Kasz216 said:
snyps said:
Kasz216 said:
snyps said:
you mean a bank system run by a board of ppl who underwent an election by representatives unlike a bank system run by appointees and private banks.
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The people who run the Central Bank of Iceland are appointed by the legislature of Iceland.
The people who run the Federal Reserve Board of Govonors are chosen by the preisdent, then elected in by being approved by the congress.
It's pretty much the exact same thing.
Private banks don't pick or have a say about anyone who is a member of the Federal Reserve Board of Govenors.
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Seðlabanki Íslands (cb) is administered by a governor and a seven-member supervisory board, elected by the country's parliament following each general election. http://en.wikipedia.org/wiki/Central_Bank_of_Iceland
The members of the Fed's Board of Governors, including its chairman and vice-chairman, are chosen by the President and confirmed by the Senate. Nationally chartered commercial banks are entitled to elect some of the members of the board of the regional Federal Reserve Bank. http://en.wikipedia.org/wiki/Federal_Reserve_System (i admit i misread regional).
So to your four points, no, no, no, and yes, well sort of, actually no. Private banks do have a say in who is chosen by the president to be on the board of govenors. Banks are the largest contributors to presidential elections (except Ron Paul of coarse) and get themselves appointmented.
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638
http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=N00000286
So just plain no, nice try.
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You've made some mistakes by some poor reading comprhension here.
1) You missed the most important point there. By the country pariliment.
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Look at my first statement in the above quote tree. And gimme an apology. Then Note that i took my last statements on CB of Iceland's ellection and Fed's apointments directly from wikipedia, they are not even my words. And gimme another apology. Do not accuse someone of poor reading comprehension in an argument, it's a cheap tactic. This is why we can't have nice discussions.
Kasz216 said:
An election and an appointment are the same thing when done by previously elected people. People don't get to vote for this.
The Icelandic Parliment decides. Just like congress votes on if they want a candidate to be a Federal Reserve BOG member.
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Not the same thing. In Iceland, Can a Representative not enter into an election by his peers to be on the Board of CB? How about The US? Can a Representative enter into an election by his peers to be on the Board of CB? A patriot knows the difference.
Kasz216 said:
2) Board of REGIONAL govonors.
You admit you misread it... then yet totally still pretend your right. Quit baffling.
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Again, I already pointed this out. I'm not pretending I'm right. I'm it pointing out. Very unbaffling.
Kasz216 said:
3)Your solution to this is to make it so Federal Reserve guys are elected... therefore putting them closer to campaign money and making it more important when it comes to elections?
The whole point the Fed Chief is set up sort of like the Supreme court is specifcally too lower the impact of campagin money. If Obama didn't want Janet Yellen he could elect whatever person he wants, because he won't run in another election for the rest of his life. Camapaign contributions are meaningless at this point.
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My solution is to let power be dispersed into the body of Congress. That is the purpose of Congress; to take away the more dangerous powers from the executive branch. Fyi, it's much harder to successfully lobby hundreds of Congressional Candidates than it is two Presidential Cadidates. Lastly, Obama is not free to appoint whoever he wants, he is still bound to his donators. They didn't pay him for nothing.
Kasz216 said:
Either way... yeah, i was right.
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Sure.
