Does anyone understand how the federa...

Does anyone understand how the federal reserve works?

Posted in the Owensboro Forum

fakemoney

Owensboro, KY

#1 Jan 14, 2013
I've recently took an intrest in all this. I'm shocked americans stand for how the fed is ran. From what I gather our dollar is based of faith.

“Cogito ergo sum”

Level 2

Since: Jan 13

Location hidden

#2 Jan 14, 2013
fakemoney wrote:
I've recently took an intrest in all this. I'm shocked americans stand for how the fed is ran. From what I gather our dollar is based of faith.
Who knows? That is just being honest. I could try and break down how our current monetary system works, but it would be filled with half-truths and guesses. The reason for this is simple. The Fed is under no authority to disclose anything to our political bodies much less the citizenry. Is there audits? Of course there are, but they're internal audits. There is no transparency of the Federal Reserve. Why it's even named the Federal Reserve is beyond me. It's simply a private industry that controls American tender. Ben Bernanke should be dragged out tarred and feathered and hung from the nearest tree. His rotting corpse should be displayed on the courthouse lawn entering Congress. So our politicians should see what becomes of treasonous tyrants.

Level 1

Since: Nov 12

Owensboro, KY

#3 Jan 18, 2013
The federal reserve is just another system implemented to enslave us all. Think about it. The first money( legal tender) was loaned out with interest and inflation. Hints the not only national but international debt. How can u pay something back that was originally a loan.!?? You borrow more. Therefore creating more debt. Easiest wattle understand some truth!! Watch the third chapter on Zeitgeist the addendum. 07 final cut. That should put things in perspective.

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#4 Jan 18, 2013
The federal reserve is a conglomerate of private banks. The federal reserve act was passed in 1913 on a 100 year charter by Woodrow Wilson. The heads of the large banks back then, jp Morgan family, rockefellers, Rothschilds, etc, devised the scan on jeckyl island around 1911-1912. Bribed Wilson with campaign support so long as he would pass the federal reserve act (which is unconstitutional). All of this came to pass, but it was never ratified by the states, it needed, if memory serves, 38 votes and it received 2, but the public was deceived into thinking it was law.
I'm typing all this on my phone and don't have the time nor inclination to go too in depth.
The fiat money is printed by the federal reserve and loaned to our government with interest. This is what's called indentured servitude and perpetual debt. Designed to control the population.
Little known fact- that big chunk of taxes that comes out of your paycheck (federal income tax) goes straight to the federal reserve and IMF to service this "debt" created by the loaning of the printed currency which had no intrinsic value. A lot of people think that big ass chunk of change goes to roads, food stamps, "welfare queens", etc. This is false.
Another common misconception- "only 50% of Americans pay taxes", this is almost true, but only contextually and you never hear it contextually, nor does anyone parroting it understand. What this means is that about 50% of Americans get a "tax return" near what was taken from their check because they don't make enough money, based on dependents, exemptions, etc, to warrant the amount stolen from you.
Your tax return is essentially this scenario- you are robbed at gun point, the assailant takes your wallet, then proceeds to give you $10 back from it and expects you to be excited.
Maybe next time someone will ask a more fun question like "what is fractional reserve banking?", "what is quantitative easing?", "why does a bank want to foreclose on my home and doesn't even own the mortgage?", etc.
The public is kept from so much information that would enrage it if it were known.

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#5 Jan 18, 2013
Oh yeah, I forgot to tell you know that the federal reserve is also a PRIVATE BANK. "It's as federal as federal express"
that girl

Owensboro, KY

#6 Jan 18, 2013
drahos wrote:
Oh yeah, I forgot to tell you know that the federal reserve is also a PRIVATE BANK. "It's as federal as federal express"
You are so sexy when you talk about money!

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#7 Jan 18, 2013
that girl wrote:
<quoted text>
You are so sexy when you talk about money!
lmao thanks, you should see me when I get going on nutrition or quantum physics, Heisenberg's quantum uncertainty theorem get me FIRED UP! ;)
that girl

Owensboro, KY

#8 Jan 19, 2013
drahos wrote:
<quoted text>lmao thanks, you should see me when I get going on nutrition or quantum physics, Heisenberg's quantum uncertainty theorem get me FIRED UP! ;)
Oh my! You're making me HOT!!
Wild bill

Owensboro, KY

#9 Jan 22, 2013
It's a zionists controlled institution that's completely privatized. Nothing federal about it. We're all fuc$ed.
your name here

Owensboro, KY

#10 Jan 22, 2013
Here is the Federal Reserve in a nut shell.

