The other day I was reading Newsweek magazine and came across some poll data I found rather hard to believe. It must be true given the source, right?
The Newsweek poll alleges that 67 percent of Americans are unhappy with the direction the country is headed and 69 percent of the country is unhappy with the performance of the president. In essence 2/3s of the citizenry just ain't happy and want a change.
So being the knuckle dragger I am, I started thinking, ''What we are so unhappy about?''
Is it that we have electricity and running water 24 hours a day, 7 days a week? Is our unhappiness the result of having air conditioning in the summer and heating in the winter? Could it be that 95.4 percent of these unhappy folks have a job? Maybe it is the ability to walk into a grocery store at any time an d see more food in moments than
Darfur has seen in the last year?
Maybe it is the ability to drive from the Pacific Ocean to the Atlantic Ocean without having to present identification papers as we move through each state? Or possibly the hundreds of clean and safe motels we would find along the way that can provide temporary shelter? I guess having thousands of restaurants with varying cuisine from around the world is just not good enough. Or could it be that when we wreck our car, emergency workers show up and provide services to help all and even send a helicopter to take you to the hospital.
Perhaps you are one of the 70 percent of Americans who own a home. You may be upset with knowing that in the unfortunate case of a fire, a group of trained firefighters will appear in moments and use top notch equipment to extinguish the flames thus saving you, your family and your belongings. Or if, while at home watching one of your many flat screen TVs, a burglar or prowler intrudes , an officer equipped with a gun and a bullet-proof vest will come to defend you and your family against attack or loss. This all in the backdrop of a neighborhood free of bombs or militias raping and pillaging the residents. Neighborhoods where 90 percent of teenagers own cell phones and computers.
How about the complete religious, social and political freedoms we enjoy that are the envy of everyone in the world? Maybe that is what has 67 percent of you folks unhappy.
Fact is, we are the largest group of ungrateful, spoiled brats the world has ever seen. No wonder the world loves the U.S. , yet has a great disdain for its citizens. They see us for what we are. The most blessed people in the world wh o do nothing but complain about what we don't have , and what we hate about the country instead of thanking the good Lord we live here.
I know, I know. What about the president who took us into war and has no plan to get us out? The president who has a measly 31 percent approval rating? Is this the same president who guided the nation in the dark days after
9/11? The president that cut taxes to bring an economy out of recession? Could this be the same guy who has been called every name in the book for succeeding in keeping all the spoiled ungrateful brats safe from terrorist attacks?
The commander in chief of an all-volunteer army that is out there defending you and me? Did you hear how bad the President is on the news or talk show? Did this news affect you so much, make you so unhappy you couldn't take a look around for yourself and see all the good things and be glad?
Think about it......are you upset at the President because he actually caused you personal pain OR is it because the "Media" told you he was failing to kiss your sorry ungrateful behind every day.
Make no mistake about it. The troops in Iraq and Afghanistan have volunteered to serve, and in many cases may have died for your freedom. There is currently no draft in this country. They didn't have to go.
They are able to refuse to go and end up with either a ''general'' discharge, an ''other than honorable'' discharge or, worst case scenario, a ''dishonorable'' discharge after a few days in the brig.
So why then the flat-out discontentment in the minds of 69 percent of Americans? Say what you want but I blame it on the media. If it bleeds it leads and they specialize in bad news. Everybody will watch a car crash with blood and guts. How many will watch kids selling lemonade at the corner? The media knows this and media outlets are for-profit corporations. They offer what sells , and when criticized, try to defend their actions by "justifying" them in one way or another. Just ask why they tried to allow a murderer like O.J. Simpson to write a book about how he didn't
kill his wife, but if he did he would have done it this way......Insane!
Stop buying the negativism you are fed everyday by the media. Shut off the TV, burn Newsweek, and use the New York Times for the bottom of your bird cage. Then start being grateful for all we have as a country. There is exponentially more good than bad.
We are among the most blessed people on Earth and should thank God several times a day, or at least be thankful and appreciative.
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surfer, sorry to burst your bubble, but there is a reason we are the greates nation on earth and it it has absolutely notyhing to do with playing simon says or follow the leader as you seem to suggest...
the people who make this country country great not only question authority every day? they openly defy it and make progress happen IN SPITE of the narrow minded fools that are always attempting to grasp the "reins of power" for their own personal gains... (cough, cough, Cheney)
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Not suggesting anything at all.... just a cut and paste.
progress has several meanings....
