CounterRevolutionary

Radiance, you just don't get it! Stop bothering us posting Wikipedia propaganda about the FED. It is BS and you must know it.

The Dodd-Frank Amendment on banking actually backfired, perpetuating the expansion of the 'Big Banks to Big to Fail' by 30% and the destruction of 2000 small banks. Read Gretchen Morganson's book: "Reckless Endangerment."

The main culprits of the 2008 housing collapse were the US Government banks, the Federal Housing Authority Bank and the Federal Reserve Bank that bailed out the FHA Bank, money laundering al Quada's dope through the housing market, not the private banks! Read Neil Barofsky's "Bailout" - he was GW Bush's SIGTARP's gunslinging cop/enforcer monitoring bank compliance in customer mortgage relief.

Government central banks are UNCONSTITUTIONAL - period. President Woodrow Wilson was a socialist and wanted a government central bank but Congress denied it to him, so he organized 12 private international banks as the Federal Reserve System who also became the board members of AMTORG (the American-Russian trading Organization that embezzled the Shi++ out of Fort Knox). FDR took over the Fed by creating the Emergency Banking Act of 1933 and 1935 putting the Fed and private banks under the authority of the Comptroller of the Currency. I explained this above.

This is public knowledge in the Congressional Record.

AMTORG was part of Russia's trade loop to evade our embargo on the Bolsheviks, passing American goods first through ARCOS in London, on to WESTORG in Germany (eventually to the Nazis) and on to Moscow.

Must I stand upon my head and dance across the table to make this point?

ONLY the Department of Commerce and the US Treasury are supposed to issue coinage and print money in accordance to the growth and needs of our private banks' necessities to supply their customers.

There is no way for the socialists to weasel their way out of their lust for power and delusions, these are people whose brains are bloated with egotism and a greed beyond comprehension. Centralized planning does not work in the market place, only under a military commander engaged in war.

Radiance, you need to understand this. Please stop regurgitating all of this socialist propaganda about the Federal Reserve system. Wikipedia is a lie. You have been greatly deceived.

Knightlady

Wikipedia even says don't totally rely on them for correct information

Radiance3

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I am a professional Accountant, a CPA, Auditor, and a Licensed Realtor. Worked 36 years out these professions.

How about you?
And if you have used Wikipedia, I never had. Google, I used sometimes, but I don't trust Google either because most of the posted information there are reported by the MSM's who 99% are liberals.

That is why we have the brains to analyze if the information reported there are accurate, or not.

Knightlady

Wow, calm down. I just added what Wikipedia said in response to a Wikipedia reference. I didn't say you used it at all.

Your profession? I don't care. It has absolutely nothing to do with what Wikipedia said about themselves. That's why I ignore them.

Thank you on the brain information though. Mes nevah Hurd bouts that

Radiance3

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I think you are very mean! You are hurting me, and I must cease talking to you. You insisted that I used Wikipedia, which I never did. Do you? Sometimes I Google, but that is not reliable either most of them are MSM reports lying for the Democrats.

This is the 2nd friction that we had. First was about the Muslims who you defended, and now this one.

Now, please don't talk to me, if you don't trust me. You are mean! Thank you I hope your pride elevates after accusing and insulting me. Educated people don't behave like that. Sorry we crossed the same path.

I make mistakes. I am not perfect. But what I've written here were not mistakes. And Heaven knows that.

Some of your messages could have affected the Crisis, but that was not the main cause of the Recession. You run away from the specific topic, and insisted that yours alone is the right one.

It was the Housing Subprime Mortage Crisis or the Subprime Lending Crisis, that caused the Recession in 2008.

The real estate market collapse actually started in 2007, to 2008, 2009. The worst economic collapse.

The meltdown of the subprime mortgage market in 2007 and 2008 led to the Great Recession.

The economy was a combination of a boom and a bust cycle. At the beginning the real estate market was so attractive with low interest rates and housing value continued to accelerate.

Earlier in 2006, when the real estate market was so attractive due to low interest rates and the housing market value continued to accelerate. At that time hundreds of thousands bought homes, the interest rates were very low.

