You haven't "corrected anything". You simply list points you disagree with, call them incorrect and leave it at that. Let's take just one: Post #64, "Might be, what's 2% of 17T?"
These huge sums of credit get traded back and forth many many times between the banks and foreign central banks. Hell, one central bank borrows from another central bank to pay another bank daily. Each time this occurs, it incurs interests. The 17T I used is simply some number (i.e., the US debt) for a reference. I have know idea how big it is, but suspect the major banks and central banks exposure is 10s of times higher than the use debt. The size of that "exposure" also means they're raking in huge interest payments, and the taxpayer is underwriting they risk.
Let's take another: Post #48, "the Fed is no more Federal than Federal Express..."
The Fed consists not only of the members on the board, who receive a government salary, but also consists of the totally private member banks and their private cartel of owners who remain hidden from public scrutiny - why?
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
...
Yes, I diagreed with your errors.
call them incorrect and leave it at that.
You couldn't understand my proof of your errors?
Let's take just one: Post #64, "Might be, what's 2% of 17T?"
Excellent example of your errors. Member banks own about $27 billion in "Federal Reserve Stock". They earned about $1.6 billion in 2012 on that stock.
The fact that you think this gives them some chunk of interest on the $17 trillion Federal debt is so silly, it makes me think you're a liberal.
These huge sums of credit get traded back and forth many many times between the banks and foreign central banks.
I'd ask you for a link for this silly claim, but it really isn't worth it.
Hell, one central bank borrows from another central bank to pay another bank daily.
Why would the Fed, for instance, need to borrow from another central bank, to pay anyone? Spell it out.
The 17T I used is simply some number (i.e., the US debt) for a reference.
Yes, it is a reference, of your cluelessness on these issues.
The size of that "exposure" also means they're raking in huge interest payments, and the taxpayer is underwriting they risk.
Exposure? Please, you should quit now. You're just making stuff up, digging your hole deeper.
The Fed consists not only of the members on the board, who receive a government salary, but also consists of the totally private member banks
Yes, member banks like Citibank, Bank of America, as well as smaller state banks.
and their private cartel of owners who remain hidden from public scrutiny - why?
Citibank, Bank of America, as well as smaller state banks have shareholders. I wouldn't call them a cartel. You can find out the largest of these shareholders.
The Honorable Louis McFadden
LOL! He was nuttier than 10 pounds of squirrel shit.