Comment

Time to pay our debts.

122
majii10/04/2013 10:18:06 pm PDT

I have taken so many graduate level econ, history, foreign policy, international relations, sociology, psychology, and other courses, francis, that they fairly ooze out of every pore of my being. You’ve either been lying shamelessly, are very uninformed or you’re incapable of understanding what you’ve read, use poor, and biased, sources for information-gathering, or it’s all of these. I think the last sentence is the correct answer. I and many others here at LGFs have tried to educate you, but you refuse to learn anything. This informs me that you have an authoritarian personality and a whole lot of pride which won’t allow you to admit when you’ve been bested. You’re out of your league here, francis. You’re dealing with a highly educated group of individuals and attempting to sell us BS wrapped in gold foil that you’re marketing as the best Belgian chocolates. Give up. You will never convince us that you possess even a rudimentary understanding of how the federal government operates, how our healthcare system operates, or anything about economics—micro-or-macro.

Also, francis, the Federal Reserve was created by an act of Congress. The same act of Congress which established the Federal Reserve also established the federal reserve system. (Note: You need to study the history of the federal reserve to understand why we needed a federal reserve system in the first place.)

“The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act.”
en.wikipedia.org

francis, one can either make a fool of him/herself, or permit others to make a fool of him/her. It appears that where the federal reserve system is concerned, the latter has occurred in your case.

I taught economics for many years, francis, and it gets on my very last nerve hearing a supposedly adult, and mature, individual who is allowed to vote, make such an asinine statement as “the federal reserve was not set up by the government,” when it most certainly was. It was created by Congress, just like the IRS, the EPA (thank Nixon for signing the bill that created the EPA), the Justice Department, FEMA, and every other federal agency in existence today.

There’s a cure for such gross ignorance as you display here everyday, francis, and it’s known as researching the things you don’t know, or maybe, you could benefit by auditing some college level econ, history, and foreign policy courses, since you’ve stated that you are
retired.