I disagree, and my post is my cite. This gives me exactly the same factual backing as the dude you quoted in the OP has, so you can’t refute me without first going out and finding some other cite of some kind, this time with actual substance.
Is this a dare? I have already implied that I am going to close this thread if you are not forthcoming with an explanation of your use of “criminal” and if you do not provide some sort of evidence that either you or Katz have any clue what you are talking about. I do not need to monitor one more bitch-fest where nothing is defined and nothing is explained, but all the participants feel the need to throw insults around. If you want a debate, then provide the basis for it, otherwise, you can post all you want in ATMB, where I will simply point back to my posts in this thread as the explanation for my actions.
And, you have no basis and no authority to dictate who will post to a thread or what they may post, so you are already skating on thin ice for that attitude.
Ok, here is the definition of criminal enterprise. Now, can you tell us what ’ elements of an enterprise that need to be proven in order to convict individuals or groups of individuals’ would qualify the Fed as a criminal enterprise?
Also, ‘taxpayer funded bi-partisan cooperation’ is the government. I would agree that under the current system the government is ‘organized corruption’. What is your alternative? Do you want anarchy, fascism, communism, or just a different set of corrupt government agents?
Please ‘reconcile your thoughts with my thinking’.
Why on earth would I recuse myself? I don’t work for the government or any political organization, so what possible conflict of interest would I have? And if I did recuse myself for some reason, how on earth does that reflect on your honesty?
BTW, here are the Federal Reserve M1 stats (monthly) for the past few decades. I’m not sure how to post the graph, to be honest, so you’ll just have to go look at it. Basically, however, you can see the trend in M1 and it seems like a pretty smooth progression to me (currently it’s $1.7185 trillion BTW…not $1.6 trillion which according to the chart it hasn’t been since 2009). Granted, I suppose the past few presidents, administrations and Congress could be in on the deception (considering the OP, almost certainly were, at least according to him), but the data trend seems consistent. Since this data wont be accepted by the OP I’m unsure how to ‘prove’ the un-cited data in the OP’s link, so…
By the time Nixon “unilaterally” took the U.S. off the gold standard in 1971 it was pretty much only honored in the breach. Other nations, particularly France, had developed the neat trick of swapping their currencies for U.S. gold, simultaneously reducing inflation in their own countries while stripping the U.S. of its own gold reserves. Britain, in fact, had figured this out in 1931, when they abandoned the gold standard.
You are certainly welcome to post your cites of sources you believe contradict my own. HOWEVER, it is also your job to explain how they conflict and how they should mitigate my judgement of the Fed. Please continue.
I “poked” a poster.
BTW, I will address the question of “criminality” soon.
Isn’t the fact that the Federal Reserve is totally unaccountable to the American public, and totally immune from any kind of control pretty alarming in itself?
I mean, the Fed could LITERALLY, come out on Monday August 19th, and say, “We are providing 20 quadrillion dollars to Goldman Sachs. Later losers.” And BAM we’d see ungodly inflation, and the economy would belong to Goldman.
The Federal Reserve is like a MMO gamer who has found a hack to make money from thin air, except no one is watching or keeping track, and people actually approve of this crazy setup. There’s nothing stopping us from becoming Zimbabwe overnight.
The Fed is more like a game designed by Congress and played by corporations. The Fed has played a large part in turning the US Treasury into a corporate slush fund. BTW, that’s criminal, legal but criminal theft of public funds.
Since neither party actually controls it, I’m curious why you think it’s important that both parties were involved in creating it. After all, I’d say that just about everything that actually gets done in the US from it’s inception were done with bi-partisan support to one degree or another.
Space alien monkeys COULD (quite literally) fly out of my ass tomorrow, as well. The probability of them doing so is only slightly greater than the Fed losing it’s mind and doing what you are suggesting above.
But anything is possible…
And yet it’s provided a level of stability to our financial system unheard of before it’s creation…and, like the Energizer Bunny, it’s Still Going…