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We are all slaves. Its rigged against us

Hayd
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7/26/2016 10:08:15 PM
Posted: 4 months ago
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer. You would be inclined to believe that this money is backed by some physical value, such as gold. But that would be wrong, as the Federal Reserve ran out of gold in 1934 [7]. When the Federal Reserve loans out money to the US, the US promises to pay back the loan with interest; the interest being paid through taxation. If all money in circulation is created by loans, where does the money come from to pay off the interest?

Let"s say we reset the system to zero. Loan $1,000 into existence and charge 2% interest. We now have $1000 in the system but we owe $1000 plus interest? The money to pay the interest doesn"t exist. It is a game of musical chairs where the person ending up without a chair faces bankruptcy and financial ruin. To say that the game is rigged is an understatement.

jk, idek
https://www.youtube.com...

[1] https://www.britannica.com...
[2] https://www.stlouisfed.org...
[3] https://www.stlouisfed.org...
[4] http://www.hoovers.com...
[5] http://www.bostonfed.org...
[6] http://beta.fortune.com...
[7] https://www.metavideos.com...
slo1
Posts: 4,351
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7/27/2016 3:15:41 AM
Posted: 4 months ago
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.

This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.
Hayd
Posts: 4,022
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7/27/2016 4:32:15 AM
Posted: 4 months ago
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning
slo1
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7/27/2016 12:56:01 PM
Posted: 4 months ago
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

I didn't say it was in direct opposition, but it is an important distinction. The method the Fed uses to increase monetary supply is not the same as Zimbabwe printing money to pay off its debts. The method it uses it would be impossible to print more cash than the value of assets that are privately held. It is not nearly as dangerous as is portrayed when saying the Fed prints money, implying it is done without purchasing an asset.
Hayd
Posts: 4,022
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7/27/2016 4:53:48 PM
Posted: 4 months ago
At 7/27/2016 12:56:01 PM, slo1 wrote:
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

I didn't say it was in direct opposition, but it is an important distinction. The method the Fed uses to increase monetary supply is not the same as Zimbabwe printing money to pay off its debts. The method it uses it would be impossible to print more cash than the value of assets that are privately held. It is not nearly as dangerous as is portrayed when saying the Fed prints money, implying it is done without purchasing an asset.

Firstly, we are not talking about "monetary supply", we are talking about money creation. When the Fed loans money to the government, do they actually have any of the money they are loaning out? No, its supposed to represent a value, but no value represents it. They are typing numbers into a computer. And then we, the citizens have work to get income to pay the taxes to pay off the interest or we get thrown in jail. And then the Fed profits off the income. We are slaves to the Fed, and the Fed gets free labor, from us.
bballcrook21
Posts: 4,468
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7/27/2016 5:44:28 PM
Posted: 4 months ago
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 5:45:07 PM
Posted: 4 months ago
At 7/27/2016 1:10:21 AM, Greyparrot wrote:
I'm a bourgeoisie, sorry.

Bourgeois, not bourgeoisie.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Hayd
Posts: 4,022
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7/27/2016 5:46:09 PM
Posted: 4 months ago
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!
bballcrook21
Posts: 4,468
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7/27/2016 5:46:30 PM
Posted: 4 months ago
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

So you are against fractional reserve banking? I would assume you're against the Fed as well then.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 5:46:55 PM
Posted: 4 months ago
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 5:47:31 PM
Posted: 4 months ago
At 7/27/2016 4:53:48 PM, Hayd wrote:
At 7/27/2016 12:56:01 PM, slo1 wrote:
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

I didn't say it was in direct opposition, but it is an important distinction. The method the Fed uses to increase monetary supply is not the same as Zimbabwe printing money to pay off its debts. The method it uses it would be impossible to print more cash than the value of assets that are privately held. It is not nearly as dangerous as is portrayed when saying the Fed prints money, implying it is done without purchasing an asset.

Firstly, we are not talking about "monetary supply", we are talking about money creation. When the Fed loans money to the government, do they actually have any of the money they are loaning out? No, its supposed to represent a value, but no value represents it. They are typing numbers into a computer. And then we, the citizens have work to get income to pay the taxes to pay off the interest or we get thrown in jail. And then the Fed profits off the income. We are slaves to the Fed, and the Fed gets free labor, from us.

You just went full Libertarian/AnCap.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Hayd
Posts: 4,022
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7/27/2016 5:54:22 PM
Posted: 4 months ago
At 7/27/2016 5:46:30 PM, bballcrook21 wrote:
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

So you are against fractional reserve banking? I would assume you're against the Fed as well then.

