gabby informs us<<..Fact is that profits made by the Fed are paid to the US treasury,>>thats all well and fine[but you fail to mention the fed has exclusive right to make[print]money

then we get to who is the banker[for the treasury]..THE FED holds ANY real cash #..[even that cash you claim goes to treasury]...the fed still holds...its hard..to find out where the treasury..banks its money

just google..[i just did the search]
http://www.google.com/search?q=where+treasury+bank%27s+its+cash+money&hl=en&rls=MEDA,MEDA:2008-36,MEDA:en-GB&start=30&sa=N
all i could find...[on page 4...lol
was this
http://en.wikisource.org/wiki/Modern_Money_Mechanics/Bank_Reserves%E2%80%94How_They_Change

<<variations in bank reserves result solely from the mechanics of institutional arrangements among the Treasury,..the Federal Reserve Banks,and the depository institutions.

The Treasury,for example,keeps part of its operating cash balance on deposit with banks....But virtually all disbursements are made from its balance..in the Reserve Banks...

As is shown later,any buildup in balances at the Reserve Banks prior to expenditure by the Treasury causes a dollar-for-dollar drain on bank reserves>>..

..in short its a closed loop..[all babk funds go to the fed..[who alone has the right to issue money/credit]...an ECLUSIVE franchise..ANY money that does go to treasury..ENDS UP BACK AT THE FED...be it via any other bank..or direct to the fed...its the fed franchise[banker control mechanism over any..[every]govt]

ALL money paid to govt..goes TO THE FED..via the treasury
who tell govt what it can/cant do...[who elected bankers to have that final choice...who gives them the right to control our elected govt via ursury to govt]

what is a share of the proffits..in credit in the fed babk..to owning the whole cake...fed banking cartel rules us..via defacto govts..disempowered govts..[we cant elect bankers,but banker's control govt and all the cash and all the credit]...yet govt gets all the blame

every cent..of any tax..we pay goes to the fed bank..eventually[after the cartel gets their bonus..[and the shareholders of the fed..[ie bankers]..get their proffit/bonus/share holders return

then...the pennies left go to treasury..[who returns it ALL[and more ie taxes etc..back to the fed]..along with all our fines levies govt fees and charges..

ie[all govt revenue...[all]..goes directly to the fed..who scoops off its bonus/cream...and controles who gets credit/and ALL money...and collects ursury and all taxes/moneys

Foxy,

Nobody has 'smeared' Obama; he has done it to himslef.

At the very least, he has shown appalling misjudgement by associating with the leaders of the Weatherment. And you are surely not so naive as to believe that the two people concerned have changed their stripes to the extent that they are now 'democrats'. Laying the blame at the feet of Palin and McCain is based purely on what you have read and what you choose to believe.

You quote Obama as saying:

""They'd rather tear our campaign down rather than lift
our country up. That's what you do when you're out of
touch, out of ideas, and running out of time."

He would say that to cover up a shameful association. All politicians do.

UOG, you have as many conspiracy theories about the Fed, as you
do about everything else :)

The Fed is the US Govt's bank, just like the RBA is our bank.
If you get a cheque from the Australian treasury, you get it
from the Reserve Bank. The treasury is not a bank, they have
their accounts with the Reserve Bank.

Member banks in the US are not paid dividends on their shares,
they are paid interest on money deposited there, as they are if
they deposit their money at another bank. Its no different here.

Profits made by the Fed are not paid to member banks, but back to
the treasury. Sheesh, this is not rocket science lol, just basic
common sense.

The Board of Governors of the Fed, is appointed by the Prez and is
answerable to Congress and the Prez. They dictate the policy by
which the 12 Reserve banks in the US have to comply.

