Fed Refuses to Disclose Recipients of $2 Trillion

[stevensj2]

http://www.bloomberg.com/apps/news?p...d=apx7XNLnZZlc

Dec. 12 (Bloomberg) -- The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

I usually don't post in politics threads, let alone create them. But this cannot go ignored. Americans have the right to know where their money is going.

[el_zorro]

It has been a couple of months since I commented on the bailouts, etc. I have been against all of them, period. The bank bailout was opposed by 90% of Americans, yet it passed. The "credit" crisis and the ensueing panic reminds me of some of the conspiracy theories that I used to read about in grad school. The idea is that almost every financial crisis is engineered by the "insiders" who stand to benefit from it and use the government and politicians to manipulate the taxpayers and use the federal debt to shackle the masses and steal their wealth. I don't buy into all of these theories but with everything that is happening around us, it makes sense to me that what is happening is more than an accident or due to subprime mortgages.

Many of the things that have happened in the last few months have more than raised an eyebrow. This Fed refusal should make all Americans (all political views) furious. It's not difficult to speculate on who these banks are JPM Chase, probably lots and lots of foreign banks. We have lost control of our government and it will be an uphill battle to regain control.

What does everyone else think?

I haven't read all of this thread but here is an link that outlines this type of conspiracy. I don't believe all of these and many of them go overboard but you have to think these days.

http://www.undergroundpolitics.com/i...cy_theory.html

[JarheadSgt]

The "Fed" is an organisation created for the elite and is out of control. It is time we re-take control of our Government as is spelled out in our Constitution as our responsibilty. It's about to get worse. You voted for it so embrace Socialism - the very thing we fought to avoid over 200 years ago.

[Roman414]

The Federal Reserve is not a government agency, it is a consortium of private bankers. As such, I don't know if they have any legal obligation to disclose details of their operations. If you have concerns, I guess your Congressman would be your best bet, If anyone has any oversight authority, I think it would be Congress.

[DunEdinRanger]

And we were this close to having Senator Ouch... Coincidence?

[MR.BurmaShave]

They wanted a free-market without checks and balances...well they got one!

[toucanlamp]

The "Fed" is an organisation created for the elite and is out of control. It is time we re-take control of our Government as is spelled out in our Constitution as our responsibilty. It's about to get worse. You voted for it so embrace Socialism - the very thing we fought to avoid over 200 years ago.

Does anyone have a choice though really? The Republicans are as socialist as the Democrats, they just pick homeland security and military spending over infrastructure or health care or whatever.

[gugi]

The "Fed" is an organisation created for the elite and is out of control. It is time we re-take control of our Government as is spelled out in our Constitution as our responsibilty. It's about to get worse. You voted for it so embrace Socialism - the very thing we fought to avoid over 200 years ago.

It would be good if you can provide a rational argument, instead of just throwing around labels. I am not scared by somebody calling something whatever they feel is the scariest name.

Anyways, representative democracy and all, that looks to me not quite dissimilar to a chain of command. You're not happy with the government - you do your part to improve it. Unless you believe that the political system of US is beyond repair and another civil war is a justifiable cost to fixing it. Otherwise it is just a lot of empty talking, and that in fact is a major problem with our modern society.

[Aevum]

you people saw with the first bailout, that a civil campaign actually can affect these people, but after the first try was stopped, everyone went silent, and all they did was retry and no one cared, so it passed,

untill you address the issue of lobbys, which are basicly legal bribary, and look beyond democrat and republican on your ballot, you will have basicly the same goverment, becuase while the representatives change, the lobbists stay the same,

[SRock]

untill you address the issue of lobbys, which are basicly legal bribary, and look beyond democrat and republican on your ballot, you will have basicly the same goverment, becuase while the representatives change, the lobbists stay the same,

I couldn't agree more. One of the biggest hindrances in our government is the two party system. We need more options and it should be about party lines.

[jazzman]

The Federal Reserve is not a government agency, it is a consortium of private bankers. As such, I don't know if they have any legal obligation to disclose details of their operations. If you have concerns, I guess your Congressman would be your best bet, If anyone has any oversight authority, I think it would be Congress.

The Federal Reserve, like other elements of our government, is subject to the Freedom of Information Act. Its website, which has a ".gov" address, provides specific instructions on how to make FOIA requests and obtain information. In addition, the website itself provides a great deal of information.

