-Caveat Lector- Don't get me wrong here, as far as I'm concerned the Federal Reserve is the biggest scam ever run. Print money from debt and charge interest on it. The biggest money maker is fractional reserve banking where Fed banks can lend out 9 times the amount of Fed notes they have on hand at interest. I'm playing devil's advocate here. Edward Flaherty has lorded it over the Internet with his "the Fed's a public spirited Org" line of BS for several years. I've read Edward Griffin's book "The Creature From Jekyll Island," Tony Suttons's "The Federal Reserve Conspiracy," "The Debt Virus" by Jainkarin and watched the Money Masters video set, but I'm still not confidant that I could debate Flaherty convincingly. Gavin. Below is Flaherty's opinion, not mine. In a message dated 10/16/99 4:41:09 PM Central Daylight Time, [EMAIL PROTECTED] writes: << In a message dated 10/16/99 12:56:49 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: > Schauf and the Coalition argue this would be an "interest-free" form of > currency. However, there is no functional difference between U.S. Notes and > the Federal Reserve notes we now use. Neither impose a net interest burden > on the Treasury. The key difference between the two currencies is who > controls the issuance. The publicly-appointed Board of Governors now > controls the emissions of Federal ReserveNotes and can make monetary policy > decisions largely independent of political pressure. The idea that the monetary policy is free of political pressure is patently absurd on the face of it. The FED Chairman routinely makes decisions based on political expediency and pressure, viz his raising and lowering of interest rates to abate inflation or spur the economy. ****************************************************************************** *********************************** "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents. We live on a placid island of ignorance in the midst of seas of infinity, and it is not meant that we should voyage far. The sciences, each straining in its own direction, have hitherto harmed us little; but someday the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the deadly light into the peace and safety of a new dark age." H.P.Lovecraft; "The Call of Cthulhu" >> DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance—not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credeence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://home.ease.lsoft.com/archives/CTRL.html http:[EMAIL PROTECTED]/ ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
