CaptainSpaulding71 wrote:
if the US economy tanks, won't it be in the vested interest of the fed to ensure this doesn't happen if they indeed get their money from the US economy?
No. You would know this if you actually READ the quotes I posted, but the Fed was created by European international bankers. It is owned by a private list of stockholders. If they tank the US economy, then they lose nothing, instead, they REPOSSESS what we bought with their monopoly money. Get it?
CaptainSpaulding71 wrote:
Some people contend that the Federal reserve system in the US concentrates real monetary power in the hands of a few rich bankers. with us coming off of the gold standard where each dollar was backed with real value, now we are faced with cases where we seem to be printing money (inflation) to prop up an economy many feel is floundering. Some economists believe that we have already artificially inflated our economy and it's going to get alot worse before it gets better. Is the federal reserve system at fault here? what dangers are there in this system? does it really contribute to the 'rich-getting richer' argument so popular these days? or, are there any redeeming values to the system at all?
Acknowledgements: Marinejuana created a thread topic on this earlier but the meat of the problem got lost in his style of posting. here's that thread for reference:
http://forums.bf2s.com/viewtopic.php?id=103939
This is such a joke. You ever heard of a straw man argument? That's what you just made. LOL, you literally close my thread so you can make this hackneyed straw-man in your own ignorant words and lock access to the quotes originally posted. What on earth is the point in starting a debate on a forum, when my masses of PRIMARY SOURCES for you to evaluate is now LOCKED because you folks evidently have the rational sensibilities of a child. Can't you think for yourself?
You more than prove my point with this decision. You are completely unable to evaluate information and think for yourself (flaming, cpt. spaulding). If I give you the raw material on which to logically draw conclusions, I get insulted 20 times for my "method." There is no other method, idiots. You either evaluate the info for yourself, or recognize your position as mere faith in your instructor. It's not my fault that your whole life's education was built on this irrational faith. There is no telling if you will ever learn to think considering the damage already done.
This is what happens when you raise a society on sugar coated textbook blurbs and TV sound bites. I absolutely give up on you. You have had every opportunity now to look up this issue and the people that participated in this debate. The fact that you beg for access to primary sources to be shut down proves to me that there is absolutely nothing I can do to change your subjective receptiveness to these ideas. Good luck living your ignorant life.
You can lead a horse to water, but you can't make him drink.
Buckles wrote:
Just to continue this vein here:Scorpion0x17 wrote:
Buckles wrote:
Dude, I work for the biggest bank in the world. My boss up top doesn't want to take over the world, I'm pretty sure...
ICBC?Are you sure you're sure?
Try here
Globally recognised for being environmentally and eco-friendly. Pours billions every year into preventing climate change and invests nearly as much in youth development.
So not all financial institutions are evil and satanic.
Sorry, you are looking up the wrong banks. The issue is most of all with the central banks and international banks. If ICBC was the biggest bank in the world, then this might not be such a problem.
And lets dissect this statement, "globally recognized" by who? globalists? "environmentally friendly" globalists? That sounds like their MO. Now if you had read my huge list of quotes and put some thought into them, you would realize that its absolutely no surprise that these usury institutions put themselves in those exact terms. It means nothing that they will water some garden with billions of dollars. It's pennies to them. While you are praising them for dropping pennies in the "save the children" cups, they are participating in the construction of a permanent monetary world order. Yeah, they are very charitable. Maybe you should pick up a stack of ICBC pamphlets and eat a tub of frosting.
Anyway, even the smaller banks dilute our economy. Research fractional reserve lending. You take a loan at one bank for $1000 and deposit it in the next one. The next one can now issue about $10,000 based on your fake initial $1000. Then another person takes that $10,000 in a loan and deposits it in another bank and this principal can go towards a $100,000 loan. Indeed, all banks are allowed to lend out *almost 10 times more than they have and then collect interest on it as if they actually gave you something that they owned or created. This is a big part of why our currency is devalued, and its also a big part of why we live in "import cultures." The banks make money out of nothing, money the industries they choose, and then we trade our "money" for things of real value all over the world. Most of us think its kinda nice, as long as we get to take the loans from our banks, then we live pretty well. Problem is that as soon as they call in the loans like in 1929, then we have to essentially give back everything we bought with dollars to the banks that own the dollars.
Now this isn't the end of the world if you're a subsistence farmer with seed stocks, but if you live in a city, and live on the bull market, then you are fucked.
It's overt robbery. So you can call yourself "globally recognized for being environmentally and eco-friendly." Its just some empty rhetoric. Adolph Hitler was the Times "man of the year." Do you realize how great he was for the economy? All the jobs he created!? As long as you only take your info from billion dollar propaganda outfits and corporate press releases, then you will only ever know what they choose to tell you.
Bertster7 wrote:
Buckles wrote:
Just to continue this vein here:Try here
Where it still says ICBC is the biggest bank?
HSBC Holdings - Value: $180.81 Billion
ICBC - Value: $289.57 Billion
The biggest bank in the world is the Bank of International Settlements. It has access to the holdings of most on that list and good luck ever discovering who owns the shares.
Last edited by Marinejuana (2008-06-27 14:07:41)