Most of them did not qualify for the normal lending requirements. In order to provide loans to low-income buyers, the banks offered variable interest rates, at a little higher rates than the normal lending. Thousands of local banks participated, as they used the Fannie Mae and Freddie Mac to finance most of the loans.

The market started to collapse from 2007 to 2009.
The interest rates went up while the value of the homes went down.

The borrowers of the variable rates were not able to meet their obligations because the interest went up. Foreclosures started in 2008, banks were not able to collect the debts and in 2008 thousands of banks collapsed. Loans obtained from the HUD were not paid. The crisis in 2008 was so severe.
Banks begun foreclosures.

Depression was underway. Hundreds of thousands of foreclosures. In 2008, the Federal government released TARF (Toxic Asset Relief Program, about $ 700 billion to bail out the lending institutions. I think that amount was added later.

Fannie Mae and Freddie Mac was paid about $311 billion.
FHA, and many others.

Early 2009 Obama received the TARF for $873 billion. How he allocated payments I did not follow up. But reports came out some of the black homebuyers he bailed balance of the mortgage so they could own homes. But not all of them.

Tens of thousands of local banks closed.
There were some programs that Barack put up like that Cash for Clunkers.

Barack allowed loan by Solyndra for $500 million but after 5 months, it declared bankruptcy.

So many lost jobs during the 2008-09 recession. There were hidden reports which were not officially reported about the printing of money by Barack. I did not follow that up.

Radiance3

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Excuse me, I don't use language strange to another person. I am honest of what I say. Effective communication is a two way process. Thanks for your language. I hope it made you feel better.

Don't worry. I still trust you!

Knightlady

I was just pointing out that I wasn't directing that comment to anyone in particular. Thanks for the comment on language!!! It took a bit to figure out how to spell that out.
Then I remembered a couple of posts made awhile ago

Radiance3

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No worries. I was just so upset, not to you, please forgive me.

Knightlady

No worries. My "dry" sense of humor can be inappropriate at times. Some call it sarcasm. I'll work on reading all posts beforehand.

CounterRevolutionary

Ha, ha. Is this to be their fig leaf? Wikipedia tells half the truth and half the truth is a lie, where nobody takes the authors to task!

Our Founding Fathers studied different failed governments before James Madison penned the Constitution in hopes of correcting the flaws of the Articles of Confederation. They concluded that raw democracy with mob rule was equally as tyrannical as King George's oppression. Our Constitutional Republic was to protect minority rights.

Madison understood the necessity of checks and balances, 3 separate Branches of government (and banned a government centralized bank risking counterfeiting of currency). Instead, the Constitution established a Department of Commerce to foment trade, one standard currency for all the states, to be managed by the US Treasury with Congressional control. (Previously, under the original Articles of Confederation, each state printed their own separate currency, screwing neighboring states in trade.) To coach New York into approving the new Constitution, Madison, Hamilton and Jay advocated in their Federalist Papers under the alias "Publius."

Radiance just doesn't get, and regurgitates Wikipedia over and over s gospel truth. I give up explaining.

Evil is inherent in mankind, division of power is a way to keep the tyranny of government down to a dull roar, especially when it comes to the theft of our hard earned money body, heart and soul are all on the government chopping block. Stay off the government data base al all costs.

Have you ever read WF Buckley's (the father of arch-conservatism) first book, "God and Man at Yale?
William F. Buckley, wrote his first best seller for the next half century:

God and Man at Yale: The Superstitions of 'Academic Freedom' 70th anniversary edition
by William F. Buckley Jr. and Michael Knowles | Sep 7, 2021
https://www.amazon.com/s?k=god+and+man+at+yale+william+f+buckley&i=stripbooks&crid=2LZ66NTL1XOVY&sprefix=God+and+Man+at+Yale%2Cstripbooks%2C187&ref=nb_sb_ss_fb_2_19

Buckley insisted he would rather be ruled by the first 2,000 people in the Boston Yellow Pages than his professors at Yale. He drove the universities and stuck-up professors nuts all over the country. Goody goody! He is still my hero.

