And where do you get the $52 trillion from? As you can ably read, there were only 8.3 trillion in money supply (currency + savings deposits... currency alone is a mere 1.6 trillion) at the beginning of the month.
The "Mandrake Mechanism" specifies the possible extent of collatoral monetization, not what is actually occuring. So while the Federal Reserve might be legally allowed to conjure up roughly $10 trillion in money supply (see jerz's post to reference the ACTUAL amount of collateral held by the Reserve), they've showed a great deal of restraint in stopping at $8.3 trillion.
With 5% annual interest on $8.3 trillion, it shouldn't surprise you that the Federal Reserve apparently went above the $415 billion it earned, returning $500 billion to the Treasury.
It's easy to ask questions that nobody has answers to when you use faulty math and data to produce them.
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Jun-23-2009 18:16
jerZ07002
Supreme tranceaddict
Registered: Dec 2006
Location:
quote:
Originally posted by Lebezniatnikov
With 5% annual interest on $8.3 trillion, it shouldn't surprise you that the Federal Reserve apparently went above the $415 billion it earned, returning $500 billion to the Treasury.
and why does he keep insisting the fed is receiving 5% interest. The treasury report clearly states that the average interest rate on TBill is 0.5% and the average rate on T notes is 3.3%.
Jun-23-2009 18:42
Krypton
83.798 g/6.022x10^23
Registered: Nov 2003
Location: Texas
quote:
Originally posted by culorut
That is exactly what I meant, "they" being the FED have to give back all of their earnings minus expenses to the US.
Did you forget how to fucking read?
You said they'r giving back only 10, 20% dipshit. I posted an income statement and balance sheet of the Fed's portfolio and clearly they do not make profits.
Jun-23-2009 19:46
pkcRAISTLIN
arbiter's chief minion
Registered: Jul 2002
Location:
quote:
Originally posted by culorut
Can someone answer the question on why the FED has not returned or even answered as to why they have not returned Trillions of dollars back to the US now would be a good time.
you haven't given us one single piece of information that indicates that this money you're talking about belongs back with the treasury. as we have repeatedly tried to educate you: only PROFITS are returned. you have no idea what this money was intended for, so (once again) you're beginning your conspiratorial nonsense with a flawed premise. go back to school!
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Jun-23-2009 23:12
Damerchi
Supreme tranceaddict
Registered: Nov 2005
Location: .
don't you see, he cant go back to school. They have all been corrupted!
Jun-23-2009 23:31
culorut
Supreme tranceaddict
Registered: Jan 2007
Location: right here
quote:
Originally posted by jerZ07002
blah blah blah - read the fucking official treasury reports, which directly refutes your claim. It clearly establishes that the fed owns 1.1 trillion of public debt.
Wrong. Bear in mind the chart below is from 1998, the FED now accounts for roughly 48% of the National debt presently.
quote:
And where do you get the $52 trillion from? As you can ably read, there were only 8.3 trillion in money supply (currency + savings deposits... currency alone is a mere 1.6 trillion) at the beginning of the month.
Fuck you are stupid. This is exactly why none of you understand how the central banks work.
They are able to charge interest on the roughly half of the National debt they own. Using the Mandrake Mechanism they are charging interest on 52 Trillion dollars not 5.5 Trillion of what they own. This is because of the multiplier of the Mandrake Mechanism which is 10 times what is actually in the reserve they own.
They use this air money and send it to their member banks (which is actually the FED) so they can give idiots like you loans and charge you interest on it.
Please tell me you think there is only 8.3 Trillion dollars in money supply/circulation so I can laugh in all of your faces.
And again prove me wrong, so far I see lots of retarded attacks from the sheeple but no answers.
Jun-24-2009 00:00
culorut
Supreme tranceaddict
Registered: Jan 2007
Location: right here
quote:
Originally posted by pkcRAISTLIN
you haven't given us one single piece of information that indicates that this money you're talking about belongs back with the treasury. as we have repeatedly tried to educate you: only PROFITS are returned. you have no idea what this money was intended for, so (once again) you're beginning your conspiratorial nonsense with a flawed premise. go back to school!
