I thought the Federal Reserve issues money?

[Toro]

Oh, damn, you're right. I was a Bank courier for over 20 years, close to 30. I was BOA Brevard County lead Driver for 20 years. I learned a thing or two just being a driver, but I got those numbers backwards. Sorry.

I think what you mean is loans to equity. That is almost certainly true. A typical bank has 3-5x loans to equity capital.

Deposits are a Liability of the bank. Liabilities + Equity = Total Assets. Total Assets of a bank are Loans and other assets such as Treasury securities.

 

[luiza]

I thought the Federal Reserve issues money through backed bonds or security.

Well is it 40% of the US government debt is owed to the Federal Reserve.

Other money issues is Mutual Funds.

Where Another 26-30% debt is owed to Mutual Funds (e.g Vanguard, Fidelity Investments).

If the Federal Reserve issues money through backed bonds or security why does government have to raise taxes to pay of the debt? If the person or country is buying the backed bonds or security? If it is 5 year or 10 year or 50 year backed bonds or security.

It is a private club .
They are Bankrupt .
They meet their debts by printing imaginary money to keep stupid creditors happy .
The collateral for these supposed extra borrowings is made corruptly .
People's pensions is the obvious example .They treat them as assets .
Debt( Borrowings) plus obligations ( see pensions) now exceeds $200 trillion .

Greatest financial scam ever.
BRICS to the rescue . Or at least a viable alternative .

 

[Toddsterpatriot]

Total loans can be higher than deposits if there are other funding sources other than deposits. But both sides of the balance sheet must be equal.

Yup.

 

[expat_panama]

I thought the Federal Reserve issues money through backed bonds or security.

Well is it 40% of the US government debt is owed to the Federal Reserve.

Other money issues is Mutual Funds.

Where Another 26-30% debt is owed to Mutual Funds (e.g Vanguard, Fidelity Investments).

If the Federal Reserve issues money through backed bonds or security why does government have to raise taxes to pay of the debt? If the person or country is buying the backed bonds or security? If it is 5 year or 10 year or 50 year backed bonds or security.

Most money is created by private banks when they loan out money and take over (temporarily) the borrower's private assets. When the debt's paid off, the money ceases to exist.

The Fed's job is inflation, and it tries to keep a lid on money creation by nudging up/down some interest rates. It works much of the time but not always.

 

[The Irish Ram]

The Fed's job is inflation, and it tries to keep a lid on money creation by nudging up/down some interest rates. It works much of the time but not always

And their ultimate goal is to make the dollar worthless, and introduce the Central Bank Digital Currency. And with that, complete control of our every move.

 

[sparky]

To be ''money'' there must be a store of value.

Ergo why every fiat on this rock has failed Natty

It is a private club .

Since 1913 here.....

And their ultimate goal is to make the dollar worthless, and introduce the Central Bank Digital Currency. And with that, complete control of our every move.

They've no choice Ram......

~S~

 

[sparky]

CBDG is just another way for them to hide their greed....~S~

 

[Toddsterpatriot]

Ergo why every fiat on this rock has failed Natty

How are all the gold and silver backed currencies doing?

 

[sparky]

Hoe are all the gold and silver backed currencies doing?

well Todd, i would simply say to look what it is per ounce now ~S~

 

[Toddsterpatriot]

well Todd, i would simply say to look what it is per ounce now ~S~

I know!

Where are all the gold backed currencies?

 

[sparky]

I know!

Where are all the gold backed currencies?

They don't exist, well at least not in the USofA Todd ~S~

 

[Toddsterpatriot]

They don't exist, well at least not in the USofA Todd ~S~

They don't exist? They didn't last?

 

[expat_panama]

And their ultimate goal is to make the dollar worthless, and introduce the Central Bank Digital Currency. And with that, complete control of our every move.

"Worthless" can have more than one meaning here. My understanding is that the Fed wants the dollar to be able to buy less every year, a loss of value of a couple percent. That would make the dollar "worth less". However, if you think that the dollar is about to have no worth at all then I'm willing to trade say, an ounce of gold for just $10k dollars --or fraction thereof.

You'll find me always willing to help out because that's just the kind of guy I am.

 

[The Irish Ram]

The Federal Reserve has destroyed our dollar intentionally.
The US dollar has lost over 96% of its value since 1913, when the Federal Reserve took over the dollar. The Fed devalues the dollar by printing more dollars without creating any value. Nixon ended the gold standard in 1971, skyrocketing inflation.

Keep the dollar, get rid of the Federal Reserve Corporation.

 

[expat_panama]

The Federal Reserve has destroyed our dollar intentionally.
The US dollar has lost over 96% of its value since 1913, when the Federal Reserve took over the dollar. ..

The cost of a phone call from New York to Los Angeles in 1920 cost $16/minute. Now it's virtually free. Hell, they didn't even have penicillin back then.

Look, people live far better now than they did in 1913.

 

[The Irish Ram]

The cost of a phone call from New York to Los Angeles in 1920 cost $16/minute. Now it's virtually free. Hell, they didn't even have penicillin back then.

Look, people live far better now than they did in 1913.

What in the heck has that got to do with the price of rice in China?

Phone calls aside , tell me why it wouldn't be a good idea to get the Reserve corporation out of our government...

 

[fncceo]

So do Banks when they make loans.

Banks do not print money.

 

[ESay]

The cost of a phone call from New York to Los Angeles in 1920 cost $16/minute. Now it's virtually free. Hell, they didn't even have penicillin back then.

Look, people live far better now than they did in 1913.

What can be said comparing people in 1980s and now?

 

[expat_panama]

What in the heck has that got to do with the price of rice in China?

Super, I like rhetorical questions as much as the next guy. How about: You're absolutely right, what in the heck has that got to do with the price of rice in China?

Phone calls aside , tell me why it wouldn't be a good idea to get the Reserve corporation out of our government...

The Fed's not a corporation, it's an independent agency. Other independent agencies include NASA, Social Security, the CIA. You don't want to ban all independent agencies do you?

If you're planning on ending just the Fed, ain't gonna happen. Too many people like things better now, they'll stop you.

 

[expat_panama]

What can be said comparing people in 1980s and now?

The Irish Ram was talking about changes since 1913, namely the value of the dollar. Please tell me what your thoughts are here, are you saying life was better in 1980 than now? Somehow that doesn't make much sense to me.