I do however believe we have a right to defend our nation and it citizens from economic and militaristic or terrorist threats near or within our borders not three thousand miles away.
It favors the too big to fail over the American people and i think our nations banking institutions should always be in ALL the american peoples best interest not just Big everything.
Except it isn't. There are only 3 things that the Federal Reserve actively does, and then several different things they assist with.
The 3 major components of the Federal Reserve are:
1) Loan money to banks.
2) Retire old/damaged currency.
3) Regulate the amount of currency out in circulation.
I know that those 3 concepts are beyond you, but those are the 3 main items they deal with.
Haven't you figured it out yet? Notice that none of those items show what you think that they do? Care to prove me wrong? Yeah, didn't think so.
It is not in the American peoples best interest as it devalues our national currency and artificially causes booms and busts.
Seriously, stop using this argument. You have been proven wrong, you will continue to be proven wrong, and you will forever
be proven wrong, as long as this is an argument of yours.
Who has more weight in knowledge of economic theories, 5 well-respected and peer-reviewed historical economic PhDs, or a pretend law student?
It put our secretary of treasury out of his original job and i wish to give him his job back like i wish to give American people more jobs rebuilding a better america all of which is possible without a federal reserve.
You have absolutely no idea what his job is. You don't even know who our current Secretary of the Treasury is, and more importantly, his credentials....
If you did, you would be pissed off.
The huge predator megabanks that now dominate the U.S. banking system use the Federal Reserve as a tool to make money all of which is out of thin air at a type of a keyboard also known as a blank check.
Wait, let's read that again:
as a tool to make money all of which is out of thin air
Yeah, congratulations. You are a certified idiot. Money does not come out of thin air, nor does it grow on trees. The Federal Reserve controls the circulation of currency, I'm sure that if you had a dollar bill on hand, you can how they can control it.
Can you figure it out, or should I hold your hand and point it out for you?
One of the ways they do this is called the U.S. Treasury carry trade.
I'm curious, what do you think "carry trade" is? I know what it is, but I'm curious as to what you think it is. You certainly didn't use it right, as you put "U.S. Treasury" in front of it.
What happens is that the Federal Reserve lends huge amounts of money to the megabanks for next to nothing, and then these megabanks use all that cash to buy U.S. government debt. This little “trick” helped enable four of the biggest U.S. banks (Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup) to have a “perfect quarter” with zero days of trading losses during the first quarter of 2010. Thats not Honest banking and its wrecking our middle class which is basically non existent.
Wait, you think
this is "carry trade"? You do not even know what these 4 banks did. Or why they did it (newsflash: Dodd-Frank
forced these banks to do it by federal regulations).
The Federal Reserve is not part of the U.S. government. The truth is that the Federal Reserve is about as “federal” as Federal Express is. In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was “not an agency” of the U.S. government and therefore it was not subject to the Freedom of Information Act. It is kind of funny how Fed officials are always talking about how important their “independence” is, but whenever anyone starts criticizing them for being private they start stressing their ties with the government.
Yeah, newsflash: The Federal Reserve is separate from the government for good reason....but I doubt you would understand it, since you want to put the Fed back to the federal government's hands.
The Federal Reserve is not accountable to anyone.
Wrong yet again. The Federal Reserve is accountable to
Congress.
I find this extremely unacceptable for the damages it has done for 102 years.
You haven't even attributed any harm created by the Fed. You have theories, which were all debunked by me, but you haven't shown any actual damages.
Any banking institution or business should be very accountable in a Honest government that represents its citizens.
It is. It's called "banking regulations."
I am for Honest government, Honest banking practices ,and Honest capitalism and i know every American would appreciate Honesty for a change.
You are the most dishonest person I know of. That is including politicians in Congress
and Obama himself. Your willful ignorance to policies, events, and facts show how you are not only dishonest, but have extreme hatred towards this country.
You never loved this country, you truly wish to destroy it.