Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by cretinrot
If you have not checked the central private banks have been bankrupting countries since the beginning of time you ing idiot.
you're an ignorant turd. central banks dont spend the money, the congress or parliament does.
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
quote:
Originally posted by pkcRAISTLIN
go take an economics class you try-hard intellectual :stongue:
culorut
Here you go KFC, read and learn.
Debt: An Inescapable Concept Part 5: Central Banking
Debt is an inescapable concept. It is never a question of debt or no debt. It is always a question of which kind of debt, owed to whom, when.
The modern economy is addicted to government debt by way of central banking debt. The system is self-reinforcing. Governments spend more money and make more unfunded promises than taxes can fund. So, governments turn to debt as a way to make up the shortfall. To keep interest rates low, governments license privately owned central banks to create money in order to buy government debt. This has been the pattern ever since the creation of the Bank of England in 1694.
Central banks create money when they purchase government debt, which is mainly what they invest in. This adds new money to the economy: monetary inflation. To eliminate all government debt, as the United States did in only one year, 1835, the central bank would have to sell government debt and purchase some other asset to replace it. Otherwise, the bank’s sale of government debt to the public or to the government (debt reduction) would shrink the money supply.
For a central bank to fold up shop and go away, it would have to sell all of its assets. This would create price deflation on a massive scale. It would create a depression far worse than the Great Depression of the 1930’s. This is why, once begun, the central banking system is self-reinforcing. It is like an addictive drug. It means lifetime employment for the pushers: central bankers.
The modern system of debt-based money is therefore as close to politically inescapable as anything in the modern world – even the welfare state. The modern world is addicted to central bank debt. In theory, central bank debt is not inescapable. Once begun, however, it is politically inescapable. The organization of debt into money is politically irreversible short of what Ludwig von Mises called the crack-up boom: the breakdown of money in mass inflation. It leads to ever-greater monetary inflation.
This is a worldwide phenomenon. Around the world, central banks control national monetary systems. A free market in money is universally opposed by politicians, academics, and of course commercial bankers, who want a lender of last resort to protect them from bank runs by their depositors.
DEBT WITHOUT END
The United States government is the largest debtor in history. From all over the world, but especially from Asia, money is flowing in to buy Treasury debt. This money is from central banks, mainly – money created by government-licensed counterfeiting operations.
If this money were going into the U.S. stock market, Americans would at least be the beneficiaries of better tools of production. They would not be laying up wealth in their old age. Instead, foreign central banks would be doing that: establishing ownership of wealth-producing assets. But central bankers are not investing their own money or depositors’ money. They are investing recently counterfeited money. They buy government promises to pay. It is a gigantic con job between government-licensed counterfeiters and elected liars who know the debts will never be paid off.
You and I are caught in the middle.
Here is how the system works. Foreign central bank-produced counterfeit money is used by foreign central banks to buy Federal Reserve-produced counterfeit money, which is then used to buy a large chunk of the U.S. government’s debt. No one expects the debt to be paid off. All that anyone expects is interest payments.
there are plenty of countries around the world that run surpluses. until the financial crisis, australia was one of them. there is nothing wrong with running temporary deficits.
this also has nothing to do with central banks. if there were no central banks then the government would simply print more money by itself in order to pay for its expenditure.
you seem completely confused about how central banks work. might i recommend a class or two in economics for retards?
culorut
Wrong again, central banks create credit reserves out of thin air. This is the exact problem and if you actually understood how it worked you would not be here trying to convince others and yourself otherwise.
Some past banks actually had a backing on their notes issued, the problem is the corrupt banks like the private Federal Reserve only exist to keep the population in debt.
Move on now, stop wasting everyone's time if you know nothing about banking and more importantly the Mandrake Mechanism.
culorut
Here I will help you out a little since you clearly need an education on how it works.
The Mandrake Mechanism: An Overview
The entire function of this machine is to convert debt into money. It's just that simple. First, the Fed takes all the government bonds which the public does not buy and writes a check to Congress in exchange for them. (It acquires other debt obligations as well, but government bonds comprise most of its inventory.) There is no money to back up this check. These fiat dollars are created on the spot for that purpose. By calling those bonds "reserves," the Fed then uses them as the base for creating nine (9) additional dollars for every dollar created for the bonds themselves. The money created for the bonds is spent by the government, whereas the money created on top of those bonds is the source of all the bank loans made to the nation's businesses and individuals. The result of this process is the same as creating money on a printing press, but the illusion is based on an accounting trick rather than a printing trick.
The bottom line is that Congress and the banking cartel have entered into a partnership in which the cartel has the privilege of collecting interest on money which it creates out of nothing, a perpetual override on every American dollar that exists in the world.
Congress, on the other hand, has access to unlimited funding without having to tell the voters their taxes are being raised through the process of inflation. If you understand this paragraph, you understand the Federal Reserve System.
Now for a more detailed view. There are three general ways in which the Federal Reserve creates fiat money out of debt.
One is by making loans to the member banks through what is called the Discount Window.
The second is by purchasing Treasury bonds and other certificates of debt through what is called the Open Market Committee.
The third is by changing the so-called reserve ratio that member banks are required to hold. Each method is merely a different path to the same objective: taking IOUs and converting them into spendable money.
Lebezniatnikov
quote:
Originally posted by culorut
You cannot be ing serious........wait you actually are.
Well according to the FED's they do not know and this was aired only a month or two ago. Apparently you and the sheeple in here should go work for them since you seem to have figured it out.
:stongue: :stongue: :stongue: :stongue: :stongue:
Why do you keep posting youtube videos when you know nobody watches them? If you're not going to respond to what jerz clearly laid out for you, then I don't know what you're still doing in this thread other than laughing maniacally and using videos as stand-ins for your only argument.
pkcRAISTLIN
quote:
Originally posted by culorut
Wrong again, central banks create credit reserves out of thin air.
wrong. the treasury is the one that creates the money, through the central bank. if you removed the bank, absolutely nothing would change. grow up, go to school.
DOOMBOT
quote:
Originally posted by Lebezniatnikov
Why do you keep posting youtube videos when you know nobody watches them?
Krypton
quote:
Originally posted by culorut
The Office of the Inspector General is the FED you ing idiot. It is not just one person. They are accountable for answering where the Trillions of dollars which are missing.
:stongue:
What trillions of dollars? It's obvious you'r pulling random numbers out of your ass...;)
Krypton
quote:
Originally posted by culorut
Originally posted by ********
Nah there was a world bank then - it was called rothechild's
and that was sort of the reason..
There was no world bank in the 1800's dip.
quote:
w_ashely is correct moron. Do you even know banking history?
I do, it's just not the warped view of reality, you blindingly believe in...;)
Krypton
quote:
Originally posted by culorut
You make absolutely no ing sense what so ever. The FED is supposed to give all the money back to the US, not 10, 20 or even 60 percent.
They have to give ALL OF IT BACK minus their operation costs.
This is the way it is otherwise there would have not been the Office General being asked the question in the first place. If you actually knew what you were talking about maybe you would not post such bull.
They are 100% accountable for the money, but go ahead deny it because you are too stupid and ignorant to know anything better.
Correction, they have to give all profits minus expenses back to the treasury. Get your facts straight.
DOOMBOT
quote:
Originally posted by Krypton
Correction, they have to give all profits minus expenses back to the treasury. Get your facts straight.
Would you mind providing a link that proves your statement to be true?
