Trumpdogan complains about Fed rate hike.

Is it?

How would you know?

Last time we had a crisis Bernanke stood up at the podium like Bagdhad Bob. "There are no tanks on Wall Street".

Meanwhile economic Jesus, aka Greenspan was shown to be more fraud then Messiah.

Because inflation is low, bank runs are a thing of the past and the federal reserve note is so succesful it became the "gold standard" over you know... actual gold?

Greenspan was wrong, but then again so was Congress, so why do you think it would be better if Congress have had direct control over monetary policy? You think the Congress that repealed Glass-Steagal would had been more prudent?
 
I mean he could have said the rate looks Just like his son or he police act stupidly around the rate

Or he could say "both sides" and i wouldnt care as much because its in the end a social issue, the US president brazenly attacking the independence of the Fed however, that raises and eyebrow.
 
LOL bullshit. "No dude you don't get it, the Erdogan reference was to imply that Trump wears shoes."

Post #14

Its ok if you dont get the joke man, no need to get defensive about it.
 
ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE THE POWER TO COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF.

IN 1935 THE SUPREME COURT RULED THAT CONGRESS CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO ANOTHER GROUP. (Reference 22, P. 168)

Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED]

In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated: "But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost."

Dear American:

Pursuant to your request, I will attempt to clear up questions you have about the Federal Reserve Bank (FED). I spent much time researching the FED and these are the shocking and revealing conclusions.

THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.

Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value.

The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:

Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152)

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).

The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)

First National Bank of New York James Stillman National City Bank, New York Mary W. Harnman

National Bank of Commerce, New York A.D. Jiullard

Hanover National Bank, New York Jacob Schiff

Chase National Bank, New York Thomas F. Ryan Paul Warburg William Rockefeller Levi P. Morton M.T. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. Sterling Katherine St. George H.P. Davidson J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly ruined my country" (Reference 17, P. 31).

Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends (nickname T club -out Thursday...-in Tuesday) with lucrative salaries (Reference 1, P. 209). Additionally, the FED started buying up the media in the 1930's and now owns or significantly influences most of it Reference 3, 10, 11, P. 145).

Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265). Forty percent of our personal federal income taxes goes to pay this interest. The FED's books are not open to the public. Congress has yet to audit it.

Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913.

Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It's always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166).

THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE

We, the People, are at fault for being passive and allowing this to continue.

Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). The following are portions of Rep. McFadden's speech, quoted from the Congressional Record, pages 12595-12603:

"THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENTOF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT.

The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER."

About the Federal Reserve banks, Rep. McFadden said, "They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable."

On the subject of media control he state, "Half a million dollars was spent on one part of the propaganda organized by those same European bankers for the purpose of misleading public opinion in regard to it."

Rep. McFadden continued, "Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL.

No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people."

"Our people's money to the extent of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve banks. The greater part of our monetary stock has been shipped to foreigners. Why should we promise to pay the debts of foreigners to foreigners? Why should American Farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?" Rep. McFadden asked.

"The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately.

FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL", Rep. McFadden concluded (Reference 1, contains an entire chapter on http://www.myfreeoffice.com/dwi/McFadden.htmlRep. McFadden's speech).

If the media is unbiased, independent and completely thorough, why haven't they discussed the FED? Currently, half the states have at least a grass roots movement in action to abolish the FED, but there's no press coverage. In July, 1968, the House Banking Subcommittee reported that Rockefeller, through Chase Manhattan Bank, controlled 5.9% of the stock in CBS. Furthermore, the bank had gained interlocking directorates with ABC.

In 1974, Congress issued a report stating that the Chase Manhattan Bank's stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of NBC). The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. After this report, the Chase Manhattan Bank obtained 6.7% of ABC, and today the percentage could be much greater. It only requires 5% ownership to significantly influence the media (Reference 14, P. 56-57). This is only one of 300 wealthy shareholders of the FED. It is believed other FED owners have similar holdings in the media. To control the media, FED bankers call in their loans if the media disagrees with them (Reference 25, P. 134-137).

Rockefeller also controls the Council on Foreign Relations (CFR), the sole purpose of which is to aid in stimulating greater interest in foreign affairs and in a one world government. Nearly every major newscaster belongs to the Council on Foreign Relations. The Council on Foreign Relations controls many major newspapers and magazines. Additionally, major corporations owned by FED shareholders are the source of huge advertising revenues which surely would influence the media (Reference 14, P. 56-59). It can be no wonder why groups such as FED-UP(tm) receive minimal, if any, press attention.

