|
HR 1207 : Federal Reserve Transparency Act 2009 (pg. 41)
|
View this Thread in Original format
| atbell |
Wow, it's been a while since everyone came together on one side.
culorut I think you can fairly say you're a uniter. |
|
|
| culorut |
| quote: | Originally posted by atbell
Wow, it's been a while since everyone came together on one side.
culorut I think you can fairly say you're a uniter. |
LOL, call it what ever you want. The sheep so far have not proved me wrong. They have only pointed out that the FED owns 1.5 Trillion dollars in US Treasaury bills/bonds of the Public debt which is correct but fail to realize they hold all of the Public debt and use all of it as a whole for collateral to print money. Fiat money that is.
Forty somewhat pages and counting.......
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
|
|
| culorut |
| quote: | Originally posted by pkcRAISTLIN
no, but you do. |
And you do not have a clue as to how the banking system works. Nor do you know how much monetary supply is in circulation or how much the FED uses as collateral to print money and lend out with interest to morons like yourself through their member banks.
Thanks for coming out KFC, you can keep posting video's of cartoons with your troll friend Krypto and continue cheer leading together.
:stongue: :stongue: :stongue: :stongue: :stongue: |
|
|
| Lebezniatnikov |
| quote: | Originally posted by culorut
They have only pointed out that the FED owns 1.5 Trillion dollars in US Treasaury bills/bonds of the Public debt which is correct but fail to realize they hold all of the Public debt |
:stongue: |
|
|
| culorut |
Just to confirm again that the FED does create 10 times of what they really hold (all of the Public debt) because of fractional banking and no one has proved me wrong.....
Reserve Requirements
http://www.federalreserve.gov/monet.../reservereq.htm
If you read that correctly and understand it this means the following,
Let's say the government needs 1 Billion dollars to spend on something, this can be medical, pensions, corrupt bank bail outs or what ever you want to make up.
Since the government does not actually have this money (because it is in debt) and since congress has (unconstitutionally) removed their power to "create" it and given it to the FED's (1913) they now have to get this 1 Billion dollars from the FEDS with interest.
Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done.
The 1 Billion dollars of Federal reserve notes are given to the government and they now can spend it on what ever bull they asked for it in the first place.
The result is the American public has to pay interest on the 1 Billion dollars of federal reserve notes but the FED also uses the 1 Billion in US Treasury Bonds as reserve to create more air money which it loans to it's member banks which they loan to people and businesses.
So far the trade off was 1 Billion dollars of FED money on loan to the government from the FEDS and the FEDS made 1 Billion in US Treasuary Bonds plus the ability to create more air money or credit on these same Bonds. The amount of credit the FEDS make out of 1 Billion Treasury Bonds is equal to 10 Billion dollars because of fractional reserve banking. They only have to keep 10% reserve on their holdings to create more air money/credit. If you do not understand this go back and re-read the first link at the top which I posted "Reserve Requirements".
The FED now made interest on 10 Billion dollars of created air money through it's member banks that do not have to turn over their profits to the government. I will state again the member banks are the FED because of the foreign private share holders who own the member banks which in turn controls the FED.
The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged).
Rothschild Bank of London
Rothschild Bank of Berlin
Lazard Brothers of Paris
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Israel Moses Seif Banks of Italy
Kuhn Loeb Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Chase Manhattan Bank of New York
^^^
That's some very heavy pull from the private shareholders of the "member banks" which own stock of the FED Bank of New York who controls the rest of the FED Banks other 11 Districts would you not say?
Anyone care to prove me wrong? LOL. |
|
|
| Krypton |
| quote: | Originally posted by culorut
LOL, call it what ever you want. The sheep so far have not proved me wrong. They have only pointed out that the FED owns 1.5 Trillion dollars in US Treasaury bills/bonds of the Public debt which is correct but fail to realize they hold all of the Public debt and use all of it as a whole for collateral to print money. Fiat money that is.
Forty somewhat pages and counting.......
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
The Federal Reserve does not print money. Once again, your facts are wrong.
http://en.wikipedia.org/wiki/Bureau...ng_and_Printing |
|
|
| culorut |
| quote: | | Originally posted by culorut Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done. |
Can you read stupid? |
|
|
| Krypton |
| quote: | Originally posted by culorut
Can you read stupid? |
Can you get your facts straight? |
|
|
| culorut |
Pay back is a bitch motherfuker but you deserve it for that last post and quite a few others.
:stongue: :stongue: :stongue: :stongue: :stongue: |
|
|
| culorut |
| quote: | Originally posted by Krypton
Can you get your facts straight? |
I do have them straight, you just cannot read nor understand any of it which begs the question...why are you debating on a topic you know fuk all about?
:stongue: :stongue: :stongue: :stongue: |
|
|
| Krypton |
| quote: | Originally posted by culorut
I do have them straight, you just cannot read nor understand any of it which begs the question...why are you debating on a topic you know fuk all about?
:stongue: :stongue: :stongue: :stongue: |
You'r facts are as straight as a circle..;) |
|
|
| culorut |
Wrong, they are dam straight to me. You just cannot read properly.
| quote: | Originally posted by culorut
Just to confirm again that the FED does create 10 times of what they really hold (all of the Public debt) because of fractional banking and no one has proved me wrong.....
Reserve Requirements
http://www.federalreserve.gov/monet.../reservereq.htm
If you read that correctly and understand it this means the following,
Let's say the government needs 1 Billion dollars to spend on something, this can be medical, pensions, corrupt bank bail outs or what ever you want to make up.
Since the government does not actually have this money (because it is in debt) and since congress has (unconstitutionally) removed their power to "create" it and given it to the FED's (1913) they now have to get this 1 Billion dollars from the FEDS with interest.
Congress authorizes the Treasury Department to print 1 Billion in US Treasury Bonds which are exchanged to the FEDS for 1 Billion of FED money (air money). The FEDS actually tell the US Treasury to have the Bureau of Engraving and Printing to print these federal reserve notes because they now own the US Treasury Bonds which they received from Congress/US Treasury and get to keep them after all is said and done.
The 1 Billion dollars of Federal reserve notes are given to the government and they now can spend it on what ever bull they asked for it in the first place.
The result is the American public has to pay interest on the 1 Billion dollars of federal reserve notes but the FED also uses the 1 Billion in US Treasury Bonds as reserve to create more air money which it loans to it's member banks which they loan to people and businesses.
So far the trade off was 1 Billion dollars of FED money on loan to the government from the FEDS and the FEDS made 1 Billion in US Treasuary Bonds plus the ability to create more air money or credit on these same Bonds. The amount of credit the FEDS make out of 1 Billion Treasury Bonds is equal to 10 Billion dollars because of fractional reserve banking. They only have to keep 10% reserve on their holdings to create more air money/credit. If you do not understand this go back and re-read the first link at the top which I posted "Reserve Requirements".
The FED now made interest on 10 Billion dollars of created air money through it's member banks that do not have to turn over their profits to the government. I will state again the member banks are the FED because of the foreign private share holders who own the member banks which in turn controls the FED.
The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged).
Rothschild Bank of London
Rothschild Bank of Berlin
Lazard Brothers of Paris
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Israel Moses Seif Banks of Italy
Kuhn Loeb Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Chase Manhattan Bank of New York
^^^
That's some very heavy pull from the private shareholders of the "member banks" which own stock of the FED Bank of New York who controls the rest of the FED Banks other 11 Districts would you not say?
Anyone care to prove me wrong? LOL. |
For someone who claims to work in the financial industry you sure do not know much about it that's for sure.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
|
|
|
|
