The Fed

[g5000]

The issue with the Federal Reserve is that as an institution it holds an unimaginable amount of influence and is virtually unregulated.

During the debt ceiling debate, which will be repeating very soon, it was little, if ever, reported that the majority of American debt is held, not by China, but by the Federal Reserve. Our own central bank is purchasing trillions of dollars in American Treasury Bills and thus permitting our elected representatives to run up unsustainable deficits and debt while simultaneously devaluing the purchasing power of the dollar. American tax payers are paying interest on Treasury Bills that was purchased with money that was fabricated by the Fed.

Now let's imagine a world without the Fed. Congress would still overspend, and instead of borrowing from the Fed, it would either print the money or it would borrow even more from China.

Congress had deficit spending with and without a central bank.

So the problem is not the Fed.

And if I had to choose between someone who knows something about economics having their hand on the monetary printing press or a pack of politicians up for re-election every two years, I'll take the Fed.

 

[g5000]

Regardless, the central premise of the stupid cartoon is wrong. It said the money for the rube's home loan was printed by the Fed. It had retarded little vignettes between the banker and the Fed and the Treasury.

But that was all wrong.

The money actually came from investors. It came from YOU.

Those monthly contributions you made to your 401k from your hard earned paycheck. That's where the money came from.

The monthly premiums you pay to your insurance company, after outlays. That's where the money came from.

Your kid's college endowment fund. That's where the money came from.

Your state's public employee pension fund. That's where the money came from.

PIMCO. That's where the money came from.

Rich oil princes. That's where the money came from.

Rockefeller and other old money. That's where the money came from.

$70 trillion worth.

 

[The T]

The American Dream By The Provocateur Network - YouTube

Outstanding.

Chug! Chug! Chug! Chug!

Wrong answer cumquat.

 

[Google]

The issue with the Federal Reserve is that as an institution it holds an unimaginable amount of influence and is virtually unregulated.

During the debt ceiling debate, which will be repeating very soon, it was little, if ever, reported that the majority of American debt is held, not by China, but by the Federal Reserve. Our own central bank is purchasing trillions of dollars in American Treasury Bills and thus permitting our elected representatives to run up unsustainable deficits and debt while simultaneously devaluing the purchasing power of the dollar. American tax payers are paying interest on Treasury Bills that was purchased with money that was fabricated by the Fed.

Now let's imagine a world without the Fed. Congress would still overspend, and instead of borrowing from the Fed, it would either print the money or it would borrow even more from China.

Congress had deficit spending with and without a central bank.

So the problem is not the Fed.

And if I had to choose between someone who knows something about economics having their hand on the monetary printing press or a pack of politicians up for re-election every two years, I'll take the Fed.

Following the financial collapse of 2008, which we are routinely falsely told is the worst since the Great Depression, the Federal Reserve invoked emergency powers and lent $16,000,000,000,000 to domestic banks and corporations and foreign central banks. The Federal Reserve in one swoop lent out more than the entire GDP of the United States. http://www.gao.gov/new.items/d11696.pdf

The Federal Reserve is still operating under its emergency powers, and there is no way of determining what actions it is currently taking.

I do not buy the excuse that making the Federal Reserve more transparent and more accountable to our elected officials would somehow have dire consequences on our economy--just the opposite. The Fed has failed in its stated goals.

 

[g5000]

Outstanding.

Chug! Chug! Chug! Chug!

Wrong answer cumquat.

I have thoroughly debunked the film. Do you have anything more intellectually inspired to contribute other than mindless acclaims or invective?

If not, I will take that as an assent my deconstruction of it is beyond your abilities to refute.

 

[The T]

The issue with the Federal Reserve is that as an institution it holds an unimaginable amount of influence and is virtually unregulated.

During the debt ceiling debate, which will be repeating very soon, it was little, if ever, reported that the majority of American debt is held, not by China, but by the Federal Reserve. Our own central bank is purchasing trillions of dollars in American Treasury Bills and thus permitting our elected representatives to run up unsustainable deficits and debt while simultaneously devaluing the purchasing power of the dollar. American tax payers are paying interest on Treasury Bills that was purchased with money that was fabricated by the Fed.

Now let's imagine a world without the Fed. Congress would still overspend, and instead of borrowing from the Fed, it would either print the money or it would borrow even more from China.

Congress had deficit spending with and without a central bank.

So the problem is not the Fed.

And if I had to choose between someone who knows something about economics having their hand on the monetary printing press or a pack of politicians up for re-election every two years, I'll take the Fed.

Following the financial collapse of 2008, which we are routinely falsely told is the worst since the Great Depression, the Federal Reserve invoked emergency powers and lent $16,000,000,000,000 to domestic banks and corporations and foreign central banks. The Federal Reserve in one swoop lent out more than the entire GDP of the United States. http://www.gao.gov/new.items/d11696.pdf

The Federal Reserve is still operating under its emergency powers, and there is no way of determining what actions it is currently taking.

I do not buy the excuse that making the Federal Reserve more transparent and more accountable to our elected officials would somehow have dire consequences on our economy--just the opposite. The Fed has failed in its stated goals.

