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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 32)
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| DOOMBOT |
| quote: | Originally posted by Groundhog Boy
OK....
Actually, it's more like "go back to your 15th hour of work today," but I wouldn't expect you to understand that, what with those intense hours worked by bank tellers.
I wish OCC weren't probably doing the same so that he could actually contribute to this thread and end some of this stupidity. |
Geeze, lighten up a little. I realise that a 15 hour work day can be stressful but you seem to be taking a lot of what has been said in this thread personally... ?
:( |
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| pkcRAISTLIN |
| quote: | Originally posted by Groundhog Boy
I wish OCC weren't probably doing the same so that he could actually contribute to this thread and end some of this stupidity. |
he did that back in 2004. guess what? the idiots return yearly to argue the same damn points. |
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| Krypton |
| quote: | Originally posted by DOOMBOT
If you wouldn't mind again, point me to where exactly on that link you just gave me, that it says all profits minus expenses are going back to the treasury. I mean, I see a financial statement but I don't see that this is proving your statement true. |
Look at the income statement on the right side. At the bottom of this statement, you will see the Fed's profits, and you will also see exactly how those profits are used. Most of it is returned to the treasury. A small portion is added to surplus capital and also dividend payments. Capital surplus gains no interest, so there is no benefit to it. I don't know at the moment exactly who receives the dividend payments but that is a very small small portion of the profits anyways, so it's really moot. |
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| Groundhog Boy |
| quote: | Originally posted by DOOMBOT
Geeze, lighten up a little. I realise that a 15 hour work day can be stressful but you seem to be taking a lot of what has been said in this thread personally... ?
:( |
It's just a bit frustrating to try to take some of that "break time" to see the same thing repeated a few times on a a 40 post/page...by the same person, not quoted.
What do you want me to say? This thread was going OK and went off the deep end long ago. It's unfortunate that you have to dig through so much to find the few redeeming posts with valid points that come from both sides.
And I don't know why I'm taking it any more personal than anyone else? I'm hardly even posting. |
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| culorut |
| quote: | Originally posted by Krypton
Correction, they have to give all profits minus expenses back to the treasury. Get your facts straight. |
That is exactly what I meant, "they" being the FED have to give back all of their earnings minus expenses to the US.
Did you forget how to ing read? |
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| culorut |
Can someone answer the question on why the FED has not returned or even answered as to why they have not returned Trillions of dollars back to the US now would be a good time.
The FED owns half of the national debt, this equals roughly 1.5 Trillion dollars for the year at their average 5% interest rate. Add in their transaction fees and they easily made a profit of 2 Trillion dollars which the majority must be returned to the US minus their operating costs.
The US Treasury balance sheet shows they only returned 500 Billion as of 2008.
33 pages and counting.......stop dancing around the question already. |
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| culorut |
| quote: | | Why do you keep posting youtube videos when you know nobody watches them? |
Sorry but 837,004 views means that a hell of a lot of people are watching them. And this number accounts for only one nationally aired video on this subject. This does not include the people who watched it live or the many hundreds of other live feeds that were aired and watched by the same kind of numbers.
The numbers are in the ten's of millions easily.
Thanks but no thanks for trying. |
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| jerZ07002 |
| quote: | Originally posted by culorut
Sorry but 837,004 views means that a hell of a lot of people are watching them. And this number accounts for only one nationally aired video on this subject. This does not include the people who watched it live or the many hundreds of other live feeds that were aired and watched by the same kind of numbers.
The numbers are in the ten's of millions easily.
Thanks but no thanks for trying. |
all that means is there are around 830,000 morons and a few intelligent people who accidently stumbled to the link. |
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| jerZ07002 |
| quote: | Originally posted by culorut
Can someone answer the question on why the FED has not returned or even answered as to why they have not returned Trillions of dollars back to the US now would be a good time.
The FED owns half of the national debt, this equals roughly 1.5 Trillion dollars for the year at their average 5% interest rate. Add in their transaction fees and they easily made a profit of 2 Trillion dollars which the majority must be returned to the US minus their operating costs.
The US Treasury balance sheet shows they only returned 500 Billion as of 2008.
33 pages and counting.......stop dancing around the question already. |
where are you pulling those bull numbers? first, a few posts back i provided treasury links that shows that the fed only owns 1.111 trillion of 11 trillion of US government debt. second, the US government does not pay anywhere near 5%. It's more in the range of 3-4%.
here's the link again:
http://www.treasurydirect.gov/govt/...ddebt_may09.pdf |
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| culorut |
| quote: | Originally posted by jerZ07002
all that means is there are around 830,000 morons and a few intelligent people who accidently stumbled to the link. |
Sure what ever you say.
:stongue: :stongue: :stongue: :stongue: :stongue: |
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| culorut |
| quote: | Originally posted by jerZ07002
where are you pulling those bull numbers? first, a few posts back i provided treasury links that shows that the fed only owns 1.111 trillion of 11 trillion of US government debt. second, the US government does not pay anywhere near 5%. It's more in the range of 3-4%.
here's the link again:
http://www.treasurydirect.gov/govt/...ddebt_may09.pdf |
I already posted and explained how I came up with these numbers, which if you paid attention or actually knew simple math and central banking procedures you would of understood it by now.
Here you go, read and learn.
Firstly the national debt is around 11.5 Trillion dollars. This consists of Intragovernmental debt and Public debt.
http://en.wikipedia.org/wiki/United_States_public_debt
Out of the 5.8 Trillion dollars of Public debt, the FED's hold all of it, which is used as collateral for printing money.
Out of that 5.8 Trillion dollars, 3 Trillion is owned by foreign governments.
http://www.treas.gov/tic/mfh.txt
This means the FED's own roughly 50% of their collateral. With a money supply of 52 Trillion dollars which is created by the Mandrake Mechanism (10 x 5.8 Trillion = 58 Trillion dollars minus the actual reserves themselves because they are not counted) at a 5% interest average this would equal 1.25 Trillion dollars in interest earned each year plus their other transaction fees.
2 Trillion dollars easily, thank you very much.
Unless of course you can explain another way of how 52 Trillion is created out of thin air I challenge you to prove me wrong.
So once again the FED reported on the 2008 balance sheet that they returned 500 Billion dollars, where is the rest of the money? |
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| jerZ07002 |
| quote: | Originally posted by culorut
I already posted and explained how I came up with these numbers, which if you paid attention or actually knew simple math and central banking procedures you would of understood it by now.
Here you go, read and learn.
Firstly the national debt is around 11.5 Trillion dollars. This consists of Intragovernmental debt and Public debt.
http://en.wikipedia.org/wiki/United_States_public_debt
Out of the 5.8 Trillion dollars of Public debt, the FED's hold all of it, which is used as collateral for printing money.
Out of that 5.8 Trillion dollars, 3 Trillion is owned by foreign governments.
http://www.treas.gov/tic/mfh.txt
This means the FED's own roughly 50% of their collateral. With a money supply of 52 Trillion dollars which is created by the Mandrake Mechanism (10 x 5.8 Trillion = 58 Trillion dollars minus the actual reserves themselves because they are not counted) at a 5% interest average this would equal 1.25 Trillion dollars in interest earned each year plus their other transaction fees.
2 Trillion dollars easily, thank you very much.
Unless of course you can explain another way of how 52 Trillion is created out of thin air I challenge you to prove me wrong.
So once again the FED reported on the 2008 balance sheet that they returned 500 Billion dollars, where is the rest of the money? |
blah blah blah - read the ing official treasury reports, which directly refutes your claim. It clearly establishes that the fed owns 1.1 trillion of public debt. |
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