Idk. I never really got into economics, never read about it. Just kinda typed this up based off a youtube video and based on very simple economic logic
Hayd
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7/27/2016 5:55:26 PM
Posted: 4 months ago
At 7/27/2016 5:46:55 PM, bballcrook21 wrote:
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol

Doesn't really have to do with freedom. And I don't support communism, I support socialism. Having a physical revolution establishes too much nationalism which doesn't lead to good places. The state should be established by the state
bballcrook21
Posts: 4,468
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7/27/2016 6:09:29 PM
Posted: 4 months ago
At 7/27/2016 5:54:22 PM, Hayd wrote:
At 7/27/2016 5:46:30 PM, bballcrook21 wrote:
At 7/27/2016 4:32:15 AM, Hayd wrote:
At 7/27/2016 3:15:41 AM, slo1 wrote:
At 7/26/2016 10:08:15 PM, Hayd wrote:
https://www.youtube.com...

Our economy is like a game of musical chairs, it's rigged. A very sophisticated method of enslavement has taken hold of our society, so sophisticated that the majority of the slaves don"t even know that they are enslaved.

Money makes the world go round. Money is used to attain basic necessities of life such as food, shelter, clothing, as well as a way to satisfy what we desire. Money not only provides satisfaction for our desires and needs, but it also is an illusory form of social validation. The combination of these factors, results in a very powerful force indeed. Thus, whoever controls the creation of money, the source, has extreme power over all of us. So who controls the money?

In the case of the US, it"s not the government, it's the Federal Reserve. The Federal Reserve is a privately owned corporation. It is run by board directors that are selected by 12 Federal Reserve banks. Each Federal Reserve bank is run by its own board of directors [2]. These board of directors are the richest people in America. Just take a look at the St. Louis Federal Reserve Bank Board of Directors, all are CEOs, and most own fortune 500 companies [3]. For example Kathleen M. Mazzarella is CEO of Graybar Electric Co., a fortune 500 company [4]. And in the Federal Reserve Bank of Boston [5], Joseph L. Hooley is CEO of State Street Corporation, a fortune 500 company [6]. Go to any of the 12 Federal Reserve Banks and you will find that all of the directors are CEOs, and almost half own Fortune 500 companies.

Why is this important? Once I explain it to you simply, you will understand why. Every dollar in circulation is loaned into existence by the Federal Reserve. The Federal Reserve loans out money to the government and other entities. The Federal Reserve raises and lowers the interest on these loans in accordance to economic conditions. The problem is that the Federal Reserve isn"t actually loaning out money that they have. They are merely typing the numbers into existence on a computer.


This is not described accurately. It increases money supply by buying US Treasuries and mortgage backed securities. Those are real assets that are paid back. You are right in that the Fed pays for those assets with money it printed, but one has to remember that we are on a fractional system. If everyone was to liquidate their assets there would not be enough cash to cover that. Cash would have to be printed +just to cover it.

The time to get concerned is when the Fed prints money and gives to the Treasury to pay it's debts.

You literally concede the main point of the OP, that we have a fractional system. This thus leads to the musical chairs system, that is of course unfair to the majority of people in the country. That is concerning

So you are against fractional reserve banking? I would assume you're against the Fed as well then.

Idk. I never really got into economics, never read about it. Just kinda typed this up based off a youtube video and based on very simple economic logic

Well, the Fed is a little bit more complex than a simple "they print money which is bad" deal.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
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7/27/2016 6:09:40 PM
Posted: 4 months ago
At 7/27/2016 5:56:30 PM, Hayd wrote:
At 7/27/2016 5:47:31 PM, bballcrook21 wrote:
You just went full Libertarian/AnCap.

Whats AnCap?

Anarcho Capitalism
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 6:10:18 PM
Posted: 4 months ago
At 7/27/2016 5:55:26 PM, Hayd wrote:
At 7/27/2016 5:46:55 PM, bballcrook21 wrote:
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol

Doesn't really have to do with freedom. And I don't support communism, I support socialism. Having a physical revolution establishes too much nationalism which doesn't lead to good places. The state should be established by the state

They're practically the same, and equally as horrendous (to any economist, at least.)
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Hayd
Posts: 4,022
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7/27/2016 6:12:22 PM
Posted: 4 months ago
At 7/27/2016 6:09:29 PM, bballcrook21 wrote:
Well, the Fed is a little bit more complex than a simple "they print money which is bad" deal.

