Dominionist Governor Rick Perry Acknowledges Abuse of Power Allowing Austin to Secede from Texas

[eagle1462010]

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

You keep saying they don't pocket the money, and that they give it all back anyway so why charge a 6% fee at all if they are going to give it back. They don't. They keep that profit unless you believe they are so nice that they just return it all and say to the Treasury they are just keeping it safe for the Fed................

So, according to the last site listed they include the payments as an expense of doing business.........So they keep the 6%..........

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

Does the FBI make a profit? Then why do they do it at all?

so why charge a 6% fee at all if they are going to give it back.

Where do you think the Fed charges a 6% fee?

I quoted it already in two different articles. Stock holders of the Fed can charge dividend fees of 6%. It's in the Federal Reserve Act, and shown on the other articles posted. Again using Fractional Banking that you know damn well exists.....................I've shown you the Federal Reserve saying the same in the past.

The Fed has STOCK HOLDERS who are not part of the Gov't...........They get paid when they create the loans to buy the bonds and as one article has said it's CALLED EXPENSES.................

Why the fuck do we need the damn Federal Reserve at all......................End it and let the Treasury do the whole damn thing as the CONSTITUTION STATES..............Since they give it all back according to you they should be HAPPY to give it back.................

They don't make squat according to you...........And if a frog had wings he wouldn't bumb his butt when he jumped................The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders when to leave so they can reap the benifits of a crash.................It's all BS........

Abolish the Federal Reserve

They manipulate and then fuck the nation. They are parasites, and if you agree with them then you are included.

 

[eagle1462010]

The FBI............LOL What a comparison.........................The Stock holders of the Federal Reserve do it only because they have free coffee at the offices............That's the only reason they do it.................

BTW........how much did Gietner or however you spell that little nerd make while working for free at the Fed..................Your smoke screen is BS.

 

[RKMBrown]

I understand what you are saying, but the churn and the bubble was orchestrated by the lenders not the borrower. And it was against the law, according to eh 1989 FIRREA Act, which Bush never enforced. Don't vote me down on the disagree to deflect blame. Some say the Madoff investors should have know better, but they had no criminal liability, or even civil liability. Same with the housing bubble. The fault was with the creators of the system, the lenders. and their Fed handlers.

I believe you are mixing blame and pointing fingers.

It's the job of the lenders to sell their instruments, high and low risk. It's the job of the government to make sure the instruments are not being mixed, by calling high risk bond investments low risk bond investments.

Congress was in charge of financial institution regulatory enforcement not the president.

Like I said, Bush didn't enforce the law, the 1989 FIRREA Act. It is not the job of the lenders to rape the American people. The FIRREA Act said you cannot loan to someone who cannot reasonably pay it back. All the liar loans for the masses were in violation of that law. But the lenders have a duty to try to follow the law and they did not.

Clearly it is the job of the borrower to manage his risk.

Clearly it is the job of the lenders to sell their instruments, high and low risk and manage those.

Still more clearly, it is the job of the government to make sure instruments are not being mixed illegally, by calling high risk bond investments low risk bond investments.

Congress was in charge of financial institution regulatory enforcement not the president.

Still more particularly on NUMEROUS OCCASIONS Barney Frank scoffed at republicans and blocked them from enforcing the regulations. IT WAS BARNEY FRANK A DEMOCRAT who was in charge of the congressional committee charged with said regulatory enforcement. NOT THE PRESIDENT

Congress is not in charge of the banks. The SEC, an administrative agency and the Fed, a private bank, are in charge. You don't understand. The housing bubble was over many nations. The private banks were in on it. And the public CRA was only a blip on the radar. Look at this chart, the most important chart of the housing bubble. Look at what happened Circa 2003 and the private sector took the bubble over and made it worse. This is a Fed chart: Examples of Globalization Housing Bubble s Most Important Chart

Barney Frank didn't make the bulk of the housing bubble, which was not based on public pools of money, as the chart shows. The bulk of the housing bubble was based on private money. And based on bogus AAA ratings.