I'll Take what it QE3 For $1000 Alex (IF the face value is still valid)?

 

[dilloduck]

Regardless, the central premise of the stupid cartoon is wrong. It said the money for the rube's home loan was printed by the Fed. It had retarded little vignettes between the banker and the Fed and the Treasury.

But that was all wrong.

The money actually came from investors. It came from YOU.

Those monthly contributions you made to your 401k from your hard earned paycheck. That's where the money came from.

The monthly premiums you pay to your insurance company, after outlays. That's where the money came from.

Your kid's college endowment fund. That's where the money came from.

Your state's public employee pension fund. That's where the money came from.

PIMCO. That's where the money came from.

Rich oil princes. That's where the money came from.

Rockefeller and other old money. That's where the money came from.

$70 trillion worth.

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

 

[Google]

Regardless, the central premise of the stupid cartoon is wrong. It said the money for the rube's home loan was printed by the Fed. It had retarded little vignettes between the banker and the Fed and the Treasury.

But that was all wrong.

The money actually came from investors. It came from YOU.

Those monthly contributions you made to your 401k from your hard earned paycheck. That's where the money came from.

The monthly premiums you pay to your insurance company, after outlays. That's where the money came from.

Your kid's college endowment fund. That's where the money came from.

Your state's public employee pension fund. That's where the money came from.

PIMCO. That's where the money came from.

Rich oil princes. That's where the money came from.

Rockefeller and other old money. That's where the money came from.

$70 trillion worth.

Fractional reserve banking is not a myth, and it may have been oversimplified in that video, but it is indeed how the Federal Reserve increases the money supply.

 

[The T]

Chug! Chug! Chug! Chug!

Wrong answer cumquat.

I have thoroughly debunked the film. Do you have anything more intellectually inspired to contribute other than mindless acclaims or invective?

If not, I will take that as an assent my deconstruction of it is beyond your abilities to refute.

YOU haven't debunked SQUAT.

The Founders WARNED about a Central bakning authority tied to the Federal Government asswipe.

 

[g5000]

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

The Fed contributed to the train wreck by keeping interest rates low for too long. They are certainly not blameless.

The US Congress deregulated the derivatives driving the train wreck. And every politician was taking credit for getting more Americans into homes.



But there is not an ounce of this reality in the film.

 

[The T]

Regardless, the central premise of the stupid cartoon is wrong. It said the money for the rube's home loan was printed by the Fed. It had retarded little vignettes between the banker and the Fed and the Treasury.

But that was all wrong.

The money actually came from investors. It came from YOU.

Those monthly contributions you made to your 401k from your hard earned paycheck. That's where the money came from.

The monthly premiums you pay to your insurance company, after outlays. That's where the money came from.

Your kid's college endowment fund. That's where the money came from.

Your state's public employee pension fund. That's where the money came from.

PIMCO. That's where the money came from.

Rich oil princes. That's where the money came from.

Rockefeller and other old money. That's where the money came from.

$70 trillion worth.

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

FED needs to GO.

i have been on board with Ron paul on AUDIT. Long past DUE.

 

[g5000]

Wrong answer cumquat.

I have thoroughly debunked the film. Do you have anything more intellectually inspired to contribute other than mindless acclaims or invective?

If not, I will take that as an assent my deconstruction of it is beyond your abilities to refute.

YOU haven't debunked SQUAT.

The Founders WARNED about a Central bakning authority tied to the Federal Government asswipe.

Some of the Founders opposed a central bank. And? Around this tiny grain of truth is built a completely false film. I can show Ben Franklin playing with electricity. That does not mean he knew about Three Mile Island.

The film goes off the rails by saying the Federal Reserve printed all the money people borrowed to buy houses and run up credit card bills.

I have shown the lies, deceptions, and sheer incorrectness of the film. Care to point out where I was wrong?


It's a film made by simpletons for simpletons.

 

[g5000]

FED needs to GO.

i have been on board with Ron paul on AUDIT. Long past DUE.

When the audit happens, you be sure and get back to us when you find all that money the Fed printed and gave to the banks for everyone to buy houses and run up their credit cards, okay?

 

[dilloduck]

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

The Fed contributed to the train wreck by keeping interest rates low for too long. They are certainly not blameless.

The US Congress deregulated the derivatives driving the train wreck. And every politician was taking credit for getting more Americans into homes.



But there is not an ounce of this reality in the film.

and I bet politics had nothing to do with the Feds keeping the interest rates low.
Granted, there are a lot of myths flying around but to let the Fed and central banking off the hook is going a bit far for people who expect them to do what they are hired to do.

 

[The T]

FED needs to GO.

i have been on board with Ron paul on AUDIT. Long past DUE.

When the audit happens, you be sure and get back to us when you find all that money the Fed printed and gave to the banks for everyone to buy houses and run up their credit cards, okay?

You stupid son of a bitch...backed with what? PAPER?

ASSHOLE

Government should have NEVER forced banks to GIVE loans to those that couldn't AFFORD IT.

And that's what YOU don't get. INTRUSION of the FEDERAL GOVERNMENT.

