Yo every week we should have a Higher Learning "Post of the Week"

[OsO]

When it comes to institutions, most of the time the culprit is incompetence not malice.

im curious, what makes you say most of the time its incompetence and not malice?

 

[OsO]

this link gives a good breakdown. Any familiar names? Heh. And Paul Warburg authored the fed reserve basically, who was a german nationalist. The rabbit hole goes deep.

Who owns the Fed?

and nobody wants to address this? are we fact checking or are we ignoring?

this is about private banking interests and their influence on the fed, lets not fall asleep at the wheel now...

 

[Dusty Bake Activate]

and nobody wants to address this? are we fact checking or are we ignoring?

this is about private banking interests and their influence on the fed, lets not fall asleep at the wheel now...

Fact check what? Some stupid ass bullshyt diagram drawing imaginary lines and playing a 6 degrees of Kevin Bacon game with various corporations in a failed attempt to somehow prove that some nefarious secret banking elite controls everything from some crackpot website called "save-a-patriot.org"?



Once again, monetary policy is set by the presidentially appointed Board of Governors and the Fed system is made up of the Board of Governors, the 12 regional Fed banks, and their member banks.

http://www.the-coli.com/1826652-post7.html

 

[OsO]

Fact check what? Some stupid ass bullshyt diagram drawing imaginary lines and playing a 6 degrees of Kevin Bacon game with various corporations in a failed attempt to somehow prove that some nefarious secret banking elite controls everything from some crackpot website called "save-a-patriot.org"?



Once again, monetary policy is set by the presidentially appointed Board of Governors and the Fed system is made up of the Board of Governors, the 12 regional Fed banks, and their member banks.

http://www.the-coli.com/1826652-post7.html

at the bottom it says:

** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.

have you checked this source?

didnt think so...

i tell you what vic, i think we're all familiar with your stance:

Once again, monetary policy is set by the presidentially appointed Board of Governors and the Fed system is made up of the Board of Governors, the 12 regional Fed banks, and their member banks.

http://www.the-coli.com/1826652-post7.html

and private banking interests do not have control of the fed, and also you agree with most of the fed's monetary policies... we gotcha. now why dont you sit the rest of this one out champ

 

[OsO]

and while we're at it let's look at the following... i need yall to walk with me for a minute...

so the original federal reserve act evolved from the Aldrich Plan, named after this man:

Nelson W. Aldrich - Wikipedia, the free encyclopedia

a little tidbit about our good friend nelson aldrich:

"He was a party to the re-structuring of the American financial system through the institution of the federal income tax amendment, which he originally opposed, and the Federal Reserve System. He stated that he believed these reforms would lead to greater efficiency. Aldrich became wealthy with investments in street railroads, sugar, rubber and banking. His son Richard Steere Aldrich became a U.S. Representative, and his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son and his grandson Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford."

so sun married into the rockerfeller family lol... no i am not making this up. but it gets better.

the legislation proposed by aldrich supposedly gave too much power to private interests, so it kept getting rejected in congress.

this led to them putting more public control over certain aspects in the form of the federally appointed board of governors, and gave congress oversight powers, etc. this made the bill more acceptable to congress.

Federal Reserve Act - Wikipedia, the free encyclopedia

"Since the Aldrich Plan essentially gave full control of this system to private bankers, there was strong opposition to it from rural and western states because of fears that it would become a tool of certain rich and powerful financiers in New York City, referred to as the "Money Trust".[4] Indeed, from May 1912 through January 1913 the Pujo Committee, a subcommittee of the House Committee on Banking and Currency, held investigative hearings on the alleged Money Trust and its interlocking directorates. These hearings were chaired by Rep. Arsene Pujo, a Democratic representative from Louisiana.[5]"

so there was a government investigation into what was known at the time as the Money Trust.

The Pujo Committee was formed to investigate the Money Trust.

"The Pujo Committee was a United States congressional subcommittee which was formed between May 1912 and January 1913 to investigate the so-called "money trust", a community of Wall Street bankers and financiers that exerted powerful control over the nation's finances. After a resolution introduced by congressman Charles Lindbergh Sr. for a probe on Wall St. power, Arsène Pujo of Louisiana obtained congressional authorization to form a subcommittee of the House Committee on Banking and Currency."

here's a little excerpt on what the pujo committee concluded:

"the Pujo Committee Report concluded in 1913 that a community of influential financial leaders had gained control of major manufacturing, transportation, mining, telecommunications and financial markets of the United States. The report revealed that no less than eighteen different major financial corporations were under control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker’s Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer’s Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws.

