Quotes About The Federal Reserve And Central Banking

Well said. We truely have the best Gummint that money can buy, and has.

It's good that you know you have a problem. A start.

And you don't ? Maybe all that cigarette smoking has destroyed your brain to the point where you feel it's socially acceptable to take cheap shots at the messenger because you can't think of any supportable facts to state to discredit his message. Current.com wasn't instituted to be a forum for ad hominem personal attacks, but rather to socialy discuss the news. There are at least 10 poisonous substances in cigarettes that no one can legally bury in a landfill. Yet you apparently bury them in yourself. It's a lot easier to imagine faults in others than to see them in yourself, bud. That's a little too close to home isn't it ? So much for your cheeky quips. Next time you get the itch to wipe your ass on someone else, don't.

PC, I don't disagree with you that 9/11 is an inside job, but where I draw the line is the association with our monetary system. It was overwhelmingly BAD FISCAL AND MONETARY POLICY that got us into this mess and it is GOOD FISCAL AND MONETARY POLICY that is getting us out.

I have a few items for you "end the fed" folks.

1) If it's a racket that people are making billions and billions of dollars a year on, then where is the trillionaire? Heck, I would be happy with a 100 billionaire.

"In sum, the 20 richest people on earth are worth $416 billion, more than a third less than last year's sum."

-Forbes magazine

The Waltons come close to $100 bill as a family, but it doesn't appear that the richest people on the planet got out scott free.

WHERE'S THE MONEY!?

SHOW ME THE MONEY!!

It doesn't exist.

2) END THE FED.... then what? Generally some form of commodity backed or commodity minted money is suggested. If not commodity backed money than what?

3) Explain how slow inflation is a bad thing, or is worse than the hyperinflation or deflation associated with any currency that is directly associated with a particular commodity.

It seems to me that you guys who are so anti-fed are also anti-economist. Economists understand the system just fine.

As the Govt. got bigger, our money and we got smaller. Funding them without compensating by other means meant the devaluation of our money anyway. But that trend accelerated out of control with the FRS. You talk of Trillionaire.The 4 bankster factions who are co-owners of the Federal Reserve could likely quality for that title, not as a single individual, but as a committee with measureless vastly diversified holdings.

Of course, no single individual could ever be worth that much in today's hyper
inflated currency valuation. Even John D. Rockefeller, whose Standard Oil company held a Monopoly, and who donated $100 Million to his foundation in the era of Theodore Roosevelt, and which would be worth 5 Trillion "dollars" in FRS currency redeemable for 20 Trillion copper nickel Washington quarters in 2010,is gone. It's when you factor in the extreme waste which a central banking system loans good money to finance 2 World Wars,as easily as it would to banks to loan you a mortgage to buy your home that creates a black hole debt which destroys the value of Constitutional money not once but twice over, that means that original money is gone. It was destroyed with the wars' destruction of all the time, labor,materials and other resources which went into producing the homes,farms,cities, industries,people's lives that created that money. Our grandfathers' commonwealth was destroyed in conducting the war, because the investments were aimed at destruction, not constructive purposes. Even after war's end I saw veterans from PT boats lament they almost cried when they had to set fire to their boats which were made of mahogany. The Marshall Plan which rebuilt Europe placed the Government in the role of an insurer to again borrow to rebuild all the World War's devastating replacement costs. The USA is still carrying the national debt financing of 2 World Wars, and the financing of rebuilding the damage caused to Europe during the last World War equally as to offset all the yearly
deficits for the past century. We're as addicted to credit as junkies to heroin.

Before the "Fed" the evolutionary trend was away from Usery based Slavery.But by not having a Treasury producing U.S. Notes redeemable for precious metals kept separate from the establishment of a central bank of Americans,by Americans, for Americans, which is transparent, accountable to all...We can see what has transpired. The NWO banksters profit more from fomenting wars behind the scenes so they can lend money to rebuild from the devastation they cause, than if Americans managed their own affairs to accomplish a goal of Peace & Prosperity. The system we "have" has us instead by the balls. It's only getting worse.THEIR "Fed", not ours has been taking the USA for a ride for nearly a century now. And by keeping their taxi meter running through the national debt clock, we have an unmanageable debt liability Borrowing from the future to pay for today, instead of paying as we go along,has resulted in inflated currency, stagnant wages, credit crunches to those who could build the economy. As BBar said, it's an inflation tax which the lower and middle classes bear. That has the effect of soaking up their wealth in terms of time and labor which really IS genuine money, and sending it to the wealthy. The "Fed" prints more funny money, inflating its value worse to compensate,so the vicious cycle, uber rich began accelerates.

