End The Fed Network - The End Began on November 22nd, 2008
Arizona Coin Collector
Just wonder what your thoughts may be one this
group? I got and E-MAIL from two different
people who wants me to join them. I just soon
sit on the fence and watch them from a safe
distance.
Notice a spelling error on the web link below.
The word, "functioning" shown below on what I
"copied and pasted".
-----------------------------------------
End The Fed Network - The End Began on November 22nd, 2008
Why end the fed?
The Federal Reserve is a cartel of private banking
corporations which lend money to the United States.
It is touted as if it were a Government Agency. IT
IS NOT. The Federal Reserve Bank, through its
inflation of the money supply and the distortion
of free markets resulting from its intervention,
is responsible for the current financial and
economic crisis. The current round of "bailouts"
and federal government nationalization of large
segments of the financial sector further inflates
the US dollar and disrupts the proper funtioning
of the markets and will ultimately serve to plunge
the nation into an even more severe crisis, quite
possibly even into a serious depression. Our goal
is to educate Americans so we can have a sound
monetary system in this country, and not be held
at gunpoint by a private banking cartel who
pretends to be a government entity.
..
Mr. Jaggers
> Hello
>
> Just wonder what your thoughts may be one this
> group? I got and E-MAIL from two different
> people who wants me to join them. I just soon
> sit on the fence and watch them from a safe
> distance.
The emails in question originated in the wingnut far right, which is not
known for its rational presentations. Join them at your peril.
Meanwhile, locate and read two of U.S. Representative Ron Paul (R-Tx)'s
books - The Revolution (2008) and End the Fed (2009). You'll get a much
more insightful cover of the topic at hand.
Then report back here. Be prepared to take a quiz that I have already
prepared for you. There is only one question on it, which I will reveal in
advance: "In your own words, discuss the aftermath and implications of
terminating the Federal Reserve System, accurately projecting its social,
economic, demographic, and political ramifications, both internal and
international, one year, two years, five years, ten years, twenty years,
fifty years, and one hundred years out. Be thorough, yet concise and to the
point."
James
Rex Garvin
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:heeif...@enews2.newsguy.com...
I say go back on the gold standard...
Mr. Jaggers
Successfully answering the above question that I posed for Arizona would
lend credibility to your position.
James
Rex Garvin
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Sorry, I don't jump thru hoops for anyone...
Mr. Jaggers
I see. Opinion with no facts to back it up. Plonk.
James
Frank Galikanokus
We are still on the gold standard.
Much of the current run up in the price of gold is because of the
decline in value of the dollar.
JAM
Rex Garvin
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Asshole...
Ken Barr
"Arizona Coin Collector" <nos...@nospam.com> wrote:
> Hello
>
> Just wonder what your thoughts may be one this
> group? I got and E-MAIL from two different
> people who wants me to join them. I just soon
> sit on the fence and watch them from a safe
> distance.
[snip]
I suspect that the first "End The Fed" emails were sent out on December
24, 1913 ...
--
Ken Barr Numismatics email: k...@kenbarr.com
P. O. Box 32541 website: http://www.kenbarr.com
San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 NEXT SHOW: Santa Clara 11/19-22 Table 437 w/Mac's Coins
Tom Slick
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Oh yeah, unsupported opinion on Usenet - who'd of thunk it.
By the way James, you really are an asshole.
Mr. Jaggers
I stand justifiably rebuked, and offer my apology to you, to Rex, and to rcc
for all comments in this thread that were offensive. Sometimes I have
difficulty separating this arena from another that I am involved in.
James
Arizona Coin Collector
"Ken Barr" <k...@kenbarr.com> wrote in message
news:ken-EC25C3.1...@nntp.aioe.org...
Hello all
I was reading all the replies from James, Ken,
Frank, DG, and our "multi newsgroup profile" troll.
I notice Ron Paul video on the link as well.
He is a long time gold investor.
I don't blame the Federal Reserve System as much
as the striping of government regulations that
led to the mess the current economy is in
now.
The Nations economy was far more different in 1913 than
it is now. Much more global.
I don't want someone who is a total "Keynesian", but
I also don't want a total "Milton Friedman" either.
It is hard to find someone in the middle with
a set of boundaries for a global economy.
..
Mr. Jaggers
Not only that, but in one of his books he talks of his Dad throwing Indian
cents that customers spent into a container behind the store counter and of
his own later acquisition of it. He seems to understand numismatics, isn't
that refreshing?
> I don't blame the Federal Reserve System as much
> as the striping of government regulations that
> led to the mess the current economy is in
> now.