This must be before your time. But you would get a good laugh. Things have not changed a bit in academia today.

Radiance3

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Great, reminds me of the good old day! God bless!

Radiance3

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Revolutionary, I should not be talking about you. I thought you are out of my mind. But your continued records of gossips and destructions on me never end.

The latest one, you again brought me up with another party to continue your gossip, and false accusations, to destroy me, insisted that I used Wikipedia, which never happened. I use Google sometimes, but not believe everything posted there. Very few are credible. Repeat, I never used Wikipedia! I don't have that on my system.

You want me to believe everything in your arrogant head. Well, tell that to others not me. I choose what I read.

Your behavior is " insecure, dumb, and mean", and you expect me to believe and agree all what you posted here.

I have my own priorities, with plenty of books to read.

You hated me since we discussed about Muslims. You've been defending Muslims. And I don't admire or like most of them, except very few. You like Muslims as shown when you defended them. Thus, you continue to insult and hate me.

You've demanded me to read newspaper and "GET A JOB".
I don't ask you to get a job. Whatever you do is your own business.

I probably earn more than you do using my brain. I probably pay more taxes every year more than you do.

And you demanded from me to get a job? I've worked for so many years of my life and share the fruits of my labor with others. Demanding me to get a job, you've compared me to the homeless man on the streets. How awful and mean that was.

Don't answer and talk to me again. Whether you are a man or a woman, gay or not. I never insulted you. Yet, until now, you continued to insult and gossip about me to another person. I think you are too insecure, arrogant, based on your behavior.

You think you know everything. Tell that to others, not to me. My priorities are not like yours.

Stop talking to me. Out of my 10 years here at OPP, you are the only person who constantly and personally insulted me, demanded me to get a job! How ridiculous you are!

I hope great things happen to you, so you'll feel better.
Please don't answer me. I don't like talking to you, but forced this time to defend the lies you've said about me.
I hope this is final!

If not for Donald Trump, who I defend, I must be leaving this OPP. I'll see after he wins the election. You can have it all!

CounterRevolutionary

I've never heard a "Christian" bragging about their intellect and income.
I've never heard an accountant who was oblivious of our Comptroller of the Currency in charge of our banking.
I've never heard of a conservative Republican who championed the Marxist Federal Reserve Bank.

Maybe I just don't get out much.

Is there any possibility that "Radiance" has been hired by the Southern Poverty Law Center to troll OPP?

Bye bye. Have a nice day.

Radiance3

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I don't want to talk to you, but you kept on creeping.

You ordered me to read a newspaper and get a job.
You think I am a handout, like the homeless on the streets.

So, my reply. I don't need to find a job. Someone who will be at the WH is even offering me a job. But I am retired, and don't need one. I've worked enough for so many years. Don't guess and insult me. I don't insult you. I don't know your expertise, but I don't insult you.

You still believe that President Wilson has something to do with the current financial crisis. Wilson is no longer relevant. That was 111 years ago. Blame Joe Biden your president.

The Federal Reserve is needed for effective internal control of how our monetary policy is carried on especially the banking system. Banking could not be under the Controller's Office. The purpose is for effective Internal Control System. The volume of the banking system and monetary policies could not be under the Controller's Office. The only problem is, the system needs financial audits, and disclosures to the taxpayers. That is what is messing. And Congress could fix that if they order it.

If you ask CPAs and financial experts, even financial Controller, they will give you the same answer. I could not change that policy. It is for effective Internal Control system. That term, all CPA's could understand what it is about.

Now you are trying to dig about my Christian faith. Even Jesus said, " Those who don't work, don't eat" 2 Thessalonian 3:10.

Stop talking about me. Have a good night sleep, so you'll feel better.

CounterRevolutionary

This ridiculous feud must end:

Please take a look at this history of the Federal Reserve system, I did not mention your name :-)

The purpose of the Federal Reserve Bank. Robbery & riot. Straight from the horse's mouth.
https://www.onepoliticalplaza.com/t-315679-1.html