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Started By
Message
re: Why do we have a Federal Reserve?
Posted on 1/19/19 at 7:42 pm to Seldom Seen
Posted on 1/19/19 at 7:42 pm to Seldom Seen
quote:
So that they can manipulate the currency.
Which is a good thing, see the previous post on economic expansion, and contraction in the U.S.
0
Posted on 1/19/19 at 7:43 pm to TigerAxeOK
quote:
Our paper currency is backed up only by the belief that we still have tens of thousands of gold bars in Fort Knox.
So really none of it makes sense to me.
It's a fiat currency that isn't backed by gold. Don't be silly.
This post was edited on 1/19/19 at 7:44 pm
Posted on 1/19/19 at 7:46 pm to MrBiriwa
quote:No, he didn’t. Conspiracy theory myths die hard.
JFK wondered the same thing and well......
Posted on 1/19/19 at 7:58 pm to LSURussian
quote:
No, he didn’t. Conspiracy theory myths die hard.
Well that is the most well researched and supported rebuttal I've ever seen.
Posted on 1/19/19 at 8:00 pm to volod
quote:
I clearly remember learning in 8th grade about how hard Andrew Jackson fought the Second Bank of the United States.
But why did the nation eventually create the Reserve, arguably a worse version of the bank with less restrictions than POTUS.
Do you realize you're slowing becoming a conservative right now?
Posted on 1/19/19 at 8:08 pm to Sunbeam
It’s as “supported” as the conspiracy theorist’s post.
JFK actually issued an amendment to a previous Executive Order to remove silver certificates from circulation and authorize the Treasury Dept. to replace the SC’s with Federal Reserve notes.
It gave the Federal Reserve MORE power over the currency not less.
But most conspiracy theorists are too stupid to understand that.
Since you’re too lazy to use Google here you go....
LINK
JFK actually issued an amendment to a previous Executive Order to remove silver certificates from circulation and authorize the Treasury Dept. to replace the SC’s with Federal Reserve notes.
It gave the Federal Reserve MORE power over the currency not less.
But most conspiracy theorists are too stupid to understand that.
Since you’re too lazy to use Google here you go....
LINK
Posted on 1/19/19 at 9:16 pm to LSURussian
Actually I do not use Google, I use Duck Duck. And from a casual perusal of a page of results:
"When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated."
Hmmm I was going to paste his Executive Order, but it bascially just amending a previous one. Not really that lengthy, but you'd have to combine the two. Incidentally the Federal Reserve isn't mentioned, only the Treasury.
This matter depends on who you ask.
By what standard should I believe you over anyone else? Like oh, I dunno, a bum laying in the street?
This is the point you do not understand, or wish to understand. You accuse others of being irrational believers in insane theories. Yet never consider the possility that the whole thing is pretty obvious, but you have a vested interest in overlooking it - or worse know full well it's true, but deny it for ... reasons.
"When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This means that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation based on the silver bullion physically held there. As a result, more than $4 billion in United States Notes were brought into circulation in $2 and $5 denominations. $10 and $20 United States Notes were never circulated but were being printed by the Treasury Department when Kennedy was assassinated."
Hmmm I was going to paste his Executive Order, but it bascially just amending a previous one. Not really that lengthy, but you'd have to combine the two. Incidentally the Federal Reserve isn't mentioned, only the Treasury.
This matter depends on who you ask.
By what standard should I believe you over anyone else? Like oh, I dunno, a bum laying in the street?
This is the point you do not understand, or wish to understand. You accuse others of being irrational believers in insane theories. Yet never consider the possility that the whole thing is pretty obvious, but you have a vested interest in overlooking it - or worse know full well it's true, but deny it for ... reasons.
Posted on 1/19/19 at 9:18 pm to volod
Because the sinking of the Titanic killed all the prominent opponents of the fed system
Posted on 1/19/19 at 9:20 pm to volod
It’s where we lock up criminals.
Posted on 1/19/19 at 9:23 pm to volod
Read the creature from jekyll island. A second look at the federal reserve
Posted on 1/19/19 at 9:24 pm to volod
So the reserve could use your money to make themselves rich! You see, the print the money (actually it's an "IOU,") and lend it out, with intrest of course. Then they collect the intrest money and loan that out, again charging intrest. Rinse, repeat.....
Posted on 1/19/19 at 9:29 pm to Sunbeam
Yet not a single link to be had. Just snippets of quotes from a “perusal” of search results.
Good for you!
We just love our conspiracy theories!
Good for you!
We just love our conspiracy theories!
Posted on 1/19/19 at 9:37 pm to volod
to give trump another reason to whine
Posted on 1/19/19 at 9:39 pm to volod
Read The Creature from Jekyl Island.
Posted on 1/19/19 at 9:41 pm to volod
Bilderberg controls the Fed. Look into Antarctica.
Posted on 1/19/19 at 9:43 pm to LSURussian
quote:
Yet not a single link to be had. Just snippets of quotes from a “perusal” of search results.
Good for you!
If you weren't so lazy, you could do a search and get your own.
Posted on 1/19/19 at 10:31 pm to beulahland
quote:
Read The Creature from Jekyl Island.
Posted on 1/19/19 at 10:43 pm to Parmen
quote:
Bilderberg controls the Fed. Look into Antarctica.
Right. I'm sure the all controlling bankers give a shite about a worthless block of ice.
Posted on 1/19/19 at 10:48 pm to Powerman
Read “What has Government Done to our Money” by Murray Rothbard
Posted on 1/19/19 at 10:49 pm to Hoyt
Does it mention Antarctica?
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