The Pujo Report singled out individual bankers including Paul Warburg, Jacob H. Schiff, Felix M. Warburg, Frank E. Peabody, William Rockefeller and Benjamin Strong, Jr.. The report identified over $22 billion in resources and capitalization controlled through 341 directorships held in 112 corporations by members of the empire headed by J.P. Morgan.[2]
"

this is not the statement of a conspiracy theorist website, this statement is in an official report coming from a congressional body that was instructed to investigate wall street and big business.

you can read the full text of the Pujo Committe Report here:
Pujo Committee Report - Report of the Committee Appointed Pursuant to House Resolutions 429 and 504 : 1912-1913 Pujo Committee Report

if you dont wanna read the whole thing just look at the table of contents and the intro and you'll get a good idea of the fukkery going on. it talks about how the banks wouldnt allow access to information even when directed to by the government, it talks about the interlocking leadership structures of all these different companies, all kinds of stuff.

this is obviously very relevant to our conversation... so anyone care to share their feelings on the pujo committee and the implications it has on the idea of private banking interests dominating the agenda of the federal reserve and the govt?

_ _ _ _ _ _ _ _ _ _ _


it seems to me that everything from the facts, to the real life effects of the policies, to historical context is all pointing towards intentionally malicious leadership.

the only thing that doesnt support the idea of intentionally malicious leadership are the written texts of the policies themselves, and the empty rhetoric of the politicians. neither of which, as we all know, hold any weight whatsoever.

should change the scope of our conversation should it not? @The Esposito Himself, @thekingsmen, @Princepality of Zeon, @She Agree That I'm Looney, @Meta Reign, @Gallo, @alybaba, @zerozero

honestly, i just want to have an open, honesty dialogue about what is happening here, because it seems to me we are all being affected by this...

because i think at the very minimum we can all agree our current economic trajectory is unsustainable. so what does that mean for us and our families when our country reaches the end of that "sustainability?"

we betta be under the umbrella or we gonna get rained on...

 

[Dusty Bake Activate]

at the bottom it says:

** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.

have you checked this source?

didnt think so...

Why yes I have. Did you? Would you like a link? Here it is. http://adabyron.net/FederalReserveDirectors.pdf

It say nothing of the sort about Rothschilds or Bank of England secretly owning or controlling the Fed or any of that bullshyt on that stupid captain save a patriot or whatever website. But I know you don't read anything that's longer than 5 sentences anyway.

i tell you what vic, i think we're all familiar with your stance:



and private banking interests do not have control of the fed, and also you agree with most of the fed's monetary policies... we gotcha. now why dont you sit the rest of this one out champ

You don't seem to understand that someone can dismiss silly conpiracies, myths, untruths, and halfway truths surrounding an entity without being a cheerleader for that entity.

I never said private banking interests have no control over the Fed. I also never said I agree with most of the Fed's policies overall. I said I do agree with some of their actions taken to remedy to the economy since the great recession, but I have also pointed out that their policies in the 90's and 00's under Greenspan were one of the prime reasons as to why the great recession happened in the first place.

Why don't actually try to learn what the Fed is, how it works, and what it does before you type your next post instead of relying on paranoia and retarded conspiracy videos and and websites like the one you just praised?

Have you ever thought about the fact that there are several posters here who have studied the Fed, who come from a wide range of ideologies and do no agree with each other about economics, but they all agree you don't know what you're talking about? What does that tell you?

 

[NkrumahWasRight Is Wrong]

You do realize that the people implicated with the fed have the ability to hide their connecting trails rather easily right?

Believers in the integrity of the fed largely group criticisms of said integrity into overarching groups of lunacy that doesnt hold the burden of truth, yet they dont even know who Paul W. Was...

 

[Dusty Bake Activate]

You do realize that the people implicated with the fed have the ability to hide their connecting trails rather easily right?

Believers in the integrity of the fed largely group criticisms of said integrity into overarching groups of lunacy that doesnt hold the burden of truth, yet they dont even know who Paul W. Was...

Oh, that's it. The Rothschilds and Bank of England and all these evil secret Illuminati types or whatever really do control the Fed but they delete every trace of it. And you know that to be the case, just because.

I got a simple question for you. Ben Bernanke is the top man at the Fed. His dad was a pharmacist and his mom was a teacher. He grew up pretty well off in a small town in South Carolina, but obviously not into wealth and privilege. He worked as a waiter at South of the Border (dudes who live in the southeast know what that is) while he was in college.

Bernanke isn't some blue-blood elite with a lineage from any banking family. He's just a math genius who excelled academically. So how did he end up as Chairman of the Fed? Let me guess, he's just a puppet?

 

[NkrumahWasRight Is Wrong]

Oh, that's it. The Rothschilds and Bank of England and all these evil secret Illuminati types or whatever really do control the Fed but they delete every trace of it. And you know that to be the case, just because.

I got a simple question for you. Ben Bernanke is the top man at the Fed. His dad was a pharmacist and his mom was a teacher. He grew up pretty well off in a small town in South Carolina, but obviously not into wealth and privilege. He worked as a waiter at South of the Border (dudes who live in the southeast know what that is) while he was in college.

