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  • #15,641
  • Jul 23, 2008 12:11am Jul 23, 2008 12:11am
will go up in London session
  • #15,642
  • Jul 23, 2008 12:15am Jul 23, 2008 12:15am
Quoting scyang
Nobody has a crystal ball to predict.
Here's mine
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  • #15,643
  • Jul 23, 2008 12:24am Jul 23, 2008 12:24am
Quoting AgentFx
The Federal Reserve is a private society not regulated by or apart of any government. This gives them freedom to do what every they like. Any society the has a central bank in place is in essence run by a money cartel..because it forces the government and cooperations to barrow money from the Central bank at interest immediately putting them into debt. This creates slavery as it is almost impossible to pay back the debt. I think any intervention would have been done in the middle of the night under cloak and dagerr..pretty much the same way the central bank was born...i thinks this drop was a classic battle between the bulls and bears..bears wining the battle but not the war...The central bank would benefit from the collapse of the dollar..this would make way for what they have been planning for 60 years...The North American Union..I see a retest of the previous high coming soon!!
Thats just my two cents
LOL, the Fed doesn't answer to the U.S. government? Who then controls it - the Illuminati? Can I have whatever you're smoking, pal?
  • #15,644
  • Jul 23, 2008 12:37am Jul 23, 2008 12:37am
Quoting Subdude
LOL, the Fed doesn't answer to the U.S. government? Who then controls it - the Illuminati? Can I have whatever you're smoking, pal?
FRB is a privately held corporation. It is completely impossible to get out of debt when each note has an interest charge attached to it from inception. They have the game wrapped up.

Think of it like the tribute that used to be paid to royalty.

now if only I can learn as much about trading as I do about the FRB.....
  • #15,645
  • Jul 23, 2008 12:40am Jul 23, 2008 12:40am
Quoting SerpentDove
They have the game wrapped up.
Always have and always will...
  • #15,646
  • Jul 23, 2008 12:45am Jul 23, 2008 12:45am
Down we go. Market please correct me.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,647
  • Jul 23, 2008 12:45am Jul 23, 2008 12:45am
Quoting NuckingFuts
Always have and always will...
Money talks and bull shit walks
  • #15,648
  • Jul 23, 2008 12:45am Jul 23, 2008 12:45am
Quoting SerpentDove
FRB is a privately held corporation. It is completely impossible to get out of debt when each note has an interest charge attached to it from inception. They have the game wrapped up.

Think of it like the tribute that used to be paid to royalty.

now if only I can learn as much about trading as I do about the FRB.....
You should not be trading if you know as much about trading as you do about the FRB.

http://www.federalreserve.gov/genera...faq/faqfrs.htm

If you're too lazy to click, here are some excerpts:

Quote
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects
Quote
After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury
Quote
The Federal Reserve's ultimate accountability is to Congress, which at any time can amend the Federal Reserve Act
Quote
In addition, the Government Accountability Office, as well as the Board's Office of Inspector General, can audit Federal Reserve activities
  • #15,649
  • Jul 23, 2008 12:48am Jul 23, 2008 12:48am
Quoting Subdude
LOL, the Fed doesn't answer to the U.S. government? Who then controls it - the Illuminati? Can I have whatever you're smoking, pal?
The Fed doesn't answer the U.S. government.

Quote
The federal reserve is an independent agency and that means basically that there is no other agency of government which can overrule actions that we take. -Alan Greenspan
But don't just take my word for it, check out the video where he actually said that.
Inserted Video


You'll hear him say that from 7:40 if you have to skip parts of it
Not all sins are created equal
  • #15,650
  • Jul 23, 2008 1:02am Jul 23, 2008 1:02am
Quoting Subdude
You should not be trading if you know as much about trading as you do about the FRB.

http://www.federalreserve.gov/genera...faq/faqfrs.htm

If you're too lazy to click, here are some excerpts:
That's what they want you to believe.

Checkout LEWIS v. UNITED STATES, 680 F.2d 1239 (1982).

Lewis tried to sue but it was ruled that the FED is independent and privately owned with no sufficient federal government control.

  • #15,651
  • Jul 23, 2008 1:03am Jul 23, 2008 1:03am
Owns us all, who else can intervene with an infinite amount of capital in the currency markets.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,652
  • Jul 23, 2008 1:05am Jul 23, 2008 1:05am
Please don't quote Greenspan's YouTube video as a reliable source of information - instead know how your country's legal system is set up. BTW, the title says scandalously "Greenspan Admits The Federal Reserve Is Private". Wrong - the point he was making is the Fed is above politics and is not supposed to get influenced by the administration's agenda. However it is still not above the constitution, nobody is - not even the Supreme Court, much less the Fed.
  • #15,653
  • Jul 23, 2008 1:07am Jul 23, 2008 1:07am
The Rothschild family is behind it in someway... hmmmmmm do your due diligence, dont take anyone's word for it.
"Diversification is an excuse for a lack of talent" ~FXC
  • #15,654
  • Jul 23, 2008 1:08am Jul 23, 2008 1:08am
Check out movie Zeitgeist, it's hosted on Google Video. You can skip the religion theme if not interested, but from 2/3 of the movie there's very interesting info about the FED. And yes, it seems that they don't answer to anyone, it's one-of-a-kind institution as anywhere else in the world it's controlled 100 % by government.
  • #15,655
  • Jul 23, 2008 1:13am Jul 23, 2008 1:13am
LOL, okay guys - I see that we have quite a few conspiracy theorists in the audience here, so I give up.
  • #15,656
  • Jul 23, 2008 1:16am Jul 23, 2008 1:16am
The Fed is making me money right now so stop talking about it. Rising wedge just broke. Here we go.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,657
  • Jul 23, 2008 1:28am Jul 23, 2008 1:28am
Quoting Subdude
Please don't quote Greenspan's YouTube video as a reliable source of information
Whenever I talk about the Fed in the future, I will make sure to not quote the guy who ran it for 18 years

Quoting Subdude
instead know how your country's legal system is set up
Sorry, it's not my country.

Quoting Subdude
BTW, the title says scandalously "Greenspan Admits The Federal Reserve Is Private".
Whether this is true or not, the message I tried to convey was "check out what Greenspan said", not "check out the title some douchebag chose".

Quoting Subdude
the point he was making is the Fed is above politics and is not supposed to get influenced by the administration's agenda
I agree with you that they are not supposed to get influenced. But I do believe that it is happening anyways.

Quoting Subdude
However it is still not above the constitution, nobody is - not even the Supreme Court, much less the Fed.
There is a whole debate we could get into about the constitution not being followed and about some acting as if they where above the constitution without facing any consequences. However, it is another thread altogether and would prefer not have that in here.
Not all sins are created equal
  • #15,658
  • Jul 23, 2008 1:29am Jul 23, 2008 1:29am
The wedge worked
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,659
  • Jul 23, 2008 2:14am Jul 23, 2008 2:14am
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"Diversification is an excuse for a lack of talent" ~FXC
  • #15,660
  • Jul 23, 2008 2:25am Jul 23, 2008 2:25am
yeah it was,...but now we made an extremem level, and we should go back,..i have sl at 157264...go euro...visit 1.59 for the sake of the humanity...
its just money
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