The Dangers of an All-Powerful Federal Reserve (Infographic)

The Dangers of an All-powerful Federal Reserve


2 Responses to “The Dangers of an All-Powerful Federal Reserve (Infographic)”
  1. BOBBI SWANN says:

    @John R – you make a really good point. Problem is the Federal Reserve is NOT part of the Federal gov’t. It is a seperate entity composed of the members of all the banks! Now…once that hits home it is easy to see why and how they can come up with so many different numbers, right? They (Federal Reserve) Federal Reserve System “is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. Already choking??? The Fed, Reserve has never been audited (tried but never succeeded). To read more about the F.R. I suggest you google Federal Reserve and read wikipedia.

  2. JohnR says:

    OK… I did a little fact checking on this one when I saw the “$1.2 Trillion lent to the 30 Banks in the world”

    I came up with this…

    The True Cost of the 2008 Financial Crisis–$12.8 Trillion

    The Financial Crisis Cost More Than $14 Trillion: Dallas Fed Study

    Financial crisis cost households $17 trillion, Treasury official says

    Financial Crisis Cost Moves Toward $25 Trillion – 24/7 Wall St.

    Now, besides the obvious fact of this graphics trying to represent $1.2 T instead of… whatever number seems to be right…. I’m also kinda amazed at all the other numbers! I mean, I once deposited $100 into my checking account at a drive up window. I didn’t look at the receipt. I went home and paid the paperboy (wrote a check) bought a pizza (wrote a check), bought some gas (that’s the way we did it before credit cards you know) (wrote a check) paid my $12 telephone bill (wrote a check)… and in a couple of days started getting notices from the bank about all my bouncing checks. Seems the cashier decided she needed the money more than me and had just given me a receipt for $0 and I hadn’t checked. I lost. But the point here is…. it takes 10 X $10 to equal $100. It takes 10 X $100 to equal $1,000. But it takes 1,000 X $1,000 to make $1 Million and it takes 1,000 X $1 Million to make $1 Billion and 1,000 X $1 Billion to make $1 Trillion. And they busted my ass with $60 in check bouncing fee’s on 6 lousy checks back then so how the hell can they be so miserably off in their accounting… unless they’re lieing and if they’re lieing…. why? We certainly pay them well for doing their job… I know I’ve certainly put in long hours of extremely hard work and spent years learning my “professions” and they already, in just their base pay, make more money than I do and I have to create/repair and maintain where as they only shuffle/sell/store and manage paper products. Their jobs a piece of cake compared to most others I know of. So I say it again… How come their math is so bad? And how come they’re not being made to pay for it?

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