The Federal Reserve does not just 'print' money out of thin air | |
Intergalactic Diplomat User ID: 6231580 United States 12/29/2012 02:44 AM Report Abusive Post Report Copyright Violation | Good start OP, it gets so tiresome the misinfo bs that goes round. Tip: avoid any thread that has the word "fiat" in it. Quoting: Anonymous Coward 30647034 OP is the one spreading misinfo, by implying that FRN's hold a "value" by themselves. Without a market pricing system, and the good faith that supports said system, dollars would be worth their paper value.. And "fiat" as a term referencing currency is absolutely correct; it is an ordainment; a decree by the federal reserve (which is not the government) that the money is "marketable" for use. So you see, money is in fact backed by faith; and faith ONLY. yes, and it is this faith that people are dying for. WOw, I guess religion really is responsible for many deaths after all. Look at all the people willing to die for this false religion of money, a complete belief system in something that is ran completely off of faith. We believe the money has value, so we agree to the slave auction or selling of our labor to back up their printing and money creation. WOW Scary True. We know it is inherently just a piece of paper; but yet if you toss a bunch of 100 bills out the window, people will clamour for it; it has a guaranteed psychological value, without actually having value. Strange, I agree. Talk about mind control. Last Edited by Intergalactic Diplomat on 12/29/2012 02:46 AM |
GodFrequency User ID: 30961459 United States 12/29/2012 02:46 AM Report Abusive Post Report Copyright Violation | ... Quoting: GodFrequency The Fed is now buying over 60% of our own treasuries, this would be like me kiting checks to myself and collecting the money. What bullshit voodoo economics is this shit. There is no American Citizen in this country other than the private citizens of the non Federal Reserve that could get away with this shit. UNREAL! Do you have a cite for the 60% figure? Not doubting you (I mean really, who else is stupid enough to buy them at this point? That would be like me loaning money to a crackhead), just curious where you got that number from. You may find a better link, this is the very first I found. Thanks but ouch, can't handle dude recording in a moving car who can't get his facts straight. Did dig this one up from Gonzalo Lira, a great (and entertaining) financial site if you don't already read it and are interested in this stuff: [link to gonzalolira.blogspot.com] agreed, terrible link, should have dug deeper. I'm a little more abstract and not so fact based as far as numbers go. I think I get it from our already collapsed government and financial system which seems to be running along on numbers that no longer matter, voodoo economics, debt to cover interest on debt that cannot be repaid, unfunded liabilities which are code word for they stole the money, and a completely bought off media that reports whatever reality they wish to exist. The system has already collapsed, it is a zombie, a walking corpse, and everyone is just pretending so they can get their welfare, foodstamps, social security, medicare, keep their government job, and continue with what looks like a constitutional civilized nation of laws, but is actually ruled by gun selling, money laundering, bailout taking, non tax paying, psychopaths which are now above the law and looting money in broad daylight like MF global, etc. etc. |
GodFrequency User ID: 30961459 United States 12/29/2012 02:50 AM Report Abusive Post Report Copyright Violation | who owns the fed? answered here. Here are the mysterious Fed owners. [link to www.save-a-patriot.org] |
Anonymous Coward User ID: 961432 United States 12/29/2012 02:56 AM Report Abusive Post Report Copyright Violation | "We are completely dependant on the commercial banks. Someone has to borrow every dollar Quoting: OutdoorsMan we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hamphill, Atlanta Federal Reserve Bank This is how I understand it to work. The treasury offers off bonds at the primary bond auctions. Commercial banks arrive to bid on the newly printed bonds, but the caveat is they need to get federal reserve credit to purchase the bonds. So, they have to post some kind of collateral in case they were default on the credit (law). What transpires is the collateral they post is the treasury bonds they are going to buy at the auction. So, it's basically claiming an asset you don't have yet to get credit to purchase that asset. The Fed doesn't necessarily "print" money it just has the authority to extend credit without having the assets (capital) behind it. |
Anonymous Coward User ID: 961432 United States 12/29/2012 03:05 AM Report Abusive Post Report Copyright Violation | Not entirely, it is backed by intelligence (or maybe shrewdness) as well. It takes an informed public to understand how any economy system works, its not hard so most people can learn it, it only seems complicated so all the "professionals" can squeeze you more. Our population has been dumbed down for decades as a result of the public education system. So, people are ignorant as to how money works or is created. A point to OP, the populace is ignorant as to how money comes about, intentionally so. If they really understood its all promises to pay something off in the future (fiat currency generated through credit via a fractional reserve banking system) they might decide to keep their wealth in some other vehicle. |