But hey, those conspiracy theories let you fool around with your
google bar and so keep you off the streets :)

Leigh,

Apart from Barry(aka Hussein)Soetoro's association with terrorist Bill Ayers you forgot to mention the host of other shady characters he made deals with on his way to the top:
Tony Rezko,
Jeremiah White,
Louis Farrakhan,
Khalid Abdullah Tariq al-Mansour,
etc,
etc,
A veritable who's who of radicals and criminals
http://www.discoverthenetworks.org/viewSubCategory.asp?id=800
But it's not your fault because the leftwing US mainstream media managed to forget to mention them too.
I can't imagine why they scrutinised the Republican VP nominee more closely and harshly than they did the Democrat Presidential nominee except to say that it's consistent with leftist notions of objectivity.
Perhaps they thought that Palin as a conservative VP represented an existential threat to all that is progressive while Soetoro as a black, radical leftwing President was a dystopian's dream come true.

oh gabby your not a great one for proving the stuff you sprout

<<Federal Reserve Act
Section 12. Federal Advisory Council
1. Creation, Members, and Meetings
There is hereby created a Federal Advisory Council, which shall consist of as many members as there are Federal reserve districts.>>.

many districts [not just one 'fed'

<<Each Federal reserve bank by its board of directors shall annually select from its own Federal reserve district one member of said council>>>where is the pres picking them bro?

<<who shall receive such compensation and allowances as may be fixed by his board of directors subject to the approval of the Board of Governors of the Federal Reserve System.>>...fed reserve SYSTEMor rather the system within the system that takes the cream well before treasury gets any intrest

<<The meetings of said advisory council shall be held at Washington, District of Columbia, at least four times each year, and oftener if called by the Board of Governors of the Federal Reserve System.

The council may in addition to the meetings above provided for hold such other meetings in Washington, District of Columbia, or elsewhere, as it may deem necessary, may select its own officers and adopt its own methods of procedure,>>>totally free from audit or any govt oversight[ie the origonal point

<<and a majority of its members shall constitute a quorum for the transaction of business...Vacancies in the council shall be filled by the respective reserve banks,..and members selected to fill vacancies, shall serve for the unexpired term.>>if you plan to further educate us gabby...PLEASE PROVIDE PROOF..[or links]...even sources would assist having a real debate..[not just your spin..[masked as opinion]

please learn some real facts bro

http://www.google.com/search?ie=UTF-8&oe=UTF-8&sourceid=gd&q=who+selects+fed+reserve+member%27s&hl=en-GB&rls=MEDA,MEDA:2008-36,MEDA:en-GB

Yep, I was right.

>>Incidentally, I think Arjay started this thread as a continuance of his "the banking system is full of evil parasites" campaign.<<

Mind you, it wasn't the toughest call.

>>it all right for the Fed Res to create $2 trillion from nothing and then loan it to the US people and make them pay interest on money that is virtually worthless.<<

You still don't get it, do you Arjay.

>>Kevin does not have to put us into debt.Why borrow from off shore from banks who create money from nothing ,when we can create our own currency via the RBA?<<

I know it is a waste of time asking, but this one is almost a schoolboy howler.

If the Fed "creates money" that puts the American people into debt, how does the RBA "create money" without doing the same for the Australian people?

If we borrow from the US, and the US dollar (as you confidently predict elsewhere) halves in value in the next six months, would that not be a splendid thing for Australia? We'd borrow a billion, and pay back half a billion. Why borrow from ourselves?

>>Since 1974 when we went off the gold standard, the growth of money in the world economy has been expodential [sic] and it is the inflation caused by the banks which have lowered the living standards of most Australians<<

Are you suggesting, Arjay, that our standard of living is lower than it was thirtyfive years ago?

http://tinyurl.com/n6u4wt

"...only a loaf of white bread is less affordable for fulltime workers now than it was in 1974."

Just in case you would like to do the research yourself, here's the address of the ABS website, that has CPI data going back to 1974 and beyond.

http://tinyurl.com/p5laal

>>Now everything is so over inflated we have total collapse<<

The current rate of inflation is... what, Arjay?

This time, you can look it up for yourself.