Transparency in the Federal Reserve?

Discussion in 'Politics' started by Michael, Nov 12, 2010.

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Should we Audit the Fed?

  1. Yes

    2 vote(s)
    40.0%
  2. No

    3 vote(s)
    60.0%
  1. Michael 歌舞伎 Valued Senior Member

    Messages:
    20,285
    Do you think all US Citizens should have access to all of the financial obligations and economic dealings of the Federal Reserve?

    Ron Paul, for example, suggests that we American Citizens may be bailing out Ireland, either thought inflation or other means unknown to us. Should we be privy to the obligations between the Federal Reserve and other Central Banks?


    In short: Should we Audit the Fed?
     
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  3. The Esotericist Getting the message to Garcia Valued Senior Member

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    2,119
    :roflmao:
    :bravo:
    Like what the public, congress, or the president think or feel about this issue matters anymore? If anyone cared, the time to bring this up was before the LAST presidential election when Ron Paul was raising the alarm bells. However, since the same people that own the FED, also own the media, he was sort of marginalized, ridiculed, and the issues he wanted to discuss were largely ignored, weren't they? The horse is kind of out of the barn now, isn't it?

    And like we even need to audit it to know they are crooks. The gold in Fort Knox was stolen and replaced with counterfeit salted Tungsten bars long ago. The books are cooked. The FOIA does not apply to the FED, and all important information pertaining to their activities has been redacted. Nothing to see here. . . move along.

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    Yes. . . or No? Inapplicable.
     
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  5. joepistole Deacon Blues Valued Senior Member

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    Do you have anything to back up your claims? What makes you think there is no gold in Fort Knox?

    Do you think, given the success of Congress or lack thereof in managing the nations finances, we should let the same people access to monetary policy?
     
    Last edited: Nov 13, 2010
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  7. Michael 歌舞伎 Valued Senior Member

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    I suppose we could do away with elected officials altogether.

    There is nothing wrong with things going wrong, IF we can learn from our mistakes. I think people who are educated properly will vote for Citizens who can do a good job in Congress. Those who vote for idiots, or are conned, will learn not to next time.

    I vote for transparency and I trust in the republic.
     
  8. joepistole Deacon Blues Valued Senior Member

    Messages:
    22,910
    Well judging from the george II years, there is something seriously wrong with the nation and those electing public officials. I support democracy. However, critical to its success is a knowledgable and well informed voter base. We have not had that and judging from a lot of the comments made in this forum, it is going to be a long time - if ever- before we get knowledgable and well informed voters.

    So tell me what do you know about macroeconomics and international trade?
     
  9. nirakar ( i ^ i ) Registered Senior Member

    Messages:
    3,383
    Voters don't have time to be educated. Politicians don't have time to be educated by people who won't be making large campaign contributions.

    I would favor governance by randomly selected part time commissions/Juries say 21 people who oversee a board of 5 full time people that they select who in turn choose the executive who runs the Federal reserve, or the FCC or whatever.


    You need to put in a lot of hours to be qualified to have sound opinions about policy. Voters can't do that. Even when voters do may politics their primary hobby (rather than television or sex or food or crossword puzzles or xbox ) the voters tend to be following the political side of politics rather than the policy side of politics.

    Now the voters and people in general are clearly idiots but adding elected officials between the idiots and the policy creators does not help anything. If we don't trust the people to oversee policy why would we trust the people to elect good people to oversee policy?

    Successful politicians are people who do what is needed to be done to win elections. Being somebody who does what is needed to be done to win elections probably means being a little smarter and sleazier than the average person. I think politicians usually are the type of people who believe whatever will help them increase their power and popularity. If their goal is to increase their power then they will use their influence over policy to enhance their power rather than to set good policy. Politicians will believe whatever powerful people want them to believe because they have been changing their beliefs to fit in and win friends, (preferably popular and powerful friends) ever since they were school children.

    We all change are beliefs to fit in and win friends to varying degrees but politicians make a career out of it.

    I would rather take my chances with ordinary people (even not so bright garbage men) in positions of responsibility than put politicians in positions of responsibility. I think sincerity is more importance than intelligence.
     
  10. Michael 歌舞伎 Valued Senior Member

    Messages:
    20,285
    One of the reasons the public is so ignorant about our monetary system is because they don't have to feel the effect of their ignorance. If they were subject to their own stupidity then I think they'd push for more education (or at least see and feel the importance of making sure their kids are educated). They're simply not responsible and now that we have had generations of Citizens outside of the loop it's become the norm.

    See, one of the problems is a large number of people don't like to work or think and do prefer to have someone tell them what to think and do. This doesn't work for a Republic. In a Republic we have to take responsibility ourselves - and take the bad along with the good. Our freedom means yes, we will f*ck it up, we will be suckered at times and we will on occasion elect completed idiots to both the White House and to Congress.
    But that's the price you pay living in a Republic. Suck it up!


