WOW Im surprised at this admission the Federal Reserve

[Robert]

They either feel so confident at their position or they just dont care, or there is a plan afoot.

The original thought or excuse for being charged interest on our own money was they will make things go smoother and stop the dips and the highs. Now they admit what we already know they are the cause.

In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.

Yellen went on to say that when the Fed is the culprit, it is generally because the central bank is forced to tighten policy to curtail inflation and ends up overplaying its hand. (She didn’t mention that the Fed’s monetary policy may have a hand in creating financial imbalances.)

Yellen and Bernanke were speaking at the annual meeting of the American Economic Association in Atlanta earlier this month in the company of current Fed Chair Jerome Powell.

[rocketray]

audit the fed....for a real eye opener google "all the plenarys men"....it seems we never escaped the English after all

[Robert]

We now do have the ability to audit some areas, but audit no, get rid of the Fed entirely. This is one thing I think Trump is thinking about.

Do you remember when if you would mention the Fed as a outside agency or that they were bad people would get all wierd and call it a conspiracy theory? I wonder where those people are now, probably thinking Pelosi is right.

[rocketray]

so..the 1792 Coinage act said only gold and silver could be used to pay public debt and if one cheated by even 1/10 of 1% making a gold or silver coin was counterfeiting and was the death penalty....since I haven't read the Federal Reserve Act passed in 1913 declaring we could only it's money and no other.and backed by some gold in Ft Knox whose existence hasn't been verified in ?70 years..leading directly into our entry into WWI and countless other wars..and FED itself has never been audited despite Ron Paul getting legislation passed to do that....oh and somewhere in the 1920's we were bancrupt and everyone had to turn in their gold and silver--it was illegal to own gold by proclamation....my head hurts

[hubcapsc]

https://outline.com/AENtGB

-Mike

[Robert]

One of the most troubling developments of late was the fact that we the people our government could not monitor nor say where the bail money was to be spent.

[Oss]

The Gold Standard  yes

The Fed  No

But surprise surprise, other nations manipulate currency all the time
so why should we not have such a vehicle.

The problem as stated is that the fox is watching the henhouse with no oversight or transparent audit

[rocketray]

the Federal Reserve Act was passed by the House but wasn't expected to pass the Senate---so...they waited until Christmas Eve Friday at 5 o'clock when 3 Senators were left--2 bought by the Rothschilds and 1 wasn't so they brought the bill out and  voted on it..so it passed by a 2-1 vote..out of 100 senators..nothing like it before or since..and the idiot Woodrow Wilson signed it and a few years later he wrote that he was" a most unhappy man" and "I have unwittingly destroyed my Country"...THEMONEYMASTERS.COM.....and we were bankrupt some 20 years later.....

[Disco]

If you have the stomach for it, read The Creature from Jekyll Island by G. Edward Griffin.  It tells the tale about the creation of the Federal Reserve and the way it conducts its business.  It's infuriating.

[Robert]

If you have the stomach for it, read The Creature from Jekyll Island by G. Edward Griffin.  It tells the tale about the creation of the Federal Reserve and the way it conducts its business.  It's infuriating.

 

Who knows if Trump gets rid of the reserve we might actually be a free people once again.

[Alpha Dog]

If you have the stomach for it, read The Creature from Jekyll Island by G. Edward Griffin.  It tells the tale about the creation of the Federal Reserve and the way it conducts its business.  It's infuriating.

I am not sure if I read that one or not, but am well aware of it.   Back in the early 90s I read this one and it was an eye opener.
https://www.amazon.com/Secrets-Federal-Reserve-Eustace-Mullins/dp/0979917654

Eustace Mullins was a regular guest on Chuck Harder's For the People radio show at that time.  In it he told exactly what Rocketray stated on 3 senators.

[rocketray]

remember "Helicopter Ben"?--Ben Bernake who was of the opinion --as head of the Fed!!--that the best way to stimulate the economy was to fly helicopters over depressed economic area's and dump money onto the area's....now this is money printed at a 6% cost and now some 4% interest rate--so after the cokes ,cigarettes and  potato chips were ingested what was there going to be to show for it? And this is the head of the Fed? Yellen is even worse.Do remember the yellow brick road(gold)? That took us somewhere over the rainbow where skies were blue? Hopefully Trump will get rid of the whole affair.

[hubcapsc]

https://www.brookings.edu/research/money-financed-fiscal-programs-a-cautionary-tale/