 

[The T]

As far as i am Concerned...and have been for years?

FED needs to GO...disbanded.

We were FINE until Wilson and the Progressives 100 years ago.

 

[Google]

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

The Fed contributed to the train wreck by keeping interest rates low for too long. They are certainly not blameless.

The US Congress deregulated the derivatives driving the train wreck. And every politician was taking credit for getting more Americans into homes.



But there is not an ounce of this reality in the film.

What was driving the train wreck that was the 2008 mortgage collapse was government interference. In the mid-90's the Clinton administration radically interpreted the Community Reinvestment Act, dramatically changing lending standards that banks use to determine who they will lend to. Quotas of risky mortgages to low income were mandated. The amount that banks lent skyrocketed. Freddie Mac and Fannie Mae bought up hundreds of billions of dollars in mortgages from banks, who turned around and lent out hundreds of billions of dollars more. This is artificially inflating property values. The Fall of Fannie Mae - January 24, 2005

This combined with the derivatives is what set up the perfect storm that sunk property values, and literally cost American home owners unheard of sums.

But this constant insistence that it is the derivatives that allowed it to happen is an oversimplification at best and dishonest at worst. This is the left's interpretation--it is all evil Gordon Geko type assholes that are to blame.

 

[g5000]

It's weird how people can hear the news, but never quite connect the dots if they conflict with their particular weird bias.

The film says the banker calls the Fed who calls the Treasury to print money to give to people to buy houses. And we get geniuses who watch this and say, "Outstanding".

Some people totally fall for this shit. Even though what really happened has been in all the papers!

Large Investors Sue Bank of America

Bank of America Corp. was sued by 15 former Countrywide Financial Corp. institutional investors who said they lost money after being misled about the mortgage lender’s financial condition and lending practices.

Last month, the Charlotte, North Carolina-based bank entered an $8.5 billion agreement to end most litigation by investors who bought securities backed by risky Countrywide home loans.

CDOs. CDS. Secondary market. Bonds, for chrissakes.

Look these things up. Learn something about them.

Fractional reserve banking is Old Testament shit. We are in a whole new paradigm now, and it is destroying the entire world economy.

Iceland had a bubble. Ireland had a bubble which on a relativity scale dwarfed ours. So did Spain. England had a bubble.

And the beat goes on. We had subprime countries borrowing money from the world's banks. Greece, Spain, Italy.

Do you fools think these countries were all calling the US Fed to get money to lend to all those international borrowers? Are you really that stupid? Is your tunnel vision really that narrow?

 

[The T]

Why did the Fed allow this to happen ? We are paying them to manage America's fiscal policies.

The Fed contributed to the train wreck by keeping interest rates low for too long. They are certainly not blameless.

The US Congress deregulated the derivatives driving the train wreck. And every politician was taking credit for getting more Americans into homes.



But there is not an ounce of this reality in the film.

What was driving the train wreck that was the 2008 mortgage collapse was government interference. In the mid-90's the Clinton administration radically interpreted the Community Reinvestment Act, dramatically changing lending standards that banks use to determine who they will lend to. Quotas of risky mortgages to low income were mandated. The amount that banks lent skyrocketed. Freddie Mac and Fannie Mae bought up hundreds of billions of dollars in mortgages from banks, who turned around and lent out hundreds of billions of dollars more. This is artificially inflating property values. The Fall of Fannie Mae - January 24, 2005

This combined with the derivatives is what set up the perfect storm that sunk property values, and literally cost American home owners unheard of sums.

But this constant insistence that it is the derivatives that allowed it to happen is an oversimplification at best and dishonest at worst. This is the left's interpretation--it is all evil Gordon Geko type assholes that are to blame.

the same act Signed by Jimmy Carter.

The same scenario where Democrats told us Nothing was wrong back in '05 and blocked any action.

 

[The T]

It's weird how people can hear the news, but never quite connect the dots if they conflict with their particular weird bias.

The film says the banker calls the Fed who calls the Treasury to print money to give to people to buy houses. And we get geniuses who watch this and say, "Outstanding".

Some people totally fall for this shit. Even though what really happened has been in all the papers!

Large Investors Sue Bank of America

Bank of America Corp. was sued by 15 former Countrywide Financial Corp. institutional investors who said they lost money after being misled about the mortgage lender’s financial condition and lending practices.

Last month, the Charlotte, North Carolina-based bank entered an $8.5 billion agreement to end most litigation by investors who bought securities backed by risky Countrywide home loans.

CDOs. CDS. Secondary market. Bonds, for chrissakes.

Look these things up. Learn something about them.

Fractional reserve banking is Old Testament shit. We are in a whole new paradigm now, and it is destroying the entire world economy.

Iceland had a bubble. Ireland had a bubble which on a relativity scale dwarfed ours. So did Spain. England had a bubble.

And the beat goes on. We had subprime countries borrowing money from the world's banks. Greece, Spain, Italy.

Do you fools think these countries were all calling the US Fed to get money to lend to all those international borrowers? Are you really that stupid? Is your tunnel vision really that narrow?

Blow it out yer ass son.