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-- HR 1207 : Federal Reserve Transparency Act 2009
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| Originally posted by Krypton |
Im glad more people in here now appreciate the intellectual black hole that is cretinrot.
LOL, no one can answer my question still?
Total National Debt equals = 11.5 Trillion dollars
Intragovernmental debt (5.8 Trillion) + Public debt (5.8 Trillion) equals the total National debt.
The FEDS hold all of the PUBLIC debt and use this as collateral for printing money.
Out of the Public debt, foreign countries account for about 3 Trillion dollars. I state again the FED uses all of the 5.8 Trillion as collateral not part of it.
The roughly 50% of the Total National debt is owned by the FED. This translates into 50 Trillion dollars in monetary supply from them which they charge interest on through their member banks which really own the FED. The FED and member banks are the same entity, the difference is the member banks do not have to return their profits to the US.
The total estimate of money supply is over 100 Trillion dollars so the numbers do hold correct and so far no one has proved me wrong or even attempted to do so.
All I have seen is a link to what percentage the FED owns in US Treasury bonds and bills which does equal 1.5 Trillion but the FED holds the all the PUBLIC debt as collateral to print money which is presently at 6.5 Trillion or so.
United States Total Debt (Split)
Year, Intragovernmental Holdings, Debt Held by the Public
1999, 2.020 trillion, 3.636 trillion
2000, 2.269 trillion, 3.405 trillion
2001, 2.468 trillion, 3.339 trillion
2002, 2.675 trillion, 3.553 trillion
2003, 2.859 trillion, 3.924 trillion
2004, 3.072 trillion, 4.307 trillion
2005, 3.331 trillion, 4.601 trillion
2006, 3.664 trillion, 4.843 trillion
2007, 3.958 trillion, 5.049 trillion
2008, 4.216 trillion, 5.809 trillion
2009, 5.900 trillion, 6.400 trillion
Go ahead and continue cheer leading, the numbers do not lie.
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| Originally posted by culorut the numbers do not lie. |
Wow, it's been a while since everyone came together on one side.
culorut I think you can fairly say you're a uniter.
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| Originally posted by atbell Wow, it's been a while since everyone came together on one side. culorut I think you can fairly say you're a uniter. |
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| Originally posted by pkcRAISTLIN no, but you do. |
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| Originally posted by culorut They have only pointed out that the FED owns 1.5 Trillion dollars in US Treasaury bills/bonds of the Public debt which is correct but fail to realize they hold all of the Public debt |
Just to confirm again that the FED does create 10 times of what they really hold (all of the Public debt) because of fractional banking and no one has proved me wrong.....
Reserve Requirements
http://www.federalreserve.gov/monet.../reservereq.htm
If you read that correctly and understand it this means the following,
Let's say the government needs 1 Billion dollars to spend on something, this can be medical, pensions, corrupt bank bail outs or what ever you want to make up.
Since the government does not actually have this money (because it is in debt) and since congress has (unconstitutionally) removed their power to "create" it and given it to the FED's (1913) they now have to get this 1 Billion dollars from the FEDS with interest.
Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done.
The 1 Billion dollars of Federal reserve notes are given to the government and they now can spend it on what ever bullshit they asked for it in the first place.
The result is the American public has to pay interest on the 1 Billion dollars of federal reserve notes but the FED also uses the 1 Billion in US Treasury Bonds as reserve to create more air money which it loans to it's member banks which they loan to people and businesses.
So far the trade off was 1 Billion dollars of FED money on loan to the government from the FEDS and the FEDS made 1 Billion in US Treasuary Bonds plus the ability to create more air money or credit on these same Bonds. The amount of credit the FEDS make out of 1 Billion Treasury Bonds is equal to 10 Billion dollars because of fractional reserve banking. They only have to keep 10% reserve on their holdings to create more air money/credit. If you do not understand this go back and re-read the first link at the top which I posted "Reserve Requirements".
The FED now made interest on 10 Billion dollars of created air money through it's member banks that do not have to turn over their profits to the government. I will state again the member banks are the FED because of the foreign private share holders who own the member banks which in turn controls the FED.
The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged).
Rothschild Bank of London
Rothschild Bank of Berlin
Lazard Brothers of Paris
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Israel Moses Seif Banks of Italy
Kuhn Loeb Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Chase Manhattan Bank of New York
^^^
That's some very heavy pull from the private shareholders of the "member banks" which own stock of the FED Bank of New York who controls the rest of the FED Banks other 11 Districts would you not say?
Anyone care to prove me wrong? LOL.
