Lucy, you've got some 'splaining to do... lol
Posted on 12/24/2013 1:45:23 PM PST by Errant
The Democratic Party gained prominence in the first half of the nineteenth century as being the party that opposed the Second Bank of the United States. In the process, it tapped into an anti-state sentiment that proved so strong that we wouldn't see another like it until the next century.
Its adversaries were Whig politicians who defended the bank and its ability to grow the government and their own personal fortunes at the same time. They were, in fact, quite open about these arrangements. It was considered standard-operating procedure for Whig representatives to receive monetary compensation for their support of the Bank when leaving Congress. The Whig Daniel Webster even expected annual payments while in Congress. Once he complained to the Bank of the United States President Nicholas Biddle, “I believe my retainer has not been renewed or refreshed as usual. If it be wished that my relation to the Bank should be continued, it may be well to send me my usual retainer.”
(Excerpt) Read more at marketoracle.co.uk ...
Where does the dollars to operate the Fed come from, "thin air"?
That's their target.
They've undershot that target you claim, for quite a while now.
Who do you feel is ripping you off?
Foreign banksters.
Which ones? How?
The Founders started the Revolution over monetary policy?
You've never heard of the Tea Act. That doesn't surprise me.
You don't know the difference between monetary policy and a tax. That doesn't surprise me.
Yes.
lol Yeah right. The Great Depression didn't earn its name for nothing.
I know, and we were under the gold standard.
Lucy, you've got some 'splaining to do... lol
What's a "gold standard"?
What was '08?
How much did GDP shrink?
How are Fed earnings illicit? Who do you feel they collected on behalf of?
It is a hidden tax on the American people.
The Fed's earnings are a hidden tax? How's that?
How many times do we have keep going over this?
Only until you make sense.
Still waiting for you to explain the inside track as it relates to FX trades.
Like I keep sayin'... What makes you think this is MY job to gather all of the evidence and present it to a Grand Jury?
What evidence?
Besides, You are going to have to get the law that restrict audits of some of the Fed's activities removed?
In order to look at FX transactions? The largest market in the world?
Made what up?
Something about improper FX trades.
Is rich guy's access to the big house prohibited from?
Rich guy is dead. Your point is still unclear.
Does the Constitution authorize the Fed to "coin money" and set the value thereof?
No.
Seems to me I recall that duty is assigned by the Constitution to another group of individuals, duly elected and supposedly representing the people. Are they shirking a responsibility they've sworn to uphold?
Are they? Is money being coined? Value being set (however loosely)?
Yes he did, after swearing before Congress that he would never, ever, QE.
When? Where?
Hmmm, I don't think so, if you take the severity of the "Great" Depression into consideration,
No question, that was a bad one. So were the earlier ones, before the Fed, under the gold standard.
O is trying to abolish the Fed?
No. O is also ignorant of banking and finance.
You don't happen to have a copy of that particular trust agreement do ya...
A shill bot!
It was your picture, why would I have a copy?
Why does everyone call it the panic of '08?
http://money.cnn.com/2009/03/16/news/economy/panic08.fortune/
Only until you make sense.
That would only happen if I were to say the Fed is the greatest thing since sliced bread!
What's made up?
Something about improper FX trades.
How do you know there wasn't? Don't you think we need a complete audit of the Fed?
Rich guy is dead. Your point is still unclear.
Doesn't matter if he had a trust set up. Doesn't he have family?
Does the Constitution authorize the Fed to "coin money" and set the value thereof?
No.
Thanks for making my point, again.
Are they? Is money being coined? Value being set (however loosely)?
Duh, they're printing money out of "thin air" and driving the value of the dollar down over time.
Yes he did, after swearing before Congress that he would never, ever, QE.
When? Where?
Bernanke: Fed will not monetize the debt
No question, that was a bad one. So were the earlier ones, before the Fed, under the gold standard.
Is that why they call it the "Great One"?
O is trying to abolish the Fed?
No. O is also ignorant of banking and finance.
In other words, if he wasn't "ignorant of banking and finance", he'd be trying to abolish the Fed too?
In that case, it's too bad, as you say, he is so "ignorant of banking and finance"...
Because you seem to know a lot about the arrangement between the state and the estate's trust.
Therein became the problem when gold was assigned an arbitrary value. It's value should have been left for the market to decide, and only it's weight use in marking its denominations. Same goes for any certificates, payable upon demand, issued against it.
Don't you remember? So how much did GDP shrink?
How do you know there wasn't?
You made some claim about tiny ticks in huge FX trades. Do you have any proof that anyone traded improperly with some sort of inside info?
Doesn't matter if he had a trust set up. Doesn't he have family?
I have no idea. All I know is you posted a picture, I guess it was proof of something, and it ends up that estate, in the UK, was donated to something called the National Trust.
Thanks for making my point, again.
Your point was that the words "Federal Reserve Bank" weren't in the Constitution. Good point.
Bernanke: Fed will not monetize the debt
Thanks for the link.
One of the great fears of the dollar bears is that the Fed will buy Treasury securities with printed money. Bernanke vows the Fed will not do that.
Ummmmm....every time the Fed buys Treasury securities, they do it with printed money.
You need a better source.
In other words, if he wasn't "ignorant of banking and finance", he'd be trying to abolish the Fed too?
If he wasn't ignorant of banking and finance, he'd stop whining about banks not lending, while passing regulations that restrict the banks ability to lend.
I don’t know anything about it.
Sounds clunky.
Don't you remember? So how much did GDP shrink?
Don't you remember? That's government data you're going by?
You made some claim about tiny ticks in huge FX trades. Do you have any proof that anyone traded improperly with some sort of inside info?
Tiny ticks do make a huge profit for anyone on the right side of those trades; tens of billions in profits! Boy if someone had inside dope, they probably wouldn't be on the wrong side of a trade in like a whole year, maybe? Gee, wasn't something about that in the news recently? I don't know, do you?
I have no idea. All I know is you posted a picture, I guess it was proof of something, and it ends up that estate, in the UK, was donated to something called the National Trust.
Didn't you like the house? It was a nice house...
Your point was that the words "Federal Reserve Bank" weren't in the Constitution. Good point.
Thanks again for helping me to make it...
Ummmmm....every time the Fed buys Treasury securities, they do it with printed money.
You need a better source.
I need Ben's source of paper, so I can be buying up all sorts of real properties and stuff with it too...
If he wasn't ignorant of banking and finance, he'd stop whining about banks not lending, while passing regulations that restrict the banks ability to lend.
Maybe like some people, he's just looking out for his best buds forever?
Actually it jingles and attracts the ladies...
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