patrick.net

?

Not sure what you object to about the Fed.

They screwed up somewhat in 2003 by not throttling down lending by raising interest rates, and this by appearances was a political decision to help the Republicans stay in power in 2004. Perhaps with the war and all they felt they couldn't in good conscience throw cold water on a recovery.

And they also screwed up not raising red flags to the other parts of the oversight system that lending practices had gone suicidal 2005-2006.

But they were not the real driver of the disasters of the previous decade. That was purely the administration hell-bent on repeating the S&L crisis but bigger.

http://research.stlouisfed.org/fred2/series/CMDEBT

I don't have any solution but I certainly admire the problem.

If you have a fiat currency, you need an independent central bank.

If you don't have a fiat currency, you don't need an independent central bank.

It's all about trade offs. Do you believe that our economy would be stronger if we didn't have a fiat currency? Would life be better for most people?

If not, then what dominance are you trying to break free of?

This post talks about some of the reasons:

http://patrick.net/?p=29059

Here are other links:

http://finance.yahoo.com/tech-ticker/ron-paul-doesnt-want-to-violently-overthrow-the-fed-he-just-wants-to-see-it-go-away-yftt_535916.html

http://finance.yahoo.com/blogs/breakout/jim-rogers-close-federal-20110321-082702-978.html

This may be one of my dumber posts...

shrekgrinch says

The amount was set via legislation and the Treasury issued them out — debt free fiat money

You're advocating Congress setting money supply? Really?

So you don't see any threat of Congress making sure the economy is rolling before election time?

shrekgrinch says

tatupu70 says

So you don’t see any threat of Congress making sure the economy is rolling before election time?

As opposed to the Fed doing the same thing in ‘the background’? Or when the FED creates money to fund ’stimulus’ (government pork barrel) spending directly? Puleez.

Yes, you are right, of course. I get a warm, fuzzy feeling whenever I imagine Michele Bachmann and Barney Frank getting together to decide how much money we should print in 2011.

Troy says

They screwed up somewhat in 2003 by not throttling down lending by raising interest rates,

This may be the understatement of the year...

shrekgrinch says

tatupu70 says

Yes, you are right, of course. I get a warm, fuzzy feeling whenever I imagine Michele Bachmann and Barney Frank getting together to decide how much money we should print in 2011.

So, you would rather have UNELECTED and UNCOUNTABLE bankster whores inflating the money supply instead? It is just ok when they have the name Federal Reserve on their business cards instead of Goldman Sachs, is that it?

Yes, I would. Because it's the least of all evils. Elected officials have an obvious conflict of interest. Unelected officials at least have the possibility of impartiality.

And I would argue that they are not unaccountable by any means. Minutes of the meetings are released and their decisions are analyzed everywhere.

Break free of the Bank of International Settlement's (BIS) dominance, and you might have a chance at breaking free of the US Federal Reserve's dominance.

Most Americans remain oblivious to the BIS and that it is a privately owned corporation. It is owned by the 169 central banks worldwide. The US Federal Reserve is only one of these 169 banks. The BIS, through it's Financial Stability Board (FSB), coordinates the activities of the 169 banks worldwide.

One of the key members of the FSB is the World Bank. The World Bank is one of the main financial arms of the United Nations. The World Bank was created by two communists.

Going after the US central bank when the BIS exists is like attacking the little toe of a Giant. This is why Ron Paul is allowed to exist, and why he is allowed media air time at all.

Our world society is already onboard with world communitarianism (a cross between socialism and communism), as reflected by the massive "pro-green sustainable/anti-carbon legislation" following worldwide. There is no turning back.

There may be a war in the US once Joe Sixpack figures it out. He'll be promptly squashed and also identified as a domestic terrorist with no legal rights by the consensus-building mainstream media.

Ladies and gentlemen, thanks for participating. The New World Order (that is, the BIS and the UN/World Bank) is already here and it's here to stay for a very long time. If you feel as if you still have "freedom of choice" this is an illusion. You are allowed this illusion since it makes it easier to track the dissenters. All the more easier to squash them when the time comes for this.

The party is already over. The time for dissent was in 1913 when Woodrow Wilson allowed America to be raped by international central bankers. They created the US Federal Reserve and received power to privately manage the US economy forever afterward.

All that's happening now is the social-psyops revolution phase, where the masses are "allowed" to learn everything I have written above in such a way that they will support it, which they are doing quite well indeed.

