Posted on 07/27/2009 6:32:08 PM PDT by expat_panama
I’m ready to fight with you Generals Jackson, T. Jefferson, Paul.. National Banks are more dangerous than standing armies (or Democrats, really..)!
I disagree (while some may have noble..yet misguided motives), we (as humans, men are inherantly corrupt, evil, therefore without any ‘check’ on this power (or accountability/transparency) they WILL do evil, to enrich themselves are their cronies, families! Many behind the Federal Reserve I believe to be not just corrupt, not just members of an organization which is un-Constituional and ‘fleeces the people’, but crooks as well..fit only for the most maximum security prisions!!
Dollars are not created by Treasury auctions.
Aw, shucks . . . I hope your pen in the FEMA boxcar has a window.
Please enlighten us all. How, then, are dollars created?
This can be true. It could be that such auctions might be purchased by Britain, or the Chinese, or from some large institutional fund or account whose manager would prefer to hold the bonds instead of previously obtained dollars. In these cases there is no creation of new dollars, simply the transfer of existing dollars back to the US (at the price of additional US debt).
One would hope that the need for M3 under such conditions would be even more obvious.
This can be true.
Please explain when it's not true.
The simple answer is when the Fed buys them, but the issue is quite a bit more complex than that (as I've already mentioned before in this topic, I would suggest you search the web to find appropriate books and videos that describe the Fed's role, because it is more than can be adequately described in a short post).
The Fed doesn't buy Treasuries at auctions.
You've apparently not been paying attention.
You've apparently not been paying attention.
LOL! When was the last auction where the Fed participated? How much did they buy?
Ping
If it was just a matter of fabricating wealth, there would be less of an issue. They're fabricating debt and that is worse.
Audit
Eliminate
Jail the staff
You are wrong; you should try to educate yourself about how the Fed works. For example, they bought ~$122 billion in the late March auction alone.
LOL! When was the last auction where the Fed participated? How much did they buy?
So I guess that is an admission that you're not paying attention? Nice scam; hide the evidence (M3) and then claim that the since the easiest way to detect the crime is no longer available that the crime didn't happen.
Not that it matters any more, since the Fed is doing it openly now.
the fed is only “missing” 9 trillion dollars .. why bother looking? Obama can spend that in a month without ever having any one read the bills!
Thanks for the ping. Think, since I’m late to the game, I’ll sit this one out and do a little lurking.
And childish.
No, where we went wrong was your saying the Fed's logic was 'sinister' -- i.e., satanic. That's a bit of a hyperbole. I was poking fun at your blaming the devil.
Words mean things, so another thought is that while the US economy still does the work of a fourth of the world's population, it's only got a twentieth of the worlds people. Some "house of cards".
You made that up.
Maybe you're thinking of how the private banks create money out of thin air, which is true. The bank loans money so people can go from nothing to having a debt while owing cash of an equal amount. People end up with more money but not having more wealth.
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