View Poll Results: Please, rate FED's 100 years of existence

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Thread: FED is turning 100

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    FED is turning 100

    Just in a few days the FED will celebrate it's 100-th anniversary.

    So, what has the FED brought to the U.S.A. and the world during those 100 years?

    Any birthday wishes?

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    Re: FED is turning 100

    Quote Originally Posted by Canell View Post
    Just in a few days the FED will celebrate it's 100-th anniversary.

    So, what has the FED brought to the U.S.A. and the world during those 100 years?

    Any birthday wishes?
    What the hell man? No "zero stars"?

    We've lost 98% of the value of the dollar in the past 100 years. The fed is a vehicle to give the rich near zero interest loans and push the cost of those loans on to the American people. It was created for the rich, by the rich, and it has fulfilled its purpose very well. It is easily the most destructive part of our government.
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

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    Re: FED is turning 100

    Quote Originally Posted by RabidAlpaca View Post
    What the hell man? No "zero stars"?
    I thought 1 star = bad. 0 qualifies as "evil" in my book.

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    Re: FED is turning 100

    Quote Originally Posted by Canell View Post
    Just in a few days the FED will celebrate it's 100-th anniversary.

    So, what has the FED brought to the U.S.A. and the world during those 100 years?

    Any birthday wishes?
    I would have to say 1913 was a very bad year for the prospects of the US staying more nearly as it was originally intended. The Fed was established, which, in my opinion, in time to contract the money supply when it needed, was supposed, to be the lender of last resort... which helped put and keep us in a depression that turned into a Great Depression...then you had the 16th Amendment, the Income Tax, which allowed for an US involvement in WW1, which led to the inevitability of a WW2... and need I say more about a tax on the incomes of the productive that helps set the stage for all the social spending that has gotten out of control? And then the 17th Amendment, which upset the delicate balance between the states and the Federal Government allowing the direct election of Senators rather than control of the Senators by their state legislators... which would keep them far closer to state business than the free ranging senators we have today... another messing with Federalism. All this by the "progressives". We have gotten progressively more dumbed down, progressively deeper in debt, progressively more involved in other people's business... and they keep hits coming year after year... 100 of them now...


    Unlucky 13...1913. Thank you Progressives!!! Not.
    "...But resist we much, we must and we will much, about that be committed..." --- the right Reverend Alfred Charles "Al" Shaprton, Jr.

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    Re: FED is turning 100

    Quote Originally Posted by RabidAlpaca View Post
    We've lost 98% of the value of the dollar in the past 100 years.
    Hey that is better than the 40% Bitcoin lost yesterday.... after Bitcoin is the anti-Fed (national bank) wet dream of the wacko right.

    It was created for the rich, by the rich, and it has fulfilled its purpose very well.
    Well duh... that is the American way and always has been.

    It is easily the most destructive part of our government.
    Technically it aint part of government.. it is a private institution.
    PeteEU

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    Re: FED is turning 100

    Quote Originally Posted by PeteEU View Post
    Hey that is better than the 40% Bitcoin lost yesterday.... after Bitcoin is the anti-Fed (national bank) wet dream of the wacko right.



    Well duh... that is the American way and always has been.



    Technically it aint part of government.. it is a private institution.
    First, bitcoin is a baby currency with low liquidity, it's going to have swings. However, even inspite of last week it is up thousands of percent since its inception, ie: the exact opposite of the dollar.

    Second, you are a special brand of hypocrite that cries about rich greed all over this forum but still supports the fed despite knowing it was designed to purely benefit the rich.

    Lastly, it is only private on paper. In reality it is every bit as much a government organization as anything else. It is regularly subjected to congressional hearings, and if I did ANYTHING the Fed does, my ass would be in jail fast enough to make my head spin.
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

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    Re: FED is turning 100

    Quote Originally Posted by RabidAlpaca View Post
    First, bitcoin is a baby currency with low liquidity, it's going to have swings. However, even inspite of last week it is up thousands of percent since its inception, ie: the exact opposite of the dollar.
    And that is exactly what the anti-Fed people want. They want the gold standard back (well some) and that will have just as wild swings because of the limited access to gold.

    Second, you are a special brand of hypocrite that cries about rich greed all over this forum but still supports the fed despite knowing it was designed to purely benefit the rich.
    Where the hell did I ever state I support the Fed? I support independent national banks like we have in most European countries, I certainly do not support the Fed model in any way.

    Lastly, it is only private on paper. In reality it is every bit as much a government organization as anything else. It is regularly subjected to congressional hearings, and if I did ANYTHING the Fed does, my ass would be in jail fast enough to make my head spin.
    As you said, it is private on paper. The whole structure of the Fed is built to keep the corruption of the rich going, and since government is also run in large part by the rich, then it is two sides of the same thing. The Fed is no where near as independent as most of the European national banks, before and after the Euro.
    PeteEU

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    Re: FED is turning 100

    Quote Originally Posted by Canell View Post
    I thought 1 star = bad. 0 qualifies as "evil" in my book.
    And that is exactly why I would have included a zero. The 1-5 could only be banker's measure. From the point of view of the "taxed," misinformed, misused, manipulated, deluded, and oppressed citizens, it is very good for 1/10th of the 1%. As a matter of fact, the FED is a revolving door agency of those same uber wealthy elite and banksters who will likely be known as management of the New World Order.

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    Re: FED is turning 100

    Quote Originally Posted by PeteEU View Post
    And that is exactly what the anti-Fed people want. They want the gold standard back (well some) and that will have just as wild swings because of the limited access to gold.



    Where the hell did I ever state I support the Fed? I support independent national banks like we have in most European countries, I certainly do not support the Fed model in any way.



    As you said, it is private on paper. The whole structure of the Fed is built to keep the corruption of the rich going, and since government is also run in large part by the rich, then it is two sides of the same thing. The Fed is no where near as independent as most of the European national banks, before and after the Euro.
    The practical difference between the Fed and 'independent national banks like in Europe' are miniscule.

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    Re: FED is turning 100

    Come on. There must be someone here loving the fed.

    Wouldn't life be boring if our money wasn't constantly shrinking in value?
    How else would the government fund unnecessary wars?

    Okay... my argument for the FED sucks. I have to know there is someone out there supporting them. What's the 5 star fed argument?

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