Do you not believe there is exponetially more good than bad in this country??
Have you lost loved ones that have served to protect your freedoms??
Do you believe Americans take America for granted??
I spent several years living outside of U.S.A and during that time was taught several valuable life lessons which can't be portrayed on a message board.
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i have no problem with war or killing our enemies, i just have problems with stupidity, whether it be moral ignorance or strategic jackassedness... ...
as a sailor doing the WestPac? i saw more (generalised depravity) than most Americans can ever imagine, and quite frankly? i was not always proud of the behaviour of my shipmates...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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electricity and running water 24 hours a day which costs working folk more and more, while companies/execs pocket wiindfall profits...
air conditioning in the summer and heating in the winter and eat into the household budget a lil more each month...
70 percent of Americans who own a home amid record foreclosure rates...
Could it be that 95.4 percent of these unhappy folks have a job? many of whom are way, way underemployed, then go home to telephone service crammed full of charges no consumer understands but readily available to connect to 1)a government agency's Goldbergian "automated" answering system or 2) a help desk staffed by folks you can't understand...
into a grocery store at any time an d see more food that just might kill you or your pets...
ability to drive from the Pacific Ocean to the Atlantic which adds to more record profit for Exxon, perhaps entail the risk of racial profiling...only to return home and find the Constitutiion has been eroded just a bit more than when you left...
hundreds of clean and safe motels lol, see D-2...
Could go on...but the point is: Yes, great country, undoubtedly. But it's getting less and less so, and many are fed up with the decline...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Surely you mean well, but from what prospective are you asking these loaded questions?
"Do you not believe there is exponetially more good than bad in this country??"
Certainly not. People are not inherantly good or bad. If they were, why would any Nation need laws to protect the people from themselves?
And exactly what "good" means varies through time and location. Good has (at times) or does (at places) lump into the "good" pile such things as canabalism, rape, slavery, incest, required murder of second born, public torture for having "different" religious beliefs or habits, the denial of education to women and girls (including capital punishment for anyone that eaches a female to read), social status by birthright (a type of slavery), etc., etc., etc., etc., ....
(I'm pretty good at this exponebtial thing. y = 1/ (x)exp1000 is an exponential curve. Should I select it as a representation of "good" and accept a desired or expected belief that "there is exponetially more good than bad in this country??. I don't think you will like the results.)
"I spent several years living outside of U.S.A and during that time was taught several valuable life lessons which can't be portrayed on a message board."
Having learned those and knowing that they "can't be portrayed on a message board.", why do you bother?
Your confusion with why the population is in the mood it is shows that you obviously need a refresher course on the Constitution to understand what the administration is doing to "our" protections and freedoms. I ask you: Why would any American be pleased with the distruction of the Constitution that ensues from the fascism of "The Decider"?
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America's Greatest Problem - It's Debt Money System By Melvin Sickler 2-29-7
If you would ask any American citizen what the Federal Reserve is, he probably would tell you that it is a government agency that creates all of the money to run the United States. This, unfortunately, is the misconception most American have: that the Federal Reserve is a government agency, probably because the word "Federal" is used in its name. And this is exactly what the Bankers want: ignorance among the population!
In the next few paragraphs, I am going to simply explain what the Federal Reserve is really all about, and how it is being used to control the United States. A good resource book that I am using is entitled "Billions for the Bankers - Debts for the people" by Sheldon Emry.
A Private Corporation
The first thing that must be understood is that the Federal Reserve Corporation is not a government agency, as most people think. It is a private corporation controlled by the Bankers, and therefore it is operated for the financial gain of the Bankers over the people, rather than for the good of the people. When our Founding Fathers wrote the Constitution of the United States back in the 1700's, they specifically stated in Article 1 of this Constitution:
Congress shall have the Power to Coin Money and Regulate the Value Thereof.
It was the wish of the Founding Fathers that the power to create and control the money be in the hands of the Federal Congress, and not in the hands of private Bankers who could charge enormous amounts of interest, and who could actually then control the country by controlling the money. They understood the tricks of the Bankers, for what did Mayer Anselm Rothschild, the great European Banker, once say: "Permit me to issue and control the money of a nation, and I care not who makes its laws..." It was their belief that all citizens should share in the profits of its creation, not just private Bankers, and therefore the national Government must be the only creator of money.