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| Originally posted by culorut LOL, call it what ever you want. The sheep so far have not proved me wrong. They have only pointed out that the FED owns 1.5 Trillion dollars in US Treasaury bills/bonds of the Public debt which is correct but fail to realize they hold all of the Public debt and use all of it as a whole for collateral to print money. Fiat money that is. Forty somewhat pages and counting....... |
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| Originally posted by culorut Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done. |
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| Originally posted by culorut Can you read stupid? |
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| Originally posted by Krypton The Federal Reserve does not print money. Once again, your facts are wrong. http://en.wikipedia.org/wiki/Bureau...ng_and_Printing |
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| Originally posted by Krypton Can you get your facts straight? |
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| Originally posted by culorut I do have them straight, you just cannot read nor understand any of it which begs the question...why are you debating on a topic you know fuk all about? |
Wrong, they are dam straight to me. You just cannot read properly.
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| Originally posted by culorut Just to confirm again that the FED does create 10 times of what they really hold (all of the Public debt) because of fractional banking and no one has proved me wrong..... Reserve Requirements http://www.federalreserve.gov/monet.../reservereq.htm If you read that correctly and understand it this means the following, Let's say the government needs 1 Billion dollars to spend on something, this can be medical, pensions, corrupt bank bail outs or what ever you want to make up. Since the government does not actually have this money (because it is in debt) and since congress has (unconstitutionally) removed their power to "create" it and given it to the FED's (1913) they now have to get this 1 Billion dollars from the FEDS with interest. Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done. The 1 Billion dollars of Federal reserve notes are given to the government and they now can spend it on what ever bullshit they asked for it in the first place. The result is the American public has to pay interest on the 1 Billion dollars of federal reserve notes but the FED also uses the 1 Billion in US Treasury Bonds as reserve to create more air money which it loans to it's member banks which they loan to people and businesses. So far the trade off was 1 Billion dollars of FED money on loan to the government from the FEDS and the FEDS made 1 Billion in US Treasuary Bonds plus the ability to create more air money or credit on these same Bonds. The amount of credit the FEDS make out of 1 Billion Treasury Bonds is equal to 10 Billion dollars because of fractional reserve banking. They only have to keep 10% reserve on their holdings to create more air money/credit. If you do not understand this go back and re-read the first link at the top which I posted "Reserve Requirements". The FED now made interest on 10 Billion dollars of created air money through it's member banks that do not have to turn over their profits to the government. I will state again the member banks are the FED because of the foreign private share holders who own the member banks which in turn controls the FED. The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged). Rothschild Bank of London Rothschild Bank of Berlin Lazard Brothers of Paris Warburg Bank of Hamburg Warburg Bank of Amsterdam Israel Moses Seif Banks of Italy Kuhn Loeb Bank of New York Goldman, Sachs of New York Lehman Brothers of New York Chase Manhattan Bank of New York ^^^ That's some very heavy pull from the private shareholders of the "member banks" which own stock of the FED Bank of New York who controls the rest of the FED Banks other 11 Districts would you not say? Anyone care to prove me wrong? LOL. |
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| Originally posted by culorut Wrong, they are dam straight to me. You just cannot read properly. For someone who claims to work in the financial industry you sure do not know much about it that's for sure. |
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| Originally posted by Krypton I develop financial models. What have you done? Watched "Money Masters"?Get an education.. |
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| Originally posted by culorut Blah blah blah |
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| Originally posted by culorut Then prove what I just posted wrong mighty educated one. I am absolutely shocked by the amount of people (especially Americans) that have no fuking clue of how their own banking system works. Is it any wonder the FED has and still is raping the USA? Pathetic. |
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| Originally posted by jerZ07002 Someone who knows as much about the US banking system as you should know that lehman brothers was a securities firm and NOT a federally chartered commercial bank and thus it couldn't be a shareholder of a reserve bank. But, I suspect you will say lehman was a shareholder despite federal records establishing the contrary. |
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| Originally posted by Krypton We have proved it. It's not our fault you'r stubborn as a mule. |
| quote: |
| Originally posted by jerZ07002 Someone who knows as much about the US banking system as you should know that lehman brothers was a securities firm and NOT a federally chartered commercial bank and thus it couldn't be a shareholder of a reserve bank. But, I suspect you will say lehman was a shareholder despite federal records establishing the contrary. |
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| The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. |
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The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged). Rothschild Bank of London Rothschild Bank of Berlin Lazard Brothers of Paris Warburg Bank of Hamburg Warburg Bank of Amsterdam Israel Moses Seif Banks of Italy Kuhn Loeb Bank of New York Goldman, Sachs of New York Lehman Brothers of New York Chase Manhattan Bank of New York |
