POLITICAL NEWS
Herman Cain is a former Federal Reserver Chairman and is too damaged to be Our Nominee.
posted Tuesday, October 11, 2011
at 7:44 p.m.
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We have a problem when our supposed populist non politician front runner is a former Federal Reserve chairman. Herman Cain does have experience in the private sector, but a good portion of that private sector experience is working for the private corporation-The Federal Reserve.
Herman Cain believes that individual citizens can just call up the private corporation known as The Federal Reserve and ask them how they operate?
Who does he think we are? You cannot even step foot on the property of the Private Reserve. You can call the human relations department at the Federal Reserve and they will ignore your request.
Herman Cain says no need to audit The Federal Reserve.
Its not even a leading charge by just Ron Paul any longer.
The tide has turned, when even Gingrich sees the problem with The Federal Reserve.
Herman Cain is part of the problem. Herman Cain is damaged goods. He is an attractive candidate, but he is not the candidate that will turn this country around.
We need to understand that our monetary policy has been hijacked since 1913.
As long as a private corporation operates our monetary system and needs, we will not have sound money or a free economy for all Americans to dream or prosper.
The Kansas City Fed is one of twelve regional banks that advise the Federal Reserve Board and initiate changes in the discount rate. The Kansas City Fed in particular has a reputation for monetary conservatism and distrust of central authority. (Along with the Dallas Fed, it's one of only two Fed banks currently pushing for higher discount rates.) Curious about Cain's chairmanship, I requested an interview with Thomas Hoenig, the president of the Kansas City Fed (then and now), who is a famous inflation hawk. I didn't get to talk to Hoenig, but he sent along this statement:
From 1992 to 1996, Herman served as a director of the Federal Reserve Bank of Kansas City in the capacities of deputy chairman and then chairman of the Board. Fed directors are dedicated representatives of Main Street business, community development, organized labor and financial services sectors who agree to give their time to help the Federal Reserve understand the economy and to oversee our operations. It was my privilege to work with Herman very closely during his five years on the Kansas City board.
I appreciate the opportunity to provide greater understanding of the role of Federal Reserve Bank directors because they provide a tremendous service to our country.
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Herman will not be the nominee
He has no executive experience and he will fizzle soon. But I am glad that he is bringing to light issues with the fed, namely his involvement.
He has no executive experience and he will fizzle soon. But I am glad that he is bringing to light issues with the fed, namely his involvement.
mayerabbey -
1 year, 8 months ago
mayerabbey do you even know what executive experience is?
Being CEO or even a business owner IS executive experience. And out of everybody running for president on both sides of the isles Herman Cain has the most years experience as a chief executive at 30+ years, followed by Perry at 10 years, and Romney at 6 years and the rest have none.
So perhaps you might want to do some more reading on leadership qualities and executive experience.
And for Cain's experience at a regional Fed bank is hardly near anything close to evilness of Bernanke and so your implying that it is, is laughable.
He was not on the Board of Goveners and was not involved in setting monetary policy. The Federal Reserve Banks provide financial services to depository institutions including banks, credit unions, and savings and loans, much like those that banks provide for their customers. These services include collecting checks, electronically transferring funds and distributing and receiving cash and coin.
SO SCARY! BOOOO!
www.federalreserveeducation.org
Now, were you just genuinely ignorant and didn't know these things or do you really do know the difference and you are purposely putting forth misleading information and intentionally disingenuous in a futile and desperate attempt at smearing a candidate in a vain hope to get people to support your not-a-chance-in-hell candidate?
Being CEO or even a business owner IS executive experience. And out of everybody running for president on both sides of the isles Herman Cain has the most years experience as a chief executive at 30+ years, followed by Perry at 10 years, and Romney at 6 years and the rest have none.
So perhaps you might want to do some more reading on leadership qualities and executive experience.
And for Cain's experience at a regional Fed bank is hardly near anything close to evilness of Bernanke and so your implying that it is, is laughable.
He was not on the Board of Goveners and was not involved in setting monetary policy. The Federal Reserve Banks provide financial services to depository institutions including banks, credit unions, and savings and loans, much like those that banks provide for their customers. These services include collecting checks, electronically transferring funds and distributing and receiving cash and coin.
SO SCARY! BOOOO!
www.federalreserveeducation.org
Now, were you just genuinely ignorant and didn't know these things or do you really do know the difference and you are purposely putting forth misleading information and intentionally disingenuous in a futile and desperate attempt at smearing a candidate in a vain hope to get people to support your not-a-chance-in-hell candidate?
racheljoy
Herman Cain I really like. I like your response. I will check it out.
1 year, 8 months ago
mayerabbey
Private Sector vs Public Sector.
The Federal Reserve needs an education website? That should be a red flag instantly but to you it is something that has value. What is the next step re-education camps?