So, what happened? For several years after the Constitution was signed, the money in the country was handled both legally and illegally, the Bankers having devised all kinds of tricks to try to take control of the nation's money.
The Federal Reserve Act
But the final blow came in 1913, on Christmas Eve, when the Congress passed the Federal Reserve Act, which officially took the power to create the money to run United States away from the Congress, and gave it over to private Bankers, who called themselves the Federal Reserve Corporation. But note: they are private Bankers. The passage of this Federal Reserve Act authorized the establishment of a Federal Reserve Corporation, with a Board of Directors (The Federal Reserve Board) to run it. And the United States was divided into 12 Federal Reserve Districts.
This new law completely removed from the Congress the right to create money or to have any control over its creation, and gave this function over to the Federal Reserve Corporation. The Fed printed "Federal Reserve Notes", which are still accepted today as money among the citizens of the country. But we have to understand that these Federal Reserve Notes, used as money in the country, cannot be considered as being constitutional money. Why, you ask? Because the Congress went against the Constitution of the United States when it passed this Federal Reserve Act, for it specifically states that Congress, and only Congress shall have the power to coin and regulate the money of the country.
Some might ask: "What does it matter if Congress or private Bankers create the money? It is accepted by the people just the same as a medium of exchange with which to perform business transactions".
Yes, the Federal Reserve Notes are accepted as a medium of exchange by the people of the United States. But this is a debt-money, being interest is charged on every dollar that is created, but the interest is not created!, Let me give an example to illustrate this point.
To Obtain The Money
Let us say that the Federal Government needs $1,000,000,000 ($1 billion) more, after it collects the taxes, to continue financing its projects. Since it does not have the money, and Congress has given away its authority to create it, the Government must go to the Federal Reserve, which is now in charge of creating the money for the country. But the Federal Reserve does not just give its money away! The Bankers are willing to deliver $1 billion in money or credit to the Federal Government only in exchange for the Government's agreement to pay it back - with interest! The Congress then authorizes the Treasury Department to print $1 billion in U.S. bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the $1 billion (about $1,000), and makes the exchange. The Government then used the money to pay its obligations.
Now, what are the results of this transaction! The $1 billion in Government bills is paid, but the Government has now indebted the people to the Bankers for $1 billion, on which the people must pay interest! And, of course, the interest is not created!
And, to top it all, on this $1 billion that the Federal Reserve received in bonds from this transaction, it is legally allowed to create another $15 billion in new credit to lend to states, municipalities, businesses, and individuals. Added to the original $1 billion, they could have $16 billion of created credit out in loans paying them interest, with their only cost being the $1,000 they spent for printing the original $1 billion lent to the Government. Is it diabolical? You bet it is!
"Creating" Money
We should probably clarify the term "create". When we use this term, we refer to the process used to bring money into existence. The Bankers create money out of nothing, simply by writing numbers in their ledger books, and then giving loans to the American people with this money, allowing them to write checks on the numbers written in their accounts, and then requiring payment with interest. Money is nothing but numbers, be it numbers in a ledger book, on checks, or on dollar bills. Using this process, most banks are legally allowed to lend out up to 50 times of what they have on deposit, creating the money out of nothing and then charging interest on it. You have to admit that it is quite a racket!.
And the Federal Reserve prints the paper money we use in circulation, the Federal Reserve Notes, by having numbers printed on pieces of paper of little value, since a few cents will print a $1 bill or a $10,000 bill (at the same cost). Money is very cheap to make, and whoever has the legal right to create the money in a nation can make a tremendous profit.
The National Debt
The United States has plunged itself terribly into debt since the Federal Reserve Act was passed. In 1910, before the passage of the Federal Reserve Act, the federal debt was only $1 billion, or $12.40 per citizen. State and local debts were practically non-existent.
By 1920, after only 6 years of Federal Reserve "shenanigans", the federal debt had jumped to $24 billion, or $228 per person.
In 1960, the federal debt reached $284 billion, or $1,575 per citizen, and state and local debts were mushrooming.
