Repub debates tonight, Paul slammed

[bndrulez 10+ year member]

Oh well. No point in wasting anymore time.

 

[Flipx99 5,000+ posts]

Oh well. No point in wasting anymore time.

I'm interested to hear about this company.

 

[WhoSayWho? 5,000+ posts]

I'm interested to hear about this company.

x2, we want to learn. Please have patience. I bet a lot of people do not know about the Federal Reserve being a private company.

 

[Flipx99 5,000+ posts]

I hope my dean doesn't see, I'll be kicked out of the MA/PhD program for sure.

 

[newusername 10+ year member]

The US Federal Reserve is not a government agency...

edit: To clarify, the presidentially-appointed Board of Governors of the Federal Reserve are considered a government agency, but they are only a part of the Federal Reserve. There's also the FOMC, some regional Federal Reserve banks, and some private banks as well (but they are required to subscribe to non-transferrable stock in the regional Federal Reserve banks).

Although I'm sure I don't need to tell Flip this.

I think there are problems with Central Banking Systems like this (as does Ron Paul, who is a member of the House Subcommitte on Domestic Monetary Policy). He would know better than I. Most notably, I think they haven't always been responsible with control of inflation....but that's a very mixed bag.

 

[faulkton 5,000+ posts]

The US Federal Reserve is not a government agency...

we've established that.

It's a business.

I think its owned by walmart or something.

 

[Flipx99 5,000+ posts]

The US Federal Reserve is not a government agency...

Then what is it? The website has government all over it. The employees are government employees?

It's not an angency like the DoD. But it is not a private company like Dell either.

 

[tappin_azz 10+ year member]

he's right you guys. its run by a group of wealthy men and women that meets tri-annually at a secret location know as.....the meadows.

 

[Flipx99 5,000+ posts]

I see what you mean because the banks that cause the money supply to increase/decrease (which is how they control interest rates) ARE companies. But the federal reserve itself is a government organization.

 

[WhoSayWho? 5,000+ posts]

The US Federal Reserve is not a government agency...

looksee you Canadian, you stay out of the affairs of these United States.

And it is neither fish nor fowl, but more fowl than fish. So there.

 

[newusername 10+ year member]

Sorry, I had to edit like three times. Hopefully it makes a bit more sense now.

 

[newusername 10+ year member]

he's right you guys. its run by a group of wealthy men and women that meets tri-annually at a secret location know as.....the meadows.

The Federal Reserve does have a tendency to be a bit secretive...they meet behind closed doors and don't release any information on those meetings until 4 or 5 years later. I think there would be more trust if they were more transparent.

 

[WhoSayWho? 5,000+ posts]

Sorry, I had to edit like three times. Hopefully it makes a bit more sense now.

Stay on your side of the border.