Huh? Yes Congress is in charge.

The United States House Committee on Financial Services (also referred to as the House Banking Committee) is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. The Committee also oversees the work of the Federal Reserve, the United States Department of the Treasury, the U.S. Securities and Exchange Commission, and other financial services regulators.

This committee was headed by Barney Frank.

 

[Toddsterpatriot]

FAQs

Here is the trick. Take, for example, a year like this year in which the government runs a $400 billion dollar deficit. The Treasury Department has to sell $400 billion in US Treasury bills, bonds and notes (government IOUs) to buyers at a rate of interest sufficient to attract their money (and beat the interest competition of other banks’ CDs and other governments’ bills, bonds and notes). To avoid a credit squeeze, the Federal Reserve System Open Market Committee in Washington directs the NY Federal Reserve Bank to purchase roughly 10% of that total (or $40 billion in our example) in existing US bills, bonds, and notes from the current holders. To pay for them it creates the $40 billion out of nothing, merely with keystrokes on a computer. Through more keystrokes, this new $40 billion is deposited into the banks of the various bill, bond, and note sellers, thereby increasing the reserves of those banks by $40 billion.

Pursuant to the Federal Reserve Act of 1913 those banks must keep only 10% of those new deposits on “reserve.” (Because these banks do not have to keep 100% on reserve, this banking system is called a “fractional reserve” system.). So of the $40 billion deposited, the banks must keep 10% on reserve ($4 billion) and may loan out $36 billion (90%), for business loans, mortgages, credit card loans, to purchase government bonds – for whatever borrowers want. Those loans (and payments) are in turn deposited in banks (very few folks put their money in mattresses). So of the $36 billion loaned out and then re-deposited, the banks receiving the new deposits can then loan out 90% or $32.4 billion, retaining 10% or $3.6 billion as reserves.

Banks repeat this redeposit-reloan process, reduced 10% each time, until the 10% reserves retained have reduced the funds available for loan to zero. This cunning process allows the banks to create out of nothing nine times the original $40 billion in new deposits received from the Federal Reserve (the “Fed”), or $360 billion dollars. This total is concealed from the public by the only partial expansion of the loan total at each repetitive step.

We can easily see that even by the second re-loan step mentioned above, the banks have loaned out $68.4 billion based on the original $40 billion deposited. The end result of the process is that the banks receiving the deposits and re-deposits collectively have loaned out $360 billion dollars, which they created out of nothing, and have retained $40 billion in reserve. The Fed created the first $40 billion, the banks $360 billion, equaling $400 billion dollars. Thus the credit markets are stabilized even though the US government has borrowed $400 billion.

But notice, the Fed only created the initial 10% ($40 billion). Privately owned banks created 90% ($360 billion) out of nothing, and loaned it out at interest. At even 6% that is $21.6 billion dollars per year in interest. Some of this profit goes to the private stockholders of the banks. However, the banks conceal much of this vast profit from the public as undistributed or retained earnings. Five banks hold over 50% of all deposits in the United States. This means that in a year with a $400 billion deficit (such as FY 2007-2008), those five banks will receive over 50% of approximately 6% interest on the newly created $360 billion: over $10 billion per year, from now on, for creating money out of nothing. This is profoundly unjust, and dangerous to any government, especially in a country that prides itself on being a democracy.

Privately owned banks created 90% ($360 billion) out of nothing,

That's silly. Privately owned banks made $360 billion in loans out of $400 billion in deposits.

At even 6% that is $21.6 billion dollars per year in interest.

How much are they paying on the $400 billion in deposits?

This means that in a year with a $400 billion deficit (such as FY 2007-2008), those five banks will receive over 50% of approximately 6% interest on the newly created $360 billion

Why would they receive 6% interest, when 10 Year Treasury Bonds yield less than 2.5%? The 30 year, a bit more than 3%.

This is profoundly unjust, and dangerous to any government,

I agree, this much ignorance is dangerous to our government.

