The President has failed us

The President has failed us

There are 393331 comments on the Times News story from Jun 9, 2012, titled The President has failed us. In it, Times News reports that:

This week, I decided to list the reasons I would not vote for Barack Obama in the next election.

Join the discussion below, or Read more at Times News.

Since: Mar 11

St. Croix valley

#246623 Feb 27, 2014
Sunnier wrote:
What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don't really think about the Fed much.
Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all.
The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt.
During this election year, the economy is the number one issue that voters are concerned about. But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve.
The Federal Reserve has more power over the performance of the U.S. economy than anyone else does. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did.
If the American people are ever going to learn what is really going on with our economy, then it is absolutely imperative that they get educated about the Federal Reserve.
The following are 10 things that every American should know about the Federal Reserve....
or...a sane american who cares to know about their own nation would look back at eh history of major banking and market failures before we created the fed.

those same sane americans would not propose going back to a proven failed policy.

history is fun!

“Slice and Dice ”

Since: Jan 14

SUNNY

#246624 Feb 27, 2014
#1 The Federal Reserve System Is A Privately Owned Banking Cartel

The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website....

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation'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 ownership 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.

Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. So it would be accurate to say that the Federal Reserve is partially foreign-owned.

But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.

“Try Reuters.”

Level 8

Since: Mar 07

Location hidden

#246625 Feb 27, 2014
Brian_G wrote:
http://www.reuters.com/article /2014/02/18/usa-wage-cbo-idUSL 2N0LN14Q20140218
Feb 18 (Reuters)- Raising the U.S. federal minimum wage to $10.10, as President Barack Obama and Democrats in Congress are proposing, could result in about 500,000 jobs being lost by late 2016, the Congressional Budget Office (CBO) estimated on Tuesday.
The non-partisan CBO also said that increasing the hourly wage could reduce U.S. budget deficits by a small amount for several years, but then increase them slightly in later years.
Oh, fox hockey. Let's get on with passing the American Jobs Act of 2013 and ensure that we don't lose anymore jobs to cheaper labor elsewhere when we have provided corporatists with incentives to take those jobs out of the country. That should fix the problem and end the concerns. Once the profit to flee dissipates and the incentive to bring it back on shore increases, we can recalculate what the CBO comes up with and provide an entirely different scenario. China has become far less attractive as wages have increased and profit declined. So, let's end tax credits and deductions for outsourcing.

I like THAT idea better than leaving the minimum wage so far in the toilet that middle class taxpayers are saddled with providing more of their own earnings got out poverty stricken WORKING Americans - instead of them having discretionary income with which to purchase goods and services which would cause businesses to hire more employees and reduce the glut of unemployed (read needy) Americans.

Since: Mar 11

St. Croix valley

#246626 Feb 27, 2014
Rico from East Los II wrote:
<quoted text>
Positronium wants to follow failed Nations such as the USSR & North Korea with the isolationist thing.
Apparently, he believes we can be a super power & prosper the same way Kim Jong Ill thinks North Korea is with the isolation thing.
how a person in today's world can deny we live in a global economy and a global world is beyond me...

“Gloria Ad Caput Venire”

Level 9

Since: Jan 08

Trump 2016 and beyond

#246627 Feb 27, 2014
woodtick57 wrote:
<quoted text>yes, that is easy to deny as just another of your totally paranoid delusions that you have no facts whatsoever to back up...
i gave you clear examples as to why your crackpot thinking is wrong and you just repeat what i showed to be false...good job, little slugger...
so do you buy only items made in the US?
There are many that will deny the fact that both parties are playing the citizens of the US for fools and they both are in collusion with Obama and company to promote an agenda of globalism at the cost of our nation's independence and the sooner our citizenry realizes this, the longer our nation will survive.
Globalism and diversity are the two main factors that are reducing our nation to third world status and putting us into the same sewer as them.
People that promote this ideal should be exposed and shunned for the damage they are causing to our nation.
This mindset runs rampant in our universities and is supported by communists and black hearted liberal indoctrinators who reside there.
This fact can be discerned by those that understand the wordsmith who is at the heart of the problem.

“Try Reuters.”

Level 8

Since: Mar 07

Location hidden

#246628 Feb 27, 2014
"to go out to subsidizing" poverty stricken WORKING Americans - instead of having discretionary income..........