Bain Everything User ID: 14009440 United States 12/29/2012 03:09 AM Report Abusive Post Report Copyright Violation | First of all, the Fed doesn't do the printing. Quoting: Anonymous Coward 1277549 Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold. They can't just make money like the anti-Fed shills would have you believe because they can't just buy an unlimited number of securities. I expect plenty of One Star Bandits and cries of BS, but not a single coherent, concise response from their side. Ha ha ha... So wrong you are little child... |
Anonymous Coward User ID: 961432 United States 12/29/2012 03:11 AM Report Abusive Post Report Copyright Violation | Our population has been dumbed down for decades as a result of the public education system. So, people are ignorant as to how money works or is created. A point to OP, the populace is ignorant as to how money comes about, intentionally so. Quoting: Anonymous Coward 961432 Just 1 more thing. Anyone can print money, all they need to do is whip out their credit card and buy something that costs more than you currently have in your account to pay for. That is because "money" is fungible with credit in our economy. Most credit cards are non-secured debt, meaning that the banks that gave the credit do not have ANY reserves to cover the debt. That money does not really exist yet, only in the form of a promise that you will pay your bill. |
Bain Everything User ID: 14009440 United States 12/29/2012 03:13 AM Report Abusive Post Report Copyright Violation | Dated December 9, 1968 Justice MARTIN V. MAHONEY Credit River Township Scott County, Minnesota MEMORANDUM The issues in this case were simple. There was no material dispute of the facts for the Jury to resolve. Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, which are for all practical purposes, because of their interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire $14,000.00 in money or credit upon its own books by bookkeeping entry. That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Ansheuser-Busch Brewing Company v. Emma Mason, 44 Minn. 318, 46 N.W. 558. The Jury found that there was no consideration and I agree. Only God can create something of value out of nothing. Even if Defendant could be charged with waiver or estoppel as a matter of Law this is no defense to the Plaintiff. The Law leaves wrongdoers where it finds them. See sections 50, 51 and 52 of Am Jur 2nd "Actions" on page 584 – "no action will lie to recover on a claim based upon, or in any manner depending upon, a fraudulent, illegal, or immoral transaction or contract to which Plaintiff was a party." Plaintiff's act of creating credit is not authorized by the Constitution and Laws of the United States, is unconstitutional and void, and is not a lawful consideration in the eyes of the Law to support any thing or upon which any lawful right can be built. Nothing in the Constitution of the United States limits the jurisdiction of this Court, which is one of original Jurisdiction with right of trial by Jury guaranteed. This is a Common Law action. Minnesota cannot limit or impair the power of this Court to render Complete Justice between the parties. Any provisions in the Constitution and laws of Minnesota which attempt to do so is repugnant to the Constitution of the United States and void. No question as to the Jurisdiction of this Court was raised by either party at the trial. Both parties were given complete liberty to submit any and all facts to the Jury, at least in so far as they saw fit. No complaint was made by Plaintiff that Plaintiff did not receive a fair trial. From the admissions made by Mr. Morgan the path of duty was direct and clear for the Jury. Their Verdict could not reasonably been otherwise. Justice was rendered completely and without denial, promptly and without delay, freely and without purchase, conformable to the laws in this Court of December 7, 1968. BY THE COURT December 9, 1968 Justice Martin V. Mahoney Credit River Township Scott County, Minnesota. [link to educationcenter2000.com] Last Edited by The Wordsmith on 12/29/2012 03:15 AM |
Anonymous Coward User ID: 31024411 Belgium 12/29/2012 03:13 AM Report Abusive Post Report Copyright Violation | First of all, the Fed doesn't do the printing. Quoting: Anonymous Coward 1277549 Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold. They can't just make money like the anti-Fed shills would have you believe because they can't just buy an unlimited number of securities. I expect plenty of One Star Bandits and cries of BS, but not a single coherent, concise response from their side. Excellent. So there exist enough securites to cover this: [link to www.usdebtclock.org] Even just the interest? |
Bain Everything User ID: 14009440 United States 12/29/2012 03:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 961432 United States 12/29/2012 03:15 AM Report Abusive Post Report Copyright Violation | Excellent. So there exist enough securites to cover this: Quoting: Anonymous Coward 31024411 [link to www.usdebtclock.org] Even just the interest? Last I saw, the Fed's assets totaled some $2 trillion, so no way. |