 

[Toddsterpatriot]

The FBI............LOL What a comparison.........................The Stock holders of the Federal Reserve do it only because they have free coffee at the offices............That's the only reason they do it.................

BTW........how much did Gietner or however you spell that little nerd make while working for free at the Fed..................Your smoke screen is BS.

The stockholders do it because they have to buy shares to be Fed members.
Those "shareholders" got $1.6 billion in dividends last year.
The Treasury (the real owner) got $89 billion in "dividends" from the Fed last year.
Damn, those greedy private owners got screwed.

 

[RKMBrown]

 

[RKMBrown]

I think Ron Paul explained it best.

 

[Toddsterpatriot]

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

You keep saying they don't pocket the money, and that they give it all back anyway so why charge a 6% fee at all if they are going to give it back. They don't. They keep that profit unless you believe they are so nice that they just return it all and say to the Treasury they are just keeping it safe for the Fed................

So, according to the last site listed they include the payments as an expense of doing business.........So they keep the 6%..........

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

Does the FBI make a profit? Then why do they do it at all?

so why charge a 6% fee at all if they are going to give it back.

Where do you think the Fed charges a 6% fee?

I quoted it already in two different articles. Stock holders of the Fed can charge dividend fees of 6%. It's in the Federal Reserve Act, and shown on the other articles posted. Again using Fractional Banking that you know damn well exists.....................I've shown you the Federal Reserve saying the same in the past.

The Fed has STOCK HOLDERS who are not part of the Gov't...........They get paid when they create the loans to buy the bonds and as one article has said it's CALLED EXPENSES.................

Why the fuck do we need the damn Federal Reserve at all......................End it and let the Treasury do the whole damn thing as the CONSTITUTION STATES..............Since they give it all back according to you they should be HAPPY to give it back.................

They don't make squat according to you...........And if a frog had wings he wouldn't bumb his butt when he jumped................The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders when to leave so they can reap the benifits of a crash.................It's all BS........

Abolish the Federal Reserve

They manipulate and then fuck the nation. They are parasites, and if you agree with them then you are included.

Stock holders of the Fed can charge dividend fees of 6%.

They get 6% of the capital they paid in, not 6% of all outstanding debt.

The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders

LOL! The Fed doesn't buy stocks.

 

[eagle1462010]

h
ttp://FRB H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday August 28 2014

Table 9...........Liabilities and Dividends............4,927 million or 4.9 Billion

note 17.........Maiden Lane LLC liabilities in the 2008 buyouts of AIG etc.......... Table 8.......Other liabilities and accrued dividends16 6.638 BILLION................. 34 million change in a week............... Between the two..........comes to 11.5 Billion How much of that is liability and how much is DIVIDENDS...........

[TBODY] [/TBODY]

One table shows 1.7 Billion in a year, while the other shows 6.638 BILLION

Where does it I'd the stock portion of the Dividends???????? Is it Table 8 or Table 9 or both?????????

From the Balance sheet.

 

[eagle1462010]

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

You keep saying they don't pocket the money, and that they give it all back anyway so why charge a 6% fee at all if they are going to give it back. They don't. They keep that profit unless you believe they are so nice that they just return it all and say to the Treasury they are just keeping it safe for the Fed................

So, according to the last site listed they include the payments as an expense of doing business.........So they keep the 6%..........

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

Does the FBI make a profit? Then why do they do it at all?

so why charge a 6% fee at all if they are going to give it back.

Where do you think the Fed charges a 6% fee?

I quoted it already in two different articles. Stock holders of the Fed can charge dividend fees of 6%. It's in the Federal Reserve Act, and shown on the other articles posted. Again using Fractional Banking that you know damn well exists.....................I've shown you the Federal Reserve saying the same in the past.

The Fed has STOCK HOLDERS who are not part of the Gov't...........They get paid when they create the loans to buy the bonds and as one article has said it's CALLED EXPENSES.................