(Trying to post and having somebody interrupt with long winded conversation without reviewing what I wrote.) I "think" that's what I was trying to say.

LOL

Since: Mar 11

St. Croix valley

#246629 Feb 27, 2014
Jaxxon wrote:
<quoted text>
Focus woodtick.
There is only a limited amount of wealth available at any given point in time.
True or false?
yes, and the next second there can be more...

you statement is obvious anytime you take a frozen slice of time everything in it is static and fixed.

there is also a limited amount of CO2 in the air at any given point in time, but it changes all the time...
basically your statement means nothing at all.

how is wealth created? i gave an example of it, why can't you?

“Gloria Ad Caput Venire”

Level 9

Since: Jan 08

Trump 2016 and beyond

#246630 Feb 27, 2014
Jaxxon wrote:
<quoted text>
Who said there was a "finite pie of wealth" woodtick?
I said there was only a certain amount of wealth available at any given time. A point which you conceded just before you wondered off into loony land and started misrepresenting what I said.
I also said that the creation of new wealth was more complicated than simply raising profits.
Another true statement which you have yet to disprove.
There is a limited amount of wealth available at any given time and the creation of new wealth is more complicated than simply raising profits.
Prove either of those points wrong and you have won this debate.
I don't believe he can prove those points wrong.

“Try Reuters.”

Level 8

Since: Mar 07

Location hidden

#246631 Feb 27, 2014
woodtick57 wrote:
<quoted text>so how do we create wealth, then? why si it you cannot answer this so simple question? i did answer it. why can't you?
There is a pie. No? The pie represents "wealth" or "GDP" or the sum total of what is available. No?

Now, I have never read anything or seen any graphs by any economist that says "There is actually a pie and a half to divide by however many ways we decide to divide it". Nope. There is one pie at a time to be divided. The value of the pie may grow or shrink depending on how many cherries we put in the thing and how much is just sugar filler, but there is a fixed number over a set period of time that constitutes the total pie available for distribution. You may get a larger slice, but it will come at somebody else's expense who will receive a smaller piece or just a bunch of crumbs.

“Gloria Ad Caput Venire”

Level 9

Since: Jan 08

Trump 2016 and beyond

#246632 Feb 27, 2014
Rico from East Los II wrote:
<quoted text>
Positronium wants to follow failed Nations such as the USSR & North Korea with the isolationist thing.
Apparently, he believes we can be a super power & prosper the same way Kim Jong Ill thinks North Korea is with the isolation thing.
No I don't..... I am saying we need to be more independent, not totally independent. There are degrees of independent, you know, and N Korea is of the extreme.
What are you? one of those "all or nothing" people?

Level 6

Since: Jan 13

Location hidden

#246633 Feb 27, 2014
woodtick57 wrote:
<quoted text>yes, and the next second there can be more...
you statement is obvious anytime you take a frozen slice of time everything in it is static and fixed.
there is also a limited amount of CO2 in the air at any given point in time, but it changes all the time...
basically your statement means nothing at all.
how is wealth created? i gave an example of it, why can't you?
"yes, and the next second there can be more..."

So, my original contention that there is only a certain amount of wealth available at any given point in time was correct.

Now we're getting somewhere.

My next point...there is more to creating new wealth than simply increasing profits.

True or false.

“Gloria Ad Caput Venire”

Level 9

Since: Jan 08

Trump 2016 and beyond

#246634 Feb 27, 2014
Rico from East Los II wrote:
<quoted text>
Positronium wants to follow failed Nations such as the USSR & North Korea with the isolationist thing.
Apparently, he believes we can be a super power & prosper the same way Kim Jong Ill thinks North Korea is with the isolation thing.
We could be THE super power by being more independent by choosing our friends wisely.

