[Flowerr]

Really. Wow.

Is that why our dollar is so low today?

Everyone is cheating, like in a monopoly game?

[Flowerr]

O
And why should we americans pay interest to a private bank to print our money? I never figured that one out.
when it is our money in the first place?

And tell me, why is there LATIN on our money?
No one speaks latin anymore, nobody
Nowhere and no how LATIN is not a proper language for governments.
Why is it on there.
Think about it, I ask you
WHO SPEAKS it? Hum? Eh wot? Not the Irish, not the english.
Get it off the money.


If I am elected prez, I will remove the Latin verbage from our dollars and the Library of congress will print our bills, no interest.
On the top it will say
Old world order, Nationalism Rules and Freedom for all conscience.

The gov would loan the money to the banks and charge interest, thus making money instead of spending it.



These bankers get really upset when some presidents talk about printing the government currency and cutting out the FED. I think kennedy mentioned that a few days before he retired. Lincoln was somewhat involved with that and so was Jefferson I hear.

[LastViking]

$this->bbcode_second_pass_quote('Flowerr', 'R')eally. Wow.

Is that why our dollar is so low today?

Everyone is cheating, like in a monopoly game?

[Flowerr]

U dint answer the questions.

I see, so where did the 5 billion, the 50 billion and the 500 billion loans given to the large banks defaulting come from hte last few weeks?

Did they print it or not?

[LastViking]

$this->bbcode_second_pass_quote('Flowerr', 'O')
And why should we americans pay interest to a private bank to print our money? I never figured that one out.
when it is our money in the first place?

The gov would loan the money to the banks and charge interest, thus making money instead of spending it.

[Flowerr]

and the other 33 percent?


private bank

right?

a private bank taking 33 percent of all our profits.

why?

[LastViking]

$this->bbcode_second_pass_quote('Flowerr', 'I') see, so where did the 5 billion, the 50 billion and the 500 billion loans given to the large banks defaulting come from hte last few weeks?

Did they print it or not?
Invent it?
creat it?

It was printed and manufactured and pumped into the system from what I heard.

[Flowerr]

Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (part private, part government) banking system.

Why is the private part in there?
who are these guys?

Do they own NON TRANSFERABLE STOCK in the bank?

Why?

and how much is 33 % of 45 billion dollars of interest those PRIVATE GUYS MADE off of us tax payers?
hmm?

[mattduke]

LastViking, you do not know what money is, in your heart you know that. Read this.

http://www.mises.org/money.asp

[Flowerr]

Most recently, the Fed slashed the rate 0.75% in an emergency action on January 22, 2008 to assist in reversing a significant market slide influenced by weakening international markets. The Dow Jones Industrial Average initially fell nearly 4% (465 points) at the start of trading and then rebounded to a more tolerable 1.06% (128 point) loss.


Tell me if the job of the PRIVATE FED is to control the stock market?

[Flowerr]

"the recession only became a crisis when these failures spread to New York and in particular to this building, then the headquarters of the Bank of United States. The failure of this bank had far reaching effects and need never have happened...Only a few blocks away is the Federal Reserve Bank of New York. It was here that the Bank of United States could have been saved. Indeed, the Federal Reserve System had been set up 17 years earlier precisely to prevent the worst consequences of bank failures...It was all a question of reassuring the public that they could get their money. The Federal Reserve System was there to insure that this happened by supplying cash to the banks...Why didn't this system prevent The Great Depression after 1929? Because from 1929 to 1930 after the stock market crashed, the Federal Reserve system allowed the quantity of money to decline slowly thereby throttling the monetary structure...If the Federal Reserve had stepped in, bought government securities on a large scale, provided the cash, the depositors would have found that they could've got their money and they would have stopped asking for it...Despite excellent advice from New York, the system refused to buy government bonds, something which would have provided cash to the commercial banks with which they could have met more easily the insisted demands of their depositors. Instead, believe it or not, the system stood idly by while banks crashed on all sides. As the head of one of the banks put it, the reserve system had to keep its powder dry for a real emergency."

Having the power and doing nothing on purpose and being private? Could there have been a motive?

afterwards it was noted the mankers CLEANED UP on farms, and land and houses, became very rich.

[CrudeAwakening]

$this->bbcode_second_pass_quote('LastViking', ' ')The Fed & Treasury have to borrow money just like everyone else.

[Flowerr]

The Federal Reserve is an unnecessary and counterproductive interference in the economy. The centralized banking system is doomed to fail (due to the fractional reserve system's pyramid scheme scam). The Fed lacks accountability and transparency and there is a culture of secrecy within the Reserve.