By 1981, the federal debt passed $1 trillion, and was growing exponentially, being the Banker's tripled the interest rates. State and local debts were more than the federal, and with business and personal debts, the total was over $6 trillion, 3 times the value of all land and buildings in America.
In October, 2005, the federal debt reached the $8 trillion mark ($26,672 for each U.S. citizen), and it is continuing to grow wildly out of control. (For the fiscal year 2004, the interest payments on the U.S. federal debt were $321 billion.) And that's only the peak of the iceberg: the total debt (states, corporations, consumers) is over $41 trillion!
United States National Debt (1938-2005) CHART
Our people have become tenants and debt-slaves to the Bankers and their agents in the land our fathers conquered. Our children and following generations will be paying the debt for ever and ever!
We are coming to a point where, eventually, the Government will own nothing, the people will own nothing, and the Bankers will own everything! We are becoming enslaved by the financial institutions of the nation!
And to think that way back in the 1700's, Thomas Jefferson had warned the American people about such a thing happening. He said: "If the American people ever allow private banks to control the issue of their private banks to control the issue of their money... the banks and corporations that will grow up around them (the banks) will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered!" It is conquest through the most gigantic fraud and swindle in the history of mankind. And to think that the key to their power and wealth is simply their legal right to create money out of nothing and to lend it out at interest. If they had not been allowed to do that, they could never have gained secret control of the nation.
The Depression
Now it is predicted that a depression is to take place soon in the United States. You might be asking, "Does this have anything to do with the operation of the Federal Reserve?" You bet it does!
Let us go back to the 1930's when some of you probably experienced what they called "The Great Depression". During that time, America had skilled and willing workers, good farmland, a highly efficient transportation system, industries; all that was needed to form a rich nation - all except an adequate supply of money to carry on trade and commerce. Few people knew that the Bankers had purposely withheld $8 billion from going into circulation by refusing loans to the population while, at the same time, demanded payment on existing loans, so that money was rapidly taken out of circulation and not replaced.
Because of this control on the money, America was put into deep trouble. Jobs were waiting to be done, goods were available to be bought, but there was no money. Food was thrown into the ocean while people were starving. Twenty-five percent of the workers were laid off. The greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties.
Believe it or not, some of the economic experts of that time blamed the moon for bringing about all the economic hardship. Others blamed the politicians. Still others blamed the consumers for not wisely spending their money. But the truth is: the Depression was purposely brought on by the Bankers through their artificial control of the money. To the end the Depression, the United States Government borrowed huge sums of money from the Bankers for military equipment, which put a new supply of money into circulation. People were hired back to work, industries began to blossom, farmers sold their produce, and the economy boomed.
The same Bankers, who in the early 30's had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend the Government for war purposes. The nation, which a few years earlier could hardly feed its own people, was now producing bombs to send free to its allies. Upsetting? You bet it is! And to think it is all because some private Bankers, who call themselves the Federal Reserve, have the legal right to create and control the money to run the country - as they so wish!
President Woodrow Wilson had this to say about the Federal Reserve: "A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government of free opinion no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men."
(Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my country." He was referring to the Federal Reserve Act passed during his Presidency.) Unbelievable corruption!
We know the Bankers, the hidden controllers of the countries, purposely instigate wars, financing both sides of the same war, to frighten the people into going billions of dollars into debt for national defense. They even finance Communism, and then turn around and have foreign aid sent to stop the Communism that they financed! The tens of thousands of young people who are killed, and the hundreds of thousands who are crippled and morally corrupted from war, means nothing to them. In fact, it doesn't even matter who wins or loses the war, as long as all the countries involved are in debt to these Bankers.
It was Henry Ford, Sr. who once said: "The youth who can solve the money question will do more for the world than all the professional soldiers of history." I think you can understand why.
The Bankers purposely try to corrupt the people so it be easier to control them, sweeping away anything that is honorable, such as morals, religion, family, love of country. They encourage drug use, alcohol, pornography, and crime. And they deliberately prevent real cures for diseases, stir up social and racial unrest, and work to degrade the educational system.
Many of our politicians have become agents of the Bankers, while our two political parties have become their servants. No matter who you elect into high office, Rockefeller and his agents will be running the Government behind the scenes - you can be sure of it! How else could something so diabolical as the Federal Reserve, something so destructive to the national interest of the people, be allowed to continue so long?