Why the fuck do we need the damn Federal Reserve at all......................End it and let the Treasury do the whole damn thing as the CONSTITUTION STATES..............Since they give it all back according to you they should be HAPPY to give it back.................

They don't make squat according to you...........And if a frog had wings he wouldn't bumb his butt when he jumped................The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders when to leave so they can reap the benifits of a crash.................It's all BS........

Abolish the Federal Reserve

They manipulate and then fuck the nation. They are parasites, and if you agree with them then you are included.

Stock holders of the Fed can charge dividend fees of 6%.

They get 6% of the capital they paid in, not 6% of all outstanding debt.

The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders

LOL! The Fed doesn't buy stocks.

No, it just loans money to other banks that buy stocks, and one of the sites already posted said member banks get stocks for Dividend payments...............

 

[eagle1462010]

Todd is correct on the dividend share..............Table 8 net change from the Balance sheet for the current year is at 1.746 Billion

FRB Fed s balance sheet - Credit and Liquidity Programs and the Balance Sheet
Explains table 8

Also on the second page are the capital accounts of the Federal Reserve. Each member bank of the Federal Reserve is required, by law, to subscribe to shares of its local Reserve Bank in an amount equal to 6 percent of its own paid-in capital and surplus. The member bank receives a statutory 6 percent dividend on these shares from the Reserve Bank. Of the capital requirement for member banks, half must be paid to the Federal Reserve and half remains subject to call by the Board of Governors. After expenses are paid, Reserve Banks are required by law to pay net earnings into surplus so that surplus equals the amount of capital paid in. Earnings by the Reserve Banks in excess of the amount needed to equate surplus with capital paid in are remitted to the Treasury. The weekly payment to the Treasury is therefore affected by changes in the value of the Federal Reserve's assets and liabilities, including those associated with the new lending facilities. The Federal Reserve's Annual Report presents the annual payment to the Treasury as "Payments to U.S. Treasury (interest on Federal Reserve notes)." Statistical table 10 in that report provides the payment by Federal Reserve Bank, and table 11 presents historical data on the payment.

 

[Youch]

Examples of Globalization Dominionist Governor Rick Perry Acknowledges Abuse of Power Allowing Austin to Secede from Texas
...Perry felt that the dark rims would make him look a little smarter, noting that "Russell Westbrook looks like a genius and our state is proud of the OKC Thunder and the attention that team brings to Texas."

Perry made no claims that the rims would make him look that much smarter as he feels he has gotten away with sub average intelligence for years, relying on red neck idiots to keep him in power. He acknowledges that he is smarter than they are and that is all that matters.

He does feel some sorrow in letting Travis County go, because he looks to the Texas Chainsaw Massacres as proof that guns don't kill people, chainsaws do. Losing that state history does give Governor Perry regret.

Perry also will bid goodbye to gays in the state who he likes privately if not publicly....

Blogger,

Are you aware that your self-serving words are idiocy?

Let me guess, you were part of the Austin grand jury indictment?

 

[Toro]

They are as private as the GSE's. Just because the Fed won't let a bank fail doesn't mean it is public.

They are not private like the GSEs. The GSEs had publicly traded stock that didn't hand over almost all of their profits to the government. Nor did the government implement monetary operations through the GSEs.

 

[Toro]

Why would the Fed be afraid of an audit if it was public?

The Fed is already audited.

 

[Toddsterpatriot]

h
ttp://FRB H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday August 28 2014

Table 9...........Liabilities and Dividends............4,927 million or 4.9 Billion

note 17.........Maiden Lane LLC liabilities in the 2008 buyouts of AIG etc.......... Table 8.......Other liabilities and accrued dividends16 6.638 BILLION................. 34 million change in a week............... Between the two..........comes to 11.5 Billion How much of that is liability and how much is DIVIDENDS...........

[TBODY] [/TBODY]

One table shows 1.7 Billion in a year, while the other shows 6.638 BILLION

Where does it I'd the stock portion of the Dividends???????? Is it Table 8 or Table 9 or both?????????

