Godlike Productions - Conspiracy Forum
Users Online Now: 3,405 (Who's On?)Visitors Today: 1,683,163
Pageviews Today: 2,380,449Threads Today: 662Posts Today: 13,140
06:10 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?

 
DGN
Revelation in real time

User ID: 18836292
United States
06/29/2012 08:58 PM

Report Abusive Post
Report Copyright Violation
Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Do the Central Banks back it with their own money?
Anonymous Cowherder
FEMA Region IX.

User ID: 2245483
United States
06/29/2012 09:01 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Woodrow Delano Nixon
I'm a Libertarian Constitutionalist.

I don't give a shit what you do with your own life, whether you make it a success or a failure, that is the outcome of the choices you make, but please take responsibility for yourself and don't make ME pay for YOUR choices and we're all good.

Repeal the 17th Amendment and the Apportionment Act of 1911!

Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be.

Restore the Republic.

It's a flower, not something to be feared.

cow - Moo!
gebahie

User ID: 10118097
United States
06/29/2012 09:03 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
FORECLOESW23
Archaic Mason

User ID: 1468378
United States
06/29/2012 09:03 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
President Woodrow Wilson in 1913.
--
Archaic Mason

2B1ASK1

"Meet on the level, part on the square."

Initiated: January 12th, 2011
Passed: February 8th, 2011
Raised: March 8th, 2011

Tall Cedars of Lebanon
Initiated: June 25th, 2011

Y.O.L.O.

You Only Live Once

DON'T BRING A KNIFE TO A GUN FIGHT!
Anonymous Coward
User ID: 18779268
United States
06/29/2012 09:06 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Treasury does print the money. Fed "loans" the money that the treasury prints.
King David
User ID: 18812725
United States
06/29/2012 09:35 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
The money that is "Printed" is only the Cash in the System, it has nothing to do with how much new money is created.

All new money comes from Bank Loans, most of it are just 1's and 0's in a computer, just entries in a virtual ledger book.

Banks create money every time they make a new Bank loan, the Fed is a Bank, thus it can create money too, by expanding it's balance sheet the same way other Banks do.

As these loans are repaid the principle is voided, the money came from nothing and it must return to nothing. The interests on the loans the Banks keep as profits.

It's a sweet deal, they create money from thin air on a computer, then charge interest for us to use our own Nations only money source.

The thing is most people are to stupid to ever get wise to the con game, that it costs nothing for the Banks to produce this money, and that Government is a Puppet Show put on by the Banks to give you( The stupid People ) something to watch, other than them.

Well enjoy your day, stupid.
DGN (OP)
Revelation in real time

User ID: 18836292
United States
06/29/2012 10:19 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
The money that is "Printed" is only the Cash in the System, it has nothing to do with how much new money is created.

All new money comes from Bank Loans, most of it are just 1's and 0's in a computer, just entries in a virtual ledger book.

Banks create money every time they make a new Bank loan, the Fed is a Bank, thus it can create money too, by expanding it's balance sheet the same way other Banks do.

As these loans are repaid the principle is voided, the money came from nothing and it must return to nothing. The interests on the loans the Banks keep as profits.

It's a sweet deal, they create money from thin air on a computer, then charge interest for us to use our own Nations only money source.

The thing is most people are to stupid to ever get wise to the con game, that it costs nothing for the Banks to produce this money, and that Government is a Puppet Show put on by the Banks to give you( The stupid People ) something to watch, other than them.

Well enjoy your day, stupid.
 Quoting: King David 18812725


Thanks for the explanation, but now I really don't feel smarter.
FierySky

User ID: 7612693
United States
06/29/2012 10:22 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Have you seen the end of the road movie?
DGN (OP)
Revelation in real time

User ID: 18836292
United States
06/29/2012 10:29 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
The money that is "Printed" is only the Cash in the System, it has nothing to do with how much new money is created.

All new money comes from Bank Loans, most of it are just 1's and 0's in a computer, just entries in a virtual ledger book.

Banks create money every time they make a new Bank loan, the Fed is a Bank, thus it can create money too, by expanding it's balance sheet the same way other Banks do.

