Why the economy is the way it is

[HarlanAshmore]

imo its all that george guys fault

 

[abortedsoul]

actually the federal reserve is a private corporation not a govt established bank it is private people in charge of your economy a very bad thing

http://www.usagold.com/federalreserve.html

http://www.youtube.com/watch?v=A4kxTkhwR_Q

http://www.youtube.com/watch?v=ji_G0MqAqq8

http://www.truveo.com/ron-paul-audit-the-federal-reserve-hr-1207/id/2425842122

just a couple of links for ya

I only need one link- http://en.wikipedia.org/wiki/Federal_Reserve_Act

I never said that the federal reserve was part of the government. Re-read what I said, and you might understand.

If only there were private interests in charge of the economy; otherwise, it is called "socialism". If you want that, you can go live in the Soviet Union... oh wait, it experienced a harsh economic meltdown. Darn. Looks like the free market makes sense, after all.

 

[Knowdafish]

16 unaccountable "czars" and counting!

 

[Pharaoh]

imo its all that george guys fault

Your blaming this whole situation on one person who doesn't really have all that much say so? There are a couple hundred people that are also elected that have a say so in the decision making of this country.

OK.... I'm done..... not politics per TOS.

 

[freeskier]

actually the federal reserve is a private corporation not a govt established bank it is private people in charge of your economy a very bad thing

http://www.usagold.com/federalreserve.html

http://www.youtube.com/watch?v=A4kxTkhwR_Q

http://www.youtube.com/watch?v=ji_G0MqAqq8

http://www.truveo.com/ron-paul-audit-the-federal-reserve-hr-1207/id/2425842122

just a couple of links for ya

chef, am trying to understand your position. you're posting links that seem to discredit your own argument. from your first link:

[SIZE=-1]It does not appear that the New York Federal Reserve Bank is owned, either directly or indirectly, by foreigners. Neither Mullins nor Kah provided verifiable sources for their allegations, nor did their mysterious sources agree on exactly who owns the New York Federal Reserve Bank. Moreover, their central assumption that control of the New York Federal Reserve is the same as control of the whole System is wrong and demonstrates a lack of understanding of the System's basic organizational structure. The profits of the Federal Reserve System, again contrary to the assertion of Kah and Schauf, are funneled back to the federal government, not to an "international banking elite." If the U.S. central bank is in the grip of a banking conspiracy, then Mullins and Kah have certainly not uncovered it.[/SIZE]

also saying things like "private people in charge of economy is a bad thing" really doesn't back up any point. what private people? why is it a bad thing? i would like to see some real input here, especially when the article was fairly detailed.

socialism still puts private people in charge of the economy ... just look how well he USSR's planned economy and transition to perestroika worked. the problem isn't political ideology; it's when power and control is concentrated in too few people.

 

[CichlidPharmer]

It's called a Business Cycle for a reason. For as long as imperfect people are involved in an imperfect system it will remain cyclical Boom and Bust ad infinitum.

It's very much like the quest for a perpetual motion machine. It can never be for as long as waste is involved.