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Is the Federal Reserve the biggest scam of all time?

tncdel 2012/06/12 19:23:13
Related Topics: Federal Reserve, Beck
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  • Katfish 2012/06/12 22:24:20
    YES [tell us why you think so].
    Katfish
    +10
    Not Federal and have no "Reserve" what they use for reserve is created out of nothing.

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  • 2012/09/22 10:33:07
    YES [tell us why you think so].
    I personally belive congress should abolish the Federal Reserve.

    This is due to the fact they, congress have a ministerial duty to protect all citizen taxpayers from fraud.


    The following is something one might find interesting, it pertains to congress and their loyalties to the Banking Cartel known as the Federal Reserve instead of us the people. “The citizen taxpayers”


    The misappropriation of public funds “taxpayer monies” is considered to be fraud.

    In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation.

    The American Recovery and Reinvestment Act of 2009, abbreviated ARRA (Pub.L. 111-5) commonly referred to as the Stimulus or The Recovery Act” was not as successful in dealing with this nation’s eroding economy as originally intended.

    The reason why it was not as successful in dealing with this nation’s eroding economy as originally intended is due to the fact that the Federal Reserve and the U.S. Treasury acted in concert to create what is known as the Term Asset-Backed Securities Loan Facility (TALF) program in order to deceive and defraud the taxpayers.

    In April 20...






    I personally belive congress should abolish the Federal Reserve.

    This is due to the fact they, congress have a ministerial duty to protect all citizen taxpayers from fraud.


    The following is something one might find interesting, it pertains to congress and their loyalties to the Banking Cartel known as the Federal Reserve instead of us the people. “The citizen taxpayers”


    The misappropriation of public funds “taxpayer monies” is considered to be fraud.

    In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation.

    The American Recovery and Reinvestment Act of 2009, abbreviated ARRA (Pub.L. 111-5) commonly referred to as the Stimulus or The Recovery Act” was not as successful in dealing with this nation’s eroding economy as originally intended.

    The reason why it was not as successful in dealing with this nation’s eroding economy as originally intended is due to the fact that the Federal Reserve and the U.S. Treasury acted in concert to create what is known as the Term Asset-Backed Securities Loan Facility (TALF) program in order to deceive and defraud the taxpayers.

    In April 2009, Congress passed legislation that included an amendment telling the Fed to reveal the names of the banks and other institutions that received $2.3 trillion in taxpayer-backed bailout loans and other financial assistance.[14] Limited information on 21,000 transactions made by the Fed between December 1, 2007 and July 21, 2010 was released on December 1, 2010[15] and is now being examined by Senate and House staffers. In the history of the Fed, this is the first time it has opened its books to Congress.[7] Bailout aid was sent to banks in Mexico, Bahrain and Bavaria, billions of dollars were sent to several Japanese automobile companies, Citigroup and Morgan Stanley each received $2 trillion in loans and billions were sent to millionaires and billionaires with addresses in the Cayman Islands.[7] Said Warren Gunnels, an aide to Senator Bernie Sanders, sponsor of the amendment calling for Fed transparency,[14] "Our jaws are literally dropping as we're reading this." Gummels said each one of the transactions was "outrageous".[7]

    When Congress became aware of the fact (on December 1, 2010) that the Federal Reserves misused the taxpayer-backed bailout loans and other financial assistance (stimulus funds etc) they received from the government and did not report it to the proper authorities, they congress, became coconspirators with the Federal Reserve and/or the U.S. Treasury who acted in concert in order to create the fraudulent loan program known as the “Term Asset-Backed Securities Loan Facility (TALF)."


    This is due to the fact by their silence pertaining to the creation of said fraudulent loan program they, congress, actually gave the Federal Reserve their blessing when it comes to the misappropriation of public funds “the taxpayers monies” In other words congress by their silence did nothing to protect the taxpayers from fraud.

    Note: (TALF) was created to help market participants meet the credit needs of households and small businesses and not for the purpose of helping millionaires and billionaires with addresses in the Cayman Islands.
    (more)
  • Red 2012/06/24 03:24:53
  • dragon88 2012/06/20 00:22:14
    YES [tell us why you think so].
    dragon88
    Lets not forget about the education system in this country being a big scam as well as the military Industrial complex.
  • edward mooney 2012/06/17 20:26:38
    YES [tell us why you think so].
    edward mooney
    The premillennial position is Christ will return the saints will be resurrected, then after 1000 years of earthly rule the final judgment will occur and the wicked will be judged.
    Revelations is just the beginning as far as Christ is concerned. We have yet to begin what Christ wanted us to do 7,000 years ago.

    This world all that the Bible contains and millions of books telling what God can and did do unknown today (read end of the Gospel of John) is but a short detour in God perfect will for mankind.

