Not so fun facts about our money:

[dixiegrrrrl]

From a review of Ellen Brown's "Web of Debt" book.

*** the Federal Reserve isn't federal; it's a private banking cartel owned by its major bank members in 12 Fed districts; ***except for coins, they "create" money called Federal Reserve notes, in violation of the Constitution under Article I, Section 8 that gives Congress alone the right "To coin (create) money (and) regulate the value thereof....;"

*** since Andrew Jackson's presidency (1829 - 1837), the federal debt hasn't been paid,
only the interest - to private bankers and other owners of US obligations.

***"tangible currency (coins and paper money) comprise less than 3 percent of the US money supply;"
the rest is in computer entries for loans;

banker/developer Reed Simpson said:

"I have been a banker for most of my career, and I can report that even most bankers (don't know) what goes on behind (top echelon) closed doors....I am more familiar than most with the issues (Brown covered, and) still found it an eye-opener, a remarkable window into what is really going on....(Although many banks follow high ethical practices), corruption is also rampant, (especially) in the large money center banks, in one of which I worked."

"Credible evidence (reveals) a world (banking) power elite intent on gaining absolute control over the planet and its natural resources, including its subservient human (ones)." Money is their "lifeblood," and "fear (their) weapon." Ill-used, they can "enslave nations and ensure perpetual wars and bondage."



Much more at link:
http://baltimorechronicle.com/2009/050609Lendman.shtml

[Catshrink]

1. I think they aspire to be medieval feudal lords

with the rest of us mere serfs tied to our computers, machines, jobs and at their mercy for basic needs. The financial meltdown has hurt so many and made many of the rest us numb. It has inspired fear in many -- if I speak up will I lose my job? If I don't agree to a pay cut or contract revision, will I lose my job? Have they won already?

On a lighter note, here's a cute little animation about the meltdown to music from West Side Story.

http://www.newsday.com/media/flash/2009-04/46217527.swf

[RandomThoughts]

2. They failed long ago.

Just has to play out. Got to give them a chance after all. :)

If a small group controls money creation, or money distribution, or what money can claim to own...

Then removing money as the primary motivator, and thinking on what is right and wrong in society, changes who is rich, and shows which of the 'money rich' may actually, just be morally bankrupt.

This is why they fight so hard for no regulation and profit first. It is there power base. For some of them, it is all they got.

Imagine if some day, the money you had, or created, or earned, was not part of your evaluation in any way...

Although I am sure many are actually mostly good people, good and bad is in every group. and every person is good sometimes, and bad sometimes.

:shrug:

But the idea of a 'few' controlling 'many', I have not heard a good argument for.

Edit: I should say just like what you own does not define your good value, it does not define your bad value. It is actually interesting that many wealthy people, and many poor people are good people. Just sometimes it seems people think once they get to there wealth or power or control goal, then they can do good, but they never reach the goal, and live in the means of acquisition for much, if not all of the journey.

[Davis_X_Machina]

3. The Fed is quasi-private...

...because it was a Democratic Party article of faith, from the days of Andy Jackson on, that there would not be a national central bank run by the Federal government.

We got what we asked for, and now we're not happy with it? Quelle surprise.

[RC]

4. Since Andy Jackson, the Democratic and Republican parties have both switched to the opposite sides.

[Davis_X_Machina]

5. So are we plumping here for...

...a.) a quasi-private central bank
...b.) a really private central bank
...c.) a state-run central bank
...d.) no central bank at all.

[RandomThoughts]

6. Personally I wouldn't try to figure that out, but some people probably are thinking about it

Might not even matter the system, for the systems sake in itself. But a system that helps mitigate the natural tendencies of secrecy or consolidation of power, that leads to corruption.