Reply #121: Thank you!

[Trillo]

The projection comment of mine was in regards to his or her phrase "What a bunch of malarkey". Wikipedia has a CITED link that states the Federal Reserve is part private, part public. His or her claim was that it was "not private".

It cannot be both "not private" and "part private". It is logistically impossible.

You may think my statement was "idiotic", but it was my experience of the community college's library back in the 80s. They also had a censored copy of Scientific American, that I could probably cite the precise issue because I remember what article I was looking for. So to claim my educational experiences absurd, is just simple invalidation.

If one looks at where this country has gone for many years now, and thinks of the FACT that everything is run by frat boys and girls partying hardy and living in mansions, while preying on working people to pay for their hangovers, then it begins to make sense why everything is falling apart. Our country is run by dishonest people, our businesses are run by dishonest people, and the rest of us get the financial shaft. That's why when citizens fail, we go bankrupt, when private institutions fail, well, they can't fail, our "leaders" bail them out by printing more money, another type of tax, so once again, the frat boys and girls cannot fail, they only want the rest of us to fail.

But, yes, go ahead, slay the messenger. Ruiner. I'll take Douchebag as a compliment, I honed my skills here on DU against many similar "invalidators", likely professional ones.

"Written history is at least six thousand years old." {snip} "Hence the state . . . used and forged many instruments of indoctrination--the family, the church, the school--to build in the soul of the citizen a habit of patriotic loyalty and pride." --Will Durant

Oh, by the way, the OP's formula is also idiotic. We're apparently having "bank runs" right now. The Countrywide affair has been called one. I'm sure that there are a number of them that have been kept out of MSM. Weren't there a big one back in the 80s?

So, the formula "NO FED = BANK RUNS" is a non-sequitor. BANK RUNS seem to be a fact of life with or without a Federal Reserve. This is because 'FED = BANK RUNS'.