    Everything in the Quran repeats the teachings of Christ which is covered in simple form Love the Lord thy God with your whole heart, mind and soul and your neighbor as yourself.” Heaven at all times is but a thought away.

    Christ doesn't stop anyone coming into his presence however unless that being has the internal structure able to with stand God's Glory will crushed long before seeing his face.

    " Shirk can also encompass any object that a person may hold in regard higher than God." Christ's way: He answereth and saith unto them, 'He that hath two coats, let him impart to him that hath none; and he that hath meat, let him do likewise'.

    Then came also publicans to be baptized, and said unto him, Master, what shall we do? And he said unto them, 'Exact no more than that wh...













































    The premillennial position is Christ will return the saints will be resurrected, then after 1000 years of earthly rule the final judgment will occur and the wicked will be judged.
    Revelations is just the beginning as far as Christ is concerned. We have yet to begin what Christ wanted us to do 7,000 years ago.

    This world all that the Bible contains and millions of books telling what God can and did do unknown today (read end of the Gospel of John) is but a short detour in God perfect will for mankind.

    Everything in the Quran repeats the teachings of Christ which is covered in simple form Love the Lord thy God with your whole heart, mind and soul and your neighbor as yourself.” Heaven at all times is but a thought away.

    Christ doesn't stop anyone coming into his presence however unless that being has the internal structure able to with stand God's Glory will crushed long before seeing his face.

    " Shirk can also encompass any object that a person may hold in regard higher than God." Christ's way: He answereth and saith unto them, 'He that hath two coats, let him impart to him that hath none; and he that hath meat, let him do likewise'.

    Then came also publicans to be baptized, and said unto him, Master, what shall we do? And he said unto them, 'Exact no more than that which is appointed you.'

    And the soldiers likewise demanded of him, saying, And what shall we do? And he said unto them, 'Do violence to no man, neither accuse any falsely; and be content with your wages.'

    Submission is about God and our surrender to His will (2:208), and our acceptance of His message through all the messengers He has sent down to us.

    The purpose of the Quran is to support previous scripture (2:41, 89,91,97, 144-146), to clarify that which has been altered or forgotten over the centuries (5:48), to repeat to us exactly what is required for our salvation (5:69), and to clearly distinguish between the way to Heaven and the way to Hell (39:23).

    The majority of Muslims today will tell you that you cannot follow Islam by following only the Quran.

    In Native American traditions almost all tribes in the west are known as the “people” the Inuit in Alaska call themselves the “real people”.

    They have a common spiritual concept they pray to the “point” to which I pray. The “Unknown God” altar Paul preached Christ from. God is one half of every man until life is gone then the judgment.

    For a very few they are judged while still alive to do a special task or assignment. Domination in spiritual groups is pride.

    Almost all groups will struggle over matters of money property power or prestige.

    True spirituality does not need these things. In Arabic when you meet someone you say God bless and when you part swa’hile this is hello and goodby.

    I was taken through the Jewish faith by God in my first steps. Did you know that Israel is the oldest enemy to King David’s Kingdom of Judah and God promised to destroy Israel in 922 BC and save only the Kingdom of Judah.

    ISRAEL was cursed by God for loving money as more important than God or his law. Yes God is everywhere what really hurts is the mass murder being done in the name of God for money with paid religionist on every side encouraging it.

    In Islam writing the prophet said three to enter the hell fire

    first, the preacher who did the almost hidden shirk lifting himself up,

    second the teacher who did it for fame,

    third the martyr who died in hatred.

    I am sick of Nazi cheerleaders but I am no where nearly as angry about it as God.

    Only the Paid religionist teaches about a war without losses when they tickle the ears of those who send them money. I tell the truth with a treasure chest of the collected wealth of God for 1650 years times seven.

    The people who look at it understand its real, truthfully comes from the Holy of Holies, Bible is true the Christ of Yahweh has nothing to do with the misbegotten bastardized traditional Christian church of today.

    Roman whore more evil then the rest of the traditional Christians who don’t even realize they are exactly the same as the Pope in the eyes of God because of Constantine corrupting the ancient church.

    The demons still rob them of it by lies told everyday 1000 times press radio ; TV, telling this deceived class of believers that they shall be the inheritors of the wealth of the world when it is their wealth to be given away. Nothing could be fairer.

    The Jewish Sanhedrin nailed the Christ to a tree for the gold of the altar; God told the Jewish people no usury!!! Give back the land to the original families every 49 years and all will be well in Israel.

    Sanhedrin liked the interest on Money and because God gave them no land but just a temple they used Usury to control the entire earth after God destroyed Israel for their sins the second time.

