Comments on: MUST READ: THE REAL REASON BEHIND THE FED SECRECY http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy Thu, 11 Mar 2010 21:57:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tim Singleton http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-7561 Tim Singleton Wed, 21 Oct 2009 18:04:44 +0000 http://pragcap.com/?p=9981#comment-7561 Don't be so quick to accept Snope's refutal of the quote. Even based on their own comments from their site, I say even if the quote you used orginally was a paraphrase of several comments, it are no less true for it. If Jefferson did not say it, I am sure he would bless this paraphrase of his words with total approval. If... -Tim Don’t be so quick to accept Snope’s refutal of the quote. Even based on their own comments from their site, I say even if the quote you used orginally was a paraphrase of several comments, it are no less true for it.

If Jefferson did not say it, I am sure he would bless this paraphrase of his words with total approval.

If…

-Tim

]]> By: Steve http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-7293 Steve Sun, 18 Oct 2009 17:30:38 +0000 http://pragcap.com/?p=9981#comment-7293 Go Ron Paul ! The FED has only made the problem worse. Why is such a large institution unaudited. Power corrupts absolute power = absolute corruption. Time for a new govt not the GOP or Dems , they only want to fill their pockets. Dont start the revolution without Ron Paul and Jesse Ventura. Go Ron Paul !
The FED has only made the problem
worse. Why is such a large institution unaudited.
Power corrupts absolute power = absolute corruption.
Time for a new govt not the GOP or Dems , they only
want to fill their pockets.
Dont start the revolution without Ron Paul and Jesse Ventura.

]]> By: Jill http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-7146 Jill Thu, 15 Oct 2009 10:33:29 +0000 http://pragcap.com/?p=9981#comment-7146 This is crazy. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. The financial sector is the Phillip Morris of the new millineum but not for the reasons you all believe. There's a blazing fire spreading on the ground and we keep testing the ice to make sure it isn't melting. If we'd just let it melt, it would put the fire out. There's a proposal being worked on right now that candidates for office and politicians be sworn in before addressing the people they work for - that's you and me! Please take a few minutes to learn more http://future-liberty.blogspot.com/2009/09/suicide-notes-as-literature.html May God bless all of us with a thirst for the truth. The truth is out there and can be found in both technical and laymans terms. God bless America! This is crazy.
Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress. Congress CREATED the Fed. The Fed is ALREADY accountable to Congress.

The financial sector is the Phillip Morris of the new millineum but not for the reasons you all believe.

There’s a blazing fire spreading on the ground and we keep testing the ice to make sure it isn’t melting.

If we’d just let it melt, it would put the fire out.

There’s a proposal being worked on right now that candidates for office and politicians be sworn in before addressing the people they work for – that’s you and me!

Please take a few minutes to learn more http://future-liberty.blogspot.com/2009/09/suicide-notes-as-literature.html

May God bless all of us with a thirst for the truth. The truth is out there and can be found in both technical and laymans terms.
God bless America!

