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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:28 PM Original message |
An economics professor just destroyed the End the Fed crap at the Occupy Kansas City rally |
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Pharaoh (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:32 PM Response to Original message |
1. So you think we should |
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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:34 PM Response to Reply #1 |
3. We need to watch what they do |
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Pharaoh (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:15 PM Response to Reply #3 |
18. Why don't we just print our own money? |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:31 PM Response to Reply #18 |
23. LOL, wut? |
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tama (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:21 PM Response to Reply #23 |
38. Quick search, first hit: |
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dixiegrrrrl (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:49 PM Response to Reply #18 |
32. You might be interested in a basic history of how banking developed in the USA |
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Scuba (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 07:58 AM Response to Reply #32 |
52. Thank you. My vast universe of ignorance is now a tiny bit smaller. n/t |
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StarsInHerHair (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:48 PM Response to Reply #3 |
24. we DO need Public Owned Banks though, the private Banking Cartels are NOT |
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PETRUS (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:35 PM Response to Reply #1 |
4. Speaking only for myself. |
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AverageJoe90 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:36 PM Response to Reply #4 |
5. The private bankers have hijacked the Fed, true. |
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Hippo_Tron (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:55 PM Response to Reply #4 |
42. The board of governors is entirely appointed by the President and confirmed by the Senate |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:57 PM Response to Reply #1 |
12. The Fed pays the Treasury interest - $78 billion last year |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:30 PM Response to Reply #1 |
22. The fed is run by a commitee apointed by Congress, not "private bankers". |
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pa28 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:45 PM Response to Reply #22 |
31. That's true of the board of governors but not regional FR banks. |
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Hippo_Tron (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:59 PM Response to Reply #31 |
43. That's actually a very legitimate concern about the Fed |
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FarLeftFist (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:32 PM Response to Original message |
2. The Ron Paul crowd reeks of desperation. |
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midnight (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:54 PM Response to Reply #2 |
11. Many without jobs and food are desperate... |
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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:11 PM Response to Reply #2 |
15. Desperation and simple platitudes |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:28 PM Response to Reply #2 |
20. No, just angry people whiped up into anger at the wrong thing. |
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rucky (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:37 PM Response to Original message |
6. Isn't that sort of how it already works. |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:45 PM Response to Original message |
7. Problems w/ the Fed are simple - 1) regulate & 2) enforce. Nt |
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PotatoChip (481 posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:45 PM Response to Original message |
8. Did you get his name? |
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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:13 PM Response to Reply #8 |
17. Yes. I'll post a link when I get home. |
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xmas74 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:30 PM Response to Reply #17 |
21. I'd love to know who it is too. |
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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:19 PM Response to Reply #8 |
25. Here |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:30 PM Response to Reply #25 |
40. Frederic S. Lee, Professor of Economics @ UMKC |
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IndyPragmatist (556 posts) Send PM | Profile | Ignore | Mon Oct-10-11 07:48 AM Response to Reply #25 |
50. A Keynesian would love the Federal Reserve |
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Ichingcarpenter (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 07:55 AM Response to Reply #50 |
51. Thank you for your input and links |
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WillyT (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:46 PM Response to Original message |
9. K & R !!! |
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midnight (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 07:53 PM Response to Original message |
10. The Fed is a private bank and already operates independently of the U.S. Government.. |
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chill_wind (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:31 PM Response to Reply #10 |
27. Something Greenwald wrote at the time |
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Hatchling (968 posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:08 PM Response to Original message |
13. How about nationalize the Fed? nt |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:10 PM Response to Reply #13 |
14. the Fed is an independent branch of goverment like the Supreme Court |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:25 PM Response to Reply #14 |
26. Really? Which Article of the Constitution mentions it? The Supreme Court is in there, Article III. |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 10:00 PM Response to Reply #26 |
33. Same for the EPA and DOE then, right? |
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WinkyDink (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:41 PM Response to Reply #14 |
29. Except not. |
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Selatius (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 10:15 PM Response to Reply #14 |
35. Yes and no. |
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EdMaven (290 posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:12 PM Response to Original message |
16. Certainly. Before the Fed was the robber baron era -- concentrated wealth, bank failures, |
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Odin2005 (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 08:27 PM Response to Original message |
19. A lot of folks here on DU believe that same ignorant nonsense about the Fed. |
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WinkyDink (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:44 PM Response to Reply #19 |
30. Now, which part of the following do you think are the operative words? |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 10:07 PM Response to Reply #30 |
34. RESERVE is the operative word - By law the private bankers must |
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provis99 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 12:53 AM Response to Reply #19 |
46. the regional feds have the power, not the national committee. |
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WinkyDink (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 09:41 PM Response to Original message |
28. The Federal Reserve IS private. |
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krabigirl (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 12:00 AM Response to Reply #28 |
44. Yep. |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 10:18 PM Response to Original message |
36. Yea right. The corporations are going to print the money? |
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tama (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:28 PM Response to Reply #36 |
39. Not professor of economics |
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quaker bill (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 06:06 AM Response to Reply #36 |
47. They used to print "script". |
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Xolodno (310 posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:08 PM Response to Original message |
37. The problem is this.... |
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tama (1000+ posts) Send PM | Profile | Ignore | Sun Oct-09-11 11:30 PM Response to Reply #37 |
41. Kill the Fed |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 06:36 AM Response to Reply #41 |
48. Yes that is the problem "Money as debt". If most only had some clue |
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krabigirl (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 12:02 AM Response to Original message |
45. they've already done that. nt |
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rgbecker (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 06:50 AM Response to Original message |
49. Could Bitcoin be the answer? |
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tama (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:13 AM Response to Reply #49 |
54. Partial answer, yes. |
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Bucky (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:05 AM Response to Original message |
53. Interesting. The Fed was invented by Progressives to control Gilded Age boom/bust cycles |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:16 AM Response to Reply #53 |
55. Exactly - many so called progressives here parrot the Ron Paul 'End the Fed' nuttery |
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Ichingcarpenter (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 10:34 AM Response to Reply #55 |
63. And some people just post nuttery |
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tama (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:20 AM Response to Reply #53 |
56. Obviously |
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banned from Kos (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:26 AM Response to Reply #56 |
57. one simple graph to prove you are wrong |
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Name removed (0 posts) Send PM | Profile | Ignore | Mon Oct-10-11 08:36 AM Response to Reply #57 |
58. Deleted message |
dd2003 (198 posts) Send PM | Profile | Ignore | Mon Oct-10-11 09:20 AM Response to Original message |
59. The fed has been so helpful |
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proud2BlibKansan (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 09:36 AM Response to Reply #59 |
60. That's not the point |
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yella_dawg (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 09:42 AM Response to Original message |
61. Interesting idea there |
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lib2DaBone (1000+ posts) Send PM | Profile | Ignore | Mon Oct-10-11 10:30 AM Response to Original message |
62. The problem with the FED is that it's a PRIVATE bank. Nationalize the Fed. |
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