There Are No Giant Conspiracies

[Hugh Johnson]

Again, it's still not a state entity. You are correct that the Federal Reserve act created it, and the Ferderal government appoints the board of governors, but even Wikipedia states it has "public and private components."

"The Federal Reserve System is composed of several layers. It is governed by the presidentially appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in cities throughout the nation, regulate and oversee privately owned commercial banks.[15][16][17] Nationally chartered commercial banks are required to hold stock in, and can elect some of the board members of, the Federal Reserve Bank of their region. The Federal Open Market Committee (FOMC) sets monetary policy. It consists of all seven members of the board of governors and the twelve regional Federal Reserve Bank presidents, though only five bank presidents vote at a time (the president of the New York Fed and four others who rotate through one-year voting terms). There are also various advisory councils. Thus, the Federal Reserve System has both public and private components.[list 2] It has a structure unique among central banks, and is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.[22]"

Does Federal Express hold stock in the Post Office? Does Conagra or Monsanto hold stock in the USDA? Do Merck or Glaxo hold stock in the FDA?

It's not a separation, it's a partnership, which is the word I used in my first statement. You can argue that it's not functionally different from the Central Banks of Europe, which appear to be fully under state control (and G. Edward Griffin makes this point himself), but it's still not a state entity.

A """partnership""" in which one party has 100% control over the leadership, mandate and very existence of the other partner, while the other has no power. Any independence is a fiction meant to prevent democratic control over monetary policy.

 

[tankasnowgod]

A """partnership""" in which one party has 100% control over the leadership, mandate and very existence of the other partner, while the other has no power. .

I think that party is the cartel of banks. You seem to think it's the Federal Government.

We are on a forum where we constantly talk about (and give solid examples and evidence of) pharmaceutical companies exerting great influence over the FDA, a regulatory body that on paper appears to have total control over them. I don't understand how you can't at least entertain the idea that the same thing can happen in the financial world, with an entity that appears to be more like a 50/50 split of power on paper.

 

[Nigel Forester]

How dumb are you?
We literally have police evidence of international pedophile satanist blackmail rings involving the highest echelons of society and you wanna make this bluepilled post on how it doesn’t exist?

 

[Nigel Forester]

Yea some guy just wanted to collect his insurance policy so he flew some planes into a building. All for that Maui vacation with his wife.

Straw man bullcrap
Money is just a side benefit
You’re being obtuse

 

[Nigel Forester]

Conspiracy theories are just the new religion. Frustratingly, a lot of them obscure action against actual crimes that are going in front of people's eyes.

You'll notice they are mainly popular among people who have little to no exposure to the critiques provided by anarchists, socialists and communists (their conservative social programming doesn't allow for it). Having no grounding in a coherent analysis of power within a system lets people to drift off into delusional fantasies.

Notice how in multiple threads Thomas never actually brings evidence about a particular theory being false. Just says they are on a whole wrong.

Thomas00 do you think the Epstein thing is not real?

 

[Hugh Johnson]

I think that party is the cartel of banks. You seem to think it's the Federal Government.

We are on a forum where we constantly talk about (and give solid examples and evidence of) pharmaceutical companies exerting great influence over the FDA, a regulatory body that on paper appears to have total control over them. I don't understand how you can't at least entertain the idea that the same thing can happen in the financial world, with an entity that appears to be more like a 50/50 split of power on paper.

No, it's 100/0 power on paper. What you are talking is the exact thing I have repeated in each of my posts about this. The Fed was created to keep monetary policy out of the democratic discussions. It's independence is an illusion, however I have said every time that it exists because there is in interest for the elites to control monetary policy for their own benefit. Are you being intentionally obtuse?

 

[Hugh Johnson]

Notice how in multiple threads Thomas never actually brings evidence about a particular theory being false. Just says they are on a whole wrong.

Thomas00 do you think the Epstein thing is not real?

Also, there are plenty of conspiracies that have been put on trial, and there have been convictions.

 

[tankasnowgod]

No, it's 100/0 power on paper. What you are talking is the exact thing I have repeated in each of my posts about this. The Fed was created to keep monetary policy out of the democratic discussions. It's independence is an illusion, however I have said every time that it exists because there is in interest for the elites to control monetary policy for their own benefit. Are you being intentionally obtuse?

Look, at this point, we just disagree, so let's end this. You can think I'm being obtuse, but meanwhile, you are the one who is arguing that the Federal Reserve isn't structured how it's actually structured. I would certainly call that obtuse. You have said nothing to disprove my original comment.