]]> By: Jack Faulk http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-7072 Jack Faulk Tue, 13 Oct 2009 23:49:19 +0000 http://pragcap.com/?p=9981#comment-7072 The Federal Reserve Bank is the biggest ponzi game in the history of this country. Bernie Madoff an his ponzi game was nothing compared to the the set-up of the Fed and the wall street banks, which in turn are controlled by the Rothschild controlled banks in London, England, which is the financial center of the world. Google Eustace Mullins and the Federal Reserve Bank. You will get over 140,000 hits. Mullins was the first man to research and write a book about the Federal Reserve Bank in America. He is still alive today, around 85 years old. He wrote a book back in 1948 called "The Secret History of the Federal Reserve Bank". You can read it on line for free, its around 200 pages. The Fed is behind all the wars America has ever been envolved with in its history. They also behind every depression and recession America has been in. There is also a video around 1 hour and 38 minutes long of Eustace Mullins being interviewed by a man, asking him everything about the Federal Reserve System. This is usually in the first couple of pages of hits of googling Eustace Mullins and the Federal Reserve Bank. If you read his book and watch and listen to him, you will discover that the people behind this fraud are evil and have no conscience. How can you for give people who cause millions of deaths and millions who become wounded and suffer most of their lives, from the many wars they finance and fool the people into thinking the wars a justified. Jack Faulk The Federal Reserve Bank is the biggest ponzi game in the history of this country. Bernie Madoff an his ponzi game was nothing compared to the the set-up of the Fed and the wall street banks, which in turn are controlled by the Rothschild controlled banks in London, England, which is the financial center of the world. Google Eustace Mullins and the Federal Reserve Bank. You will get over 140,000 hits. Mullins was the first man to research and write a book about the Federal Reserve Bank in America. He is still alive today, around 85 years old. He wrote a book back in 1948 called “The Secret History of the Federal Reserve Bank”. You can read it on line for free, its around 200 pages. The Fed is behind all the wars America has ever been envolved with in its history. They also behind every depression and recession America has been in. There is also a video around 1 hour and 38 minutes long of Eustace Mullins being interviewed by a man, asking him everything about the Federal Reserve System. This is usually in the first couple of pages of hits of googling Eustace Mullins and the Federal Reserve Bank. If you read his book and watch and listen to him, you will discover that the people behind this fraud are evil and have no conscience. How can you for give people who cause millions of deaths and millions who become wounded and suffer most of their lives, from the many wars they finance and fool the people into thinking the wars a justified. Jack Faulk

]]> By: william http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6968 william Sun, 11 Oct 2009 23:54:12 +0000 http://pragcap.com/?p=9981#comment-6968 What ever happened to "we the people" it`s now "we the government and the federal reserve and wall street and other corporations" our government has not acted in the peoples best interest eith now or in our past history, and i dont it will do so in the future either. What ever happened to “we the people” it`s now “we the government and the federal reserve and wall street and other corporations” our government has not acted in the peoples best interest eith now or in our past history, and i dont it will do so in the future either.

]]> By: Leland http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6742 Leland Tue, 06 Oct 2009 17:50:16 +0000 http://pragcap.com/?p=9981#comment-6742 Eric, when a broker loans shares to a short seller, they take the short seller's IOU and hold it in support of any claims by their customers against the shares loaned. Their customers have an unencumbered claim (they can demand them back at any time) against whatever number of shares they have purchased, and which their broker is (supposedly) holding for them in trust. Whoever buys the shares loaned to the short seller also has an unencumbered claim against that same number of shares. No matter how you try to explain it, that transaction inflates the total number of shares against which owners have an unencumbered claim by the number of shares loaned to the short seller. Since the number of shares "owned" has increased due to that inflation, without the company having issued any more shares, you end up with more shares "owned" than were issued and there must logically be multiple people each having an unencumbered claim against the same shares. If you can't understand that much, it would be pointless for me to try and explain any of the rest. Eric, when a broker loans shares to a short seller, they take the short seller’s IOU and hold it in support of any claims by their customers against the shares loaned. Their customers have an unencumbered claim (they can demand them back at any time) against whatever number of shares they have purchased, and which their broker is (supposedly) holding for them in trust. Whoever buys the shares loaned to the short seller also has an unencumbered claim against that same number of shares. No matter how you try to explain it, that transaction inflates the total number of shares against which owners have an unencumbered claim by the number of shares loaned to the short seller. Since the number of shares “owned” has increased due to that inflation, without the company having issued any more shares, you end up with more shares “owned” than were issued and there must logically be multiple people each having an unencumbered claim against the same shares. If you can’t understand that much, it would be pointless for me to try and explain any of the rest.