Yeah, I was hoping I could ignore that stuff and just focus on the part in the OP. I wasn't saying to abolish the Fed or that they are bad or whatevs. Just that we are slaves to the banks. I mean, the banks are essentially getting free labor. We are working in jobs we hate most of the time just so that we can pay the taxes to the government so that they can pay back the interest to the banks. We are working to give the banks money lol, and if we pay our taxes then we are a good slave

I sound so crazy lmao, like I'm not even sure if I'm serious or not anymore XD
Hayd
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7/27/2016 6:13:24 PM
Posted: 4 months ago
At 7/27/2016 6:09:40 PM, bballcrook21 wrote:
At 7/27/2016 5:56:30 PM, Hayd wrote:
At 7/27/2016 5:47:31 PM, bballcrook21 wrote:
You just went full Libertarian/AnCap.

Whats AnCap?

Anarcho Capitalism

Ah, I don't know anything about that. I'm just kinda saying what I'm saying right now, not for any ideology in mind. If it aligns witht that then cool
Hayd
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7/27/2016 6:14:16 PM
Posted: 4 months ago
At 7/27/2016 6:10:18 PM, bballcrook21 wrote:
At 7/27/2016 5:55:26 PM, Hayd wrote:
At 7/27/2016 5:46:55 PM, bballcrook21 wrote:
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol

Doesn't really have to do with freedom. And I don't support communism, I support socialism. Having a physical revolution establishes too much nationalism which doesn't lead to good places. The state should be established by the state

They're practically the same, and equally as horrendous (to any economist, at least.)

The only difference is in which way to achieve the state. So they are the same in the state, just different ways of achieving it.
bballcrook21
Posts: 4,468
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7/27/2016 6:34:35 PM
Posted: 4 months ago
At 7/27/2016 6:14:16 PM, Hayd wrote:
At 7/27/2016 6:10:18 PM, bballcrook21 wrote:
At 7/27/2016 5:55:26 PM, Hayd wrote:
At 7/27/2016 5:46:55 PM, bballcrook21 wrote:
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol

Doesn't really have to do with freedom. And I don't support communism, I support socialism. Having a physical revolution establishes too much nationalism which doesn't lead to good places. The state should be established by the state

They're practically the same, and equally as horrendous (to any economist, at least.)

The only difference is in which way to achieve the state. So they are the same in the state, just different ways of achieving it.

No, that's not the case. Marxists/Communists believe in the absence of a state, but as we've seen, the practical existence of the ideology always results in a large state, as people are never enticed into giving up the entirety of their property/wealth for no reason.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 6:36:04 PM
Posted: 4 months ago
At 7/27/2016 6:13:24 PM, Hayd wrote:
At 7/27/2016 6:09:40 PM, bballcrook21 wrote:
At 7/27/2016 5:56:30 PM, Hayd wrote:
At 7/27/2016 5:47:31 PM, bballcrook21 wrote:
You just went full Libertarian/AnCap.

Whats AnCap?

Anarcho Capitalism

Ah, I don't know anything about that. I'm just kinda saying what I'm saying right now, not for any ideology in mind. If it aligns witht that then cool

yeah, most staunch Libertarians are anti-fed.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
bballcrook21
Posts: 4,468
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7/27/2016 6:36:23 PM
Posted: 4 months ago
At 7/27/2016 6:14:50 PM, Hayd wrote:
Although teh idea of overthrowing the capitalist with my fellow proletarians is pretty sexy XD

Gotta love that economic meltdown :D
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
Hayd
Posts: 4,022
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7/27/2016 6:36:28 PM
Posted: 4 months ago
At 7/27/2016 6:34:35 PM, bballcrook21 wrote:
At 7/27/2016 6:14:16 PM, Hayd wrote:
At 7/27/2016 6:10:18 PM, bballcrook21 wrote:
At 7/27/2016 5:55:26 PM, Hayd wrote:
At 7/27/2016 5:46:55 PM, bballcrook21 wrote:
At 7/27/2016 5:46:09 PM, Hayd wrote:
At 7/27/2016 5:44:28 PM, bballcrook21 wrote:
At 7/26/2016 10:14:30 PM, Hayd wrote:
Rise up with be proletarians!!

Don't go full commie plz.

I already passed it way back. And theres no going back. The river rapids of freedom are carrying me by, and its too powerful to go back!!!!!!!!

>Freedom
>Communism

Pick one lol

Doesn't really have to do with freedom. And I don't support communism, I support socialism. Having a physical revolution establishes too much nationalism which doesn't lead to good places. The state should be established by the state

They're practically the same, and equally as horrendous (to any economist, at least.)

The only difference is in which way to achieve the state. So they are the same in the state, just different ways of achieving it.

No, that's not the case. Marxists/Communists believe in the absence of a state, but as we've seen, the practical existence of the ideology always results in a large state, as people are never enticed into giving up the entirety of their property/wealth for no reason.

I was referring to a state in which the means of production are shared equally among the workers, etc.

Besides I'm pretty sure communists believe in the existence of a state, or else they would be anarcho-communists or whatever