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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 43)
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| pkcRAISTLIN |
| is there a point you wish to discuss ashley, or are did you just want to post massive walls of text? |
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| Krypton |
| quote: | Originally posted by ********
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LOL! So you'r pissed bankers and work at the central bank. So maybe doctors shouldn't work in hospitals too! |
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| Krypton |
| quote: | Originally posted by ********
It's funny you'd interperet my post as being interpereted as being pissed with bankers, as it was posted from the federal reserve website. |
It's obvious you have something against bankers and capitalists. Since your previous post bitched about how bankers work at the Fed. Well, no duh, do you want colorut on Fed Board?:rolleyes: |
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| jerZ07002 |
| quote: | Originally posted by culorut
And someone that knows how to read would understand that I specifically said.....
You should go join Krypto and take reading classes, either that or both of you are way over your heads and must be fuking dizzy.
So to re-cap I said they own shares of member banks, exactly where did I say they are a bank? Would you not think I would have placed the word "bank" beside the Lehman brothers just like everyone else in that list.
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k - i re-read your post and it appears that is what you said. if you weren't so delusional in your other posts perhaps people wouldn't gloss over your posts. i just saw keywords, "lehman brothers" and "member banks". i admit i didn't read it thoroughly, but that's because in real life people have to evaluate the cost/benefit of everything, and the benefit of reading your posts doesn't reward someone for the opportunity costs of reading the posts. |
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| Krypton |
| quote: | Originally posted by jerZ07002
k - i re-read your post and it appears that is what you said. if you weren't so delusional in your other posts perhaps people wouldn't gloss over your posts. i just saw keywords, "lehman brothers" and "member banks". i admit i didn't read it thoroughly, but that's because in real life people have to evaluate the cost/benefit of everything, and the benefit of reading your posts doesn't reward someone for the opportunity costs of reading the posts. |
Colorut probably doesn't even know what an opportunity cost is...:rolleyes: |
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| Moongoose |
| quote: | Originally posted by Krypton
Colorut probably doesn't even know what an opportunity cost is...:rolleyes: |
Such a shame as well. And I even found him a video version of an economics textbook since he learns everything he knows from videos... perhaps my fault lies in not putting it on youtube, but just referring to the site where he can download it from. |
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| culorut |
| quote: | Originally posted by Krypton
We proved you don't know what "Intragovernmental" means. Once again twisting the truth to fit your warped view of the world. |
No I just had to two reversed, Public and Intragovernmental debt that is. And yes I pointed out from the start that the FED owns roughly 1.5 Trillion in US Treasury bonds from Intragovernmental Debt. This is why I posted up what percentage of foreign countries own US Treasuries, further below is the same link I posted 30 pages ago. When it comes down to it you guys are only showing a percentage of what the FEDS are actually using as collateral to issue credit or debt.
http://www.treas.gov/tic/mfh.txt
The Public debt is estimated to be approx 6.5 Trillion by the end of 2009 which the FED uses as a whole figure as a backing to issue credit on (multiplied by 10 because of fractional banking).
Based on what you guys are saying there should only be 15 Trillion in monetary supply because you are only reporting the 1.5 Trillion which they hold in Intragovernmental debt.
There is approx 115 Trillion dollars of monetary supply (Fed notes, T Bills, loans, air credit, etc) as of 2009 in the world from the USA's piece of pie alone as we speak, half of this amount is directly accounted for by the FEDERAL RESERVE.
Please explain how this monetary supply of 50 Trillion exists on just 1.5 Trillion of T-Bonds if the FEDERAL RESERVE is not creating it?
Have fun retards. |
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| culorut |
| quote: | Originally posted by Moongoose
Such a shame as well. And I even found him a video version of an economics textbook since he learns everything he knows from videos... perhaps my fault lies in not putting it on youtube, but just referring to the site where he can download it from. |
Actually what is such a shame is most of you do not understand where all this money (50 Trillion) is contributed from and the interest you and your children and their future children will never to able to pay the FEDS back.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
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| culorut |
| quote: | Originally posted by jerZ07002
k - i re-read your post and it appears that is what you said. if you weren't so delusional in your other posts perhaps people wouldn't gloss over your posts. i just saw keywords, "lehman brothers" and "member banks". i admit i didn't read it thoroughly, but that's because in real life people have to evaluate the cost/benefit of everything, and the benefit of reading your posts doesn't reward someone for the opportunity costs of reading the posts. |
Then do not jump to conclusions. I could care less about what you think I am saying and what I am really saying.
You and your friends still have not explained why there is 115 Trillion dollars of monetary supply based on only 1.5 Trillion of T-bonds the FEDS own.
Who's creating all this credit,air money, etc...
Answer the question already. |
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| culorut |
| quote: | Originally posted by ********
Would you say these people have an influential role in the federal reserve system?
James Dimon (serves on the Board of Directors of The Federal Reserve Bank of New York, AND Chairman of the Board and Chief Executive Officer of JPMorgan Chase.)
continue with the rest.
William T. Winters
William B. Harrison, Jr.
Charles W. Scharf
Steven D. Black
Do this for every bank in america.
Note the New York branch is the "Hub branch weilding the most historical influence with special roles."