[professorchaos]

untill you address the issue of lobbys, which are basicly legal bribary, and look beyond democrat and republican on your ballot, you will have basicly the same goverment, becuase while the representatives change, the lobbists stay the same,

Getting rid of lobbies and lobbyists, like implementing term limits in Massachusetts, is a non-starter. I think we have an abundance of evidence that the vast majority of politicians will vote for their interests whenever they conflict with the countries best interest. So why halt the gravy train? Moreover, many sheeple are influenced by a slick ad campaign (read: too lazy to educate themselves) a politician needs contributions from lobbies to compete.

As far as disclosing recipient's of the bailout, I am hardly surprised. Washington forgot long ago that it works for us and it is our money, not theirs.

[cybrok]

Stargate program?

[ScotchDave]

The "Fed" is an organisation created for the elite and is out of control. It is time we re-take control of our Government as is spelled out in our Constitution as our responsibilty. It's about to get worse. You voted for it so embrace Socialism - the very thing we fought to avoid over 200 years ago.

Socialism hasn't been around 200 years, and in fact didn't even really take hold of anyone until around 110 years ago...

[fili123]

exactly, well said. Once the pressure is off, they do what is in the benefit of big business=campaign contributions. its a bad system but better than most.

[Aevum]

heres the thing,

you compain about several things, you´re against banking regulations, but when they abuse consumer confidence, create massive debt and pocket public money you scream bloody murder,

you say that the unions are killing american automakers with legacy costs like medicare or retiarment, but any attempt at proving universal basic healthcare or standartized low yield safe retierment funds is automaticly cut down by people screaming "socialism is coming, the commies are invading"

you need to have some sort of balance, you need some basic banking guidelines,
you need to understand that someone has to pay for the healthcare, either you regulare the healthcare industry to lower costs so the people can pay it on their own, provide basic state healthcare, or force the employers to pay it, and the 3rd option dosnt seem to work from past expiriance,

[JarheadSgt]

It would be good if you can provide a rational argument, instead of just throwing around labels. I am not scared by somebody calling something whatever they feel is the scariest name.

Anyways, representative democracy and all, that looks to me not quite dissimilar to a chain of command. You're not happy with the government - you do your part to improve it. Unless you believe that the political system of US is beyond repair and another civil war is a justifiable cost to fixing it. Otherwise it is just a lot of empty talking, and that in fact is a major problem with our modern society.

The rationale is is the Fed is the third central bank of the U.S. (preceded by BUS which was followed by SBUS after the 20 year charter expired and the public was tired of it's manipulation of the economy). The Fed is neither federal or a reserve. All stock is held by private commercial banks and that stock cannot be bought, sold or traded. The Fed loans the government money for it to operate and charges interest on the loan. Our taxes go the Fed to repay a loan that can't ever be fully repaid (Andrew Jackson being the only one to remove all reserves from the central bank and pay off the national debt and ended SBUS).

Our monetary system is a fraud. The information is out there - I'm not your research intern.

Do not pretend to know the degree of my participation to change the status quo.

And I shouldn't have combined two topics in one short post.

[gugi]

And I shouldn't have combined two topics in one short post.

very good, so we can ignore the socialism threat for now.

Our monetary system is a fraud. The information is out there - I'm not your research intern.

yet by any standard of reason the burden of providing even a minimal backing of statement is on the person who makes it. otherwise may be you should just go back to kindergarten and keep trying to win the "it's a fraud/no it isn't" argument there.

The rationale is is the Fed is the third central bank of the U.S. (preceded by BUS which was followed by SBUS after the 20 year charter expired and the public was tired of it's manipulation of the economy). The Fed is neither federal or a reserve. All stock is held by private commercial banks and that stock cannot be bought, sold or traded. The Fed loans the government money for it to operate and charges interest on the loan. Our taxes go the Fed to repay a loan that can't ever be fully repaid (Andrew Jackson being the only one to remove all reserves from the central bank and pay off the national debt and ended SBUS).

Again, the part without emphasis is irrelevant to any argument. Note that the Board of Governors are government appointees.

Do not pretend to know the degree of my participation to change the status quo.

I don't but, your statement

It is time we re-take control of our Government as is spelled out in our Constitution as our responsibilty.

would suggest that you elaborate on the 'means' to do so. do tell us, please, how do we take control of our government, apart from just repeating your slogan.

