The Federal Reserve is not our friend

[Toddsterpatriot]

The Federal Reserve determines when and if to print money. It is not a government agency, it is a corporation of elite bankers.

Owned by the US government.

 

[DudleySmith]

he other most important function is to prevent banking panics.

False. Its function is to bail out crooks at the public's expense and minimize the political fallout.

 

[The Irish Ram]

They dont print money.

U.S. Treasury vs. Federal Reserve: What’s the Difference?​

The U.S. Treasury and the Federal Reserve are separate entities. The Treasury manages all of the money coming into the government and paid out by it. The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.

When the Federal Reserve Bank tells us to print, we print...

 

[The Irish Ram]

Owned by the US government.

Nope. Right out of the mouths of the Federal Reserve:
The Federal Reserve Banks are not a part of the federal government.
They couldn't be more clear. Maybe you should call them, and straighten them out...

 

[struth]

U.S. Treasury vs. Federal Reserve: What’s the Difference?​

The U.S. Treasury and the Federal Reserve are separate entities. The Treasury manages all of the money coming into the government and paid out by it. The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.

When the Federal Reserve Bank tells us to print, we print...

They don’t print money

 

[The Irish Ram]

They don’t print money

Out of their own mouths:
The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
^
Maybe they are just confused. You need to call them...

 

[struth]

Out of their own mouths:
The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
^
Maybe they are just confused. You need to call them...

Yes and what part of, they don’t print money don’t you get?

They manage the supply of money, by setting interest rates

 

[WEATHER53]

Fed trying to punish the Covid related pent up purchasing of goods and services
This Dem government bitches about well off people and this is another way to be punitive and draconian.

 

[The Irish Ram]

Do the bankers run around with printing presses in their pockets? No. Do they tell our Treasury Dept. to print? Yes:

The U.S. Federal Reserve controls the supply of money in the U.S. When it expands the money supply using monetary policy tools, it is often described as printing money. The job of actually printing currency bills belongs to the Treasury Department's Bureau of Engraving and Printing.

The Fed prints money (or actually creates it digitally) and then uses that money to buy bonds. On February 26, the size of the Federal Reserve’s balance sheet was $4.16 trillion. By June 10, this had jumped to $7.17 trillion. Hence, over a period of three-and-a-half months, the Fed printed and pumped $3 trillion into the economy.

 

[Toddsterpatriot]

Nope. Right out of the mouths of the Federal Reserve:
The Federal Reserve Banks are not a part of the federal government.
They couldn't be more clear. Maybe you should call them, and straighten them out...

Who owns it?

 

[Toddsterpatriot]

Out of their own mouths:
The Federal Reserve's primary responsibility is to keep the economy stable by managing the supply of money in circulation.
^
Maybe they are just confused. You need to call them...

Not all circulating money is printed, obviously.

 

[Toddsterpatriot]

Yes and what part of, they don’t print money don’t you get?

They manage the supply of money, by setting interest rates

And by Open Market Transactions, buying and selling Treasury securities.

 

[Toddsterpatriot]

It was created when Congress was in recess for the Christmas holiday.
Start with the truth here:

The Meeting at Jekyll Island

Explore the Federal Reserve's history

www.federalreservehistory.org

It was created when Congress was in recess for the Christmas holiday.

How many votes for and against?

You never said. Are you confused?

 

[struth]

And by Open Market Transactions, buying and selling Treasury securities.

Yes

 

[Toddsterpatriot]

Yes

And changing reserve requirements and even margin requirements.

 

[The Irish Ram]

The Fed prints money (or actually creates it digitally) and then uses that money to buy bonds. On February 26, the size of the Federal Reserve’s balance sheet was $4.16 trillion. By June 10, this had jumped to $7.17 trillion. Hence, over a period of three-and-a-half months, the Fed printed and pumped $3 trillion into the economy.

You two are making me tired.
They buy by bonds and other things. They are diverse.
If it comes out of their own mouths and you still want to believe our government runs the Federal Reserve then the FR, nor I, will change your mind.
Just remember that in three and a half months the FR printed and pumped 3 trillion dollars into the economy, and then decided to jack up the interest rate, (the Fed tells us what the rate will be. We don't tell them.) and you think that's a good thing, then your children should be living in your basement since they can't afford 8% interest on a mortgage...
This thread has run out of worth. I'll give you the last word.

 

[Toddsterpatriot]

You two are making me tired.
They buy by bonds and other things. They are diverse.
If it comes out of their own mouths and you still want to believe our government runs the Federal Reserve then the FR, nor I, will change your mind.
Just remember that in three and a half months the FR printed and pumped 3 trillion dollars into the economy, and then decided to jack up the interest rate, (the Fed tells us what the rate will be. We don't tell them.) and you think that's a good thing, then your children should be living in your basement since they can't afford 8% interest on a mortgage...
This thread has run out of worth. I'll give you the last word.

Have you proven that your list of European bankers own the Fed yet?

Who gets the Fed's profits?