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<p>[QUOTE="Boss, post: 580250, member: 15110"]Boss: this is a great thread. Tried reading every response, but this one by Vess1 is just very interesting to me. I agree the president does not control the economy. The PRIVATE non government instituion called the Federal Reserve unihibitedly controls the economy. The term "Federal" is intentionally deceptive. In the 1913 the Federal Reserve Act was passed with only 3 congress members present which essentially allowed the Fed Res to be above the law and manipulate our economy as they saw fit by issuing and controlling our currency and credit lines. Interviews with Mr Greenspan on PBS demonstrate that they are complete unregulated private entity. The Federal Reserve has never been audited by any entity or agency whatsoever. Prior to that the Congress had control of monetary policy. They are not a government entity, and are in fact not subject to any laws or any form of regulation. The Reserve is entirely manipulated by Wall Street. The Fed Reserve has been buying up banks as fast as they can, as they are "on sale" by design via the reserve tanking the economy by influencing derugulation of derivatives which caused the bank failures via these "toxic assests" and exotic unstable investments. Mind you this was under the leadership and influence of Paul Summrers and non other than Timothy Guithner who are now throwing blame on AIG and other Lehman Brothers, etc. when in fact they orchestrated this debacle. Two interesting articles accordingly. <a href="http://www.bizjournals.com/phoenix/stories/2008/09/15/daily81.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bizjournals.com/phoenix/stories/2008/09/15/daily81.html" rel="nofollow">http://www.bizjournals.com/phoenix/stories/2008/09/15/daily81.html</a></p><p> </p><p><a href="http://www.sanjuanislander.com/columns/brandt/part-2.shtml" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sanjuanislander.com/columns/brandt/part-2.shtml" rel="nofollow">http://www.sanjuanislander.com/columns/brandt/part-2.shtml</a></p><p> </p><p>The Fed reserve over a period of time slowly bought up Fortune 500 companies, and if companies refused they would sick the Feds on them to investigate them for alleged violations. The repeal of the Glass-Stegal Act of 1933 (<a href="http://en.wikipedia.org/wiki/Glass-Steagall_Act" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Glass-Steagall_Act" rel="nofollow">http://en.wikipedia.org/wiki/Glass-Steagall_Act</a>) allowed the Banking industry to buy up toxic debts from 1999 onward under Clinton. The was accomplished by the <i><b>Gramm-Leach-Bliley Act. </b>This essentially allowed Banks to do whatever they wanted and form huge mergers and take overs of other banks creating unregulated monopolies.</i></p><p> </p><p><i>What people should consider is that the current downward spiral we are in is not random or accidental but in fact, by design. Henry Kissinger is a very powerful proponent of the new world order as is our current president. Consider this speech to Germany in 2008 in which Obama used these phrases:</i></p><p> </p><p><font size="3"><font face="times new roman">His speech reeked of phrases such as, "<b><i>global citizenship [which] binds us together.</i></b>"</font></font></p><p> </p><p><font size="3"><font face="times new roman">He spoke of "<b><i>global commitment</i></b>," "<b><i>global partnership</i></b>," "<b><i>global development</i></b>" and a "<b><i>globalized world</i></b>."</font></font></p><p> </p><p><font size="3"><font face="times new roman">He spoke of being a "<b><i>citizen of the world</i></b>."</font></font></p><p> </p><p><font size="3"><font face="times new roman">He spoke of how "<b>the world might be remade</b>" and "a world that stands as one."</font></font></p><p> </p><p>Here's the speech off Obama's page for reference: <a href="http://http://my.barackobama.com/page/community/post/obamaroadblog/gGxyd4" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://http://my.barackobama.com/page/community/post/obamaroadblog/gGxyd4" rel="nofollow">http://http://my.barackobama.com/page/community/post/obamaroadblog/gGxyd4</a></p><p> </p><p><i>As well, could go on and on but their is a very concerted movement towards a one world currency (many articles are being written on this) and unification of the governments. The EU has already accomplished this and unified their currency with the Euro. There is a stong push for the "Amero" which would be a floated currency between Mexico, US and Canada. What will these moves do to gold? I would argue inflate it greatly as people would not know how to interpret these actions and would be perceived as instability and investors looking for a universal standard of currency. Gold can be exchanged for any currency and globalization would elevate gold in most people's eyes. I am debating about taking my little remaining home equity and buying more gold as I believe my and all our houses will continue to decline as the commerical real estate market implodes before the end of this year. Starbucks, Sharper Image, Mervyn's and list goes on of chain business that are in defualt or are doing major scale backs will leave unleased properties around the country. This will have an even bigger ripel effect than the current problem in my opinion. </i>[/QUOTE]</p><p><br /></p>
