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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-25-08 10:34 AM
Response to Reply #59
146. You say:
"The Federal Reserve Act of 1913 ended up being a compromise between what the bankers wanted and what progressive Democrats wanted - somewhat favoring the bankers, of course."

Yep the Fed was so slightly in the favor of the bankers that most of the top banking people were out of the stock market right before the Crash. Funny thing, that.

And you claim it to be a vast improvement over what had happened before its creation.

But how come the Biggest of all Depressions occurred only sixteen eyars after its creation?? If it was such a marvelous system, why didn't it prevent the Depression??
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  -The Creature from Jekyll Island author G. Edward Griffin interviews Norm Dodd seemslikeadream  Feb-28-08 07:03 PM   #0 
  - You do realize that G. Edward Griffin is a RW quack, right?  SDuderstadt   Feb-28-08 07:52 PM   #1 
  - It was posted before and it's not really about the private Fed  CGowen   Feb-28-08 08:08 PM   #2 
  - Thanks I missed that post  seemslikeadream   Feb-28-08 08:13 PM   #3 
  - What do you mean by...  SDuderstadt   Feb-28-08 10:23 PM   #9 
     - Even Greenspan admitted it in 1966 in his essay, although not telling the whole truth  CGowen   Feb-28-08 10:36 PM   #10 
        - The Federal Reserve is NOT "private"  SDuderstadt   Feb-29-08 01:14 PM   #15 
           - bullshit!  wildbilln864   Mar-02-08 01:36 PM   #27 
              - Let me make sure I get this straight...  SDuderstadt   Mar-02-08 03:38 PM   #30 
              - neither federal nor is it a reserve!  wildbilln864   Mar-02-08 05:40 PM   #32 
              - Ummm, Bill...  SDuderstadt   Mar-02-08 06:13 PM   #33 
              - yes part federal and part private.  wildbilln864   Mar-03-08 11:23 AM   #34 
                 - Ummm, Bill....  SDuderstadt   Mar-03-08 02:01 PM   #35 
                 - You're fucking hilarious dude....  wildbilln864   Mar-03-08 06:16 PM   #37 
                 - Look, Bill...  SDuderstadt   Mar-03-08 07:36 PM   #38 
                 - Welcome to my world.  AZCat   Mar-03-08 07:45 PM   #39 
                 - The "FED 101" site  Diane_nyc   Jul-18-08 03:07 PM   #56 
                 - Jesus Fucking Christ, Bill...  SDuderstadt   Mar-03-08 08:01 PM   #41 
                 - Part public, part private  Diane_nyc   Jul-17-08 09:32 PM   #49 
                    - P.S.: Correction of error above  Diane_nyc   Jul-18-08 08:06 AM   #54 
                 - What's next on your agenda, wildbill?  William Seger   Mar-03-08 02:21 PM   #36 
                 - Last I checked....  JerseyGirlDem   Mar-03-08 07:56 PM   #40 
                    - Wrong, wrong, wrong...  SDuderstadt   Mar-03-08 08:06 PM   #42 
                       - Post a link  seemslikeadream   Mar-03-08 08:11 PM   #43 
                       - What is your problem?  JerseyGirlDem   Mar-03-08 09:18 PM   #44 
                          - From your own link...  SDuderstadt   Mar-04-08 09:51 AM   #45 
                             - From my own link....  JerseyGirlDem   Mar-04-08 12:27 PM   #46 
                                - Which does not mean...  SDuderstadt   Mar-04-08 03:06 PM   #47 
              - I'm getting a "no longer available" message. Where'd it go??  truedelphi   Aug-25-08 10:06 AM   #144 
                 - Just because people "like" the information....  SDuderstadt   Aug-25-08 11:16 AM   #148 
                    - Can I ask you why you are on this forum??  truedelphi   Aug-25-08 02:31 PM   #152 
                       - Correcting blatant misinformation is hardly....  SDuderstadt   Aug-25-08 03:43 PM   #154 
                          - If you show me ONE EXAMPLE of someone here posting somthing that  truedelphi   Aug-25-08 03:56 PM   #155 
                             - I'd respond to your post....  SDuderstadt   Aug-25-08 04:06 PM   #157 
