The Obama Deception |
Post Reply ![]() |
Page 12> |
Author | ||||
Pinnacle ![]() Forum Moderator ![]() Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
![]() ![]() ![]() ![]() Posted: 31 Aug 2009 at 8:56pm |
|||
LMAO! Could you imagine what would happen if Congress, especially Pelosi, ran the Fed? We'd be a 3rd World country. Good points Fluffy. Let's have a chat sometime about finance. That's my cup of tea also. It'd be interesting to have some PSN chats about something other than UT3. |
||||
![]() |
||||
![]() |
||||
ournemesis ![]() Team iAM ![]() Joined: 14 Jun 2009 Online Status: Offline Posts: 244 |
![]() ![]() ![]() ![]() |
|||
Interesting forum topic sickboogiemurder , and great post replies everyone . I truly enjoyed it
![]() |
||||
![]() |
||||
![]() |
||||
Fluffy Fluffington ![]() Team Deep ![]() ![]() The Fluffer Joined: 11 Mar 2009 Location: USA Online Status: Offline Posts: 2065 |
![]() ![]() ![]() ![]() |
|||
None of what you said is untrue, that is why I called it a HYBRID body. Fannie Mae and Freddy Mac both are private bodies but also quasi government organizations. In the case of Fannie and Freddy they lean more toward the private end of the spectrum, but HYBRIDS NONTHELESS. All of the things you cited above are part and parcel what make the fed independent. As I said the greater the independence of the FED, or any central bank in ANY NATION, for that matter, the less the likelihood that political considerations mangle incredibly important Monetary policy and therefore the less likely we have crippling inflation. The feds independence, or the lack of oversight as you call it, troubles many. It was the centerpiece of the Thesis in an amazing book published a decade ago called the "Secrets of the Temple". Pinn would you rather have Monetary Policy, the supply of Money, in the hands of Politicians, the likes of say Pelosi, Barney Frank!!! God no! |
||||
![]() |
||||
Pinnacle ![]() Forum Moderator ![]() Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
![]() ![]() ![]() ![]() |
|||
To all above, please read the Federal Reserve Act in it's entirety. This has nothing to do with consipracy theories. If you guys want a more thorough explanation, let me know and I'll send you the description of the Fed. For the record, the Fed is the largest creditor of the US Government. Futhermore, the each branch of the Fed is a registered C-Corp (state of Delaware), with issued shared held by publicly traded business entities. Lastly, the Fed issues dividends. Therefore, the Fed can't be a not-for-profit entity, since it possesses earnings and profits. The Fed is not organized within the Executive, Legislative or Judicial branches of our government.
Who pays the Fed’s bills and determines its budget? Not any part of our government. The Fed gets its funding from its own specially privileged operations. The Fed Board determines Fed budgets. Who monitors and oversees Fed activities? Again the Fed itself. While some important elements of proper auditing have taken place, there has not yet been a comprehensive independent audit, by the Government Accountability Office as proposed to Fed Chairman Ben Bernanke, calling for greater monetary transparency. Federal Reserve Employees are not part of the US Civil Service System and are not covered by government employees’ health insurance or pension programs. Who does the hiring and firing? Except for the highly publicized Chairman and 7 member Washington Board, this is in private, unelected hands. Hope that gives you a little start into the research.
|
||||
![]() |
||||
![]() |
||||
HanFei ![]() Team KmA ![]() ![]() Joined: 26 Apr 2009 Online Status: Offline Posts: 798 |
![]() ![]() ![]() ![]() |
|||
Well said, great read. |
||||
![]() |
||||
Fluffy Fluffington ![]() Team Deep ![]() ![]() The Fluffer Joined: 11 Mar 2009 Location: USA Online Status: Offline Posts: 2065 |
![]() ![]() ![]() ![]() |
|||
Han may be a nuclear engineering student, but when it come to Finance I think i can bring a little something more to the table.