From the Balance sheet.

The balance sheet doesn't show dividends paid.

 

[Toddsterpatriot]

h
ttp://FRB H.4.1 Release-- Factors Affecting Reserve Balances -- Thursday August 28 2014

Table 9...........Liabilities and Dividends............4,927 million or 4.9 Billion

note 17.........Maiden Lane LLC liabilities in the 2008 buyouts of AIG etc.......... Table 8.......Other liabilities and accrued dividends16 6.638 BILLION................. 34 million change in a week............... Between the two..........comes to 11.5 Billion How much of that is liability and how much is DIVIDENDS...........

[TBODY] [/TBODY]

One table shows 1.7 Billion in a year, while the other shows 6.638 BILLION

Where does it I'd the stock portion of the Dividends???????? Is it Table 8 or Table 9 or both?????????

From the Balance sheet.

FRB Press Release--Reserve Bank income and expense data and transfers to the Treasury for 2013--January 10 2014

 

[Toddsterpatriot]

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

You keep saying they don't pocket the money, and that they give it all back anyway so why charge a 6% fee at all if they are going to give it back. They don't. They keep that profit unless you believe they are so nice that they just return it all and say to the Treasury they are just keeping it safe for the Fed................

So, according to the last site listed they include the payments as an expense of doing business.........So they keep the 6%..........

They aren't doing this chit for free. They make money at it or they wouldn't do it at all.

Does the FBI make a profit? Then why do they do it at all?

so why charge a 6% fee at all if they are going to give it back.

Where do you think the Fed charges a 6% fee?

I quoted it already in two different articles. Stock holders of the Fed can charge dividend fees of 6%. It's in the Federal Reserve Act, and shown on the other articles posted. Again using Fractional Banking that you know damn well exists.....................I've shown you the Federal Reserve saying the same in the past.

The Fed has STOCK HOLDERS who are not part of the Gov't...........They get paid when they create the loans to buy the bonds and as one article has said it's CALLED EXPENSES.................

Why the fuck do we need the damn Federal Reserve at all......................End it and let the Treasury do the whole damn thing as the CONSTITUTION STATES..............Since they give it all back according to you they should be HAPPY to give it back.................

They don't make squat according to you...........And if a frog had wings he wouldn't bumb his butt when he jumped................The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders when to leave so they can reap the benifits of a crash.................It's all BS........

Abolish the Federal Reserve

They manipulate and then fuck the nation. They are parasites, and if you agree with them then you are included.

Stock holders of the Fed can charge dividend fees of 6%.

They get 6% of the capital they paid in, not 6% of all outstanding debt.

The Fed manipulates the stocks, inflates it, then decides when to crash and burn it, and tells their buddies and Stock holders

LOL! The Fed doesn't buy stocks.

No, it just loans money to other banks that buy stocks, and one of the sites already posted said member banks get stocks for Dividend payments...............

Banks are currently borrowing $14 million from the Fed at the Discount Window. Big deal.
If a site said the Fed gives stock as a dividend payment, they lied.

 

[Gary Anderson]

The FBI............LOL What a comparison.........................The Stock holders of the Federal Reserve do it only because they have free coffee at the offices............That's the only reason they do it.................

BTW........how much did Gietner or however you spell that little nerd make while working for free at the Fed..................Your smoke screen is BS.

Geithner likely made over 500k per year as president of the NY Fed. Then the Fed sent him to treasury where he took a pay cut but bailed out the TBTF banks here and in Europe without clawbacks from them at all. And now, he is cleaning up with his book and speaking fees.

