Posted on 12/27/2011 6:08:43 PM PST by Iam1ru1-2
Waiting for the Toddster to tell us that this never happened, and even if it did, well we need banks and banking so suck it up and be thankful for it all.
The so called Federal Reserve is a non govt entity (NGE), posing as if it were a govt entity. Basically it’s a group of international bankers who look out for their own interests, while be subsidized by the American taxpayer.
It’s truly a sweet deal for the elite bankers, and investors, who are members of this elite group. You’ve probably seen some of their vacation homes on the cliffs by the ocean, or their yachts at harbor. You probably wondered, who the heck are these people? Now you know.
Course it’s not your privy to challenge their banking and investment schemes. But you will bail them out, when they make bad loans, and/or investments. And that, my FRiends, is all you need to know.
They could all be exposed. Especially if RuPaul were to get his way. But we all know that is not going to happen. Since they are “too big to fail,” as well as too big to be messed with.
I remain optimistic, that in the future, taxpaying Americans will succumb to the light, once their blinders are removed. For now, the status quo is the strongest tie which blinds.
Please don’t ZOT me for this post. It is not an endorsement for RuPaul. It’s simply he has his footprint all over this issue, which needs to be exposed.
That crazy Ron Paul, the nerve of him wanting the Federal Reserve’s books exposed.
The US dollar being the world’s reserve currency does involve propping up world banks or if they fail the US banks fail, IOW if the US stands by and does nothing the entire world’s monetary system and its house of cards comes tumbling down...US taxpayer money being involved is just a minor detail.
Given out? LOL!
The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program,
Yeah, they call loans loans. Odd, isn't it?
but virtually none of the money has been returned and it was loaned out at 0% interest.
All of it was returned. It wasn't loaned at 0%.
Thanks Andy, I always enjoy pointing out the idiocy in these posts.
That book is full of stupid, silly errors.
How is money that the Fed loaned out, that has been repaid, with interest, add to the debt that taxpayers are "accountable for"?
Contrary to some that post around here, the Federal Reserve does not have a free hand to act here or overseas, Congress has complete oversight of the Federal Reserve and the Federal Reserve answers to Congress. Any profits the Federal Reserve generates is returned to the US Treasury. I see the Federal Reserve as a GSE, Congress created it and Congress could do away with it.
In the past, Congress said the Federal Reserve didn’t have to show their books and then recently changed the law and that is why you are now seeing an audit report in greater detail than ever before. Congress can do that sort of thing when prompted.
Of course Congress, with the aid of the US Treasury, can also give its blessing for the Federal Reserve to bailout the world.
You got that one right. And Greek bonds, failed derivatives bets, mortgage backed paper, no interest loans, etc., are perfectly fine collateral, terms and conditions for the US taxpayer.
Where are the receipts? How do you know the money was paid back? If it was paid back what is your source of information?
What makes the god FED so 'holy' and omnipotent? Whose 'money' are they playing monopoly with in the first place? AND yes I recognize they get their gravitas and secrecy from the Congress and the executive branch. It would seem since the red destructive liberal minds took over running government in 2007 'we the people' ought to be taking more action than mere audits.
In a mayonnaise jar on Funk & Wagnalls' porch.
How do you know the money was paid back?
I can read a balance sheet.
If it was paid back what is your source of information?
Let me know if you have any questions.
They're audited every year.
Why would the so called audit be claiming that virtually none of the money has been returned ...... ?
That's the idiotic claim of the idiot who writes for that blog. His claim has little to do with reality.
What makes the god FED so 'holy' and omnipotent?
Your imagination?
Whose 'money' are they playing monopoly with in the first place?
They can create their own, so I guess the answer is the Fed's money.
It would seem since the red destructive liberal minds took over running government in 2007 'we the people' ought to be taking more action than mere audits.
Exactly! Take Ron Paul's advice and let Congress run the Fed. LOL!
The only good thing about Ron Paul is that he wants to give the Federal Reserve a rectal exam.
| Citigroup: | $2.5 trillion | ($2,500,000,000,000) |
| Morgan Stanley: | $2.04 trillion | ($2,040,000,000,000) |
| Merrill Lynch: | $1.949 trillion | ($1,949,000,000,000) |
| Bank of America: | $1.344 trillion | ($1,344,000,000,000) |
| Barclays PLC (UK): | $868 billion | ($868,000,000,000) |
| Bear Sterns: | $853 billion | ($853,000,000,000) |
| Goldman Sachs: | $814 billion | ($814,000,000,000) |
| Royal Bank of Scotland (UK): | $541 billion | ($541,000,000,000) |
| JP Morgan Chase: | $391 billion | ($391,000,000,000) |
| Deutsche Bank (Germany): | $354 billion | ($354,000,000,000) |
| UBS (Switzerland): | $287 billion | ($287,000,000,000) |
| Credit Suisse (Switzerland): | $262 billion | ($262,000,000,000) |
| Lehman Brothers: | $183 billion | ($183,000,000,000) |
| Bank of Scotland (UK): | $181 billion | ($181,000,000,000) |
| BNP Paribas (France): | $175 billion | ($175,000,000,000) |
It's looks to me as all they did was refinance. When one refinances, the original loan is considered paid in full. Are you offering that none didn't refinance?
These were mostly overnight or other very short term loans. So $1 billion borrowed and "refinanced" for a month made it look like they borrowed $30 billion when they only borrowed $1 billion at a time.
When one refinances, the original loan is considered paid in full.
You're also paid in full when you pay in full.
Are you offering that none didn't refinance?
Current Fed discount window loans are $13 million. Million with an M. It's safe to say that the $16 trillion in loans has been repaid if the outstanding balance is down to $13 million.
WHO audits the FED every year? REALITY is the FED did play 'god' with TAXPAYERS dollars, and IF all their so called interest free loans have indeed been repaid then why is Europe and US still in a heap of hurt?
Seems to me the Congress and the Executive branch already uses the FED as their secret bank to keep their favorite contributors flush with cash.
I am glad you can read a spread sheet but it looks like this spread sheet covers only one year and only mentions AIG as paying their debt. What about the money that went to foreign banks?
there is no money...there are not truckloads of $100 bills being delivered to banks.....bookkeeping entries are made on a spread sheet somewhere and EUREKA everything is now O.K. I have purchased and sold many dollars worth of things in my life and have NEVER seen a dollar bill exchanged for anything . You sign here, I sign there, and I buy your ten million dollar business....you have a paper ten million dollars and I owe ten million dollars to someone....the check is in the mail!!!
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