• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

FED is turning 100

Please, rate FED's 100 years of existence

  • 1 star

    Votes: 3 27.3%
  • 2 stars

    Votes: 1 9.1%
  • 3 stars

    Votes: 0 0.0%
  • 4 stars

    Votes: 1 9.1%
  • 5 stars

    Votes: 0 0.0%
  • Other (please explain)

    Votes: 6 54.5%

  • Total voters
    11

Canell

Banned
DP Veteran
Joined
Mar 7, 2011
Messages
3,851
Reaction score
1,170
Location
EUSSR
Gender
Male
Political Leaning
Libertarian
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? :roll:

Any birthday wishes? :rolleyes:
 
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? :roll:

Any birthday wishes? :rolleyes:

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.
 
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? :roll:

Any birthday wishes? :rolleyes:
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.
 
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.
 
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.
 
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.
 
I thought 1 star = bad. 0 qualifies as "evil" in my book. :cool:

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.
 
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.
 
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?
 
We've lost 98% of the value of the dollar in the past 100 years.
A stat that sounds devastating when one fails to acknowledge the gains in real income of well over 200 percent in the same time period.
 
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.


as of 2008 it took $21.57 to equal the value of a 1913 dollar.
 
A stat that sounds devastating when one fails to acknowledge the gains in real income of well over 200 percent in the same time period.

First, I think you're failing to understand percentages. No matter how much value the dollar loses, it can never lose more than 100% of it's value. For instance, the loss of 98% is something like a 2100% decrease (as Ernst Barkmann pointed out in 2008 $21.57 equaled the purchasing power for 1 1913 dollar). A 200% increase for wages, however, is only double.

Real wages have increased a lot more than double, but the issue is that the when the fed has an inflation target of 2-3% a year, it makes it very hard for the middle class to save. You have to get at least 2-3% return just to break even. CD's, for instance, have a negative return. The Fed prints money to inflate away the worth of the middle class, then uses that printed money to give 0% interest loans to rich bankers who turn around and loan that very same money to the middle class at 6%. For them it is free money.

The rich also have financial advisors who help them hedge against inflation, and hard assets appreciate. Make no mistake, the fed was created for the rich, by the rich.
 
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.

Says it all.

Oh, I would just add that the Fed actually is a privately owned enterprise that issues shares (privately).

So, this is a company that has the power to produce - at will - a trillion dollars out of thin air and give it to almost anyone it wishes.

And since most of it's shareholders are banks - guess where that money goes when times are tough?


The whole Fed system is absolute madness.
 
Says it all.

Oh, I would just add that the Fed actually is a privately owned enterprise that issues shares (privately).

So, this is a company that has the power to produce - at will - a trillion dollars out of thin air and give it to almost anyone it wishes.

And since most of it's shareholders are banks - guess where that money goes when times are tough?


The whole Fed system is absolute madness.

People make that argument, and on paper it might be true, but don't be mistaken, it is 100% a government institution. If you or me tried to do ANYTHING they do, absolutely anything, our asses will be thrown in jail quick as ****.

That is pretty much the definition of a government agency. They are funded by the taxpayers, and they have magical powers that the taxpayers don't have.
 
People make that argument, and on paper it might be true, but don't be mistaken, it is 100% a government institution. If you or me tried to do ANYTHING they do, absolutely anything, our asses will be thrown in jail quick as ****.

That is pretty much the definition of a government agency. They are funded by the taxpayers, and they have magical powers that the taxpayers don't have.

Yes, they are regulated by the government - and the government can take their power away any time it wants.

But my point was that the Fed actually has shares and is technically a private company that is technically controlled by the government...as opposed to an actual, bureaucratic, not-for-profit part of government...like the Department of the Treasury.
 
With a day delay...

Happy birthday to you,
Happy birthday to you,
Happy birthday, dear FED,
Happy birthday, drop dead!


I got the rhyme on this one, alright. :mrgreen:
 
Back
Top Bottom