F@#k The Fed (A Central Bank Love Song)

This is a really good song, no joke.

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Video:  Fuck the Fed -- By Neal Fox

It's not a profanity-laced tirade.  The message is the following:

• "The Federal Reserve is not a government institution.  It's a group of privately-owned banks to whom Congress illegally gave away the right to print the nation's money.  Now they print it, loan it to us, and we pay it back with interest."

What follows is a simplistic assumption that has several caveats, but, if we still retained the right to print our own fiat currency, we would not have a national debt, as it would all have been printed away free of charge.  However, the power of the nation's printing press in the hands of Congress would not be without its own complications.

Comments

[DailyBail]

The California NAACP president whose ballot argument supporting Proposition 20 appears in voter information guides is being paid tens of thousands of dollars by the campaign to serve as a consultant, records show.

http://www.sacbee.com/2010/09/16/3033278/california-naacp-chief-signs-ballot.html#ixzz0zpSF2XZY

[DailyBail]

Just Say Now: Legalize Marijuana

http://firedoglake.com/justsaynow/just-say-now-sign-the-petition

Big new movement...sign the petition...

[DailyBail]

Flipping NYC Real Estate Is So Easy, Even Vanilla Ice Can Do It

http://www.nytimes.com/2010/09/16/garden/16qna.html?partner=rss&emc=rss

[DailyBail]

GREEK DEFAULT: IT’S ONLY A MATTER OF TIME

http://pragcap.com/greek-default-its-only-a-matter-of-time

[KingofthePaupers]

Jct: Looking for some music:
Two notes used in America can clearly show the way,
Both legal tender now down south. They can be spent today:
"United States Note" issued by the nation's Treasury,
And "Federal Reserve Note" which is banker's currency.
Their fronts are very similar except the name they state,
Their backs are very different, it means another plate.
The Treasury provided notes for federal expense,
And taxed them back to balance books with numbers that made sense.
In 1913, other plates were given to the banks,
Creation of the money. They gave politicians thanks.
The Government had given banks permission to create,
A batch of brand new money to be lent at interest rate.
The Government then borrowed from them and at their request,
The Congress passed the Income Tax to pay them interest.
One Congressman objected, Louis T. McFadden, loud,
"The greatest crime in history," he said with head unbowed.
Ten dollars out, eleven back, it often takes a while,
But after years, the end result's a melancholy style.
The money from the Treasury, its use did almost cease,
To pay the interest to banks, the taxes did increase.
And when we ask "The Treasury, why is it never used?"
In answer, we get silence and an attitude bemused.
So to this day the bulk of the American supply,
Is borrowed from the banks at rates that make debts multiply.
All Governments do service debt by taxing you and me,
Instead of letting Treasury create it interest free.
I see no reason for a tax to pay them interest,
When use of plates by Treasury would lower taxes best.
The money from the Treasury was used down south before.
The "Greenbacks" used by Lincoln paid to win the Civil War.
The "Continentals" did their job until King George did state:
"There'll be no use of your own plates, for gold you'll have to wait."
Though we've been told that their revolt was over tax for tea,
Ben Franklin said "The war's because they took our currency."
From: http://johnturmel.com/poembank.htm

[black swan]

These are the banks that own the Fed.

* BNP Paribas Securities Corp.
* Banc of America Securities LLC
* Barclays Capital Inc.
* Bear, Stearns & Co., Inc.
* Cantor Fitzgerald & Co.
* Citigroup Global Markets Inc.
* Countrywide Securities Corporation[1]
* Credit Suisse Securities (USA) LLC
* Daiwa Securities America Inc.
* Deutsche Bank Securities Inc.
* Dresdner Kleinwort Securities LLC.
* Goldman, Sachs & Co.
* Greenwich Capital Markets, Inc.
* HSBC Securities (USA) Inc.
* J. P. Morgan Securities Inc.
* Lehman Brothers Inc.
* Merrill Lynch Government Securities Inc.
* Mizuho Securities Company USA Inc.
* Morgan Stanley & Co. Incorporated
* UBS Securities LLC.

The western central banks, along with these banks, must either be destroyed or be allowed to fail. Many pension funds and insurance companies will fail along with them, but they are all going to fail anyway, eventually. Additionally, entitlement programs will have to be cut dramatically. The money to fund them does not exist, it must be created out of thin air. Somehow, China, which doesn't have much in the way of entitlement programs, is not only surviving, it is thriving. Even with no entitlements, Chinese lifespans are increasing. The banks and the bondholders deserve to get major haircuts, but so do the entitlement holders, including many of the 51% of Americans who receive US Government assistance based on their degree of uselessness to society..

[DailyBail]

@black swan...

here's what i find interesting about that list...

lehman is listed as one of the fed's owners...but the fed wouldn't give lehman a bailout...

makes me question the veracity of that list...i've seen it elsewhere and had the same question, so i'm not picking on you...

[Davol]

I think it's obvious that Lehman was setup to fail so that the other banks could write off a lot of the toxic assets onto the bankrupt Leman balance sheet. Kind of a necessary scape goat.

[profnasty]

My understanding is the FED is primarily the FRBNY---Lloyd Blankfein..This bank is truly owned by Rothschild. Moses Saif and some Kahn guy. Probably 'controlling interest' is the issue here. Somebody who owns 1000 shares of Ford stock does NOT own Ford. We believe there are roughly 300 families who have controlling interest in the world economy. 300. Rothschild NUMBER ONE! Booyah!.

[Boss]

I love the message in the video, it's to bad that I can't advertize it to many of my colleagues becuase of all the F BOMBS. The F word is TOTALLY CLASSLESS!!!!!!!!!!!!!!!!!!!!!!!!!

Show some class too Dailybail and post a video that is more family respectable. Otherwise this sight becomes less professional.