OK, you can't identify a banking family or individual with the money. SO, now a committee controls a lot of money that POSSIBLY reaches into the trillions? Come on, I need a source for that claim.

Since the claim that there is an individual who is controlling everything has been debunked, my new question is: Where is the trillionaire committee? Can you show me the 4 banks, and their audited financial statements? Honestly just identifying them and giving me a link that confirms their existence would be a start.

MOVIN ON.

The rest of my questions you didn't really answer, but you did say this, which is what i've been fishing for:

"Borrowing from the future to pay for today, instead of paying as we go along,has resulted in inflated currency, stagnant wages, credit crunches to those who could build the economy."

OK, Borrowing to build cost-effective public infrastructure does NOT result in stagnant wages or inflated currency. Borrowing for any reason doesn't cause credit crunches. If anything, it causes excess credit supplies which result in busts. No one is advocating using expansionary policy during a boom and peak except for the bush administration, republicans in congress, and Alan Greenspan during his tenure at the fed. Using expansionary monetary and fiscal policy during a crunch is exactly what you are supposed to do, unfortunately bush and greenspan dropped the interest rates so low that we can't drop them any lower in the interest of spurring productivity so we are stuck with fiscal policy.

Inflated currency happens when the government spends money and has nothing of value to show for it. Example: Wars and defense spending.

Spending (like obama is doing) on teacher salaries and public infrastructure are GOOD THINGS. Medicare/Medicaid and Social Security are supposed to be a wash, and pay as you go.

The fact of the matter is, all that matters is the nature of the decisions made by those in power and ultimately, the people. Sure, people got more than they bargained for with bush, but they should have known better... I was in high school at the time and I knew better. The people got the president that the electoral majority deserved. The platforms of the respective parties matter, and your energies are wasted on this fed issue.

In short, none of these negative RESULTS that you are fighting so hard to stop have anything to do with a central bank and fiat currency, they only have to do with the ABUSE of a central bank and fiat currency. And yes, inflation tax without a respective high income tax is a problem.

Thank you for your discourse. I think you may have misunderstood some of my questions, or at least some of the facts I stated. To identify an entity of Trillionaire status, the closest thing I can think of would be the original 4 banking families who own the Federal Reserve Bank System. Their organizations,property & controlling interests might qualify for that immense fortune. My understanding is that in order to fully understand something you need to compare/contrast it to something else. I included the only historical figure who was ever known in American History, John D. Rockefeller, as the only living equivalent to a $5 Trillionaire, as we know money today, The Rothchilds, Builderbergs, Rockefellers, and Morgans, if correct, are the banking families establishing the FRS system.Their decendents own the Fed. I never claimed 1 living individual controls it all.

As I was mentioning, which might have eluded your understanding, the "dollar" is a farce which has no Constitutional meaning any more, and hasn't for 40 years, when copper/nickle replaced Silver coinage. You may indeed too young to fully understand the necessity, and simplicity, of commodity based money. But historicaly,the dollar is Constitutionaly based. So that when they abandoned the Constitutional legal standards for redeeming U.S. Treasury notes, and instead substituted soley fiat money, there was no dollar anymore. From 1792 through 1964 U.S. Notes redeemable for a Constitutional dollar(an oxymoron realy since you can't have one without the other).existed, but were CONVERTED into Federal Reserve Notes slowly for the 50 years of the Fed's existence before that due to the collossal debt devaluing the dollar so badly the currency could no longer purchase Silver. FRS continued to call it a dollar. For that matter we still see Copper on the aluminum cents that are still minted, but it's only a facade because the Copper is only a thin coating to con the People. Copper cents haven't been minted since 1982.

