Comments on: 5 Reasons Why the Federal Reserve is a Failure!

By: sandrar

sandrar — Thu, 10 Sep 2009 22:45:36 +0000

Hi! I was surfing and found your blog post… nice! I love your blog. Cheers! Sandra. R.

By: Shaun

Shaun — Fri, 27 Feb 2009 01:43:44 +0000

It’s quasi private sure… but controlled almost completely by the government with government appointments. It’s still all politics, ladies and gents.

By: Internet Marketing IQ

Internet Marketing IQ — Tue, 10 Feb 2009 23:17:22 +0000

The average person has no idea that the Fed releases money buy purchasing debt obligations from the Federal Government. Every single dollar “given” in the bailout scenario has debt attached to it. And who pays those debts? You do!

By: Doug

Doug — Tue, 03 Feb 2009 17:19:58 +0000

Sometimes this is even more interesting to go back and read.

By: Jason P.

Jason P. — Fri, 02 May 2008 18:54:06 +0000

Got your message a while back…finally got around to reading and responding to mail. Yep, we really do live in a world run by a very elite group…of idiots.

By: J Munch

J Munch — Thu, 17 Apr 2008 19:50:12 +0000

One of the biggest things the Fed does not get is the fact that lowering rates causes bank CD rates to drop dramatically. Huge numbers of Americans count on their safe CD income for their daily living expenses. As a Bank Manager I see the disappointment every day as customers come in to check rates or roll over a maturing CD. Rising inflation and lower interest income equates to a lot of people pulling back their spending. That will all make this whole mess even worse as all these high rate CD’s roll over during the next 12 months. So the Fed continues bailing out the big stupid lenders while the little guys are hammered from all directions.

By: timotato

timotato — Wed, 26 Mar 2008 03:56:39 +0000

Maybe I’m pessimistic but it seems clear to me that your point number 6 should be “The Fed doesn’t give a darn about us because it’s a private entity”. David Rockefeller and his cabal have been playing us for fools. There’s no mystery why the Fed hasn’t “kept on top” of our economic situation. They knew the sub-prime loans stank and sta back and watched the result. They’re shaking out the weak & greedy then buying them up at bargain prices. The fact that, even though Chase had agreed to buy Bear Stearns, the Fed STILL kicked in $30B…for a private unregulated firm!… thus issuing Chase a $30B unnecessary and unneeded gift of OUR MONEY. In essence David Rockefeller just gave himself a gift of our money. The word “quasi”, as in quasi private, doesn’t mean jack when it comes to greed and making money. THE FED IS A PRIVATE FOR-PROFIT FIRM, folks!!!!! It only looks out for us when our interests are in common.

By: Mark dela Paz

Mark dela Paz — Tue, 25 Mar 2008 02:02:47 +0000

Very well written and something I generally agree to. Thanks for bringing this to my attention, I’d be sure to mention it in my lectures.

By: Helen

Helen — Sun, 23 Mar 2008 03:10:48 +0000

Thank you James. I am glad you liked the article. Thanks for the link too.

By: Forex Articles

Forex Articles — Sat, 22 Mar 2008 16:04:05 +0000

Interesting article, it’s hard to argue with the points you make. I’ve linked to it from my blog if that’s okay.

By: Richard T

Richard T — Sat, 22 Mar 2008 00:33:11 +0000

Thanks for letting me know about your posts. It is a very good article. To para-phrase. it’s to little and to late.

Who knows, maybe one day the feds will catch on.

RT…

By: Rick Cain

Rick Cain — Fri, 21 Mar 2008 19:13:01 +0000

Other nations control the value of their currency, we entrust its value to private banks, the same ones that are beginning to drop like flies because they invested in stocks backed by mortgages.
Oil is neither in short supply nor expensive, but our “free market” system requires we pay $100 a barrel for it. The “Dictator” in Venezuela charges $0.12 a gallon for gasoline for his oppressed people. Obviously we are getting ripped off by privately run oil, and don’t blame taxes, which are only about 15% of the cost of gasoline.

The final failure is the fed’s dropping of interest rates, causing CD prices do drop, discouraging investment capital which is exactly what banks need at this point in time!

By: Dr. Gary S. Goodman

Dr. Gary S. Goodman — Fri, 21 Mar 2008 18:08:22 +0000

With oil prices soaring and more resources headed to duplicitous regimes and to their terroist parasites, we’re doing something rational: We’re devaluing the currency. The Fed is paying lip service to fretting over inflation. Through bailouts and rate cuts it is promoting inflation. What’s missing from our national policy, Fed aside, are two things: (1) A meaningful incentivizing of alternate fuels and conservation; and (2) Cashing in the Iraq invasion “bonus.” What’s that? Whether we went to war for oil is moot. Now, we’re in a war for oil, and we need to assure our supply as we pursue alternatives.

By: Julia

Julia — Fri, 21 Mar 2008 17:42:03 +0000

Please keep these excellent posts coming. Thank you.

By: Bankaholic

Bankaholic — Fri, 21 Mar 2008 02:45:32 +0000

Suziee, yes, please put it on your blog and spread the word about our horrible monetary system.

By: suziee

suziee — Thu, 20 Mar 2008 18:38:12 +0000

nice article, can i put it in my blog ? i will give backlink

By: Paul N

Paul N — Thu, 20 Mar 2008 17:08:39 +0000

Great article! Many now say abolish it. The fed never really did much to begin with, not to mention it is neither “federal” no is it a Constitutional entity. The devaluation of the dollar since 1913 speaks for itself.

By: Venkatakrishna Nalamothu

Venkatakrishna Nalamothu — Thu, 20 Mar 2008 14:21:23 +0000

Good post and analytical one. It is too late to correct credit crisis. Federal is simply in hopeless situation.

By: Mark Argentino

Mark Argentino — Thu, 20 Mar 2008 14:04:30 +0000

Good article. In point 3 above, I don’t agree that the low rates caused excessive borrowing. Greed is always in play, people just overextended themselves, just as they did in the late 80’s when interest rates were at about 12%

All the best!
Mark