Even a lightweight survey of U.S. history from the beginning shows that
there were many a financial crisis while we were still on the gold standard
and before the Fed came into being. That alone should make us skeptical of
any quick fix that is proposed.
> The Nations economy was far more different in 1913 than
> it is now. Much more global.
That inconvenient truth would have to dealt with in any scrub of the Fed, as
well as any return to anything resembling a gold standard.
> I don't want someone who is a total "Keynesian", but
> I also don't want a total "Milton Friedman" either.
> It is hard to find someone in the middle with
> a set of boundaries for a global economy.
The current polarization in the political arena has virtually eliminated
moderates on both side of the aisle, and, I daresay, among the general
population as well.
James the Commentator
Peter
wrote:
"In your own words, discuss the aftermath and implications of
terminating the Federal Reserve System, accurately projecting its
social, economic, demographic, and political ramifications, both
internal and
international, one year, two years, five years, ten years, twenty
years, fifty years, and one hundred years out. Be thorough, yet
concise and to the point."
I think that your assignment would do nicely in high school and be one
that an excellent student might extend. I don't think it comes to
grips with some really fundamental points.
- Can adjusting interest rates contribute to economic stability and
prosperity?
There are an number of contrary views possible. One is that a system
of estimating the current economic picture and selecting the necessary
overnight rate, insofar as it might be effective is a feedback control
system with delay and imperfect knowledge. An elementary theorem in
control theory states that such systems are stable only if they can
accurately predict the future. Anyone care to estimate the accuracy
of the predictions available from the Federal Reserve?
- Is stability and prosperity really the best outcome?
Providing that, is probably not possible over an infinite range of
growth. If true, then the implied moral hazard of encouraging a
notion of prosperity and stability up to an unknown threshold where
the system no longer can continue to so provide may be a big enough
drawback.
- An inherent drawback of the gold standard was that it always set a
finite, predictable limit on the possibilities for national
enterprises (e.g., war). While clever leaders, in many cases extended
the limits somewhat under a gold standard, that system still seems to
have been more limiting than the federal reserve.
Composing a test question that requires predicting the future does
lead to a possibility of raising such questions, but I think that
questions that deal with fundamental stress on the systems are more
germane as are questions about the boundaries of validity.
Changing back to a gold standard is a fairly large enterprise and
should not be based on superficial study. A point to ponder is that
(as I understand it) Reagan was also interested in this idea and
actually asked Ron Paul to produce a plan. I gather he was not
satisfied with the result. Offhand I can't imagine a more favorable
environment to generate such a proposal and am thus a little skeptical
that you will get serious answers.
Mr. Jaggers
I am more than a little skeptical, I am totally skeptical. My point,
apparently lost on most, was and is that all I hear these days is people
shooting off their mouths on this and that political topic, normally
something that they heard some media blowhard intone, and without having the
least idea what they're talking about. Some of the best minds in the
country are at work on the very issues raised in Arizona's post, yet have
produced virtually nothing. I don't figure on changing any of this
single-handedly, and I should have known that my effort would play out
badly. Your thoughtful post stands way tall above the rest, however.
James
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:hefnk...@enews6.newsguy.com...
...
> I am more than a little skeptical, I am totally skeptical. My point,
> apparently lost on most, was and is that all I hear these days is people
> shooting off their mouths on this and that political topic, normally
> something that they heard some media blowhard intone, and without having
> the least idea what they're talking about. Some of the best minds in the
> country are at work on the very issues raised in Arizona's post, yet have
> produced virtually nothing. I don't figure on changing any of this
> single-handedly, and I should have known that my effort would play out
> badly. Your thoughtful post stands way tall above the rest, however.
mazorj's Law: UseNet is not immune to Sturgeon's Law.
In fact, when it comes to opinions on politics and economics, Sturgeon
should have upped that to two nines.
"The search for wisdom is asymptotic."
-- mazorj
"Except for Internet newsgroups, where it is divergent..."
-- R I Carpenter
Mr. Jaggers
How true all, and indicative that it's time for me to find a new line of
work. In fact, the French Foreign Legion is actually starting to look
attractive.
James the Engag�
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> mazorj wrote:
>> "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
>> news:hefnk...@enews6.newsguy.com...
>>
>> ...
>>> I am more than a little skeptical, I am totally skeptical. My
>>> point,
>>> apparently lost on most, was and is that all I hear these days is
>>> people shooting off their mouths on this and that political topic,
>>> normally something that they heard some media blowhard intone, and
>>> without having the least idea what they're talking about. Some of
>>> the best minds in the country are at work on the very issues
>>> raised
>>> in Arizona's post, yet have produced virtually nothing. I don't
>>> figure on changing any of this single-handedly, and I should have
>>> known that my effort would play out badly. Your thoughtful post
>>> stands way tall above the rest, however.