]]> By: Eric http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6720 Eric Tue, 06 Oct 2009 03:18:53 +0000 http://pragcap.com/?p=9981#comment-6720 Leland if you have an account with a brokerage the shares are held in the brokerage name and they can do whatever they want with them. If you do not want your shares to be shorted you can take physical possession of the certificate and hold them in your name. The only companies that ever have a "run" are insolvent companies such as Lehman. To claim shorts took Lehman or any other financial down is ignorant. It was the 30 to 1 leverage with worthless assets that took these companies down. There is a reason why there are not runs on strong companies with true earnings, assets and cash...you will never see a run on pg, jnj, aapl etc...You really need to educate yourself before you type windbag claims in which you do not have the facts correct. Brokers hold inventories of stock and there is never two owners on a stock....it is not possible. Leland if you have an account with a brokerage the shares are held in the brokerage name and they can do whatever they want with them. If you do not want your shares to be shorted you can take physical possession of the certificate and hold them in your name. The only companies that ever have a “run” are insolvent companies such as Lehman. To claim shorts took Lehman or any other financial down is ignorant. It was the 30 to 1 leverage with worthless assets that took these companies down. There is a reason why there are not runs on strong companies with true earnings, assets and cash…you will never see a run on pg, jnj, aapl etc…You really need to educate yourself before you type windbag claims in which you do not have the facts correct. Brokers hold inventories of stock and there is never two owners on a stock….it is not possible.

]]> By: UK35 http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6667 UK35 Sun, 04 Oct 2009 02:52:26 +0000 http://pragcap.com/?p=9981#comment-6667 Erich, that is entirely wrong. The fed creates money ex nihilo and purchases assets with it. They're making money out of thin air when the FOMC types away at their magic money printing computers. Research quant easing and FOMC open market ops. Erich,

that is entirely wrong. The fed creates money ex nihilo and purchases assets with it. They’re making money out of thin air when the FOMC types away at their magic
money printing computers. Research quant easing and FOMC open market ops.

]]> By: erich http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6665 erich Sat, 03 Oct 2009 19:30:01 +0000 http://pragcap.com/?p=9981#comment-6665 another popular fallacy is the Fed prints money out of thin air. For every new dollar created the Fed takes in an asset on its books, i.e. "thin air" is really real estate etc. This process is reversible (exit strategies discussed). A bigger problem is our elected body aka Congress, who is spending without abandon and potentially forcing the Fed to buy their paper aka monetizing the debt; that then would truly be creating money out of thin air. So, do you really have more trust in Congress? Honestly? another popular fallacy is the Fed prints money out of thin air. For every new dollar created the Fed takes in an asset on its books, i.e. “thin air” is really real estate etc. This process is reversible (exit strategies discussed).
A bigger problem is our elected body aka Congress, who is spending without abandon and potentially forcing the Fed to buy their paper aka monetizing the debt; that then would truly be creating money out of thin air.
So, do you really have more trust in Congress? Honestly?

]]> By: Bart Hartzell http://pragcap.com/must-read-the-real-reason-behind-the-fed-secrecy#comment-6663 Bart Hartzell Sat, 03 Oct 2009 18:26:20 +0000 http://pragcap.com/?p=9981#comment-6663 I just finished reading "End the Fed" by Dr. Ron Paul, and I agree wholeheartedly with his concludions. The Fed should not only be audited, it should be abolished. First of all, it is not constitutional. Nowhere in the Concstitution does it provide for a private central bank. Secondly, it provides only for gold and silver money not paper currency, which the Fed can inflate by controlling interest rates and printing money out of thin air.There is no transparency in the Fed's operations, which are a closely held secret both from Congress and the American people. I just finished reading “End the Fed” by Dr. Ron Paul, and I agree wholeheartedly with his concludions. The Fed should not only be audited, it should be abolished.
First of all, it is not
constitutional. Nowhere in the Concstitution does it provide for a private central bank. Secondly, it provides only for gold and silver money not paper currency, which the Fed can inflate by controlling interest rates and printing money out of thin air.There is no transparency in the Fed’s operations, which are
a closely held secret both from Congress and the American people.

]]>