The Federal Reserve - Off-Topic | futures io social day trading
futures io futures trading


The Federal Reserve
Updated: Views / Replies:5,985 / 52
Created: by Gary Attachments:10

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 10  
 
Thread Tools Search this Thread
 

The Federal Reserve

  #1 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
Favorite Futures: CL
 
Gary's Avatar
 
Posts: 1,070 since Jun 2009
Thanks: 504 given, 2,230 received

The Federal Reserve

Here is an article on 10 things that every American should know about the Federal Reserve:
10 Things That Every American Should Know About The Federal Reserve - Business Insider

What did you know? What do you think? Why don't more people know these things?

From the article:

#1 The Federal Reserve System Is A Privately Owned Banking Cartel
#2 The Federal Reserve System Is A Perpetual Debt Machine
#3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U.S. Dollar
#4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability
#5 The Federal Reserve Is Paying Banks Not To Lend Money
#6 The Federal Reserve Creates Artificial Economic Bubbles That Are Extremely Damaging
#7 The Federal Reserve System Is Dominated By The Big Wall Street Banks
#8 It Is Not An Accident That We Saw The Personal Income Tax And The Federal Reserve System Both Come Into Existence In 1913
#9 The Current Federal Reserve Chairman, Ben Bernanke, Has A Nightmarish Track Record Of Incompetence
#10 The Federal Reserve Has Become Way Too Powerful

Read more details in the article, and then pass it along to your friends...

Reply With Quote
The following 8 users say Thank You to Gary for this post:
 
  #2 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 703 received

12 years old Girl explains why most of the world, is in debt - YouTube

She hits nearly everything, except her solution. I don't subscribe to putting the reserve back into the hands of politicians, I advocate getting rid of it altogether and allowing competiting currencies to establish the fair market value of interest rates and lending.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
Reply With Quote
 
  #3 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 4 users say Thank You to PandaWarrior for this post:
 
  #4 (permalink)
Elite Member
Perdido Beach, AL
 
Futures Experience: Intermediate
Platform: graph paper
Favorite Futures: Guitar
 
websouth's Avatar
 
Posts: 1,150 since Jul 2009
Thanks: 1,094 given, 1,299 received

the real problem is that the video above has 350 views and
this video below has 778,196,190 views



“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Reply With Quote
The following 9 users say Thank You to websouth for this post:
 
  #5 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


websouth View Post
the real problem is that the video above has 350 views and
this video below has 778,196,190 views

Sadly you are correct.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
 
  #6 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

Thomas Jefferson: “The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless... ”

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 6 users say Thank You to PandaWarrior for this post:
 
  #7 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,231 received

Thanks Panda. I've added to my queue and will watch soon.

Let me pose the question... how do we change what we have forced upon us with The Fed? How are we supposed to realistically change this institution and the policies inflicted upon us?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #8 (permalink)
Banned: Vendor self-promotion
LA/CAlifornia REpublic
 
Futures Experience: None
Platform: NT7
Favorite Futures: Chello
 
Gabriyele's Avatar
 
Posts: 3,025 since May 2011
Thanks: 1,552 given, 5,369 received

Truth 2 Power!

Sound Money = Sound Economic Life

What we have today are Federal Reserve "Notes", and we all know what a note is!? Just that a note!

((Although i would not mind to have a contract with any government where i can provide them with the "Gabriyele Reserve Notes" in exchange for everything that they have!! Buahaha LOL ))

You have to admit, it is a pretty smart approach in enslaving any nation!!


http://mises.org/

Attached Thumbnails
The Federal Reserve-murray-rothbard-history-money-banking-united-states.pdf   The Federal Reserve-murray-rothbard-mystery-banking.pdf  

Last edited by Gabriyele; September 13th, 2012 at 12:34 AM.
Reply With Quote
The following 2 users say Thank You to Gabriyele for this post:
 
  #9 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


Big Mike View Post
Thanks Panda. I've added to my queue and will watch soon.

Let me pose the question... how do we change what we have forced upon us with The Fed? How are we supposed to realistically change this institution and the policies inflicted upon us?

Mike

The Austrian school of economics is more suited to answer that question than I. I think you can find it at mises.org

The point is this; what we have now does not work for the people. It only works for the big banks and big corps. Don't get me wrong, I am in favor of banks that actually do the work of a bank, namely take in deposits and loan out those deposits at interest without leveraging it 10:1 or more. Sound banking is good business. The Byzantine empire proved that for a 1000 years. Fractional reserve banking is a moral hazard especially when backed by the implicit guarantee of the taxpayer.

Every society in all of recorded history that has resorted to fiat money as opposed to some sort of hard money based on a physical asset like gold, silver or even beads as some very primitive societies used has collapsed. Bad money drives out good, bad money being defined as printed money as opposed to minted money.

I read The Creature From Jekyll Island when it first came out. But the lessons were lost on me. Now that I've lived through exactly what he described in the book in terms of the artificial boom bust cycle, I realize was not only was he right but the problem is far worse than we think.

