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Federal Reserve
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Sheriff
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 posted 11/25/2004 7:30:07 PM
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Did you know that in USA Federal Reserve Banks are neither Federal (they are private corporations) no Reserve (they only hold a fraction of reserves)?
You will get a kick out of this conversation:
Who Really Owns Federal Reserve
The original Stock-holders of the Federal Reserve Banks in 1913 were the Rockefeller's, J.P. Morgan, Rothschild's, Lazard Freres, Schoellkopf, Kuhn-Loeb, Warburgs, Lehman Brothers and Goldman Sachs.
[Message edited by Sheriff on 11/25/2004 7:35:39 PM]
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dan123
3184 posts
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posted 11/25/2004 9:41:32 PM
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What is wrong with that? Government has a budget - income and expance. And should not have any profit. So the ballance should be $0 ideally.
Government has other ways to control the money of the country.
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Sheriff
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posted 11/25/2004 10:31:51 PM
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What's wrong with the picture? I'll explain:
1) The fact that money printing is dedicated to a private corporation. Not only this is a subject to abuse, but it is also unconstitutional.
2) The fact that all physical money only accounts to a small fraction of the debt, and the way the system is set up we will never - mathematically - be able to repay national debt.
3) I repeat #1 - the fact that money printing is controlled by a group of private families and their banks. This allows them to bail out stock market when there's a quick fall, to bail out their own banks from questionable enterprises with taxpayer money - should I mention $18Bln on peso devaluation in Mexico, Argentina default, $20Bln on South Korea bailout, $30Bln bail of Citibank and JP Morgan in Brasil, and many, many more.
Government has the right to control money it receives in taxes. It does not have the right to pass printing press to private corporations.
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Sheriff
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posted 11/25/2004 10:38:45 PM
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There's another monster that this stuff is feeding, it's called International Monetary Fund (IMF).
"Overall the IMF success record is limited. While it was created to help stabilize the global economy, since 1980 over 100 countries have experienced a banking collapse that reduced GDP by 4% or more."
Wikipedia: IMF
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dan123
3184 posts
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posted 11/25/2004 10:44:45 PM
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Let's face it, dollar is the most stable currency, does not that mean, that the government is doing the right thing?
Show me another country, which was more sucsessfull.
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dan123
3184 posts
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posted 11/25/2004 10:47:59 PM
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Let me remind you, that money is something fisical to only one animal on the planet.
Countries, which had it under total government control failed big time. Very good example - USSR.
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dan123
3184 posts
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posted 11/25/2004 11:28:23 PM
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Не понимаю, Шериф, зачем ты агитируешь за СССР, вроде сам сбежал оттуда. Или хочешь опять куда-нибудь сбежать?
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Sheriff
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posted 11/26/2004 12:49:29 PM
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1. Dollar is not the most stable currency, Euro is.
2. US is not the best country to live in. And haven't been in a few years.
United Nations raiting of best countries in the world
I am not saying there's a perfect country out there. US is a great country. But my point is that I want to make it better. And the way to make it better is to have someone make sure government is not falling into USSR trap i.e. control on everything. And that is where US is headed IMHO.
If a country says "we have a constitution we live by" then it should do so and not be a hypocrite. For instance, it is against constitution to let a private corporation control money printing.
[Message edited by Sheriff on 11/26/2004 12:59:22 PM]
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Sheriff
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posted 11/26/2004 1:07:32 PM
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I want to own shares of Federal Reserve Bank. 
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dan123
3184 posts
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posted 11/26/2004 1:31:31 PM
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1. How is Euro the most stable currency, if it is only 5 years old?
2. About best countries to live in - I do not think it is fare to compare country with 300,000,000 people to a country with 3,500,000 people.
And the way to make it better is to have someone make sure government is not falling into USSR trap i.e. control on everything. And that is where US is headed IMHO.
By this statement you are saying, that the tax cut was a good idea.
[Message edited by dan123 on 11/26/2004 1:32:36 PM]
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Sheriff
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posted 11/26/2004 2:00:15 PM
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1. Europe already dumped US$. Russia is dumping them now. Next will be China. Look ahead, not behind. If you can't make other countries like your currency, you can't make it "the most stable".
2. Agree, it is not fare to compare countries of different sizes. Let's meet in 20 years, when China will have a larger Growth Domestic Product output than US, then we'll talk. Again, the trend for US is not up, it is down, and this is alarming as I live here too.
3. Let's not bring tax "cut" discussion here. You can call it whatever you want, but if I pay overall more taxes to the government this year than last, how is it a tax cut? It is a game of words, just like "life insurance" is in fact "death insurance". I don't know if you lived in US long enough to hear this saying, but "if it walks like a duck, and quacks like a duck - it is a duck".
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dan123
3184 posts
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posted 11/26/2004 2:48:23 PM
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1. Europe always used its own currency, except they had too many of different ones. This burst of Euro is temporary and will end soon. Euro was introduced at a rate of $1.15 per Euro, so now with $1.30 per euro it is 11% higher, than it was planned. And it will go back down.
2. I did not quite understand about China. Do you think, that in 20 years it will be the best place to live?
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Sheriff
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posted 11/29/2004 12:31:54 PM
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 I'd be much more inclined to think that it will be $1.50 per Euro soon.
About China. It won't be the best place to live, but it will very soon be the meanest leanest economy in the world. And in 20-30 years, it may (and probably will) surpass US and will be producing the most goods in the world (see, you can't just double the economy of such scale overnight, and yet when you push it into right direction - which has been done - it will be really hard to stop).
Back to Federal Reserve - China also holds a lot of US bills, and also $1.1 trillion in US Treasury Bonds. You may find this article from Asian Times interesting:
http://www.atimes.com/atimes/Global_Economy/FJ14Dj01.html
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dan123
3184 posts
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posted 12/5/2004 7:49:31 PM
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I do not know, why can't you see, that this is the new policy of FRC. All countries, including China are loosing money right now. It is the best time to buy US bonds, and guess what, US is buying them back right now, while we are debating. And will sell them back later at a higher price. I do not know, why obvious things are so difficult to see!
China will not get close to the US, not in my lifetime anyways.
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Sheriff
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posted 7/1/2005 8:26:41 PM
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When China and India's GDP will exceed that of today's wealthy nations:
http://www.dni.gov/nic/NIC_globaltrend2020.html
Saw this answer that you posted, hope you will find this info from CIA credible website. They estimate, that China's GDP will surpass US around year 2045.
[Message edited by Sheriff on 11/9/2007 10:59:26 AM]
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Sheriff
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posted 3/19/2008 11:04:02 AM
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I want to bring up this thread in lieu of some interesting new information. Here's an excellent chart:
http://land.netonecom.net/tlp/ref/federal_reserve.shtml
What we have is the following properties controlling Federal Reserve System of the World:
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Lehman Brothers of New York
Kuhn Loeb Bank of New York
Goldman, Sachs of New York
Chase Manhattan Bank of New York (owned by JP Morgan)
JP Morgan Companies and Banks
Citigroup (Rockefeller)
1 other rising star is:
Bank of America (VISA, Mastercard) (? this I am not sure)
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