Doing a speech on ending the fed tomorrow so I'm researching it
I cannot figure out any positives or even what the fucking end game to the fed is?
Even fucking Bernie dislikes the fed, so what is in the way of getting rid of it? There seems to be zero positives
Other urls found in this thread:
federalreserve.gov
stlouisfed.org
youtube.com
youtu.be
newrepublic.com
youtube.com
en.wikipedia.org
twitter.com
Are you serious?
The federal reserve is the biggest scam ever played on the Human race.
They print money out of nothing, charge use interest on their fake money, and own everything.
Then what is keeping it alive?
I cannot fucking figure it out
The Federal Reserve is not a private entity. It is a government entity that requires commercial banks to buy "stock" in it. It's just a Central Bank, really. All rich nations have central banks.
Creating currency ex nihilo seems ridiculous until you realize that everything is created ex nihlio - a microwave was once a bunch of diffuse metals and polymers lying in the ground. Still has value.
All in all, the Fed has done a very good job of keeping the currency stable from year to year. Inflation is higher than I would like, but look at the various crises around specie shortage from previous centuries for comparison.
I would like to see an end to fractional reserve lending and that money creation mechanism being replaced with the government basically printing it's budget every year. Would be interesting.
Power. JFK was the last person to talk about ending the fed. They can create inflation which pumps the markets up for investors, because for investors, inflation is good. Then as long as they have enough money, they deflate intentionally after removing a bunch of their money out of the market and value of money goes up, but they already earned the large amount.
Example: Housing prices go up due to inflation... you buy at 500k, in 5 years it's at 1.2million. You sell for a profit of 700k. Housing market crashes, deflation occurs, and now you still have 700k but the house is now worth 300k... now you can buy 3 houses and wait for it to go back up. It's a big game and all the banks are in on it, and the banks own the politicians. Look at the average wealth of the average politician in DC. They are all filthy rich on investment schemes, not their salaries.
Congress is the only one that can audit the fed. They use fear tactics, because if the fed is audited, and it's bad... then the US dollar could lose status as the reserve currency, and could really screw things up... so congress is afraid. Same with why they didn't go after the banks... "too big to fail"... go after them and take them down for justice and you could crash the economy. Might be good for home owners whose bank just closed and now owns their home free and clear, but bad for the rich elites who have millions of dollars in those banks with all their investments held. It's a complicated thing, and you should have been researching a lot longer for a speech on the federal reserve because it's incredibly complex.
The end game is the state owning the means of production, aka communism. The central banks are buying up assets like no tomorrow while everyone has their eyes closed.
Trump has to end the ZOG first. But the FED is going to end of Feb 22nd.
I'm retarded user and just learning about this so forgive me if I'm wrong but
>US okays fed to print money
>US knows it can never pay it back
How is this not a problem and why shouldnt we be investing in gold
are the jews going to kill me for posting this
i dont get why people dont bitch about the fed more
it's really not a terrible thing to have, as long as it's used correctly
it has (in the past) stabilized the markets substantially and was partly responsible for the 20th century boom in the American economy
that being said it also caused the great recession to get a lot worse by slashing currency supply, and was partly to blame for the great recession
central banks SHOULD be indepdendent, congress/the president would use it to boost the economy (at cost to the economy in the future) during election cycles, and even use it as a source for stimulus.
You should be investing in gold, it's being artificially manipulated to stay below 1300 while it should be going to the moon in a bitcoin-mania sense. Gold will always hold the same value, so it'll be the dollar that faces inflation when gold skyrockets... but in terms of what's out there today to store your wealth in, well, silver and gold aren't going out of style any time soon, and I'd love to see the feds try to pull another PM confiscation, it's not 1933 anymore
>>US okays fed to print money
>>US knows it can never pay it back
Because that helps exports which then helps the economy? And all central banks are trying to devalue currency to increase exports. So you have no where to go.
>i dont get why people dont bitch about the fed more
You came here too late newfag. Anti-Fed was all the rage last decade.
What is the point of fixing the economy if we are racking up debt we cannot pay off?
Isnt the fed putting that money they receive into somewhere and thus obtaining tons of resources?
Ron Paul 2020
>I cannot figure out any positives or even what the fucking end game to the fed is?
Have you considered that maybe you're just retarded?
>Checks flag
Oh, never mind, that answers that.
The most rudimentary research would reveal that the Federal Reserve exists to be a backstop against bank runs (which were rampant pre-central bank and caused millions of people to lose their savings), to facilitate liquidity in the event of a financial firm collapsing that poses systemic risk (like the LTCM fiasco), and to determine monetary policy/interest rates which are used to deal with inflation and augment economic growth.
and also investors don't care about inflation of the dollar because they buy assets that give them a return. Only savers are punished by inflation.
