Carlin got it right; Lumpkin not so much. We have far more serious problems than the Federal Reserve, many, many more serious problems. That old canard is just something to distract us from who our real enemies are, and they're a lot more formidable than Ben Bernanke.

If we have more serious problems than the fed and the banks robbing us blind, ya, the gulf is all fucked up now, but we need jobs and a good economy. By allowing profiteers to control the money supply in the world is just telling them to fuck us in the ass. Sure , I'll wreck your economy and buy your house for pennys on the dollar! sounds like a good plan to me. Oh, and who are our real enemies anyway, Nafghanistan?

The fed is responsible for our so called national debt!

Plutocracy, which is a system of control of our nation by corporations and the very wealthy, is our real enemy, not some imagined, convoluted conspiracy to control the world's money supply. Why do they need to control the world's money supply to exert control when there are far simpler, more immediately effective ways to do so? Corporo-fascists are now pulling the levers of our government and they've largely ceased even trying to bother hiding it, our votes are meaningless, the middle class is melting away and the working class are being reduced to serfdom, there is a massive redistribution of wealth upward such that the gap between the haves and the have nots is worse than at any time since 1929, the legislative, executive and judicial branches are whores for sale to the highest bidder, and every major decision taken by the US government is taken with the interests of corporations in mind. These things bother me way more than the Federal Reserve ever could.

its time for the late late show, with my favorite host , Gay Craig.

they are all in the same club Brother, brother. Brother, brother.
Brothers courtesy of Hulk Hogan!

Hulk knows who they are!

The testicles are behind the hand sanitizer!

agreed!

Crashing the currency is a very effective way to ruin economies, and the fed did exist in 1929, I believe.

Testicle sanitizer?

Facts: Yes, the Federal Reserve banks are privately owned, but they are controlled by the publically-appointed Board of Governors. The Federal Reserve banks merely execute the monetary policy choices made by the Board. In addition, nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed.

Facts: No foreigners own any part of the Fed. Each Federal Reserve bank is owned exclusively by the participating commercial banks and S&Ls operating within the Federal Reserve bank's district. Individuals and non-bank firms, be they foreign or domestic, are not permitted by law to own any shares of a Federal Reserve bank. Moreover, monetary policy is controlled by the publically-appointed Board of Governors, not by the Federal Reserve banks.

Fact: Independent accounting firms conduct full financial audits of the Federal Reserve banks and the Board of Governors every year. The Fed is also subject to certain types of audits from the Government Accounting Office.

Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.

Facts: The Federal Reserve banks have only a small share of the total national debt (about 7%). Therefore, only a small share of the interest on the debt goes to the Fed. Regardless, the Fed rebates that interest to the Treasury every year, so the debt held by the Fed carries no net interest obligation for the government. In addition, it is Congress, not the Federal Reserve, who is responsible for the federal budget and the national debt.




from:

http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html

comment

What part of the public appoints the board of governors?

Check out secrets of oz on youtube. Its on the web, so it must be true!

I learn something everyday here.
Between the videos and nana's comments. Wow.
But its too early and my brain ain't has enough coffee to knock it into gear yet John.
But personally I think that dream turned into a living nightmare for too many folks.....

More coffee! The Board of Governors is appointed by the president of the United States and confirmed by the Senate. Of course, they're required to be members in good standing of the Order of the Illuminati. ( I made that last part up. See how easy it is to make stuff up? It's what conspiracy theorists do all day long, along with creating false syllogisms, disregarding logic, and ignoring any data which doesn't fit into their theorizing)

Obama and the senate are in good standing with the illuminati, how good of you to notice.
As for ignoring "facts", reason, ect....all I have to say is: If it's on tv, it must be true, if it's on the web, it must be true, if its in the newspaper, it must be true!!!!
I think we are all a little guilty of believing what we want to believe!

P.S..........Put that canard in yo bunghole!

P.S..........Put that canard in yo bunghole!

http://www.petitiononline.com/fedres/petition.html

Testicle sanitizer?