And since the topic is HR 1207, here is some more good news. The ACT now holds 51% of the house as of last week.

quote:

Originally posted by culorut You already answered your question. ^^^^ That actually means the FED. Entities are the FED. If they were not why do you think 50% of the "blue" area in the chart is categorized under the FEDERAL RESERVE?

Federal Reserve AND Intergovernmental Holdings (other Federal Entities)

quote:

otherwise there would not be 50 Trillion dollars of money supply available.

There isn't! Read the balance sheets provided you, for crying out loud.

___________________

quote:

I thought you said the Federal Reserve is private

It is private, they can use their "entities" which is really the FED to print more money. Maybe you are in mood to edit the WIKI with jer and KFC on this one. But until you do I am going to go with the real and correct information on this one.

Here you go fella's, let me know when they decide to publish your "correct findings".

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

Fed continues to refuse to disclose recipients of nearly $2 Trillion


"Fed Refuses to Release Bank Lending Data, Insists on Secrecy

March 5 (Bloomberg) -- The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom of Information Act lawsuit filed by Bloomberg News.

The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.

The bank provides “select members and staff of the Board of Governors with daily and weekly reports” on Primary Dealer Credit Facility borrowing, said Susan E. McLaughlin, a senior vice president in the markets group of the Federal Reserve Bank of New York in a deposition for the Fed. The documents “include the names of the primary dealers that have borrowed from the PDCF, individual loan amounts, composition of securities pledged and rates for specific loans.”

The Board of Governors contends that it’s separate from its member banks, including the Federal Reserve Bank of New York which runs the lending programs. Most documents relevant to the Bloomberg suit are at the Federal Reserve Bank of New York, which the Fed contends isn’t subject to FOIA law. The Board of Governors has 231 pages of documents, which it is denying access to under an exemption under trade secrets.

“I would assume that information would be shared by the Fed and the New York Fed,” said U.S. Representative Scott Garrett, a New Jersey Republican. “At some point, the demand for transparency is paramount to any demand that they have for secrecy.”

Bloomberg sued Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs."


http://www.bloomberg.com/apps/news?...96TI&refer=home

That's a lot of signatures for a "trusted" private company to start worrying about.....LOL


H.R.1207

Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009)
Cosponsors (242)
Related Bills: S.604


Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Aderholt, Robert B. [AL-4] - 5/6/2009
Rep Adler, John H. [NJ-3] - 5/6/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Altmire, Jason [PA-4] - 5/20/2009
Rep Austria, Steve [OH-7] - 5/6/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bachus, Spencer [AL-6] - 4/29/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Barrett, J. Gresham [SC-3] - 4/28/2009
Rep Barrow, John [GA-12] - 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Barton, Joe [TX-6] - 5/4/2009
Rep Berkley, Shelley [NV-1] - 5/21/2009
Rep Berry, Marion [AR-1] - 5/20/2009
Rep Biggert, Judy [IL-13] - 4/28/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Bilirakis, Gus M. [FL-9] - 5/4/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Boehner, John A. [OH-8] - 6/10/2009
Rep Bonner, Jo [AL-1] - 6/9/2009
Rep Bono Mack, Mary [CA-45] - 4/29/2009
Rep Boozman, John [AR-3] - 5/7/2009
Rep Boswell, Leonard L. [IA-3] - 6/9/2009
Rep Boustany, Charles W., Jr. [LA-7] - 5/13/2009
Rep Brady, Kevin [TX-8] - 4/22/2009
Rep Braley, Bruce L. [IA-1] - 6/11/2009
Rep Bright, Bobby [AL-2] - 6/11/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Brown, Corrine [FL-3] - 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] - 4/28/2009
Rep Brown-Waite, Ginny [FL-5] - 5/20/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Buyer, Steve [IN-4] - 4/30/2009
Rep Calvert, Ken [CA-44] - 4/29/2009
Rep Camp, Dave [MI-4] - 6/18/2009
Rep Campbell, John [CA-48] - 5/4/2009
Rep Cantor, Eric [VA-7] - 6/23/2009
Rep Cao, Anh "Joseph" [LA-2] - 6/11/2009
Rep Capito, Shelley Moore [WV-2] - 4/1/2009
Rep Carney, Christopher P. [PA-10] - 6/9/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Cassidy, Bill [LA-6] - 5/4/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Childers, Travis [MS-1] - 6/9/2009
Rep Coble, Howard [NC-6] - 6/11/2009
Rep Coffman, Mike [CO-6] - 6/16/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Conaway, K. Michael [TX-11] - 5/7/2009
Rep Conyers, John, Jr. [MI-14] - 6/23/2009
Rep Crenshaw, Ander [FL-4] - 5/4/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Davis, Geoff [KY-4] - 5/6/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Dent, Charles W. [PA-15] - 5/6/2009
Rep Diaz-Balart, Mario [FL-25] - 6/18/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Dreier, David [CA-26] - 6/10/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Edwards, Chet [TX-17] - 6/16/2009
Rep Edwards, Donna F. [MD-4] - 6/11/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Flake, Jeff [AZ-6] - 5/11/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Forbes, J. Randy [VA-4] - 5/20/2009
Rep Fortenberry, Jeff [NE-1] - 5/12/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] - 6/3/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Gerlach, Jim [PA-6] - 5/11/2009
Rep Giffords, Gabrielle [AZ-8] - 6/16/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Gohmert, Louie [TX-1] - 4/23/2009
Rep Goodlatte, Bob [VA-6] - 4/28/2009
Rep Granger, Kay [TX-12] - 4/28/2009
Rep Graves, Sam [MO-6] - 4/22/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Griffith, Parker [AL-5] - 6/16/2009
Rep Grijalva, Raul M. [AZ-7] - 6/3/2009
Rep Guthrie, Brett [KY-2] - 5/7/2009
Rep Hall, Ralph M. [TX-4] - 4/29/2009
Rep Halvorson, Deborah L. [IL-11] - 6/3/2009
Rep Hare, Phil [IL-17] - 5/11/2009
Rep Harper, Gregg [MS-3] - 5/11/2009
Rep Hastings, Doc [WA-4] - 5/11/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Hensarling, Jeb [TX-5] - 5/4/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] - 5/6/2009
Rep Hinchey, Maurice D. [NY-22] - 6/2/2009
Rep Hoekstra, Peter [MI-2] - 4/28/2009
Rep Holden, Tim [PA-17] - 6/4/2009
Rep Hunter, Duncan D. [CA-52] - 5/13/2009
Rep Inglis, Bob [SC-4] - 4/23/2009
Rep Inslee, Jay [WA-1] - 5/12/2009
Rep Issa, Darrell E. [CA-49] - 6/16/2009
Rep Jenkins, Lynn [KS-2] - 4/23/2009
Rep Johnson, Henry C. "Hank," Jr. [GA-4] - 6/9/2009
Rep Johnson, Sam [TX-3] - 4/22/2009
Rep Johnson, Timothy V. [IL-15] - 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Jordan, Jim [OH-4] - 6/2/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kaptur, Marcy [OH-9] - 4/23/2009
Rep King, Peter T. [NY-3] - 6/4/2009
Rep King, Steve [IA-5] - 6/11/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Kline, John [MN-2] - 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] - 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] - 6/4/2009
Rep Kucinich, Dennis J. [OH-10] - 6/11/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Lance, Leonard [NJ-7] - 5/11/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep LaTourette, Steven C. [OH-14] - 4/28/2009
Rep Latta, Robert E. [OH-5] - 5/20/2009
Rep Lee, Christopher J. [NY-26] - 6/10/2009
