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In my opinion this is like me saying: Greider's The Secrets of the Temple came out in '87. People have similarly considered the central bank a top threat for hu

In my opinion this is like me saying: Greider's The Secrets of the Temple came out in '87. People have similarly considered the central bank a top threat for hundreds of years. It's so laughably obviously a tool of the plutocracy, but just as Clapper testified before congress and other reputable sources had claimed the NSA was not conducting domestic surveillance, as is the case with the Fed's missdeeds. Just have a look at the Fed's website yourself(1). They always try to say, in roundabout ways, that they are not creating money out of thin air, but that is exactly what they do: when the Fed's balance sheet ballooned after 2008 by over 4 trillion dollars--where do people think they got 4 trillion dollars from? That's 4 actual trillion dollars--not being snarky here. So while I can somewhat agree with you, but I hope you can see my point about what gets labelled as a conspiracy doesn't matter if a lot of reputable people like Bernie Sanders, JFK, Ron Paul, Aaron Swartz, etc have already called foul. Anyways the EFF has a useful timeline for NSA spying: https://www.eff.org/nsa-spying/timeline https://www.eff.org/nsa-spying/timeline 1 - https://www.federalreserve.gov/faqs/money_12853.htm https://www.federalreserve.gov/faqs/money_12853.htm

antonvs 9y ago
> They always try to say, in roundabout ways, that they are not creating money out of thin air How else would one create money?
- zaphod4prez 9y ago
  By acquiring whatever backs the money and printing money that represents it. In other words, the treasury would buy gold from somewhere else, and create money representing that value. This is how our monetary system worked when it was gold- & silver-backed. Now it's a fiat system, where there is no reserve of some asset held to back the currency ("out of thin air").
  - antonvs 9y ago
    That "backing" is nonsensical. A currency is a proxy for the wealth in an economy. All that using gold or silver to "back" it does is cause the price of that commodity to rise to reflect the size of the entire economy. As such, the "intrinsic" value of the commodity is irrelevant - it may as well be paper. Which is why that's what it now is.

antonvs 9y ago

> They always try to say, in roundabout ways, that they are not creating money out of thin air How else would one create money?

zaphod4prez 9y ago
By acquiring whatever backs the money and printing money that represents it. In other words, the treasury would buy gold from somewhere else, and create money representing that value. This is how our monetary system worked when it was gold- & silver-backed. Now it's a fiat system, where there is no reserve of some asset held to back the currency ("out of thin air").
- antonvs 9y ago
  That "backing" is nonsensical. A currency is a proxy for the wealth in an economy. All that using gold or silver to "back" it does is cause the price of that commodity to rise to reflect the size of the entire economy. As such, the "intrinsic" value of the commodity is irrelevant - it may as well be paper. Which is why that's what it now is.