GodFrequency User ID: 30961459 United States 12/29/2012 03:16 AM Report Abusive Post Report Copyright Violation | Not entirely, it is backed by intelligence (or maybe shrewdness) as well. It takes an informed public to understand how any economy system works, its not hard so most people can learn it, it only seems complicated so all the "professionals" can squeeze you more. Our population has been dumbed down for decades as a result of the public education system. So, people are ignorant as to how money works or is created. A point to OP, the populace is ignorant as to how money comes about, intentionally so. If they really understood its all promises to pay something off in the future (fiat currency generated through credit via a fractional reserve banking system) they might decide to keep their wealth in some other vehicle. I was wondering if you would like to invest in my system of wealth. You see I borrow money and lend it to my brother, he takes that money and uses it to borrow against from another bank increasing the amount that we both have combined, I take the money he borrowed and show it to my lender and pretend that I now have that money to lend back and borrow more money which in turn we combine our money and lend it to my father, my father shows the bank he goes to the money, and asks for a loan against the money he already has, then takes the money we lent him, and he borrowed and gives it all back to me for the day while I go back to my original bank and pretend to have the money to repay all the original loans and tell them how well I'm doing in business, I then ask them for an even larger line of credit I tell them I need it for expansion purposes, they of coarse agree since they've already got their money back, I take that line of credit and give it to my brother and he does the same, then my father, then me, then my brother, then my father. We get so successful that we are now talking in the billions of dollars being lent and borrowed and moved from one bank to the other. It looks wonderful We actually bank our way into prosperity. There that is easily understandable for anyone that is so intellectually enlightened such as yourself to understand. Would you like to invest? Do you have faith? hell after a while I will just open up my own bank, and for every dollar I have, I will lend 20, that should work even better. Last Edited by GodFrequency on 12/29/2012 03:17 AM |
Anonymous Coward User ID: 30535095 United States 12/29/2012 03:16 AM Report Abusive Post Report Copyright Violation | First of all, the Fed doesn't do the printing. Quoting: Anonymous Coward 1277549 Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold. They can't just make money like the anti-Fed shills would have you believe because they can't just buy an unlimited number of securities. I expect plenty of One Star Bandits and cries of BS, but not a single coherent, concise response from their side. I won't give you an argument, because you are a cum swilling federal pig. You try and ask for a reasoned response to utter bullshit, there is none. Now go fucking kill yourself, you rat's ass fuckstain. |
Anonymous Coward User ID: 961432 United States 12/29/2012 03:19 AM Report Abusive Post Report Copyright Violation | Not entirely, it is backed by intelligence (or maybe shrewdness) as well. It takes an informed public to understand how any economy system works, its not hard so most people can learn it, it only seems complicated so all the "professionals" can squeeze you more. Our population has been dumbed down for decades as a result of the public education system. So, people are ignorant as to how money works or is created. A point to OP, the populace is ignorant as to how money comes about, intentionally so. If they really understood its all promises to pay something off in the future (fiat currency generated through credit via a fractional reserve banking system) they might decide to keep their wealth in some other vehicle. I was wondering if you would like to invest in my system of wealth. You see I borrow money and lend it to my brother, he takes that money and uses it to borrow against from another bank increasing the amount that we both have combined, I take the money he borrowed and show it to my lender and pretend that I now have that money to lend back and borrow more money which in turn we combine our money and lend it to my father, my father shows the bank he goes to the money, and asks for a loan against the money he already has, then takes the money we lent him, and he borrowed and gives it all back to me for the day while I go back to my original bank and pretend to have the money to repay all the original loans and tell them how well I'm doing in business, I then ask them for an even larger line of credit I tell them I need it for expansion purposes, they of coarse agree since they've already got their money back, I take that line of credit and give it to my brother and he does the same, then my father, then me, then my brother, then my father. We get so successful that we are now talking in the billions of dollars being lent and borrowed and moved from one bank to the other. It looks wonderful We actually bank our way into prosperity. There that is easily understandable for anyone that is so intellectually enlightened such as yourself to understand. Would you like to invest? Do you have faith? hell after a while I will just open up my own bank, and for every dollar I have, I will lend 20, that should work even better. Why don't you just pull out your credit card and use that to make a deposit in your bank? |
