Are Right-Wingers Pleased With Federal Reserve’s Latest Rewards To The Job Creators?

We have all read the right-wingers complaints about the Federal Reserve posted regularly on these message boards. It is the same with their complaints about Obama.

However, with Wall Street’s positive reaction to the Fed’s decision to maintain its “$85 billion monthly asset purchasing program”, the conservatives and neoconservatives should be thrilled that the job creators will continue to amass wealth. This increasing of riches for the job creators should make conservatives and neoconservatives ecstatic. These rewards for the job creators continue to come even though the job creators’ minimal efforts in domestic job creation have made only a small decrease in the number of unemployed Americans.

The stock markets have done very well under Obama, and since protecting consistent growth of wealth for the super rich IS the only true concern of the right wing, their complaints about Obama are not justified.

If the job creators on Wall Street and in the banking industry can control their greed and not crash the economy again, they and the rest of the job creators will reap generous benefits.

Unfortunately, handing all of this additional wealth to the job creators comes at a cost. The middle and lower income workers, the unemployed, the poor, the elderly, etc. will all continue to lose ground; but then, this is also considered a positive economic result in the convoluted thinking of the conservatives and neoconservatives.


http://finance.yahoo.com/blogs/brea...-announcement-bernanke-presser-173933565.html

 

The answer is "no", They are not going to be happy until they control everything, including the government.

 

Quantitative Easing as it's called was originally a good idea. It was a stimulous package for the economy but the way it ends up working is the money goes to the bank then instead of being dispersed into the economy as it's intended to be done, it goes into the back pockets of banksters. If it was more regulated in how it is to be used, you'd see a little bit of a turn around outside Wall Street, but as usual, those chumps got their hands out too as if they need anything more.

It also doesn't help that the list of people running the federal reserve are or were on bankster payrolls and still have ties and friends within the business. It's basically legalized money laundering.

 

Granny says, "Dat's right - we drownin' in debt...

$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBSs Than Publicly Held Debt Amassed From Washington Through Clinton
September 22, 2013 -- The same day that the Federal Reserve's Federal Open Market Committee announced last week that the Fed would continue to buy $40 billion in mortgage-backed securities (MBSs) and $45 billion in U.S. Treasury securities per month, the Fed also released its latest weekly accounting sheet indicating that it had already accumulated more Treasuries and MBSs than the total value of the publicly held U.S. government debt amassed by all U.S. presidents from George Washington though Bill Clinton.

 

The far right, like the Libertarians, are the only ones trying to get rid of the Federal Reserve.

You know that conspiracy that Liberals believe that they're getting screwed by rich business owners in the U.S.? That's basically what the Federal Reserve is, except it's a handful of bankers able to control booms and busts by contracting and increasing the money supply. Look up "The Money Masters" on youtube.

 

bernanke is a federal employee that is paid around $200,000 per year by the federal reserve

he's an academic (economics professor) and hasn't ever worked for a commercial bank in his life

william still, narrator of 'the money masters' said that the video contains inaccuracies and fabrications

he recommends people don't watch it anymore; don't believe me, here's the link, scroll down to see his comment:

"-- It does have quotes that I have subsequently found are not accurate, or, in some cases, complete fabrications."

http://www.youtube.com/watch?v=hrV84FZ_4G4

 

^Aren't Bernanke's checks signed by the quasi private/public entity that is the Federal Reserve? I think the Federal Reserve is more of a conglomeration of commercial banks with special privileges, so I think that qualifies them for being on the bankster payroll.

Ok, don't watch the Money Masters, instead watch any of the many other youtube videos that explain the same stuff and hammer home the same basic point that the Federal Reserve is robbing the American People blind.

 

no, the federal reserve board of governors is a federal agency


As an independent federal government agency, the Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms.

http://en.wikipedia.org/wiki/Federal_Reserve_Board_of_Governors

your opinion is obviously based on dumb youtube videos, propaganda and misinformation that was debunked long ago

i can guarantee you that i've seen 'money masters' more than you ever will

i was among the first to debunk it when it was initially released

stop being such a sucker for gold salesmen's lies

 

First off, I wasn't necessarily talking to just you when I said people could learn about increasing and contracting the money supply. I've learned what I know about this from different websites, and many people disagree about what exactly the Fed is. You're saying it's a Federal Agency, but that it's not funded from Congress? So it's funded from the private banks who operate for profits like any other private company except they have special monopolistic rights afforded to it by the government? How can the House regulate the Fed is they are never able to see their books?

You keep attacking my knowledge personally which is fine, I'm no expert and never claimed to be. I think my main point still stands that controlling the money supply gives the Fed far too much control of our economy, and if they wanted to rip off the American people it wouldn't(isn't) hard to do.

 

people that have studied economics know exactly what the fed is

it's dumb kids, nut cases, subversives and gold salesmen that don't know what the fed is or just lie about what it is

i made it clear what i'm saying, the federal reserve board of governors is a federal agency

as i've said hundreds of times here in this forum,

"The Federal Reserve System is not owned by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects."

"The Federal Reserve's income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations. Other sources of income are the interest on foreign currency investments held by the System; fees received for services provided to depository institutions, such as check clearing, funds transfers and automated clearinghouse operations; and interest on loans to depository institutions (the rate on which is the so-called discount rate). After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury."

http://www.federalreserveeducation.org/faq/topics/fed_basics.cfm

they can and do see the books whenever they want

the fed is well regulated by the federal reserve act and the fed has to report its progress to congress

the point is that you don't know what you're talking about and are just spreading misinformation

 

Here is Bill Still's quote...-- It does have quotes that I have subsequently found are not accurate, or, in some cases, complete fabrications. I do not control the film at this point. I cannot make any changes to it. You will notice, I have stripped all those bad quotes out of "The Secret of Oz." There are other things I do not like about the film at this point and so I no longer promote it or advise people to view it even.