My idea is maintaining 2 separate systems of money, each for its own purpose, so people would not be confused. That,I feel,was the essential flaw producing the inevitable Fed takeover of the Treasury. That is, for the servant to dominate the master. I thank you for the facts which you have elucidated on. Like oil and water, your faith in the foreign central bank eludes me, as my faith in the Constituion might elude you,but history has shown us from wisdom contained within the colonial writings of the founding fathers, that it was an invitation to disaster to have foreigners as interlopers to create one, central, dominating system having a Monopoly over our entire economy, and the money supply. The USA has become so dependent on them, and their credit based system, that it's become weakened, and addicted to credit. One essential flaw in your argument is that its not the uses of a central bank or fiat money which have caused the corruption,but rather the abuses of it. From the Virginia House of Burgess, the colonial predecessor of the Virginia State Legislture,one telling quote is so salient that it survives to this day. He said simply,"the use of anything, if used too much, will constitute it's abuse" ". It's not so much that I can't or won't hold with Keynesian economics. But rather that I don't trust one dominating system that's so intricately complicated so many things can go wrong with it, and that it can be so easily abused. As for Congress being the master of the People's money, I have my doubts that the reality matches what it should be. When people like Ron Paul, and his fellow H.R. Rep supporters who want to audit them encounter so much extreme resistence from the Fed, it only makes the Fed suspect of wrongdoing. Do you know how many times in History, Congress has ever repealed a Statute ?. The last time they did that was 75 years ago with the Vollstead Act..

“I included the only historical figure who was ever known in American History, John D. Rockefeller, as the only living equivalent to a $5 Trillionaire,”

Hold on a second: You said that the dollar lost 98% of its value in 97 years. As of today, that puts us back to 1913. As per wiki his net worth was $900 mil “on the eve of the first world war” which was 1914. Follow the math through and that equivalent, based on your quote of devaluation percentage, is worth less than $50 Billion Not $5 Trillion and that’s when giving you an entire bonus year of inflation I’m not even counting. From that point to now, the dollar would have to have lost 99.982% for your conclusion to be even close to correct. That would have required a ridiculous amount of inflation that no one is claiming happened.

My point is that your numbers don’t add up, and $50 Billion is a lot, but it’s not that much more than the people at the top have, now. Even back calculated as a percentage of GDP $1 trillion is so far off the mark, much less $5 trillion. You should be embarrassed for quoting that and be more skeptical of whomever is giving you that information.

“You may indeed too young to fully understand the necessity, and simplicity, of commodity based money. But historicaly,the dollar is Constitutionaly based. So that when they abandoned the Constitutional legal standards for redeeming U.S. Treasury notes, and instead substituted soley fiat money, there was no dollar anymore.”

That’s interesting and stuff, but monetary policy is managed by the congress with no specific instruction from the constitution. I can quote if you really need me to, or you can just ask bbar, he taught me that. I’m not too young to understand anything, in fact if you’d like to compare credentials, I’d be glad to.

“My idea is maintaining 2 separate systems of money, each for its own purpose, so people would not be confused.”
… that sounds confusing…

“history has shown us … that it was an invitation to disaster to have foreigners as interlopers to create one, central, dominating system having a Monopoly over our entire economy, and the money supply.”

Again, not making any sense here, I thought the 4 families owned and controlled the fed, and none of them sound Japanese or Chinese, to me (those two countries hold about ¼ of our national debt, by the way). Can you please clarify?

“One essential flaw in your argument is that its not the uses of a central bank or fiat money which have caused the corruption,but rather the abuses of it.”

What party do you identify with, out of curiosity?

I stand corrected. No embarassment though. It was an honest mistake. Ok so, he was worth $50 Billion in his time. And that was nearly a century ago. We know the financial power the Monopoly of the oil industry has. It's been the energy source the entire industrialized world has been addicted to for 150 years since the first derrick went up in Titusville, Pa. in August 1859. See Regan's link that shows the lineage between the Rothchild's owned Bank of England, the Rockefellers, Morgans, and their Chase bank down to the ownership of the Federal Reserve Bank dating to 1914 when the Federal Reserve Act became Statutory law. It's still not inconceivable that "a mere" $50 Billion could be parlayed up to be worth $5 Trillion in a century is it ? Time IS money to a banker. What I was getting at is that the 4 international banking families which own the Fed have the equivalent leverage that a Trillionaire does.

Usery only originates debt. It need not hold it. Debts are sold every day to whomever wants to profit by them. The Chinese & Japanese, even the Saudis own fractions of the US Gummint's national debt now. Anyone who
has taken over the place of our producers has the wherewithall to do so. The last 2 of my word phrases you cited seem to be as though quoted out of context for the take you seem to have on their meaning. It's not your credentials I'm disputing. It's your idea that the: "Congress manages monentary policy with no specific instruction from the Constitution" If you realy believe that fairy tale, then shame on you. You realy should read the Constitution itself. It dictates 1. What money has to be comprised of. 2. the fact that money has to be coined, not printed. That 3. Only the Federal Government can produce lawful, coined, money. That 4. the Federal Courts shall not empowered to have jurisdiction in matters below $20. (Since the beginning of the USA in 1789, $20 WAS officialy the set price of Gold ozs, and was the fixed price of Gold until 1929, when 40% of the Gold Bullion coins in circulation were hijacked and exported to Rothchild owned banks in France and Switzerland. I saw them for myself when I lived in Geneva.)

