http://blog.jabi.com/economy/the-federal...
It is very important that you do NOT believe the first bit of the first sentence you wrote. My goodness - shortly after the federal reserve was created we had the 1929 stock market crash that lead into the great depression. Federal Reserve policy did nothing to help the 1970 stagflation. Did it prevent the 1987 crash? The dot-com bubble? Real estate bubble? The federal reserve's injecting of made-up dollars into the economy has resulted in many speculative bubbles. Economies aren't stable by nature, but things were absolutely less chaotic before they got involved, IMO.

Hah! Good call there. We'll see how permanent that situation is. I'm sure Obama would like to do more of that, but I suspect this is going to be an aberration. Well, we'll see. Around 2014/2015 when people start making their exits from the Obama administration, pay attention where they land. My eye is on the big banks. When this GM incident happened, people started calling GM "Government Motors". The federal reserve IS a govt agency, in my book. It's just not one on paper because the name of the game in Washington DC is "we hold all the power, but none of the responsibility"

I have it DVRd and hope to watch it today. Using the name Federal Reserve for a privately held corporation was a stroke of marketing genius. So few know it's not a government agency. It just runs the world.

GM?

It's not a government agency, yet the president nominates their board of directors, and the Senate confirms the nominations. What other "private business" does the government appoint the leadership of? People can be forgiven for thinking it's a government agency when a chairman of the board exits and people wonder "gee, who is the PRESIDENT going to put in to replace him?"

Here! Here! I cannot add to this. Thank you both.

Thanks for alerting me to Brad Thor's new book...I have read all so far!

'The FED is dead!'

yes.
I say the way to cut the fed off at the knees is to get rid of legal tender laws. (I thought I said that on this post. maybe it's on another post-lol)
the federal express comment is hilarious

The Federal Reserve, that most sacred of institutions that people think we actually need. hahahaha The Fed is the root of much evil in this country. If they didn't have the means to pull "money" from thin air, most of the crap this government does would be undoable. The Federal Reserve is as federal as Federal Express. It is a private institution ran by foreign interests who have no loyalty to American ideals. On the contrary, the people who loans us our paper with interest, are the very ones wishing to subjugate our sovereignty, and make us and our children, eternal debt-slaves.
When you hear someone say, "We have to pay off the national debt," it is a statement based on a faulty analysis of the situation. If we paid off the national debt, their wouldn't be a dime left in the country. Why? Because, when the bankers loan the US a dollar, we owe them say $1.05. So how would it be possible to payback the world plus 5%?(which is also the name of a short documentary on youtube, The world plus 5%) When you see "Insured by the full faith and credit of the United States Government", that is a representation of the mortgage, credit, or loan to the government under the provision that they put up some type of surety; that chattel on the great American loan, is based on the labor of the American people. Your income tax doesn't pay for much that you would expect from government. It goes mostly to pay interest to the banking elite. They are simply skimming off the top of every transaction in this country to enrich themselves at the expense of others.
There are few things that have managed to hide in the shadows as well as the Fed, but those days are about over. More and more people realize what they really are, ticks and leaches. Time to stop paying taxes to them, and giving them the sanction of the victim. If they believe they have a right to my labor and the product of it, let them come take it with force, and show their true colors. I'm tired of funding my own demise, and that of others. END THE FED!!!!

Hello MattFranke,
Thank you for a most excellent contribution. I couldn't agree more. END THE FED!
Regards,
O.A.