>>
>> mazorj's Law: UseNet is not immune to Sturgeon's Law.
>>
>> In fact, when it comes to opinions on politics and economics,
>> Sturgeon
>> should have upped that to two nines.
>>
>> "The search for wisdom is asymptotic."
>> -- mazorj
>> "Except for Internet newsgroups, where it is divergent..."
>
> How true all, and indicative that it's time for me to find a new
> line of
> work. In fact, the French Foreign Legion is actually starting to
> look attractive.
>
> James the Engag�
In the immortal words of the pre-Gilligan Bob Denver, a.k.a. Maynard
G. Krebs: "Work?!"
I thought that persons of a certain age (that would be us) had earned
the privilege of not being gainfully employed - which is the virtual
definition of UseNet activity. Lifting a finger to a keyboard (or to
an antagonist) is the next closest thing to never having to lift a
finger at all.
And if you're going to run off to the French Foreign Legion - quel
beau geste! - we know your French is impeccable (whereas mine is quite
peccable); but how's your Buster Crabbe imitation these days? Or are
you reading for the Fuzzy Knight role?
- mazorj the Retrait�
Mr. Jaggers
Ha! For me, work consists of going to town to watch them tear down the
Endicott Building!
> I thought that persons of a certain age (that would be us) had earned
> the privilege of not being gainfully employed - which is the virtual
> definition of UseNet activity. Lifting a finger to a keyboard (or to
> an antagonist) is the next closest thing to never having to lift a
> finger at all.
I guess it all depends on which finger is lifted, doesn't it?
> And if you're going to run off to the French Foreign Legion - quel
> beau geste! - we know your French is impeccable (whereas mine is quite
> peccable); but how's your Buster Crabbe imitation these days? Or are
> you reading for the Fuzzy Knight role?
Hey, if it'll get me to Valhalla at the end of this gig, why not?
James the Norseman (not the Horseman you were thinking about)
Frank Galikanokus
Exactly, the changes were made by a republican congress and the bills
were signed by a democrat president.
The scams run by real estate and mortgage brokers were also a
contributing factor.
JAM
George D
>
> I say go back on the gold standard...
>
>
Is there enough gold to do that?
50,000,000,000 total ounces total ever mined.
http://money.howstuffworks.com/question213.htm
World 6,799,124,987
http://www.census.gov/main/www/popclock.html
Thats about 7.35 oz per person
--
Government is a voracious monster that must have your labor to control
YOU! Your money is your liberty. The taxes you pay gently enslave you,
and eventually destroy any human liberty you have. Fear government, pray
for the country.
Mr. Jaggers
Nice try, Bob, I admit, you had me there for a while.
James
Mr. Jaggers
Nice try, Bob, I admit, you had me going there for a while.
James
Mr. Jaggers
Based on newly-discovered information, I hereby withdraw the above apology
to the person posting as "Tom Slick" and "Rex Garvin."
James
Arizona Coin Collector
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
Hello
This would not do any good unless a lot of people from RCC
complain on Bob Finnan.
X-Complaints-To: ab...@eternal-september.org
..
Mr. Jaggers
Bob Finnan? He hasn't posted here since the middle of July.
James the Researcher
Alan Murphy
news:F_VOm.73383$Xf2....@newsfe12.iad...
> Rex Garvin wrote:
>
>> I say go back on the gold standard...
>
> Is there enough gold to do that?
>
> 50,000,000,000 total ounces total ever mined.
>
> http://money.howstuffworks.com/question213.htm
>
> World 6,799,124,987
>
> http://www.census.gov/main/www/popclock.html
>
> Thats about 7.35 oz per person
>
150,000 x 1000 x 32.15 =/= 5,000,000,000 ounces.
Less than 1 oz per person.
That's why there was a bimetallic standard - silver
being more than 10 times abundant than gold.
Cheers. Alan.
PS. A guy sells wooden carvings out of a caravan at
the bottom of our lane. A sign above the caravan bears
the legend "Got wood?". Priceless :-)
mazorj
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
> Arizona Coin Collector wrote:
...
>> This would not do any good unless a lot of people from RCC
>> complain on Bob Finnan.
>
> Bob Finnan? He hasn't posted here since the middle of July.
>
> James the Researcher
Not as Finnan or any of his previous nyms. IMO he didn't stop posting, he
just went into drag and (mostly) cleaned up his act after the link to the
"Finnan monograph" was posted.