As these loans are repaid the principle is voided, the money came from nothing and it must return to nothing. The interests on the loans the Banks keep as profits.

It's a sweet deal, they create money from thin air on a computer, then charge interest for us to use our own Nations only money source.

The thing is most people are to stupid to ever get wise to the con game, that it costs nothing for the Banks to produce this money, and that Government is a Puppet Show put on by the Banks to give you( The stupid People ) something to watch, other than them.

Well enjoy your day, stupid.
 Quoting: King David 18812725


Thanks for the explanation, but now I really don't feel smarter.
 Quoting: DGN

Another question. What about the paper money put into circulation, it remains after the principal is paid back?
071676

User ID: 16798549
United States
06/29/2012 10:30 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Have you seen the end of the road movie?
 Quoting: FierySky


And which road movie is that, the one with Bob Hope and Bing Crosby, "The Road to Morocco"?
jannerfish

User ID: 18482026
United Kingdom
06/29/2012 10:32 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
I think the rationale is that the people's representatives cannot be trusted to create just enough money to cover its budget. Nor can it be trusted to be responsible with its budget requirements in the first place.

Private borrowing requests are assessed on the fundamentals of the company in question. Of course, given a completely opaque derivative market, we must trust the word of its CEOs; people like Jamie Dimon et al.

As ever, one rule for them, another for the rest of Humanity.
Across the desert lies the promised land - WW
jannerfish

User ID: 18482026
United Kingdom
06/29/2012 10:37 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Another question. What about the paper money put into circulation, it remains after the principal is paid back?

 Quoting: DGN


It will eventually be cancelled, minus the interest proportion.
Across the desert lies the promised land - WW
DGN (OP)
Revelation in real time

User ID: 18836292
United States
06/29/2012 10:46 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Another question. What about the paper money put into circulation, it remains after the principal is paid back?

 Quoting: DGN


It will eventually be cancelled, minus the interest proportion.
 Quoting: jannerfish


How would that happen?
Nine's

User ID: 12109328
United States
06/29/2012 10:51 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]

Last Edited by Nine's on 06/29/2012 10:52 PM
DGN (OP)
Revelation in real time

User ID: 18836292
United States
06/29/2012 11:19 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]
 Quoting: Nine's


Yes thanks. This is a little off topic but a big block Cobra just went screaming down my street........ ... so uh... you were saying...?

Nine's

User ID: 12109328
United States
06/29/2012 11:27 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]
 Quoting: Nine's


Yes thanks. This is a little off topic but a big block Cobra just went screaming down my street........ ... so uh... you were saying...?

 Quoting: DGN


lol Nice scenery. He should slow down and enjoy it. Is that tach running between 3 and 4 most of the time? And is that the speedometer on the lower right? If so, it's reversed.
DGN (OP)
Revelation in real time

User ID: 18836292
United States
06/29/2012 11:30 PM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]
 Quoting: Nine's


Yes thanks. This is a little off topic but a big block Cobra just went screaming down my street........ ... so uh... you were saying...?

 Quoting: DGN


lol Nice scenery. He should slow down and enjoy it. Is that tach running between 3 and 4 most of the time? And is that the speedometer on the lower right? If so, it's reversed.
 Quoting: Nine's


Well ain't Boss Babe just the smarty here! I take back everything I said about your suburban.
hiding
King David
User ID: 18812725
United States
06/29/2012 11:35 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
The money that is "Printed" is only the Cash in the System, it has nothing to do with how much new money is created.

All new money comes from Bank Loans, most of it are just 1's and 0's in a computer, just entries in a virtual ledger book.

Banks create money every time they make a new Bank loan, the Fed is a Bank, thus it can create money too, by expanding it's balance sheet the same way other Banks do.

As these loans are repaid the principle is voided, the money came from nothing and it must return to nothing. The interests on the loans the Banks keep as profits.

It's a sweet deal, they create money from thin air on a computer, then charge interest for us to use our own Nations only money source.

The thing is most people are to stupid to ever get wise to the con game, that it costs nothing for the Banks to produce this money, and that Government is a Puppet Show put on by the Banks to give you( The stupid People ) something to watch, other than them.