Remember to turn out the lights when you finish the last bottle of wine, would ya? If you want a souvenir, remember to take your printed copy of UN Agenda with you. You received this public invitation in your mailbox back in 1992.

Jason--

It seems you and others here share a similar viewpoint. So, give me some concrete examples of how the BIS is running things. What freedoms are we losing? What steps is the BIS taking that we should be fighting?

Elect Ron Paul as a president. He has been asking to end the fed for years now.

tatupu70 says

Jason–
It seems you and others here share a similar viewpoint. So, give me some concrete examples of how the BIS is running things. What freedoms are we losing? What steps is the BIS taking that we should be fighting?

Who's fighting the mothership, the BIS? No one, as far as I know. I'm a critic since I am not pleased with the results they have achieved so far (look at the economies and social trends of the countries that have these same 169 central banks). The BIS is above international law or any level of transparency. You tell me -- should the world's most powerful corporation, managed by unelected "leaders," be allowed this level of power and control? Is this good for the planet?

For most people I think there's a spiritual response, and a more everyday material response, and they don't necessarily meet at the same place. The world is already "perfect" and the spiritual path of the individual is to ultimately realize this perfection in order to transcend (not get rid of, but integrate) their everyday existence. The spiritual path is always internal. That we need a world leader to resolve each individual's spiritual path by making a more perfect world strongly suggests a power grab under fraudulent pretenses.

On the other hand, having world government for the sake of world stability and peace seems a noble cause. As long as that government is elected and as long as the elected leaders have a strong track record of positive results for the people, it seems a path worth pursuing. Unfortunately, these leaders are not elected and they have poor track records. This in itself may be a good reason for most people to fight the BIS.

This whole thing reminds me of an anti-war slogan that popped up during the war demonstrations against our invasion of Iraq -- "Fighting for peace is like fucking for virginity." The BIS seems to live by the sword, funding war and human suffering all over the globe for the sake of profit. For the BIS and World Bank to suggest that the planet should readily follow their plan for "peace" is a bit suspect, don't you think?

The world has already been shown that peace may be arrived at through peace (Ghandi and many others). There are those who say that such a thing is naive, but the reality is that it exists. For our world leaders to suggest that peace may only be arrived at through the sword speaks volumes about their spiritual standing as individuals and as a group. Perhaps this is the essence of the expected spiritual war that so many individuals of "faith" have warned about for so long.

But I am only one person and my opinion really doesn't matter.

All I am really suggesting here -- the gist of my response -- is that if someone is going to bother with the US central bank, they might want to look up at the face of the giant who's little toe they are stepping on. It's really an attack on the BIS.

Jason K. says

tatupu70 says

Jason–

It seems you and others here share a similar viewpoint. So, give me some concrete examples of how the BIS is running things. What freedoms are we losing? What steps is the BIS taking that we should be fighting?

Who’s fighting the mothership, the BIS? No one, as far as I know. I’m a critic since I am not pleased with the results they have achieved so far (look at the economies and social trends of the countries that have these same 169 central banks). The BIS is above international law or any level of transparency. You tell me — should the world’s most powerful corporation, managed by unelected “leaders,” be allowed this level of power and control? Is this good for the planet?
For most people I think there’s a spiritual response, and a more everyday material response, and they don’t necessarily meet at the same place. The world is already “perfect” and the spiritual path of the individual is to ultimately realize this perfection in order to transcend (not get rid of, but integrate) their everyday existence. The spiritual path is always internal. That we need a world leader to resolve each individual’s spiritual path by making a more perfect world strongly suggests a power grab under fraudulent pretenses.
On the other hand, having world government for the sake of world stability and peace seems a noble cause. As long as that government is elected and as long as the elected leaders have a strong track record of positive results for the people, it seems a path worth pursuing. Unfortunately, these leaders are not elected and they have poor track records. This in itself may be a good reason for most people to fight the BIS.
This whole thing reminds me of an anti-war slogan that popped up during the war demonstrations against our invasion of Iraq — “Fighting for peace is like fucking for virginity.” The BIS seems to live by the sword, funding war and human suffering all over the globe for the sake of profit. For the BIS and World Bank to suggest that the planet should readily follow their plan for “peace” is a bit suspect, don’t you think?
The world has already been shown that peace may be arrived at through peace (Ghandi and many others). There are those who say that such a thing is naive, but the reality is that it exists. For our world leaders to suggest that peace may only be arrived at through the sword speaks volumes about their spiritual standing as individuals and as a group. Perhaps this is the essence of the expected spiritual war that so many individuals of “faith” have warned about for so long.
But I am only one person and my opinion really doesn’t matter.
All I am really suggesting here — the gist of my response — is that if someone is going to bother with the US central bank, they might want to look up at the face of the giant who’s little toe they are stepping on. It’s really an attack on the BIS.

