Posted on 10/25/2007 8:12:27 PM PDT by Philistone
To read the MSM headlines (which I try not to) the falling dollar is the end of the world. Maybe Wall Street should get a Noble Prize for their work in "Global Dollar Cooling". But seriously, what are the effects of a weak dollar?
1) Increased exports. Last month's exports were among the highest on record. Trade deficit? What trade deficit? Boeing, Caterpiller, Microsoft, Apple, etc. all with surges in foreign export sales.
2) Outsourcing? What outsourcing? All of the sudden it becomes cheaper to employ an American technician than one from Bangalore.
3) Cost of living? (I love this part!) Since China has pegged the Yuan to the Dollar, everything we get from China costs exactly the same! Maybe this will convince them to unlink the Yuan. Then we'll REALLY see who's the best producer.
4) Buhh... buhh... buhh... but foreigners will stop buying American Treasuries! What? In order to buy Russian ones? Chinese ones? Venezualian ones? Give me a break.
A weak Dollar equals: more exports, more jobs, more tourists (spending money) and the same or higher standard of living.
Bring it on!
LOL,,,I hope nobody falls down steppin’ on one of them damn gum-bawls !!...”OH MY BACK !!”...;0)
It’s the yellow ones...watch out for the yellow ones :)
Is the present form of national banking system legal under the constitution?
Roger Dat,,,BRB,,,Harley Mess !!...;0)
Hmmmm. Sounds like it is you that is spreading the propaganda.
Ya..and who did they audit? They did NOT audit the foreign banks who OWN the FED. There are 12 federal reserve banks. Those twelve are owned by investor banks-many who are foriegn.
Wanna tell me when these investor banks have been under audit?
Wanna tell me if this banking system is constitutional?
“And if that makes a person a liberal, then by golly they must be the most patriotic, individual rights loving group around. Must be a pretty good secret.”
I dunno..........I’m still pissed off to find out Dennis W
is a liberal!!!!
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.
As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
LOL!!
(2) Operations and Services
The Board’s responsibilities require thorough analysis
of domestic and international financial and economic
developments. The Board carries out those responsibilities
in conjunction with other components of the Federal
Reserve System. The Board also supervises and regulates
the operations of the Federal Reserve Banks, exercises
broad responsibility in the nation’s payments system, and
administers most of the nation’s laws regarding consumer
credit protection. Policy regarding open market operations
is established by the Federal Open Market Committee.
However, the Board has sole authority over changes
in reserve requirements, and it must approve any change
in the discount rate initiated by a Federal Reserve Bank.
The Board also plays a major role in the supervision
and regulation of the U.S. banking system. It has supervisory
responsibilities for state-chartered banks that are
members of the Federal Reserve System, bank holding
companies, foreign activities of member banks, and U.S.
activities of foreign banks.
Come on son..tell me if it is constitutional.
Words fail me (lol). Dare we touch on the OAS? LOL...kidding, just kidding :)
Yes.
I bet you can't find a source for that quote. Were you spreading propaganda again?
Absolutely FALSE! You are ignorant of the fact.
Come back talk to me when you understand the constitution.
“OAS?”
Obtuse Assinine Senate?? Go for it!!
LOL...I’ll pass :)
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