Chris Temple weighs in on the question of “would a free market be better than the manipulation that is currently in existence?”
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Would we be better off today with Adam Smith’s “invisible hand” in charge instead of the Federal Reserve Bank?
Bless who, Indiana?
G. Edward Griffin would best reply to this question.
You know, I had Mr. Griffin on the Show a long time ago. He is an interesting man!
He was just on Greg Hunters USA watchdog this last Sunday. Good article and the video half way down is about 30 minutes, but Mr Edward Griffin makes some great points.
Federal Reserve System a Run Away Machine-G. Edward Griffin
By Greg Hunter On June 21, 2015
http://usawatchdog.com/federal-reserve-system-a-run-away-machine-g-edward-griffin/
Here is his latest and it is not one of sweetness and light for the Fed:
http://usawatchdog.com/federal-reserve-system-a-run-away-machine-g-edward-griffin/
…………….TWO HEADED SNAKE NEEDS TO GO………
That is great Eddie!
Yellow , a good color for a two headed snake politician……….
Bet you didn’t know there are three headed humans…
http://www.coasttocoastam.com/article/interview-with-3-headed-human/
Born in Indianapolis…1963……..now that is a hoot…………..
Eddie, you always make me laugh.
Jerry…er…Frank maybe the were/are your neighbour?
I think that was the group who won the Triple Crown………
Here’s one head of the snake and probably yer next prez…btw…she does not want you to see this photo…
http://www.norcalblogs.com/postscripts/files/2015/06/hillary-for-prez.jpg
Please bring Ron Paul.
“Thus far the Russian response has been incredibly restrained, but that may not last forever. Continued economic pressure from the West may very well necessitate a Sino-Russian monetary arrangement that will eventually dethrone the dollar. The end result of this needless bullying by the United States will hasten the one thing Washington fears the most: a world monetary system in which the US has no say and the dollar is relegated to playing second fiddle. ”
This one be a good topic for Jeff Deist, actually.
We will call him.
4% on 18.3 trillion= $732 Billion.
How long can they keep interest rates artificially low? If interest rates even return to half their normal rate it’s lights out for this economy.
Pelosi and Boehner are both the same breed of everything wrong with Washington, D.C. They should elope together to France living out the retirements on bribes and get out of the country they’ve done a good job ruining.
they can do the TWO HEADED SNAKE DANCE on the way out……..
Boner and Pelosi sharing a meal…
The lovely couple was also seen here…
wild.
My God guys – if I didn’t have a phobia about snakes, I have now!!
Probably my absolute worst phobia, Reverend!
funny and splendid idea Wiseguy!
We are living in the end days of democracy.I don’t blame the Fed. It was never intended to control the whole economy, since it can only increase or decrease the money supply.
Economies are supposed to be controlled by politicians; the people that make the laws.
I knew that sooner or later democracies usually fail. Usually when the vote for themselves too much largess from the public purse; what is often referred to as socialism.
This time it is failing because of the corrupt nature of the so-called leaders of both parties in Congress, whose primary goal is self-enrichment and continuation of their power.
This, of course, is aided by a president who appears to be hell-bent on destroying the U.S. as we know it.
We need a revolution!
Since it can “ONLY” increase or decrease the money supply?
The Fed has been instrumental in the takeover of the economy by an elite few. Large, connected entities, public and private, have thrived at the expense of everyone else thanks to the Fed.
Good point, Professor!
This is a country run by criminals.
that is a low blow to the criminals………..I am not sure they should rank so high..
You can trust your allies …
Hollande calls for proof Obama kept his vow on surveillance after 2013 revelations …
The proof was on Hillary’s email server :).
That surprised me a lot actually, Gabriel!
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
So let’s review:
1. The Fed is privately owned.
Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.
2. The fact that the Fed does not get “appropriations” from Congress basically means that it gets its money from Congress without congressional approval, by engaging in “open market operations.”