    NOW this same Sanhedrin controls Washington using the Federal Reserve System. I am telling everyone here that the Earth and its wealth belongs to God and the debt the governments of the earth, the whore of Rome, Israel, false Church, Scriptural Church which was deceived by Lucifer, is owed to the Rod of Iron.
    (more)
  • rcardon 2012/06/15 23:06:41
    YES [tell us why you think so].
    rcardon
    It's a private organization, nothing federal about it, and they get to decide what national interest rates are, how much money we have in circulation, effectively, it's value, and all of that, with no real regulation from the actual government, other than backing and requests.
  • mind-pilot 2012/06/14 17:37:20
    YES [tell us why you think so].
    mind-pilot
    I was told years ago, "if you want something corrupted, give it to a Yankee". The FR probably had a good reason to start, to help regulate the notorius banking practices of the early 1900's but, as all good things in America, it has been corrupted. Now, it's owned by some 9 foreign banks and owned by some of the oldest families ie: Rothchilds, Rockefellers and more and has since been corrupted over time. Names like "the Illuminade, The Mafia, The Tri-lateral Commission(all of those so-called mythical organizations that always seem to use propaganda to hide their covetous ways) " always come up where governments have been overtaken from within. Now it's just another problem facing the republican party and America. The last one to try to correct it's ownership was John Kennedy and his head was blown-off. It kind of let's us know America is owned and not free.
  • mind-pilot mind-pilot 2012/06/14 17:46:27
    mind-pilot
    For "scams" I think the biggest this country has seen has been the "bank bailout/insurance bailout" of 2008( a parting heist). A two-trillion dollar war(s) for no reason.No payback policy. A 3 page outline. No accounting. Strictly a scam, a scare-job, a bank robbery that included public approval. And it's wheels are still in place to rob social security. It's an inside job, assisted by foreign banks and Citizens United. Which means, our Supreme Court is directly involved. It's not curious. It's obvious.
  • FPSRules 2012/06/14 02:33:36
    YES [tell us why you think so].
    FPSRules
    +1
    Apparently, as they can manipulate our money supply and print-up "funny money" anytime they desire.
    Ron Paul is the expert on the "Fed" as I see it; he has been trying to expose those thieves for decades. Perhaps it's time to listen....and act by ridding ourselves of this parasitic agency.
  • john Kills 2012/06/13 23:45:07
    YES [tell us why you think so].
    john Kills
    +1
    and the american people should run everyone out and blow up the building. only congress can make/issue money according to the constitution
  • BlueRepublican 2012/06/13 21:50:11
    YES [tell us why you think so].
    BlueRepublican
    +1
    Even if I didn't know anything about the FED, and I only went by their congressional duties of keeping unemployment low, maintaing stable prices and responsibly moderating interest rates, then I would END THE FED.
    Real unemployment is double-digits, prices have soared, lack of moderation of the interest rates has devalued the currency, etc...
    Audit the FED and you find TRILLIONS of fiat paper going to bailout foreign banks and corporate welfare queens on Wall Street.

