Repetition is not a logical argument. It's a false-dichotomy because both the government and the private banks comprising the Federal Reserve system can (and do) benefit from monetary expansion (counterfeiting).
These historical questions are irrelevant to the present topic. Either both the government and the private banking system can simultaneously profit from monetary expansion, or they can't both simultaneously benefit. Obviously, both can (and do) simultaneously benefit.
Typical for central bank apologists, you want to get into all kinds of irrelevant legal/transactional details. Regardless of the many, many particular details of how the central bank counterfeits money on behalf of the government, the reality of what is happening is so simple that a young child can completely understand it. The central bank prints money (that is, adds fictional cash balance to its ledger) which is given to the government via some kind of fig-leaf transaction (in the case of the Fed, this is usually by purchasing Treasuries). That newly counterfeited cash is then deposited in the self-same banks which comprise the Federal Reserve, where they earn interest on it. So, when the Fed prints $100B, the USG immediately receives $100B in revenues it did not have before the Fed printed money. That $100B is now placed on deposit in banks in the Fed system, where it is loaned out and creates revenues for those banks through the earning of interest. Because of money-winding, the actual amount of money being lent is greater even than $100B, but that's another topic. The point is that BOTH sides benefit from the transaction, meanwhile, all holders of US Dollars are stolen from, in precisely the same way they are stolen from by any counterfeiter, private or public.
The central bank prints money in the sense that they add fictional balances to their ledger via fraud. In any other bank, if the bank manager were to add, say, $100M to their ledger without any real money corresponding to that $100M "transaction", that would be criminal fraud and they would go to prison. Unless that bank happens to be the Fed (that is, one of the 12 regional banks comprising the Fed system). Then, the manager is a hero and we celebrate their courage in "managing inflation" and "stabilizing the dollar" and other bullshit like that.
This is a fig-leaf, a charade, a ruse. The essence of money laundering is the mixing of legitimate cash flows into illegitimate ones. The central bank does not wheel pallets of cash into the Treasury department for the simple reason that it would be so obvious what is happening that even journalists and Senators could figure it out. So, instead, they wrap it in a cocoon of obfuscation, no different than any other financial scam. This obfuscation primarily centers around the purchase of Treasuries in the so-called "open market". With its magic ledger, the Fed can invent any amount of money and use that infinity-cash to purchase any amount of Treasuries. Other actors besides the Fed are also legally permitted to purchase Treasuries. That's money laundering 101... mixing legitimate cash-flow with illegitimate. But the essential transaction that is occurring here is no different -- not even by one single iota -- from the Fed dispatching convoys of semi-trucks laden with pallets of cash to the Treasury, on a daily basis. In fact, the amount of money printed up by the Fed and sent to the US government is so enormous there is no logistical way it could even be handled physically, which should give some hint of the scale of the crime that is occurring here. It is truly cosmic in scale. The AI says that $1B could be stacked on 9 pallets, so you're talking about 900 pallets of $100 bills being trucked to the Treasury per month. That is the scale of criminal counterfeiting and fraud that the Fed, in cahoots with the USG, commits every single month. Month after month, at an exponentially increasing rate.
Yes, the US Government is the single largest money launderer in the world. By a factor of millions or billions. Nobody else is even close.
As usual, when it comes to any topic of finance, I am unable to agree with you at all. You are so confused I can't even begin to explain to you how to get out of the morass of confusion you have wrapped yourself up in. The best thing I can recommend is try reading Rothbard's The Mystery Of Banking and/or Ron Paul's End The Fed (which draws heavily from TMoB) to start un-baffling your mind about how the central bank works and what it really does. The central bank is an inherently criminal enterprise whose primary function is to counterfeit money, through the means of ledger fraud, and to transfer the revenues generated by that counterfeiting to the government, through the ruse of purchasing government bonds. Other actors besides the central bank are permitted to purchase government bonds in order to place a fig-leaf over what is really going on, that is, to launder the money by mixing some legitimate cash-flow in with the criminal cash-flow.
Both the private central bank (that is, the banks comprising the Fed) and the US Government benefit from this system, but in different ways. It's not an either-or. That's your false-dichotomy. The US Government simply spends outright the principal which it receives from the activity of the central bank -- that is the principal. When the money is spent, it goes into the coffers of the private banks which comprise the Fed, where they lend it out and earn interest on it. This is how they get paid, in addition to "the interest on the national debt" which is, of course, purely fiction, both the debt and the interest on it.
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PS: On the private-versus-public argument, this is itself a ruse and a distraction. The Federal Reserve is a private institution established by Congress. Thus, it is a public-private entity, it is neither wholly private, nor wholly public. This ambiguity was architected into its structure from the very beginning in order to ride the fence on either side of the definition of public versus private based on which is most beneficial to the Fed's existence and activity. Thus, when Congress wants to audit the Fed, the Fed is "private" and cannot be audited without a court-order (which would require an actual criminal investigation or a lawsuit). But when we ask on what basis the Fed can counterfeit US Dollars, suddenly, the Fed is a "public" institution which has its authority from Congress which is also public and has its authority to coin money from the Constitution, etc. So, the Fed is public or private or anything in between -- whatever happens to be mostly legally useful in any particular situation. And the argument over "Is the Fed public or private???" is just another left-vs-right Wag The Dog mind-trick.
There is no direct association between the Rothschilds and the Fed, so bringing them up is just Jew-baiting and more distraction from the actual issues. The Fed is modeled on the BoE, which does have associations with the Rothschilds, but the Fed is much more complex, because it has to go around the US Constitution which was originally designed to prevent something like the Fed from coming into being. These constraints were reverse-engineered on Jekyll Island and now we have the criminal counterfeiting, fraud and money-laundering institution that we call "the Fed".