you should really learn to do research other than swallowing whatever conspiracy tripe you find online. its funny seeing you repeat verbatim known fallacies, priceless.| quote: |
Who Owns the New York Federal Reserve Bank? Each of the twelve Federal Reserve Banks is organized as a corporation in much the same way as many other firms. However, Gary Kah in 1991 claimed foreigners intent on global economic and political domination own a controlling interest in the shares of the New York Federal Reserve Bank. �Swiss and Saudi Arabian contacts,� according to Kah (p. 13), identified the top eight shareholders as Rothschild Banks of London and Berlin Lazard Brothers Banks of Paris Israel Moses Seif Banks of Italy Warburg Bank of Hamburg and Amsterdam Lehman Brothers of New York Kuhn, Loeb Bank of New York Chase Manhatten Bank Goldman, Sachs of New York. Kah describes these as the Fed�s �Class A shareholders� (p. 14). This is curious because Federal Reserve stock is not classified in this manner. It can be either �member stock� or �public stock.� However, the directors of a Federal Reserve Bank are separated into Classes A, B, and C depending on how they are appointed (12 USCA �302). Fellow conspiracy theorist Eustace Mullins presents a different list in his 1983 book Secrets of the Federal Reserve. He reports the top eight stockholders of the New York Fed in 1982 were Citibank Chase Manhatten Bank Morgan Guaranty Trust Chemical Bank Manufacturers Hanover Trust Bankers Trust Company National Bank of North America Bank of New York. He notes that together these banks own about 63 percent of the New York Fed�s outstanding stock. European banking organizations, most notably the Rothschild banking dynasty, he then claims, own many of these banks. Mullins also contends that through their American agents, the European bankers � who he calls the London Connection � select the board of directors for the N.Y. Fed. Since the N.Y. Fed supposedly controls the whole Federal Reserve System, this allows the London Connection to direct U.S. monetary policy. He explains, ... The most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic since its very inception. The power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled from England, and so it is today (Mullins, p. 47-48). Clearly, there is a discrepancy between the two lists. According to Kah, foreigners own shares of the N.Y. Fed directly. On the other hand, Mullins does not report any such direct foreign ownership. Instead, Europeans allegedly own the U.S. banks which, in turn, own the N.Y. Fed � an indirect ownership. So who is right? Mullins claimed the source of his information was the Federal Reserve Bulletin, however, that publication has never reported the shareholder list of any Federal Reserve Bank. It is not clear where he obtained his list. Kah�s source was supposedly an unnamed group of Swiss and Saudi Arabian contacts and so it is impossible even to verify his list. On the other hand, the two authors published their lists eight years apart. Since Mullins� was the earlier of the two, it may be possible that sometime between 1983 and 1991 foreigners acquired a substantial amount of stock in the N.Y. Fed. It is also possible that both lists are wrong. To clarify this mystery, let�s first look at the Federal Reserve Act of 1913 itself. The law requires that all nationally chartered commercial banks and savings & loans buy stock in their regional Federal Reserve Bank, thereby becoming �member banks� (12 USCA �282).1 The amount of stock a bank must buy, called �member stock,� is proportional to the bank�s size. So, we would expect that by law the largest shareholders of the N.Y. Fed to be the largest banks operating in its district. This is consistent with Mullins since all of the banks on his list were, at the time, the largest banks in the N.Y. Fed region. Further examination of the law and the facts makes Kah�s list suspect. The law does not permit the stock of a Federal Reserve Bank to be traded publicly like the stock of a typical corporation. The original Federal Reserve Act called for each regional Bank to sell stock to raise at least $4 million to begin operations (12 USCA �281). The stock was to be sold to banks, not to the public. Only in the event that sales to member banks did not raise the necessary $4 million would the regional Fed Banks be permitted to sell shares to the public, called �public stock.� However, this did not happen and no stock in any Federal Reserve Bank has ever been sold to the public, to foreigners, or to any non-bank U.S. firm (Woodward, 1996). Note that foreign interests comprise half of the alleged owners on Kah�s list. Moreover, three of the hypothesized American owners are not even banks. The law permits neither foreigners nor non-bank firms from owning shares in any Federal Reserve Bank. Chase Manhatten is the only entity on Kah�s list that could possibly own shares of the N.Y. Fed. We can simply look at the most recent list of shareholders to test the claim that foreigners own the New York Federal Reserve Bank. According to the N.Y. Fed itself, as of June 30, 1997 the top eight shareholders were Chase Manhatten Bank Citibank Morgan Guaranty Trust Company Fleet Bank Bankers Trust Bank of New York Marine Midland Bank Summit Bank. All of the major shareholders seen here and all of the banks on the complete list are either nationally- or state-chartered banks. All of them are U.S.-owned. Kah�s claim that foreigners directly own the N.Y. Fed is completely wrong. This list is consistent, however, with Mullins in that all the owners are domestic banks functioning within the N.Y. Federal Reserve district. The discrepancies are likely due to mergers, new entries into the banking market, or other significant changes in the size of district banks since the publication of Mullins� list. One point is clear: foreigners do not own the New York Federal Reserve directly. BY: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C. |
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