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Originally posted by pkcRAISTLIN you are far from brilliant enough to teach yourself economics. your numerous errors (such as saying that california carries out monetary policy) illustrate you are incapable of understanding all this reading you are supposedly doing.

Point me to where I said they carry out monetary policy. I could have used that incorrectly while trying to explain something else. I agree that they aren't setting interest rates or handling the supply of money.

I don't claim to be brilliant either. It's fascinating to watch many of you try and put words into other peoples mouths. Bringing up the 9/11 thing was a real doozey!

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Originally posted by DOOMBOT Kryptonite, it just dawned on me. Why haven't you gotten a hold of this guy and told him that you actually are keeping track of the $2 Trillion and know exactly where it went?

Apparently, you missed the part when I said, "Just because the Inspector General doesn't appear to know where the money is during the hearing, that is not to say the Federal Reserve itself doesn't know."

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Originally posted by Krypton Apparently, you missed the part when I said, "Just because the Inspector General doesn't appear to know where the money is during the hearing, that is not to say the Federal Reserve itself doesn't know."

Taken from one of your favorite web sites...

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The Office of Inspector General (OIG) conducts independent and objective audits, inspections, evaluations, investigations, and other reviews related to programs and operations of the Board of Governors of the Federal Reserve System (Board). OIG efforts promote integrity, economy, efficiency, and effectiveness; help prevent and detect fraud, waste, and abuse; and strengthen accountability to the Congress and the public. The OIG’s work assists the Board in managing risk and in achieving its overall mission to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems so as to promote optimal macroeconomic performance.

If the Inspector General doesn't know, please enlighten us all, who would?

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Originally posted by DOOMBOT Bringing up the 9/11 thing was a real doozey!

hey, i was just pointing out the levels of logic your buddy culorut brings to the table. i wanted to know whether you shared the same idiocy. i am glad you do not.

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Originally posted by DOOMBOT Of course I conveniently avoided the question. It was a joke to begin with. I am an ABM at a bank but of course I don't deal with buying and selling, mergers, etc. of corporate entities. I of course deal with the financing side of things but that would be the extent of it.

then don't pretend that you do.

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Originally posted by DOOMBOT In all seriousness though, I don't know why you feel that someone can't be self taught in things. I for one don't have the finances to go to school full time so I do a lot of reading on my own. Which I believe can give you much more knowledge then just going through a school criteria which is already made up for you. This is where I find I butt heads with people like yourself. You were taught one philosophy of economics and I have read about more then just one that would have been force fed to me and decided for myself which one I felt made the most sense. You obviously don't agree with my beliefs, which is ok, but its kind of ignorant to believe yours is the only one that makes sense, simply because it is the only one you know. Anyway...

i don't believe my view is the only one that makes sense. i am open to persuasion by anyone, as long as they provide citations and solid logic.

a formal education is most valuable not because of the shit you learn in classes, rather it is important because you are provided the guidance and learn how to properly research issues. you, on the other hand, without the formal education aimlessly read bullshit on the internet and treat it as truth. i went through college, and law school learning most of the shit on my own. i know the value of sitting down and reading by myself. however, professors provided the relevant material and the resources to find the best and most accurate information.

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Originally posted by DOOMBOT Taken from one of your favorite web sites...

Good job, you know what the Inspector General is. So what? I'll repeat myself. Just because the Inspector General doesn't know something about Fed transactions, does not mean the Fed which carries out these transactions doesn't know itself. It appears that like colorut, you seem to believe the Federal Reserve is involved in criminal activity. Except it seems you accuse them of money laundering while colorut accuses them of accounting fraud. So many accusations, and so little proof. Otherwise, we'd be seeing these criminals (which you people rarely ever identify) charged for some crimes.

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If the Inspector General doesn't know, please enlighten us all, who would?

Perhaps the people involved in the program?

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Originally posted by jerZ07002 i don't believe my view is the only one that makes sense. i am open to persuasion by anyone, as long as they provide citations and solid logic. a formal education is most valuable not because of the shit you learn in classes, rather it is important because you are provided the guidance and learn how to properly research issues. you, on the other hand, without the formal education aimlessly read bullshit on the internet and treat it as truth. i went through college, and law school learning most of the shit on my own. i know the value of sitting down and reading by myself. however, professors provided the relevant material and the resources to find the best and most accurate information.

The best and most accurate information according to who?

This, again, is why I butt heads with people like yourself. I try and read a much broader range of material then just what my teacher wants me to. You've really contradicted yourself with the above post, whether you want to admit it or not.

By the way, you haven't cited much yourself.

I also do believe I was asked to give an opinion on the recessions of the 1800s and never got any sort of rebuttal on my opinion what-so-ever. Which happens to be a good basis for my arguments in why I believe that central planning will never be able to keep an economy stable and that it only makes things worse. Mind running through the same recessions/panics/depressions that I did and give your views?

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Originally posted by Krypton Perhaps the people involved in the program?

And their formal titles would be?

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Originally posted by DOOMBOT I also do believe I was asked to give an opinion on the recessions of the 1800s and never got any sort of rebuttal on my opinion what-so-ever. Which happens to be a good basis for my arguments in why I believe that central planning will never be able to keep an economy stable and that it only makes things worse. Mind running through the same recessions/panics/depressions that I did and give your views?

the panics of the 19th century had far more to do with lack of regulation and a central bank, as well as the volatility of un-regulated currency, than anything you seem to think it was. i didnt bother answering your question because you kept refusing to answer mine.

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Originally posted by DOOMBOT And their formal titles would be?

Sorry I'm not up to task on knowing every single job title inside the Federal Reserve. The Inspector General is an auditor. Just because she overlooked something is not to say the central bank itself is overlooking trillions on their balance sheet.

Now, are you accusing them of money laundering?

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Originally posted by DOOMBOT The best and most accurate information according to who?

according to everyone. professors spend years researching these issues so i'll defer to them over a glorified bank teller.

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Originally posted by DOOMBOT This, again, is why I butt heads with people like yourself. I try and read a much broader range of material then just what my teacher wants me to. You've really contradicted yourself with the above post, whether you want to admit it or not.

enlighten me on how i contradicted myself.

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Originally posted by DOOMBOT By the way, you haven't cited much yourself.

if you went to school you would realize you overuse reflective pronouns.

i provide links to official websites (i.e., treasury, wsj, etc...). you provide youtube bullshit.

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Originally posted by DOOMBOT I also do believe I was asked to give an opinion on the recessions of the 1800s and never got any sort of rebuttal on my opinion what-so-ever. Which happens to be a good basis for my arguments in why I believe that central planning will never be able to keep an economy stable and that it only makes things worse. Mind running through the same recessions/panics/depressions that I did and give your views?

i'm not a fucking historian, and never claimed to be one. and, from what i've read, it appears your post was nothing more than a regurgitation of a meager post somewhere online.

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Originally posted by ******** Nah there was a world bank then - it was called rothechild's and that was sort of the reason..

thanks for the laugh..