Quote:
Originally Posted by Clocker
You just keep going on and on with your conspiracy theories. Show that one makes no sense and you have another "but.." to introduce another one.
The Fed is what it is. The people running it think that they know that what they are doing is right for the country. They lack adult supervision because only the Congress has that authority, and Congress is clueless about the whole issue and won't take responsibility. This is not about plots, it is about government incompetence. Only Congress can correct the problem, and they have neither the will nor the competence act.
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You are right, Congress is just as clueless as the American people when it comes to the operations of the Fed...frankly, I know very little about it myself and I think that shows...
..it is an intimidating subject because of all the technical jargon, financial instruments and entities involved...too much for people attempting to look at the subject from the outside inward and still understand anything about what really goes on while handling trillions and trillions of dollars.
It appears that at one time, 25% of the world’s gold was kept at the Fed building at 33 Liberty, New York..
..BUT I DISAGREE WITH YOU that the people running the FED think that what they are doing is right for the country...they KNOW it is a ponzi-scheme system built castle of cards that they are desperate to unwind, retool, revamp, whatever you might call it...
it simple can’t go on like this with the United States being TRILLIONS in debt and that debt growing geometrically, it is a fraudulent system because they have the ability to create money out of thin air through the Mandrake Method of fractional reserve electronic credit building...the whole system is a sham and must collapse of its own internal contradictions..
..those who get out early and convert their dollars to tangible hard assets will be much better off, than those left holding the bag AGAIN,...a colossal, cynical game of financial musical chairs...HOW CAN THAT BE GOOD FOR THE COUNTRY...?