Profits=Interest
They make profits from 52 Trillion in the money supply they are creating using a 10 x multiplier. They are accountable to pay all of it back minus operating expenses to the USA.
If you think there is only 11.5 Trillion dollars in money supply then there would not be any paper money or credit to go around you fucking moron.
Central banks are allowed to create money out of thin air and idiots like you pay interest on it.
Without debt there would be ZERO money.
Go back to fucking school or stay in it if you feel you can get better at grasping basic knowledge. A quick warning though....which ever path you might decide, it's not going to help if you are retarded.
Jun-24-2009 00:10
Lebezniatnikov
Stupidity Annoys Me
Registered: Feb 2004
Location: DC
quote:
Originally posted by culorut
They are able to charge interest on the roughly half of the National debt they own. Using the Mandrake Mechanism they are charging interest on 52 Trillion dollars not 5.5 Trillion of what they own. This is because of the multiplier of the Mandrake Mechanism which is 10 times what is actually in the reserve they own.
Um, prove it. The Mandrake Mechanism, as I mentioned, stipulates what is allowed by US law if the Fed maxed out their monetization - not what actually exists.
Look, if you're going to continue to ignore data, such as that presented by myself in the Money Stock Measures report or by jerz in the Treasury report, what point is there in continuing this discussion? You're clearly incapable of processing information that doesn't congeal nicely with your loose interpretation of libertarian websites.
And frankly, for being such a crusader for the people, you really do have an unbelievable disdain for them.
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Jun-24-2009 00:14
culorut
Supreme tranceaddict
Registered: Jan 2007
Location: right here
quote:
You said they'r giving back only 10, 20% dipshit. I posted an income statement and balance sheet of the Fed's portfolio and clearly they do not make profits.
Go learn some math you before you speak and post bullshit from websites written by the leaders in raping countries.
They are only giving back 10-20% and I have not even talked about the bail out yet.
Because of people like you who do not understand a fucking thing about banking turned a blind eye and gave the banks another Trillion or so to help them rape the country even more.
Pat yourself on the back educated one.
Jun-24-2009 00:17
culorut
Supreme tranceaddict
Registered: Jan 2007
Location: right here
quote:
Originally posted by Lebezniatnikov
Um, prove it. The Mandrake Mechanism, as I mentioned, stipulates what is allowed by US law if the Fed maxed out their monetization - not what actually exists.
Look, if you're going to continue to ignore data, such as that presented by myself in the Money Stock Measures report or by jerz in the Treasury report, what point is there in continuing this discussion? You're clearly incapable of processing information that doesn't congeal nicely with your loose interpretation of libertarian websites.
And frankly, for being such a crusader for the people, you really do have an unbelievable disdain for them.
How much money supply is in the economy based on the percentage of the National debt the FED owns?
a. 5.8 Trillion
b. 52 Trillion
You really should stop contributing to this thread if you cannot answer this correctly.
Jun-24-2009 00:24
Lebezniatnikov
Stupidity Annoys Me
Registered: Feb 2004
Location: DC
quote:
Originally posted by culorut
How much money supply is in the economy based on the percentage of the National debt the FED owns?
a. 5.8 Trillion
b. 52 Trillion
You really should stop contributing to this thread if you cannot answer this correctly.
Go learn some math you before you speak and post bullshit from websites written by the leaders in raping countries.
I am. It's called an E-D-U-C-A-T-I-O-N. You should try it sometime.
quote:
They are only giving back 10-20% and I have not even talked about the bail out yet.
Prove it or stop pulling random numbers out of your ass.
quote:
Because of people like you who do not understand a fucking thing about banking
I'v worked for years in a financial institution and I am a finance major specializing in financial analysis. I think I know what I'm talking about...
quote:
turned a blind eye and gave the banks another Trillion or so to help them rape the country even more.
You just sound like an unintelligible idiot.
quote:
Pat yourself on the back educated one.
Thank you. I am relatively educated. What are you? High school dropout with the internet? Fighting the good fight on a trance music website...you'r pathetic...