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Who Understands All That the Federal Reserve is???

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Indi Guy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-09-10 03:49 AM
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Who Understands All That the Federal Reserve is???
???
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Sebastian Doyle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-09-10 03:59 AM
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1. Well, for one thing...
It's not federal and there is no reserve.
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Indi Guy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-09-10 04:06 AM
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2. Extremely Well Said!...
Lookup "federal reserve act" 1913 & "fiat money" -- the picture of today's economy becomes clear.
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Sherman A1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-09-10 06:42 AM
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3. I think it has to do with
lots of smoke & mirrors, some magic & just a pinch of fairy dust, big books with lots of rules, nice offices & other stuff.
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damyank913 Donating Member (595 posts) Send PM | Profile | Ignore Tue Mar-09-10 08:31 AM
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4. All good answers-but seriously folks...
Before the Fed, a rumor could bring a bank down. Could it be improved? Definitely. Does it work? Probably.
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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-09-10 10:46 AM
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5. It's probably the greatest money-counterfeiting agency in the US
Edited on Tue Mar-09-10 10:47 AM by The Northerner
But no need for an audit...

There ain't nothing important going on over there. :sarcasm:
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