>US okays fed to print money
>US knows it can never pay it back
>How is this not a problem and why shouldnt we be investing in gold
"the Fed" isn't owned by anyone, except congress by extension (since they voted to create it). Nobody "profits" when the fed makes interest money--except for the US government in some cases, or if it is corrupted to be used to enrich private interests (which I would argue it IS, that interest being the financial markets--just look at how much more quickly the stocks are growing than the economy).
gold has its problems: the supply of it is fickle and subject to Chinese and Russian intervention if we were ever to base a currency on it. That being said, it wouldn't hurt to have a currency that didn't constantly inflate
it's superficial debt. The Fed could well decide to simply cancel it if it ever became a problem, seeing as how their intended purpose is to optimize the US economy
>central banks SHOULD be indepdendent, congress/the president would use it to boost the economy (at cost to the economy in the future) during election cycles
What if money printing/stimulus was decided via some method of direct democracy?
...
>the fed isn't owned by anyone
>commercial banks hold stock in the fed
>these commercial banks are owned by jews
hmm
...
that would be the worst possible scenario, unless the voters are morally and economically conservative. Just look at Greece--a tragedy of the commons. Everyone votes to give themselves free shit.
They have no end game but they are too arrogant to admit that their system will cannot last forever or produce economic stability.
>Power. JFK was the last person to talk about ending the fed.
Show me a quote or an executive order that JFK issued that even hinted of being anti federal reserve.
>Fed cancels debt
>US proven insolvent
>world capital reacts
It's not a hard extrapolation to see how they can't just ~cancel~ the debt
Trump should just have the Treasury print United States Notes to pay for his infrastructure plan.
>United States Notes were issued directly by the US Treasury to pay for stuff.
>United States Notes were dollars that circulated along side Federal Reserve Notes.
>United States Notes exchanged 1-for-1 with Federal Reserve Notes by law.
>Federal Reserve Notes are issued by a private corporation: The Federal Reserve.
>The Federal Reserve lends Federal Reserve Notes to the Treasury/US Government.
>The Treasury/US Gov must pay back Federal Reserve Notes with interest to the private bankers/Fed.
>Borrowing Federal Reserve Notes creates enormous debts for the Treasury/US Government.
>Printing/spending United States Notes creates NO debt for the Treasury/US Government.
>The last president to try to print United States Notes was JFK. He was assassinated.
>Trump can have $1 Trillion of new spending on infrastructure with no debt!
>Yes, United States Notes are inflationary if you print too many.
>However, anything is better than being in perpetual debt to the private bank/Fed/hyenas.
it's all a lie
we're all gonna die
Why is there still lolbergs here? Ron Paul lost, fuck off already
...
>"the Fed" isn't owned by anyone, except congress by extension (since they voted to create it). Nobody "profits" when the fed makes interest money
The fed has shareholder banks. In a lot of ways it's a for-profit corporation.
"the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends."
stlouisfed.org
So even if the fed just gives the money to the U.S treasurer doesn't that just mean the government in return claims more resources
...
>US proven insolvent
the Fed is a public entity and part of the US government... nobody would give a shit if you canceled debt you owe yourself
it's nothing like the debt we actually owe to China
...
...
Read The Creature from Jekyll Island.
>calls someone out for using a meme flag
>while using a reddit tier meme flag
Ummm, try again sweetums
read!
newfag
read!!
What are the solutions to the federal reserve?
Does an audit do that much? And would putting money into non fiat currencies fuck the fed up at all?
btw ily faggots
...
Use two cases:
Case one:
>You voted for Trump and he won
>Taxes are cut for everyone
>Large corporations and rich individuals raise the cost of living because they know more money is circulating
Case two:
>You voted for Hillary and she won
>She cuts taxes for the middle and lower class
>Large corporations and rich individuals raise the cost of living because they know more money is circulating
What is the (((Fed))) supposed to do to mitigate this? I say you sneak subtle redpills in there to show that our entire system is a farce that only benefits the wealthiest shekelgrabbers. The Fed is the enemy of the entire political spectrum with the exception of the 0.01 percent.
read the next fucking sentence
>Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans
it's not a for-profit entity. The shareholders don't even make money off of it
...
Literally the greatest scan of all time.
(((They))) stole money.
Read that again.
Not "some". Not "a lot of"
They.
Stole.
Money.
>that would be the worst possible scenario, unless the voters are morally and economically conservative.
