The best in arts & entertainment, news, pop culture, and your mom since 2002.

[Total: 15    Average: 2.4/5]
14 Comments - View/Add
Hits: 3752
Rating: 2.4
Category:
Date: 07/29/13 02:43 PM

14 Responses to The Board – An Oligarchy of Bankers

  1. Profile photo of mike59271
    mike59271 Male 18-29
    11 posts
    July 29, 2013 at 2:43 pm
    Link: The Board - An Oligarchy of Bankers - Just how powerful is the Federal Reserve ?
  2. Profile photo of tsiemens
    tsiemens Male 30-39
    515 posts
    July 29, 2013 at 3:54 pm
    the answer is indefinitely
  3. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    July 29, 2013 at 4:27 pm
    Nobody cares about the Fed for some reason. If you bring it up, you`re some fringe Libertarian Ron Paul fanatic. This is despite the fact that the Fed has been behind most of the bubbles in recent memory and the destruction of sound money. As well as the unholy alliances between bankers on Wall Street and the government.
  4. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36695 posts
    July 29, 2013 at 5:15 pm

    So, this is the new spin on "Jews Own The Banks" paranoia?
  5. Profile photo of Pooptart19
    Pooptart19 Male 18-29
    2441 posts
    July 29, 2013 at 8:57 pm
    Hmmmm. For an infowars production is was fairly un-crazy.
  6. Profile photo of Oldfrt
    Oldfrt Male 50-59
    750 posts
    July 29, 2013 at 9:29 pm
    The U.S. has had two central banks previous to the Fed, both had their charters pulled due to fiscal malfeasance. I`ve read that the Fed was created, in part, due to a manufactured banking crisis ( a bank run in the 1890`s) to establish the "Too big to fail" concept and protect bankers risks (e.g., bad loans) with government guarantees. I`ll be the first to admit my sources aren`t air tight, but I suspect I could find credible evidence for this theory. Regardless, the government should be in charge of monetary policy, not a private bank (...and yes, it pains my conservative sensibilities to say that)
  7. Profile photo of onoffonoffon
    onoffonoffon Male 30-39
    2354 posts
    July 30, 2013 at 12:16 am
    The solution is simple. Don`t use USD.
  8. Profile photo of ferdyfred
    ferdyfred Male 40-49
    13631 posts
    July 30, 2013 at 12:50 am
    Oh this crap is the same the world over for the longest time

    Not just America, every country, and to a smaller scope every state, county ...goes on and on
  9. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36695 posts
    July 30, 2013 at 6:16 am

    So what`s the problem? They seem to be doing a good job.

    Up until very recently, the dollar has been very strong. THEE currency standard for the whole world.
  10. Profile photo of fb97e4ad
    fb97e4ad Male 50-59
    4 posts
    July 30, 2013 at 7:38 am
    97% of new money is created by banks, not the fed. The government just makes hard cash; most money is just numbers in computers, and more is created every time a new loan is taken out. This is where inflation and housing bubbles come from, not from the fed. Read the book "Where Does Money Come From."
  11. Profile photo of An-egg
    An-egg Male 30-39
    885 posts
    July 30, 2013 at 8:11 am
    "They seem to be doing a good job. "

    For themselves.
  12. Profile photo of chalket
    chalket Male 50-59
    2712 posts
    July 30, 2013 at 9:44 am
    97% of new money is created by banks, not the fed.

    The fed IS a bank. The Federal Reserve BANK. (Actually, a system of 12 regional banks.)
  13. Profile photo of SPrinkZ
    SPrinkZ Male 18-29
    2279 posts
    July 31, 2013 at 4:22 am
    Gerry...you do realize that our dollar is merely an inflated monster, right? And that we`ve vested interests in keeping it appearing alive and well even when it`s not. The entire world has been trying to get away from the dollar for a while now and we`ve stopped them.
  14. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36695 posts
    July 31, 2013 at 6:17 am

    SPrinkZ - all money is just a symbol. Whether you`re using gold, tobacco leaves or paper representations of silver, it`s all just symbols and are valid only as long as people believe in the value of the symbol. Actual real value has little to do with it. Money is about faith in the Dollar.

Leave a Reply