[fili123]

hmm a heated debate . i thinks I shoud stay out of it

[JarheadSgt]

very good, so we can ignore the socialism threat for now.

With exception of Col. House ( who was instrumental in getting the Federal Reserve Act passed). In 1911, prior to Wilson’s taking office as President, House had returned to his home in Texas and completed a book called Philip Dru, Administrator. Ostensibly a novel, it was actually a detailed plan for the future government of the United States, "which would establish Socialism as dreamed by Karl Marx", according to House. This "novel" predicted the enactment of the graduated income tax, excess profits tax, unemployment insurance, social security, and a flexible currency system. In short, it was the blueprint which was later followed by the Woodrow Wilson and Franklin D. Roosevelt administrations.

This quotation from Philip Dru, Administrator, written by Col. House in 1912, is included here to show his totalitarian Marxist philosophy. House was to become for 8 years with Wilson, the President’s closest adviser. Later he continued his influence in the Franklin D. Roosevelt administration. From his home in Magnolia, Mass., House advised FDR through frequent trips of Felix Frankfurter to the White House. Frankfurter was later appointed to the Supreme Court by F.D.R.





yet by any standard of reason the burden of providing even a minimal backing of statement is on the person who makes it. otherwise may be you should just go back to kindergarten and keep trying to win the "it's a fraud/no it isn't" argument there.

Your degradation of my intelligence is touching. I'll try to refrain from the kindergarten playground innuendos.

Col. Edward M. House, Philip Dru, Administrator, B. W. Heubsch, New York, 1912.

That'll get you get you started. Again, I'm not your research intern so you're on your own. Unless you want to point to something tangible that refutes my opinion. What part of our fractional banking practices is not fraud? I'm no Rhodes Scholar but 10:1 lending smells a little fishy to me.



Again, the part without emphasis is irrelevant to any argument. Note that the Board of Governors are government appointees.

Really?

What part of the first two central banks, their fraud and manipulation, and their subsequent demise is irrelevant?

Representative Moore of Kansas [speaking of Wilson], in commenting on the passage of the Act, said to the House of Representatives:

"The President of the United States now becomes the absolute dictator of all the finances of the country. He appoints a controlling board of seven men, all of whom belong to his political party, even though it is a minority. The Secretary of the Treasury is to rule supreme whenever there is a difference of opinion between himself and the Federal Reserve Board. AND, only one member of the Board is to pass out of office while the President is in office."

The ten year terms of office of the members of the Board were lengthened by the Banking Act of 1935 to fourteen years, which meant that these directors of the nation’s finances, although not elected by the people, held office longer than three presidents.

Having nothing to do with Congress which is absolutely unconstitutional.

Look up the Jekyll Island Club and educate yourself on how and why the Federal Reserve Act came to be.



I don't but, your statement

would suggest that you elaborate on the 'means' to do so. do tell us, please, how do we take control of our government, apart from just repeating your slogan.

My slogan? What would that be?

I'll leave you with a few more quotes from the time;

The successful enactment of House’s programs did not escape the notice of other Wilson associates. In Vol. 1, page 157 of The Intimate Papers of Col. House, House notes, "Cabinet members like Mr. Lane and Mr. Bryan commented upon the influence of Dru with the President. ‘All that the book has said should be,’ wrote Lane, ‘comes about. The President comes to ‘Philip Dru’ in the end.’"

"Our financial system is a false one and a huge burden on the people . . . This Act establishes the most gigantic trust on earth."--Congressman Charles Augustus Lindbergh, Sr.

H.W. Loucks denounced the Federal Reserve Act in The Great Conspiracy of the House of Morgan,

"In the Federal Reserve Law, they have wrested from the people and secured for themselves the constitutional power to issue money and regulate the value thereof." On page 31, Loucks writes,

"The House of Morgan is now in supreme control of our industry, commerce and political affairs. They are in complete control of the policy making of the Democratic, Republican and Progressive parties. The present extraordinary propaganda for ‘preparedness’ is planned more for home coercion than for defense against foreign aggression."

My comments are shown in bold above.

Now, unlike others, I'm always in quest of the truth, education and wisdom. Prove me wrong. However, if you want to continue to "label" the education level of my debate then we're all through here.

Regards,