              - "Independent federal agency" vs. "part public, part private"  Diane_nyc   Jul-18-08 10:00 AM   #55 
              - Aron Russo is an idiot and a tax cheat.  Realityhack   Aug-02-08 02:38 PM   #123 
                 - well, he's dead from cancer...  wildbilln864   Aug-24-08 09:58 PM   #143 
  - Isn't that your job - TKOTRWQ?  seemslikeadream   Feb-28-08 08:19 PM   #4 
  - I have got to stop listening to Nova M Radio I guess  seemslikeadream   Feb-28-08 08:27 PM   #5 
  - The main culprits were the Carnegie Institution,  seemslikeadream   Feb-28-08 09:22 PM   #6 
  - Apparently you don't  seemslikeadream   Oct-05-08 12:00 PM   #230 
  - Transcript of interview  seemslikeadream   Feb-28-08 09:31 PM   #7 
  - This excerpt from the transcript alone should tell you...  SDuderstadt   Feb-28-08 10:21 PM   #8 
  - Sid you should get out more  seemslikeadream   Feb-28-08 10:45 PM   #11 
  - That link doesn't help your case, it hurts it. nt  greyl   Feb-29-08 01:07 PM   #14 
     - So you think Sibel is a liar?  seemslikeadream   Feb-29-08 02:34 PM   #16 
        - Quality journalists don't leap to such hasty conclusions.  greyl   Feb-29-08 02:54 PM   #18 
           - Again are you a journalist?  seemslikeadream   Feb-29-08 02:56 PM   #19 
           - Do you want to be a better one? nt  greyl   Mar-01-08 01:24 AM   #22 
           - genuinely interested?  seemslikeadream   Feb-29-08 02:57 PM   #20 
  - Do you ever post in any other forums here?  seemslikeadream   Feb-28-08 10:50 PM   #12 
     - Quit posting RW propaganda and...  SDuderstadt   Feb-29-08 01:00 PM   #13 
        - Do you really think I give two shits about what you think of me?  seemslikeadream   Feb-29-08 02:35 PM   #17 
           - No, but...  SDuderstadt   Feb-29-08 05:49 PM   #21 
              - Maybe because the attacks of 9/11 were on AMERICANS and not Democrats???  angstlessk   Mar-02-08 10:48 AM   #23 
                 - Help me understand your post..."  SDuderstadt   Mar-02-08 12:07 PM   #24 
                    - rw's being suspicious of boosh is the hmmmm to which I refer...  angstlessk   Mar-02-08 12:50 PM   #25 
                       - I've heard only ants read The Washington Times  seemslikeadream   Mar-02-08 01:28 PM   #26 
                       - here in Virginia we call them aunts..not ants...aunt rhymes with haunt  angstlessk   Mar-02-08 02:28 PM   #29 
                       - Do not I repeat DO NOT link to any of these  seemslikeadream   Mar-02-08 01:57 PM   #28 
                       - RWers are suspicious of Bush because...  SDuderstadt   Mar-02-08 03:43 PM   #31 
  - When did Griffin interview Dodd??  truedelphi   Aug-25-08 10:13 AM   #145 
  - The Federal Reserve operating costs.  Bassman66   Jul-17-08 03:54 PM   #48 
  - I guess nobody knows where all that money goes. nt  Bassman66   Jul-18-08 04:23 PM   #57 
  - Maybe they want you to try finding out for yourself n/t  Realityhack   Aug-02-08 02:47 PM   #124 
     - That's impossible.  Bassman66   Aug-02-08 04:13 PM   #125 
  - At least some of it must go to salaries of employees of the Federal Reserve banks.  Diane_nyc   Jul-19-08 02:20 PM   #61 
  - Nelson Aldrich  Bassman66   Jul-18-08 02:00 AM   #50 
  - Rockerfeller connection.  Bassman66   Jul-18-08 05:40 AM   #51 
     - The horse's mouth?  Bassman66   Jul-18-08 07:07 AM   #52 
     - The Council on Foreign Relations  Bassman66   Jul-18-08 07:20 AM   #53 
        - Look at Cecil Rhodes. nt  End Of The Road   Aug-03-08 06:03 PM   #136 
  - Relevant stuff on the "Liberalism Resurgent" website  Diane_nyc   Jul-18-08 05:48 PM   #58 
  - Right wing populism: Political sleight-of-hand  Diane_nyc   Jul-18-08 10:17 PM   #59 
  - I think what you have done here...  Bassman66   Jul-22-08 01:52 AM   #62 
  - It's really kind of silly to claim....  SDuderstadt   Jul-22-08 05:55 PM   #63 
     - Do The People own the Federal Reserve?  Bassman66   Jul-23-08 07:00 AM   #65 
        - I would sure hope you weren't...  SDuderstadt   Jul-23-08 12:56 PM   #70 
