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To: ForYourEyesOnly who wrote (29528)	3/8/1999 12:12:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116763

"Are you saying that AG is merely a figurehead with no real power over the decision making process of the FRB?" That is the impression I have --- either a figurehead or a silent accomplice I'm sorry THC, but you really should watch CNBC someday when they do the AG "briefcase indicator". The entire marketplace and world economies relentlessly analyze his every ambiguous, monotone syllable. Paul Volcker was the reason inflation was stamped out in the '80's and Greenspan is the reason this economic growth has continued through today. That, and some major misteps by Japan and Europe's Central Banks and governments. That is the impression I have --- either a figurehead or a silent accomplice. Unless you have total transparency about the fed ownership and decision making process, how can you know how much authority AG has? Can you show me where there are doubts about who "owns" the Fed? What books have you been reading? The FRB is a political creation, AND YOU CAN BE ASSURED that there was some long and bitter debate about how the Federal Reserve Act was structured in order to assure that gov't maintained some control and accountability. You might want to study up on the banking panic of 1907, one of the crucial events that led to the FRA of 1913. I am now in the "discovery" process and I WILL write. Believe it. Seems you've already discovered all you want to know if your comments on believing there is no disclosure of FRB actions. Not to be critical, but when one is in "discovery", personal bias is supposed to be subjugated to an objective search for the truth. It would seem that the whole violent boom and bust cycle is caused by the expansion and contraction of fiat money. Perhaps a stable, natural money supply could help smooth out this cycle....and reduce the need to "inflate" and "deflate." Well, I wouldn't just blame Fiat money for this. Booms/Busts events have certainly happened under the gold standard (Oct,1929?) and when there is a bust, due to the rigidity of the discipline a gold standard applies, there are very few options available to prime the economic pump and create the proverbial "soft landing" that AG seems to have engineered in 1990. Regards, Ron

To: ForYourEyesOnly who wrote (29528)	3/8/1999 7:53:00 PM
From: lorne	Read Replies (3) \| Respond to of 116763

Hello THC. This was in one of your posts a few days ago. >>> "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.<<< I think we all know what happened to Presidents Lincoln and Kennedy but I knew nothing of President Jackson so here is a bit of info on President Jackson. A brief biography of Andrew Jackson 1767 - 1845 Background of the "Bank Wars" odur.let.rug.nl The End of the Bank War odur.let.rug.nl Henry Clay and the "Bank Wars" odur.let.rug.nl