The correct solution in my limited view is a return to the gold standard which he lays out how to do in the book with disrupting society and a return to real representative republican (not republican party) form of government. No more career politicians that pass more and more laws designed to line their and their friends pockets at the expense of the public. Laws designed to get them re-elected by pandering to ever more narrow voting demographics. (Classic divide and conquer tactics) We are no long One Nation Under God. We are now a nation of 300 million individuals with a "whats in it for me" attitude which our politicians encourage both overtly and subversively. No more wars overseas. A standing army is designed for one thing only. And its not good. Our framers envisioned a free nation that defended itself with citizen soldiers when attacked and lived in peace the rest of the time. And the list goes on.

Can we do all this in present day America? The short answer is no, but 200+ years ago, the idea that a piss poor collection of fiercely independent colonies could throw off the most powerful empire in history was equally impossible. But it happened. It took leaders of character that loved freedom more than life to do it though and I fear that is in short supply these days.

Today, men think the near servitude we live in is freedom. If only they knew.

The Keynesian economist/politicians hate the gold standard because it imposes monetary discipline. No longer can they spend with impunity. A little know fact is that the US government does not need taxes to run itself. Taxes in our society is for the re-distribution of wealth from the rich to the poor and to pay the interest on the debt it has incurred with the privately held Fed. The actual operating cash comes in the form of printed money which is in fact, an IOU from the US treasury to the Fed. And as we know, there is an unlimited supply of this.

This has the unfortunate effect of creating wage slaves out of the working population. Why, because the US government has pledged its tax revenues to the Fed to pay the interest on the debt. Where does that come from? Why from the working middle class of course. The poor don't pay, they steal from those that pay, the rich don't pay, they have corporate loopholes to legally dodge the taxes they demand the government pay them as interest. So who pays? The middle class and the entrepreneurial class. The people the government most needs to control. These people just want to be left alone to live their life. They are not activist in the liberal sense. They vote, they go to church, they pay their taxes without cheating. They are average Joe and Jane that believe in the American dream. Until one day they realize they were lied to all their life and are little more than indentured servants. The day these people wake up and decide to do something about it is what scares the crap out of our government and powerful elite. To make matters worse, these people own guns and know how to use them.

The debt is never intended to be repaid, just rolled over in exchange for more interest payments. On top of this, the private banks got the government to guarantee them in the case of failure which allowed them to take every bigger risks without worry they will lose their jobs or their fortunes. Occasionally they let one go to show they really don't do this but federally chartered banks regularly get bailed out whereas state chartered banks fail all the time without fanfare or bailouts.

The average American hasn't got a clue and the ones that do misplace the blame. Its a clever trick the bankers played. Calling the privately held "central"bank the Federal Reserve Bank. There's nothing federal about it other than the real feds owe the fraudulent fed a crap load of money. Once the general population figures out they've been raped all this time under the guise of being "helped", all hell will break loose.

As a nation, we sold our sovereignty to a bunch of Euro centric bankers in exchange for the right to spend money without consequence. And no one but the so called "right wing lunatics" has figured it out. Or if they have, they like it like this.

I reprint the first couple paragraphs here from the Declaration of Independence. Notice the words in bold. Our Founding Fathers knew that government often becomes oppressive of its citizens and declared that it was the responsibility of the governed to throw off the oppressors. This is impossible if the governed are unarmed.

The unanimous Declaration of the thirteen united States of America,

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.--That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Me again, I'm afraid I rambled. Its a subject impossible to digest in a such a brief posting. Nothing less than our freedom is at stake and its a complicated subject which needs historical context to understand. I'm not sure the general public has the real historical education to process what is happening to them. I know American history is no longer taught in the same what it was when I was a kid. Now our formation is ignored, our virtues are downplayed and our sins at the hands of the "evil rich white man" are expounded upon with little or no historical context or worse, what little "history" is taught is factually untrue. Professors and text book writers no longer rely on original source material and if they bother to source it properly, they take it out of context.

Visit the mises.org site They are the experts.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; September 13th, 2012 at 02:03 AM.
Reply With Quote
The following 10 users say Thank You to PandaWarrior for this post:
 
  #10 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received



Gabriyele View Post
Truth 2 Power!

Sound Money = Sound Economic Life

What we have today are Federal Reserve "Notes", and we all know what a note is!? Just that a note!

((Although i would not mind to have a contract with any government where i can provide them with the "Gabriyele Reserve Notes" in exchange for everything that they have!! Buahaha LOL ))

You have to admit, it is a pretty smart approach in enslaving any nation!!


Ludwig von Mises Institute : The Austrian School Is Advancing Liberty

Wow, those attachments are the bomb. Do you happen to have a copy of The Creature From Jekyll Island in pdf format?

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 2 users say Thank You to PandaWarrior for this post:

Reply



futures io > > > The Federal Reserve

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How The Federal Reserve Bought The Economics Profession Victory Trader News and Current Events 1 September 4th, 2012 06:08 PM
Romney supports audit of the Federal Reserve kbit News and Current Events 1 August 20th, 2012 09:02 PM
Federal Reserve to Run New Stress Tests on US Banks Quick Summary News and Current Events 0 November 22nd, 2011 07:10 PM
Who Can Save Obama: the Federal Reserve or Tea Party? Quick Summary News and Current Events 0 August 1st, 2011 06:50 AM
What, Exactly, Is the Federal Reserve Trying to Tell Us? Quick Summary News and Current Events 0 September 22nd, 2010 04:50 PM


All times are GMT -4. The time now is 01:14 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.17 seconds with 20 queries on phoenix via your IP 54.234.255.29