Bernanke isn't some blue-blood elite with a lineage from any banking family. He's just a math genius who excelled academically. So how did he end up as Chairman of the Fed? Let me guess, he's just a puppet?

I dont claim to know the perspective of who hired him but im assuming he was given the position based on his mathematical acumen and ability to practically apply it, in addition to his ability to communicate said application. From my understanding of things, Bernanke doesnt stand as a primary benefactor of the application however, which is why he is in the forefront.

And they cannot delete the trail, but they can certainly muddy it. Rothschild is one of many though a very significant one at that.

 

[OsO]

Why yes I have. Did you? Would you like a link? Here it is. http://adabyron.net/FederalReserveDirectors.pdf

It say nothing of the sort about Rothschilds or Bank of England secretly owning or controlling the Fed or any of that bullshyt on that stupid captain save a patriot or whatever website. But I know you don't read anything that's longer than 5 sentences anyway.

did you even see all the elite banking families mentioned in that congressional report i posted?

plus a quick skim of the .pdf you posted found David Rockerfeller's name on page 49 as a stakeholder, and also rockerfeller family associates.

do i need to explain the connection between the rockerfeller's and the rothchilds?

the .pdf you posted also states this on page 120:

CORPORATE INTERLOCKS WITH RESERVE BANKS
The Tables which follow illustrate the ties between giant corporations and the Federal
Reserve banks and their branches.
13
It is clearly evident, again, that the; Federal Reserve System is
dominated by a very small universe of private institutions.
Though Table 1 includes both the first and second 500 largest industrial corporations from the Fortune Magazine rankings, the first 500 predominate.
Tables 2 thorugh 5 indicate that life insurance companies are very evident in Boston; utilities in the South, Midwest and the West Coast; retailing firms in the Boston-New York-Cleveland corridor; and transportation, especially railroads, is heavy in the West. Table 6 suggests that multibank holding companies are especially prevalent in the South and the Minneapolis bank-areas of the country where holding company operations have developed
rapidly. Twelve of the 35 problem banks on the list published in January of this year were in the South.

Many of the companies on these tables, as mentioned earlier, have multiple interlocks to the Federal Reserve System. FirstBank Systems; Southeast Banking Corporation; Federated Department Stores; Westinghouse Electric Corporation; Proctor & Gamble Company; Beatrice Foods Company;
United Aircraft Corporation; Alcoa; Honeywell, Inc.; Kennecott-Copper; Owens-Corning Fiberglas Corporation; all have two or more director ties to district or branch banks.

In summary, the Federal Reserve directors are apparently representatives of a small elite group which dominates much of the economic life of this nation.

 

[OsO]

Why yes I have. Did you? Would you like a link? Here it is. http://adabyron.net/FederalReserveDirectors.pdf

damn did you even read through that document?

it basically says the entire structure of the federal reserve system shares it leadership with the top corporations and banks in the US, and it lists the names of the individuals in question and the names of the corporations.

so can we finally agree that the federal reserve is only a public entity on paper and not in practice?

 

[Dusty Bake Activate]

did you even see all the elite banking families mentioned in that congressional report i posted?

plus a quick skim of the .pdf you posted found David Rockerfeller's name on page 49 as a stakeholder, and also rockerfeller family associates.

do i need to explain the connection between the rockerfeller's and the rothchilds?

the .pdf you posted also states this on page 120:

CORPORATE INTERLOCKS WITH RESERVE BANKS
The Tables which follow illustrate the ties between giant corporations and the Federal
Reserve banks and their branches.
13
It is clearly evident, again, that the; Federal Reserve System is
dominated by a very small universe of private institutions.
Though Table 1 includes both the first and second 500 largest industrial corporations from the Fortune Magazine rankings, the first 500 predominate.
Tables 2 thorugh 5 indicate that life insurance companies are very evident in Boston; utilities in the South, Midwest and the West Coast; retailing firms in the Boston-New York-Cleveland corridor; and transportation, especially railroads, is heavy in the West. Table 6 suggests that multibank holding companies are especially prevalent in the South and the Minneapolis bank-areas of the country where holding company operations have developed
rapidly. Twelve of the 35 problem banks on the list published in January of this year were in the South.

Many of the companies on these tables, as mentioned earlier, have multiple interlocks to the Federal Reserve System. FirstBank Systems; Southeast Banking Corporation; Federated Department Stores; Westinghouse Electric Corporation; Proctor & Gamble Company; Beatrice Foods Company;
United Aircraft Corporation; Alcoa; Honeywell, Inc.; Kennecott-Copper; Owens-Corning Fiberglas Corporation; all have two or more director ties to district or branch banks.

