User talk:Terra Novus/Archives/2011/February

The Downlink: Issue 2

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Discussion of your Recent Topic Ban Violation at ANI
Hello. This message is being sent to inform you that there currently is a discussion at Administrators' noticeboard/Incidents regarding an issue with which you may have been involved. Thank you. The Resident Anthropologist (talk) 20:08, 4 February 2011 (UTC)

Skylon PR
You are most welcome. And thank you for the unexpected barnstar. It's nice to be appreciated. Finetooth (talk) 17:21, 5 February 2011 (UTC)

Hey
Hello!

I fear it will be difficult to keep the Austrian School page free from the vandalism of BigHex and LK. They are ideologically invested in deleting as much austrian material from WP as possible and discredit all that is left. Misessus (talk) 19:01, 4 February 2011 (UTC)


 * Hi Terra. I've warned both Misessus and BigK against edit warring, as did another editor, and Missessus for referring to the good-faith contributions of other editors as "vandalism" merely because s/he disapproves of BigK's take on the issues. I notice you've been very active on the Austrian School article, as well, although I haven't taken the trouble to examine the content of your contributions there. I did want to just take a moment, though, to mention that both editors are running the risk of a block for their behavior over their dispute, and to suggest that you might consider steering clear of the fray. Best, –  OhioStandard  (talk) 23:14, 5 February 2011 (UTC)

File:T-95.jpg listed for deletion
A file that you uploaded or altered, File:T-95.jpg, has been listed at Files for deletion. Please see the to see why this is (you may have to search for the title of the image to find its entry), if you are interested in it not being deleted. The Resident Anthropologist (talk) 19:24, 17 February 2011 (UTC)

Discussion of Federal Reserve System
I think the main question is: Is it a government owned bank or not? If it is not owned by the government it is private, end of story. I came here looking for closure on that question and it was not here.Wolfenstein (talk) 03:02, 24 February 2011 (UTC)


 * As explained in the article, and in archives, over and over, "it" is not "a bank." So, "it" cannot be a "government owned bank" or a "privately owned bank."

"It" is the Federal Reserve System. Properly speaking, it's the central banking SYSTEM of the United States, not the central "bank." There are two parts of the system consisting of banks, and other parts of the system consisting of government agencies.

1. The Board of Governors of the Federal Reserve System is not a "bank." It's a government agency.

2. The Federal Open Market Committee is not a "bank." It's a government agency.

3. The 12 Federal Reserve Banks are not "a bank." They are TWELVE banks.

4. Wells Fargo Bank is "a bank." And it's a "member bank" in the Federal Reserve System. It's one of many "member banks." It is "privately owned."

All these things are PARTS of the Federal Reserve System. Item 1 is not the System. Item 2 is not the System. Item 3 is not the System. Item 4 is not the System. The System is THE WHOLE THING.

Earth is not the Solar System. Mars is not the Solar System. The Sun is not the Solar System. These are only PARTS of the Solar System.

No offense intended, but the question of whether the Federal Reserve System is a "government owed bank" or a "privately owned bank" is a MEANINGLESS QUESTION. The System is not "a bank" to begin with. Only the "bank parts of it" are "banks."

Unfortunately, even people at the Fed will sometimes refer to the Fed as the "central bank." That just causes more confusion.

I have seen people raise this question about whether the Fed is "government owned" or "privately owned" here in Wikipedia over and over and over and over again since I began editing here in late 2005. No matter how clearly the article is written, we will probably never stop getting these kinds of questions. There is something about the subject itself that generates these questions. Famspear (talk) 05:36, 24 February 2011 (UTC)


 * The confusion also arises from the bloat and inefficiency that comes from this bureaucracy created on Jekyll Island by some of the most powerful (and corrupt) financiers in history. The reality is complex-As the Federal Reserve is largely influenced by the most powerful (e.g. the big five banks), those who it is supposed to serve equally end up losing out. It all stems from the fact that a Central Banking system can never conduct a rational empirical analysis that  effectively predicts and models a economy's behavior. The government's only role in the economy should be enforcing contracts and protecting private property. Whenever the government tries to take over an inherently irrational process like a market (instead of protecting the rights of the individual to choose for themselves) the consumer ends up losing out.  Though this subject is interesting, I am reminded of WP:Not a forum, so I must differ to my talk page if anyone wants to discuss this further...--   Novus    Orator     05:55, 24 February 2011 (UTC)