Wall Street Declares War on Warren

Discussion in 'Politics' started by georgephillip, Sep 11, 2019.

  1. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Money is a store of value. You folks confuse Federal Reserve Notes with money.

    So no one in the world today is using "real money".

    So fucking what?
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Here's how it works. The politicians aren't running on the idea of spending less. They instead say ''hey, vote for me because I'll make sure that the government provides you with more free stuff than my opponent say's he will.'

    Yup. Politicians all spend way too much. DURR.

    Through a shell game called open market operations, the banks get to sell some of those bonds to the Federal Reserve, at a profit. How does the Federal Reserve pay the bonds? I'll tell you how. The Federal Reserve opens its 'checkbook' and writes bad, bogus, counterfeit checks that should bounce because they're drawn on an account that always has nothing in it. They're creating 'currency''.

    Yup, Central banks create money out of thin air. Do you imagine this is a revelation? LOL!

    Now. When they deposit this ''currency'' into the bank, they're not actually depositing it into an account to be held safely in trust to them. Instead, you're actually loaning the bank your ''currency'' and they can do pretty much whatever they please with it

    Only idiots think the bank holds the $20s you deposit in the vault and never lend them out.
    How long did it take you to come up with your page of idiocy mixed with the obvious?
    Why do you think any of it means you're being robbed by modern banking?
     
  3. Natural Citizen
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    Natural Citizen Platinum Member

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    Exactly. Thank You!

    You'll soon see so fucking what, my friend. That's fucking what. Heh heh heh.
     
  4. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    [​IMG]

    CREDIT DEFAULT swaps, not "interest rate swaps". Don't you know that???

    Over $400 trillion in interest rate swaps didn't do anything dangerous?
    Tell George, before he fills his diaper again.

    Credit default swaps played a HUGE role because they allowed the people buying the shit securities to transfer risk to the insurance company, like AIG

    Excellent! How much of this risk did AIG take on with CDS? Round numbers?

    And I'm sure you know that AIG had zero (0) reserve requirements on these swaps, so they could write them all day long for huge fees. NO REQUIREMENTS. NO REGULATION. Just keep writing swaps based on THIN AIR.

    Yup. AIG fucked up big time!!!
    The risk department shouldn't have let the traders do that. Obviously!

    If you want to pretend you know what you're taking about, go ahead. I'm done arguing this with people who only know what talk radio has told them

    Screw you. I expect as much useful info from talk radio as I do from commies like George.
    And I've been in this profession since the 80s.
     
  5. Natural Citizen
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    Natural Citizen Platinum Member

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    Toddster, you misquoted me. I said they're creating currency. I didn't say they were creating money. They're not. They're monetizing debt. Money is a store of value.

    That's another thing, you cats don't know how to create wealth. You know why? Because you don't know the difference between money and monetized debt. You just proved it again by just naturally misquoting me and associating money with currency as if they're the same thing. Again, they're not the same thing.

    Don't purposely misquote me, though, please. Especially the way you just did, I'd never infer that debased and devalued currency...monetized debt...is money. Ever. Thanks! Ya weasel. You're not slick. lol.
     
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    Last edited: Sep 15, 2019
  6. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Yeah, any day now...……..DURR.
     
  7. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    Toddster, you misquoted me. I said they;re creating currency. I didnlt say they were creating money They're not. They're monetizing debt. Money is a store of value.

    Nobody fucking cares about the "distinction" between money (that no one uses) and currency.

    That's another thing, you cats don't know how to create wealth.

    Thanks, I'm doing okay.
     
  8. georgephillip
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    georgephillip Platinum Member Supporting Member

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    I think you're being overgenerous, Mac.
    Some of them know very well the 2008 financial crisis was caused by an epidemic of mortgage fraud the FBI warned about in September of 2004.

    I suspect many of those who work in finance-related fields well understand the inherent instability of capitalism, and they know it is only a matter of time before the next big economic downturn materializes.

    Naturally, they will do or say anything to ensure the victims or the government gets the blame.
    [​IMG]
    Bank Bail-Ins? | Learn How to Protect Yourself
     
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    Last edited: Sep 15, 2019
  9. Natural Citizen
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    Oh, I wouldn't say that, Toddster. I wouldn't say that at all. Nope. Huh uh.
     
  10. Toddsterpatriot
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    Hey, I just heard the Federal Reserve creates currency out of thin air......DURR.
     

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