Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.

Neno

NOTES:
For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017


Congress v Federal Reserve

Share

Lobo
Moderator
Moderator

Posts : 17793
Thanked : 876
Join date : 2013-01-12

Congress v Federal Reserve

Post by Lobo on Fri 13 Nov 2015, 12:11 pm

Congress v Federal Reserve

Posted on November 13, 2015 by Martin Armstrong


QUESTION: the big question: WHY do USA still have the FED (a private company) dictating the USA economy?????????
MK
ANSWER: Very simple. The Fed was originally a private bailout entity to replace JP Morgan and what he did in the Panic of 1907. Stimulation was buying corporate paper, not government. When WWI came, Congress ordered the Fed to buy government paper not corporate. They never returned it to its original design. The Great Depression comes. Congress usurped all branches and established a single national interest rate. They ordered the Fed to support US debt at par during WWII but did remove that in 1951.
The answer is very simple. Congress gets to blame the Fed for inflation because the definition is an increase in money supply so that is the Fed’s job. Meanwhile, Congress relieves itself of any responsibility for inflation and fiscal management. Everyone focuses on the Fed and not the fact that Congress creates the bulk of the money by debt.
It’s a blame game that relieves Congress of any responsibility. They get to hold hearings and interrogate everyone else except themselves. They keep everyone blaming the Fed and that what they can run for office and promise the moon. The Fed is nothing like what it was supposed to be. The elastic money was to allow it to stimulate buying corporate paper that is at least repaid. Once that became government paper, the game was changed. Roosevelt even confiscated the gold from the Fed in 1933 just like all other banks.
So it works. So many people hate the Fed, but they do not look at who really creates the bulk of the money – CONGRESS. It is very naive to think if you shut down the Fed that will solve everything. The problem runs much deeper.
This entry was posted in Uncategorized by Martin Armstrong. Bookmark the permalink.

    Current date/time is Sun 04 Dec 2016, 12:27 pm