[kj] Killing joke and Communism

[GREG SLAWSON]

Thanks for the useful info wise Oliver... I just read a news article about the Fed Reserve giving I think $17 million to bail out the banks, while the US gives $100,000 to the earthquake victims in Peru...> Date: Tue, 21 Aug 2007 21:45:46 -0500> From: bigblackhair at sbcglobal.net> To: gathering at misera.net> Subject: Re: [kj] Killing joke and Communism> > Yeah, I have watched that documentary, From Freedom to Fascism, which is > a right-libertarian wet dream. It basically says the Fed is an arch-evil > agency -- much like the UN's black helicopters to right wing militia > nuts in the 1990s -- that is illegal and un-Constitutional and is > reviled by a lot of "I just hate paying taxes"-type Libertarians for the > wrong reasons.> > In actuality, the Fed head is appointed by the President, if I remember > right, and it acts a lender of last resort to US banks, created to > ensure the Great Depression never happens again and that banks ever run > out of money if there is a big run on banks like there was before the > Great Depression. It is basically a welfare-state creation for banks, > who are the lifesblood of our economic system. It won't allow banks to > fail to such a degree that confidence in US markets is lost and > everything collapses. A nanny state for the business sector.> > The Fed also has an unsavory policy of wanting to keep unemployment > between 4% and 8% -- which translates to real misery for milliosn of > people, by raising interest rates when unemployment gets too low. When > unemployment gets too low, the theory goes, workers demand higher wages, > and, to keep their cushy salaries and other big perks, executives will > charge consumers more to make up for that. That means higher consumer > prices, which means workers will want more wages -- so up goes inflation.> > One thing the Federal Reserve is NOT is some evil conspiratorial cabal > of financial elites with ties to the Illuminati, or to Jewish > moneylenders, or any of the other thinly-veiled anti-Semitic crap that > has been peddled in some UFO/conspiracy type circles. If you ever see an > article on the web about the Fed Reserve that mentions "the Rothschilds" > or "medieval Jewish financial bankers," skip it. It's bullshit.> > It is, however, a kind of safety net for the banking industry, but it > has a policy of keep 4 to 8% of America's population unemployed at any > given time, so that workers will be more likely to accept less wages.> > -Oliver> > > > Brendan wrote:> > Who owns the Federal Reserve...do a search for that on Google and tell me> > what you believe...lots of conspiracy theories on that one...I'm not sure> > what to believe...some people contend that it's a private corporation, or> > mega-corporation, owned by the banks and banking houses...> >> > http://en.wikipedia.org/wiki/America:_Freedom_to_Fascism> >> > "The central thesis of the film may be that this monetary policy is the> > strongest form of governance that has ever existed, and is central to the> > unconstitutional, global power ambitions of the interests that supposedly> > control the Federal Reserve."> >> >> > \> >> > > > _______________________________________________> Gathering mailing list> Gathering at misera.net> http://four.pairlist.net/mailman/listinfo/gathering
_________________________________________________________________
Recharge--play some free games. Win cool prizes too!
http://club.live.com/home.aspx?icid=CLUB_wlmailtextlink
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://four.pairlist.net/pipermail/gathering/attachments/20070821/6404d9a2/attachment.html>