Posted on 12/24/2013 1:45:23 PM PST by Errant
“how much does the Fed earn for generating that single dollar note from cradle to grave?”
Zero. You pay interest on the national debt to the Treasury, not the Fed. All that the Fed does is manage how much of the money supply is high powered money and how much is illiquid Treasury bills.
That sort of information can reveal weakness of the borrowing banks. It would surely prove valuable to the likes of George Soros and other currency speculators with enough firepower to destabilize entire countries.
The NY Fed is where the trading desk is. That’s not exactly big news.
Not to swine. I discuss certain things with certain people and the ones I don't discuss things with I consider swine. Errant tried on this thread for 100 plus posts to have a rational discussion with you and your posts back to him were posts of swine.
Why keep them secret?
They're not secret. Do some research. Bring yourself out of swinedom.
Who do you feel is ripping you off? How do you feel they are ripping you off? What do you feel would stop this ripoff?
Pay 3% at the point of a gun. See what happens if you don't pay the IRS. The only way to pay the IRS is to participate in the slavocracy.
Then it's a good thing that this is not happening.
It most assuredly is. Read what Wilson said after he let them in.
You read funny, because I just blamed them for too much idiotic spending.
They spend too much because its there. Its there because its fiat currency. Its fiat currency because of the Federal Reserve.
How are those metallic currencies doing around the world?
When the dollar goes to zero an ounce of gold will still buy a nice suit.
There's big difference between absolute price stability and total ruin. All fiat currencies go to total ruin.
You poor girl.
They're not secret. Do some research.
If you have some point, you'll post it. I won't research your imaginary events.
Pay 3% at the point of a gun.
What are you whining about? Be specific.
It most assuredly is.
Show me.
Read what Wilson said after he let them in.
What he really said, or some fake quote you saw?
They spend too much because its there. Its there because its fiat currency.
Pretend they couldn't overspend if we were on a gold standard, I know better.
When the dollar goes to zero an ounce of gold will still buy a nice suit.
A $1900 suit 2 years ago, a $1200 suit now. So what?
Yes I can see you do very little research.
What are you whining about? Be specific.
Were the founding fathers whiners also?
Show me.
Research it, you lazy fart.
What he really said, or some fake quote you saw?
So if something doesn't agree with your view it must be fake. No wonder you're so lost.
Pretend they couldn't overspend if we were on a gold standard, I know better.
We did just fine between the BUS up until the fraud began in the early 1900s. We built a great nation.
A $1900 suit 2 years ago, a $1200 suit now. So what?
When the dollar crashes it'll buy a trillion dollar suit, just like in Zimbabwe.
Yep, look at the riches counties in the nation now, centered around DC. Some people enjoy their slavery though.
Salaries at the Federal Reserve are higher than at the Federal Gov’t. It has the same ultra-affirmative action hiring going on as at the Federal Gov’t. You know that the Federal Reserve is a private bank, is not a branch of the Federal Gov’t. 95% of Americans think it is part of the Federal Gov’t
Ignoring the mortgage backed securities the Fed has been buying >>>>
The Fed has always held some direct USG debt .... a small amount. But now it holds 2-3 trillion in US Treasuries. For years the old level was maybe 100 million in US Treasuries. China isn’t buying US Treasuries so The Fed stepped in to (essentially) take China’s place and fund that idiot in the White House
http://blogs.wsj.com/economics/2013/09/17/a-look-inside-the-feds-balance-sheet-16/
September 2013
“Earlier in the recovery, MBS and agency debt holdings, which were part of the first round of quantitative easing, had steadily declined as loans were paid off or matured. But with the latest round of bond purchases, the Fed ramped up its securities purchases. The Fed holds more than $1.2 trillion in MBS and agency debt, but owns more Treasurys — over $2 trillion.”
http://blogs.wsj.com/economics/2013/09/17/a-look-inside-the-feds-balance-sheet-16/tab/interactive/
This is quick and easy to read ___INTERACTIVE____ so slide the time line and see how the Fed balance sheet has inflated and changed as to what they hold from 2007-Dec 2013
You're right, I've done very little research on your imaginary events.
Were the founding fathers whiners also?
No, just you.
Research it, you lazy fart.
You want me to research your imaginary 3%? LOL!
This isn't something you understand in a few days or weeks. It'll take a dogged investigation by many smart minds sharing clues uncovered to get to the truth. In my mind, the super wealthy investors and bankers at the very top of the pyramid are the ultimate benefactors, but I'd like to see it accurately laid out so there is no doubt about it, and how the system works to their advantage.
We need Glen Beck's chalk board to lay it all out! :)
Many thanks to all,
Some good comments at the link you posted! From one:
1:24 am September 18, 2013
John Titor wrote:
As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve.
25 Fast Facts About The Federal Reserve – Please Share With Everyone You Know 160913fed
Image: Federal Reserve
Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know…
#1 The greatest period of economic growth in U.S. history was when there was no central bank.
#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.
#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.
#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.
#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
A d v e r t i s e m e n t
#6 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.”
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.
#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
#11 The Federal Reserve also paid those big banks $659.4 million in fees to help “administer” those secret loans.
#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
#13 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.
#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.
#16 The Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
#18 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.
#20 The Federal Reserve is supposed to “regulate” the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.
#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.
#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.
#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So exactly why is the Federal Reserve doing it?
#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
That anyone involved in creating something may benefit from it is not surprising. Not at all. The larger question is whether we can design anything better ( and what that may mean) today?
Sure, but the question is to what extent and are the ones it at the bottom getting the shaft?
The larger question is whether we can design anything better ( and what that may mean) today?
The first thing that comes to mind, is WHY all the secrecy. That would be a great first improvement in design. The rest we will not know until we get past the gatekeepers.
If something could be better designed, maybe we could break the cycles of economic collapse that has plagued us through recorded history. A new age approaches; we either ride the wave or get sucked under - right.
Besides all of the above, things aren't looking too stable with the world economy now. If it all collapses, the ones who rebuild should have the latest design. Maybe they might even review some of our comments here at some future date for reference?
8:15 pm September 17, 2013
The Undertaker wrote:
It reads like Capone’s accountant’s black book except it’s in the red! (Fed Reserves balance sheet)
WSJ comment
Lol, I liked that one too. I’m beginning to think the poor Fed is just the “bag-man” for the banking cartel.
The ones at the bottom by definition usually get “ the shaft”. I take this ( perhaps with somewhat different wording ) as a probable given of any so ail system too. But yes all the secrecy seems a bit overdone To say the least. I hope it can be peeled back. Problem is that the current regime literally defines the concept of secrecy From a its secret spying on every one of us and our allies around the world. To the content even of pending g legislation. To his our tax money is bring spent ( what with no budget in Five years). To the billions of our dollars and weapons being given to antiAmerican terrorist groups To even the basic identity of the figurehead on top here at home. With all this incredible secrecy how much chance do we have of opening up the fed? I dunno. Just wondering.
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