| |
  
|
||||||||||
It begins- Forbes Magazine Against HR 1207
Submitted by JohnGalt300 on Wed, 05/13/2009 - 07:25
At least they're getting scared. http://www.forbes.com/2009/05/12/federal-reserve-bernie-sand... » |
|
|||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
Their Independence - or their Ability to Steal?
This guy claims that he is worried about the Federal Reserve's ability to maintain it's "independence"? I am worried about their practice of stealing wealth from the American people!!
Why should a private central bank, created by the Congress in violation of the Constitution, enjoy independence? Why should it even exist?
Why do we allow these crooks to inflate our currency when the Constitution mandates that the Congress coin money out of gold and silver?
Cooley revises article~ attacks Ron Paul!!!
***He added to his article...this is what he says after quoting Ron Paul:
"Great! Obviously, monetary policy is so falling-off-a-log simple that your elected representatives can insert themselves via the demand for transparency into decisions of true complexity and subtlety. Why am I not feeling reassured"
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
UPDATE:Cooley revised his article & attacks Ron Paul,HR 1207!!
* check it out...he revised the article!! I put a comment on there exposing that Cooley is a consultant for the NY and Minneapolis Federal Reserves also a group he belongs to had the Boston Fed Res as one of thier 2009 meeting sponsors! What a douche!
here is the revised article:
http://www.forbes.com/2009/05/12/federal-reserve-bernie-sand...
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
BIG TIME
He made himself more vunerable IMO.
WE ARE GOING TO WIN!
___.---.___
.' ( ) '.
) /)' '( )
',_( ';-;'\_,'
|-|
(")
Cooley trying for damage control~ FAIL!
Ha! They must really be worried...I expect to see alot more Fed "stooges"..er..."consultants" pop up with articles against HR 1207 !!
He added photos of Ron Paul and Bernie Sanders in addition to his other revisions to the article! I wonder how much he gets paid for being a consultant to Fed Res of NY and Minneapolis?
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
Liberty_Belle
I think this is a real big deal. He can not defend the fed, but someone has to try and he was picked, so he's trying, and definately failing.
WE ARE GOING TO WIN!
___.---.___
.' ( ) '.
) /)' '( )
',_( ';-;'\_,'
|-|
(")
It's a beautiful sight to behold...
reading through all of the comments!! He'll be reporting back to the Feds ...then they will come at it again somewhere else ...just watch!! I hope everyone sees my comment exposing him as a consultant to NY and Minn. Fed Reserve!! Ha! Ha!
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
I'd love to force this jerk to explain this passage:
They're fundamentally the same thing-- the Federal Reserve issuing money in order to prop up asset prices. If it's not not 'neutral' to buy 'auto loans' then it follows that buying 'Treasury securities' is also not 'neutral'.
Second... the guy gives me a weird vibe. He's hostile to 'political' attempts to influence monetary policy, and yet seems quite critical of the recent spate of Federal Reserve policy-- the way he ends the piece eloquently sums up his feelings on the topic:
I for one whole heartedly agree, it would be simply dreadful if the Federal Reserve, through its abuse of power, managed to draw down upon itself the wrath of the plebes. Congress would have to get involved, there would be investigations and debates, probably some political grandstanding, and then, for good measure and symmetry, a fresh round of debates and investigations. If we're supremely unlucky, our representatives might actually deign to modify fiscal policy, which would of course distract them from the far more pressing matters that we send them to Washington to address-- I speak of course of attending hearings about steroid use in professional sports and going on junkets.
Long story short, the guy who wrote the article makes some decent points and offers a few tidbits of interesting information, but not much else.
Cooley~ CFR and Consultant to the Fed Reserve Banks!!!
**Consultant to the Federal Reserve Banks of New York and Minneapolis
http://pages.stern.nyu.edu/~tcooley/papers/tfccvweb.pdf
also
Cooley is a member of the Econometric Society and its 2009 society meeting is sponsored by the Federal Reserve Bank of Boston!
http://www.bu.edu/econometrics/sponsors.html
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
This article is so full of potholes
I couldn't fly Airforce 1 over it without hitting some air pockets.
- The writer claims to have knowledge of the Fed's activities when they are secretive to begin with
- He admits that the Fed is doing things it should not be
- He naively thinks that the Fed, out of the goodness of its heart, fix the problem, if they are just left alone? Get real.
FORBES IS NOT NECESSARILY AGAINST HR 1207 - IT'S Thomas F. Coole
Thank you for the link to the article.
Having personally known Malcolm Forbes Sr. when he was alive, my gut instinct tells me that he would have supported Ron Paul and his HR 1207.
Just because one of Forbes contributers wrote a misguided piece against HR 1207, does not necessarily mean that FORBES magazine as a whole agrees with Thomas F. Cooley,. I would adjust your headline accordingly.
exactly
that is what I have been saying below. Steve Forbes campaigned for Dr. Paul while almost the rest of the GOP with Gingrich, Bush 1&2, NRA campaigned against Dr. Paul and he has published articles by Dr. Paul as well. Moreover, Steve Forbes is part of Dick Armey's "FreedomWorks", who also expressly support 1207 by having their name also included in the letter to congress re. 1207.
Cooley is probably a Keynesian.
Steve Forbes and Giuliani
Didn't Steve Forbes endorse Giuliani for pres.?
##$We need to build political strength and political will*&*^
We need to build political strength and political will.
FED needs to remain
FED needs to remain independent? Are you kidding me! The Fed and the treasury department work together. geesh! The comments on there are hilarious.
this article is a total joke.
this was obviously the work of an insider, and his arguments were so awful and irrational. arguing with this guy is just like obama arguing with dick cheney about torture. get over the statism. this nonsense is illegal. audit the fed!
