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Mark on FOX: Do theyunderstand economics at all?

February 23, 2010

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  • Sean March 15, 2010 1:27 pm

    The Federal Reserve bank is private in that:
    1 – is is privately owned
    2 – it was privately founded
    3 – it is privately controlled
    4 – it’s profits go to private individuals

    It is public in that:
    1 – The TV tells you it is part of the gov
    2 – most politicians will claim verbally that it is part of the gov
    3 – It has the power of a government.

  • Sean March 15, 2010 1:00 pm

    “Nope. The Federal Reserve is not private.”

    Here Mark once again supports the big lie. Amazing in the age of the internet where people can fact check the propaganda put out by media information controllers, that people would still fall for such obvious un-truths.

    Unlike Mark, I will now actually provide some actual insight into the question at hand in the form of some thought provoking quotes:

    “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford

    “The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.” — Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

    “The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.” — Congressman Louis T. McFadden (Rep. Pa)

    “Some [Most] people think the Federal Reserve Banks are the United States government’s institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.” — Congressional Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

    “…the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks.” — Eustace Mullins

    “The Federal Reserve Banks are not federal instrumentalities…” — Lewis vs. United States 9th Circuit 1992

    “The Federal Reserve banks, while not part of the government,…” — United States budget for 1991 and 1992 part 7, page 10

    “From now on, depressions will be scientifically created.” — Congressman Charles A. Lindbergh Sr. , 1913

    “The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” — Charles A. Lindbergh Sr., 1923

    “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.” — Thomas Jefferson, U.S. President.

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson, after signing the Federal Reserve into existence

  • Mark Levine March 1, 2010 5:43 pm

    Nope. The Federal Reserve is not private. It’s an independent agency, a majority of which is made up of Presidential appointees.

    And it’s far preferable to having a few wealthy industrialists control the entire American money they supply as they did a century ago.

    The banks don’t need stimulus right now, but the economy does…everything from infrastructure to aid to states to public works programs, just like in the New Deal.

  • Sean February 25, 2010 9:34 pm

    Mark said, “I think we need another stimulus package”

    Here he proves without a shadow of a doubt that he has total contempt for the American people. Polls have shown that the banker bill was one of the least popular acts of the District of Columbia of all time.

    Please please please people try and understand. This is not “stimulus”. That would suggest that the money was slated to go into our economy to stimulate it to grow again. This is a lie. The money would go into the hands of private bankers. Just like the banker bill. We can see what they did with all that money, and some are even now in trouble for it.

    I agree with Mark on one point. Fox News has no understanding of economics. Both Mark and Fox are in denial when it comes to the nature of the Federal Reserve Bank company.

    This company is PRIVATE. Handing this private company more power over our economy is a bad idea.