We know that the Bankers control all of the news media and information centers, even the financial writers, to prevent people from learning the simple truth about your money system. They blame the people for causing the increase in debt and the inflation of prices, when they know that the real cause is the debt-money system itself.
The Ultimate Solution
By now you must surely agree that the only real solution to solve our financial problems is to put pressure on the Government to repeal the Federal Reserve Act of 1913 and to demand that Congress again be allowed to create and control the money of the nation, issuing interest and debt-free "United States Notes" as the legal currency. John F. Kennedy had begun to do this very thing just before he was assassinated.
With a reform in the money system, no private Bankers would be able to rob the people. Government banks, under the control of the people's representatives, would issue and control all money and credit. A $60,000 loan made a build a house would require only $60,000 in repayment (with a little service fee), not $255,931.00 as it is now. Everyone who supplied materials and labor to build the house would get paid just as they are today, but the Bankers would not get $195,931.00 in usury.
A debt-free America would mean that mothers would not have to work but could remain home with their children. Juvenile delinquency would decrease rapidly. The elimination of the usury and debt would be the equivalent of a 50% rise in the purchasing power of every worker. The Bankers would no longer be able to steal billions of dollars from the people every year in interest. America would become the envy of the world, being prosperous and powerful beyond the wildest dreams of its citizens.
Take Action Now
It is imperative to take action now. You must do your duty as a patriotic citizen. Love of country and concern for your children should make you deeply interested in this, America's greatest problem. The future of the country depends on each one of you.
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With a reform in the money system, no private Bankers would be able to rob the people. Government banks, under the control of the people's representatives, would issue and control all money and credit. A $60,000 loan made a build a house would require only $60,000 in repayment (with a little service fee), not $255,931.00 as it is now. Everyone who supplied materials and labor to build the house would get paid just as they are today, but the Bankers would not get $195,931.00 in usury.
so the bankers will say thay NEED the (usury) capital to loan out to new capital creation ventures.....
NOW? here come the really interesting question:
Who would like to convert to Islamic principles where usury is against the law? cuz in Islam? IT IS!
In fact? It is against Hebrew law as well.
Hebrew Bible
The following quotations are from the Hebrew Bible, 1917 Jewish Publication Society translation:
If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor; neither shall ye lay upon him interest. (Exodus, 22:24 [6])
And if thy brother be waxen poor, and his means fail with thee; then thou shalt uphold him: as a stranger and a settler shall he live with thee. Take thou no interest of him or increase; but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon interest, nor give him thy victuals for increase. (Leviticus, 25:35-37)
Thou shalt not lend upon interest to thy brother: interest of money, interest of victuals, interest of any thing that is lent upon interest. Unto a foreigner thou mayest lend upon interest; but unto thy brother thou shalt not lend upon interest; that the LORD thy God may bless thee in all that thou puttest thy hand unto, in the land whither thou goest in to possess it. (Deuteronomy, 23:20-21)
WOW!!!! further due dilligence shows that Jesus himself preached against it... hmmm.. this is sgetting downright confusing...
New Testament
In the Parable of the Talents, Jesus tells the story of the servant who did not increase the talents given him by his master:
"His lord answered and said unto him, 'Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed: Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received my own with usury.'"(Matthew 25:27)
In the Sermon on the Mount, Jesus emphasizes lending without concern for a return - or even repayment:
If ye lend to them of whom ye hope to receive, what thank have ye? for sinners also lend to sinners, to receive as much again. But love ye your enemies, and do good, and lend, hoping for nothing again; and your reward shall be great, and ye shall be the children of the Highest, for he is kind to the unthankful, and to the evil. (Luke 6:35)
oh yeah i mentioned Islam? Qur'an
The following quotations are from the Qur'an:
Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, God permits commerce, and prohibits usury. Thus, whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgment rests with God. As for those who persist in usury, they incur Hell, wherein they abide forever (Al-Baqarah 2:275)
God condemns usury, and blesses charities. God dislikes every disbeliever, guilty. Lo! those who believe and do good works and establish worship and pay the poor-due, their reward is with their Lord and there shall no fear come upon them neither shall they grieve. O you who believe, you shall observe God and refrain from all kinds of usury, if you are believers. If you do not, then expect a war from God and His messenger. But if you repent, you may keep your capitals, without inflicting injustice, or incurring injustice. If the debtor is unable to pay, wait for a better time. If you give up the loan as a charity, it would be better for you, if you only knew. (Al-Baqarah 2:276-280)
O you who believe, you shall not take usury, compounded over and over. Observe God, that you may succeed. (Al-'Imran 3:130)
And for practicing usury, which was forbidden, and for consuming the people's money illicitly. We have prepared for the disbelievers among them painful retribution. (Al-Nisa 4:161)
The usury that is practiced to increase some people's wealth, does not gain anything at God. But if people give to charity, seeking God's pleasure, these are the ones who receive their reward many fold. (Ar-Rum 30:39)
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
(I'm pretty good at this exponebtial thing. y = 1/ (x)exp1000 is an exponential curve. Should I select it as a representation of "good" and accept a desired or expected belief that "there is exponetially more good than bad in this country??. I don't think you will like the results.)