Why is Steve Forbes not in control of his own magazine?
I thought he was the "get rid of the IRS" guy, and not a mouthpiece for the damn Banking crooks
did Steve Forbes
wrote the article? I think not. This does not mean Steve Forbes agrees with all in the article. It is time an open discussion. The fact that for instance the NYT would publish an open letter or article by say Ron Paul, Mark Sanford, Tom Coburn does not mean the NYT subscribe to those views. Forbes has every right to publish different points of views as well. This is good for the discussion. Good thing is that the issue is not ignored anymore.
NOT FORBES magazine
but the view of the author of the article. You cannot say Forbes magazine or Steve Forbes himself endorses everything that is written. Remember Steve Forbes campaigned for Dr. Paul in 2000, is in favor of the competing currencies and he sits on the board of Dick Armey's FreedomWorks, with which Dr. Paul has an alliance and FreedomWorks is also one of the institutions that signed the letter/add in the Washington Times about promoting 1207!
So please change in your heading to the author of the article, just as Lew Rockwell and Anthony Gregory on the C4L webpage have done. Note they have NOT attacked Forbes magazine, that also had article by Dr. Paul in the past.
The Case Against the Fed:
In response to the concerns about the Fed's "independence," Murray Rothbard wrote back in the 1990s in his great book The Case Against the Fed:
The standard reply of the Fed and its partisans is that any such measures, however marginal, would encroach on the Fed's "independence from politics/' which is invoked as a kind of self-evident absolute. The monetary system is highly important, it is claimed, and therefore the Fed must enjoy absolute independence.
"Independent of politics" has a nice, neat ring to it, and has been a staple of proposals for bureaucratic intervention and power ever since the Progressive Era. Sweeping the streets; control of seaports; regulation of industry; providing social security; these and many other functions of government are held to be "too important" to be subject to the vagaries of political whims. But it is one thing to say that private, or market, activities should be free of government control, and "independent of politics" in that sense. But these are government agencies and operations we are talking about, and to say that government should be "independent of politics" conveys very different implications. For government, unlike private industry on the market, is not accountable either to stockholders or consumers. Government can only be accountable to the public and to its representatives in the legislature; and if government becomes "independent of politics" it can only mean that that sphere of government becomes an absolute self-perpetuating oligarchy, accountable to no one and never subject to the public's ability to change its personnel or to "throw the rascals out." If no person or group, whether stockholders or voters, can displace a ruling elite, then such an elite becomes more suitable for a dictatorship than for an allegedly democratic country. And yet it is curious how many self-proclaimed champions of "democracy," whether domestic or global, rush to defend the alleged ideal of the total independence of the Federal Reserve.
http://www.campaignforliberty.com/blog.php?view=18099
Ron Paul 2012 for Peace
"Champions of Democracy"
And when the elites say this recession is the failure of capitalism do you believe that too?
Constitutional Ignorance in High Places
I wonder what part of Article I, Section 8 of the U.S. Constitution Thomas F. Cooley is having trouble understanding. I guess he needs to be reeducated on that matter because his mind is blinded by dollar signs with no sense.
At least..
At least..
http://www.cfr.org/conten...
http://www.cfr.org/content/thinktank/Depression/Cooley_bio.pdf
Dr. Cooley received his bachelor of science from Rensselaer Polytechnic Institute, and his master of arts and doctor of philosophy from the University of Pennsylvania. He also holds a doctorem honoris causa from the Stockholm School of Economics. He is a member of the Council on Foreign Relations.
Establishment libertarians
make this same elitist argument. They believe one man / one vote is mobocracy.
Here is an excellent article
Here is an excellent article from The Daily Bell that explains why the Federal Reserve and their cohorts are scared.
http://www.thedailybell.com/index.asp?fl=
It sells gold and silver, ultimately
But this is a very imporat part:
//Central banking will likely survive in one form or another. No institution of such authority simply vanishes. The money and power of central banking guarantee that the mechanism will be perpetuated somehow - even expanded from sheer momentum. But a regrouping will have to take place. Even if central bankers are able to maintain the outward manifestation of the economic mechanism, it has begun to rot from the inside as it topples. It may take a month, a year, a decade but changes are coming.//
which they back up with Liberal issues, Global warming...peak oil...
Thus, I would have concludes, that as the Central Banks (globally) rot from the inside, they are morphing into a global central bank.
WE ARE GOING TO WIN!
___.---.___
.' ( ) '.
) /)' '( )
',_( ';-;'\_,'
|-|
(")
good link
thanks. Alan Grayson is one of the good guys. Having democrats that are critical of the Federal Reserve System helps libertarians and Ron Paul because it shows that people with different political philosophies can see that there is corruption going on with the Fed.
Wow
Forbes proves itself to be nothing but a Crony Corporatist wet rag in printing this tripe.
_________________________________
My liberty-minded home base of thought:
www.ponderthis.net
_________________________________
Freedom - Peace - Prosperity
Independant Fed
"Anything that threatens the independence of the Fed threatens the long-term viability of monetary policy. It is really important that the expanded role of the Fed in the current crisis not threaten that viability. An independent Fed can pursue policies that are politically unpopular yet in the public interest."
Gee, if independence from the oversight and control of government is so good for the Fed, imagine what it could do for you or me?
Are you kidding me..."Anything that threatens the independence fo the Fed threatens the long term viability of monetary policy."...how about "Anything that threatens the independence of the indvididual (for instance the Fed) threatens the long term viability of my family and our nation."
Nice Response.
I posted your response on digg in case this thing gets any support. I also made sure to give you credit for your work. I wrote at the bottom fiodax.