There is the Gold Reclamation Act of 1934, and the Silver Coinage Act of 1964. But lawfuly, it would take a Constitutional Amendment to legaly change the composition of what is supposed to comprise money per se. And since that never happened, those 2 Statures enacted by Congress are obviously unConstitutional on their face. Those Statutes were not enacted by anything other than desperation. Management infers control. They couldn't control jack shit. They were the controlled. Their predecessors in 1913 sold out this country.A quote from Woodrow Wilson lamenting his bad judgement in signing the FRA has been cited here in previous related articles. Haven't you read them?,

I've already mentioned in previous comments that the Dollar was created from
the Spanish Real, which was either a Gold or Silver "piece of 8" aka "dubloon"
from the era of Piracy on the high seas during colonial days. An FRS "dollar"
is a Fraud. It's no more a "dollar" than I am King Tut, a Pharoh of Egypt. Do
you realy think the 1/2 cent it costs them to Copper coat an aluminum slug is
worth the loss they take to continue their charade ? I'm a Libertarian. I believe that Cannabis/Hemp should be perfectly legal, and that U.S. Notes, not FRS notes, should be printed of recyclable hemp, and redeemable for Gold and Silver, and Copper. I own an 1803 Large Cent minted in the year that Thomas
Jefferson commissioned Lewis & Clark to explore the Louisiana Purchase. That Large Cent was minted to be nearly as large, and thick as a Kennedy Half Dollar. When money and People were large, and in charge. And the Gummint was too small & decentralized to pose any tyrany to We the People.
Like allowing a foreign entity to pass their FRS toilet paper posing as dollars.

At least you are reasonable, and so am I. So I think we can get something accomplished. It's been a good conversation, I think we agree more than we disagree, when it comes to policy ideas.

“You realy should read the Constitution itself. It dictates 1. What money has to be comprised of. 2. the fact that money has to be coined, not printed. That 3. Only the Federal Government can produce lawful, coined, money. “

Check out secion 8: http://topics.law.cornell.edu/constitution/articlei

“There is the Gold Reclamation Act of 1934, and the Silver Coinage Act of 1964. But lawfuly, it would take a Constitutional Amendment to legaly change the composition of what is supposed to comprise money per se.”

That’s really irresponsible interpretation of the constitution. Money changes with time as technology becomes more sophisticated.

Let’s assume you are right about everything except the constitutionality of our monetary system.

Would you not agree that the root of the issue is wasted money (productivity) on crap that doesn’t help anyone and lowers our standards of living?

I'd agree that the waste, destruction, misappropriation of money, goods, services all amounts to extreme losses which, if calculated for a business, would surely devastate their status. Depletion due to larceny, fraud, embezzelment would cause deprivation and loss as surely as by other means. It's the end that matters. Here in the USA, people are relatively so well off compared to other parts of the world that one of those small countries could live well on what Americans throw away. Long ago I worked temporarily in a recycling plant. I collected currency, Silver, Gold, valuable art, valuable printed information. I've collected valuable furniture,$125 in redemptions, etc. simply because I was in the right place at the right time, and knew enough to be thrifty. Having been a collector for 50 years has paid off because, I own items which are unique in all the world.

From a Current.com article,I blogged last year, Americans waste half of the food they produce, and of that, vast amounts of fresh water which is life itself. The entire attitude of wastefulness vs conservationism Theodore Roosevelt advocated is lost on too many people.It's as if they're subliminay programmed to throw valuable things away by television. I feel that foreign people sense this and deeply resent the USA for it. Whether rational or not, (Americans are very charitable too) the perception has stuck. As White Noise has said the USA has been built into a lean, mean efficient machine. It's always the inequitable distribution as the root cause of extreme greed causing extreme need that's untimately the cause of the overall problem eroding our standard of living.. But because the USA has been converted to a credit based economy for 96 yrs all the waste, fraud, mismanagement causing deficits has been covered up by simply passing the ball on to future generations, and dooming them to handle the debt problem no one ever was responsible enough to face with truely united resolve as the National Emergency of WW2.

