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#1 Oct 06 2011 at 3:05 AM Rating: Default
I just thought I share this video. I've never seen such a young kid with this much knowledge. You typically see most young people walking around like drones listening to their Ipods and cell phones, this guy is someone we need in office, not Obama.


#2 Oct 06 2011 at 3:32 AM Rating: Good
Citizen's Arrest!
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ShadowedgeFFXI wrote:
I've never seen such a young kid with this much knowledgeSmiley: tinfoilhat.

#3 Oct 06 2011 at 3:53 AM Rating: Good
The Fed isn't the enemy, regardless of how little you understand it.
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#4 Oct 06 2011 at 4:23 AM Rating: Excellent
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It's like we already been discussing this in another topic or something... Smiley: oyvey
#5 Oct 06 2011 at 4:25 AM Rating: Good
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The inflation(QE) hits the upper end of the economic spectrum harder, it's a strategy that attempts to raise the net circular flow, which is something that is hurting at the moment. You can retract this much easier when the economy turns the corner.

It reduces consumer debt by adjusting the percent distributions comparative to the total economy. It hurts investment more than personal finances, barring speculative effects. It's gives the banks more lendable assets, but it also reduces the value of their current assets, and the new money is borrowed from taxpayers, so eventually gets paid back. Banks do make interest off this, but that's kinda the point, so that there is more floating collective financial resources.

I'm not sure why he's both railing against big banks and traders as well as QE policies.

Edited, Oct 6th 2011 6:28am by Timelordwho
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#6 Oct 06 2011 at 5:28 AM Rating: Good
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The One and Only Poldaran wrote:
ShadowedgeFFXI wrote:
I've never seen such a young kid with this much knowledgeSmiley: tinfoilhat.


#7 Oct 06 2011 at 5:56 AM Rating: Excellent
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In related news, FOX News reporters were maced and hit with police batons yesterday while covering the protests.
http://www.myfoxny.com/dpp/news/occupy-wall-street-protest-broadens-scope-20111005#.To0cU53eLtQ.twitter

Quote:
While covering the Occupy Wall Street protests on Wednesday night, Fox 5 photographer Roy Isen was hit in the eyes by mace from a police officer and Fox 5 reporter **** Brennan was hit by an officer's baton.

The protests on Wall Street continued to grow all day. The rallies and their participants are showing no signs of slowing down.
In the evening, crowds surged past barriers and NYPD officers moved in to contain the protesters. By many accounts, mayhem broke out.

Officers, many wearing white shorts indicating supervisor rank, swatted protesters with batons and sprayed them with mace, video from the scene showed.

Fox 5's Isen and Brennan were there and witnessed the chaos. At one point, Brennan was hit in the abdomen by a police baton and Isen got irritant in his eyes. Both journalists were all right and continued to cover the protests and arrests.


As they crossed police lines, I'm sure mace and batons were warranted against the nefarious news team... right?
#8 Oct 06 2011 at 6:04 AM Rating: Excellent
Thread Lock use other thread
#9 Oct 06 2011 at 6:19 AM Rating: Good
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LockeColeMA wrote:
As they crossed police lines, I'm sure mace and batons were warranted against the nefarious news team... right?

Ordinarily, I'd say "no" but...

You know...
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Wow. Regular ol' Joph fan club in here.
#10 Oct 06 2011 at 6:35 AM Rating: Excellent
GBATE!! Never saw it coming
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LockeColeMA wrote:
In related news, FOX News reporters were maced and hit with police batons yesterday while covering the protests.
The NYPD knows rabble-rousers when they see them.
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One day I'm going to fly to Canada and open the curtains in your office.

#11REDACTED, Posted: Oct 06 2011 at 7:42 AM, Rating: Sub-Default, (Expand Post) Locked,
#12 Oct 06 2011 at 7:55 AM Rating: Excellent
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Omegavegeta wrote:
The Fed isn't the enemy, regardless of how little you understand it.

But they have all the money, and I don't!

Gold standard! Smiley: tinfoilhat
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Jophiel wrote:
I managed to be both retarded and entertaining.

#13 Oct 06 2011 at 7:55 AM Rating: Excellent
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varusword75 wrote:
Locked,

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I'm sure mace and batons were warranted against the nefarious news team... right?


Are you surprised? Did hear about the reporter being screamed at for asking about the botched fast and furious operation?

There's going to a lot of this sort of thing going on over the next year.

Smiley: oyvey Glad you're on the side of the protesters at least.
#14REDACTED, Posted: Oct 06 2011 at 8:18 AM, Rating: Sub-Default, (Expand Post) Locked,
#15 Oct 06 2011 at 8:19 AM Rating: Excellent
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varusword75 wrote:
Locked,

Who said i'm on the side of the protestors?

