Originally posted by culorut
The FED banks own roughly half of the National debt which is equal to 25 Trillion dollars.
Where are you pulling that number?
The Outstanding Public Debt as of 22 Jun 2009 at 07:56:30 PM GMT is:
jerZ07002
quote:
Originally posted by culorut
The FED banks own roughly half of the National debt which is equal to 25 Trillion dollars. At average 5% interest rate they earn around 2 Trillion dollars a year easily including their transaction fees and actual higher interest rates. How exactly do you not figure this is not enough to equal Trillions of dollars?
Let me guess, because they told you so on their website right?
More importantly they cannot account for these Trillions of dollars both on and off their balance sheets. They are raping the USA of Trillions of dollars, the only returned 500 billion back to the US Treasury as per 2008. Where is the rest of the money? All 1.5 Trillion dollars of it to be exact, prove me wrong.
:stongue:
the US does not pay anywhere near 5 percent on most treasuries. on 10 year treasuries the government is paying 3.125%.
furthermore, the fed only owns 1.1 trillion of the federal debt. Even at the excessive rate of 5%, that only amounts to approximately 55 billion dollars, far short of trillions.
Assistant branch manager? Finance? :stongue: No, you'r just pimping bank tellers. They get the referrals, you close the sale. That's nothing but sales which even a high school drop out can do. FINANCE, is far far more than just selling checking accounts. When Microsoft offered to buy Yahoo!, who do you think handled the deal, paperwork, and negotiations? Sure wasn't bank branch managers. It was people with finance/economics/accounting/law degrees. Who are you going to trust to give you open heart surgery? The guy who just looked it up on wikipedia, or the guy who spent half his life in school to learn everything there is currently to learn about the human body.
Krypton
quote:
Originally posted by culorut
The FED banks own roughly half of the National debt which is equal to 25 Trillion dollars. At average 5% interest rate they earn around 2 Trillion dollars a year easily including their transaction fees and actual higher interest rates. How exactly do you not figure this is not enough to equal Trillions of dollars?
Let me guess, because they told you so on their website right?
More importantly they cannot account for these Trillions of dollars both on and off their balance sheets. They are raping the USA of Trillions of dollars, the only returned 500 billion back to the US Treasury as per 2008. Where is the rest of the money? All 1.5 Trillion dollars of it to be exact, prove me wrong.
:stongue:
I'm not proving your lies. The FED banks own only about $1 trillion. The Fed's balance sheet is just 3 trillion. How the hell can the FED own 12 trillion of government debt? IT'S MATHEMATICAL IMPOSSIBLE. Oh, I forgot. The Federal Reserve is conducting accounting fraud, so we can't believe them on stated assets and liabilities. And the national debt is $11 trillion. Idiot.
jerZ07002
quote:
Originally posted by Krypton
Assistant branch manager? Finance? :stongue: No, you'r just pimping bank tellers. They get the referrals, you close the sale. That's nothing but sales which even a high school drop out can do. FINANCE, is far far more than just selling checking accounts. When Microsoft offered to buy Yahoo!, who do you think handled the deal, paperwork, and negotiations? Sure wasn't bank branch managers. It was people with finance/economics/accounting/law degrees. Who are you going to trust to give you open heart surgery? The guy who just looked it up on wikipedia, or the guy who spent half his life in school to learn everything there is currently to learn about the human body.
dude conveniently avoided my question as to what qualifies him to handle debt issuances, IPOs, and M&A advisory work. He also ignored my post about derivative pricing theory. But, trust him, he knows about finance because he's an assistant bank teller.
DOOMBOT
quote:
Originally posted by jerZ07002
dude conveniently avoided my question as to what qualifies him to handle debt issuances, IPOs, and M&A advisory work. He also ignored my post about derivative pricing theory. But, trust him, he knows about finance because he's an assistant bank teller.
Assistant to the bank teller. Get it right.
Where's the missing money, by the way? No answer still? LOLZZZZES
Krypton
quote:
Originally posted by DOOMBOT
Assistant to the bank teller. Get it right.
Where's the missing money, by the way? No answer still? LOLZZZZES
You'r facts are wrong to begin with. There is no missing money.
quote:
the US does not pay anywhere near 5 percent on most treasuries. on 10 year treasuries the government is paying 3.125%.
furthermore, the fed only owns 1.1 trillion of the federal debt. Even at the excessive rate of 5%, that only amounts to approximately 55 billion dollars, far short of trillions.
The FED banks own only about $1 trillion. The Fed's balance sheet is just 3 trillion. How the hell can the FED own 12 trillion of government debt? IT'S MATHEMATICAL IMPOSSIBLE. Oh, I forgot. The Federal Reserve is conducting accounting fraud, so we can't believe them on stated assets and liabilities. And the national debt is $11 trillion.
DOOMBOT
quote:
Originally posted by Krypton
You'r facts are wrong to begin with. There is no missing money.
Damnit, why didn't I think to look at the Treasuries web site before I typed?!
Thank you Kryptonite!
DOOMBOT
quote:
Originally posted by jerZ07002
dude conveniently avoided my question as to what qualifies him to handle debt issuances, IPOs, and M&A advisory work. He also ignored my post about derivative pricing theory. But, trust him, he knows about finance because he's an assistant bank teller.
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.
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... :p
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?
pkcRAISTLIN
quote:
Originally posted by culorut
Every last American needs to read this book.
quote:
G. Edward Griffin lays out this conspiratorial version of history in his book The Creature from Jekyll Island. His amateurish take on history is highly suspect, however. Gerry Rough, in a series of well- researched essays on U.S. banking history, reveals many historical inaccuracies, inconsistencies, and even contradictions in Griffin's book and others of its genre. Instead of reproducing Rough's work here, I offer the reader a substantially more accurate view of the events leading up to the creation of the Federal Reserve System in 1913. To get a proper historical perspective, the story of begins just prior to the Civil War...
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.
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.