Rep Linder, John [GA-7] - 5/6/2009
Rep Lipinski, Daniel [IL-3] - 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] - 5/4/2009
Rep Loebsack, David [IA-2] - 6/10/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Lungren, Daniel E. [CA-3] - 5/7/2009
Rep Mack, Connie [FL-14] - 5/12/2009
Rep Maffei, Daniel B. [NY-25] - 5/12/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Massa, Eric J. J. [NY-29] - 4/22/2009
Rep McCarthy, Kevin [CA-22] - 5/4/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep McDermott, Jim [WA-7] - 4/29/2009
Rep McGovern, James P. [MA-3] - 6/10/2009
Rep McHenry, Patrick T. [NC-10] - 4/30/2009
Rep McHugh, John M. [NY-23] - 5/4/2009
Rep McIntyre, Mike [NC-7] - 6/10/2009
Rep McKeon, Howard P. "Buck" [CA-25] - 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] - 5/4/2009
Rep Mica, John L. [FL-7] - 5/12/2009
Rep Michaud, Michael H. [ME-2] - 5/7/2009
Rep Miller, Candice S. [MI-10] - 4/28/2009
Rep Miller, Gary G. [CA-42] - 6/10/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Minnick, Walter [ID-1] - 5/13/2009
Rep Mitchell, Harry E. [AZ-5] - 6/9/2009
Rep Moran, Jerry [KS-1] - 5/4/2009
Rep Murphy, Patrick J. [PA-8] - 6/9/2009
Rep Murphy, Tim [PA-18] - 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] - 4/28/2009
Rep Neugebauer, Randy [TX-19] - 4/30/2009
Rep Nunes, Devin [CA-21] - 6/12/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Ortiz, Solomon P. [TX-27] - 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] - 6/9/2009
Rep Pastor, Ed [AZ-4] - 5/20/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Perlmutter, Ed [CO-7] - 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] - 5/13/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Pitts, Joseph R. [PA-16] - 4/28/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Polis, Jared [CO-2] - 6/11/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Putnam, Adam H. [FL-12] - 4/28/2009
Rep Radanovich, George [CA-19] - 5/6/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Reichert, David G. [WA-8] - 5/20/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Rogers, Mike D. [AL-3] - 5/13/2009
Rep Rogers, Mike J. [MI-8] - 5/20/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Rooney, Thomas J. [FL-16] - 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] - 4/28/2009
Rep Roskam, Peter J. [IL-6] - 6/2/2009
Rep Ross, Mike [AR-4] - 5/21/2009
Rep Rothman, Steven R. [NJ-9] - 6/18/2009
Rep Royce, Edward R. [CA-40] - 5/12/2009
Rep Ryan, Paul [WI-1] - 5/14/2009
Rep Sarbanes, John P. [MD-3] - 6/15/2009
Rep Scalise, Steve [LA-1] - 5/20/2009
Rep Schakowsky, Janice D. [IL-9] - 5/6/2009
Rep Schauer, Mark H. [MI-7] - 5/20/2009
Rep Schmidt, Jean [OH-2] - 6/11/2009
Rep Schock, Aaron [IL-18] - 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] - 5/7/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Shadegg, John B. [AZ-3] - 5/7/2009
Rep Shea-Porter, Carol [NH-1] - 6/9/2009
Rep Sherman, Brad [CA-27] - 6/23/2009
Rep Shimkus, John [IL-19] - 4/22/2009
Rep Shuler, Heath [NC-11] - 6/12/2009
Rep Shuster, Bill [PA-9] - 5/7/2009
Rep Simpson, Michael K. [ID-2] - 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] - 6/17/2009
Rep Smith, Adam [WA-9] - 4/22/2009
Rep Smith, Adrian [NE-3] - 4/28/2009
Rep Smith, Christopher H. [NJ-4] - 6/15/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Snyder, Vic [AR-2] - 6/23/2009
Rep Souder, Mark E. [IN-3] - 6/16/2009
Rep Space, Zachary T. [OH-18] - 6/23/2009
Rep Speier, Jackie [CA-12] - 6/11/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Teague, Harry [NM-2] - 6/12/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Thompson, Glenn [PA-5] - 4/22/2009
Rep Thornberry, Mac [TX-13] - 5/21/2009
Rep Tiahrt, Todd [KS-4] - 4/28/2009
Rep Tiberi, Patrick J. [OH-12] - 4/28/2009
Rep Tonko, Paul D. [NY-21] - 6/9/2009
Rep Turner, Michael R. [OH-3] - 5/13/2009
Rep Upton, Fred [MI-6] - 4/29/2009
Rep Walden, Greg [OR-2] - 5/4/2009
Rep Walz, Timothy J. [MN-1] - 5/7/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Welch, Peter [VT] - 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Whitfield, Ed [KY-1] - 5/14/2009
Rep Wilson, Joe [SC-2] - 4/29/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Wolf, Frank R. [VA-10] - 6/11/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Young, C.W. Bill [FL-10] - 6/3/2009
Rep Young, Don [AK] - 3/6/2009


http://thomas.loc.gov/cgi-bin/bdque...11:HR01207:@@@P

quote:

Originally posted by Krypton

LOL - so on point! i started watching the clip as i was eating something and nearly chocked on my food from laughing so hard. well played kryp

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.

quote:

Originally posted by culorut the numbers do not lie.

no, but you do.

___________________