>Just look at Greece--a tragedy of the commons. Everyone votes to give themselves free shit.
I'm not too familiar with everything going on in Greece but the chart is independence from the politicians. The politicians will obviously run a stimulus and print money to get themselves re-elected but I think the people understand and can moderate this better than politicians. The people ultimately live with their decisions in ways a prime-minister does not.
Buddy, if you think that's how it'll be perceived, then maybe you should be writing white papers for these folks. That's delusion.
...
End the Fed
Bring back the BUS
Hamilton did everything right
These are the real books you should be reading about the Fed, 'End The Fed' is is just a quick rundown.
Ok read the sentence I posted.
>hold stock in the Federal Reserve Banks and earn dividends
>earn dividends
>dividends
That sounds like profit to me. Then again who the hell knows no one has done a full audit of the fed.
...
honestly it was a hypothetical situation based on the assumption that the US being in debt to the Fed was somehow a bad thing or something that's draining the US economy, which is wrong, buddy
>I'm not too familiar with everything going on in Greece but the chart is independence from the politicians
Basically: a socialist government and people who voted themselves into financial ruin by voting to give themselves free shit. The politicians in any democracy like Greece's are but an extension of the will of the people.
>I think the people understand and can moderate this better than politicians. The people ultimately live with their decisions in ways a prime-minister does not.
Have you heard of the tragedy of the commons? Anyway it would be interesting to see if direct democracy changes peoples political decisions by much, but honestly the same political and social forces in the media and elsewhere that shape the politicians will do the same for their voters.
Papi is my waifu
>Doing a speech on ending the fed tomorrow so I'm researching it
bit late for that isn't it
pic related
PIC RELATED
Remember, America was the first big break away from THEM and THEIR elite dynasty. THEY owned everything, and were pissed America became independent from THEIR grasp. THEY want what you have, because THEY want it all.
The fed was invented to slowly steal the spirit of the American people. THEY steal our money. Every year your money devalues more and more until one day THEY will own everything. THEY want to destroy the property owners. The fed was instated by bankers. The fed is unconstitutional.
Now this is where the alt-right gets it wrong blaming the Jews. It is NOT the jews, it is people who mostly happen to be jews. But it is not their jewishness you should despise, it is the greed in the hearts of the old dynasties
HOLY FUCK I HATE THE FED
Do you know why THEY want to remove Jefferson from the dollar? Because he is a symbol against their power.
Its community college faggot
only 8 minutes needed, wish me luck
95% of dollars value has been inflated away last 100 years. That means no inheritance for you, more stocks for them. A handful of secretive families buy up a good percentage of all major companies. The Fed can provide stability, as long as you trust them.
Jesus this place... the Fed gives the government a huge ability to control the economy and fight against inflation/deflation. It basically acts as a damper on the boom bust cycles of the economy.
Of course it also lets the government print huge amounts of money, stealing wealth from everyone and handing it out their favorite (((banks))), but dont pretend it has no upside.
>it's not a for-profit entity. The shareholders don't even make money off of it
FUCKING LIE, or just ignorant.
The Fed shareholders earn a 6% annual dividend. (see above)
I get that point user, but the shareholders do end up getting a profit which in return they can use to buy resources
So it seems like the end game of the fed massively fucks us
Fuck off.
Thank god Jefferson and Jackson killed the 1st and 2nd BUS, respectively.
I was doing gate security at a military base 2 years ago and some guy told me an antisemitic sign was posted off base and that I should get it removed. I told him that’s not my job and later drove by and saw it was for end the fed and lol’d
The government has no say. They just borrow money. If the Fed wants to keep interest rates at 0 for 8 years or loan out 10 trillion dollars, no one can stop them.
>It basically acts as a damper on the boom bust cycles of the economy.
HORSESHIT.
The Fed causes booms/busts with gigantic debt bubbles. The ability to create infinite debt money out of nothing creates very unstable financial bubbles.
>The politicians will obviously run a stimulus and print money
In America the public value deflationary policy more than inflationary policies outside of cities. Rural areas are already developed fairly highly and a lot of business owners own their property thanks to low tax rates so lowering interest rates simply isn't in their interests.
The issue is big government cannot thrive with deflationary policies, and with increased migration to urban centers rural America's needs are going to be ignored in favor of cities.
>trying to reason with conspiracy tards
They only see what they want to see.
Can someone answer this?
I cannot figure out what we can do to fix the or end the fed
>the fed is good
Can't tell if shills or mind slaves
>Anyway it would be interesting to see if direct democracy changes peoples political decisions by much, but honestly the same political and social forces in the media and elsewhere that shape the politicians will do the same for their voters.
