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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: SilverFox77 who wrote (4427)	3/17/1999 9:12:00 PM
From: Hawkmoon	Respond to of 81839

The Fed. has the ability to both create money out of nothing, and to determine the interest charged on this money. Thus it can create both economic expansions as well as economic contractions, simply by altering both interest rates and money supply. In 1929, it caused one of the largest financial contractions in history. This allowed it in 1933 to confiscate the gold of the American people, while taking America off of the gold standard, thus removing any barrier to its ability to create unlimited amounts of debit money. .....>> Lorraine, I can see that you don't like the concept of the Federal Reserve Bank and that you seem to believe it was formed of some conspiracy. Could you tell us what events occurred at that time period that prompted such a dastardly deed?? Also, before the FRB, how was money created? Who/What controlled the financial system and how well did it work? Which regulatory authority set the reserve requirements for determining the liquidity of the bank? And if all banks are bad, what you replace them with? I'm sorry you were offended by my comments. I would like to hear some constructive discussion as to how this conspiracy of the illuminati transpired. Regards, Ron