Let the market reform it on it’s own. If we would of just let those crappy banks fail who were in bed with the politicians and vice versa, making money hand over fist, then maybe the honest, finiancial safe stable banks would of picked up the pieces. Know that half are country believes in socialism, we(the responsible ones) must take care of everyone who is negligent. Lenin and Karl Marx both said that socialism leads to communism, does anyone understand what going on?

The Federal Reserve is neither Federal nor does it have Reserves. It’s a Private Owned and Held International Banking Consortium that orders large printings of cash to the Treasury Department, takes that money in and then lends it to the United States and its citizens at a profit. Get the facts about who controls the money supply. The Federal Reserve needs to be removed from control over our country if we’re ever to get out of debt and stop having insane wars.

“Why are these unruly peasants rioting?”
“Madame’ the peasants are hungry and have no bread”
“Then, let them eat cake” Marie Antoinette

We know how that story turned out.

Here’s what Jefferson said about controlling a country’s wealth:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
“

I have to take everything Mr. Bullard says or writes with a huge grain of salt as he certainly comes from a rightwing Friedmanite perspective–exactly the economic philosophy that has held sway for almost thirty years and has brought us, yet again, to the brink of financial calamity! But don’t worry, Mr. Bullard–I heard that one of the rightwing think tanks(like Cato, Heritage Foundation, etc.)is reserving a “scholar’s” chair for you when you, like your predecessor Mr. Poole, have left the Fed. There is an undeniable revolving door between the captains of finance(whether it be the Fed or some other component of the super-rich elite) and the rightwing think tanks. Don’t forget, Mr. Bullard: if one of the big Washington, DC think tanks don’t find room for you, maybe Rex Sinquefield(the super-wealthy Republican financier of our own junior Cato think tank, i.e., the Show-Me Institute) can have you be one of his paid hacks, oops I mean “scholars.”

Seems to me in the current climate that if you’re one of those that doesn’t want your job outsourced (and others too) or refuse to let your tax dollars fund, feed, educate and medicate illegals then you need to be labeled a racist or an anti-semite. So pick one and that’s your new label to carry around.

What a collection of paranoid views from all extremes!

“Let Us Eat Cake” quotes Thomas Jefferson as saying: “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

Jefferson himself was prone to exaggeration in the support of noble causes, as indicated by his greatly exaggerated criticism of King George in the Declaration of Independence. (Most Americans never bother to read beyond the first paragraph.) Jefferson had a good point about private banks, however, and the response to it (about 100 years later) was the creation of the Federal Reserve as the U.S. central bank.

You can disagree with the positions of the men who have been Chairman of the Federal Reserve (most recently, Paul Volcker, Alan Greenspan, and Ben Bernanke) and the governors of its various regional branches, but I really don’t see where any of them have used their offices to become extraordinarily rich. If that was their goal, they could have become Wall Street executives or managers of “hedge funds.”

Get real or shut up.

Hey Ted44, you probably had the same attitude a year ago about the possibility of a change in the global currency.

Jefferson is correct and didn’t exagerate. The federal reserve was put into place because their was a credit crisis like todays. People were scared into accepting it…kind of like today’s bailouts. There was the promise that a central bank (Fed Res.) would stabalize deflation and inflation. Since it has been in place inflation has risen extrordinary ammounts.

Your comment about why would anyone take the job as Fed Chairman is a joke. He still pulls in half the salary of the US president. Why would anybody want to be the president. Why do political parties spend billions for a position that pays peanuts?

I think we know who needs to get real.