Posted on 12/10/2018 10:18:07 PM PST by ransomnote
“They are so desperate it is really entertaining.”
You have been here for TWO WEEKS.
There is NOTHING entertaining about seeing Free Republic torn apart like this.
Nothing.
.
You are mad at me? You wouldn’t discuss your own posts.
No wonder you are so jealous of these Q people. I only stop here from time to time to catch some glimpse of the inner machinations of the deep state.
I may not be a Q but pard, they seem smarter than you. No offense.
Why did you send me the same post Blaine?
Thanks for playing, you get the last word.
Go 4 it.
Apparently PALADIN2 opted not to take the red pill.
Frosty...
Hillary in India eh. Guilty behavior. Soon the shrieks of politically motivated by Trump the Grinch and non-stop chatter of the shills. Today's nationwide automated bomb threats were obviously planned to distract from the testimony regarding the Clinton Foundation - pay for play - Billary's personal piggy bank. Did Shillsea send a thank-you note to the Australian taxpayers for the extravagant wedding and honeymoon?
I heard at this Chinese place I ate at that this news makes the monkeyprogs howl and screech like a lion is eating one...
I don’t do drugs.
Qou?
Hope it all works out. Pm me if you wanna talk about it.
THIS IS HUGE–> PLEASE PASS THIS ON! John Solomon: DIA Holds Document to Exonerate Gen. Flynn – Refuse to Release It! —Hey @RealDonaldTrump
From tonight’s Hannity Show—
John Solomon: Let me say this about Mike Flynn. In May 2017 there was a document identified to a small number of people in the United State government. It’s in the possession of the Defense Intelligence Agency. For 18 months there’s been an effort to resist declassifying that document. I know that that document contains extraordinary exculpatory information about General Flynn. I don’t believe the president has ever been told about this document. One lawmaker discovered it but he was thwarted by the Defense Intelligence Agency in his ability to disclose it. I think we all should ask for that declassification! Get that out. It may enlighten the judge!
You heard him —
“Why is only the fed allowed to “create” from an entry - why couldn’t any bank based on this argument at any point in time create currency with an electronic loan/deposit?”
Local banks create money by doing that all the time (not currency, currency is paper money). When your local loan officer gives you a loan, she does it by crediting the amount to your checking account. This isn’t money coming out of a pile of money in the bank’s vault, it is credit money created by the bank. The bank has to have a small amount of reserves backing that loan (that’s what “fractional reserve lending” refers to), but it’s not anywhere near a dollar of reserves for each dollar loaned. Probably more like a dime or a nickle of reserves per dollar.
If you tried a system without reserves you would get powerful pro-cyclical monetary expansion during boom periods followed by devastating collapses, because you would have removed all restraint and incentive to check the quality of the loans you were making. Something like this happened to create the housing bubble, driven by “shadow bank lending” outside the Fed system.
Banks hold a lot of illiquid paper. They loan you money, you give them your promise to pay. That promise has financial value, but it’s not liquid money. If all of their customers wanted their money out all at once the bank would be in a lot of trouble because so much of their money is tied up in those loans. What the Fed can do is purchase that loan paper from banks, giving them liquid cash that they can hand over to their customers. Otherwise the bank being hit by the run would collapse.
“Isn’t the Fed privately held - I know it’s “quasi-governmental” but that’s always been a shadowy screen at best...so why do they get special allowances not afforded to other banks”
Before the Fed, the Morgan Bank performed the same functions as the Fed. When the banking system was in trouble the Treasury asked JP Morgan to save the country. Morgan was entirely private, there was no oversight. But some of what Morgan had to do was in a legal grey area. And the American economy was getting much too large for a single bank to bail it out. Morgan was behind the creation of the National Monetary Commission, a study group which recommended to Congress the creation of a central bank to act as lender of last resort. So the roots of the Fed came entirely from the private banking world. But the Fed has more accountability to Congress and the public than the preceding system.
The member banks don’t “own” the Fed. They are compelled to belong and they have to pony up money to do so. They do have a big voice in how it is run. If anyone “owns” the Fed, it is the US Treasury, because they get all the money the Fed earns over the basic cost of salaries to run it. I suppose the Fed more resembles the MLB or the NFL- an umbrella organization that everyone has to belong to.
Red bill blue pill bar tab.
2 technicians killed at Antarctica science station
YOW!!
But are qou drugged as you mellow out?
Trolls.
A sure cure for insomnia.
I’m guessing carbon monoxide poisoning
Stop that. I’m not a troll.
Filled with the HOLY SPIRIT.
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