Not that anyone cares what I think, but if there was one thing I could change, it would be ending the FED.
All agencies have powers and effect policies, none with such leverage as the FED, none that can perniciously harm so many in the service of so few. And none with less of a rationale to exist than the FED.
It's rationale is so flimsy that its legal fiction is it is a private organization, a private banking organization. This was necessary in 1913 since no sane person has ever argued the State should have a role in money or participate in "interest." For powers-that-be agents to put the enabling legislation through, it was necessary to dress it up as non-governmental. To this day the twelve regional super-banks are .org, eg http://www.stlouisfed.org/ , whereas the headquarters is .gov, http://www.federalreserve.gov/. As you get closer to the powers-that-be, its true nature begins to be revealed.
Our democracy is a front for the FED (the bankers), the oil business, and the intel communities and violence franchise protecting it all. It cannot be changed, because when real change comes, say Kennedys, MLKing, Lennon, even a Geo Wallace, he gets shot. All by a lone nut. If you believe that, then you necessarily accept democracy cannot work because of the lone nut. But essentially a democracy allows people to vote to replace the fishing net with the safety net. Dead end that.
The problem on the ground right now is the FED policy of making select bankers unspeakable rich while destroying the middle class by concentrating credit in ever fewer hands, has made the trading price of real estate astronomically high while interest rates make land-banking strategically sound. Empty and expensive, side by side. Misallocation and malinvestment building out infrastructure for demand that will never show. Tear down storefronts to build highrises to house people for entire industries that are unsustainable in a free market.
When the bust comes, it will be real estate that will break furthest fastest. We need the FED banks gone so they cannot facilitate the crushing of any renaissance by witnessing to pretentious claims. No FED means property will redistribute to highest best use.
Feel free to forward this by email to three of your friends.
All agencies have powers and effect policies, none with such leverage as the FED, none that can perniciously harm so many in the service of so few. And none with less of a rationale to exist than the FED.
It's rationale is so flimsy that its legal fiction is it is a private organization, a private banking organization. This was necessary in 1913 since no sane person has ever argued the State should have a role in money or participate in "interest." For powers-that-be agents to put the enabling legislation through, it was necessary to dress it up as non-governmental. To this day the twelve regional super-banks are .org, eg http://www.stlouisfed.org/ , whereas the headquarters is .gov, http://www.federalreserve.gov/. As you get closer to the powers-that-be, its true nature begins to be revealed.
Our democracy is a front for the FED (the bankers), the oil business, and the intel communities and violence franchise protecting it all. It cannot be changed, because when real change comes, say Kennedys, MLKing, Lennon, even a Geo Wallace, he gets shot. All by a lone nut. If you believe that, then you necessarily accept democracy cannot work because of the lone nut. But essentially a democracy allows people to vote to replace the fishing net with the safety net. Dead end that.
The problem on the ground right now is the FED policy of making select bankers unspeakable rich while destroying the middle class by concentrating credit in ever fewer hands, has made the trading price of real estate astronomically high while interest rates make land-banking strategically sound. Empty and expensive, side by side. Misallocation and malinvestment building out infrastructure for demand that will never show. Tear down storefronts to build highrises to house people for entire industries that are unsustainable in a free market.
When the bust comes, it will be real estate that will break furthest fastest. We need the FED banks gone so they cannot facilitate the crushing of any renaissance by witnessing to pretentious claims. No FED means property will redistribute to highest best use.
Feel free to forward this by email to three of your friends.
2 comments:
What would be the perfect money?
Odd question, that. Why do we need perfect money? Why would my opinion matter, it's not up to me. And the FED is not involved in money anyway, its job is currency and interest rates. Only the USMint handles money. Important to keep facts straight.
As close to perfect right now as to money is what people say it is, and people say gold and silver is money, and that is why we have a mint, and had a mint, and the govt activity in currency during only about a half of this country's existence, or none if you buy the legal fiction that the FED is a private entity.
The urgent requirement is to end the legal fiction of the FED and its effect in advancing war, starvation, and wiping out or entire middle classes. Now, I understand there are plenty of people who want to be on the side of the ones who are calling the shots in war, starvation and wiping out middle classes, so they are pro-FED, but not me. I prefer peace and prosperity.
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