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View Diary: China Cuts US Credit Rating. Obama Cuts Hawaii Vacation Short. (171 comments)

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  •  This sounds like ct (1+ / 0-)
    Recommended by:

    Please cite evidence of the conspiracy you've proposed. Who are these shadowy figures pushing our country into recession and what evidence do you have?

    •  The existence of the Fed (5+ / 0-)

      Is the conspiracy. The simple point is this: our government is borrowing money from a public/private bank and has to repay interest to said bank. wtf? The government prints the money, why should it have to borrow said funds from a bank that makes money through usury (which is banned in both the Bible and Koran)? Eliminate the Fed and our government gets rid of a huge amount of "debt."

      "Political ends as sad remains will die." - YES 'And You and I' ; -8.88, -9.54

      by US Blues on Wed Dec 26, 2012 at 07:45:35 AM PST

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      •  suggest you read the (2+ / 0-)
        Recommended by:
        Pluto, ozsea1

        history of the U.S. economy in the 18th and especially 19th and early 20th centuries to see why the Fed came into being. That should also give you a decent idea of what would happen if the Fed suddenly disappeared.

        It's not perfect, and does need reform, and lots of other shoulds and oughts, but exceedingly unrealistic to think it could be yanked overnight.

        We are often so identified with whatever thoughts we may be having that we don’t realize the thoughts are a commentary on reality, and not reality itself. -- Gangaji

        by Mnemosyne on Wed Dec 26, 2012 at 10:33:45 AM PST

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        •  The history of economics? Really? (0+ / 0-)

          The Fed came into being when the majority of Congress was home celebrating Christmas.  It wasn't done by "we the people", it was done by the fascist elites controlling our government at the time.

          Give me control of a nation's money and I care not who makes her laws

          ~Mayer Amschel Rothschild

          Within 20 yrs they collapsed the entire worlds economy and through their machinations, killed millions by withholding their money.

          They then instituted one of the greatest thefts of American wealth through gold confiscation.

          And they've repeated that process again and again.

          They did it when Nixon took us completely off the gold standard at Brenton Woods.

          They're trying to do it again.

          Now that we've established this history, review please the beginning quote from Rothschild.

          It is not about economics, its about total control and theft. They are above the law. Reference again, the HSBC deal.

          I must ask this: Why did we have a deflationary expansion for the first 120 yrs of this nations history before the Fed Res System?  Why did so many people including President Jackson fight against a "federal reserve system"???

          -7.62; -5.95 The scientists of today think deeply instead of clearly. One must be sane to think clearly, but one can think deeply and be quite insane.~Tesla

          by gerrilea on Thu Dec 27, 2012 at 09:36:27 AM PST

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    •  I suggest (11+ / 0-)

      Carroll Quigley's Tragedy & Hope, followed by a complete perusal of the website of Henry C.K. Liu.  You might also catch the Wiki article on the Rothschilde family. There is nothing terribly shadowy about the international world of finance, nevertheless their secretiveness is legendary.  They are both required to reveal their inmost secrets by a plethora of regulations in every developed nation on earth, and experts in pursuit of the financial shell-game despite those mandatory disclosures.  They have created both a mystique of their work as inherently too complex for most to understand, beginning with the difficulties of medieval accounting in Roman "numerals", and indulged during modern times in massive unnecessary but highly deceptive complexity.  Everything you need to know about international finance is hidden in plain sight, so it's hardly CT to reference it.  The annual get-together at Davos is reported in all the papers and magazines, as are the titles of the catchiest seminars and conferences.  Nevertheless most of the real "work" for attendees occurs in corners off of hotel corridors and at private meals.  There is no difficulty in finding out what, in general, the financier class is doing; the devil (and the CT) is in the details.

    •  This is not hidden from any (15+ / 0-)

      who can read and care to look.

      The case of Big Banks and Central Bankers acting in collusion to benefit their income and gain control of economies has been well documented, and that for over a Century.

      Look at the current LIBOR investigations, (already with some convictions)
      for a very modest example.

      They aren't called "Banksters" for nothing.

      The Internet is just the tail of the Corporate Media dog.

      by Jim P on Wed Dec 26, 2012 at 08:10:12 AM PST

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