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To: Just mythoughts
So what Congress got was a copy of Deloitte&Touche audit, nothing more?

No, they got an additional audit.

Deadbeats keep defaulting, or threatening to default.

How is it possible to be a 'deadbeat' and keep defaulting, or threatening to default IF the loans have been repaid?

The banks aren't the deadbeats, it's mortgage borrowers and governments like Greece.

I do not believe you when you say the FED does NOT play with TAXPAYERS dollars...

Why would the Fed need taxpayer dollars when they can create trillions of their own?

unless some hidden law has been passed is 'we the people' and they do not have one thin dime without first taking it from US.

Did the Fed ding your paycheck when they created the new money? I didn't notice a change in mine either.

47 posted on 12/27/2011 8:47:54 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
So what Congress got was a copy of Deloitte&Touche audit, nothing more?

No, they got an additional audit.

Ah. So did the 'additional' audit reflect the same data the Deloitte&Touche audit presented?

Deadbeats keep defaulting, or threatening to default.

How is it possible to be a 'deadbeat' and keep defaulting, or threatening to default IF the loans have been repaid?

The banks aren't the deadbeats, it's mortgage borrowers and governments like Greece.

I consider this explanation splitting of hairs as some banks got into the mortgage lending business, and I know of no bank on this earth that is NOT quazi connected to some form of government/politics.

I do not believe you when you say the FED does NOT play with TAXPAYERS dollars...

Why would the Fed need taxpayer dollars when they can create trillions of their own?

The FED dollars have NO value unless backed by the full credit of the US government. Whatever action they take ultimately trickles down through the economy slowly or a full frontal assault.

unless some hidden law has been passed is 'we the people' and they do not have one thin dime without first taking it from US.

Did the Fed ding your paycheck when they created the new money? I didn't notice a change in mine either.

Indirectly yes the actions and activities by the FED to pick the life's lottery winners that are by your definition turn out to be deadbeat defaulters, or threatening to default has an impact on the economy as a whole. The FED has been in up to its collective eyeballs to sustain the Keynesian style economies. Keynesian economics has never worked and it is NOT going to magically turn a corner.

52 posted on 12/27/2011 9:34:46 PM PST by Just mythoughts (Luke 17:32 Remember Lot's wife.)
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To: Toddsterpatriot; Just mythoughts
Did the Fed ding your paycheck when they created the new money? I didn't notice a change in mine either.

You haven't noticed your dollar is become worth less and less?

I'm no financial expert, but flooding the country with trillions of their "newly created money" did is not making the dollar worth less and less? And who got those trillions Todd?

60 posted on 12/27/2011 11:20:33 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Toddsterpatriot

bookmark


66 posted on 12/28/2011 5:06:32 AM PST by WhoisAlanGreenspan?
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To: Toddsterpatriot

Thank you for offering specificity here.

I just read on email [yeah, almost a year later] that tried to make it seem that we are out 16 trillion in unpaid debt to Europe, the assumption being tax money.

You said that the Fed creates trillions. Simply from interest despite defaults? Is that linked with quantitative easing? Or do they order the printing of money? I’m baffled by the Fed Reserve to be honest.


126 posted on 09/12/2012 4:22:18 AM PDT by Arthur Wildfire! March (George Washington: [Government] is a dangerous servant and a terrible master.)
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