Comments on Market Skeptics: Treasury/ESF Interference In US Free Markets

I think that transferring 97% of profits is totall...

2009-07-03T06:04:06.564-07:00

I think that transferring 97% of profits is totally irrelevant, like missing the woods because of the trees. The fact that the FED is owned by the private banks and hence allowed to formulate rules for operation of the banking system is the big money spinner for the banksters. THIS IS THE ROOT OF ALL EVIL and where the FED obeys its master the banksters. Transferring 97% of the profits is really loose change!!
The FED creates and maintains an environment where the banksters can operate with impunity and brazenly to loot the people is the reason for its existence.
So Eric, how on earth do you absolve the FED of any major wrongdoing?!!!!

I repeat again, the Fed is forced by law to transf...

2009-06-25T20:59:26.139-07:00

I repeat again, the Fed is forced by law to transfer all the profits it makes (after deducting expenses) to the Treasury. For a detailed explanation, see the article

http://www.geocities.com/CapitolHill/Senate/3616/flaherty7.html

Please google the relevant facts yourself. It is a joke to claim that the US Treasury is being manipulated by the Fed, when the Treasury receives 100% of all the profits the Fed makes.

Similarly, what good does is do to the Fed if they know the future interest rates if they are forced to hand over every profit they make (again, after expenses) to the US Treasury?

If the private banks belonging to the Federal Reserve System are profiting so much from the monopoly to issue money, how does it come that all these banks are bankrupt and require a bailout by the US Treasury?

Eric is right. The US Treasury is running the show. The Fed is only smoke and mirrors set up to deceive the thoughtless observers.

Anon, The fact that 97% gets turned over is missi...

2009-06-24T01:34:15.876-07:00

Anon,

The fact that 97% gets turned over is missing the point. Just the power to know where interest rates are going to go would make you a billionaire in no time. The Fed is a lot more powerful than that.

I never said they own anyone, but they sure as hel...

2009-06-24T00:07:13.267-07:00

I never said they own anyone, but they sure as hell have a great deal of influence!

Never heard of the "97%" not sure where you came up with that figure. This is just an offspring of Bank of England, using the same guidelines and bylaws. In fact, Griffen's book shows that Warburg's attendance to the Jeckyll Island meeting was to help model the Fed after the BOE.

But then again, this stuff is way beyond our paygrade... the average person will never know the whole story.

Ron, are you aware of the fact that the Fed must t...

2009-06-23T22:25:40.249-07:00

Ron, are you aware of the fact that the Fed must transfer by law 97% of any interest it collects to the US Treasury? How does this fact support your claim that the Fed owns the US Treasury?

I would have to agree with the previous commenter:...

2009-06-23T19:53:39.317-07:00

I would have to agree with the previous commenter:

The treasury is just an instrument of the federal reserve. There is no true ownership of the treasury, like there is with the federal reserve. Its a shell game."

It's taken these guys over 200 years to corrupt all the major govs of the world through central banks. There operation has always been the same--

1. Get a country in heavy debt
2. Finance its enemy when it can't pay back its debt (war)
3. Create more debt by financing both sides.
4. Take over the resources in the post-war de facto bankruptcy sale

I don't know why you have been siding with this banking mafia lately Eric. Just remember that it's a FOR-PROFIT private institution with a questionable history and secretive ownership...

"PierreLegrand said... Does this mean that the Go...

2009-06-23T18:38:41.448-07:00

"PierreLegrand said...
Does this mean that the Government can continue to hold the price of gold down? Or is the collective will of the people more powerful than the collective of crooks holding it down?

"

The ponzi scheme is over and printing money can't move as fast as money moved when the ponzi scheme was running. So No, the Govt. can not continue to hold the price of gold down, just as they can't continue to hold the price of stocks and bonds up thus failing to keep borrowing costs down and leaving the people to see the govt. has failed and that the money they need will have to be generated by their own business(that means rising prices).

The guy in the PPT article says "their money source is unlimited (they can print up as much as they wish). "

They can print as long as they want but they can't print as fast as they want and this isn't a long distance race, it's more like a short dash and defaults are the hare while the printing presses are the tortoises. The PPT will loose the race, it's already loosing it. Electronic moves faster than tangible.

really, you would like us to believe that it is th...

2009-06-23T18:15:42.512-07:00

really, you would like us to believe that it is the Treasury, and not the FED, behind all the monetary corruption. Nice try, but I don't buy it.

If you are saying the Treasury, a goverment institution, is more powerful than a central bank than that would be a first. Private instituions, companies (private and public) control the governments, and the gov were designed for these fascist pigs.

The treasury is just an instrument of the federal reserve. There is no true ownership of the treasury, like there is with the federal reserve. Its a shell game.

Nice try, but your punchline stinks. Central banks rule the world over. They are in every country (except maybe two at last count). They control every major currency.

Perhaps you should do a story on the fed, its stakeholders, their affiliations with other organizations and their race, and then get back to us as to the real culprits behind the economic collapse of the world.

Or would you have trouble sleeping at night?

What this shows is that the real economy, people t...

2009-06-23T15:01:36.241-07:00

What this shows is that the real economy, people that do real work such as miners are at the mercy of cynical games by those who do no productive work and pay themselves outrageous salaries and bonuses in the process. May that soon end.

Great article look forward to it's completion, shame about the resident pedant. Message to pedant, please look up the word 'draft' in a dictionary.

"Eric's articles are always full of typos dashxdr....

2009-06-23T08:09:43.062-07:00

"Eric's articles are always full of typos dashxdr."

Yep, but at least the title should be correct, I'd think...

Does this mean that the Government can continue to...

2009-06-23T07:56:38.392-07:00

Does this mean that the Government can continue to hold the price of gold down? Or is the collective will of the people more powerful than the collective of crooks holding it down?

This won't end well.

Eric's articles are always full of typos dashxdr.....

2009-06-23T07:32:10.074-07:00

Eric's articles are always full of typos dashxdr... don't think it matters now. The substance is still there.

I think in your title the word "Interferrance" oug...

2009-06-23T06:12:33.574-07:00

I think in your title the word "Interferrance" ought to be "Interference".