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f3lix · 06-11-2009, 11:20 PM

HR 1207 (The Federal Transparency Act of 2009) now has 222 co-sponsors (majority of the house) and now just needs to be finalized in its committee before going to the floor. This is absolutely HUGE. Anybody with any knowledge of this country's financial situation knows how devastating the federal reserve is to our country. Passing this bill will force the Federal Reserve to prove they can back up all the money they've created and promised (which is impossible) and for the third time in American history, we can take our dollar AWAY from a massive private bank!

DJ FC · 06-12-2009, 01:44 AM

Quote:

Originally Posted by f3lix

Anybody with any knowledge of this country's financial situation knows how devastating the federal reserve is to our country.

Um, no? Perhaps I have no knowledge of the financial situation? Or maybe I actually do know how devastating the federal reserve is, but don't know that I know it?

Or maybe by "how devastating" you mean "relatively benign?"

f3lix · 06-12-2009, 12:11 PM

I just lost a ton of respect for you, GWB.

The federal reserve owns half of the US debt (around 5 trillion) and our interest each year to them is so great that is equates to every single dollar Americans pay in income taxes annually.

But where did the federal reserve get all this money to start with? Nowhere. They just printed it out of thin air and threw it into circulation thus devaluing our dollar 96% since it's inception less than a century ago.

There's your fucking Financial 101 lesson, you ignorant prick.

THEINCREDIBLEdork · 06-12-2009, 12:42 PM

DJ FC · 06-12-2009, 01:46 PM

Quote:

Originally Posted by f3lix

I just lost a ton of respect for you, GWB.

The federal reserve owns half of the US debt (around 5 trillion) and our interest each year to them is so great that is equates to every single dollar Americans pay in income taxes annually.

But where did the federal reserve get all this money to start with? Nowhere. They just printed it out of thin air and threw it into circulation thus devaluing our dollar 96% since it's inception less than a century ago.

There's your fucking Financial 101 lesson, you ignorant prick.

I know all these things.

I just hate people making such broad statements as "Anybody with any knowledge of this country's financial situation knows how devastating the federal reserve is to our country."

You sound ignorant when you say this.

The people at the Federal Reserve themselves know a lot more about this country's financial situation than you, but they have a differing oppinion.

It's one thing to say that the Fed hurts America, it's a drastically different thing to say that EVERYBODY WHO HAS EVER DEALT IN FINANCE ACCEPTS THAT THE FED KILLS AMERICA.

Stop making blanket statments.

THEINCREDIBLEdork · 06-12-2009, 04:05 PM

f3lix · 06-13-2009, 05:49 AM

My statement was for the Shaw's of the world that have no idea what the federal reserve is or how is affects him.

DJ FC · 06-13-2009, 06:24 PM

Well then you should have worded it differently.

Because the GWBs of the world know the problems that our country faces, and a lot of them don't think the Fed is raping women and murdering children. It's very bad in principle, but in practice you and I get along just fine. So "devastating" might not be the right word.

f3lix · 06-13-2009, 06:47 PM

You and I have a problem if you think the Fed is less dangerous than the paltry number of women getting raped and children getting murdered.

If you're just being an antagonizer and playing the "women and children" card, then well-played.

Dent · 06-13-2009, 06:52 PM

That's a pretty interesting bill f3lix, how long untill it's finalized? Do you predict much media coverage of it? Zeitgeist explains all this to laypersons like myself.
Question to anyone : Is economic growth the best indicator of progress?
+ to gwb, opinion on uk parties? I voted green, feel free to call me a pussy liberal (though I love the majority of their policies, just not the energy/lack of nuclear and their protect the animals shit)

f3lix · 06-14-2009, 09:35 AM

This bill (HR 1207) is being pushed VERY hard by voters and their endless calls to their representatives. The Federal Reserve just hired a P.R. person to try and dissuade co-sponsors, but none have removed their signature thus far. It's going to get VERY ugly as this bill gets closer and closer to passing. Without a doubt, fear mongering will be used and there will be claims that our money/economy will collapse without the federal reserve since those in power would be at risk of losing it. Things should get quite interesting in the coming weeks and months.