Well that was certainly a whole bunch of meaningless platitudes. How about addressing the original question of how exactly the bis is "running things", how they are taking freedoms, and what steps we should be taking? Now I'm curious as well.

bob2356 says
Well that was certainly interesting. Please address the original question of how exactly the bis is “running things”, how they are taking freedoms, and what steps we should be taking? Now I’m curious as well.

If you really are curious, you'll research these questions on your own. I'm not posting here to change your mind about anything. I am planting a seed so you become aware enough to do your own research and come up with your own conclusions. Judging anything prior to exploring it on your own is not a good practice to adopt, as it often leads one down other people's pre-defined paths.

As for the BIS "running things," you did read the part in my post about the BIS's Financial Stability Board? Do a Google news search on "Financial Stability Board" from time to time and you'll gradually find out what types of decisions they make.

http://news.google.com/news/search?pz=1&cf=all&ned=us&hl=en&q=%22financial+stability+board%22&cf=all&as_qdr=m&as_drrb=q

I first learned about the BIS from UN expert Joan Veon --
http://www.youtube.com/watch?v=dlaaQgW4GHw
(from an excellent, extremely well-documented informational series of videos... all parts are available on YouTube)

There are a lot of places I could go here, but let me point out one challenge I see to your humble assertions.

Jason K. says

Our world society is already onboard with world communitarianism (a cross between socialism and communism), as reflected by the massive “pro-green sustainable/anti-carbon legislation” following worldwide. There is no turning back.

It seems to me that global capitalism has been accepted to a great extent. Even the existence of globally interconnected banking systems seems to prove the degree to which capitalism has won out over communism. But yes, of course all reasonable capitalist countries are socialist too (you know with all the basic public services, infrastructure, safety nets, and so on that the government provides in the interest of modernity).

This BIS and FSB you refer to are new to me, although I probably have seen the FSB mentioned before, but it's hard for me to be alarmed that as the world becomes smaller in many ways, and vastly more financially and economically interdependent than ever, that there would be such entities. The complexity of global financial markets alone would certainly warrant this kind of cooperation between major modern countries, their central banks, treasuries etc.

But also, I think that it's far too easy to imagine a conspiracy oriented toward "one world" and maybe a world government, because that is something that would eventually and naturally occur "organically," in one way or another. At least that's my opinion. I'm not saying that I have an opinion about whether that is good for the US or not, only that I think it is a predictable and natural occurrence that will probably play out in the not so distant future. That is in some way.

Jason K. says

bob2356 says

Well that was certainly interesting. Please address the original question of how exactly the bis is “running things”, how they are taking freedoms, and what steps we should be taking? Now I’m curious as well.

If you really are curious, you’ll research these questions on your own. I’m not posting here to change your mind about anything. I am planting a seed so you become aware enough to do your own research and come up with your own conclusions. Judging anything prior to exploring it on your own is not a good practice to adopt, as it often leads one down other people’s pre-defined paths.
As for the BIS “running things,” you did read the part in my post about the BIS’s Financial Stability Board? Do a Google news search on “Financial Stability Board” from time to time and you’ll gradually find out what types of decisions they make.
http://news.google.com/news/search?pz=1&cf=all&ned=us&hl=en&q=%22financial+stability+board%22&cf=all&as_qdr=m&as_drrb=q
I first learned about the BIS from UN expert Joan Veon –

http://www.youtube.com/watch?v=dlaaQgW4GHw

(from an excellent, extremely well-documented informational series of videos… all parts are available on YouTube)

You don't have to post to change my mind, I don't have any opinion one way or another about BIS, I know very little about it. I just asked for a couple of concrete examples of what they are doing and how. You managed to write 3 big posts talking in broad generalizations about the new world order, the UN, the FSB, the BIS, the un/worldbank, communism, etc.. Surely with your knowledge and extensive research on the subject matter you can devote a couple of paragraphs explaining WHAT these organizations are doing and HOW these organizations manage to control everything.

shrekgrinch says

tatupu70 says

Unelected officials at least have the possibility of impartiality.

They are not government officials at all.
Amazing.

That is amazing. Do you see the word government in my post anywhere? If so, please highlight it for me.