Conversely, assuming I was wrong about every thing I said, with the exception of the modern unConstitutionaly based money system..,The founding fathers were free masons whose system of money dates back 5,000 years to the ancient Egyptian civilization,which held a constant valuation. Even Aristotle's treatise bears this out on why Gold make perfect money. Traditionaly, what's always been constant throughout history in terms of what does, and should constitute money is commodity precious metals. To abandon them is not only UnConstitutional by Statute per se,that IS irresponsible. What needs to comprise the coined money backing of promisory notes is precious metals because people see them as beautiful, and tend to SAVE them, not waste them, by wasting the the goods it buys. The Conservation theory of matter & energy in the universe bears this out too. Nothing is realy ever created or destroyed, it's merely converted into something else. It's tragic the things the USA excells in producing are now garbage and weapons. Because Gold, Silver, rare earths will always be recycled if they can be accessed, their demand(and value) will actualy increase over time with more people placing a heavier demand than the supply can keep up with. It's the CONSTANCY of the value of Gold, Silver, Copper, and Platinum that endures because they're now being used for industry 3 times more than they ever were in the past. In fact ironicly it's their essential use in modern technology that makes them increasingly more valuable than they ever were before the 20th century .Even compared to the devaluated currency used to purchase the ore, the precious metals commodities make ideal backing of currency because they are far less risky than paper. The Egyptians invented that too, but they never used paper as "money".Gold is twice as heavy an element as lead, won't rust, and is virtualy indestructable. That's why it's always on the money.

We can talk later about why the utilization of precious metals in industry is even more of a reason NOT to make them a currency. Since we are on a quest to find common ground, here, I'll leave that out.

So, would you also agree that the waste and excessive use of credit by consumers, and wasteful spending on warfare, pork and other corruption in our government negatively affect everyone's standard of living and freedom, except for the opportune few on top?

Most certainly. Rewarding their greed by promoting it with bonuses only psychologicaly reinforces others to copy their greed, and perpetuate the vicious cycle. Greed is constant too. Since there are only a finite amount of resources to be distributed at one time, the extreme need, and bad example will tempt others to commit property crimes, and aggravate that same vicious cycle. Humans lead by example.

So, to clarify:

The Cause and Status Quo: Greed is a self perpetuating cycle that is a function of group think and the power to influence the outcome of a situation. Not only is it a function of group think, it is also a part of human nature. That means that Congressmen, CEOs, board members, and bankers will act in a greedy way if they believe they can get away with it… if they think they can “improve” their situation, but more realistically, improve or satiate their egos.

The Impact: this greed and insecurity (or psychosis, imho) bears itself out in the world markets, and more specifically, in the US markets via waste and ultimately credit abuse by individual consumers, governments and corporations whom are colluding so that they do not get eaten by the very monster they, and our structure of rules, create.

The result: The standard of living collapses as our economy bleeds resources and what productivity exists is eaten by the credit and waste monster. As a result of that the individuals (they are the only ones that matter… businesses and governments aren’t people) suffer from working harder for less, and are enslaved by credit. Ultimately, we, as a society, lose freedom.
We can agree that a higher standard of living means that we are enjoying more for less work, and it supports creativity, entrepreneurship, innovation, and general satisfaction.

Stuff that we all want, right?

Stuff that we want, most certainly. Stuff that humans need too. Even in those
societies not based on virtualy unbridled Capitalism, humans are what they have. Would that it were different. As Euripides once said (paraphrased) Value that most which is priceless, because our Gold will leave us long before our health and friends do. And also the Japanese proverb: "The poorest soul isn't one without even a penny, but rather one without a dream" Thanks for your sociability, Credit Figaro. Have enjoyed this conversation immensely. Thanks again.

It would amount to a Herculean task to dis-establish the central banking system. What could function in its place that would be practical enough to satisfy the need for it ? I only proposed to reform the central banking system so that 1. It's no longer controled by foreigners, 2. So that it's comprised of Americans of, by, and for Americans., 3.So that it's perfectly transparent and that ALL its dealings are in a fishbowl for 300 Millions Americans to witness, with regular audits. And that it be limited in its power to only what it was purported to do in 1913. 4. So that the Ponzai scheme it is is exposed, and the national debt which is impossible to repay is renounced, and the yoke of it's Usery Slavery is thrown off. And 5. So that U.S. Notes redeemable for Gold, Silver are again printed by the Treasury which alone has the legal function to coin money through the agency of its 4 mints.

