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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (29492)	3/7/1999 10:36:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 116764

The Fed: Good or Evil? Thank you for your response. I can see that we are at disagreement, but that is what makes a discussion. For more about what concerns me, PLEASE read the following: www9.pair.com "As far as the FRB answering only to shareholders. Normally Directors and Chairmen/women are elected by sharholders and the board of directors. Who appointed Alan Greenspan? and then you have to ask... Who confirmed him?" In a normal company, who has more control: The majority shareholders An "appointed director" who does not hold any shares I think you know the answer. We know that the Pres appointed AG.....but that does not constitute proof in any way that AG has ANY influence on FED actions. "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." Note that the congress (our representatives in gov't) have NEVER even seen the Fed's books. If they do not know about what is going on at the fed, how can they even pretend to be able to monitor the fed? "If not a private bank, with its head appointed and accountable to the political process, then who should??" The books are not even open. Thus I do not see how there is any accountability. "Look at Japan. " The printing presses are rolling, and Rubin and the gang are pressing the gov't to roll them HARD. Look forward to big time inflation soon...another way to rob the public of their hard earned money. This is a fact. THC