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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 12)
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| DOOMBOT |
| quote: | Originally posted by pkcRAISTLIN
what do these problems have to do with the fed or monetary policy?
what do decisions of the congress/senate/president have to do with the current discussion re central banks? |
They have nothing to do with each other. Absolutely nothing. The monetary policies of this country didn't contribute to our hocus pocus recession. The only problem is that we haven't printed more money, actually. |
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| DOOMBOT |
| Also, good to see you are once again getting your information from places such as the federal reserve web site and/or PBS. Government will always tell the truth! |
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| Krypton |
| quote: | Originally posted by DOOMBOT
Also, good to see you are once again getting your information from places such as the federal reserve web site and/or PBS. Government will always tell the truth! |
What problem do you have of posting a relevant source to back up our rebuttal to your claim the Fed is a for-profit entity. Is the Fed website not good enough when looking for a their own damn balance sheet? Idiot.
Not, but colorut. My god. Is there no hope? He comes right out to accuse the Federal ing Reserve of accounting fraud. You have one warped view of the world...:haha: |
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| pkcRAISTLIN |
| yeah, i didnt think you could answer them. i would've expected someone with such rigid convictions to have more of an idea about what they hated? though im obviously not surprised by the ignorance. |
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| Groundhog Boy |
| quote: | Originally posted by DOOMBOT
Yeah, I guess you are right. It's a wonder why the recession has everyone bothered right now. |
Do you have any semblance of knowledge about the economic cycles prior to the creation of the Fed? In the 20th & 21st century, we call them Recessions - in the 19th they called them Panics. |
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| Lebezniatnikov |
Now I'm just curious. What dictates that the Treasury, which is severely understaffed, has more authentic numbers than the Fed? I know you don't trust the Federal Reserve, but where has this sudden trust of an oft-hated U.S. government agency come from?
I mean, it stands to reason that if you don't trust the documents from the one, you wouldn't trust the documents from the other. |
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| culorut |
| quote: | Originally posted by Lebezniatnikov
Now I'm just curious. What dictates that the Treasury, which is severely understaffed, has more authentic numbers than the Fed? I know you don't trust the Federal Reserve, but where has this sudden trust of an oft-hated U.S. government agency come from?
I mean, it stands to reason that if you don't trust the documents from the one, you wouldn't trust the documents from the other. |
It does not take much to do a few searches to source information on the national debt. Remove the foreign ownership and you are left with what the FED owns, about half.
At a 5% interest rate this would equal around 2-2.5 Trillion dollars.
Stop making excuses because you think the US Treasury is understaffed, if I can figure out the amount of interest earned on my own I am sure the US Treasury does not have a problem writing down numbers on their balance sheet. |
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| culorut |
| quote: | Originally posted by Krypton
What problem do you have of posting a relevant source to back up our rebuttal to your claim the Fed is a for-profit entity. Is the Fed website not good enough when looking for a their own damn balance sheet? Idiot.
Not, but colorut. My god. Is there no hope? He comes right out to accuse the Federal ing Reserve of accounting fraud. You have one warped view of the world...:haha: |
Are you blowing hot air again or ignoring what the national debt is? Either way I do not think you know how to do some simple math or understand the banking system at all.
Post up some relevant links proving me wrong on anything I have posted in this thread because so far you have failed Krypot. |
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| DOOMBOT |
| quote: | Originally posted by Groundhog Boy
Do you have any semblance of knowledge about the economic cycles prior to the creation of the Fed? In the 20th & 21st century, we call them Recessions - in the 19th they called them Panics. |
And do you know how these panics came about?
Here's a hint: They weren't caused by "natural" cycles in the economy. |
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| DOOMBOT |
| No one ever answered culorut's question, by the way. |
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| Lebezniatnikov |
| quote: | Originally posted by culorut
It does not take much to do a few searches to source information on the national debt. Remove the foreign ownership and you are left with what the FED owns, about half.
At a 5% interest rate this would equal around 2-2.5 Trillion dollars.
Stop making excuses because you think the US Treasury is understaffed, if I can figure out the amount of interest earned on my own I am sure the US Treasury does not have a problem writing down numbers on their balance sheet. |
I'm not making excuses, I'm merely pointing out that the numbers you're relying on to make your statements were produced by the very people you think are involved in a conspiracy to simultaneously fleece the American people and kill them.
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| Lebezniatnikov |
| quote: | Originally posted by DOOMBOT
Here's a hint: They weren't caused by "natural" cycles in the economy. |
I'd be very interested in reading your take on the causes of Panics in between 1860-1900. |
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