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I know, it's not mainstream media (Read 144 times)
JOG
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I know, it's not mainstream media
11/30/24 at 18:06:55
 
Excerpt from an article

The Federal Reserve—doubling the money supply during WWI (1914-1919) and creating a boom-bust cycle in the depression of 1920-1921—gladly financed US involvement and entry into World War I. This likely would not have been supported by the American people through taxation, but taxation through inflation—perpetrated by a central bank—conceals the costs of government activities. World War I would simultaneously strengthen the power and centralization of the Fed and the federal government power in general. Wars and central bank inflationism are mutually reinforcing. As summarized by Willis, Theory and Practice of Central Banking, and cited in Rothbard’s Progressive Era,

It was the entry of the United States into the World War that finally cast a decisive vote in favor of a still further degree of high centralization; and that practically guaranteed some measure of fulfillment for the ambitions that had centered around the Federal Reserve Bank of New York…

While the Fed enabled US entry into World War I, and World War I enabled major centralization of American society, the Fed also was the means through which wealth from the war was transferred to US bankers. Wall Street banks and Morgan greatly benefited from the war, acting as financier and mart for war materials for the Allies. John Moody, in his The Masters of Capital (1919), also cited in The Creature from Jekyll Island, explains,

Thus the war had given Wall Street an entirely new role. Hitherto it has been exclusively the headquarters of finance; now it became the greatest
mart the world had ever known. In addition to selling stocks and bonds, financing railroads, and performing the other tasks of a great banking center, Wall Street began to deal in shells, cannon, submarines, blankets, clothing, shoes, canned meats, wheat, and the thousands of other articles needed for the prosecution of a great war.

We've been raised seeing the Federal Reserve as just part of the reality of being Americans. That doesn't mean it is supposed to exist. It's the third central bank. Patriots and the American people killed the first two. The end of the fed would be good.
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thumperclone
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Re: I know, it's not mainstream media
Reply #1 - 12/01/24 at 03:44:58
 
[quote author The end of the fed would be good. [/quote]

blowing that horn again I see
give up that fascist dream
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JOG
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Re: I know, it's not mainstream media
Reply #2 - 12/01/24 at 04:58:08
 
I've wondered WTF is wrong with you for a while. But seriously,, WTF dude? You don't have the first clue what you're talking about. Exactly HOW is lookin at the Federal Reserve and questioning its existence somehow a Fascist idea?
Ohh,I can't Wait for the answer. I'm just Sure the words will flow and the eloquent answer will be forthcoming.
The article

https://mises.org/mises-wire/bankers-fed-origins-and-world-war-i

The Mises Foundation,, A known fascist organization😂
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« Last Edit: 12/01/24 at 06:05:33 by JOG »  
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thumperclone
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Re: I know, it's not mainstream media
Reply #3 - 12/01/24 at 05:56:27
 
your president elect wants to control interest rates
any government policy controlled by one man is fascism



























































































































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JOG
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Re: I know, it's not mainstream media
Reply #4 - 12/01/24 at 06:07:06
 
You think Trump had something to do with that article?  You are so lost,it would be funny if it wasn't so sad.
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ThumperPaul
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Re: I know, it's not mainstream media
Reply #5 - 12/01/24 at 06:19:39
 
JOG - Who wrote that article?

I’m not opposed to abolishing the Fed.  They’ve certainly made some mistakes and caused some damage.  But even Ron Paul and Milton Friedman haven’t articulated a superior replacement.

How would abolishing the Fed be “good”?  That was a great unsupported claim/opinion.

Things get thrown around out there like - go back to the gold standard, let free markets work it out, program computers to do it, buy and sell securities to control the money supply…. All interesting ideas, but would it work better than the Fed?  Abolishing the Fed would NOT be good without a superior alternative.  And I have yet to hear anyone articulate an alternative.  And how would transition work without creating complete chaos?

Write me something good or find something to copy and paste.
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MnSpring
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Re: I know, it's not mainstream media
Reply #6 - 12/01/24 at 07:16:47
 
thumperclone wrote on 12/01/24 at 03:44:58:
"... give up that fascist dream ..."


