Wow, he must know virtually NOTHING then.
Paulie, have you bothered to educate yourself yet? It would be nice to have some educated posters posting on this forum rather than you clowns who post gibberish all of the time.
You and this recent arrival believe the FED is involved in Fractional Reserve Lending. Could you link to where you nincompoops come up with this idea.
Have you ever studied the FED charter? Do you even have the slightest idea what the purpose of the FED is? Keep on trying. One of these days you might learn something.
First off, you tried to claim that I said the Fed created TRILLIONS of dollars, and then I proved you dead wrong on that one with multiple links to me pointing out exactly how much the Fed has actually created during this economic downturn.
Now you're trying to say the Fed isn't involved with fractional reserve banking?
How am I supposed to have discussion with you when you obviously haven't the slightest ******* clue of what the **** you're talking about?