Clayton, I don't know why you can't actually absorb the meanings of what I write. It seems like you're always triggered by some need to instantaneously concoct a "counterpoint" which in most cases is not even a substantive disagreement, but just another tangent on the same theme that I'm describing. Therefore, we don't disagree anywhere near as much as you perceive.
It is apparent that you did not even bother to read or listen to anything I post in the thread. So, there is no real conversation taking place.
You're the one experiencing cognitive dissonance regarding the information and the viewpoint I divulge. It would be a lot better if you would actually take some time to evaluate WHY myself and others have developed these assessments, rather than instantly dismiss that which you do
not yet understand. Without understanding, there is no discussion.
Rather than write another lengthy post, I'd just ask you once again to actually try to consider that I posted with an open mind. It's all true. Concerning Ron Paul, I've read End the Fed, End The Revolution. I'm an older guy pushing 60 who has read tons of books and has a lot of life experience in financial markets and life, plus of course so many relations and friendships with people who lived, as adults, in this country from the Roaring 20's through the present day. I have a M.A. in History but also minors and a wide course of studies in other fields. All of my college education was finished before the internet or even personal computing. I had to write everything by hand and have my papers typed by my mother, who was a secretary, on a regular typing machine.
I've worked in landscaping, factories, warehouses, distribution services, retail, canvassing, sales, customer service, musical performances in bands, academic research, forklift, electrical, food production, golf course maintenance and construction, residential construction, electronic assembly, screw machines, plastic injection molding, plastic extrusion, and more. I became a full-time investor in the latter 1990's, a day-trader, and a financial speculator and influencer. I've been a semi-professional gambler, thoroughbred and harness track handicapper, sports punter and writer. I have predicted to profit on many elections and other probability markets. I have a library of thousands of books which I've actually read hundreds of, I am a fisherman and a quahogger and a camper in the wilderness and a country boy who takes no lip but always tries to show respect. I am no dope, no stooge, no puppet and I call it like it is to the best of my ability in all things. I am extensively read and taught in religion also. I have many experiences. I have family and close friends who were in the mafia, police chiefs, politicians, lawyers, CEOs, CFOs, and characters from holy priests to Hells Angels and hookers. You get the idea. I was riding my motorcycle on the street and through miles of wild countryside when I was 10. When I was 17 I was playing in front of hundreds of people in my band. By the mid-90's I began reading heavily on the internet as soon as it started, and I've listened to tens of thousands of talk shows.. I can hold my own, really, in almost every possible topic of conversation. My oldest friend was born in the 1890's. I know from whence every one of my ancestors came, why they came to America, what their lives were like when they got here, and what their lives were like before they came here. My cousin was the first European to ever see the Rocky Mountains, long before Lewis & Clark. Another cousin was killed by Indians, another great uncle was captured unjustly by George Washington at Jumonville Glen, a cousin in the Civil War, another painted the famous portrait of Cesare Borgia, a great grandfather was a founder of Montreal, a cousin founded Chicago, another great-grandfather a knight in command of a castellany in the Hundred Years War under John II, a cousin a medieval Pope, a great-grandfather a court advisor to Ferdinand IV, and on various sides, nobles in France and Italy. One side were Huguenots for about 75 years, then became Catholic again. Others lost their lands in the war of Italian Unification, being victimized by Freemasonic Republicans and revolutionaries, Illuminati scumbags like Mazzini and his dog Garibaldi. Fortuntely, my French ancestors were in Canada since the 1640s so they were spared the atrocities of the Judeo-Masonic "French" Reign of Terror and the Scourge of Napoleon. By the way, I also have family by marriage who were Loyalists in the American Revolution, just like most Americans were. That fact is long buried and undiscussed.
I will tell you that you did not adequately or perceptively address or refute anything I wrote, or the materials I presented. I will end by saying I feel somewhat uncomfortable posting this information about myself, however, I wanted to because you need to know a little about my background before you make obtuse jabs at me personally, which is a juvenile mode of posting that I never seek to devolve into.
Epstein
You misperceive the relationship between government here in the U.S. and the Federal Reserve. You say they benefit one another, but they do not. Like many Liberatarians, you believe in lies and outright deception which makes you think wrongly about our government and what it was designed to be, what it was in times of our history, what people believed who were popular, and many historical facts and connected realities. I'm going to tell you that Murray Rothbard and "von" Mises were Rothschild stooges and liars. Rothbard is trash. Straight Up. He was a deceiver and a conspirator for the bankers, and von Mises' family ran a Rothschild bank. They were from Lvov, now called Lviv, just like many Jewish banking familes now in control of our country and whose bosses literally own the Federal Reserve, and always have. Rothbard was a two-faced, empty intellectual who knew how to B.S. more than anything else. His background was in mathematics and "economics", perfect for advancing the plot to deceive so-called conservatives here in the U.S., and get them to back the oligarchs with mendacious anti-regulation, anti-governmental agendas, as opposed to sound policy. He reinforced the budding confusion and misappropriation of long-held terminologies to confuse people with his balderdash and enforce a pseudo-philosophical iconization of the Judeo-Masonic Right vs. Left false dichotomy, because they controlled both equally at the time. One of your mistakes is conflating the American government with these parasitical interlopers and their plots hatched in Europe from places they were kicked out of to other places they infected until they gradually preyed upon the moral weaknesses of the House of Hanover to a degree by which they increased their wealth by deception, revolution, war, slavery, conspiracy, collusion, blackmail and vice markets, advancing to the full blown debasement of our culture and our government and our worldview, and you serve as a prime example of that. You don't know jack about history or real American thought, action, or intent, or its origins, or European history. You've been erroneously taught that your government is your enemy, when in reality, your government is the most effective safeguard against them, if it is properly administered. I'm done. Bye.
