Thread: The Fed Audit - Results Are In - Finally!!!!

Notice how the apologists for the central bank haven't even addressed the thread topic, which is that the Federal Reserve gave away $16 trillion to the banks, even while many of the Federal Reserve employees had a financial stake in those institutions.

If the Federal Reserve HAD to give those loans, then why didn't they simply pay off the nation's outstanding mortgage debt? They could have saved themselves $1.5 trillion and the entire country wouldn't have to worry about their mortgage debt. Instead, they just gave it to the banks.

I'm glad to see the central bank apologists care more about big banks than they do about mainstreet.

Originally Posted by HB Surfer

Yes. When considering the GOP front runners:

• Paul
• Gingrich
• Cain
• Romney

I would vote for any of those men before Barack Obama... with zero question. It does not mean I cannot also support Democrat challengers for the Senate and Congress in the primaries that would de-seat the Democratic Party Establishment parasites that have helped destroy our country.

The Democratic Party should have their own TEA Party Candidates to primary out the incumbent scumbags. They can run on: Defense Spending Cuts, anti-corporate welfare, anti-Crony Capitalism, anti-special interests, Balanced Budget, and the TEA Party does not care if they are Pro-Choice, etc... There is real opportunity at this time for those on the left that like the OWS protest, but not the means of the protest to fire up their own TEA Party candidates and to join the real movement that will forward the whole nation into fiscal responsibility which will offer us all true freedoms.

Why can't the left let go of their establishment parasites and run fresh blood that will fight against these Government / Banker parasites like Barney Frank? Pelosi? The TEA Party forced the GOP into a corner. It's time you take your own party back or we will always be pointing our finger out you guys for being gutless and refusing to take our country back. We could use your help and you could use ours. The big issues facing us today are Crony Capitalism and Special Interests hi-jacking our country. Abortion, Gun Rights, Racism, etc... while all important are just smoke screens being used by the establishment to continue their absolute thievery, seizure of rights, and ill gotten gains. We can work together to fix the real evil.

Ron Paul is my first choice. Barack Obama is my second choice. Why? Because if Ron Paul doesn't win, I'd rather the destruction of America happen quickly rather than slow and painfully, as what would happen if any of the other Repub candidates get elected. Obama's policies will definitely hit the gas pedal on destroying the dollar and any amount of prosperity we have in this country. Then we will be forced to come to terms with the fact that socialism always fails and that we must return to free markets and sound money. Or perhaps we will replace our money with IMF SDRs that will effectively create a global central bank, and ultimately, a world government. The choice is up to America though...which path will it take in that tragedy?

Originally Posted by Ethereal

Notice how the apologists for the central bank haven't even addressed the thread topic, which is that the Federal Reserve gave away $16 trillion to the banks, even while many of the Federal Reserve employees had a financial stake in those institutions.

If the Federal Reserve HAD to give those loans, then why didn't they simply pay off the nation's outstanding mortgage debt? They could have saved themselves $1.5 trillion and the entire country wouldn't have to worry about their mortgage debt. Instead, they just gave it to the banks.

I'm glad to see the central bank apologists care more about big banks than they do about mainstreet.

It's funny to hear you pretend like you're a supporter of debt relief for working Americans.

Fed policy doesn't allow it to pay off mortgage debt. That's something Congress must mandate.

Are you for this progressive idea because I am?

Oh, wait . . . you're not!

Originally Posted by dujac

start reading chapter 2, page 16

I see a lot of assertions and assumptions, but no evidence to support your claims.

so do i

The facts say otherwise.

Originally Posted by dujac

pragmatically speaking, the u.s. dollar is backed by everything on the market

Wrong. The US Dollar is backed by nothing except government force.

Originally Posted by dujac

you want gold, exchange dollars for it

you want labor, just buy it

a small town in arizona, raise the scratch, it's yours

Not going to happen if the dollar hyperinflates, sorry.

Originally Posted by dujac

i take it that means you have no clue why the fed was begun and you don't know where money comes from

He sure does know. See this thread below. I'd be glad to discuss any of the topics presented with you.

The Creation of the Federal Reserve System

Originally Posted by Landru Guide Us

Even a cursory knowledge of the Long Depression would tell you that the crisis was the result of monetary chaos -- every economic school agrees with that, though each has its own perspective on the particular cause.

So you must lack even a cursory knowledge of it, which doesn't surprise me.

Let us know when you produce some actual evidence to support your claims.

Originally Posted by Ethereal

I see a lot assertions and assumptions, but no evidence to support your claims.

The facts say otherwise.

what facts?

Originally Posted by Landru Guide Us

It's funny to hear you pretend like you're a supporter of debt relief for working Americans.

Fed policy doesn't allow it to pay off mortgage debt. That's something Congress must mandate.

Are you for this progressive idea because I am?

Oh, wait . . . you're not!

I see. The Federal Reserve can bail out big banking institutions but not regular folks.

And you support this institution?

Irony, thy name is Landru!

Originally Posted by dujac

what facts?

Notice that you have not provided a single shred of evidence to support any of your claims and are attempting to change the subject to your ignorance of what constitutes a loan.

Originally Posted by Ethereal

I see. The Federal Reserve can bail out big banking institutions but not regular folks.

And you support this institution?

Irony, thy name is Landru!

You really don't see. The Fed has authority to take action relating to the availability of credit, keeping unemployment low, and keeping inflation in check.

It isn't authorized to bail out banks or pay off mortgages unless Congress so directs.

What are you going on about?