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Unread 02-04-2012, 05:46 AM   #1 (permalink)
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Short History Lesson on Federal Reserve

It was created in 1913. Great Depression hits in 1929.

Federal Reserve Chairman Ben Bernanke blames the federal reserve for Great Depression.

Bernanke: Federal Reserve caused Great Depression

Why arent more people taking Ron Paul seriously when he talks about ending the Fed.

A lot of economists blame the fed for the current recession.

Does anyone really know what the Federal Reserve does and who controls it? Can filthy rich banksters be trusted to make decision alturistically, rather than their own self interest and greed?
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Unread 02-04-2012, 10:18 AM   #2 (permalink)
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Quote:
Originally Posted by Doug5 View Post
It was created in 1913. Great Depression hits in 1929.

Federal Reserve Chairman Ben Bernanke blames the federal reserve for Great Depression.

Bernanke: Federal Reserve caused Great Depression

Why arent more people taking Ron Paul seriously when he talks about ending the Fed.

A lot of economists blame the fed for the current recession.

Does anyone really know what the Federal Reserve does and who controls it? Can filthy rich banksters be trusted to make decision alturistically, rather than their own self interest and greed?
I agree entirely. There won't be any more replies to this thread because the brainwashing is too successful.
By the way, this is a GREAT read about the subject:
Amazon Amazon
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Unread 02-04-2012, 10:25 AM   #3 (permalink)
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...Why arent more people taking Ron Paul seriously when he talks about ending the Fed....
I think they would but they're turned off by some of his other stands.
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Unread 02-04-2012, 12:45 PM   #4 (permalink)
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I think they would but they're turned off by some of his other stands.
which one? legalizing drugs? If prohibition didnt work for alcohol, why does anyone think it will work for other drugs?

Iran? in the 50's the CIA helped overthrow their elected president and put the Shah in charge and established a royal monarchy. Then when the people ousted the shah and the Ayatolla took over, america seized 10B in Iranian assets around the world. Thats what created the hostage crisis. They were released after america gave back the money.
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Unread 02-04-2012, 02:06 PM   #5 (permalink)
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which one? legalizing drugs? If prohibition didnt work for alcohol, why does anyone think it will work for other drugs?

Iran? in the 50's the CIA helped overthrow their elected president and put the Shah in charge and established a royal monarchy. Then when the people ousted the shah and the Ayatolla took over, america seized 10B in Iranian assets around the world. Thats what created the hostage crisis. They were released after america gave back the money.
You'll have to ask "them." Different people have different reasons. Some don't want to legalize drugs, some fear his isolationist attitude, some don't agree with his pro-life beliefs, etc.
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Unread 02-04-2012, 02:10 PM   #6 (permalink)
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which one? legalizing drugs? If prohibition didnt work for alcohol, why does anyone think it will work for other drugs?

Iran? in the 50's the CIA helped overthrow their elected president and put the Shah in charge and established a royal monarchy. Then when the people ousted the shah and the Ayatolla took over, america seized 10B in Iranian assets around the world. Thats what created the hostage crisis. They were released after america gave back the money.
The royal monarchy existed before the CIA came along - just that they were a constitutional monarchy who then became authoritarian after the coup d'etat. If you're going to offer a short history lesson, might want to review the history first.
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Unread 02-07-2012, 10:19 AM   #7 (permalink)
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The point is, the CIA was interfering with the Iranian election/governent

Prohibition planted the seeds of the nanny state. "Government, please protect me and my children from evil alcohol". At the time, a large part of federal revenue came from alcohol taxes.

In order to fund the federal goverment during prohibition, the income tax was created.
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Unread 02-07-2012, 10:23 AM   #8 (permalink)
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The point is, the CIA was interfering with the Iranian election/governent

Prohibition planted the seeds of the nanny state. "Government, please protect me and my children from evil alcohol". At the time, a large part of federal revenue came from alcohol taxes.

In order to fund the federal goverment during prohibition, the income tax was created.
True. It has been going on for decades. Remember the Iran/Contra mess? The Shah? Right now our policies are making it likely for another repeat of the Iranian hostage situation that happened under Carter. Oh well.
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Unread 02-07-2012, 11:38 AM   #9 (permalink)
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...In order to fund the federal goverment during prohibition, the income tax was created.
The permanent Federal Income Tax was established in 1913 by the 16th Amendment to the Constitution.

Prohibition became law in 1920, mandated by the 18th Amendment.

The income tax came before Prohibition.
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Unread 02-07-2012, 12:10 PM   #10 (permalink)
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True. It has been going on for decades. Remember the Iran/Contra mess? The Shah? Right now our policies are making it likely for another repeat of the Iranian hostage situation that happened under Carter. Oh well.
American empire building. Happens everywhere: Panama, Indonesia, all over Africa and Latin America.
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Unread 02-07-2012, 01:34 PM   #11 (permalink)
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True. It has been going on for decades. Remember the Iran/Contra mess? The Shah? Right now our policies are making it likely for another repeat of the Iranian hostage situation that happened under Carter. Oh well.
Thats my point. These people in CIA are not elected by the people. Their actions make america look bad, when most americans dont even know what theyre doing.
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Unread 02-07-2012, 01:41 PM   #12 (permalink)
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The permanent Federal Income Tax was established in 1913 by the 16th Amendment to the Constitution.

Prohibition became law in 1920, mandated by the 18th Amendment.

The income tax came before Prohibition.
thats right. They had to create the income tax before losing revenue from the alcohol taxes after prohibition.

Think how much money could be saved by legalizing drugs. No more money wasted on DEA and other law enforcement. No more money going to the prison industrial complex. (btw, america has the highest percentage of its citizens in prison, compared to other countries).

Government can generate revenue on drug taxes, instead of drug profits going to criminals. Lower health costs with better acess to clean needles. (less hiv and hepatitus)
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