Finance 101

Discussion in 'Politics' started by Douger, Jan 9, 2011.

  1. Douger
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    Douger BANNED

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    This video was specifically created for dumbass murkinz.
    [ame]http://www.youtube.com/watch?v=ZPWH5TlbloU[/ame]
     
  2. Harry Dresden
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    Harry Dresden Latinum, Plantinum,Silver,Gold Member Supporting Member

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    and it took a cowardly piece of shit to post it.....go back to shoveling your Horse Shit Asshole....maybe you can make a buck or two today....
     
  3. Intense
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    Intense Senior Member

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    [​IMG]

    Board of Governors of the Federal Reserve System
    ______________________________________________________

    The Federal Reserve System: Purposes and Functions
    Provides a detailed look at the structure, responsibilities, and operations of the Federal Reserve System. Revised in 2005 to reflect changes in monetary, regulatory, and other policy areas. Incorporates major changes in the law and in the structure of the financial system in the past decade.

    FRB: The Federal Reserve System Purposes and Functions
    __________________________________________________________

    The Federal Reserve System is the central bank of the United
    States. It was founded by Congress in 1913 to provide the
    nation with a safer, more flexible, and more stable monetary
    and financial system. Over the years, its role in banking and
    the economy has expanded.
    Today, the Federal Reserve’s duties fall into four general areas:
    • conducting the nation’s monetary policy by inf luencing the monetary
    and credit conditions in the economy in pursuit of maximum employment,
    stable prices, and moderate long-term interest rates
    • supervising and regulating banking institutions to ensure the safety
    and soundness of the nation’s banking and financial system and to
    protect the credit rights of consumers
    • maintaining the stability of the financial system and containing
    systemic risk that may arise in financial markets
    • providing financial services to depository institutions, the U.S. government,
    and foreign official institutions, including playing a major
    role in operating the nation’s payments system
    Most developed countries have a central bank whose functions are broadly
    similar to those of the Federal Reserve. The oldest, Sweden’s Riksbank,
    has existed since 1668 and the Bank of England since 1694. Napoleon I
    established the Banque de France in 1800, and the Bank of Canada began
    operations in 1935. The German Bundesbank was reestablished after
    World War II and is loosely modeled on the Federal Reserve. More recently,
    some functions of the Banque de France and the Bundesbank have
    been assumed by the European Central Bank, formed in 1998.
    Background
    During the nineteenth century and the beginning of the twentieth century,
    financial panics plagued the nation, leading to bank failures and
    business bankruptcies that severely disrupted the economy. The failure
    of the nation’s banking system to effectively provide funding to troubled
    depository institutions contributed significantly to the economy’s vulnerability
    to financial panics. Short-term credit is an important source of
    liquidity when a bank experiences unexpected and widespread withdrawals
    during a financial panic. A particularly severe crisis in 1907 prompted

    Page 1
    http://www.federalreserve.gov/pf/pdf/pf_1.pdf


    Yes Douger, Progressivism is bad. Progressivism kills. Government Capitalism. State Control of weath. The Silent Partner Douger, Whom you deny is the Major Player here. Government.
     

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