The Creation of the Federal Reserve System

what makes you say that?

 

"President Kennedy repeated his calls for Congress to act on several occasions, including his 1963 Economic Report, where he wrote:[3]

I again urge a revision in our silver policy to reflect the status of silver as a metal for which there is an expanding industrial demand. Except for its use in coins, silver serves no useful monetary function.

In 1961, at my direction, sales of silver were suspended by the Secretary of the Treasury. As further steps, I recommend repeal of those Acts that oblige the Treasury to support the price of silver; and repeal of the special 50-percent tax on transfers of interest in silver and authorization for the Federal Reserve System to issue notes in denominations of $1, so as to make possible the gradual withdrawal of silver certificates from circulation and the use of the silver thus released for coinage purposes. I urge the Congress to take prompt action on these recommended changes."

Ok i might have misunderstood him. It had use as a coin.

 

he knew it was best to begin to unbuckle to link between money and precious metals, the inelasticity of gold and silver money often causes volatility in the economy

 

you lose your credibilty when you quote someone whose posts are clueless ramblings wherever he posts and I am speaking for DOZENS of posters who will say the same thing about a certain posters posts and have many times.

for five months our money was backed by silver,after his assassination that all changed and since then we have been stuck with worthless federal reserve notes backed by useless paper.

read link below.you can either face the facts or live in denial and listen to the clueless ramblings of posters here that frequent these boards here.I dont care.oh and I am not religous or anything just so you know but that doesnt take away the great information in that link below just cause the title of it.

http://www.jesus-is-savior.com/Evil...al Reserve Scam/kennedy_killed_by_bankers.htm

 

It should be appointed by congress who is suppose to serve the people but doesnt.the way it is having the largest banks appoint their agents determine the money policy spells disaster.

 

this in fact is why the lamestream media and the government fear ron paul being elected because he has the same visions that kennedy had in eliminating the federal reserve.the comments these posters made in this link below,they hit the nail right on the head.

http://www.dailypaul.com/73305/kennedy-killed-by-bankers-over-abolishing-federal-reserve

 

The appointments of directors who determine money policy are not by the banks, but by the President, and must be confirmed by the Senate. It's the same for Supreme Court appointees.

 

that is very comforting.

 

yeah especially since presidents are just puppets for the establishment willing to do their bidding along with a corrupt congress and supreme court.

 

And Congress is not?

 

even more comforting

 

what part of this post did you fail to understand?


yeah especially since presidents are just puppets for the establishment willing to do their bidding along with a corrupt congress and supreme court.

 

The part about whatever point you're trying to make.

And?

 

pretty much ruins your argument that the government regulates the FED

 

Relax. I've had my issues with the guy but if i believe someone is right on an issue i will say so. If you dont like it tough.

Now if you had patience you would see my next post saying i misunderstood what i read.

Again relax.

 

Absolutely, Their is nothing federal about it. It is no more federal than Fedx!
It is privately owned and should be ended immediately.

 

Good point, except I didn't make that argument, and if I had, it would have not ruined it at all.

Thanks for contributing your usual meaningless drivel.

 

I see no evidence that the Money Trust or anybody related to the Federal Reserve had anything to do with the JFK Assassination.

 

The President simply makes the appointments that the largest banks pressure him to.

So you don't think the banks exert any pressure on the President for selecting his appointments? That they don't exert any pressure on the Senate in approving his selections?

 

It would take more than your say so to convince me of that. Why aren't BoA executives on the Fed Board?

 

So you're admitting that you're not convinced that banking lobbyism exists in Washington?

Jamie Dimon, CEO of JPMorgan&Chase is on the Board for the Federal Reserve Bank of New York. Nope, no banking lobbyism going on there.

What makes you think that BoA executives have to be on the Fed Board in order for there to be political pressure on the President and the Senate to confirm indivudals to the Fed Board who will make the "correct" decisions?

Please respond to posts 223-228.

 

No, I'm admitting I'm not conviced that "The President simply makes the appointments that the largest banks pressure him to."

The board of the Regional banks don't decide money policy. The Board of Governors of the Federal Reserve does. Completely different things.

 

So you do not think that the President makes appointments to the BoG based off pressure from the largest Fed member banks?

To deny that the members of the boards of the regional banks do not have any influence over the members of the BoG is hopelessly naive.

Yep. Please respond to posts 223-228.

 

I think Presidents take lots of things into consideration when they make appointments. Do you have any evidence that the "The President simply makes the appointments that the largest banks pressure him to" other than your own say so?

They may. But they have no vote and do not sit in on the meetings.

Some day when I have a few spare hours.

 

Sure he does. But ultimately, the most influential member banks put pressure on him to never appoint anybody who would not work in favor of those most influential Fed member banks. And coincidentally, the President never appoints members to the BoG who work against the most influential member banks.

Perhaps that was an exaggeration. See my last paragraph for clarification.

I think it's quite obvious that they do.

I look forward to resuming that debate.