Board of Govenors

[JohnDB]

The fed doesn’t make the debt. The fed doesn’t issue bonds, the Dept of Tres issues bonds

It appears you have no clue what the fed does

Look,
Here's Wikipedia
Read it yourself.

Federal Reserve Board of Governors - Wikipedia

en.m.wikipedia.org

 

[struth]

Look,
Here's Wikipedia
Read it yourself.

Federal Reserve Board of Governors - Wikipedia

en.m.wikipedia.org

I’ve read it, where does it say they issue bonds?

 

[JohnDB]

I’ve read it, where does it say they issue bonds?

No you didn't....

 

[struth]

No you didn't....

I did. But maybe I missed it, quote the part where it says they issue bonds

 

[JohnDB]

I did. But maybe I missed it, quote the part where it says they issue bonds

Second sentence of the article:

It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.

that's what that means....it issues out the money. It's not about banking lending policies, it's not about food price controls. It doesn't control the Stock Market traders....it controls the value of money which is a fiat currency. Meaning it controls the supply of money through bonds It sells to private banking institutions which then gives the banks cash to lend out.

The latest bank insolvencies were due to those banks holding too many of the low interest bonds which only return 2% or less when the market rate for bonds is 3 times that rate. They are holding losing assets. They would lose money by selling them.

 

[struth]

Second sentence of the article:

It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.

that's what that means....it issues out the money. It's not about banking lending policies, it's not about food price controls. It doesn't control the Stock Market traders....it controls the value of money which is a fiat currency. Meaning it controls the supply of money through bonds It sells to private banking institutions which then gives the banks cash to lend out.

The latest bank insolvencies were due to those banks holding too many of the low interest bonds which only return 2% or less when the market rate for bonds is 3 times that rate. They are holding losing assets. They would lose money by selling them.

That doesn’t say they issue bonds. Because the US Tresury issues bonds

 

[LeroyDumonde]

This, among other reasons is why I'm definitely NOT a fan of Trump or Harris.

Neither is going to appoint anyone who has the correct philosophy concerning our monetary supply.

There are a small number of candidates that Presidents are legally allowed to nominate. That guarantees that the Board is going to be staffed by people with bad fiscal policies.

 

[JohnDB]

There are a small number of candidates that Presidents are legally allowed to nominate. That guarantees that the Board is going to be staffed by people with bad fiscal policies.

The reappointments are ensuring stagflation and protecting of only the elite 1%.

That's a problem. Yellen was an obvious bad choice. Trump nominated her for an appointment and was successfully blocked. (Thank God!) But instead appointed her to the treasury. And Yellen became Biden's lackey.

we need sanity.

 

[Moonglow]

This is not just about employment. It involves salaries, the kind of work, who is eligible for that work, and who is looking for work. There are many people who have stopped looking for work. There are more and many people who collect checks and benefits of some kind in all ways who are not working. So, what is called the unemployment percentage has an asterisk. There are many people who are employed and from Covid stayed at home. And many of them are not going back to the office to work even if ordered to. Many government employees are in the forefront of this. In spite of this, there is a good percentage of people who are of "can do" no matter what they do.

That is what separates the wheat from the chaff.

 

[Dekster]

Nope. He tried to appoint a few but got no one appointed to the board.

All have been appointed by others. Mostly Democrats are on the board.

Jefferson, Barr and Cook all became governors in 2022 when nobody but Biden was POTUS. Kuglar was appointed in 2023 when nobody but Biden was POTUS. If math is not your strong suit 1+1+1+1=4

 

[JohnDB]

Jefferson, Barr and Cook all became governors in 2022 when nobody but Biden was POTUS. Kuglar was appointed in 2023 when nobody but Biden was POTUS. If math is not your strong suit 1+1+1+1=4

Still doesn't negate the fact that they are all either rings or democrats.

And thats a HUGE problem.