On Saturday, November 22, 2008 American citizens will join together to rally at Federal Reserve banks across the USA. Cleveland meeting location is near the FREE stamp on the corner of E. 9th and Lakeside Ave E. downtown at 12:00 noon. Our purpose is to create awareness of this private bank cartel's control over our nation's money supply and policies - policies resulting in economic crisis, credit crisis, job losses, and debt.

 

We seek an end to the Federal Reserve System. We demand a thorough investigation, evaluation and audit of the Federal Reserve System and its cozy relationships with the banking, corporate, and other financial institutions. The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended! There should be no taxpayer bailouts of corporations and no corporate subsidies. Corporations should be aggressively prosecuted for their crimes and frauds.

 

learn more at:

End the Federal Reserve Bank! National Rally for Sound Money, November 22nd

AbolishTheFederalReserve.com » Federal Reserve Education Effort (F.R.E.E.)

 

DING DING DING! WE HAVE A WINNER!

 

YOU GET IT PERSON!!

 

thank you for the info......i think i will be attending this rally

The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended!

 

Clearly you don't know how economies work. The people who do will be laughing at you and your protest. Lets all trade money backed by gold as Ron Paul suggests. That should work out well.

 

What's next week? Boycotting Exxonmobil, the culprits behind high gas prices?

The FED has mad a lot of mistakes recently, and deserves to be chastised for its ways.  However, realisticly, the FED is not going away anytime soon.  Not to say that maybe it shouldn't go away, but its not.

 

The FED is technically a private bank.  However, it is authorized by Congress, its leaders are appointed by and report to Congress/President, and it has been given special sole authority to act on behalf of the government is special areas.  So while it's technically a private institution, it operates very much like a branch of government, and can realistically be called that.  Technically, we could spin the military off into a private company and not change anything else.  That would not change the reality that it would be part of the government.

 

The FED's primary task is price stability.  It's secondary, and often conflicting task, is economic stability.  When liquidity is poor, the FED injects it to the system.  When the financial system is awash in liquidity, the FED takes some away to restore a balance.

 

Sometimes the FED does well at these things, sometimes it does poorly.  FED Chair Volker did very well at establishing Price Stability in the early 1980s. His predessessor did poorly at both.  Greenspan started out pretty good at both (1987 stock market crises, Asian Financial crisses, Russian crisses, but starting in the mid 1990s he shifted his focus almost totally to economic growth at the expense of liquidity management.  What ensued was first the stock bubble (dot-com era), and then the housing bubble.

 

So, I think you are absolutely right to be highly critical of the FED at this time in history.  And you are right to draw attention to its failures over the past decade.  Go ahead and hold your protests.  I think its refreshing when ordinary citizens stand up and protest bad government actions.

 

But keep in mind that the problems with the FED are more an issue of who was at the helm for the past 2 decades than with the actual FED itself.  And increasingly, the FED is losing its influence and abilities to control the financial going-ons of this country as alternative financial methods develop outside the FED's control (CDOs, Derivatives, Foreign sources of money, etc).

 

But if you want to TRY Greenspan on charges of "Crimes Against the American People", then I'm with you.  :-D

 

On Saturday, November 22, 2008 American citizens will join together to rally at Federal Reserve banks across the USA. Cleveland meeting location is near the FREE stamp on the corner of E. 9th and Lakeside Ave E. downtown at 12:00 noon. Our purpose is to create awareness of this private bank cartel's control over our nation's money supply and policies - policies resulting in economic crisis, credit crisis, job losses, and debt.

 

We seek an end to the Federal Reserve System. We demand a thorough investigation, evaluation and audit of the Federal Reserve System and its cozy relationships with the banking, corporate, and other financial institutions. The arbitrary power to create money and credit out of thin air behind closed doors for the benefit of commercial interests must be ended! There should be no taxpayer bailouts of corporations and no corporate subsidies. Corporations should be aggressively prosecuted for their crimes and frauds.

 

learn more at:

End the Federal Reserve Bank! National Rally for Sound Money, November 22nd

AbolishTheFederalReserve.com » Federal Reserve Education Effort (F.R.E.E.)

 

:sleep:

Wow. Such wasted efforts by such passionate yet misguided youth. There are no many other things you can protest for the excesses of capitalism, starting with many of your own neighbors. Then there's Congress. The banks. Fannie and Freddy. The independent mortgage lenders and brokers. Venture capitalists. Advertising firms. And so on and so on.

 

Problem is there's too many of them who are complicit. So you go for the easy, centralized target?

 

Too bad "easy" usually doesn't mean "accurate".

Wow. Such wasted efforts by such passionate yet misguided youth. There are no many other things you can protest for the excesses of capitalism, starting with many of your own neighbors. Then there's Congress. The banks. Fannie and Freddy. The independent mortgage lenders and brokers. Venture capitalists. Advertising firms. And so on and so on.

 

Problem is there's too many of them who are complicit. So you go for the easy, centralized target?

 

Too bad "easy" usually doesn't mean "accurate".

 

well said

"Person" posted this all over the internet on cleveland-related sites, I would just ignore it.

If JFK were around, would we be in this situation with the Federal Reserve?

 

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Fed Hires Bear Stearns Risk Boss

John Carney | Nov 3, 08 8:35 AM

 

FederalReserveCommercialPaper.jpgIn a move that is sure to put to rest the notion that there are no second acts in American life, former Bear Stearns chief risk officer Michael Alix has landed a job in the office of the Federal Reserve charged with assessing the safety and soundness of domestic banking institutions.

 

We suppose that Alix at least has plenty of experience with unsound banking institutions. He was the chief risk officer of Bear Stearns from 2006 until 2008. So, basically, he was the guy on the mast charged with yelling "iceberg" just before the titantic introduced its bow to a floating hunk of ice.  Prior to that he ran credit risk management for Bear from 1996 to 2006, Jon Keehner at Bloomberg points out. That worked out just great.

 

"Alix will be a senior adviser to William Rutledge, executive vice president of the bank supervision group, according to a statement on the New York Fed's Web site. Staff in the group 'assess the safety and soundness of domestic banking institutions,'" Keehner reports.

 

http://www.clusterstock.com/2008/11/fed-hires-bear-stearns-risk-boss

 

 

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And for those who like things more technical:

 

http://www.freedomsphoenix.com/Find-Freedom.htm?At=040233&From=News

former Bear Stearns chief risk officer Michael Alix has landed a job in the office of the Federal Reserve charged with assessing the safety and soundness of domestic banking institutions.

 

I think this is good news.

 

If we really want change, I think we really need a department of economic policy similar to how we have a department of homeland security. We've had individuals like Bernanke and Greenspan dictating economic policy and the result is widespread panic after fostering huge market bubbles and allowing Lehman to fail which wasn't a good idea when you consider the U.S. is driven by its finance industry. If others had a say in the matter, it probably wouldn't have happend.

 

We need a "team" of economic minds dictating interest rates and policy. People would rather see the stock market grow 8% a year rather then 40% in 3 years and an 8% plunge/correction the fourth year. The irrational behavior and anxiety you get along with it just isn't worth it. No doubt the fed needs an overhaul but there's no reason why we shouldn't maintain the concept of monetary policy and credit as it exists. Sure, you're creating money out of thin air each time you charge something to a credit card, increasing the monetary supply which is scary to a lot of people but lines of credit are what enable businesses to grow when they need quick capital at any given time. We're also not the only country who does that.

Don't get it.