 

[Gary Anderson]

FAQs

Here is the trick. Take, for example, a year like this year in which the government runs a $400 billion dollar deficit. The Treasury Department has to sell $400 billion in US Treasury bills, bonds and notes (government IOUs) to buyers at a rate of interest sufficient to attract their money (and beat the interest competition of other banks’ CDs and other governments’ bills, bonds and notes). To avoid a credit squeeze, the Federal Reserve System Open Market Committee in Washington directs the NY Federal Reserve Bank to purchase roughly 10% of that total (or $40 billion in our example) in existing US bills, bonds, and notes from the current holders. To pay for them it creates the $40 billion out of nothing, merely with keystrokes on a computer. Through more keystrokes, this new $40 billion is deposited into the banks of the various bill, bond, and note sellers, thereby increasing the reserves of those banks by $40 billion.

Pursuant to the Federal Reserve Act of 1913 those banks must keep only 10% of those new deposits on “reserve.” (Because these banks do not have to keep 100% on reserve, this banking system is called a “fractional reserve” system.). So of the $40 billion deposited, the banks must keep 10% on reserve ($4 billion) and may loan out $36 billion (90%), for business loans, mortgages, credit card loans, to purchase government bonds – for whatever borrowers want. Those loans (and payments) are in turn deposited in banks (very few folks put their money in mattresses). So of the $36 billion loaned out and then re-deposited, the banks receiving the new deposits can then loan out 90% or $32.4 billion, retaining 10% or $3.6 billion as reserves.

Banks repeat this redeposit-reloan process, reduced 10% each time, until the 10% reserves retained have reduced the funds available for loan to zero. This cunning process allows the banks to create out of nothing nine times the original $40 billion in new deposits received from the Federal Reserve (the “Fed”), or $360 billion dollars. This total is concealed from the public by the only partial expansion of the loan total at each repetitive step.

We can easily see that even by the second re-loan step mentioned above, the banks have loaned out $68.4 billion based on the original $40 billion deposited. The end result of the process is that the banks receiving the deposits and re-deposits collectively have loaned out $360 billion dollars, which they created out of nothing, and have retained $40 billion in reserve. The Fed created the first $40 billion, the banks $360 billion, equaling $400 billion dollars. Thus the credit markets are stabilized even though the US government has borrowed $400 billion.

But notice, the Fed only created the initial 10% ($40 billion). Privately owned banks created 90% ($360 billion) out of nothing, and loaned it out at interest. At even 6% that is $21.6 billion dollars per year in interest. Some of this profit goes to the private stockholders of the banks. However, the banks conceal much of this vast profit from the public as undistributed or retained earnings. Five banks hold over 50% of all deposits in the United States. This means that in a year with a $400 billion deficit (such as FY 2007-2008), those five banks will receive over 50% of approximately 6% interest on the newly created $360 billion: over $10 billion per year, from now on, for creating money out of nothing. This is profoundly unjust, and dangerous to any government, especially in a country that prides itself on being a democracy.

Privately owned banks created 90% ($360 billion) out of nothing,

That's silly. Privately owned banks made $360 billion in loans out of $400 billion in deposits.

At even 6% that is $21.6 billion dollars per year in interest.

How much are they paying on the $400 billion in deposits?

This means that in a year with a $400 billion deficit (such as FY 2007-2008), those five banks will receive over 50% of approximately 6% interest on the newly created $360 billion

Why would they receive 6% interest, when 10 Year Treasury Bonds yield less than 2.5%? The 30 year, a bit more than 3%.

This is profoundly unjust, and dangerous to any government,

I agree, this much ignorance is dangerous to our government.

They receive 6 percent interest because they can. That is what needs auditing and Barney Frank called for the audit before Ron Paul. Years before Ron Paul.

 

[Gary Anderson]

They are as private as the GSE's. Just because the Fed won't let a bank fail doesn't mean it is public.

They are not private like the GSEs. The GSEs had publicly traded stock that didn't hand over almost all of their profits to the government. Nor did the government implement monetary operations through the GSEs.

The Fed is owned by the member banks. The NY Fed is owned by the most powerful banks, the NY banks. So, they are like the GSE's only more private, not public with stocks on the market. You are correct about that.

As for your post about the Fed being audited. Not the dividends that go to who knows who!