Here is the current board roster
Richard L. Carrión (bio) 2010
Chief Executive Officer and Chairman
Banco Popular de Puerto Rico
Charles V. Wait (bio) 2011
President, Chief Executive Officer and Chairman of the Board
The Adirondack Trust Company
Jamie Dimon (bio) 2009
Chairman of the Board and Chief Executive Officer
JPMorgan Chase
Class B elected by member banks to represent the public
Jeffrey R. Immelt (bio) 2011
Chairman and Chief Executive Officer
General Electric Company
Vacant
Vacant
Class C appointed by Board of Governors to represent the public
Lee C. Bollinger (bio) 2009
President
Columbia University
Denis M. Hughes (bio) Acting Chair, 2011
President
New York State AFL-CIO
Vacant
-=----\
The banks elect class A (banks) and B (public) directors from among the banks
While the directors elect class c directors from the System's Board of Governors in Washington to represent the public
Then the board of govenors elected by the president and congress can impeech directors of the regional banks for reason
Directors cannot be members of Congress
Class B and Class C directors cannot be officers, directors, or employees of a bank.
Class C directors cannot own stock in a bank
Directors NON POLITICAL (directors are also expected to avoid participation in partisan political activities)
For purposes of electing directors, District member banks are grouped by amount of capital into three categories—small, medium, and large. Each group of banks elects one class A and one class B director.
Reserve Bank—assigned by the Federal Reserve Act—to making recommendations on monetary policy.
Annually, the directors appoint the District's representative to the Federal Advisory Council, which confers four times a year with the Board of Governors on business conditions and makes recommendations on issues affecting the System
The Federal Reserve Act also requires directors to set the Bank's discount rate every two weeks, subject to approval by the Board of Governors in Washington. The discount rate is the interest rate depository institutions pay when borrowing from the Reserve Banks. By raising or lowering the rate, the System can influence the cost and availability of money and credit.
Govenors hold 14-year terms of office.
The President designates, and the Senate confirms
Only 1 govenor may come from each district (5 districts unrepresented?) (from the area may mean have lived there for two years)
The seven Board members constitute a majority of the 12-member Federal Open Market Committee (FOMC), cost and availability of money and credit in the economy. The other five members of the FOMC are Reserve Bank presidents
one of whom is the president of the Federal Reserve Bank of New York. The other Bank presidents serve one-year terms on a rotating basis
By statute the FOMC determines its own organization, and by tradition it elects the Chairman of the Board of Governors as its Chairman and the President of the New York Bank as its Vice Chairman
Reserve Banks for discount rate policy. (approved from regions)
regulatory and supervisory responsibilities over banks that are members of the System, bank holding companies, international banking facilities in the United States, Edge Act and agreement corporations, foreign activities of member banks, and the U.S. activities of foreign-owned banks
Under the sunshine act: The Sunshine Act provides, with ten specified exemptions, that 'every portion of every meeting of an agency shall be open to public observation - wanna see it go and see it.
unless the Feds meetings relate to:
information relating to national defense,
related solely to internal personnel rules and practices,
related to accusing a person of a crime,
related to information where disclosure would constitute a breach of privacy,
related to investigatory records where the information would harm the proceedings,
related to information which would lead to financial speculation or endanger the stability of any financial institution, and
related to the agency's participation in legal proceedings.
members of the Board routinely confer with officials of other government agencies, representatives of banking industry groups, officials of the central banks of other countries, members of Congress and academicians. For example, they meet frequently with Treasury officials and the Council of Economic Advisers to help evaluate the economic climate and to discuss objectives for the nation's economy. Governors also discuss the international monetary system with central bankers of other countries and are in close contact with the heads of the U.S. agencies that make foreign loans and conduct foreign financial transactions. |
Don't bother ********, they are just going to point to links on the FED's website and claim they are honest because they only "report" that they own 1.5 in T-Bonds.
They do not even know how much debt the USA is really in, never mind the fact that private bankers own and control the FED through member bank shares. |
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| Krypton |
| quote: | Originally posted by culorut
No I just had to two reversed, Public and Intragovernmental debt that is. And yes I pointed out from the start that the FED owns roughly 1.5 Trillion in US Treasury bonds from Intragovernmental Debt. This is why I posted up what percentage of foreign countries own US Treasuries, further below is the same link I posted 30 pages ago. When it comes down to it you guys are only showing a percentage of what the FEDS are actually using as collateral to issue credit or debt.
http://www.treas.gov/tic/mfh.txt
The Public debt is estimated to be approx 6.5 Trillion by the end of 2009 which the FED uses as a whole figure as a backing to issue credit on (multiplied by 10 because of fractional banking).
Based on what you guys are saying there should only be 15 Trillion in monetary supply because you are only reporting the 1.5 Trillion which they hold in Intragovernmental debt.
There is approx 115 Trillion dollars of monetary supply (Fed notes, T Bills, loans, air credit, etc) as of 2009 in the world from the USA's piece of pie alone as we speak, half of this amount is directly accounted for by the FEDERAL RESERVE.
Please explain how this monetary supply of 50 Trillion exists on just 1.5 Trillion of T-Bonds if the FEDERAL RESERVE is not creating it?
Have fun retards. |
Interesting how you end every post with an insult. It reeks of "don't pay attention to anything I just said." |
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| jerZ07002 |
| quote: | Originally posted by culorut
Then do not jump to conclusions. I could care less about what you think I am saying and what I am really saying.
You and your friends still have not explained why there is 115 Trillion dollars of monetary supply based on only 1.5 Trillion of T-bonds the FEDS own.
Who's creating all this credit,air money, etc...
Answer the question already. |
it seems like the money supply is an amorphous amount. at first, you said 50, i believe, now it's 115 trillion. noone can answer the question when it keeps changing. |
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