Mr. Blonde · 06-14-2009, 09:44 AM

good prediction. i'm far from being anything close to as economy-minded as some of you guys, but i enjoy observing/learning/understanding what i can. going to be interesting to see how this turns out.

f3lix · 07-15-2009, 01:48 PM

Update on HR 1207. It now has 267 co-sponsors (CLEAR majority in the House) and is up to 8 co-sponsors in the Senate. While the Senate might seem small, it was at 2 just 3 weeks ago. The pressure keeps building and the co-sponsors keep joining. I really like this.

f3lix · 08-03-2009, 09:23 PM

Update:

HR 1207's Audit the Fed was polled. A Rassmussen Poll found 75% nationwide approve of auditing the fed, versus 9% saying no, and 15% no opinion.

We are winning this battle.

Repugnant Abomination · 08-03-2009, 09:40 PM

As much as I want it to happen I don't think it ever will.

f3lix · 08-03-2009, 11:17 PM

A nation demanding to their elected members of Congress get what they want. In the house, it is past the point of an Obama veto. We WILL win this.

Mr. Blonde · 08-04-2009, 01:18 AM

F3lix, is there anything they can do to stop it at this point? And if they do, what do you predict will happen?

Ugly Bastard · 08-04-2009, 02:45 AM

Quote:

Originally Posted by f3lix

A nation demanding to their elected members of Congress get what they want. In the house, it is past the point of an Obama veto. We WILL win this.

Prop bet?

Pliedes · 08-04-2009, 09:04 AM

Quote:

Originally Posted by Mr. Blonde

F3lix, is there anything they can do to stop it at this point? And if they do, what do you predict will happen?

It very well may die in committee. The bill is still on the table in the House Committee on Financial Services. 42 Democrats and 30 Republicans (including Ron Paul) will vote on the bill and send it to the House (maybe, maybe not). If it's seriously going to happen the committee chair needs to get behind it, and that man is Barney Frank.

A real vote in the House won't come 'til the midterm elections, if it happens at all.

If you're really so inclined, you can watch the video below of him discussing the bill, kinda. Not too promising.

YouTube - Barney Frank discusses H.R. 1207: The Federal Reserve Transparency Act of 2009

f3lix · 08-04-2009, 09:30 PM

There is such a thing on the House called a Discharge Petition that can be called at any time which brings a bill out to the floor to be debated and voted on with just a simple instant majority of the house. This was created to counter a committee head being the lone person stopping a bill from going to the floor. In addition, Pelosi couldn't stop it either.

Just think about this for a second... The committee chair doesn't want it to come out and the speaker of the house doesn't want it either, because it's anti-Obama Administration planning. But 2/3rds of the House overthrow those two and pass the bill at a rate that can't even be vetoed by Obama. This is REAL politicking. God help this happen!

Quote:

Originally Posted by Ugly Bastard

Prop bet?

Odds?

Ugly Bastard · 08-05-2009, 02:21 AM

You said you "WILL" win this time, but I'll be a good sport and only ask for 2:1.

$100 to win $200?

f3lix · 08-05-2009, 05:56 AM

Who's getting the 2:1 and what exactly are we betting?

Ugly Bastard · 08-05-2009, 12:27 PM

I'm getting 2:1 that HR 1207 never gets passed.

DDTempest · 08-05-2009, 10:42 PM

Quote:

Originally Posted by Ugly Bastard

I'm getting 2:1 that HR 1207 never gets passed.

Seems like a trap, if they rename it UB wins on a technicality.

f3lix · 08-06-2009, 04:25 PM

I want even money.

As DDT said, the bill might get shopped and re-emerge as a new bill.

06-12-2009, 12:42 PM	#204 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,316 Internets: 284585
	#YOLO

06-12-2009, 04:05 PM	#206 (permalink)
THEINCREDIBLEdork Emperor Meow Join Date: Sep 2004 Posts: 9,316 Internets: 284585
	#YOLO

06-13-2009, 06:24 PM	#208 (permalink)
DJ FC MURICAN Join Date: Jul 2004 Location: Virginia Posts: 5,136 Internets: 250185	Well then you should have worded it differently. Because the GWBs of the world know the problems that our country faces, and a lot of them don't think the Fed is raping women and murdering children. It's very bad in principle, but in practice you and I get along just fine. So "devastating" might not be the right word.
	The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.