The FR loans money to banks. A bank asks for money and the FR makes a debit entry on the FR books and makes a credit entry on the bank's books.

Money is just made out of thin air, with no real assets to back either book entry possible. The only reason this is possible is just because we accept as so.

Level 1

Since: Nov 12

Tucker, GA

#11 Apr 11, 2013
Thank you to all of your great and accurate answers. Its good to know there are intellectual minds out there that recognize what's real and can pull the wool from your eyes. Some of you all have done your research and can appreciate that. I asked that question just to see what kind of response I would get. Honestly, I'm impressed. Thank you again. And absolutely I'll post a question which requires some more thought.

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#12 Apr 11, 2013
Jarrett Thomson wrote:
Thank you to all of your great and accurate answers. Its good to know there are intellectual minds out there that recognize what's real and can pull the wool from your eyes. Some of you all have done your research and can appreciate that. I asked that question just to see what kind of response I would get. Honestly, I'm impressed. Thank you again. And absolutely I'll post a question which requires some more thought.
I was just joking about the 'asking a question that requires more thought'. I just wanted to create a 'segway' to other things about which everyone needs to look.
How

Owensboro, KY

#13 Apr 11, 2013
The USA is still a capitalist country. People start their own businesses and compete with each other to provide the best goods and services at the best prices. In line with that philosophy, we should start our own federal reserve, and run it more efficiently, printing higher quality money faster.
michael

Georgetown, IN

#14 Apr 11, 2013
U.S.dollar is worth about 45. cents
How

Owensboro, KY

#15 Apr 11, 2013
michael wrote:
U.S.dollar is worth about 45. cents
That's because it's cheaply made. People no longer have any respect for quality of workmanship. We seriously need to start a competitive service. We can put them out of business.

“Don't read what's to the right”

Level 8

Since: Aug 11

Owensboro, KY

#16 Apr 12, 2013
How wrote:
<quoted text>
That's because it's cheaply made. People no longer have any respect for quality of workmanship. We seriously need to start a competitive service. We can put them out of business.
It's because of hyperinflation and quantitative easing.
Workmanship has nothing to do with it when you don't make anything anymore. We have become a service industry. Our government counts every hamburger cooked at McDonald's as a tick towards "manufacturing". The fact that we're staying 'afloat' is an absolute facade.

“I like to rip girls apart”

Level 1

Since: Jan 13

Location hidden

#17 Apr 12, 2013
Why would the general public care when there are so much more interesting things in the news? Such as Kim K. Being pregnant, Buckwild or whichever star is having another mini marriage? Face it, the majority are too ignorant to see or even care. America is going to be another fallen country and only a thing for history books. Students, 200 or so years from now, will be studying the prosperous beginning, the eventual giving up of freedoms for security and the eventual demise.
How

Owensboro, KY

#18 Apr 12, 2013
Jack the Rip_per wrote:
Why would the general public care when there are so much more interesting things in the news? Such as Kim K. Being pregnant, Buckwild or whichever star is having another mini marriage? Face it, the majority are too ignorant to see or even care. America is going to be another fallen country and only a thing for history books. Students, 200 or so years from now, will be studying the prosperous beginning, the eventual giving up of freedoms for security and the eventual demise.
There are a lot more millionaires and billionaires now than there were in the "prosperous beginning" which was prosperous only because there was a lot more land than people. I would never choose to live the way people did in the 1700's. By our standards, they suffered a lot of what we would now consider to be poverty and squalor. They died of diseases we don't even have to think about anymore. They had no iPads and no Hondas. Compared to them, even the average nobody is relatively rich in the availability of modern goods and services they couldn't even dream of then. We're living in a fantasy future beyond their imagination. All we need is our own federal reserve, to print us whatever money we need, and we have it made.

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