How do taxpayers stop financing those whose purpose it is to destroy us? First, expose their activity, then demand change.

<Huh2>
 
Ok so one thing that just isn't making any sense, maybe someone can explain. Why on Earth would it be a good thing to pay higher interest rates???

Any other time there is all this moaning about paying something too high or rich should pay more or etc, but on this we are supposed to be happy that interest rates are rising?? Why should I be happy to pay higher interest on my house loan? Happy is the last emotion I see in this scenario.

Is there something deeper than being happy about paying more money? I feel I must be missing something here.

We're at full employment, if interest rates stay low inflation will tick up.
 
Ok so one thing that just isn't making any sense, maybe someone can explain. Why on Earth would it be a good thing to pay higher interest rates???

Any other time there is all this moaning about paying something too high or rich should pay more or etc, but on this we are supposed to be happy that interest rates are rising?? Why should I be happy to pay higher interest on my house loan? Happy is the last emotion I see in this scenario.

Is there something deeper than being happy about paying more money? I feel I must be missing something here.
Because the rate also applies to your savings
 
Or he could say "both sides" and i wouldnt care as much because its in the end a social issue, the US president brazenly attacking the independence of the Fed however, that raises and eyebrow.
Because his plans rely on cheap money Increasing rates will slow that
 
Luckily the USA isnt a third world country where the president can appoint the central bank governor at will.
Luckily?

Sorry, but dumb.
 
Ok so one thing that just isn't making any sense, maybe someone can explain. Why on Earth would it be a good thing to pay higher interest rates???

Any other time there is all this moaning about paying something too high or rich should pay more or etc, but on this we are supposed to be happy that interest rates are rising?? Why should I be happy to pay higher interest on my house loan? Happy is the last emotion I see in this scenario.

Is there something deeper than being happy about paying more money? I feel I must be missing something here.


Interes rates are used to keep inflation in the target zone of 2-3%. Raising interest rates reduces spending and lowers inflation pressure. It is sort of a balancing act. Nobody likes higher interest rates, but they also don't like 10% inflation.
 
Oh, that's kind of lame.
Rod already posted a link but the real reason is that Erdogan now basically makes the decision for the Turkish central bank which is fucking up their currency and economy

Farmer Brown and everyone that liked that are just uninformed as usual. You should expect #downwithdrumpf shit threads from other posters
 
Because his plans rely on cheap money Increasing rates will slow that

Money's "value" isnt given by decree, otherwise Venezuelans would be the richest people on the world.

For people who shit on Bernie and the Dems by calling him Venezuela you guys certainly love to back the guy that actually thinks like a third world dictator in economic terms.
 
This makes sense in an expectation way, but then I would simply ask one question. Why does inflation have to go up if interest rates are low? Why can't interest rates simply stay the same without inflation shooting up inch by inch?

Because low interest rates encourage borrowing, if the economy is in full capacity (producing as much as it can given its context) then adding more money in the economy wont increase the output.

If it doesnt increases the output then additional money would just be chasing the same goods, ergo inflation.
 
Ok so one thing that just isn't making any sense, maybe someone can explain. Why on Earth would it be a good thing to pay higher interest rates???

Any other time there is all this moaning about paying something too high or rich should pay more or etc, but on this we are supposed to be happy that interest rates are rising?? Why should I be happy to pay higher interest on my house loan? Happy is the last emotion I see in this scenario.

Is there something deeper than being happy about paying more money? I feel I must be missing something here.

You do realize that money is just worthless paper right?
 
Money's "value" isnt given by decree, otherwise Venezuelans would be the richest people on the world.

For people who shit on Bernie and the Dems by calling him Venezuela you guys certainly love to back the guy that actually thinks like a third world dictator in economic terms.
I don’t think you’re quite getting this
 
I don’t think you’re quite getting this

Im certainly dont, considering you guys are saying that the Fed shouldnt care about runaway inflation for some reason.
 
Are you really going out if your way to point out that perhaps he should gave said fortunately?
No, not even close. Our banking plight is far worse. Not understanding how stupid it i to let a foreign cartel print your money for the cost of the paper and then lend it to you at interest is the greatest tribute to their power.
 
Back
Top