    It seems to me some of us would rather not live in a Democracy. Honestly, that's how it sounds. Which is probably why Republics of the past haven't stood the test of time. People prefer to be safe and secure and babied rather than free. They'll make that trade. Well, that ends in tears too.


    Lastly, it shocking to me anyone would think WE the Citizens shouldn't be informed about Fed Policy?!?!? I mean WTF? Whether you're for or against the Federal Reserve System is one thing, but willfully wanting to be blind? I really don't know what to say? The Founding Father's would be rolling in their graves.
     
  11. The Esotericist Getting the message to Garcia Valued Senior Member

    Messages:
    2,119
    What makes me this this? Whistle blowers, independent investigative journalists and people interested in truth. I'm sure there has to be some gold there, but not as much as they say there is.

    http://www.marketoracle.co.uk/Article14996.html

    Monetary policy should be broken up and controlled by no one. Right now, that's the whole point isn't it? It IS controlled, isn't it? It's controlled by an elite few, for the benefit of an elite few. Booms and busts are artificially created and the whole system is corrupt for the benefit of the select few that create credit and print money.
    http://video.google.com/videoplay?docid=-2550156453790090544#
    The same people that have been in charge of monetary policy for the past one hundred years are the same folks that have brought to you the government compulsory education system and university system. . . so, they have done a fine job of crafting the way people think about how society should think about these issues. I wouldn't expect most people to feel any differently. sarcasm

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  12. The Esotericist Getting the message to Garcia Valued Senior Member

    Messages:
    2,119
    Anybody that did any serious research into the issue would know that both times he was "elected" it was fraudulent.

    If you had even an elementary college statistics class you would have known that the exit polling showed that he could not POSSIBLY have carried the states he did in the 2004 election. In the 2000 elections the machine voting was HIGHLY suspect, and fraud was reported through out the system. I mean, come on. . . let's not fool ourselves, there IS a reason the U.N. was not allowed to monitor OUR elections. Am I the only one who that doesn't sit right with? :shrug:

    For more information on this topic, I recommend that documentaries American Blackout, which will show, in an absolutely factual way, how Florida was stolen in the 2000 election in a congressional sponsored investigation, and the documentary Uncounted, which shows how the 2004 election was stolen.
    http://www.livevideo.com/media/commentmedia.aspx?cid=26A1D2E302F34D8088EBD77A54D4D3E4
    http://www.livevideo.com/media/commentmedia.aspx?cid=0A270DC8469143CDBA3F81D6C90F4EC5&showadd=1

     
  13. jmpet Valued Senior Member

    Messages:
    1,891
    Whether or not Fort Knox is full is irrelevant- we are guarding "it".

    We should let the Fed do it's thing. Part of me is scared to find out how truly fragile our dollar is- I'd rather see "it" kept safe from me.

    I know enough about economics to not want to pull back the curtain and see the invisible hand of the marketplace- it's like staring at the opened Arc of the Covenant.

    Or attention to things when they're wrong is offset by our blind acceptance to when things are going right. Like a blind man who only senses the Earth when he falls into a ditch. We have a 225 year history of ignoring the ways and means and only measuring the results. I say we look at what we're overdoing when all is right- that will define the next hole in the ground.
     
    Last edited: Nov 14, 2010
  14. The Esotericist Getting the message to Garcia Valued Senior Member

    Messages:
    2,119
    This is all true. . . but WHY is this all true? I think you are in some ways, blaming the wrong people. Imagine if education weren't government sponsored and compulsory? I'll bet most home schooled children, when they are grown, know what the hell is going on! The government and the Federal Reserve MAKE DAMN SURE that what they produce is as exactly what you have just described. Because, were it any different then what you just described?? We, the people of this once great nation, would change it all right back to the way it was before they corrupted the hell out of it. . . . I don't know exactly what it would look like, but the literacy rate, the individualism, the entrepreneurial spirit, just the average ability to think for oneself, all of it, was much higher, say, one hundred, one hundred and fifty years ago. All of this was planned by the elites. They have MADE the population this way, and don't look for it to get any better. . .
    The Makers of Modern Schooling
    George Carlin ~ The American Dream
     
  15. The Esotericist Getting the message to Garcia Valued Senior Member

    Messages:
    2,119
    It's "thing" is thievery, corruption, and causing wars. You want it to cause WWIII?

    Now it wants to pass this, this QE2 thing-a-ma-jig to hide the fact of deflation. . . which means, oops, we're in a depression?

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    So. . . I guess, to be real, instead of having a useless poll of the people of the United States, who have no power any way, instead of asking them if they want to audit the Fed. . . maybe we should have a poll asking them if we would rather have another great depression, about ten times worse than the one in the 30's as what little wealth is transferred to India, Brazil, Indonesia, etc. OR have us start WWIII with the only remaining industry we have left. . . making weapons of war? :shrug:
     

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