Why Donald Trump must shut down The Federal Reserve

I actually don't want it to be shut down either......
I want America to learn from the Central Banking experiment conducted by Prime Minister Mackenzie King beginning in 1940.

King put roughly fifty percent of the money supply into the economy through infrastructure projects, most of which were financed at zero percent interest........
because they benefited all Canadians.

This system was continued until 1974 when P. M. Pierre E. Trudeau made what I consider a serious error and
changed the system so that only two percent of the money is created through The Bank of Canada, that all of us Canadians actually own.

Three economists did a great job of explaining the advantages of that experiment.


http://www.michaeljournal.org/artic...ce-our-country-debt-free-say-three-economists

 

Great question.....
and I just ran into an article that presents us with something of a worst case scenario......
that must be prepared for...... just in case.

http://www.newswithviews.com/Coffman/mike118.htm
GEORGE SOROS AND HIS PROGRESSIVE WAR ON AMERICA



By Dr. Michael S. Coffman Ph. D.
February 15, 2011

 

Hi Dennis,
for me I have full distrust of Soros when it comes to money matters and politics, we should have something first before trying to satiate the needs of the entire, otherwise we will just implode internally. I myself supported freedom but sometimes we have to impose some measures and control to keep the balance and keep the country robust. They should settle for a loaf of bread when the country still for meantime could only afford to provide that and not that most desired bags of candies. We could also make a call for them to help the country by being productive so that in result the country would be able enough to provide what they want. It's all about cooperation.

 

Dennis, many things are money. Whey you pull out that debit card, it is money. When you write a check, that is money. When you barter a basket of your apples from your trees for propane gas, that is money. Money comes in thousands of forms. Calgary dollars are to be earned and spent in Calgary. It does not fit the bill for a currency spendable all over Canada.

I have nothing at all against many forms of money. The Feds in the USA hate it since when you deal in fairly low sums, use checks and debit cards, it is next to impossible to tax you. This is what to aim for. Tax free revenue streams.

 

1 Bitcoin equals
1151.61 US Dollar

right now

 

Gold: 1,205.41

right now

 

There is the genuine question often tossed out by we freedom loving fighters. Who owns you? If you are owned by government, which is really the theory taught by Democrats / supporters / left wingers, etc ... then you owe government taxes, their use of your life and much more. If Government wants to, it could create a law and all men would be drafted, at any age in life. So who is the Federal Reserve? The true answer is Banks. There are 12 federal districts. Each has a federal reserve. All of them cooperate with each other. The New York Federal Reserve is not the San Francisco Federal Reserve. But they work in harmony.

To say you are owned by Banks is perhaps true if all your money is in banks. If you spread it around, such as in stock equities, homes, lands, commercial buildings and more, that is not owned by the federal reserve. Gold you mine is not in the Federal Reserve nor your oil in the ground. When you use currency, you then are using the federal reserve.

The Debt to the world, of the Federal Government is different. That is owed the public at large along with other nations.

The Federal reserve orders cash. But the Federal Government prints it. The Federal Reserve has no legal way to print money.

 

Robert.... I have a verse and a discussion to toss at you because I
am certain that you will be given an exceptional insightful.........
probably inspired reply to this...........


John 18:36

"Jesus answered, My kingdom is not of this world: if my kingdom were of this world, then would my servants fight, that I should not be delivered to the Jews: but now is my kingdom not from hence."

Could..... there be a latter day Yom Kippur event......
that is somewhat like the Passover Passion of Messiah Yeshua - Jesus event......
but also different... .but it expands the kingdom of Messiah Yeshua - Jesus into this world.......
and even into the realms of mammon / money???????????????

 

I realize you are speaking of when Jesus was before the Jews religious leaders prior to his execution. I believe it is common belief that he was speaking of Heaven. If you stop to think about it, he was speaking as a King not some normal person to be put to death. As to speculations past that event, i am not going to debate since I have no opinion to offer.

I see two ways to look at GOD for example. We can study the religious books to try to scope out GOD and how GOD is, what are GOD's desires and goals.

Scientifically we can escape that kind of discussion and stick to creation. I often try to stick to that side and not engage in his desires for men.

 

Well said.............
what do you think of my choice for 2024?

Is a Unified Theory of Modern World Problems even possible?

http://www.politicalforum.com/index...s-even-possible.432571/page-4#post-1068060081

 

Exactly........I am not yet sure exactly what should be done with Mr. George Soros... but I feel that Warren Buffet is the weak link in the chain who can be used to bring Soros down!



Here is an example of somebody in England who I believe should be
charged with "stirring up racial hatred" , jailed... and if possible... kicked out of England.


Should this neo-Nazi anti-Semite be put in jail?
http://www.politicalforum.com/index...s-neo-nazi-anti-semite-be-put-in-jail.529409/


http://www.bbc.com/news/uk-england-lancashire-42546017

Self-proclaimed Nazi 'called for Jews to be eradicated'

 

Dennis, it is too soon to pick presidents at that point. We may learn of truly skilled later on and pick others we do not yet know of. I can't assess Abovealpha at all. I paid him no attention then you showed me a link.

 

The idiots in Congress cannot even put a budget together. You really want them to control the money supply, with which they can easily devastate the economy?

You mean the Federal Reserve isn't audited? Who told you that?

 

I thought that he did an impressive job of warning us about the probable long term threats posed by climate change.

Is this analysis of the probable long term effects of climate change logical?

and AboveAlpha set us up with a better response than a carbon tax or cap and trade system.

