So What?
Is that you Hillary??? LOLOL
Posted on 12/15/2013 6:54:08 PM PST by Errant
A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed's creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed's growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Fed's creation, its 100th anniversary may come and go with only a few passing mentions.
(Excerpt) Read more at marketoracle.co.uk ...
And the loans got paid back. So what?
No, I don’t know that. He certainly makes more sense when it comes to the financial state of this nation than most.
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The fed is going to get away with the various QE’s—and there will be no problems at all. Zero zip nada.
Why not after all.
The fed created 5 trillion dollars fiat dollars ex nihilo from nothing.
Shouldn’t that collapse the value of the dollar and push the price of the gold to the moon.
Yes.
So why is neither happening. Why is the dollar tracking sideways. Why has gold been steadily fading for the last 3 years. Why are experts now saying that the moment the fed tapers and stops printing dollars—the dollar will start going up big time.
Where’s the upward pressure on the dollar coming from.
Think about.
Wait for it.
Do you understand that the fracking revolution has created something like 20-30 trillion dollars worth of wealth in the bank in the US...from NOTHING from zip zero nada. From no wealth came wealth. Same bit of dirt —just valued differntly. the oil patch created 20-30 trillion dollars worth of wealth ex nihilo from nothing just like the fed did.
The result is that the oil patch is adding something like 300 billion dollars annually to the economy or about 2% to GNP growth.
The USA is basically being re capitalized.
So What?
Is that you Hillary??? LOLOL
Interesting observation; I invite anyone doubting it to watch Ron Paul's Farewell Address.
What did the US do before the Fed? How about bank notes issued by the Treasury. Spending money into existence is no more inflationary than what we have now and it eliminates debt.
Why can’t I borrow money directly from the Fed at 0% like banks get to do? What’s the point of the middle man charging 4% on a 30 year note? That is a lot of money to process paper work.
The modern banking system needs to be dismantled.
LOL!Look at an inflation chart from 1791 to 1913 and then go to 1913 to 2012.The numbers tell the real story.
It’s mighty funny the fed can’t cough up Germanys gold and it’s funny the fed conned countries in WW2 to send their gold to the US so the fed could steal it like they did.The fed is great at one thing!STEALING!
Mostly suffered from depressions every 20 years.
Spending money into existence is no more inflationary than what we have now and it eliminates debt.
When the Fed's bond holdings mature, they can shrink the money supply by not rolling them over. They could also sell their bonds to fight inflation. How would the Treasury do that if they issued money?
Banks can't borrow at 0%.
What’s the point of the middle man charging 4% on a 30 year note?
Do you understand the difference between an overnight loan and a 30 year loan?
Let’s see, you hate states rights, love income taxes, hate tariffs and now you defend the Federal Reserve. I have nothing to ‘disgust’ with you.
Sorry if I made you cry when I pointed out your silly claim.
If you get a virtual 0% loan day after day what’s the difference?
Virtual 0%? What does that mean? Give an exact %.
That's a great question, especially considering the double digit rates the same banks charge for balances on consumer credit cards.
So how much are they borrowing at the Discount Rate?
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