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Unsealed Documents: Top FDIC Officials Running Operation Choke Point

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  • Ross7

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    Yet more layers peeled back on that stanky onion of infringement...

    Last week brought new revelations regarding Operation Choke Point, the Obama administration’s effort to freeze politically disfavored businesses out of the financial system. Choke Point consisted of bureaucrats in several independent federal agencies taking it upon themselves to shut legal businesses – such as payday lenders and firearms dealers – out of the banking system.

    ...the evidence suggests that the highest-ranking officials at the FDIC were involved in Choke Point... Other sections of the unsealed documents show that government officials undertook a concerted effort to stop bank owners from publicly revealing these regulatory shakedowns... It is now clear that these unelected government officials set out to harm law-abiding citizens.

    https://www.forbes.com/sites/norber...s-running-operation-choke-point/#1ad5f6ba1191
     

    Mouser

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    That is an amazing revelation. One of the most disturbing issues of today's world is the sequestering, silencing, gag orders, secrecy and total abandonment by the media of things that most people should and would want to know about!

    There is so much bad stuff going on out there, by both the government and civilians, and with all of our media and information, these things go largely unreported...of course the victims know well and good what is going on. The media no longer has our best interest in mind and various agencies and powerful people who are able to buy influence and control make full use of the inequities to control and punish their enemies and remain hidden from the public eye. Very disturbing world I live in now...very few people and agencies seem truly benevolent.
     

    FrommerStop

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    http://lmgtfy.com/?q=FDIC


    :)

    Edit to add: honestly, that link is way easier to get you the info you may be looking for than for us to attempt to type it out.
    Honestly you do not have to type anything. Ok I looked it up and typed nothing

    Highlight and right click copy, paste it in google, then highlight the response etc .

    The Federal Deposit Insurance Corporation (FDIC)

    I am more likely to read something when I do not have to research what the acronym means.
     

    MauserLarry

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    I had a good buddy that was a banker, we also drank together. The things he told me over some drinks made me realize the deck is marked......and not in our favor.
     

    FrommerStop

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    The game is always fixed to be more favorable to the large financial entities.
     

    Ric-san

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    Too big to fail.....what bullshit. Banks and bankers have pulled the wool over the public’s eyes for years....everything from the RTC (Resolution Trust Corporation) of the late 80’s to the Great Recession bailout has stuck it to the U.S. taxpayer. If I had access to Doc Brown and his ‘Back to the Future’ Delorean, I would have become a college boy and majored in finance with a future in banking.
     

    fl57caveman

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    I had a good buddy that was a banker, we also drank together. The things he told me over some drinks made me realize the deck is marked......and not in our favor.

    I learned the hard way, cost me money in the stock market ….


    it is a rigged game...hard assets are the only ones that count imo, they cannot go to zero overnight, like paper assets..
     

    FrommerStop

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    Quote Originally Posted by MauserLarry View Post
    I had a good buddy that was a banker, we also drank together. The things he told me over some drinks made me realize the deck is marked......and not in our favor.
    I learned the hard way, cost me money in the stock market ….


    it is a rigged game...hard assets are the only ones that count imo, they cannot go to zero overnight, like paper assets..

    Basically you are right. But what I call hard assets have not kept pace with inflation so I am slowly loosing money, but not all of it. At least my retirement pensions have some sort of COLA (Cost of Living Adjustment) and investing in those pensions that have some sort of government backing behind them is the best one can do for security.

    During the great the depression the banks failed since they were not bailed out. One reason we did not have a depression after the last economic disaster was that the large financial and manufacturing entities were bailed out at tax payers expense. From what I understand the plans for the bail out were formulated during the end year of the last Bush regime, but they decided to leave it for the Obama group to implement.
    The rich and greedy ripped off the country and then the US Tax payer was forced due to threat of depression to bail them out. This is one of the by products of capitalism. You get ups and downs, but overall do better than living under communist party led dictatorship of a socialist economy as was done in eastern Europe until recently. In china you have a communist party that is ruling what is now a capitalist economy which is growing.
     
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    fl57caveman

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    imo, recessions/depressions, are not so much a product of capitalism, but of the federal reserve, which is not federal, but private... the bankers made money up, and down cycles

    as long as we have a fiat money supply, it is doomed to fail... .30 in 90% silver(1964 and before)
    will still buy the same amount of commodities it would in 1964

    .30 in modern coins today, is a down payment on a candy bar
     

    FrommerStop

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    imo, recessions/depressions, are not so much a product of capitalism, but of the federal reserve, which is not federal, but private... the bankers made money up, and down cycles

    as long as we have a fiat money supply, it is doomed to fail... .30 in 90% silver(1964 and before)
    will still buy the same amount of commodities it would in 1964

    .30 in modern coins today, is a down payment on a candy bar
    Capitalism in the USA had depression and recession economies long before there was a federal reserve board.

    Free Banking Era to the Great Depression
    Name Dates Time since previous recession
    1869–70 recession June 1869–Dec 1870 1 year 6 months
    Panic of 1873 and the Long Depression Oct 1873 – Mar 1879 2 years 10 months
    1882–85 recession Mar 1882 – May 1885 3 years
    1887–88 recession Mar 1887 – April 1888 1 year 10 months

    Depression are not always the fault of the Federal reserve. So far we have had some serious recessions, but federal intervention has stopped them from being something like the great depression that started in 1929 did not really end until WWII got started. We have had all governments since then spending more and more money that can stimulate the economy with all of us or at least most of us paying taxes and the government also selling bonds to the chinese and others so that the spending can continue. Basically robbing Peter to pay Paul. It is like riding the back of the tiger. You can not get off and eventually the tiger will eat you.
    One can see why there are survivalists in the usa.

    wiki
    The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.[list 1] Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.[5][10][11]
     

    Viking1204

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    The Federal Reserve is a greedy bastard. As soon as the economy starts to do good they start jacking up interest rates which in the end usually brings about a recession. Already mortgage rates are the highest they've been since 2011. Before long the housing market will fizzle because the average wage earner won't be able to afford to buy a new house and the next recession will begin.
     