I Have a BS in Economics and Political Science from the University of Wisconsin I've worked in the financial services industry for over 10 years. During that time I've been an Equity Research Analyst for one the worlds largest money management firms in the country, Strong Capital which was bought a few years ago by Wells Fargo. At its peak we managed $40 billion in a**ets. I currently work for a smaller organization in the same capacity. we manage a $1billion mutual fund and a smaller Hedge Fund. Our mutual fund is one of the most successful in terms of performance relative to the market in he country. (you can look up our ticker FMIOX) I am a Chartered Financial Analyst or CFA. Getting this designation requires pa**ing Three levels of rigorous testing over a minimum of three years. The tests are administered once a year and rival if not surpa** the BAR exam. A DEEP UNDERSTANDING OF FINANCE, THE FINANCIAL MARKETS, MICRO AND MACRO ECONOMINCS is imperative in my role. I conduct research all day on individual companies as well as pore over economic data and news using qualitative and quantitative tools. I am NOT a financial planner but an ANALYST, our firms clients are very large institutions. In turn, we are clients of some of the largest and most influential investment banks in the country. Although we do our own research we have access to the research of all the Investment banks we do business with. Those are my credentials Here Goes: The Fed is NOT a private bank, however, it is not a branch of the US government. It is a hybrid institution. The MEMBERS of the Federal reserve SYSTEM are in fact Private Banks, this does not however, make the Fed a private entity. The Chairman of the Federal Reserve is appointed by the president, but he is not a member of the president's cabinet or part of his administration. The term 'Independence' refers to how much autonomy the Fed has in terms of setting monetary policy. an Independent Fed means that monetray policy is set INDEPENDENT of political forces so that monetray policy is not set by pandering politicians. Central Bank INDEPENDENCE is measured across a spectrum. FOR EXAMPLE, THE FED (the term used for the central bank of the United States) is relatively independent when measured against other countries central banks. On the other end of the spectrum is Venezuela, for example. Hugo Chavez appoints a central banker who obeys Chaves' whims. That is central bank with no independence. The EUCB (the European Union Central Bank) is actually considered more Independent that then the FED, but not by a whole lot. This stems from history. The EUCB was modeled after the German Central BANK (the BUNDES BANK) before the unification of European currencies. The German Central bank was considered THE WORLDS MOST INDEPENDENT BANK. this again stems from history. Many historians attribute the rise of Hitler to the economic turmoil during the Weimar Republic. The turmoil was first instigated by the harsh war reparations imposed by the Allies after WWI, but made Much much worse by the actions of the Weimar Republic. To pay their debts, the government Printed Money ... the central bank was not an independent entity and did what the elected officials of the Republic wished, which is Print money, which made their currency worthless. The inflation that created was crippling the economy, actually made it chaotic, which in turn gave the Nazis the opening they needed to gain power. The rate of inflation at one point in 1923 hit 3.25 X 10^6 % per MONTH!!! Thats a doubling of prices every two days! Studies after study has demonstrated that the more independent a nations central bank is, the less inflation exists in the economy. The inflation rate in the United States at its peak recently was never over 5%, mainly driven by oil and other commodities, but in Venezuela inflation peaked at a whopping 36%! Even in the global downturn Venezuela is still experiencing ma**ive hyper inflation. We are in a global economy, Central Banks communicate and coordinate policy (at least the Independent ones in the major developed economies the so called G7) Coordinating policy among independent central banks that are not subject to elected bodies is what gives rise to, in my opinion, the ABSURD conspiracy theories. Yes these central bankers wield a lot of power. Yes they are Relatively independent bodies. Yes, they coordinate Policy. Is this a Conspiracy? absolutely NOT. The alternative is much much worse. Fluffy out. |
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
I should have been less cynical and more descript in my posts. How long have the atomic theory, theory of relativity and quantum theory been around? Have they gone in the complete opposite direction in less than 15 years? In 1975, we were being threatened by global cooling. By 1990, we were beginning to see global warming wheels starting to turn. In the early 80's, aerosol cans were going to spell the end because of an "unrepairable" hole in the ozone layer. Today, that too has been debunked.
I guess what I am saying is that it is hard to give credit to a theory that changes every so often. I won't argue that the earth is warming ever so slightly. Us puny humans are rather full of ourselves to believe that we had anything to do with it.
Hasn't the earth emerged from 7 previous ice ages? How many Republicans, Escalades and aerosol cans around for those?
|
||||
![]() |
||||
![]() |
||||
HanFei ![]() Team KmA ![]() ![]() Joined: 26 Apr 2009 Online Status: Offline Posts: 798 |
![]() ![]() ![]() ![]() |
|||
http://www.ipcc.ch/pdf/a**essment-report/ar4/syr/ar4_syr_spm.pdf
So, we should throw out the theory of relativity, the atomic theory, and the quantum theory because they are theories??? A theory is more like a scientific law than a hypothesis. A theory is an explanation of a set of related observations or events based upon proven hypotheses and verified multiple times by detached groups of researchers. One scientist cannot create a theory; he can only create a hypothesis. All of these theories are well documented and proved beyond reasonable doubt. Yet scientists continue to tinker with the component hypotheses of each theory in an attempt to make them more elegant and concise, or to make them more all-encompa**ing. Theories can be tweaked, but they are seldom, if ever, entirely replaced. http://www.wilstar.com/theories.htm |
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
George Bush did it. The same machine he used to change the weather in N.O. was used to turn Alan Greenspan into Alan Alda.
|
||||
![]() |
||||
![]() |
||||
iAM_NotImpressed ![]() Team iAM ![]() ![]() iAM Warfare Co-Captain Joined: 08 Nov 2008 Location: OC in CA Online Status: Offline Posts: 156 |
![]() ![]() ![]() ![]() |
|||
too lazy to multi-quote.
the only things of any intellectual interest is the information on the Fed. On a side note, Alan Greenspan was viewed as the greatest economic mind for 20 years as the Fed chairman. Now, everyone thinks he did everything wrong. Discuss.
|
||||
The worst of the best.
