Bitcoins and gold standard dollars -- was Re: Anyone want to make a housecall?
S. Dale Morrey
sdalemorrey at gmail.com
Sun Jun 2 12:32:06 MDT 2013
A conspiracy involving more than 2 people will quickly fall apart, people
like to talk to much.
In fact the only way 2 people can keep a secret is if one of them is dead.
The fed arose out of a series of financial crisis that the USA was
undergoing at the time. It was authorized because of technocratic
thinking, that is to say the people of the day believed that the best way
to manage the money supply is to use people who manage money for others, to
manage it for us.
Prior to the creation of the fed the country underwent a series of severe
economic crisis. These crisis were because of major bank failures due to
panic sells, bank runs etc. JP Morgan put up lots of his own cash to bail
us out of that one and then pushed to have a regulatory body and central
reserve system in place to control liquidity and the money supply. The fed
is also supposed to act as a lender of last resort to banks that have
temporary liquidity problems.
On Sun, Jun 2, 2013 at 1:11 PM, Joshua Marsh <joshua at themarshians.com>wrote:
> On Sat, Jun 1, 2013 at 5:14 PM, Levi Pearson <levipearson at gmail.com>
> > And you say "beholden to its anonymous shareholders" like that isn't how
> > all corporations work.
> This is coming from someone who listens to the No Agenda show, so take it
> with a grain of salt. I'm more concerned about the fact that the Fed *is* a
> corporation and not that is runs like one. The law does put limits on what
> shareholders can do, but we live in a capitalistic society and the all
> mighty dollar can get people to do wild things.
> so, if you want to know who the shareholders of your regional Fed are, look
> > at the largest banks in the region.
> I have never seen a list of shareholders. I've read a few people claiming
> to know who they are, but they don't have verifiable sources. The Fed
> doesn't release that information. We can assume that some banks have
> shares, but we don't know how much. There is only a minimum purchase amount
> for members. And the laws allow for some of the shares to be sold to the
> public. What I'm interested in is more transparency.
> TINFOIL HAT ON: These people have the button that makes money out of thin
> air. There is nothing stopping them from working together to make small
> tweaks to the economy that slowly hurt individuals in the long run and make
> their shareholders billions of dollars. Add to that the fact that our
> government gets a large kickback on those profits and I don't see Congress
> or the President or anyone doing anything about it in the foreseeable
> future. The sad part is that we would never know.
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