Do you have a point? Yes they are appointed and yes they have terms. FOMC is the Federal Open Market Committee. This information is widely available.
so the fed reserve is owned by private interests however is regulated the agency of gov't like the post office only on which members are elected. sounds like a lot of wasted breath.
Why are you bumping this thread if you still can't answer the questions or back up your views? Have you figured out the difference between the FOMC and the regional Federal Reserve Banks yet?
There are many books on the subject, PB. Go read one. They explain all of it in hundreds of pages, which I haven't the time or organization to type in here.
The Fed Reserve Board is appointed by the president (who is controlled by whatever behind-the-scenes power controls him) and approved by the senate (once again that behind-the-scenes power). Why does it matter if it meets the definition of "Federal"?
It doesn't matter. You're absolutely right. We're basically just arguing for the sake of it, which seems to happen a lot around here.
yes. it's hard to talk about a phantom entity who controls the world that doesn't want anyone to talk about them.
When someone refuses to even aknowledge that the Federal Reserve is not a government agency, it is sorta hard to try and tell them it doesn't matter because the government is controlled too. I mean, they see the FED conspiracy as ridiculous, so it's easier to argue that one matter than to get too big for them - they'll just say you're nuts. That was a bit muddled, but I hope you got it.
That's because you are. The sooner you admit it, the less fustrated you'll be. You might even get laid once in awhile too. Double bonus!!
Mike, you're right. But that's the point. The conspiracy theorists come up with some theory and back it up with pseudo science. It is outrageous that the Fed is privately owned! But when you start asking questions, they all run away like cockroaches when the light is turned on. They can't defend the theory, so they use the universal back up excuse - it doesn't matter because the lizards control everything! So then you have to ask, if the lizards control everything, what difference would it make if the Fed is private or not? Of course they can't answer that, but in their little circular logic minds, they haven't been refuted because their universal back up excuse (AKA rule #1: everything is a conspiracy because its a conspiracy) still holds. Of course I refuse to acknowledge something which isn't true. You still don't know what the Fed is which is why you need to do bullshit evasion like " There are many books on the subject, PB. Go read one. They explain all of it in hundreds of pages, which I haven't the time or organization to type in here." If you can't defend your own theory, then why do you expect us to do it for you? You don't know what "The Fed" is. You don't know where monetary policy in controlled. You don't even know what monetary policy is. All you know is that there is a conspiracy, and if anyone disagrees with you, all you have to do is tell them to "go read books" and that somehow proves you're right.
You have no idea what I know. I think you're hearkening back to what you said to Rat (maybe in another thread, maybe this one - I forget). You told him he doesn't know what such and such is, doesn't know the differende between such and such, etc. I believe he does, and I know I do. So shut your mouth. The FED is not a government agency. You've been manipulated on a grand scale, just like most other people. So, go read some books on it, like I have. I don't have time to argue it with you when you won't believe what I say anyway. And before you say I'm running away, I'm not. I stand right beside the issue, and you can quote me on it. But I really don't give much of a fuck what you think, because you're an idiot, so arguing it with you is not worth my time.
Believe what you want. The problem is getting you to prove it. Stating this does not make it fact. You have to prove it. If you've read books, then why can't you explain it? I can explain my view in my own words, why can't you do the same? Yes, you stand by your view that the Fed is not a government agency. But I'm not asking you to stand by it, I'm asking you to back it up. Away runs the cockroach.