Comments on: Never-Ending Government Lies About Markets

By: Stuart Davies

Stuart Davies — Sat, 04 Jul 2009 16:28:35 +0000

Well, here we have certain implicit fallacious concepts which re-occur on a regular basis on this website made explicit. Most notably, it is the tired lie that the Fed is the government's Central Bank. Let's get this clear guys - the Fed is a privately owned corporation, and though the government is now utterly dependent upon it, it has no control over it, in spite of the fact that the Fed chairman is nominated by the president and confirmed by the Senate to a (lifetime!) position. The Fed is owned by the regional reserve banks, with 53 percent ownership held by the New York reserve Bank. these banks are in turn owned by banks in their respective region. Yes indeed, the Fed - and their long running scam of debt based money created from thin air -is the real source of our current economic woes. And yes indeed "The purpose of government is for those who run it to plunder ( or more accurately aid others plunder) those who do not. Throughout history, governments have used violence, intimidation, coercion, and mass murder to enforce this system. But governments' first line of "defense" is always a blizzard of lies - about its own alleged benevolence, altruism, heroism, and greatness, along with equally big lies about the "evils" of the civil society".... however, the notion that the forces this clown identifies as the "Free Market" are at odds with the forementioned vilence, intimidation, mass murder, and lies - and with the governments which have spawned them - is simply ludicrous, rolling on the floor and laughing so hard you break your bloody ribs hillarious. Western governments are not at odds with the corporate wet dream called the "free" market, they are the ones who are using violence, intimidation, propaganda, mass murder, and a blizzard of lies, IN COLLUSION WITH THE CENTRAL BANKERS AND THE WEB OF CORPORATE PIRATES THEY OWN, to IMPOSE their "free market" scams - along with their debt based monetary system - on the other 99 percent of us. In a very real sense we can say the the Fed and other central banks are one and the same entity as the G-8 governments, but that is only true because those governments have long since been subverted and completely taken over by the owners of those very same cental banks. You guys are smarter than this, I know it. Please keep these wingnuts off your pages, they make you look stupid.

By: me

me — Fri, 03 Jul 2009 05:30:02 +0000

Damnit....(continued) have made the world such a horrible and unbearable place for us to live in.

By: me

me — Fri, 03 Jul 2009 05:28:53 +0000

I usually respect the articles that come from the daily reckoning even if I don't agree with them, and try to view them objectively, but this piece is just a steaming pile of crap. The author's attempt to rewrite America's industrial history is nothing more then a left wing beat up to satisfy his own dislike of anything "progressive", I had to check who was writting this because even Bill Bonner, who i wouldn't describe as pro government doesn't make idiotic claims like this. While I understand the economicaly right wing leaning of the daily reckoning, and that it lets its partisanship creep into most of its articles, I prefer it when they stick to data, logic and facts, not indulging in socialist bashing and long winded rants about why governments are so evil and why their actions in the 19th century

By: Ross

Ross — Fri, 03 Jul 2009 05:06:03 +0000

This is a poor article and bad history. For starters Hoover opposed Smoot-Hawley but he couldn't vetoe his fellow Republicans in the face of an election. The author doesn't seem to know what he is politically but he could start by reading the Roosevelt administration's disasterous National Industrial Recovery Act which authorised cartels and suspended anti-trust and tried to control wages. And yes robber barons really were just that and the US anti-trust legislation is one of the good guys.

By: bob

bob — Fri, 03 Jul 2009 02:32:07 +0000

The Anglo/American Establishment of which a sub-section is the Federal Reserve Bank. Is up to great Evil. They payed for all side of WW1 and WW2. They are the Military Industrial Complex that Ike warned us about. They are the Central Banks and other big business.

Check out the Council on Foreign Relations.

By: Dinakarananda

Dinakarananda — Fri, 03 Jul 2009 01:12:39 +0000

I guess when people move from risking life and limb for 'No Taxation without representation' to wearing T-shirts with 'yes we can' they ought to get such a government and a Federal reserve. If we could fight the then mightiest empire and win freedom, we can do that now. Happy Independence Day.