I think the US system has always been about checks and balances. I think this same principle applies today with regard to the central banking system. There needs to be some kind of safety valve to prevent them from wielding too much power over the economy.
To give an example of this kind of abuse of power... quantitative easing. I also think the QE policies of central banks have done little other than raising the stock market. In other words right now Quantitative Easing isn't much more than a welfare scheme for the already rich.
youtube.com
Irving Fisher was millions of dollars in debt after the stock market crashed. It couldn't have happened to a more deserving fellow.
The solution is to have the legislative branch regulate the issuance of currency like the Constitution mandates.
The argument for it is that congress is partisan and not experts in finance, and that they have the authority to delegate the task.
The arguments for it would be sound if it actually answered to congress and thereby the people. Audits would be a large step towards that
Andrew Jackson, truly at the top of this for any terrible presidents list.
They do make money, they dont get to make decisions. According to the wording of your greentext
Thanks user, helped a lot!
The printing money, borrowing against the future is not the problem. The problem is in this unanswerable question. What does the FED do with the coupon (interest) payments it receives? The FED is supposedly a Not-For-Profit entity. Now the Treasury (American people) only pay down the principle debt with more debt. But our income tax services the interest on the debt. That is why we have income tax in the first place. Someone once said the coupon payments are used by the FED to generate "buy" more bonds so the Teasury can print more money. But since the Nixon shock, the FED produces bonds for the Treasury to print money against, with no consideration of real assets or currency on hand (i.e. Fort Knox gold.). So again, the height of the FED corruption is not borrowing against the future to ease today's markets, but the real dollar payments that funnel back to this privately owned, un-audited entity that is allegedly Not-For-Profit.
We dont see a lot of booms and busts?
Are you not active in the market?
If not, why opine on the Feds behalf as if you know all about the economy?
>the BUS and the FED are the same thing
>central banks and national banks are the same thing
The FED is cancer, dont get me wrong.
But in terms of economic policy, Jackson did everything wrong. Everything he did was for the agricultural South and West at the expense of actual economic growth through industry.
He quite literally caused the Panic of 1837.
>ends the BUS
>decrees that land may only be purchased with specie
>transfers the money out of financial centers into numerous 'pet banks' in the South and West
>no one has enough money specie on hand to buy real estate
>neither the big banks in the North, nor the pet banks have enough specie to allow investment
>real estate market crashes
>mass unemployment
Oh, but he had nice rhetoric, so its okay.
Jefferson and Jackson got so high on MUH ENLIGHTENED YEOMAN that they neglected the fact that Hamilton was entirely right on economics. The economic growth period that you all love to acclaim to 'no central banking' is based entirely on the American School of economics, that is entirely based on Hamilton's economic ideas
You know the official version of the story, but the essence of The Fed has escaped you. You say "all rich nations have central banks." You have it completely backwards. They WERE rich. In 1791 we gave the First Bank a 20 yr charter. We didn't renew it, and Nathan got pissed. Burned down the White House. So we gave them a Second Bank and another 20yr charter. A badass named Jackson calls them a den of vipers and thieves and among his final words, he says "I killed the bank." If your paying attention, this means the Second Bank of the U.S. 20 year charter was not renewed, either. 1911 -1913 the Creature from Jekyll Island is established for good, along with the Anti-Defamation League and IRS. They took our constitutional right to print money away from us. Money free of debt. Now, every single dollar is a note of debt to be paid back. There isn't enough money in the world for these "rich" nations to pay back these "debts." They'll all be absolved if they join the future world government.
Then "smart" guys like you rationalize it all and say it's just about inflation.
This is a good breakdown youtu.be
newrepublic.com
The FED requires the almost 3,000 member banks (Chase, Bank of America, Wells Fargo, etc) to purchase stock at a fixed price (stock that they can't trade or leverage) in the amount of 6% of all their assets. (If they acquire more assists they must buy more stock, if their assets drop they get refunded). They are paid dividends from the FED every year on this stock, and in 20 years the price of the stock is paid for, after which it is all profit. What the absolute fuck!???? We are literally directly paying bank profits with our income tax.
Really makes you wonder what the FED does with all the other money they have to play with.
Hamilton was a Crypto-Jew and you need to rethink everything you think you know about him.
>The solution is to have the legislative branch regulate the issuance of currency like the Constitution mandates.
Great documentary on this
>Hamilton was a Crypto-Jew
This would make Trump literally Hitler, which would unironically be a good thing.