3. The Fed generates profits for its shareholders.
http://www.globalresearch.ca/who-owns-the-federal-reserve/10489
You might want to send that to the members of congress………..and the newbees……..
You would also have to read it to them!
good one OWL…………..
“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.” Louis T. McFadden
https://dandelionsalad.wordpress.com/2008/07/21/louis-t-mcfadden-1876-1936-an-american-hero-by-richard-c-cook/
“From the Atlantic to the Pacific our country has been ravaged and laid waste by the evil practices of the Federal Reserve Board and the Federal Reserve banks and the interests which control them … This is an era of economic misery, and for the conditions that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.”
nice post…………………..j
Good quotes and the sad reality of the beast from Jeckyll Island.
I posted Edward Griffin’s interview video and article from USA Watchdog up above at the top of this blog. The interview was very interesting and Mr Griffin made some great points.
ditto…………great point……
The actions of the central banks trying to prop up a doomed system reminds me of our leadership in the Vietnam era, particularly the military leadership. Their metrics of what it took to ‘win’ were cock-eyed. Bombs dropped, sorties flown, bodies counted and buried, artillery shells expended all showed we had to be winning……………yet in the recesses of their minds they knew we weren’t. There were some new rules in the game and we were unwilling to learn them. The old answers and applications didn’t work any longer. However, if what you believed would eventually win, then we must not be doing enough. They increased all the numbers, to no avail and things didn’t change. Finally, they threw up their hands and went home.
The Central bank’s old game rules don’t work any longer and they have the same dilemma. I guess the main questions then becomes: What do they do now since they can’t simply throw up their arms and go home? Many think the ‘markets’ will force new rules on them……..What then???
OffTopic :
Nice write ups in the Resource World Magazine.
1. GCU.V Gold Canyon Resources. Largest undeveloped gold resource in Canada owned by a junior.
2.CFO.V Clifton Star Resources. Cashed up companies worth watching.
3.NXT.V Natcore Technology. New Discovery Promises Record Setting Solar Power Output at No Additional Cost.
Thanks, John K
John K, I could not find these write-ups. Do you have a link?
Thanks
Another agreement in the pipeline and marked for “fastrack”. This agreement known as TISA, which is the trade in services agreement covers 80% of the American economy and all sorts of services, including financial services, which means banking. Does this mean we can’t regulate banking anymore? Here is a link to the article.
http://usawatchdog.com/we-dont-know-how-bad-secret-obama-trade-deal-really-is-ellen-brown/
The invisible hand belongs to the invincible, immutable, infinite, indefatigable, immense God of the Bible. Praise Him!
AMEN Wayne, Amen!!
QE forever. Gonna be 20 years before we see 1% rates.
Chris, I believe you are spot right-on. And Al, you are so right to call the situation “sad.”
The question of free markets is a multidimensional, where the two most obvious dimensions are Main Street and Wall Street–but there are also global aspects to the question which will remain silent in this post..
On Main street a free market economy exists when labor and capital compete from profits and governments only role is to ensure honest dealings among competing parties. To the right of that is fascism, where corporations control the government by owning and operating those who work for the government. To the left is communism, where the government owns the corporations. In both cases the plebes are screwed.
On Wall Street, free markets enable capital formation as venture capitalists risk their money to build a company hoping for a net profit their venture. Beyond that is a corrupt market of crony capitalists who profit primarily from the largess of government and also front running honest investors while manipulating markets for profit via derivatives due to their enormous size and the availability of liquidity. And when things go bad, they get bailed out by the taxpayers and everyday people either directly or indirectly. In short, crony capitalists have very little interest in capital formation for the growth of an economy as envisioned by Adam Smith; instead they privatize their profits; socialize the loses as they churn the markets to skim the cream of the top. Here again, the plebes are screwed.
So back to the topic question: Yes, everyone but a very few power elite be better off with free markets instead of what’s going on today? Of course, even the power elite would do well, just not any better than now because it’s as good as it gets for organized crime both on Main Street and Wall Street.
bless you………….