“Fed up, An Insider’s Take On Why the Federal Reserve is Bad for America”
This interview will air next week on our network of radio stations.
“Danielle DiMartino Booth has written an informed, thoughtful, eye-opening—and justifiably angry—memoir of her days at the Federal Reserve. A monetary broadside for our populist world.”
James Grant, publisher of Grant’s Interest Rate Observer
Click download link to listen on this device: Download Show
Next time!
thanks, it’s a tricky problem.
I don’t really trust the Fed, but I know I don’t trust many politicians.
I tend to believe our founding fathers were some of the most intelligent men.
We don’t need to replace the FED. The central bank is a Marxist concept and, therefore, evil. We need to define a unit of value, such as a certain weight and purity of some precious metal, and enforce the laws against false weights and measures.
Why is the Fed a privately owned company owned by participating private banks, in turn, owned by private wealth controlling economic policy for a sovereign nation, obligating future earnings, and doing so in secret and without audit. They have no motivation to protect the citizens of the US, but act only in the interest of its private owners.
Why? Because after Jackson there was nobody with enough influence to stop the Zionists.
Thanks Woodrow, best president ever.
According to the Zionists of course.
Look to Israel …….per BIX WEIR
Stanley Fischer calling the shot……per Bix Weir…….Stanley was a x Israeli central banker.
A free market can only exist among a people of faith. God withholds His blessings from the faithless by giving them false gods like Yellen who make slaves of the people by stealing the fruit of their labor.
yellen in only a goof ball……taking orders from her owners…….
Seriously, what an interesting comment Wayne!
Dang Owl……you are finally catching on………. 🙂
Fed Up…….
LONG TERM BUY GOLD……….
FEd feeds the warmongers………..
It would appear that way, OOTB
I actually caught up a long time ago, OOTB. But then again, you know that!
:0
🙂
It seems to me that the Federal Reserve was created to curb speculation, to aid business and the government so that they had a decent rate for funds and to facilitate world trade and avoid market meltdowns, unfortunately it is one of those situations where the idea seems great but in practical terms it doesn’t work. The market needs to regulate itself and if it creates a crash every so many years so be it, that is what worked before and will work again.
DT, central banks are set up to plunder and enslave society for the benefit of a super elite few. Total control is the name of the game.
“It is no coincidence that the century of total war coincided with the century of central banking.”
― Ron Paul, End the Fed
“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”
― Carl Menger
“Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and through its Board of Governors manipulates the credit of the United States.”
—Sen. Barry Goldwater in With No Apologies (1979), p. 282.
Last but far from least…
“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.”
—Rep. Louis T. McFadden, former Chairman of the Committee on Banking and Currency. Congressional Record 12595-12603 (10 June 1932).
Remember, this was a former bank president and member of the Republican Party speaking! McFadden added:
“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.”
https://dandelionsalad.wordpress.com/2008/07/21/louis-t-mcfadden-1876-1936-an-american-hero-by-richard-c-cook/
Matthew, I can’t disagree with your quotes all I can say is I’m glad you pointed it out. I can always count on you to paint the picture with a black brush. LOL!
Matthew is spot on………..
Forget the book and THE FED Mrs. Booth is a beauuuutiful woman.! wowweee…::)
It seems to me that the Federal Reserve really does nothing that the Treasury could not do.
However it does provide an extra degree of separation between the money printing and the politicians.
Is it worth the extra cost? Probably not.
But without that degree of separation would excessive printing of money occur more frequently? Probably.
The real question then is more probably…..How can the politicians be constrained better if the Fed were abolished?
Is there any constitutional amendment a politician/the President not choose to ignore or side-step?
Balance budget laws have never worked.
Corrupt politicians still get re-elected all the time
Many people truly believe HRC should be in jail, but she was almost re-elected
A 56 minute video everyone should watch………..
http://www.zerohedge.com/news/2017-04-29/all-plenarys-men
A fireside chat with Danielle Dimartino Booth:
“boomer have no place to hide”…….
like this is a revelation ……..she finally shows up at the KER…..
oh, I am glad she is a guest…..and been part of the FED…..give some validation to what many have been talking about for YEARS.
you got it OOTB!
thanks for the post……enjoyed………OOTB
thanks CFS, I did watch it.
try this one instead
CFS,
Thanks for the video…I wonder if Janet Yellen can put that video up for all to see before she give those stupid gobbledeegook press conference after each FED meeting
She is a stone cold idiot…..someone in the fed/ members are telling her what to do, ….like “just act stupid”
https://youtu.be/tMcSeE0ress?t=1271
Mike Maloney on the Fed.
Can just imagine what would happen if they actually tried to do that!
HO,HO,HO……..Congress passes funding bill…….Till Oct 1…..told ya, they would, they want their pay checks. Nothing has changed and it is not going to change…….Debt going up to $25 Trillion. Going much higher just to cover the kick backs ,special interest, after all, Obama speaking Fee are $400,000 per hour and who pays for that……..Rant of the morning….or just a half rant.
Like Trump said………..going to be HUGE……… or read between the lines…lol
Stanley Fischer…….is ex Israeli Central Banker…..second in command at FED ….but really calling the shots……Bix Weir
Since no one knows who owns the FED(except the fed owers)…this should be an eye opener……jmho
Goggle the article that Forbes came out with regrading Mr. Fischer.
thanks OWL…….read the article……..seems he is good at blowing bubbles, causing the Israeli housing market to be over priced with low interest rates, caused rents to explode, and inflation to rise.
Wonder if he has an American and Israel citizenship …
SLV down 11 days in a row and closing 5 days under the bollinger bands? That is completely unnatural behavior.
You might want to visit .. silver stealers.net article…..silver is not going anywhere as long as the CFTC does not do enforcement… the election by TRUMP who picked Chris Goanccarlo Head of the CFTC, who happened to be Vanderbilt Family Agent, Trump has no plan to see gold and silver in a free market.
All this is tied together. Historically and politically …….
SLV’s 3 day RSI is under 1 now. That is extreme. I wouldn’t expect some sort of rocket ride back upwards. This looks a lot like late November 2015, where silver was down an absurd number of days in a row and didn’t bottom out until a month later.
AXU’s 50 day EMA about to cross below the 200 day ema. That is a terrible sign IMO, if you see how solid an indicator it has been in the past of bull vs bear.
Thanks for our input Spanky!
GCC up solidly today so far, which is a good sign. Not out of the woods by any means though. May just be a backtest of the neckline.
$17.06 silver……….smashing again as they can until they do not……..JPM the govt/fed whore until they pass the torch..
$17.03….hello $16.99
oops…….$16.89……..time to start the engine on the truck….buy of a lifetime coming.
$16.85
why not $15.99
What you did not ask Ms. DMB is with what, if anything, would she replace the Fed, and does she really trust politicians to be solely in charge of the money supply?