 

https://www.federalreserve.gov/faqs/about_12784.htm
Have A Question?

• Ask Us

Does the Federal Reserve ever get audited?
Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

• The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities every year.
• The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the independent Office of Inspector General (OIG). The results of this independent audit are released to the Congress and the public.
• The Board’s OIG conducts independent audits, evaluations, and criminal investigations relating to the programs and operations of the Board, as well as those Board functions delegated to the Reserve Banks. Completed OIG reports are publicly available as well as a dynamic Work Plan that lists all of the OIG’s ongoing and planned audit and evaluation work. In addition, completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board’s Annual Report.
• The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.
• Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends; it also provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."

In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.

See the audit page on the Federal Reserve Board’s website for more information on all of the above audits as well as more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.

 

True... it is audited... but President Trump obviously has something larger in mind than merely an audit..........
I suspect that he wishes to go down in history as the third President to tackle the Federal Reserve along with Lincoln and JFK.

https://www.michaeljournal.org/articles/politics/item/abraham-lincoln-and-john-f-kennedy

Abraham Lincoln and John F. Kennedy
Written by Melvin Sickler on Wednesday, 01 October 2003. Posted in United States

TWO GREAT PRESIDENTS OF THE UNITED STATES ASSASSINATED FOR THE CAUSE OF JUSTICE


.......

 

IMO you are giving waaaay to much credit to the president. I doubt his thinking or level of knowledge goes much deeper than an "end the Fed" slogan he saw on some RW propaganda outlet.

 

Yep. The Fed is the most heavily audited entity in the world, probably.

 

You could be correct.......
my answer in the following poll was 150 or higher.......
(as you can see from the little asterix by #1)
so I may be somewhat biased?!

But... if President Donald J. Trump comes out with a significant announcement regarding an audit of the Federal Reserve before November 6, 2018.... I think he would doom any chances that the Dems have for the mid terms!


http://www.politicalforum.com/index.php?threads/is-president-trumps-iq-around-156.497274/

My guess as to President Trump's IQ?

1. *
   150 or higher
   18 vote(s)
   17.1%
2. 
   140 - 149
   13 vote(s)
   12.4%
3. 
   130 - 139
   8 vote(s)
   7.6%
4. 
   less than 130
   66 vote(s)
   62.9%

http://macarthur.charismanews.com/p...for-secretary-of-state-might-be-a-genius-move

Why Picking Mitt Romney for Secretary of State Might Be a Genius Move

 

But... .are they fulfilling the role that they claim to be doing?

Is the government paying any net interest to the Fed?


I just read powerful evidence that the Federal Reserve is doing an excellent job.
http://www.politicalforum.com/index...ral-reserve-is-doing-an-excellent-job.398648/

 

There simply isnt enough of any one thing on the planet that is capable of backing up the ammounts of currency needed in todays economy. To go back to something like the gold standard would wipe out trillions upon trillions of dollars in wealth.

 

Congress does control the money supply.

As I'm sure you know, the movement to "audit the Fed" has nothing to do with auditing the Fed as you already pointed out, it's already audited. "Audit the Fed" is about giving Congress control over monetary policy.

 

This power is not unlimited.
It is highly limited.
Cf Venezuela and Zimbabwe.

If you print money the value of all your currency is reduced.
There comes a point when it becomes effectively worthless.

There comes a point where no one will accept your currency. The limit, is people won't use it.

Printing money doesn't prevent austerity. Because money is not wealth. Goods and services are.

You can't eat money. You can only trade money for available food.
The more you print, the less it is worth. No more food exists. People still have to eat less when less food is available.
No matter how much money you print.

If you consume more than you produce, austerity is guaranteed.
No amount of monetary policy can change that fundamental physical relationship.

 

The restraint isn't fiscal, that was my point.

Yes, it's called an inflation constraint.

Value is relative. In this case, the value of dollars is measured against the time it takes to earn them relative to prices.

Work for 1hr make $10 and can purchase a good steak for $10

Or

Work for 1hr make $50 and the same steak costs $50, dollars are "worth less" but jobs pay more.

If it cost $5000 for a steak and you earn $5000 an hour...Again, the problem with a dollar worth 500 times less is average salaries are 500 times more?

Today's dollar is worth 95 times less than it was in 1913 which is really only a problem if you earned your dollars in 1913 and waited to spend them until today.

Absolutely, but that point cannot be determined by looking only at the amount of money that's been created. Any nation that has experienced hyperinflation suffered a resource constrained as the precipitating cause of it's out of control inflation.

And as long as there are goods and services to purchase the government can print money.

Yep, like I said, resource constraint.

No, only if you print money and there is no labor or resources available to make more food to meet higher levels of demand.

Again, you are simply pointing out what I've said ALL along. resources/ labor are the constraints on money creation, not money creation by itself. Automation, immigration, and advances in technology increase productivity and output. Higher per-person productivity and output, the more money you can (and should) create.

 

Each time you print more money labour and goods are devalued. Because...

Because changing the value of a currency does not change the value of goods and services.

Because adding more notes to the economy adds no more trade goods or trade services.


Yes, you can produce more goods and services and if you do, add printing more money will not have an effect on monetary inflation if done at a matching rate, but it still doesn't produce any more goods or services.

The problem is not the number of zero's written on each note. The problem is not enough goods and services to meet demand.

So in the case of austerity if you produce less than you consume, printing money doesn't add any production to the economy.
You must still consume less. Nothing can change that.

No monetary policy, no clever con trick.

Printing money isn't printing goods and services.
It doesn't feed or house anyone extra if you do so.