Calling a poster here, a FACIST, not a good move.

Just shows,
     again,
how IGNORANT you are.


“…no full-fledged fascist movement has existed since World War II…”

Mussolini and Hitler were two notable Fascists, (among a few other less known).
People like Pol Poy, (1976 - 1979)  the leader of Cambodia's Communist movement, (Khmer Rouge), and  other multiple leaders were  dictators, and just plain serial killers, like Jack the Ripper and  Jeffrey Dahmer.


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Ben Franklin once said: "If you give up a freedom, for the sake of security, you will have neither".
Which is More TRUE, today, than yesterday.('06, S-40, Stock) well, mostly .
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Re: I know, it's not mainstream media
Reply #7 - 12/01/24 at 08:07:18
 
 Eliminating the Federal Reserve would require a better replacement.

 Decentralization is crypto currency, but that's a "scam" according to some so you gotta go back to Trust based centralized currency.

 What is a viable alternative?  And please lets not go back to PG's idea that banks should warehouse actual paper bills.  This is tremendously inefficient and an unreasonable cost for most banks.

 Also backing by Gold standard is essentially the same problem.  You going to go down to a bank and trade in a $20 bill and they pull out a salt shaker of gold dust to sprinkle twenty dollars of gold into an envelope for you?  You gonna carry gold bars around?  Pay freight for gold bars to ship on a train to a bank in another State?

 The Federal Reserve should be examined, but the complexity of a modern economy eliminates most other simpler alternatives as being feasible.  
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Re: I know, it's not mainstream media
Reply #8 - 12/01/24 at 08:18:02
 
[quote author=7655684B4952555C3B0 link=1733018815/0#6 date=1733066207]thumperclone wrote on 12/01/24 at 03:44:58:
"... give up that fascist dream ..."


Calling a poster here, a FACIST, not a good move.



I said fascist dream
is it ok for him to call me a communist
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MnSpring
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Re: I know, it's not mainstream media
Reply #9 - 12/01/24 at 12:52:28
 
thumperclone wrote on 12/01/24 at 08:18:02:
"... is it ok for him to call me a communist "

From reading your posts,
Sure does look like,
   that shoe fits !

JOG being a 'FASCIST',
    Just don't fit,
ANY, of his shoes !!!

(That would be, my OPINION)






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Ben Franklin once said: "If you give up a freedom, for the sake of security, you will have neither".
Which is More TRUE, today, than yesterday.('06, S-40, Stock) well, mostly .
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thumperclone
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Re: I know, it's not mainstream media
Reply #10 - 12/02/24 at 06:22:39
 
Jog and I have been going back and forth for over 15 years he can stand up for himself
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JOG
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Re: I know, it's not mainstream media
Reply #11 - 12/02/24 at 11:24:51
 
He said what I would have.
Evidence that you are a Marxist, commie exists.
That I have fascist dreams? I'm a frikken libertarian. With a conscience.
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Re: I know, it's not mainstream media
Reply #12 - 12/02/24 at 11:42:07
 
They keep calling me a fascist.... You're right. I am a Christofascist.

Ave Christus Rex!
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thumperclone
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Re: I know, it's not mainstream media
Reply #13 - 12/02/24 at 14:00:49
 
JOG wrote on 12/02/24 at 11:24:51:
He said what I would have.
Evidence that you are a Marxist, commie exists.
That I have fascist dreams? I'm a frikken libertarian. With a conscience.



wanting one man control IS fascist

I am an unaffiliated conservative liberal with a brain that works
looking forward to the nonexistent proof of my Marxist communism
you have none and your silence will be the proof
 
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MnSpring
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Re: I know, it's not mainstream media
Reply #14 - 12/02/24 at 18:06:24
 
thumperclone wrote on 12/02/24 at 14:00:49:
"...  nonexistent proof ..."


           LOLOLOPLOLOLO
Just have to read your drive by's !!!!!

"... conservative liberal ..."

Explain what that is.

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Ben Franklin once said: "If you give up a freedom, for the sake of security, you will have neither".
Which is More TRUE, today, than yesterday.('06, S-40, Stock) well, mostly .
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