[QUOTE="Boss, post: 580250, member: 15110"]Boss: this is a great thread. Tried reading every response, but this one by Vess1 is just very interesting to me. I agree the president does not control the economy. The PRIVATE non government instituion called the Federal Reserve unihibitedly controls the economy. The term "Federal" is intentionally deceptive. In the 1913 the Federal Reserve Act was passed with only 3 congress members present which essentially allowed the Fed Res to be above the law and manipulate our economy as they saw fit by issuing and controlling our currency and credit lines. Interviews with Mr Greenspan on PBS demonstrate that they are complete unregulated private entity. The Federal Reserve has never been audited by any entity or agency whatsoever. Prior to that the Congress had control of monetary policy. They are not a government entity, and are in fact not subject to any laws or any form of regulation. The Reserve is entirely manipulated by Wall Street. The Fed Reserve has been buying up banks as fast as they can, as they are "on sale" by design via the reserve tanking the economy by influencing derugulation of derivatives which caused the bank failures via these "toxic assests" and exotic unstable investments. Mind you this was under the leadership and influence of Paul Summrers and non other than Timothy Guithner who are now throwing blame on AIG and other Lehman Brothers, etc. when in fact they orchestrated this debacle. Two interesting articles accordingly. [URL]http://www.bizjournals.com/phoenix/stories/2008/09/15/daily81.html[/URL] [URL]http://www.sanjuanislander.com/columns/brandt/part-2.shtml[/URL] The Fed reserve over a period of time slowly bought up Fortune 500 companies, and if companies refused they would sick the Feds on them to investigate them for alleged violations. The repeal of the Glass-Stegal Act of 1933 ([URL]http://en.wikipedia.org/wiki/Glass-Steagall_Act[/URL]) allowed the Banking industry to buy up toxic debts from 1999 onward under Clinton. The was accomplished by the [I][B]Gramm-Leach-Bliley Act. [/B]This essentially allowed Banks to do whatever they wanted and form huge mergers and take overs of other banks creating unregulated monopolies.[/I] [I]What people should consider is that the current downward spiral we are in is not random or accidental but in fact, by design. Henry Kissinger is a very powerful proponent of the new world order as is our current president. Consider this speech to Germany in 2008 in which Obama used these phrases:[/I] [SIZE=3][FONT=times new roman]His speech reeked of phrases such as, "[B][I]global citizenship [which] binds us together.[/I][/B]"[/FONT][/SIZE] [SIZE=3][FONT=times new roman]He spoke of "[B][I]global commitment[/I][/B]," "[B][I]global partnership[/I][/B]," "[B][I]global development[/I][/B]" and a "[B][I]globalized world[/I][/B]."[/FONT][/SIZE] [SIZE=3][FONT=times new roman]He spoke of being a "[B][I]citizen of the world[/I][/B]."[/FONT][/SIZE] [SIZE=3][FONT=times new roman]He spoke of how "[B]the world might be remade[/B]" and "a world that stands as one."[/FONT][/SIZE] Here's the speech off Obama's page for reference: [URL]http://http://my.barackobama.com/page/community/post/obamaroadblog/gGxyd4[/URL] [I]As well, could go on and on but their is a very concerted movement towards a one world currency (many articles are being written on this) and unification of the governments. The EU has already accomplished this and unified their currency with the Euro. There is a stong push for the "Amero" which would be a floated currency between Mexico, US and Canada. What will these moves do to gold? I would argue inflate it greatly as people would not know how to interpret these actions and would be perceived as instability and investors looking for a universal standard of currency. Gold can be exchanged for any currency and globalization would elevate gold in most people's eyes. I am debating about taking my little remaining home equity and buying more gold as I believe my and all our houses will continue to decline as the commerical real estate market implodes before the end of this year. Starbucks, Sharper Image, Mervyn's and list goes on of chain business that are in defualt or are doing major scale backs will leave unleased properties around the country. This will have an even bigger ripel effect than the current problem in my opinion. [/I][/QUOTE]
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