 

[michael94]

@Hugh Johnson

Thanks for your replies above. It’s hard to fathom that many people have so little knowledge even know what money is and how it functions, same goes for credit and interest.

"Money" as it currently is, functions as a whip for low lifes to use against productive people in the economy. You are protecting criminals under the guise of being educated about economics. If a nation were to in one fell swoop claim private loan capital and interest on such as illegitimate, it would become more wealthy overnight not less.

 

[LeeLemonoil]

"Money" as it currently is, functions as a whip for low lifes to use against productive people in the economy. You are protecting criminals under the guise of being educated about economics. If a nation were to in one fell swoop claim loan capital and interest on such as illegitimate, it would become more wealthy overnight not less.

You’re very wrong. Loans and interest are prerequisites for prosperity of societies. All serious left econometrics acknowledge that, the mechanisms are proven.
There is much wrong in our world. I’m the last one to defend the current power hierarchies and order. But you say money and interest are bad or evil per se. Quite the contrary.

 

[michael94]

You’re very wrong. Loans and interest are prerequisites for prosperity of societies. All serious left econometrics acknowledge that, the mechanisms are proven.
There is much wrong in our world. I’m the last one to defend the current power hierarchies and order. But you say money and interest are bad or evil per se. Quite the contrary.

I posted in my original messages why most "money" in the economy via loans is of fraudulent origin. You are defending criminals by saying this fairy-dust is doing the right thing to stimulate economic growth.

 

[postman]

The Fed was created by the state, it's board is appointed by the state, it's charter depends on the state, the enforcement of the monetary monopoly, and the value value of the money is done by the state.

The separation is a fiction. It is because the ruling class wanted to keep a high unemployment, read Kalecki's The Political Aspects of Unemployment, for why.

The money goes through the banking system because it makes it look independent and gives them a pretext so there is no democratic discussion on money creation. The Fed should really just be a desk in the Treasury.

The 12 federal reserve banks are privately owned and only 7/12 of the board members of the federal reserve system are appointed by the state, the rest are direct representatives of the privately owned banks. Not only is there no discussion about money creation, there is also very little transparency.

 

[LeeLemonoil]

I posted in my original messages why most "money" in the economy via loans is of fraudulent origin. You are defending criminals by saying this fairy-dust is doing the right thing to stimulate economic growth.

Creating money out of thin air IS the right way to create growth and isn't per se a problem either. Even Keynes described that.

For anyne discussing here, I'd like to recommend a book that revolves around both topics here in a way, secret power-networks, conspiracies and money. But how out it actually transpires, how it manifested in a real world setting. Not saying that it gives a complete picture, far from it, it's a snapshot but it gives a nice insight how the tiers work. Here re politicians and deep bureaucrats at work, pitting it against an elected minister and one oof the brightest and bravest economists of the resent, who happens to be a atern leftist.

Read what Yannis Varoufakis recorded and wrote down as he negotiated with some of Europse most powerful about the euo-crisis and how it strangled Greece. It's the real world, it actually happened. And its a great read
look up the reviews, it convinced even skeptics abput the scary machinations o antechamber politics, cabales and deep stae
https://www.amazon.com/-/de/gp/product/0374538050/ref=dbs_a_def_rwt_bibl_vppi_i2

 

[LUH 3417]

Straw man bullcrap
Money is just a side benefit
You’re being obtuse

I was being sarcastic?

 

[michael94]

Creating money out of thin air IS the right way to create growth and isn't per se a problem either. Even Keynes described that.

I should be clear. Issuing Treasury Notes in exchange for work or resources via State issued Fiat is diametrically opposed to how private bank loans function. Both are technically "from thin air" but one is issuing currency notes as a tool for trade, the other is for abuse by parasitic entities.

 

[Nigel Forester]

I was being sarcastic?

I assumed you were. double layered sarcasm. You expect too much, I can’t read minds (yet)

 

[LUH 3417]

I assumed you were. double layered sarcasm. You expect too much, I can’t read minds (yet)

You probably can.

 

[Nigel Forester]

You probably can.

I can see my surroundings when my eyes are closed and I clear my mind

 

[michael94]

Banks in the U.S. will now have Zero reserve requirements.

 

[mujuro]

I don’t think there is a single group of elite conspiring to control more and more of the world.

I just think there are more than one, competing for the most control.

Maybe conspiracy is the wrong word. If they decide what (most of) the media airs, they can do as they please in their own world and we 99% won’t see or hear a thing about it.

Most of it isn’t. Fluoride, promotion of fast food, vaccines, housing bubbles — I chalk these up to individual motivations, opportunism, good ideas gone bad or people mistaking parts for the whole. Geopolitics however is in a different realm.