What candidate am I supporting? Frank likes Perry I do not support Perry.
The Federal Reserve needs an education website? That should be a red flag instantly but to you it is something that has value. What is the next step re-education camps?
What candidate am I supporting? Frank likes Perry I do not support Perry.
1 year, 8 months ago
romneyteam
The Federal Reserve is not an angel. The Romney administration has outlined some of the goals necessary to make The Federal Reserve less involved in the economy. We needs jobs and that should be our focus. Read more at MittRomney.com
1 year, 8 months ago
Cain Ain't Able
Cain Ain’t Able
A Federal Reserve stooge named Herman
Tried givin’ American po’ folk a sermon
“If you ain’t rich
You must be a lazy beotch!”
He’s about as subtle as General Sherman.
Now where does Uncle Tom get the nerve
After working for the Federal Reserve,
The biggest thieves on the earth,
To question anyone’s net worth
When unemployment’s on an exponential curve?
Herman says “Lift yourself by your laces!
There’s plenty jobs around for all races!”
But where’s the factories?
‘Cause with Fed subsidies,
They all went overseas without leaving any traces!
But Herman’s Fed prints out trillions for the euro banks
Then hands the bill to taxpayers, without thanks!
Man, it’s as good as it can get
When you’ve got a license to counterfeit,
And now Herman wants to join the Presidential ranks!
Yes, this former pizza peddler named Cain
Says God told him to get in the campaign
With his 9-9-9 tax plan
But turn it over and scan
And the “Mark of the Beast” becomes plain!
When Herman’s tax plan is laid on the table
It’s apparent that it’s a tax increase fable
It’s austerity in disguise
Which Herman vehemently denies
But when asked to prove it, CAIN AIN”T ABLE!
___________________________
Charles Ulysses Feney
Cain Ain’t Able
A Federal Reserve stooge named Herman
Tried givin’ American po’ folk a sermon
“If you ain’t rich
You must be a lazy beotch!”
He’s about as subtle as General Sherman.
Now where does Uncle Tom get the nerve
After working for the Federal Reserve,
The biggest thieves on the earth,
To question anyone’s net worth
When unemployment’s on an exponential curve?
Herman says “Lift yourself by your laces!
There’s plenty jobs around for all races!”
But where’s the factories?
‘Cause with Fed subsidies,
They all went overseas without leaving any traces!
But Herman’s Fed prints out trillions for the euro banks
Then hands the bill to taxpayers, without thanks!
Man, it’s as good as it can get
When you’ve got a license to counterfeit,
And now Herman wants to join the Presidential ranks!
Yes, this former pizza peddler named Cain
Says God told him to get in the campaign
With his 9-9-9 tax plan
But turn it over and scan
And the “Mark of the Beast” becomes plain!
When Herman’s tax plan is laid on the table
It’s apparent that it’s a tax increase fable
It’s austerity in disguise
Which Herman vehemently denies
But when asked to prove it, CAIN AIN”T ABLE!
___________________________
Charles Ulysses Feney
mayerabbey
I am sick of hearing 9-9-9. Sounds like a vat, looks like a vat and will operate like a vat. What we need is to eliminate taxes not create new ones.
1 year, 8 months ago
ELEM187 Cain is not what we need.
I am sorry you disagree but Rick Perry is a hell a lot more qualified and will make a better president. I don't terribly dislike Cain but he should not be president period.
I am sorry you disagree but Rick Perry is a hell a lot more qualified and will make a better president. I don't terribly dislike Cain but he should not be president period.
franklinkomet -
1 year, 8 months ago
Herman Cain I could vote for
but cain is not my first choice.
I wanted Palin. I now want Perry. I could live with Bachmann. Anyone but Romney or Obama. How about that???
but cain is not my first choice.
I wanted Palin. I now want Perry. I could live with Bachmann. Anyone but Romney or Obama. How about that???
jamiemaserat -
1 year, 8 months ago
Herman is a great success story and represents what is great about America
I think he would make a great President. The goal is to beat Obama. We need to beat Obama. Mitt Romney was great tonight and I enjoy Herman Cain. Vote for Romney or Cain as they both have the experience needed to turn this country around.
I think he would make a great President. The goal is to beat Obama. We need to beat Obama. Mitt Romney was great tonight and I enjoy Herman Cain. Vote for Romney or Cain as they both have the experience needed to turn this country around.
romneyteam -
1 year, 8 months ago
franklinkomet
Herman Cain's own biography="Herman was a former deputy chairman (1992–94) and chairman (1995–96) of the board of directors of the Federal Reserve Bank of Kansas City."
He is not Ben Bernanke and I think that is understood.
He is not Ben Bernanke and I think that is understood.
1 year, 8 months ago
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