Well enjoy your day, stupid.
 Quoting: King David 18812725


Thanks for the explanation, but now I really don't feel smarter.
 Quoting: DGN

Another question. What about the paper money put into circulation, it remains after the principal is paid back?
 Quoting: DGN


The actual Cash Money in circulation is so small it would never matter. The debt outstanding in the US is about $54 Trillion Dollars while the entire money supply, including electronic money is only around $15 Trillion Dollars.

While the Paper Cash supply, is around $3 Trillion Dollars.

Money is Proof of Debt, nothing wrong with that system, that's what keeps people working, we all have debts. Even if your debt is just the light bill and the internet bill.

The trouble is the Private Banks that control the system, man created Govern( Control ) Ment ( Money ) to Govern the Mint.

We created Government to control the money, not to control us. Instead they control us, and handed control of the money to the private Banks.

The Banks never create the interest money( See Usury) this makes a money shortage and keeps everyone borrowing from the Banks.

Inflation is a lie, inflation is caused by compounding Bank interests and unpaid Bank loans. Every time a Bank loan goes unpaid the Bank charges that back to the next years loans.

There is only one escape for the trap, Government run Banks making loans directly to the citizens at NO INTEREST.

The still create money from thin air, but they do not charge the citizen's for the privilege of using their own Nations money.

By not charging interest, there is no money shortage and people are not out trying to compete for money that does not exist to repay Bank loans.

This is what Lincoln and Kennedy knew, and what got them killed. They where going to take the money powers back from the private Banks.

Nothing wrong with private Banking, but they must not be allowed to create money from nothing, that is a power that can only belong to Government.

Private Banks must us 100% reserve Banking, only loaning investor's money, then they may charge interests.

It is not necessary to understand the system, only how to fix it.

We must return the money powers to Government where it rightfully belong, otherwise there is no Government only the illusion of one.

Governance is a Puppet show put on by the Banks, it can't fix the money problems because it does not have the money powers, it's not a real boy.
Anonymous Coward
User ID: 18341822
United States
06/29/2012 11:36 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Do the Central Banks back it with their own money?
 Quoting: DGN


the treasure does PRINT the MONEy, for the FEd.
Nine's

User ID: 12109328
United States
06/29/2012 11:56 PM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Well ain't Boss Babe just the smarty here! I take back everything I said about your suburban.
hiding
 Quoting: DGN


tounge
King David
User ID: 18812725
United States
06/30/2012 12:09 AM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]
 Quoting: Nine's


That's called Fractional Reserve Banking/Lending(FRL), in the example you gave the Bank was using a 10% reserve.

However Banks don't really use FRL, because they don't really loan any fraction of depositor's money.

They use a system called "Temporary Money".

Under this system they are still required to hold the depositor's money is "Reserve", but they never loan any of it.

All of the money they loan comes from thin air, 100% of it is created when they make the loan.

There is nothing wrong with this system, it works rather well. In the world of banking Deposit's are Bank Liabilities, and outstanding loans are Bank Assets.

The more money a Bank creates and loans out, the more that Bank is worth. Loans are Assets to a Bank, because they payout over time. It's only when Banks make risky loans that things get dicey.

Before the Credit Crisis of 2008 Goldman Sachs was Leveraged 27:1, if they were using Fractional Reverse lending the Reserve Ratio was 27 to 1.

During to height of the Credit Crisis Goldman was Over Leveraged 372:1, and as of June first their leverage Ratio is 13:1.

So Banks aren't using Fractional Reserve Lending, because there is no set reserve ratio, only Tiers of leverage, and that depends on what kind of Bank they are too. Commercial, Large Cap, or small Cap. Or a State Chartered Bank.

Deposits are only part of what a Bank leverages, they other side is their Capital Requirements. This is in the news a lot, we hear Banks need to Re-Capitalize.

Banks must hold Bank owned Cash, Gold, Stock, Bonds and other types of securities that they are allowed to leverage to create money from thin air.

Say a Bank holds $1 Billion Dollars worth of US Bonds, that's a Tier 1 asset so the Fed and BIS may let that Bank Leverage that 17:1. Making $17 Billion Dollars worth of loans off that $1 Billion of Capital.

