Why Take the Power from the Fed?

Steve_A · 11-11-2009, 08:07 PM

Hi Everybody,

In another thread I wrote about how politicians always have underlying reasons as to why they do things. So now we come to the FED and the FDIC. It is being suggested to take the overseeing power from these two entities and hand it to a sort of bank tzar. Why? Centralize the power? Could be. Reduce government? Maybe. How about to get the two off the hook? Probably.

You see if the two are no longer responsible for the banks and how they run and finance themselves, they probably will NEVER be audited. If the FED is relaxing its' ties with the Government, it just becomes another private bank, that could even slip away in the night. The FDIC could just be closed down simply because it was just another government department and nobody will ever know that there is no more money in the kitty.

If Barney Frank is in favor of this latest move, you know that there's something fishy going on.

Best regards,

Steve

orthodoxymoron · 11-11-2009, 09:17 PM

Steve A: You are always so perceptive...especially regarding financial issues...and detecting bs. Auditing the FED might very possibly involve disclosure of the worst kind. It may be a huge Pandora's Box. But somehow...the FED needs to be reigned in...and then fired. This process will probably be very, very messy...but it has to be done.

BTW...I'd love to see you interview George Green regarding economic issues. Hint, hint.

pineal-pilot-in merkabah · 11-12-2009, 10:00 PM

If Barney Frank is in favor of this latest move, you know that there's something fishy going on.

my thoughts also when i heard barny frank talking.. all going to plan for the nwo imo.. jsut the way i see it tho,,,,,,,,

11-11-2009, 08:07 PM	#1
Steve_A Project Avalon Moderator Join Date: Sep 2008 Location: Northeastern Brazil Posts: 1,259	Why Take the Power from the Fed? Hi Everybody, In another thread I wrote about how politicians always have underlying reasons as to why they do things. So now we come to the FED and the FDIC. It is being suggested to take the overseeing power from these two entities and hand it to a sort of bank tzar. Why? Centralize the power? Could be. Reduce government? Maybe. How about to get the two off the hook? Probably. You see if the two are no longer responsible for the banks and how they run and finance themselves, they probably will NEVER be audited. If the FED is relaxing its' ties with the Government, it just becomes another private bank, that could even slip away in the night. The FDIC could just be closed down simply because it was just another government department and nobody will ever know that there is no more money in the kitty. If Barney Frank is in favor of this latest move, you know that there's something fishy going on. Best regards, Steve

11-11-2009, 09:17 PM	#2
orthodoxymoron Avalon Senior Member Join Date: Oct 2008 Location: Lunar Base II Posts: 3,093	Re: Why Take the Power from the Fed? Steve A: You are always so perceptive...especially regarding financial issues...and detecting bs. Auditing the FED might very possibly involve disclosure of the worst kind. It may be a huge Pandora's Box. But somehow...the FED needs to be reigned in...and then fired. This process will probably be very, very messy...but it has to be done. BTW...I'd love to see you interview George Green regarding economic issues. Hint, hint.

11-12-2009, 10:00 PM	#3
pineal-pilot-in merkabah Avalon Senior Member Join Date: Sep 2008 Location: england Posts: 1,153	Re: Why Take the Power from the Fed? If Barney Frank is in favor of this latest move, you know that there's something fishy going on. my thoughts also when i heard barny frank talking.. all going to plan for the nwo imo.. jsut the way i see it tho,,,,,,,,