        - No one "owns" the Federal Reserve.  Bassman66   Jul-23-08 02:28 PM   #71 
           - Anyone can look up their financial report, Bassman....  SDuderstadt   Jul-23-08 05:58 PM   #72 
              - So anyone can be on the Board?  Bassman66   Jul-24-08 08:08 AM   #73 
                 - Jesus, Bassman.....  SDuderstadt   Jul-24-08 11:00 AM   #74 
                 - Exactly!  Bassman66   Jul-25-08 02:03 AM   #76 
                    - Asking the average American to "control"...  SDuderstadt   Jul-25-08 10:57 AM   #82 
                       - "reasonably transparent processes "  Bassman66   Jul-25-08 11:43 AM   #90 
                          - Oh, bullshit, Bassman...  SDuderstadt   Jul-25-08 12:16 PM   #92 
                             - "Bullshit"?  Bassman66   Jul-25-08 04:22 PM   #99 
                                - Exactly what would you audit concerning the  SDuderstadt   Jul-25-08 05:37 PM   #106 
                 - Christ, I hope this shuts your silly blathering up....  SDuderstadt   Jul-24-08 12:03 PM   #75 
                    - There are audits and there are audits.  Bassman66   Jul-25-08 02:05 AM   #77 
                    - When you can explain the current....  SDuderstadt   Jul-25-08 10:59 AM   #83 
                       - I know what is not audited.  Bassman66   Jul-25-08 11:33 AM   #87 
                    - You missed this bit  Bassman66   Jul-25-08 02:08 AM   #78 
                    - Bassman....  SDuderstadt   Jul-25-08 11:00 AM   #84 
                       - So you say.  Bassman66   Jul-25-08 11:38 AM   #88 
                          - Omigod.....  SDuderstadt   Jul-25-08 12:21 PM   #95 
                          - Ah, the "A" word.  Bassman66   Jul-25-08 04:27 PM   #102 
                          - What evidence do you have that the "Board" is....  SDuderstadt   Jul-25-08 05:38 PM   #107 
                          - Jews do NOT dominate the American banking industry as a whole ....  Diane_nyc   Jul-25-08 05:52 PM   #110 
                          - Correct me if I'm wrong.  Bassman66   Jul-25-08 04:35 PM   #104 
                             - And you know they're Jewish how, exactly?  SDuderstadt   Jul-25-08 05:39 PM   #108 
                                - You're in denial.  Bassman66   Aug-02-08 03:00 AM   #118 
                                   - Do you have any proof that they're all "Jewish", Bassman?  SDuderstadt   Aug-02-08 01:10 PM   #120 
                                   - You know they are jewish. nt  Bassman66   Aug-03-08 05:39 AM   #129 
                                   - They are ALL listed as American Jews on Wikipedia.  Bassman66   Aug-03-08 05:55 AM   #131 
                                      - I'm calling bullshit on this....  SDuderstadt   Aug-11-08 03:12 PM   #142 
                                   - Education and culture  Diane_nyc   Aug-02-08 02:25 PM   #121 
                                      - Are there no intelligent black, catholic, muslim, atheist, indian...  Bassman66   Aug-03-08 05:42 AM   #130 
                                         - My point had to do with education, not innate intelligence.  Diane_nyc   Aug-03-08 08:55 AM   #133 
                                         - The makeup of the Board of the Fed disproves your argument.  Bassman66   Aug-03-08 09:44 AM   #134 
                                         - The educational factor, vs. banking in general  Diane_nyc   Aug-03-08 06:59 PM   #137 
                                         - Are you saying that Jewish people have covered the market?  Bassman66   Aug-04-08 01:14 AM   #138 
                                         - No. Please re-read my earlier posts more carefully.  Diane_nyc   Aug-04-08 10:28 AM   #139 
                                         - Your comment...  Bassman66   Aug-07-08 12:16 PM   #141 
                          - Your questions betray your lack of understanding of how...  SDuderstadt   Jul-25-08 01:25 PM   #96 