PS3 = YLOD |
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
Why?
|
||||
![]() |
||||
![]() |
||||
iAM_NotImpressed ![]() Team iAM ![]() ![]() iAM Warfare Co-Captain Joined: 08 Nov 2008 Location: OC in CA Online Status: Offline Posts: 156 |
![]() ![]() ![]() ![]() |
|||
oh my jesus. i feel dumber for having read any of this.
at least it wasn't in the "i'm so smart" sub-forum.
|
||||
The worst of the best.
PS3 = YLOD |
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
I hope these aren't the same scientists that came up with global cooling. Besides, it is all theory at this point.
|
||||
![]() |
||||
![]() |
||||
HanFei ![]() Team KmA ![]() ![]() Joined: 26 Apr 2009 Online Status: Offline Posts: 798 |
![]() ![]() ![]() ![]() |
|||
Intergovernmental Panel on Climate Change releases yearly peer reviewed reports from scientists around the world. This is neither political, bad science, nor pseudoscience.
http://www.ipcc.ch/ Thermite and other 9/11 theories explained. http://www.debunking911.com/thermite.htm |
||||
![]() |
||||
SickNviciouS ![]() AdReNaLiNe RuSh ![]() ![]() Joined: 05 Nov 2008 Online Status: Offline Posts: 1883 |
![]() ![]() ![]() ![]() |
|||
I burn the following each month:
800 gallons of diesel in the boat - important work related trips ;-)
132 gallons of gas in the truck - getting to the boat and back
70 gallons of gas in the car - have no idea where she goes with that thing, but burns the gas
1 propane tank for the BBQ - I gotta eat
**Carbon Credits wanted**
|
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
Keep up the good work!
|
||||
![]() |
||||
![]() |
||||
Pinnacle ![]() Forum Moderator ![]() Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
![]() ![]() ![]() ![]() |
|||
Cokken, to help global warming, I BBQ ever day. I hate those cows that keep screwing it up for all of us with cars that get 12 mpg.
|
||||
![]() |
||||
![]() |
||||
COKKENBALLS ![]() Godlike Member ![]() ![]() Joined: 05 Dec 2008 Location: Here and there Online Status: Offline Posts: -998930 |
![]() ![]() ![]() ![]() |
|||
Anyone who knows me, knows that I am not a fan of Obama. However, that does not keep me from thinking objectively. Did anyone see the Loose Change Conspiracy Video about 911? I liken this vid to that. I don't give much credence to conspiracy theories. There is one commonality among them all. They take a handfull of coincedences and conjecture and present them as irrefutable evidence that something horrible is going on. Completely ignoring the mountain of evidence to the contrary. In regards to Global Warming, it's just another fallacy that has been politicized to death. In the 70's it was Global Cooling that the left was terrorizing us with. http://www.denisdutton.com/cooling_world.htm Now, you look @ wikipedia and it is looked at as pure conjecture. Just 30 years later, we have the Global Warming scare. Will we look back on this latest theory as conjecture? I believe so. What will be the next manufactured natural disaster? Al Gore said when he was in office that we had 10 years before there was no turning back. We have surpa**ed those 10 years. Since the high priest at the church of global warming says we beyond the point of no return. Why do we still argue this issue? Perhaps it's because the left terrorizes us with global warming the same way the right terrorizes us with imminent terror attacks. Lastly, I would like to hear from all of you that believe the Aesop fable we call global warming. I'd like to hear what you personally are doing to help save the earth. Cheers. |
||||
![]() |
||||
![]() |
||||
sickboogiemurder ![]() Ultra Member ![]() ![]() Joined: 03 Jan 2009 Location: Sacramento,CA Online Status: Offline Posts: 540 |
![]() ![]() ![]() ![]() |
|||
Ok so I don't agree with what Helscream is saying completely but let me throw my opinion in here, Global Warming is happening but once again I'm going to say it's not because of mankind. The point the video is trying to make is that they are trying to deceive us into thinking it is our fault so that we will see some light in this ma**ive lie. Deceive by definition means to mislead by a false appearance or statement; delude. That's exactly what they are doing right now by saying that it is all our fault that the Earth is warming up when in reality The main reason the Earth is starting to warm up is because of the suns spots that are apearing on the sun over the last decade. If you don't believe then go look it up see how many sun spots have appeared in the last few years. How do we effect the Sun? We don't, the Sun is like "God" it gives life to this planet, it also has the power to take it away, it's basically natural selection. It has been proven that these maximuns heats and minimums heats have already happened, before on Earth before there were all these vehicles and over populated areas were here. It's has been shown that astronomical events also affect the other planets not only ours. Saying Global Warming is a fruad isnt saying Global warming is fake its saying it is a fraud. Fraud by definition deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage. They aren't trying to disprove it they are trying to open up peoples eyes as to the true reason we are heating up.
