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ORIGINAL: DsBound

A little off topic, but learning about the Rothschilds in general is interesting and petrifying at the same time.

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ORIGINAL: Politesub53

I lost interest in the video in less than a thirty seconds, once it said the bankers instigated all wars and assasinations........ Thats absolute nonsense.

The Rothschilds didnt bankroll Napoleon but the did almost single handedly finance the British. Rothschild heard via his messengers that Wellington was victorious and realising there would be peace he bought as many UK Government Bonds as possible, knowing bond prices would rise.

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ORIGINAL: Yachtie

Look into the Warburgs banking clan. Max, Paul, and especially Felix. Paul remained in Europe, Max went to Russia, and Felix to the US. Like Rothschild, they financed everything. Also, IIRC, Rothschild is (or at least was) the banker to the Vatican.

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ORIGINAL: Politesub53

I lost interest in the video in less than a thirty seconds, once it said the bankers instigated all wars and assasinations........ Thats absolute nonsense.

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ORIGINAL: DomKen

FR
Bankers and financiers have a lot to answer for but there is no grand conspiracy of Jewish bankers running the world.

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ORIGINAL: Yachtie

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ORIGINAL: DomKen

FR
Bankers and financiers have a lot to answer for but there is no grand conspiracy of Jewish bankers running the world.

From wiki -

A conspiracy theory is an explanatory proposition that accuses two or more people, a group, or an organization of having caused or covered up, through deliberate collusion, an event or phenomenon of great social, political, or economic impact.


Bankers collude. Bankers do so in private. The creation of the Federal Reserve was done in secret. The fact that most of the top tier of bankers who designed modern banking are Jewish is more a nuance of history than that "they are Jewish".

The conspiracy is not because they are Jewish, but because they are Bankers.

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ORIGINAL: DomKen

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ORIGINAL: Yachtie

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ORIGINAL: DomKen

FR
Bankers and financiers have a lot to answer for but there is no grand conspiracy of Jewish bankers running the world.

From wiki -

A conspiracy theory is an explanatory proposition that accuses two or more people, a group, or an organization of having caused or covered up, through deliberate collusion, an event or phenomenon of great social, political, or economic impact.


Bankers collude. Bankers do so in private. The creation of the Federal Reserve was done in secret. The fact that most of the top tier of bankers who designed modern banking are Jewish is more a nuance of history than that "they are Jewish".

The conspiracy is not because they are Jewish, but because they are Bankers.

The Federal Reserve was not created in secret. It was debated in Congress and passed by large margins in both houses. A central bank that is independent of politics is one of the great advances in stabilizing the economy.

We are lucky to be so far removed from bank runs but it behooves us to know enough actual history to understand why things are setup the way they are.

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ORIGINAL: Yachtie
Therein we disagree. The FR was created in secret at Jekyll Island, Georgia. What was created (a private bank) by seven men was passed as you say, but Congress did not create it. Congress had no part in what took place at Jekyll Island.

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You could not be more wrong about central banking being "one of the great advances in stabilizing the economy". The simple fact is that the FR has operated under the premise that ~2% inflation is desirable and good. That, by definition, is hardly stable.

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ORIGINAL: DomKen


The idea was conceived there but the law that created it was debated and passed by both houses of Congress. There was nothing secret about it.

Let's consider your perfect no inflation economy. No one can ever get a pay raise. If a commodity becomes more expensive to produce the producer simply shuts down and the end products are no longer available, hope it wasn't food. The population cannot expand. IOW it is both impossible and undesirable.

Low levels of inflation are a natural product of the churning of the economy. This guy gets a raise, that mineral is more expensive to mine, this crop was is more popular, that group of young people enter the work force and prices go up slightly.

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ORIGINAL: Yachtie

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ORIGINAL: DomKen


The idea was conceived there but the law that created it was debated and passed by both houses of Congress. There was nothing secret about it.

Let's consider your perfect no inflation economy. No one can ever get a pay raise. If a commodity becomes more expensive to produce the producer simply shuts down and the end products are no longer available, hope it wasn't food. The population cannot expand. IOW it is both impossible and undesirable.

Low levels of inflation are a natural product of the churning of the economy. This guy gets a raise, that mineral is more expensive to mine, this crop was is more popular, that group of young people enter the work force and prices go up slightly.

According to research (creature from Jekyll island) ( quoting as appearing in the Saturday Evening Post (Feb. 9, 1935)) -

And the answer is provided by Vanderlip himself in the same article. He said: "If it were to be exposed publicly that our particular group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress."

The people who designed the FR were the same money trust which Congress meant to break up.

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As to inflation, not so. Expanding (or contracting if needed) the money supply as to enable stable prices is not inflation.