                          - How can you know how the Fed works...  Bassman66   Jul-25-08 04:29 PM   #103 
                          - Very worthwhile links! Thanks!  Diane_nyc   Aug-02-08 02:34 PM   #122 
                             - Diane, FOMC is not audited - protected in fact.  Bassman66   Aug-02-08 04:19 PM   #126 
                                - You might have a valid government accountability issue here ....  Diane_nyc   Aug-02-08 05:04 PM   #127 
                                   - How can you know it's nonsense if it's not audited?  Bassman66   Aug-03-08 02:00 AM   #128 
                                      - The FOMC is not the Federal Reserve System as a whole  Diane_nyc   Aug-03-08 08:11 AM   #132 
                                         - The audited bits are fine.  Bassman66   Aug-03-08 09:49 AM   #135 
                                         - This may be a valid reform worth calling for (as distinct from denouncing the Fed as a whole)  Diane_nyc   Aug-04-08 12:06 PM   #140 
                          - Wow, if the board was 100 percent Protestant would you  LARED   Sep-03-08 05:19 AM   #185 
                    - Federal Open Market Committee  Bassman66   Jul-25-08 06:50 AM   #79 
                    - Timothy F. Geithner  Bassman66   Jul-25-08 06:55 AM   #80 
                    - Of what significance is it that he....  SDuderstadt   Jul-25-08 11:04 AM   #86 
                       - RW propaganda?  Bassman66   Jul-25-08 11:45 AM   #91 
                          - Jesus Christ, Bassman....  SDuderstadt   Jul-25-08 12:17 PM   #93 
                             - I honestly think they are immensly powerful and have  Bassman66   Jul-25-08 04:25 PM   #101 
                    - Do you even remotely understand the concept of....  SDuderstadt   Jul-25-08 11:03 AM   #85 
                       - No, what is goofy is that the most powerful financial institution...  Bassman66   Jul-25-08 11:41 AM   #89 
                          - Well, great.....  SDuderstadt   Jul-25-08 12:18 PM   #94 
                             - "Absurd".  Bassman66   Jul-25-08 04:24 PM   #100 
                             - I've offered plenty of arguments, Bassman....  SDuderstadt   Jul-25-08 05:42 PM   #109 
                             - What's a Ypur?  seemslikeadream   Jul-25-08 06:12 PM   #111 
                    - Why are there no black Americans on the board? nt.  Bassman66   Jul-25-08 07:02 AM   #81 
        - You seem to be assuming here that the ideal form of government is pure democracy ....  Diane_nyc   Jul-25-08 02:59 PM   #97 
  - You say:  truedelphi   Aug-25-08 10:34 AM   #146 
     - Can you provide any evidence for your claim that...  SDuderstadt   Aug-25-08 11:18 AM   #149 
  - Some further recent discussion about the Fed and about G. Edward Griffin here on DU  Diane_nyc   Jul-19-08 02:02 PM   #60 
  - A possibly legitimate gripe about the Federal Reserve System in its present form?  Diane_nyc   Jul-23-08 05:48 AM   #64 
  - That's thousands, not millions.  boloboffin   Jul-23-08 07:50 AM   #66 
  - You're right. I misread the table. Any other objections?  Diane_nyc   Jul-23-08 08:08 AM   #67 
     - Under a billion, with the kind of money we're talking about?  boloboffin   Jul-23-08 08:16 AM   #68 
        - True, it's not a huge deal, but ....  Diane_nyc   Jul-23-08 11:07 AM   #69 
           - Why do you think subsidizing housing is a good idea?  AZCat   Jul-25-08 04:04 PM   #98 
              - Housing should be considered a basic human right, like health care ....  Diane_nyc   Jul-25-08 05:27 PM   #105 
                 - Perhaps you should reread my post.  AZCat   Jul-26-08 03:05 PM   #112 
                    - What do you think would be a better solution, then? nt  Diane_nyc   Jul-26-08 04:18 PM   #113 
                       - I'm no economist...  AZCat   Jul-27-08 09:59 AM   #114 
                          - Price controls, by themselves, tend to create shortages ....  Diane_nyc   Jul-27-08 10:24 AM   #115 