One thing, how is a cattle flatulence tax going to help Global Warming?
|
||||
![]() |
||||
sickboogiemurder ![]() Ultra Member ![]() ![]() Joined: 03 Jan 2009 Location: Sacramento,CA Online Status: Offline Posts: 540 |
![]() ![]() ![]() ![]() |
|||
I guarantee you they, they being the Fed, are as bad and powerful as that movie make them out to be. Anyone who continues to follow them blindly, as most of our population does, will be smited for their ignorance. The fact that the North American Union exists and has been kept out of the public eye, is proof of how powerful they are, and documentation of things have said is proof as to how bad they are. Other countries have already gone through this and were broken down easily, America is here to fight we wont just sit back and let them do what they want and they know that. It's the main reason not many people know about things like the North American Union, The Bank of the World, and The Elite Shadow Governments that exist. But thanks to some of the top investigative journalists, their lies have been brought to the surface. Most people don't want to believe these things, because of this blanket of deceit that has been spread across the world, but how can you deny them when these predictions have already started to come true, when there is proof of their power. They don't want us to know their true motives because if we did, they know that people would revolt. They have done a brilliant job on keeping us in the dark but that is over now and I'll repeat what earlier anyone who continues to follow them blindy WILL be smited for their ignorance it is inevitable. |
||||
![]() |
||||
TuNA FISh ![]() Team QnL ![]() ![]() QnL Captain Joined: 02 Jul 2009 Location: Bham, Alabama Online Status: Offline Posts: 2994 |
![]() ![]() ![]() ![]() |
|||
okay man, of course the sun has an effect on the earths temperature. but are you kidding me? you can prove to me global warming is a fraud? go ahead, prove it. i'm not trying to start an argument, i am just interested in what you have to say.
|
||||
The sun was high and so was I
- Best Coast psn: HardhatTuna XBL: Tuna is QnL |
||||
![]() |
||||
TuNA FISh ![]() Team QnL ![]() ![]() QnL Captain Joined: 02 Jul 2009 Location: Bham, Alabama Online Status: Offline Posts: 2994 |
![]() ![]() ![]() ![]() |
|||
lol my bad. i won't do it again, me lord.
|
||||
The sun was high and so was I
- Best Coast psn: HardhatTuna XBL: Tuna is QnL |
||||
![]() |
||||
Helscream ![]() Team iAM ![]() ![]() Joined: 02 Feb 2009 Location: Dallas,TX Online Status: Offline Posts: 227 |
![]() ![]() ![]() ![]() |
|||
Believe it or not, the Sun actually has everything to do with Earths tempature. Sun Spot's actually have alot to do with what the Earth is going to be like in terms of tempature. The one thing i can add to this argument is how Al Gore, and the carbon tax is all complete bull****. Global harming is a political theme set up to sucker people. The Sun has everything to do with the Earth's Tempature, not humans. And if you to contest on this, i will prove to everyone undoubtly that Global Warming is bull****, and the carbon tax that Nations around the world want to enforce is literally a phony act put up to steal peoples money. |
||||
![]() |
||||
![]() |
||||
sickboogiemurder ![]() Ultra Member ![]() ![]() Joined: 03 Jan 2009 Location: Sacramento,CA Online Status: Offline Posts: 540 |
![]() ![]() ![]() ![]() |
|||
Why are you in here laughing at me? What do you have to add to this arguement? So far you haven't contributed anything, so you're only in here to criticize people? Go to the Fist's of Fury thread and have at it, but keep your useless BS out of this thread please.
|
||||
![]() |
||||
TuNA FISh ![]() Team QnL ![]() ![]() QnL Captain Joined: 02 Jul 2009 Location: Bham, Alabama Online Status: Offline Posts: 2994 |
![]() ![]() ![]() ![]() |
|||
i do not agree with you at all. everyone knows that the earth goes through cycles, but we are speeding up the process.
and did you say global warming was caused by sun spots? LMAO everyone always has to disagree, even if the facts are right in front of them. you probably think water vapor is another reason why the earth is heating up. i agree with hanfei
|
||||
The sun was high and so was I
- Best Coast psn: HardhatTuna XBL: Tuna is QnL |
||||
![]() |
Post Reply ![]() |
Page 12> |
Forum Jump | Forum Permissions ![]() You cannot post new topics in this forum You cannot reply to topics in this forum You cannot delete your posts in this forum You cannot edit your posts in this forum You cannot create polls in this forum You cannot vote in polls in this forum |