    Imagine what we don't know.
  • the Coz Man !!! 2012/06/13 21:43:37
    NO [explain why you think not].
    the Coz Man !!!
    Just think we as a country need to Budget a whole lot better !!!!!!!!!!!!!!!!!
  • Striker 2012/06/13 18:09:31
    YES [tell us why you think so].
    Striker
    Well there are actually many which would qualify for "biggest scam". Normally it doesn't take a century to fix them, but here we are! Congress would not know what to DO without it's partner-in-crime. Ron Paul and many others before him have been struggling with this since 1913.
  • strange_armour 2012/06/13 17:50:30
    NO [explain why you think not].
    strange_armour
    Religion beats Fed and has a few thousand years head start.
  • mind-pilot strange... 2012/06/14 17:47:58
    mind-pilot
    There's a lot of truth in your statement. And you can't do nothin' about either of them. The jokes on us.
  • Mike 2012/06/13 14:12:10
    YES [tell us why you think so].
    Mike
    +1
    it is a private interest that has total immunity form the law, cannot be audited and its primary share holders do not have to be listed. that screams of corruption
  • Kuruptsoul 2012/06/13 14:05:58
    YES [tell us why you think so].
    Kuruptsoul
    +2
    That and the government
  • w2xad 2012/06/13 13:44:23
    YES [tell us why you think so].
    w2xad
    +1
    Why is it when someone wants to buy or fix the reserve they end up dead?
  • superangrymonkey 2012/06/13 10:28:09
    YES [tell us why you think so].
    superangrymonkey
    +2
    Paper money is an abstraction. All throughout history the standard for money has always been gold or silver. Because it has a long process time from the mine until completion, it has multiple uses in other industies, and its worth can be kept track of as far out int eh future as a few decades. Governments have long tried to justify their overspending by doing things like minting coins, mixing gold with metals that aren't worth anything and so forth. With paper money its even easier to taper with the "worth" of things. This promisary note is one more means of control.
  • Country Gentleman 2012/06/13 06:45:58
    NO [explain why you think not].
    Country Gentleman
    +2
    Probably tied with Social Security.
  • A.Oscar 2012/06/13 06:23:22
    YES [tell us why you think so].
    A.Oscar
    How you know that the Federal is a scam! USA and England are the two countries in the world that having private banks, and could make money the accord of coupons the Federal presented. Like a billion and the bank keep a percentage.
  • Resp 2012/06/13 06:09:36
    YES [tell us why you think so].
    Resp
    +1
    The Federal Reserve is a private bank and not a government institution.
  • Brian ☮ R P ☮ 2012 ☮ 2012/06/13 05:40:15
    YES [tell us why you think so].
    Brian ☮ R P ☮ 2012 ☮
    +3
    Creating money from nothing, now what criminal wouldn't want a franchise on that action??
  • TuringsChild 2012/06/13 05:23:24
    NO [explain why you think not].
    TuringsChild
    +2
    It's just ONE example of the biggest scam of all time - the Banking System itself.
  • Lefty Turings... 2012/06/13 11:59:57
    Lefty
    +1
    Uh, hope you don't need to borrow.
  • Turings... Lefty 2012/06/13 15:20:05
    TuringsChild
    +1
    I don't. And haven't since I figured out what a scam the credit card system is some 25 years ago.
  • sjalan 2012/06/13 04:44:05
    YES [tell us why you think so].
    sjalan
    +2
    You really need to look at who OWNS the Federal Reserve. It isn't a government agency It is a private enterprise that makes billions off the Amercian Public.
  • Lefty sjalan 2012/06/13 12:03:05
    Lefty
    Seems to be a necessary evil.
  • sjalan Lefty 2012/06/14 04:45:52
    sjalan
    No it is NOT necessary. It can be transitioned into a real US Treasury process. The Federal Reserve is the worst and most corrupt part of our banking system.
  • Matt Forrester 2012/06/13 03:06:04
    YES [tell us why you think so].
    Matt Forrester
    +2
    The Federal Reserve is privately owned & its shareholders are private banks.
  • Lefty Matt Fo... 2012/06/14 11:47:29
    Lefty
    I hear you, but why does the president have anything to do with who is the chairman?
  • Matt Fo... Lefty 2012/06/14 13:00:08
    Matt Forrester
    +1
    "As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 14 years. Once appointed, Governors may not be removed from office for their policy opinions. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation. By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury."

    I "stole" the above from Wikipedia but you probably already knew this bit...as to "why" the Pres' does the selecting of the FR Chairman, I have no idea...I'm an Aussie!!
  • James 2012/06/13 01:08:46
    YES [tell us why you think so].
    James
    +2
    monopoly

    because monopolies aren't conducive to capitalism
  • umapathy Krishnamurthy 2012/06/13 00:53:38
    NO [explain why you think not].
    umapathy Krishnamurthy
    Because I don't know much about
  • Willy 2012/06/13 00:30:01
    YES [tell us why you think so].
    Willy
    +1
    Well it was till the usurping obama made the scene. The NOT federal reserve is illegal and unconstitutional. It is not federal at all and is privately owned by mostly foreigners. It has never been audited and has ripped off the American people for trillions of dollars. Any politician that votes against auditing it should be executed.
  • RJeffreySavlov 2012/06/12 23:51:16
    YES [tell us why you think so].
    RJeffreySavlov
    +3
    They took us off the gold standard, print money indiscriminately, and take a commission on every dollar distributed. They have been run by academics who have no understanding of money or business and will not stand up for what is required to reduce the debt . All they have ever done is devalue the dollar on the world stage and create inflation.
  • Striker RJeffre... 2012/06/13 18:17:28
    Striker
    True in a way, but all which you mention was actually done by GOVERNment.

    When one day finally the free market takes over with Secured Currency, TheFed with it's fiat dollars will wipe out virtually overnight.
  • TheCouchF*cker 2012/06/12 23:28:47
    NO [explain why you think not].
    TheCouchF*cker
    +3
    Government is.
  • Nameless 2012/06/12 23:25:10
    NO [explain why you think not].
    Nameless
    +1
    I think religion is the biggest scam of all time.
  • mac9 Nameless 2012/06/13 00:45:09
    mac9
    +1
    That is what you think in the piss poor Obama economy? Get a clue!
  • ♒ßεllεchεvεllε®♒ 2012/06/12 23:12:20
    NO [explain why you think not].
    ♒ßεllεchεvεllε®♒
    +1
    Definitely in the top 5, though.

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