Ok.... point taken. Exponential was a bit extreme.
I ask you: Why would any American be pleased with the distruction of the Constitution that ensues from the fascism of "The Decider"?
Thus, you can see that opposing dubya is not sinful.
So why are you attacking others for refusing to worship dubya? Those War rally demonstrations, which are in truth, propaganda for supporting Bush's War, not for the support of the troops?
Only the hard core republican far rightwing extreme any longer claaims to believes any of the crap Bush an crew told us in order to get away with invading Iraq. Are you simply saying you are one of them and its "My republican right or wrong"?
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bdgee To tell you the truth I could give two shiets who supports dubya....
my posts are merely opinion, not attack.
IMO I would buy and accumulate all the real silver you can.
Let’s Give a Warm “Thank You” to the Fed By Charles Delvalle
Thank you, Federal Reserve.
Thank you for your fine job in overseeing the mortgage market. Your decision to let banks issue interest-only loans for the first time since before the Great Depression was an extremely smart move indeed.
Because of you, homeownership rates in America soared to record levels. But that’s not the only thing you boosted. You turbo-charged housing prices so that few in California, New York, and Florida could afford them.
But it’s OK, because those who can’t afford them are sure to easily find a no-documentation, interest-only loan with low teaser rates from their local subprime lender. Oh wait, they’re all going bankrupt. So back to the things you boosted.
You boosted inflation levels to record highs, as builders needed more cement, wood, and Ford and GM trucks to get the job done. And now that these trucks aren’t needed anymore, you can be positive that Ford and GM will easily readjust by laying off workers and downsizing.
Thanks to you, my sweetest Federal Reserve, Florida has found fame once again. This time, it’s not the botched presidential election that’s put them on the map; instead, it’s the highest foreclosure rates in the country.
I always knew that the best thing to ever happen to the U.S. economy came in 1913, when you (the Federal Reserve, that is) came into existence.
I kind of figured President Woodrow Wilson was just being shortsighted when he said this:
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."
How could he not understand that all of this oversight, protection, and stability you would eventually provide would surely take the economy to heights never before seen? The last time I checked, the liquidity-fueled Dow Jones recently hit new highs.
Granted, there have been some bumps in the road.
We had to go through the Great Depression, the stagflation spell of the late 70s, the banking meltdown of 1987, and the Internet bubble of 2000, followed by the housing bubble that just popped last year. But I know you can’t be perfect. You learn from your mistakes and go on to learn from new ones that destroy the livelihood of millions of people.
Sure, the worth of the paper I’ve got in my pocket has dropped about 36 percent since 1999, but who’s paying attention anyway? They’re all busy worrying if Sanjaya will get kicked off next week’s American Idol.
And it’s not like they should worry about how you protect our economy. You’ve got our best interest at hand. Of course you realize that all fiat currencies fail at one point or another, but you like to keep our focus away from that. After all, if everyone realized that, it would bring about an instant end to our Fiat currency regime. And we simply can’t have that. There’s too much money to be made.
So Federal Reserve, I thank you. And may I hope for another 10 years of stability before we all have to flee the country and move to China.
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in defense of the Fed? they had no choice other than increase liquidity when they did.
the economic downturn that always follows growth spurts was compounded by 9-11.
9-11 in and of it self COULD have been an economic stimulus, tho not on the scale of say. Katrina...
Katrina created jobs, lots of jobs... it created demand for raw materials...
