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The Board - An Oligarchy of Bankers

Just how powerful is the Federal Reserve ?

submitted by: mike59271
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The Board - An Oligarchy of Bankers. Just how powerful is the Federal Reserve ?
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Hits: 3733 | Favorites: 0 | Emailed: 0 | Rating: 1.9 | Category: News & Politics | Date: 07/29/2013
 
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Gerry1of1
Male, 50-59, Western US
 33883 Posts
Wednesday, July 31, 2013 6:17:49 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.

SPrinkZ
Male, 18-29, Eastern US
 2227 Posts
Wednesday, July 31, 2013 4:22:07 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.

chalket
Male, 50-59, Southern US
 2481 Posts
Tuesday, July 30, 2013 9:44:08 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.)

An-egg
Male, 30-39, Eastern US
 830 Posts
Tuesday, July 30, 2013 8:10:59 AM
"They seem to be doing a good job. "

For themselves.

fb97e4ad
Male, 50-59, Western US
 4 Posts
Tuesday, July 30, 2013 7:38:34 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."

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