quote:

i know how fractional reserve banking works champ. you made a mistake too, if laura burns $100 and she only has $900, when she deposits that in her bank, the bank may only lend $810 of that $900. haha, you can't even get the simple things right

Oh really?

BAHAHAHAHAHAHAA

I copied the m0, m1, m2 info directly from wiki to help you understand it you fucking idiot. What I posted IS correct.

KFC is the leader of fucking morons.

And we all know wikipedia was written by God himself. Federal websites are fraught with errors, but wikipedia is infallible.

___________________

quote:

Originally posted by culorut Still do not have the brains to answer the question?

I have the brains to know your question is full of shit. It might help you to get your facts straight before you ask another stupid question..

quote:

Originally posted by culorut Oh really? BAHAHAHAHAHAHAA I copied the m0, m1, m2 info directly from wiki to help you understand it you fucking idiot. What I posted IS correct. KFC is the leader of fucking morons.

and it is wrong. the fractional reserve lending stipulates that a bank may lend 90% of its books. if laura deposits $900, then the bank may only lend $810 of it.

this is the difference between knowledge, and googling information you don't understand.

___________________

quote:

Originally posted by jerZ07002 if you knew anything about treasuries you would know that most have maturities of about 10 years and ownership is not static. moreover, it speaks volumes about you that you ignore the official information posted by the treasury to defer to a graph on a website of some dude named ed hall. i don't know why people still entertain your posts. i'm done at this point.

I used the Treasuries website as a source for the 500 Billion that was returned to the US by the FED.

If you are claiming that the chart is wrong then please provide one showing the breakdown of who owns what in terms of the National debt. Half is roughly owned by the FED, talk is cheap so prove me wrong already.

http://en.wikipedia.org/wiki/United_States_public_debt

Regardless of the maturity the FED can be given credit at will because they can demand what ever they want based on the amount of National debt they own. They charge interest on this air money to everyone and reap the benefits, not return it.

Thanks for proving me right again.

quote:

Originally posted by culorut Quick Re-cap. 1. Thread begins with HR 1207 Act nearly being passed for transparency in the Federal Reserve which is now signed by hundreds of members of congress. 2. Trolls and sheeple emerge and complain there is no need for it. The FED is honest. 3. Relevant information and facts are posted showing the FED is a scam. 4. Trolls and sheeple emerge and complain there is no need for it and post links to the FED's website claiming their innocence. 5. Relevant information and facts are posted again showing the FED is a scam and this time involving the FED themselves having no idea where Trillions of dollars are on the record. 6. Trolls and sheeple emerge and complain there is no need for it and post links to the FED's website claiming their innocence. 7. More relevant information and facts are posted showing the FED is a scam and that the numbers do not add up nor lie. 8. Trolls and sheeple emerge and complain there is no need for it and post links to the FED's website claiming their innocence and anyone who does not believe them must not be educated. 9. More relevant information and facts are posted showing the FED is a scam and how the fractional reserve banking really works to help the poor souls. 10. Trolls and sheeple emerge not even on topic anymore and claim we are all not educated but they still have not made any attempt to answer one thing but post the same links to the FED's website.

Yes, let's recap.

You'v accused the Federal Reserve of...

1) Accounting fraud
2) Money Laundering
3) Racketeering
4) Breach of Trust with Fraudulent Intent

and you post fake data thinking we'r as stupid as you!

quote:

Originally posted by culorut I used the Treasuries website as a source for the 500 Billion that was returned to the US by the FED. If you are claiming that the chart is wrong then please provide one showing the breakdown of who owns what in terms of the National debt. Half is roughly owned by the FED, talk is cheap so prove me wrong already. http://en.wikipedia.org/wiki/United_States_public_debt Regardless of the maturity the FED can be given credit at will because they can demand what ever they want based on the amount of National debt they own. They charge interest on this air money to everyone and reap the benefits, not return it. Thanks for proving me right again.

i don't need a cute chart or a wikipedia cite to prove you wrong. the treasury posted this in it's monthly report (just take the time to scroll to the bottom of the second page):

"The Federal Reserve Banks (FRB) owned $1,114 billion of Federal Debt securities Held by the Public as of May 31, 2009."

http://www.treasurydirect.gov/govt/...ddebt_may09.pdf

quote:

Originally posted by jerZ07002 i don't need a cute chart or a wikipedia cite to prove you wrong. the treasury posted its monthly report and on the last page it says that the fed owns 1.1 trillion of the government debt. http://www.treasurydirect.gov/govt/...ddebt_may09.pdf

PWN

quote:

Originally posted by Krypton PWN

i messed up though, the cite to the fed owned debt is at the bottom of the second page.

quote:

Originally posted by jerZ07002 i messed up though, the cite to the fed owned debt is at the bottom of the second page.

like cretinrot's gonna bother to read it anyway!

___________________

Wrong they own roughly 5 Trillion dollars of the National debt.

quote:

Originally posted by culorut Wrong they own roughly 5 Trillion dollars of the National debt.

i'm providing official government data accurate as of May 31, 2009, and you are providing wikipedia charts from june 2008. I'm sure that information is accurate, however, it is dated, and you are reading the chart improperly.

did you even bother reading the part about "intergovernmental holdings?" that includes social security and other agencies, not just the fed. The fed's component of that is 1.1 trillion (more clearly stated, of that 4.6 something trillion, the fed now owns 1.1 trillion). The social security administration owns 2.2 trillion of US government debt, more than the fed. the link i provided spells all of that out, and it even confirms your pretty charts.

come on dude - it's not that difficult to read charts.