    FrommerStop

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    The Federal Reserve is a greedy bastard. As soon as the economy starts to do good they start jacking up interest rates which in the end usually brings about a recession. Already mortgage rates are the highest they've been since 2011. Before long the housing market will fizzle because the average wage earner won't be able to afford to buy a new house and the next recession will begin.
    That does indeed seem to be their strategy. They think if they slow growth you will not get a boom and then bust. I really just do not know one way or the other and I am keeping my fingers crossed hoping that they got it right.
     

    Mouser

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    The Federal Reserve was created in 1913. It is natural for all things to have a degree of ebb and flow...depressions are man made. Recessions are too and a depression (the greats depression for sure) became the great depression because of human (govt) intervention. While I was not alive during the era, my experience tells me there are likely many factors, most government lead, that created the "bubble" that caused the initial crash...it was FDR's response, the new deal, collection of gold etc...that made a crash and potentially deep recession a depression.

    There have been many, many recessions...here is a list https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States and if you read a few of them most times you will find human fingerprints on all of them. To be free, it must be left alone and unmolested...it is human intervention at the heart of virtually all recessions.

    The Fed was rejected once and was passed under stealth the second time. Do yourself a favor, even if you don't like his politics, Ron Paul's book "end the fed"...there is some really good history in the reading and you might just learn something more about a topic you have a bunch of opinions on but haven't actually spent much time learning about. Truth is, it is hard to spend time learning with all the that there is to learn...if you have an opinion, you owe it to yourself to learn as much as you are able.
     

    FrommerStop

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    The Federal Reserve was created in 1913. It is natural for all things to have a degree of ebb and flow...depressions are man made. Recessions are too and a depression (the greats depression for sure) became the great depression because of human (govt) intervention. While I was not alive during the era, my experience tells me there are likely many factors, most government lead, that created the "bubble" that caused the initial crash...it was FDR's response, the new deal, collection of gold etc...that made a crash and potentially deep recession a depression.

    There have been many, many recessions...here is a list https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States and if you read a few of them most times you will find human fingerprints on all of them. To be free, it must be left alone and unmolested...it is human intervention at the heart of virtually all recessions.

    The Fed was rejected once and was passed under stealth the second time. Do yourself a favor, even if you don't like his politics, Ron Paul's book "end the fed"...there is some really good history in the reading and you might just learn something more about a topic you have a bunch of opinions on but haven't actually spent much time learning about. Truth is, it is hard to spend time learning with all the that there is to learn...if you have an opinion, you owe it to yourself to learn as much as you are able.

    One of the first things I was taught in graduate school is to know what you know and also what you do not know. I admit I know very little about economics and I strongly suspect that economists also do not know as much as they think they do.

    Logic says that all aspects that with deal human economics have human finger prints on them. That means ups, downs, and steady growth.

    I think we all can agree that Roosevelt alleviated certain symptoms to some degree of the depression by feeding people and giving a lot of menial jobs to the unemployed. He certainly did not end it for sure by his own efforts. But here is something to understand was that this was world wide crisis that Roosevelt did not create.
    About the Great Depression. The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.
    Roosevelt certainly had some role in the great depression in the USA, but not the whole world.
    Many political people right or left wing write polemics about history, economy, or anywhere else they might have an ax to grind. I really wonder if any of them know what they are talking about. I will say wonder, because I really do not know. But at least I am being honest about it.

    No, I will not be reading Ron Paul's book or anyone else at the moment. I have a few acres on which I can grow things to eat. My debts are paid and hopefully all is good until it is my time to die.
     

    wildrider666

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    Once again, what was claimed legit federal objectives and tin foil hat bait is in fact gov operatives targeting and directing punitive actions against honest hard working Americans. Shadow Gov at all levels?
     

    Big Shrek

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    There's a way to play the stock market, but it takes a fair amount of study before getting into it.
    And, the BEST way is to do it right after a big crash...when everything is at it's lowest point.
    You buy cheap, and once those select stocks rise to a certain level, you sell them off.
    It also takes years, sometimes decades for those rises to pay off properly.

    Sticking with the BIG beasts after a crash works nicely. Coke ain't going anywhere, neither is Pepsi.
    But the only time you can buy those stocks cheaply is after a big crash. Hold 'em for years,
    let the prices rise up to double, then watch for indicators to say we're nearing another crash,
    then sell like crazy BEFORE the crash. Save that cash and buy into good solid stocks afterwards.
    Airplane stocks, food/drink stocks, stuff that always rises after a crash and has a great track record.

    Bonds are nice too, slow steady gains. US bonds are the safest.
    Best thing a kid fresh into the Military can do is get on that $100 a month
    Bond buying program...save 'em all, and when ya get out, it's everlasting income.
    The Gov't matched your cash, so you'd get 2 $100 bonds a month.
    So basically, it's like free money, just takes 20 years for the big bonus,
    which by that point, you should be retired, so it's like getting a second kickback
    check for party favors :) (Party Favors = guns, ammo, booze, & redheaded gals)
     

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