid to even find out what each of these 108 'board directors' make{?}, {"earn"; 'in-name-only'}, per year!?
SnoopDog176
Senior Member
Occupied Palestinian Territory
Posts: 918
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12 Oct 2008, 19:25:28
 
Re: The 'Fat' In The U.S. {'Quasi'} Gov't, Apparently Also Applies to the 'Federal Reserve'{!}

In a sense,,,
 
who ever appointed ppl to serve as internet servers...?
 
I mean, of course, the BIG servers that handle lots and lots of nodes.
 
somebody can probably do a better desription than that but I think you get the pic...
 
nobody questioned HOW the web was happening,,, we were just glad... it was just happening.
MemoryUnchained
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12 Oct 2008, 19:51:45
 
Re: The 'Fat' In The U.S. {'Quasi'} Gov't, Apparently Also Applies to the 'Federal Reserve'{!}
Which, if I 'read' your 'take' on your {apparent} support of the 'private'/quasi-governmental, "Federal Reserve," correctly, 'Snoop'; this would.. 'imho,' put you at odds with one of your purported 'heroes'; Texas congressman, "Ron Paul"{!?}
SnoopDog176
Senior Member
Occupied Palestinian Territory
Posts: 918
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12 Oct 2008, 20:26:12
In reply to MemoryUnchained
Re: The 'Fat' In The U.S. {'Quasi'} Gov't, Apparently Also Applies to the 'Federal Reserve'{!}
that would be correct except for one thing....
 
I have an opinion about everything... the WHOLE federal reserve thing,,, I SWEAR,, I canont understand to the level that I should.
 
I mean,, really.
 
I don't understand "finance",,, I just don't. It's all just a blur to me with accusations randomly flying around like bats in a full moon.
 
maybe someday
 
 
Edited on 12 Oct 2008 at 20:26:55
M8IN3
Founding Member
United States
Posts: 36
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12 Oct 2008, 22:50:51
In reply to SnoopDog176
Re: The 'Fat' In The U.S. {'Quasi'} Gov't, Apparently Also Applies to the 'Federal Reserve'{!}
its rather quite simple --- The feds just want it to sound complicated and difficult ---that way people just say well then ...you (the Fed and gov't) handle it --- I have other things to do....etc etc ...
 
here's how the scam works --- The FRS, which is really a private corporate entity (the fed actually has privately held stock!!) controls
the ability to issue currency to the governemnt (re: the people)
 
The governemnt (Congress) abdicated their authority to print and coin money via the federal reserve act of 1913 ---
 
The federal government (The treasury) goes to the FRS and requests to borrow x amount of dollars for the fiscal year.
 
The FRS then goes to the bureau of printing and engraving and requests that x dollas be printed in a specifc denomination. Lets say USD100 bills.
 
The FRS pays a specific price for each Federal Reserve Note regardless of the notes actual face value. (Quite literally the FRS will pay pennies for each 100 note).
 
Now the FED lends the money to the government at face value + interest!
 
Did you just see what happened? The fed virtually created money out of thin air that cost them virtually nothing and saddled the governemnt with debt right off the bat. This is what the FED calls "monitizing the debt."
 
The money in your pocket is actually a credit slip! (Rememeber there is no gold/precious metals standard anymore re: nothing of true intrinsic value backing up our currency) The FEDs want that money back plus interest! It is a game whereby you can never get in front of the curve because your opressed by debt right out of the gate.
 
Now this is where income tax comes into play. The FED created debt, so who is going to repay it? certainly not the government they do not produce any goods or services. They are truely parasitic in nature.
 
The American worker pays back the debt to the FED. The only problem is income and wages are not the same thing. Income is defined as profits earned from a corporate entity. This is the money that the governement has the right to tax. wages are just that --- wages. It is money you earned from your talent and hard work that you and you alone deserve to keep (100% of it). When you barter your time and talent to earn wages from an employer how is the government entitled to any of that money? How were they a party to that agreement?
 
The income tax .. no the wage tax (16th amendment/also passed in 1913) has been created to pay back the FED, which is really a private international for profit corporation. They have no allegiance to this country or the government.
 
The sales tax (which is Constitutional remember no taxation with out representation ) is the real money the governement uses to pay for all its programs and day to day business. (but unfortunately that is not enough due to all the wasteful spending via Congress)
 
The fatal flaw in the fiat monetary system has been exposed because all the credit that the banks had have been lent out --- with absolutely nothing coming back into the banking system. Whats left? Borrow more and pay more ... The FED is just a drain on our economic system. Imagine the true economic might of this country if every individual could keep the money we pay in federal taxes every year ---
 
We could actually save much more -- -then a loan would be much safer and profitable because evryone would have the assets to secure real loans --- there virtually woulnd't be any poor people -- and if they were it was due to their own foolishness.
 
I am not some financial expert, but I know a scam when I see one --- The next time your shaking your head and asking where the hell does all the money we pay in taxes go? Now you know ---
 
Also Goldman Sachs is associated with the FED. Just out of curiosity watch their stock --- it'll be interesting to see their stock rise as the economic system plummets (Warren Buffet has invested $5 billion dollars in their stock)