So then how would the FED be fully transparent if US Senators have been trying to pass a bill since 2009 to have the fed audited?! The bill is actually called the Federal Reserve Transparency Act 2011! All the FED actually do in terms of reporting is provide data to Congress on what THEY are regulating. You have no clue who owns the FED or the BOE and have clearly done NO research at all ever on this subject - yet you trolled your way through the whole thing.
You haven't posted your ownership structures of the FED and BOE yet - you know, the ones that you said were clearly transparent When you do I might stop thinking you are a muppet Till then enjoy your rest - after your shame tonight, you need it
Bernanke has said itself that the Fed don't answer to anyone ! I am no conspiracy nut, I am a free thinking person who has a very open mind. You, gent, on the other hand, sound like a typical denier and brainwashed lemming. There is plenty of information on all of this, if you want to find out more go take a look for yourself. "They all laughed at Christopher Columbus when he said the world was round ...."
I will admit to not knowing about the intricacies of how BOE is managed, but I know that it is most certainly not owned by a single outside entity, and the FED is not "owned" by anyone. http://www.bankofengland.co.uk/about/Documents/legislation/1946act.pdf How is an entity under public ownership "owned by the Rothschilds"? You made a very assured claim: "Rothcshilds" own the FED and BOE, that is most certainly a falsehood. It's not a matter of opinion, it's a matter of stating a falsehood.
They should answer to Congress. That they possibly don't has **** all to do with Rothschilds supposedly 'owning' them. Where have I claimed that the FED is perfect? The matter of contest was its ownership, no? You can find plenty of material supposedly supporting holocaust was a hoax. That says **** all about this materials credibility, or merit. Just because I don't roam the internet to find all the crazy material in it doesn't make me ignorant of these people's views. I just find no supporting facts to feed further research. I am well informed about the Rothschild dynasty. Nothing Jayram has presented here has in any way indicated they secretly "own" the two central banking systems. That is a very clear falsehood Jayram stated. Please tell me you are wumming... your knowledge of history and science is at the level where you think Christopher Columbus introduced the concept of a spherical earth to the western world!? wow...
There wouldn't be any lenders at this level in the world if the concept of interest didn't exist and evolve historically, whether it be at the individual level or the country level. People in various countries enjoy the benefits massive economic growth has brought to them, which would not be possible without borrowing, and at the same want to do away with it. Are these people ready to accept severe decrease in economic growth if we do away with these concepts, or are they the very first people who'll go out on riots because their standard of living has decreased?? You can't have your cake and eat it too. There is nothing free in this world, and that very concept of thinking "you can have everything without a trade-off" is the most dangerous concept a man could possibly have. Greece is in this trouble not because of the inherent evils of interest, but because of their government's lack of accountability. They were in a contract with the lenders, and they disregarded that very hard truth while continually increasing public spending. You have good examples and bad examples. But interest is not the inherent problem here, accountability is. Of course there is a trade-off for everything. No sovereign country is forced to borrow from any source.
They are in trouble because the EU LOW interest rate sparked a FOOLISH building and spending boom that had no justification. Repayment at any rate is the problem - they cannot even repay at ZERO rate. Interest is not the problem -foolhardy borrowing is There are similarities in the way Gordon Brown continued to borrow to finance spending on benefits to buy votes. What a fine mess that got us into.
Don't really agree- The Greek people thought they could avoid paying taxes and spend like there is not tomorrow. Their government has had little chance to address the problem. How are they accountable for the stupid people? G.Brown HID what was going on from us - the people.
Act 1: People being stupid Act 2: Why would you expect people should know there are repercussions to being stupid? Hmm, I don't know, I guess I'm the kind of guy that thinks people should be held responsible for their own actions. You are also overlooking public spending by the government. It's not as simple as people being irresponsible.
even millions of people in the UK appear to think benefits are a right, and any attempt to curtail is a shocking act. As you know, we have a bottomless pit of money to fund it Are you brave enough as a politician to state benefits should be axed ? Even trivial tinkering by this administration is getting it into a spot of bother - and may lead to them being ousted.
I agree with that, any government which supports "sane" or sustainable public spending, be they from the left or right, will be unpopular. But that says more about the "people"/public than the necessity of such measures. The same people who enjoy the benefits of unsustainable economic growth, are the ones who want increased benefits, who are critical of the current proposed spending cuts, and who will be unforgiving of any decrease in their standard of living which would come as a result of the policies they support. They find absolutely no contradiction in any of it. Entitlement culture... not much that can be done about it... Any administration that even contemplates doing significant spending cuts will risk elect-ability for years/decades to come, but it has to be done.
To an extent I agree with this. You need to be prudent with your money. However, I am of the opinion that the Banks are responsible for creating the debt that many of the Euro zone countries find themselves in and as a basic principle, they should be held accountable for restoring parity. 'Austerity measures' punish the people, who are not responsible for creating the debt. Public spending cuts on health to service private debt is wrong. In Greece, there is now nearly 50% unemployment and people are having their essential services like electricity cut off because their Govt are indebted to a private bank.
I think this is a great comment that highlights many problems that Western countries face, I am no expert by any means but would also like to highlight that many countries in Asia and the Middle East are in a better finical position than their Western counterparts and this could be attributed to a better banking structure as well as a total lack of interest used in their banking approach.
And the fact that people haven't lived beyond their means. What is worrying is that the whole system is on a knife edge and can collapse at any moment. It's like having a back line of 4 Squillaci's, very scary....
In the middle east it can be attributed to them hitting jackpot as far as natural resources go. They are about the most wasteful economies in the world as far as actual production goes. Not all countries can operate within such fairy-tale circumstances. As far as Asia goes, any specific examples? Are you at all taking into account the standard of living the people of these countries are accustomed to?
Don't recall which book it was exactly that the comparison was made, but I recall a figure which showed that the value of the economy of all of the arab world, minus the oil production, was less than that of Nokia. Economically, these countries don't live in the 'real world'.
I see what you did there with the Squishy reference but in all seriousness you are right we are in a dangerous situation with our current economic climate.
You really are a dimwit. First you have ignored every question I asked, instead you chose to argue a point with Jayram that is neither here or there like a hungry belly dog after a bone ! The premise of what Jayram is saying is the owners of the banks in question have their filthy paws in the main central banks of the UK. Argue against that point. Next you decide to make the point that you can find material supporting the holocaust as a hoax Are you that thick ? The proof I provide is solid respectable proof not from some numpty with an agenda who thinks we came from aliens ! Then you question my knowledge of history and science when you can quite clearly see I put the Christopher Columbus comment in quotes - words from a song that featured in a popular advert: http://www.lyricstime.com/frank-sinatra-they-all-laughed-lyrics.html Your debating skills are seriously lacking my friend. You ask me where you said the FED was perfect, I made no such claim I made the original comment that banks were founded on corruption and they operate by corruption. The Great Depression was manufactured by the FED, its easy to see what they do, it is NOT rocket science. The banks control the flow of money, they create busts when they create "scarcity" and booms when they lend. This recession could be ended in a flash if the banks decided to lend again, but they won't. Drive the prices of key commodities down then, when money is tight people will sell those commodities cut price, who has the money to buy ?? The banks - so they do. This in turn increases the flow of money and we begin the boom cycle, prices rise, when prices reach their peak banks sell those key commodities. Then at some point the banks will trigger another bust cycle. This is the way it has been and the way it will continue to be while bankers have more power than governments. Now sit down and shut the hell up dufus !
