Comments on Brain Bender: Abolish the Federal Reserve

You stated or at the very least, implied that the ...

2009-10-27T18:42:03.648-06:00

You stated or at the very least, implied that the fed “pay[s] their top executives obscene paychecks and bonuses”. This is completely untrue. As I stated because the Fed is quasi-public; one of the aspects that makes it a public entity is that the salaries of the officials are decided by the government. You also repeatedly call the Fed a “private” organization. This is not true the Fed is a quasi-public organization. Also the Fed does not create money. When the expression that the fed is “printing money” is used it simply means the fed is expanding the size of its balance sheet and thus is able to funnel money directly into banks in an effort to increase liquidity in the market. And that right there is something that the Treasury Department could not do. Also, one reason that the Fed is set up in the manner that it is, is so that it is free of political entanglements. The Fed manages to remain this way because of the length of the terms of the board members, the election process of regional bank presidents and lack of financial ties between the Fed and government. If the Fed were to take over the responsibilities of the Fed it would be completely tied to the government and thus the not as effective as the current Fed system. Also, for the record I have no conflict of interest.

Lindsay, Pease educate my ignorance and provide s...

2009-10-27T17:06:35.288-06:00

Lindsay,

Pease educate my ignorance and provide specifics about where what I have said is wrong and what benifits the FED provide that the US Treasury could not perform.

Also, I am interested if you have any conflicts of interest on this issue. Why are you so passionate about defending the FED?

Last time I looked, the FED was not part of the Constitution. Therefore, I don't consider it unAmerican to question its utility.

Please educate yourself before putting things like...

2009-10-26T11:51:12.330-06:00

Please educate yourself before putting things like this out into the world. Your entry demonstrates VERY limited knowledge of the fed and the way that it is operate. For one this Fed officials do not receive large salaries or bonuses, in fact, the Chairman (Bernanke) receives less than the regional bank presidents. The Federal Reserve plays a vital role in keeping the economy safe in functioning. Someone else on here said that it is deplorable that any true American would support the fed, well I believe that it is deplorable for someone to speak when they have no idea what they are talking about.

Loan that combines and refinances other loans or d...

2009-04-11T11:08:00.000-06:00

Loan that combines and refinances other loans or debt. It is normally an installment loan designed to reduce the dollar amount of an individual's monthly payments.
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Hi DavidI stumbled across your blog on LDS BLOGS. ...

2009-03-03T01:25:00.000-07:00

Hi David
I stumbled across your blog on LDS BLOGS. I thought you mighe be interested in a site my wife and I just built called MormonsMadeSimple.com, which uses simple, explanatory videos to explain the Mormon faith. Feel free to feature any of these videos on your blog, or just share them with non-member friends. We're hoping these videos will be missionary tools to help members share their beliefs. Anyway, sorry to spam your comments section. I couldn't find any contact information for you on your blog.

- Doug & Laurel

...And here we sit, in 2009. A nation in a mounta...

2009-02-23T08:18:00.000-07:00

...And here we sit, in 2009. A nation in a mountain of debt that not even our great-great grand children will be able to pay. A nation that should be thriving in industry and services. A country that has not seen the record number of foreclosures, bankruptcies, job losses that we've seen today. It's SHAMEFUL that ANY true American citizen could defend the Federal Reserve and say that it should not be destroyed.

Debt Free Life is the key to your Financial Freedo...

2009-02-07T23:50:00.000-07:00

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Broz....No words can describe my passion for this ...

2009-01-22T09:51:00.000-07:00

Broz....No words can describe my passion for this subject and more importantly, the cause... You have put it very eloquently....
0424781740 (Aus No) Pls call if only for a chat

NOT to banks that would encourage debt which CAUSE...

2009-01-20T08:26:00.000-07:00

NOT to banks that would encourage debt which CAUSED this. Just give OUR money BACK to us. Money we EARNED. (Debt free, not borrowed on credit at 21 percent.) Its right there in front of everyone. But the democrats do not want THAT part,

Debt Free