You're ok with a news crew passing police barriers, but not protesters? My, you are confused!
#16 Oct 06 2011 at 8:58 AM Rating: Default
Omegavegeta wrote:
The Fed isn't the enemy, regardless of how little you understand it.


Let's see the Fed is a private bank that controls world currency rates and are able to kill the dollar by printing trillions of monopoly money. Never mind the fact that we had the Great Depression a few years after the Fed took over. Don't use logic to connect the dots of bankers and control over laws because of lobbying. It's simply amazing how the bankers keep getting bailed out and receiving bonuses, but the unemployment rate and personal debt tend to skyrocket. How about the false flag events used for warmongering accounts? Are you seriously going to claim that these politicians aren't being paid off by bankers? Haliburton and other contractor companies control the majority of defense spending budgets and everyone else can't get in on the pie. Businesses are set up to fail and then be bailed out after the collapse as money is sent to derivatives.

I'm curious, if you think the Fed and their banking cartel isn't responsible, who is?
#17 Oct 06 2011 at 9:32 AM Rating: Excellent
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ShadowedgeFFXI wrote:
I'm curious, if you think the Fed and their banking cartel isn't responsible, who is?

Well, most people with half a brain know better than to boil it down to something as simple as "it's their fault!!!", so this is going to be a hard one to answer.
#18 Oct 06 2011 at 9:50 AM Rating: Good
Majivo wrote:
ShadowedgeFFXI wrote:
I'm curious, if you think the Fed and their banking cartel isn't responsible, who is?

Well, most people with half a brain know better than to boil it down to something as simple as "it's their fault!!!", so this is going to be a hard one to answer.

So you're saying you have less than half a brain?
#19 Oct 06 2011 at 9:59 AM Rating: Default
Majivo wrote:

Well, most people with half a brain know better than to boil it down to something as simple as "it's their fault!!!", so this is going to be a hard one to answer.


A private greedy world bank that is just the next logical extension of corrupt companies like Enron. I don't see why it's so hard for you to connect the dots. The Fed prints money that we don't have thus decreasing the value of the dollar worldwide. That statement is a fact backed by everyone. The Fed has bailed out all these corrupt banks, but it's ok, right?

On a personal note, I'm beginning to wonder how naive people are. Absolute power corrupts and if any org had control of world money, well that's absolute power. Maybe I'm giving you guys too much credit. Do you know the Fed is a private bank? Fact, no conspiracy there. Do you trust government politicians in general? The consensus is no for most people, yet for some reason they defend these politicians against someone they deem of telling wild tales. /shakes head... The lack of logic is beyond words. Our businessmen and politicians are corrupt again by the majority of the public in general, but yet it's all a conspiracy if you claim you understand their motives. I'm almost scared to ask if you guys have ever been screwed over by a business before. Foreclosure maybe?

I'm willing to accept some people require more proof without questioning their motive or intelligence. I just want to see questions asked that seek to do this. The tinfoil hat stuff shows ignorance, nothing more. It doesn't matter how far fetched something might be to swallow, an enlightened person remains open minded. I'm starting to believe this forum is only capable of trolling others and seeks to have fun at others expense. I posted this clip because there was a lot of truth in it. The kid wasn't 100% right(I don't agree 100%, take your pick) ,but he was right on most of it. The point is the movement fighting for real change now isn't about free loading. To brush off so many people's opinions without even bothering to entertain the concept is shallow to say the least.
#20 Oct 06 2011 at 10:14 AM Rating: Excellent
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You realize other countries have central banks, and if they thought monopoly money was being printed they'd retaliate. The opposite is true, the Chinese central bank has been buying USD to keep the valuation of RMB low in comparison.

Shadowedge wrote:
The kid wasn't 100% right(I don't agree 100%, take your pick) ,but he was right on most of it


Tell me which parts you agree with, and which you don't and I'll go through the list and give you an analysis. The thing is, misinformation abounds, as some of the things this group says are true and some are not, so I'd like to get some basics down before we make normative judgements.
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#21 Oct 06 2011 at 10:21 AM Rating: Excellent
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ShadowedgeFFXI wrote:
Let's see the Fed is a private bank
False. It is designed to be semi-public to ensure accountability.
Quote:
that controls world currency rates
False. They only control the enactment of monetary policy of the US Dollar.
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and are able to kill the dollar by printing trillions of monopoly money.
False. The Treasury Department prints currency.
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Never mind the fact that we had the Great Depression a few years after the Fed took over.
False. The current Fed was created by the Federal Reserve Act of 1913, but central banks have existed as far back as 1791.
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Don't use logic to connect the dots of bankers and control over laws because of lobbying.
Sound advice, because logic certainly wouldn't connect those two!
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I'm curious, if you think the Fed and their banking cartel isn't responsible, who is?
Millions of consumers buying real estate with no down payments, taking out additional equity against that mortgaged real estate, and the prevalence of predatory lending to sub-prime homeowners to fulfill government quotas designed to provide bullet points for promotional campaign material.
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Jophiel wrote:
I managed to be both retarded and entertaining.