“Slice and Dice ”

Since: Jan 14

SUNNY

#246635 Feb 27, 2014
#2 The Federal Reserve System Is A Perpetual Debt Machine
As long as the Federal Reserve System exists, U.S. government debt will continue to go up and up and up.
This runs contrary to the conventional wisdom that Democrats and Republicans would have us believe, but unfortunately it is true.
The way our system works, whenever more money is created more debt is created as well.
For example, whenever the U.S. government wants to spend more money than it takes in (which happens constantly), it has to go ask the Federal Reserve for it. The federal government gives U.S. Treasury bonds to the Federal Reserve, and the Federal Reserve gives the U.S. government "Federal Reserve Notes" in return. Usually this is just done electronically.
So where does the Federal Reserve get the Federal Reserve Notes?
It just creates them out of thin air.
Wouldn't you like to be able to create money out of thin air?
Instead of issuing money directly, the U.S. government lets the Federal Reserve create it out of thin air and then the U.S. government borrows it.
Talk about stupid.
When this new debt is created, the amount of interest that the U.S. government will eventually pay on that debt is not also created.
So where will that money come from?
Well, eventually the U.S. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into.
It is a debt spiral that is designed to go on perpetually.
You see, the reality is that the money supply is designed to constantly expand under the Federal Reserve system. That is why we have all become accustomed to thinking of inflation as "normal".
So what does the Federal Reserve do with the U.S. Treasury bonds that it gets from the U.S. government?
Well, it sells them off to others. There are lots of people out there that have made a ton of money by holding U.S. government debt.
In fiscal 2011, the U.S. government paid out 454 billion dollars just in interest on the national debt.
That is 454 billion dollars that was taken out of our pockets and put into the pockets of wealthy individuals and foreign governments around the globe.
The truth is that our current debt-based monetary system was designed by greedy bankers that wanted to make enormous profits by using the Federal Reserve as a tool to create money out of thin air and lend it to the U.S. government at interest.
And that plan is working quite well.
Most Americans today don't understand how any of this works, but many prominent Americans in the past did understand it.
For example, Thomas Edison was once quoted in the New York Times as saying the following....
That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.
Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.
But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.
We should have listened to men like Edison and Ford.
But we didn't.
And so we pay the price.
Yes,the perpetrual debt machine is working quite well,and most Americas do not even realize what is happening..

Level 6

Since: Jan 13

Location hidden

#246636 Feb 27, 2014
positronium wrote:
<quoted text>I don't believe he can prove those points wrong.
I don't either, but I would be interested in hearing what he has to say if he could just focus on what was actually said.

Since: Mar 11

St. Croix valley

#246637 Feb 27, 2014
Jaxxon wrote:
<quoted text>
"yes, and the next second there can be more..."
So, my original contention that there is only a certain amount of wealth available at any given point in time was correct.
Now we're getting somewhere.
My next point...there is more to creating new wealth than simply increasing profits.
True or false.
yes. you are confusing trading currency and creating wealth.

so can you prove my example of creating wealth wrong? why not?

when i make a bird feeder out of a log, i am creating wealth. i did not take any wealth from others,. i created it. simple as that. see it really isn't that hard to create wealth, is it?
SAM

East Lansing, MI

#246638 Feb 27, 2014
NTRPRNR1 wrote:
We need a vibrant middle class
By Jennifer Erickson
Sat February 15, 2014
http://www.cnn.com/2014/02/15/opinion/erickso...
[EXCERPT:].....Last summer, a commercial funded by the conservative Charles Koch Foundation tried to persuade people that the middle class in America is actually rich by pointing out that someone making over $34,000 -- a decidedly middle-class income -- was part of "the wealthiest 1% in the world."
Seriously? Let's look more closely at this idea that the poor -- or even the middle class -- in America are actually wealthy.
Konheim's argument probably does not hold much weight among millions of Americans who skipped filling a prescription in 2012 because of the costs, according to Commonwealth Fund's Biennial Health Insurance Survey. Nor does it likely ring true for many in the middle class who are trying to buy a home at a time when home prices have doubled since 1970. And let's not forget the cost of a public four-year college education, which has risen by an eye-watering 250% over the past 30 years.
The federal poverty level in the United States for a family of four is $23,550, significantly less than estimated living expenses. More than 3 million Americans earn the minimum wage or lower, and today's minimum wage has 30% less buying power in real terms than the minimum wage in 1968. Or put another way, someone on minimum wage would have to work for more than 130 hours to buy the $950 dress that Konheim's company is selling right now at Saks Fifth Avenue.
To be sure, Americans do not need to buy luxury dresses. But they do need to buy food. And according to the U.S. Department of Agriculture, more than 14% of Americans were food insecure at some point in 2012. In other words, in the wealthiest country on Earth, millions of Americans could not be sure where their next meal was coming from. And poverty is much more prevalent than you might think -- more than half of Americans between the ages of 25 and 64 will spend a year of their lives in or near poverty.
As worrisome as these statistics are on U.S. poverty levels, there is also alarming data about the state of the middle class.
Median incomes in America are actually lower now than they were in 2000, and household debt levels have skyrocketed. If we look at millennials -- the youngest part of our workforce -- there were 10 million of them who were unemployed or underemployed last summer, more than the entire population of New York City.
Comparisons Konheim would have us make with developing countries miss the point. The United States is not a developing country, and it does not serve us well to try to ignore the real difficulties of many Americans. So the question is not whether a full-time retail worker earning $14,000 in Texas is better off than a full-time retail worker in India, or even whether a household with $34,000 in Philadelphia is doing better than many families in China. The question is whether the economic conditions we have now are serving us -- all of us -- well.
And the answer to that is: not really. Or, more positively: We can certainly do better.(CONT.)
Greetings- long time

