End the Fed

reading this now. Thumbs up

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^^ GP with the love.

Its a sorry road youre heading down. Ending the fed wont work out the way most people think it would. The central bankers and their elite owners rule the planet.

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Here we go again!

www.FantasyFanBase.com

	Quote:
	The Dude: It occurs to me that by Homey winning we all lose

I refuse to tiptoe through life only to arrive safely at death.

Here you go Jtoj:

Quote:

One of the world's leading economists said Wednesday March 3rd that the very structure of the Federal Reserve system is so fraught with conflicts that it's "corrupt."

Nobel laureate Joseph Stiglitz, a former chief economist at the World Bank, said that if a country had applied for World Bank aid during his tenure, with a financial regulatory system similar to the Federal Reserve's -- in which regional Feds are partly governed by the very banks they're supposed to police -- it would have raised alarms.

"If we had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance, this is a corrupt governing structure," Stiglitz said during a conference on financial reform in New York. "It's time for us to reflect on our own structure today, and to say there are parts that can be improved."

Stiglitz made the remarks at a conference held by the Roosevelt Institute. He and other speakers, including Harvard Law Professor and federal bailout watchdog Elizabeth Warren and legendary investor George Soros, had bold ideas about reforming the nation's financial system.

After the conference, Stiglitz said that his remarks on the Fed were "maybe a little hyperbole," but then again made the case that if another country had presented a plan to reform its financial system, and included a regulatory regime that copied the makeup of the Federal Reserve system, "it would have been a big signal that something is wrong."

To Stiglitz, the core issue is that regional Fed banks, such as the New York Fed, have clear conflicts of interest -- a result of the banks being partly governed by a board of directors that includes officers of the very banks they're supposed to be overseeing.

The New York Fed, which was led by current Treasury Secretary Timothy Geithner during the time leading Wall Street firms like Citigroup, JPMorgan Chase, AIG, and Goldman Sachs were given hundreds of billions of dollars in taxpayer bailouts, presently has on its board of directors Jamie Dimon, the head of JPMorgan Chase. He's been there for three years. He replaced former Citigroup chairman Sanford "Sandy" Weill.

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Here we go again!

www.FantasyFanBase.com

	Quote:
	The Dude: It occurs to me that by Homey winning we all lose

I refuse to tiptoe through life only to arrive safely at death.

Stiglitz has become even more famous in the last year because he was one of the few economists ringing the warning bells over the last decade that our lending and regulatory practices were going to lead to trouble.

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	Quote:
	jtoj: V for Vendetta (although I didn't like it at all, it was still good) Wease: I see that you are familiar with my ex-wife's school of logic.

	Homeless wrote:
	Its a sorry road youre heading down. Ending the fed wont work out the way most people think it would. The central bankers and their elite owners rule the planet.

I have faith that most people are smart enough to realize that ending the fed is not a solution. Of course, letting those elite shysters rip people off is not the best solution either, but if you buy what they are selling I don't have a lot of sympathy for you.

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