HOW people reacted to 9-11 on emotional level is what forced the fed to overreact. and i place direct blame on Bush and the US congress for leading the way in reacting very poorly on a "gut level" to 9-11....
the problem is really how individual people react to the "incident"... the Fed had to encourage individuals to spend money.
the real problem is very simple: The zero-savings problem Some savings measures show households are flush, but consumers are spending every dime they make. August 3, 2005: 2:23 PM EDT By Chris Isidore, CNN/Money senior writer
Even as a government report Tuesday showed the national savings rate at zero -- that's right nada -- the rise in the value of homes has given the average U.S. household a net worth of greater than $400,000, according to a separate report from the Federal Reserve.
in '06? the savings rate went NEGATIVE for the first time since the Great Depression...
why? basically because consumers are not DEMANDING value for their $$... everybody just buys as much as they can without regard to VALUE.
The savings rate has been negative for an entire year only twice before — in 1932 and 1933 — two years when the country was struggling to cope with the Great Depression, a time of massive business failures and job layoffs.
everybody (more or less) has a job now, but they don't pay the bills... and they seem to forget that savings is the only time you pay YOURSELF. buying "junk" to live is not "paying yuourself"
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by a surfer: bdgee To tell you the truth I could give two shiets who supports dubya....
my posts are merely opinion, not attack.
To tell you the truth, too many of your post are like cut an past copies of portions of the RNC talking points that come from their hate and attack directives. Surely could be second hand from Fox News or Fat Rush the Doper and Super Hypocrite, though. (Excellent article recently by Paul Krugman of the NY time on that subject, by the way.)
So, ya know, when it quacks like a duck and waddles like a duck and looks.........
You do have a right to your opinion. You do have a right to adapt whatever opinion you wish, from whatever source you prefer.
quote:Originally posted by a surfer: bdgee To tell you the truth I could give two shiets who supports dubya....
my posts are merely opinion, not attack.
To tell you the truth, too many of your post are like cut an past copies of portions of the RNC talking points that come from their hate and attack directives. Surely could be second hand from Fox News or Fat Rush the Doper and Super Hypocrite, though. (Excellent article recently by Paul Krugman of the NY time on that subject, by the way.)
So, ya know, when it quacks like a duck and waddles like a duck and looks.........
LOL as if THAT comment wasn't a cut and paste... I don't know how many times I've seen you post that... Both to me, and others.
-------------------- One is never completely useless. One can always serve as a bad example.
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One thing for sure, you won't let slide by any opportunity to inject something nasty or to drop an unnecessary and baseless inference. Just your way.
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posted
JFK had put in motion a plan to abolish the federal reserve and actualy began printing united states notes ( some still in circulation ) JFK was assasinated!!!
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posted
Yes, but I hope you aren't suggesting ol' Lee was wrapped up in some consiracy with a bunch of money guys. I can promise you he didn't have the talent or where-with-all to do that.
He thought he was put on Earth and in his later years would be recognized as issuing from God.
Just a wee bit and a tad more pecular for sane or normal folks and even nut cases to put up with long enough to hatch any plots or plans.
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quote:Originally posted by bdgee: Yes, but I hope you aren't suggesting ol' Lee was wrapped up in some consiracy with a bunch of money guys. I can promise you he didn't have the talent or where-with-all to do that.
He thought he was put on Earth and in his later years would be recognized as issuing from God.
Just a wee bit and a tad more pecular for sane or normal folks and even nut cases to put up with long enough to hatch any plots or plans.
I have no idea if lee was involved in a conspiracy with the fed, but i do beleive all was not as it appeared. the fact remains JFK would have abolished the fed if he had lived. i am sure the money masters were not crying over his demise!. lot`s theories have been put forward as to why JFK was assasinated, the fed angle is rarely mentioned.
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had JFK survived and carried out his plan to abolish the federal reserve our national debt would be a fraction of what it is today. servicing the debt to the federal reserve ( paying for our OWN money!! ) costs many hundreds of billions of dollars per year!!!! it makes absolutely no sense whatsoever!!!
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posted
I don't see amy basis beyond faith that the results would be as you say.
However, I do believe that if the government stopped passing money from the treasury to corporations we would not be transfering many billions of dollars per year from the poor to the pockets of the very wealthy.
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