Since: Mar 11

St. Croix valley

#246639 Feb 27, 2014
positronium wrote:
<quoted text>We could be THE super power by being more independent by choosing our friends wisely.
how can we be a super power if we are totally isolated from the world?!?!

you can't really be as stupid as you seem to be, can you?

“Slice and Dice ”

Since: Jan 14

SUNNY

#246640 Feb 27, 2014
#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar

Did you know that the U.S. dollar has lost 96.2 percent of its value since 1900? Of course almost all of that decline has happened since the Federal Reserve was created in 1913.

Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value.

Inflation is a "hidden tax" that continually robs us all of our wealth. The Federal Reserve always says that it is "committed" to controlling inflation, but that never seems to work out so well.

And current Federal Reserve Chairman Ben Bernanke says that it is actually a good thing to have a little bit of inflation. He plans to try to keep the inflation rate at about 2 percent in the coming years.

So what is so bad about 2 percent? That doesn't sound so bad, does it?

Well, just consider the following excerpt from a recent Forbes article....

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

Since: Mar 11

St. Croix valley

#246641 Feb 27, 2014
Jaxxon wrote:
<quoted text>
"yes, and the next second there can be more..."
So, my original contention that there is only a certain amount of wealth available at any given point in time was correct.
Now we're getting somewhere.
My next point...there is more to creating new wealth than simply increasing profits.
True or false.
yes, it was rrect, but pointless as i stated.

how do you create wealth, jax? why are you clearly avoiding this question?

“Slice and Dice ”

Since: Jan 14

SUNNY

#246642 Feb 27, 2014
#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability

The American people got so upset about the bailouts that Congress gave to the Wall Street banks and to the big automakers, but did you know that the biggest bailouts of all were given out by the Federal Reserve?

Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis. They even secretly loaned out hundreds of billions of dollars to foreign banks.

According to the results of the limited Fed audit mentioned above, a total of $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010.

The following is a list of loan recipients that was taken directly from page 131 of the audit report....

Citigroup -$2.513 trillion
Morgan Stanley -$2.041 trillion
Merrill Lynch -$1.949 trillion
Bank of America -$1.344 trillion
Barclays PLC -$868 billion
Bear Sterns -$853 billion
Goldman Sachs -$814 billion
Royal Bank of Scotland -$541 billion
JP Morgan Chase -$391 billion
Deutsche Bank -$354 billion
UBS -$287 billion
Credit Suisse -$262 billion
Lehman Brothers -$183 billion
Bank of Scotland -$181 billion
BNP Paribas -$175 billion
Wells Fargo -$159 billion
Dexia -$159 billion
Wachovia -$142 billion
Dresdner Bank -$135 billion
Societe Generale -$124 billion
"All Other Borrowers" -$2.639 trillion

So why haven't we heard more about this?

This is scandalous.

In addition, it turns out that the Fed paid enormous sums of money to the big Wall Street banks to help "administer" these nearly interest-free loans....

Not only did the Federal Reserve give 16.1 trillion dollars in nearly interest-free loans to the "too big to fail" banks, the Fed also paid them over 600 million dollars to help run the emergency lending program. According to the GAO, the Federal Reserve shelled out an astounding $659.4 million in "fees" to the very financial institutions which caused the financial crisis in the first place.

Does reading that make you angry?

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