Information on the Federal Reserve Bank, We need to EndTheFed

Forums: 

I've known for awhile that the Federal Reserve Bank is a private centralized bank not part of our government but controls our money supply. But I recently have learned the history of how the federal reserve came to be and how we are seeing repeated history. Ending the Federal Reserve and the world centralized banking system is crucial and should be considered one of our top demands. Check out this documentary to learn about the international banking system and how it effects everyone on the planet (this is not an overstatement), and please research, spread the word, and educate, we need public discussion on this.

http://video.google.com/videoplay?docid=-515319560256183936#docid=6076118677860424204

You know I'll be the first to

You know I'll be the first to admit that there may be a reason to end the Fed. However what I'd really like to know is if someone could explain to me directly how the Fed or the Fed policies contributed to this crisis. A lot of arguments on us adopting a new Bank of the United States seem to mostly be rhetorical and based on the idea that the federal government should have direct control over the money supply.

 

I'm not necessarily against this, but unless ending the Fed is directly necessary or directly helpful towards our overall goals then I think it'd be something best done later. Something worth remembering is that we're collecting all Americans together regardless of ideology, affiliation, etc and proposing broad reforms to our way of life. As Sagan said: Extraordinary claims require extraordinary evidence. So every time we propose a change we need a case just as strongly built around why that change is necessary and will benefit us all. The bigger the change the more evidence we need.

This is why I'd rather we stick to process reforms myself like campaign finance and keep strictly to anti-corruption changes. However if the Fed's continued existence directly enables or eases such things then we definitely do need to address it. But otherwise including it in our first list of demands will only serve to make reforms more difficult. We must pick and choose our battles after all. :)

A Plea for Process Reforms

How much control it has? As in how much it could be screwing us over? Or in how much it IS ACTIVELY screwing us over? Because if the former then it's not quite as urgent as a problem as the crisis we've got right now, and if the latter I'd like to know exactly what it's doing that contributed to the crisis right now. If it's just that the Fed is a kind of scheme to extract profit from government spending then yes that is a problem but not as urgent as one as the dire influence money in politics/courts/media allows.

 

We are at a time when income and wealth is such an influencing factor that the state has compelling interests in regulating economics in new ways and it's not able to steer itself in that direction because corruption has become rampant. We have to first reform the dirty tricks that have allowed politicians to become beholden to outside interests, otherwise it doesn't matter if the problem IS the Fed, you won't ever get anyone elected to office to fix it.

 

This needs to he THE problem of the 99%, because without correct process reforms we'll never be able to break the cycle that allows the institutions of government/law favor those with more economic power than those with less. Just saying.

Pages