I have watched the Secret of Oz as well, I think the Wizard of Oz side of it detracts from the main points about the Federal Reserve and how dangerous it is.

 

money masters is misinformation just like his oz video is

and notice how i shot down all your claims, but you stick to an unsupportable conclusion

 

I don't know what you mean by "right-winger", but I consider inflation a form of theft that serves to transfer wealth from the working classes to the banking cartel. Not only is it morally outrageous, it's also economically disastrous. We should end this institutional theft and fraud as soon as possible by allowing the free market to provide alternative currencies to the people.

 

Washington DC is a bankster cesspool, and why wouldn't it be? After all, they have the POWER.

 

Bernanke is powerful and wealthy. 200K a year makes him a "one percenter". After he leaves the fed, he'll be able to get any private position he wants, and go on speaking and book tours worth millions. Quit acting like he's some humble public servant. Bernanke is a corporate criminal, just like the rest of those bankster frauds you defend.

 

I'll go ahead and believe Thomas Jefferson, Andrew Jackson, and every prominent Austrian Economists opinion on the subject over yours.

 

Is the OP actually trying to blame conservatives for Obama's policy of pumping funny money into the system to prop up Wall Street?

Last time I checked, I didn't vote for the man.

 

This is a great post
Could you supply a link
The cartoons emphasize what is really going on

 

isn't it funny how you just skip over president bush's part in that

[video=youtube;wxfjXWmVOnY]http://www.youtube.com/watch?v=wxfjXWmVOnY[/video]

because you don't care about the truth

especially considering that thomas jefferson and andrew jackson died long before the federal reserve act was passed

here's a link for you that explains exactly what's happening

[video=youtube;oSAzYWmsiwI]https://www.youtube.com/watch?v=oSAzYWmsiwI[/video]

the point is that the op is wrong

the fact is that he's an academic that hasn't ever worked at a commercial bank in his life

show me what law you think benanke has broken

show me where i have ever defended a bankster fraud

 

The concept of controlling the money supply has been around for thousands of years. Andrew Jackson and Thomas Jefferson fought against the first and second central banks in the U.S. that preceded the Federal Reserve because they knew it was a giant scheme by banks. Your statements aren't entirely honest about those two Presidents, even if the Federal Reserve Act wasn't written back then.

 

the first central banks were much different than the federal reserve

jackson was a terrible president, he wanted to keep the usa an agrarian economy

and jefferson turned out to be completely wrong about central banking and monetary economics

the united states is the largest producer of goods and services on earth, dishonest schemes don't lead to that

my comment is exactly correct

the dishonesty is all yours

 

The irony of that cartoon is that in the most liberal cities politicians are paid the most. Also, the money that the 1% makes doesn't prohibit someone else from making their money unless they are competing in the same market. Economics isn't a zero sum game, people make money independently of each other.

 

your ignorance is amusing

obviously you didn't watch the video

[video=youtube;oSAzYWmsiwI]https://www.youtube.com/watch?v=oSAzYWmsiwI[/video]

 

QE is a practice that should only be used in the most extreme circumstances. This is what the 6th or 7th time they have done QE in the last few years now? All it ends up doing in the end is devaluing currency for a short term fix that doesn't last. It ends up screwing over people that live on fixed incomes and it devalues their retirement funds. That 100k that some one had saved up will not buy as much after the government keeps QEing all the time.

The idiots that keep saying that the Republicans only want to help the rich seem completely oblivious to the fact that Dems have controlled the Senate and the WH for the last 5 years now and the ONLY group that has improved its lot are the 1% that the left constantly complain about. You can't blame the Republicans for the inequality increase because the Dems have been running the show. This is all on you.

 

If you look at the money paid into REpublicans along with the bills they've introduced around the country that are written by lobbyists, the Republicans beat the Democrats in corruption 2 to 1. Not to mention the fact most republican rhetoric is written by big business (i.e. deregulate everything, cut the department of education, the EPA, etc.) These are all things that businesses want and stupid people who have never researched their effectiveness and necessity to keep things somewhat civil and affordable in everyday life. We've already seen what happens with for-profit colleges...students get screwed out of a worthwhile education and stuck with the bill and the college gets the money along with tax subsidies in the millions to literally put people in debt and waste their time. Then you have the EPA which republicans call a 'job killer'...but what's really a job killer, the EPA or a population too sick to work full time, costing the company production and profits? It would be SO nice if businesses treated programs like these as what they are: Investments. It's always ignored as an investment, but it's literally what it is. Programs like these have a turnaround of 3 to 1 in most cases in terms of economic value. The the economy is strong, it helps business but today we have a short-sighted get-right-quick-ponzi-scheme style business model running rampant. Grab all you can now then cash out rather than ensuring that investment today ensures growth years from now.

The only thing I think the republicans realize in terms of investment is in places like Texas where they can inch in a non-secular curriculum in public schools in hopes it creates republican voters later...all while saying 'separation of church and state' meant that the government can't interfere in religion but religion is free to interfere with government. This is seriously the most horrendous and laughable thing I've heard in recent years.

But I get off topic. There's tons of things, as I said, in general republican rhetoric that's pro business, anti-human. That's why you got people like Romney smiling as he says 'corporations are people, my friend' because it's taking rights from people, giving them to business and treating them like humans while humans get inhuman treatment.