In summary, the Federal Reserve directors are apparently representatives of a small elite group which dominates much of the economic life of this nation.

damn did you even read through that document?

it basically says the entire structure of the federal reserve system shares it leadership with the top corporations and banks in the US, and it lists the names of the individuals in question and the names of the corporations.

so can we finally agree that the federal reserve is only a public entity on paper and not in practice?

What exactly is your point? What are you telling us that we don't already know? The heads of the 12 regional banks and the member banks are obviously by definition people at the higher level of the banking industry. This is public record.

That doesn't support any of this crapspiracy stuff about the Fed actually being controlled and policy dictated by these shadowy, nefarious characters who have malicious intent. The Board of Directors make monetary policy. Are they influenced by private interest? Of course. But that's just like how Congress and the executive branch is influenced by private interests. So no, we can't agree with the bolded. It is a not public on paper and private in practice. It's a public-private system on paper and in practice.

You're operating from your unsubstantiated assumption that there are these evil super-villains who are secretly plotting to destroy and trying to work your way backwards and fill in the blanks. If you think they're secretly trying to destroy the economy, that's the dumbest shyt ever because nobody benefited from all the lost revenue of the 2008 financial collapse. Why would financial elites try to engineer a financial collapse? Did dikk Fuld and Angelo Mozillo, obviously elites plan to end up filing bankruptcy?

The hazard is Fed policy being FLAWED, not malicious.

Monetary policy is only one component anyway. The crisis was a failure of fiscal and regulatory policy as much as it was a failure of monetary policy. This whole secret conspiracy bullshyt falls apart when you actually study macroeconomic policy and see the logic behind the policy decisions. For instance, Paul Volcker raised interest rates in the late 70's to tackle stagflation. Alan Greenspan kept interest rates low and shunned regulation because of a flaw in his Randian ideology, which he later admitted. Bernanke has been keeping rates at near 0 and expanding the money supply through quantitative easing and financing of government debt in order to stimulate the economy, clean up toxic assets, and increase liquidity. And it's been working.

So if you actually start to study economics, you'll realize all this conspiracy crap is nonsense. NOBODY knowledgeable in the field of economics believes in any of that horseshyt. There's no surprise that there are no Fed conspiracy theorists in academia.

 

[OsO]

What exactly is your point? What are you telling us that we don't already know? The heads of the 12 regional banks and the member banks are obviously by definition people at the higher level of the banking industry. This is public record.

That doesn't support any of this crapspiracy stuff about the Fed actually being controlled and policy dictated by these shadowy, nefarious characters who have malicious intent.

but they are not shadowy characters at all. in fact everything is done quite out in the open and behind computer screens by "legitimate" men in suits and ties with official titles.

i think youre grouping me in with what you perceive as conspiracy theorists who believe there is some secret cabal running things behind the scenes. but that is far from my belief because i see the gangsters in suits doing things very publicly and out in the open on a daily basis. no need to create an invisible boogeyman when several visible boogeymen exist.

one thing we do disagree on is if it's malicious intent behind their irresponsible actions or not.

but even that is almost a moot point because the thing we agree on is theyre doing a shytty job, and their policies have a strong tendency to favor the few rich over the many who are not. so whether it's maliciousness or incompetence either way they should be replaced.

The Board of Directors make monetary policy. Are they influenced by private interest? Of course. But that's just like how Congress and the executive branch is influenced by private interests. So no, we can't agree with the bolded. It is a not public on paper and private in practice. It's a public-private system on paper and in practice.

but the so called public components are not behaving like public components, thats what im tryna get you to see. our government in general is not acting like a public entity with the people's best interest at heart, it is acting like the enforcement wing of finance, military, and big business.

You're operating from your unsubstantiated assumption that there are these evil super-villains who are secretly plotting to destroy and trying to work your way backwards and fill in the blanks. If you think they're secretly trying to destroy the economy, that's the dumbest shyt ever because nobody benefited from all the lost revenue of the 2008 financial collapse. Why would financial elites try to engineer a financial collapse? Did dikk Fuld and Angelo Mozillo, obviously elites plan to end up filing bankruptcy?

actually youre operating from your unsubstantiated assumption that i believe the bold.

i dont think theyre trying to collapse the economy. i think certain entities and organizations are trying to secure as much wealth and power as they can for themselves, and it's having a detrimental effect on the rest of the economy.

The hazard is Fed policy being FLAWED, not malicious.

extremely flawed.

so since theyve been hired to do a job and theyre not doing it very well, maybe we should implement a new system.

Monetary policy is only one component anyway. The crisis was a failure of fiscal and regulatory policy as much as it was a failure of monetary policy.

i certainly agree, there were failures across the board. and there continue to be failures across the board. but it doesnt seem to me that individuals such as yourself are willing or prepared to do anything about it. youre just gonna ride the wave and see what happens... so good luck with that.