Gold is a Tier 3 asset so a Bank may only be able to leverage it 10:1 or 5:1, really it's up to the Fed and BIS( International Bank of Settlements ) to decide.

Private Banks should not be allowed to Leverage anything, they should only be allowed to loan money they really have.

What's really stupid is Banks are allowed to Leverage their own stocks and bonds, so if their Stocks go down or their Bonds get down graded it makes it very difficult for them to raise capital, that in turn makes their stock sink more, making it harder to raise capital, making their stock drop more...etc, etc, etc.
Biochemky

User ID: 919411
United States
06/30/2012 12:49 AM

Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
At this point in time, all dollar bills ARE MOnopoly money because there is NOTHING backing the worth of a dollar other than the good name of the American people.

The only "healthy" currency is that which can be turned in for gold or silver on demand of the bearer as was true of our nation's currency initially.
Nine's

User ID: 12109328
United States
06/30/2012 12:54 AM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
Read "The Creature From Jekyll Island,". It explains about banking and how, when you put in 1,000. the bank can lend 10,000, with your 1,000. backing it. So while you collect maybe 1 percent interest on that thou, the bank collects 6-8 percent on 10,000, thanks to your deposit. Does that help? charlie

[link to en.wikipedia.org]
 Quoting: Nine's


That's called Fractional Reserve Banking/Lending(FRL), in the example you gave the Bank was using a 10% reserve.

However Banks don't really use FRL, because they don't really loan any fraction of depositor's money.

They use a system called "Temporary Money".

Under this system they are still required to hold the depositor's money is "Reserve", but they never loan any of it.

All of the money they loan comes from thin air, 100% of it is created when they make the loan.

There is nothing wrong with this system, it works rather well. In the world of banking Deposit's are Bank Liabilities, and outstanding loans are Bank Assets.

The more money a Bank creates and loans out, the more that Bank is worth. Loans are Assets to a Bank, because they payout over time. It's only when Banks make risky loans that things get dicey.

Before the Credit Crisis of 2008 Goldman Sachs was Leveraged 27:1, if they were using Fractional Reverse lending the Reserve Ratio was 27 to 1.

During to height of the Credit Crisis Goldman was Over Leveraged 372:1, and as of June first their leverage Ratio is 13:1.

So Banks aren't using Fractional Reserve Lending, because there is no set reserve ratio, only Tiers of leverage, and that depends on what kind of Bank they are too. Commercial, Large Cap, or small Cap. Or a State Chartered Bank.

Deposits are only part of what a Bank leverages, they other side is their Capital Requirements. This is in the news a lot, we hear Banks need to Re-Capitalize.

Banks must hold Bank owned Cash, Gold, Stock, Bonds and other types of securities that they are allowed to leverage to create money from thin air.

Say a Bank holds $1 Billion Dollars worth of US Bonds, that's a Tier 1 asset so the Fed and BIS may let that Bank Leverage that 17:1. Making $17 Billion Dollars worth of loans off that $1 Billion of Capital.

Gold is a Tier 3 asset so a Bank may only be able to leverage it 10:1 or 5:1, really it's up to the Fed and BIS( International Bank of Settlements ) to decide.

Private Banks should not be allowed to Leverage anything, they should only be allowed to loan money they really have.

What's really stupid is Banks are allowed to Leverage their own stocks and bonds, so if their Stocks go down or their Bonds get down graded it makes it very difficult for them to raise capital, that in turn makes their stock sink more, making it harder to raise capital, making their stock drop more...etc, etc, etc.
 Quoting: King David 18812725


stoned OK. Thanks. It'll take a few more readings to register all that.
Anonymous Coward
User ID: 9968554
United States
06/30/2012 01:58 AM
Report Abusive Post
Report Copyright Violation
Re: Who authorizes the Central Bank to print US monopoly money with no gold? Why doesn't the US Treasure do it?
To sum it up, the U.S. economic system is a gambling system. The financial industry produces nothing, just as many of our industries/careers. Parasites and gamblers is what this ship of fools is using as fuel to propel ever closer to the edge of the flat earth.

News








We're dropping truth bombs like it's the end of days!