The U.S. Geological survey estimates that only 10-15% of the Gold on earth has ever been recovered. Look at the example of the Carson City Nevada mine. They dug there looking for Gold,. didn't find much, but struck it rich locating all sorts of "blue sludge" (sterling Silver). If you ever see a Silver Certificate on the Coin Vault TV show(Dish network) you'll see a blue seal on it. The Carson City mine only ran from the 1870s to the 1890s, but they were responsible for funding the development of the Western Territories into their modern States. I'm a steady fan of the Outdoor channel, which features the series "Gold Fever" by Tom Massey, and yet another show, Gold Prospector I think, hosted by his brother. Their dad established the Gold Prospectors Association in which they regularly have their members congregate in their RVs with their families for outings in the Sonoma Valey of California,and outside Nome, Alaska. (where ever there's been a motherlode) They dredge the waterways/pan for Gold. I've seen them pan for it, and turn up Platinum in the same gold pan. Whether they find Gold (or Silver or Platinum) they do collect it to pay for their vacations. All those super heavy elements drifted through space as star dust (Gold dust) for Billions of years after the explosion of the original 1st Magnitude Stars that were formed after the Big Bang. That's why the metals are rare. They can't be recreated. Our star Sol can only burn hot enough to produce iron and lead. It's the Platinum, Gold, Silver that the 1st Magnitude stars produced that has the special qualities and that high pitched ring as premium metals. And why, imho, God himself deigned that they be money for humans.

"Nothing that is wrong with the fed's operations can't be fixed with sensible legislative oversight”

That’s Ironic. The current legislative proposals want to give the fed oversight powers; not the other way around.

"Isn't that a testament to the system we have now, and that it works ? " Rhetorical statement. A parasitical institution has to keep the host it's feeding off of alive to continue to feed off it. I personally feel this is a case of a situation paralleling the pattern of an English black & white movie I saw once starriong Dirk Bogard.. In this movie, a wealthy but indolent master hired a manservant to do the work for him that most people routinely do for themselves out of necessity. All it did was to make the master weak. The manservant, sensing his master's weakness, and bad judgement, then introduced him to narcotics, which caused an addicition.The "master" by then was no longer the master because the "servant" was the master, and took over control of the master's house first, then his finances. If you substitute the term narcotics for credit, you can readily see there is no difference in the terms,though the pattern looks stikingly familiar.

I'm a 4.0 law student grad of the Paralegal Institute. I had to do legal writings for submission to a lawyer licensed to practice before the bar of the State of Arizona, who graded them. I still have his glowing remarks on my papers. What the pattern reflects here is called "conversion". In legal parlance it means commingling one's property with another's for the purpose of expropriating another's property to the annexer's title. And in so doing, withholding the other's property from him with the intent to deprive him of it. So that the agent can dominate his prey. You'll find the previous sentence denotes Slavery. And the 2nd previous sentence denotes Larceny as committed within a position of trust,as it's modus operandi. My point ? The Rothchild's "business development company" which they made their vast fortunes on in Europe, aka "the Fed" was originaly assumed to be a servant of the Treasury, and the USA's economy. But now the Treasury, which was the master is doing the "servant"s bidding selling debt to foreign nations like a blind man selling pencils on a street corner during the Great Depression. And now the bastards want to give the Rothchild's Trojan Horse "oversight" power. Still think the original master is in control ?

I'm not even going to respond to your baseless, irrelevant, and pointless first paragraph.

As for your second paragraph:
I'm not legally retarded. I understand agent-principal relationships and conversion, and your example has nothing to do with conversion as there is no clear relationship between the fed and an agent abusing the trust of a principal without recourse. (congressional authority ruins your argument, by the way)

Out of your keyboard flows rivers of words with a drop of substance.

"Still think the original master is in control ?"

As per the constitution the money supply controls are exclusively in the hands of congress who has delegated that task to the fed (for the best, in my opinion which I can substantiate if you ask). The master is the congress, and yes, they can end the fed or audit the fed with a piece of legislation.

So, yes, the master still is, and will always be in control unless there is a constitutional amendment to change that.

Just because you disagree with keynesian economics doesn't mean it doesn't work and the fed is illegal, or immoral, or not doing it's job. Just because you are a good paralegal doesn't make you an economist. Your understanding is short sighted and under-supported by reason and fact.

I hate to get so snippy with you, but I need substance to carry on a conversation and you've brought none to the table. Your post above has a bit more meat in it, maybe I'll respond to that later on.