                             - But all subsidies do is jack up the prices of the homes.  AZCat   Jul-27-08 10:34 AM   #116 
  - Hmpfh... Hate to be all so curmudgeonly about this  truedelphi   Aug-25-08 10:39 AM   #147 
     - You realize that Greenspan is no longer chairman....  SDuderstadt   Aug-25-08 11:19 AM   #150 
        - Huh? So Greenspan didn't have anything to do with  truedelphi   Aug-25-08 02:26 PM   #151 
           - Maybe if you wrote more clearly.....  SDuderstadt   Aug-25-08 03:37 PM   #153 
              - Check out this mainstream media article:  truedelphi   Aug-25-08 04:01 PM   #156 
                 - Do you remotely understand what I said you wrote unclearly???  SDuderstadt   Aug-25-08 04:08 PM   #158 
  - link no longer working here's another  seemslikeadream   Jul-27-08 12:29 PM   #117 
  - Very interesting, thanks for posting.  Bassman66   Aug-02-08 04:10 AM   #119 
     - "It is well enough...  wildbilln864   Aug-26-08 11:41 PM   #163 
  - Do most people even realize that Bernanke admitted that the Fed caused the Great Depression??  truedelphi   Aug-26-08 04:52 PM   #159 
  - Reading it, do YOU realize that Bernanke....  SDuderstadt   Aug-26-08 05:22 PM   #160 
     - Sad but true -- a joke is not a confession  truedelphi   Aug-26-08 06:36 PM   #161 
        - Nice try at a dodge....  SDuderstadt   Aug-26-08 07:54 PM   #162 
  - 1924 U.S. Banker's Association Magazine quote...  wildbilln864   Aug-26-08 11:50 PM   #164 
  - Jesus Christ, Bill...  SDuderstadt   Aug-27-08 10:40 AM   #165 
  - Ron Paul on today's "Washington Journal" -- This book is #2 on his reading list.  boloboffin   Sep-02-08 12:28 PM   #166 
  - ooops delete  seemslikeadream   Sep-02-08 12:33 PM   #167 
  - Yeah because people are incapablle of thinking for themselves...  Bassman66   Sep-02-08 01:05 PM   #168 
  - My record posting at DU stands  seemslikeadream   Sep-02-08 01:06 PM   #169 
  - No one's "trying to smear you", SLAD....  SDuderstadt   Sep-02-08 01:09 PM   #171 
  - Your RW wing propaganda...  Bassman66   Sep-02-08 01:13 PM   #173 
     - Please, Bassman....  SDuderstadt   Sep-02-08 01:21 PM   #176 
        - What is a pregressive website? You`ve got me curious now......  Twist_U_Up   Sep-03-08 05:13 PM   #201 
           - It's a typo...  SDuderstadt   Sep-03-08 05:21 PM   #202 
              - Sorry dude. I can never tell with you. Your all over the place.  Twist_U_Up   Sep-03-08 05:29 PM   #203 
                 - "your (sic) all over the place"  SDuderstadt   Sep-03-08 05:39 PM   #204 
  - Smear.  Bassman66   Sep-02-08 01:09 PM   #172 
  - Oh yeah...  Bassman66   Sep-02-08 01:08 PM   #170 
     - No, you weren't....  SDuderstadt   Sep-02-08 01:17 PM   #174 
        - Yes I was!  Bassman66   Sep-02-08 01:19 PM   #175 
           - I already debunked your stupid claim once, Bassman....  SDuderstadt   Sep-02-08 01:25 PM   #177 
              - Toss a brick, huh? n/t  boloboffin   Sep-02-08 01:42 PM   #178 
              - If you're saying what I think you're saying....  SDuderstadt   Sep-02-08 01:48 PM   #179 
              - Deleted message  Name removed   Sep-02-08 03:01 PM   #180 
              - There is no delicate way to put this. but....  SDuderstadt   Sep-02-08 04:37 PM   #181 
                 - RIght... 1st one: DONALD KOHN  Bassman66   Sep-03-08 04:42 AM   #183 
                 - Smear - Apologise!  Bassman66   Sep-03-08 04:44 AM   #184 
                 - 2nd one: Frederic Mishkin  Bassman66   Sep-03-08 06:54 AM   #186 
                 - 3rd one: Kevin M Warsh  Bassman66   Sep-03-08 07:10 AM   #187 
                 - Then please tell us why he's not listed anymore....  SDuderstadt   Sep-03-08 12:11 PM   #190 
                    - Apologise.  Bassman66   Sep-03-08 02:08 PM   #193 
                    - I just checked the version history on wiki  Bassman66   Sep-03-08 02:18 PM   #196 
                       - One word.  SDuderstadt   Sep-03-08 04:32 PM   #199 