#22REDACTED, Posted: Oct 06 2011 at 10:32 AM, Rating: Sub-Default, (Expand Post) I have to get going right now, but I'll watch the vid again later and comment on the strong points.
#23 Oct 06 2011 at 10:40 AM Rating: Excellent
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Yes I do, however the Federal Reserve controls all the currency in the world. Goldman Sachs, Bank of America, Wells Fargo, JP Moran and others are just offshoots of the Fed.


Uh, no. Otherwise why was it so hard to get all of the banking institutions to take bailout money when only some of them needed it. They wanted a competitive advantage. They may act similarly, but that is mostly because the demands on them are similar. They may collude, but that is illegal, and should be met with the fullest extent of the law. The case for serious collusion would also be much stronger if the four firm distribution was much higher, in the case of US banking it's ~39%. There are other countries with both larger banks, and more highly concentrated banks than the US.
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#24 Oct 06 2011 at 10:57 AM Rating: Default
Demea wrote:
False. It is designed to be semi-public to ensure accountability.


Yeah the Fed is "semi-public" if you really want to be that literal. However, the Fed's private half is the problem. The purpose of the fed was to protect both the people(public) and the banks(private).

According to official Federal Reserve documentation, are to conduct the nation's monetary policy,supervise and regulate banking institutions, maintain the stability of the financial system and provide financial services to depository institutions, the U.S. government, and foreign official institutions.

The Federal Reserve Board also supervises banks, provides financial services, and researches the United States economy and the economies in the surrounding region.

Other purposes are stated in the Federal Reserve Act, such as "to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes" I wonder what those other purposes might be. hmmmm

The Fed is supposed to:

To strengthen U.S. standing in the world economy, It's failing hard.

stable prices, including prevention of either inflation or deflation... Fail yet again

To supervise and regulate banking institutions.. Oh this must mean bailout the crooks, right.

The next part is so important and explains what I meant by claiming the fed prints money. I will bold it for significance.

How does the Fed get its money? It doesn't need to borrow it; it merely creates an entry into its balance sheet. All the Fed requires to “print” money is a keyboard connected to a computer. The difference between the Fed and the Treasury issuing money is that the Treasury needs to get permission from Congress before selling bonds. In this context, it shall be mentioned that physical cash (coins, bank notes) are entered as liabilities on the Fed's balance sheets; they are rather unique liabilities, however, as you can never redeem your cash: if you went to a bank, the best you can hope for in return for your dollar bill is a piece of paper that states that the bank owes you one dollar. While it is possible for central banks to remove cash in circulation, they are not obliged to do so.

In case anyone reading this is confused, the Fed doesn't print money literary, but they print money via debt..IE credit.


Quote:
False. They only control the enactment of monetary policy of the US Dollar.


That's a lie. The Fed "owns" those global banks like Goldman sachs who screwed over Ireland. Dont you dare tell me they don't control monetary policy. The might not do it directly, but they do it nevertheless.

Quote:
]False. The Treasury Department prints currency.


You're right sorta, I meant money though and today's banking is done by credit. See above how the Fed prints money.

I'm walking out the door now, but I just wanted to thank you for providing a serious answer.

Here is the link for anyone who cares to read it.

http://www.marketoracle.co.uk/Article7578.html

Edited, Oct 6th 2011 12:02pm by ShadowedgeFFXI
#25 Oct 06 2011 at 11:04 AM Rating: Good
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Don't use logic to connect the dots of bankers and control over laws because of lobbying.


The Fed is not the evil overlord of the banks.

Banks are designed to make as much money off your money as possible, sometimes they really suck at it & lose all your money.

It's a good thing the fed is there to bail them out.

Lobbyists writing legislation is a bad thing, but a separate issue & one of the reforms I'd like to see the Occupy Wallstreet folks address.

/thread
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"The Rich are there to take all of the money & pay none of the taxes, the middle class is there to do all the work and pay all the taxes, and the poor are there to scare the crap out of the middle class." -George Carlin


#26 Oct 06 2011 at 11:08 AM Rating: Excellent
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Omegavegeta wrote:
The Fed is not the evil overlord of the banks.
You obviously don't have super secret secret squirrel access that even former Presidents don't get to keep when they leave office but somehow our friend here has managed to both obtain even though the MOS he professes to have been doesn't exactly obtain and keep to tell us these truths.
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