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06-11-2009, 11:20 PM	#201 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	HR 1207 (The Federal Transparency Act of 2009) now has 222 co-sponsors (majority of the house) and now just needs to be finalized in its committee before going to the floor. This is absolutely HUGE. Anybody with any knowledge of this country's financial situation knows how devastating the federal reserve is to our country. Passing this bill will force the Federal Reserve to prove they can back up all the money they've created and promised (which is impossible) and for the third time in American history, we can take our dollar AWAY from a massive private bank!

06-12-2009, 12:11 PM	#203 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	I just lost a ton of respect for you, GWB. The federal reserve owns half of the US debt (around 5 trillion) and our interest each year to them is so great that is equates to every single dollar Americans pay in income taxes annually. But where did the federal reserve get all this money to start with? Nowhere. They just printed it out of thin air and threw it into circulation thus devaluing our dollar 96% since it's inception less than a century ago. There's your fucking Financial 101 lesson, you ignorant prick.

06-13-2009, 05:49 AM	#207 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	My statement was for the Shaw's of the world that have no idea what the federal reserve is or how is affects him.

06-13-2009, 06:47 PM	#209 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	You and I have a problem if you think the Fed is less dangerous than the paltry number of women getting raped and children getting murdered. If you're just being an antagonizer and playing the "women and children" card, then well-played.

06-13-2009, 06:52 PM	#210 (permalink)
Dent Lost in Hilbert Spice Join Date: Jun 2004 Location: Surrounded by knaves and fools Posts: 3,505 Internets: 177361	That's a pretty interesting bill f3lix, how long untill it's finalized? Do you predict much media coverage of it? Zeitgeist explains all this to laypersons like myself. Question to anyone : Is economic growth the best indicator of progress? + to gwb, opinion on uk parties? I voted green, feel free to call me a pussy liberal (though I love the majority of their policies, just not the energy/lack of nuclear and their protect the animals shit)

06-14-2009, 09:35 AM	#211 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	This bill (HR 1207) is being pushed VERY hard by voters and their endless calls to their representatives. The Federal Reserve just hired a P.R. person to try and dissuade co-sponsors, but none have removed their signature thus far. It's going to get VERY ugly as this bill gets closer and closer to passing. Without a doubt, fear mongering will be used and there will be claims that our money/economy will collapse without the federal reserve since those in power would be at risk of losing it. Things should get quite interesting in the coming weeks and months.

06-14-2009, 09:44 AM	#212 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	good prediction. i'm far from being anything close to as economy-minded as some of you guys, but i enjoy observing/learning/understanding what i can. going to be interesting to see how this turns out.

07-15-2009, 01:48 PM	#213 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	Update on HR 1207. It now has 267 co-sponsors (CLEAR majority in the House) and is up to 8 co-sponsors in the Senate. While the Senate might seem small, it was at 2 just 3 weeks ago. The pressure keeps building and the co-sponsors keep joining. I really like this.

08-03-2009, 09:23 PM	#214 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	Update: HR 1207's Audit the Fed was polled. A Rassmussen Poll found 75% nationwide approve of auditing the fed, versus 9% saying no, and 15% no opinion. We are winning this battle.

08-03-2009, 09:40 PM	#215 (permalink)
Repugnant Abomination Almost there... Join Date: Feb 2005 Posts: 5,979 Internets: 161638	As much as I want it to happen I don't think it ever will.

08-03-2009, 11:17 PM	#216 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	A nation demanding to their elected members of Congress get what they want. In the house, it is past the point of an Obama veto. We WILL win this.

08-04-2009, 01:18 AM	#217 (permalink)
Mr. Blonde Spice Master Join Date: Jan 2004 Posts: 17,969 Internets: 278288	F3lix, is there anything they can do to stop it at this point? And if they do, what do you predict will happen?

08-05-2009, 02:21 AM	#221 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	You said you "WILL" win this time, but I'll be a good sport and only ask for 2:1. $100 to win $200?

08-05-2009, 05:56 AM	#222 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	Who's getting the 2:1 and what exactly are we betting?

08-05-2009, 12:27 PM	#223 (permalink)
Ugly Bastard Senior Member Join Date: Feb 2002 Location: U.S.A. Posts: 13,643 Internets: 247330	I'm getting 2:1 that HR 1207 never gets passed.

08-06-2009, 04:25 PM	#225 (permalink)
f3lix Gangnam Style Join Date: Oct 2003 Location: DH's Massage Parlor Posts: 6,383 Internets: 213510	I want even money. As DDT said, the bill might get shopped and re-emerge as a new bill.