                 - 4th one: Randall Kroszner  Bassman66   Sep-03-08 07:12 AM   #188 
                 - Newly appointed Betsy Duke.  Bassman66   Sep-03-08 09:35 AM   #189 
                    - It's really stupid to suggest that voters...  SDuderstadt   Sep-03-08 12:22 PM   #191 
                    - Apologise.  Bassman66   Sep-03-08 02:08 PM   #194 
                    - Is she connected to the Dukes of Duke Energy?  Bassman66   Sep-03-08 02:20 PM   #197 
                       - You know, it's really strange that you can't seem to perform the most perfunctory of....  SDuderstadt   Sep-03-08 04:37 PM   #200 
                          - I checked everywhere - her background doesn't exist.  Bassman66   Sep-04-08 01:14 AM   #205 
                             - Jesus, Bassman  SDuderstadt   Sep-04-08 10:21 AM   #207 
                                - What difference?  Bassman66   Sep-04-08 11:49 AM   #212 
                                   - Do you know anything at all about the confirmation process?  SDuderstadt   Sep-04-08 11:54 AM   #214 
                                      - Why is the public denied this knowledge?  Bassman66   Sep-04-08 11:56 AM   #215 
                                         - Please prove that "the public is denied this knowledge"  SDuderstadt   Sep-04-08 12:03 PM   #216 
                                            - Please tell me something about Duke.  Bassman66   Sep-04-08 03:27 PM   #217 
                                               - Psst....Bassman....  SDuderstadt   Sep-04-08 06:51 PM   #219 
                                                  - You seem happy that people are appointed...  Bassman66   Sep-05-08 02:36 AM   #222 
                                                  - And you seem happy to remain ignorant of how representative democracy works...  SDuderstadt   Sep-05-08 10:28 AM   #223 
              - Why was my post deleted?  Bassman66   Sep-03-08 04:33 AM   #182 
                 - You already disproved your own claim, Bassman....  SDuderstadt   Sep-03-08 12:25 PM   #192 
                    - Apologise.  Bassman66   Sep-03-08 02:11 PM   #195 
                       - It's real simple, Bassman....  SDuderstadt   Sep-03-08 04:31 PM   #198 
                          - Apologise.  Bassman66   Sep-04-08 01:15 AM   #206 
                             - I'm not apologizing for anything....  SDuderstadt   Sep-04-08 10:26 AM   #208 
                                - Apologise.  Bassman66   Sep-04-08 11:27 AM   #209 
                                   - Jesus, Bassman...  SDuderstadt   Sep-04-08 11:31 AM   #210 
                                      - Apologise - you know they are listed as American Jews.  Bassman66   Sep-04-08 11:42 AM   #211 
                                         - Is Warsh listed on Wikipedia "American Jews" entry or not, Bassman?  SDuderstadt   Sep-04-08 11:52 AM   #213 
                                            - Apologise.  Bassman66   Sep-04-08 03:54 PM   #218 
                                               - Even if you were right about that, you were dead wrong about Duke....  SDuderstadt   Sep-04-08 06:53 PM   #220 
                                                  - Apologise.  Bassman66   Sep-05-08 02:32 AM   #221 
                                                     - It's kinda silly to claim you didn't know anything out about Duke, when...  SDuderstadt   Sep-05-08 10:34 AM   #224 
                                                     - Apologise.  Bassman66   Sep-05-08 10:47 AM   #225 
                                                     - Warsh isn't....  SDuderstadt   Sep-05-08 10:54 AM   #226 
                                                     - My post is factual. How dare you call it anti-semtic!  Bassman66   Sep-05-08 02:22 PM   #227 
                                                     - No one cares, Bassman....  SDuderstadt   Sep-05-08 06:50 PM   #228 
  - Well now  seemslikeadream   Oct-05-08 11:59 AM   #229 
 

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