The Federal Reserve System’s expansionary monetary policy in the 1920s, allowed misallocations of capital resources and supported a massive stock price bubble. Also, politically motivated expansions or tightening of currency in the 1970s and 1980s. Prove favoritism in developing government control.

[MrBill]

$this->bbcode_second_pass_quote('BigTex', 'N')EW QUESTION:

If money supply is growing at the same rate as GDP, it is not supposed to be inflationary (I think I have that right).

So when the economy slows down, we inject liquidity to soften the slowdown, but now the money supply is growing faster while the rate of GDP is slowing--isn't this inherently inflationary?

When I think of recession, I think of prices being lower to induce spending by frightened consumers. I always think of rising prices in a recession as stagflation, but if my analysis above is correct EVERY recessionary period should involve stagflation if additional liquidity is being injected to stimulate the economy.

OTOH, when the economy is expanding quickly we reign in the money supply, but one of the symptoms of a hot economy is rising wages, which are viewed as inflationary. But how can mere wage growth be inflationary if the money supply is not expanding?

[Flowerr]

Only
the hundred dollars you lost is now in circulation being spent elsewhere and elsewhom. The total circulation is elseby increased.

Printing money to make up losses still allows the "lost" money (in the pockets of the serf) to circulate also.

Within last two months them guys printed up 5 billion, then 50 billion then 500 billion to make up loan losses, and I didn't get any of it.

I mean, I could circulate the money as well as them, right? give me a billion with instructions to spend it, and the stores in my area would profit and thrive. WHY NOT?

Why not me instead of the rich weasels?


Cause they are nepotists.
There exists only 875 billion dollars in cash circulating around in vortex pools in the whole world, ( that is 9 million piles of 100 thousand dollars .the rest is just computer numbers and IOU's which also functions as money, some banks trade with IOUs, so in effect there is lots of money and more coming daily.
Just wait tilll they go digital. they will be able to invent money in the computer and take yours away at will.

injecting that much money might drop the dollar value.O

O
the dollar is about 70 percent of the euro now.

Running the worlds money supply is not so much what you do, it is who you know. The system basically corrects itself, and it takes a lot of manipulation to crash it, but boy they are trying.

I

[MrBill]

$this->bbcode_second_pass_quote('CrudeAwakening', '')$this->bbcode_second_pass_quote('LastViking', ' ')The Fed & Treasury have to borrow money just like everyone else.

[Flowerr]

aha!

if the FED only can create money

and when they do it they charge interest, you cannot pay back more than is made unless it is made some other way, or the money supply will contract and cause a 1929 problem.

so you have to expand the money supply, or print faster than you have to pay back interest or at least print some free mooney which is what they did 2 months ago to the tune of 555 billion.

like the last three months when they replaced the LOST 5, 50 and 500 billion in loan defaults.

they printed without collecting interest on the other prior lost (in circulation) bills

so they efectively double the money supply without charging interet.

common sens that if I printed 100 dollars and charged you 5 % you have to pay back 105.

the five had to be printed interest free in ordedr to use it to pay it off

UNLESS they print faster than the loans come due like happened in the correction where they are replacing now th 5 50 and 500 billion

basically a free printoff.

Now I see it.

If you make the story complex enough, they can't arrest you.

that is how the Fed stays out of jail.


and FINALLY, why would Ruthlesschild say:
"If I control the money supply, I care not who makes the laws"

why would he say that if ultimately he did not make theFED a planned method to control the money supply and the country?


Hmmm?

[MrBill]

Sorry Flower, my friend, we have been over this ground many times already on peak oil dot com, and I simply do not feel compelled to go through it, yet, again. Read the link I attached from the Chicago Fed. If you have any specific questions then please let me know? Thanks.

UPDATE: ACU - Anti-american Currency Unit

[CrudeAwakening]

Hi, MrBill Sorry, I didn't mean to reopen this old can o' worms..I guess it comes down to what you are willing to define as “money”.

$this->bbcode_second_pass_quote('MrBill', '
')Only the Treasury, and its agent the Mint, can create money. The Fed lends money it borrows from the Treasury.

[MrBill]

Actually, I went back and re-read all the older posts and I saw your definition there. Sorry, did not mean to re-define it either. I think we are on the same page. I mean, yes, literally money is created out of thin air. Just like a stock certificate is drafted to represent partial ownership of a public company or a title deed confers ownership over a piece of land. Also just pieces of paper.

Sovereignage is the government's privilege to issue its own currency, which is a call on all the countries assets. Just like if I write a cheque I create a liability to pay the bearer on demand. Whether that IOU is of any value depends critically on whether I have any money in my bank account or in the case of the government whether I can exchange their scrip for real goods and services.