Anonymous Coward User ID: 13982175 United States 12/29/2012 03:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 30992272 United States 12/29/2012 04:10 AM Report Abusive Post Report Copyright Violation | First of all, the Fed doesn't do the printing. Quoting: Anonymous Coward 1277549 Second of all, the amount of federal reserves (not necessarily physical currency) they can create is limited by the securities they hold. They can't just make money like the anti-Fed shills would have you believe because they can't just buy an unlimited number of securities. I expect plenty of One Star Bandits and cries of BS, but not a single coherent, concise response from their side. Obviously you've never heard of: 1.) Quantitative easing 2.) Fractional reserve lending 3.) Creating ledger entries to buy bonds on the open market All of these are ways the central bank creates money from thin air. Go suck an egg, moron. |
MHz User ID: 25505891 Canada 12/29/2012 04:12 AM Report Abusive Post Report Copyright Violation | Where would you like to start after this one? [link to www.skolnicksreport.com] [link to rense.com] |
Hypertiger User ID: 12277324 Canada 12/29/2012 06:29 AM Report Abusive Post Report Copyright Violation | The normal operation is the primary dealers use their gains from their noram commercial banking operations to buy bonds. or other securities but because they are not yielding enough from their normal commercial banking operations to sustain these low yields. The FED is subsidizing them. Or bailing them out. from 1944 to 2008 US consumers were requesting the commercial banks inflate the credit supply by 8% per year on avergae. then the US consumer reached their maximum potential to sustain this... Now the FED is signing on the dotted line and pretending they are millions of consumers to supply the required yield to make up the difference. Prior to the FED inflating their balance sheet...the US consumers were requesting commerical banks to inflate their balance sheets by close to 400 Billion dollars a month. and the yield derived off of the creation out of thin air of 400 billion dollars a month is what the primary dealers use to buy US treasuries. which are basically issued by the treasury to "borrow" money from the money supply of the USA. But when US consumers reached their maximum potnetial to request the required amount new money to be created out of thin air to make up for the money returning back into thin air. The system began producing negative yield or deflating. imploding. The FED is not replacing all the money the banking system would have created. it's just supplying the banking system with the yield. That is why they buy the bonds...to earn a yield. bonds is short for bondage. basically a bond is like selling portions of the US population into slavery in exchange for a yield. currently the US population is not yielding enough...and to raise rates...is like whipping you all and demanding more output. but after teh roaring 6 decades...the US population is burnt out. the FED is only supplying enough to sustain a controlled collapse. because without the population of the USA being able to yield more...the world will continue to collapse. and printing money would only lead to a hyperinflation. followed by a hyperdeflation. Any hyperinflation shows up...It's just so the top can short into volume. |
Prostetnik User ID: 31073007 Canada 12/29/2012 06:43 AM Report Abusive Post Report Copyright Violation | Dated December 9, 1968 Quoting: Bain Everything Justice MARTIN V. MAHONEY Credit River Township Scott County, Minnesota MEMORANDUM The issues in this case were simple. There was no material dispute of the facts for the Jury to resolve. Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, which are for all practical purposes, because of their interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire $14,000.00 in money or credit upon its own books by bookkeeping entry. That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Ansheuser-Busch Brewing Company v. Emma Mason, 44 Minn. 318, 46 N.W. 558. The Jury found that there was no consideration and I agree. Only God can create something of value out of nothing. Even if Defendant could be charged with waiver or estoppel as a matter of Law this is no defense to the Plaintiff. The Law leaves wrongdoers where it finds them. See sections 50, 51 and 52 of Am Jur 2nd "Actions" on page 584 – "no action will lie to recover on a claim based upon, or in any manner depending upon, a fraudulent, illegal, or immoral transaction or contract to which Plaintiff was a party." Plaintiff's act of creating credit is not authorized by the Constitution and Laws of the United States, is unconstitutional and void, and is not a lawful consideration in the eyes of the Law to support any thing or upon which any lawful right can be built. Nothing in the Constitution of the United States limits the jurisdiction of this Court, which is one of original Jurisdiction with right of trial by Jury guaranteed. This is a Common Law action. Minnesota cannot limit or impair the power of this Court to render Complete Justice between the parties. Any provisions in the Constitution and laws of Minnesota which attempt to do so is repugnant to the Constitution of the United States and void. No question as to the Jurisdiction of this Court was raised by either party at the trial. Both parties were given complete liberty to submit any and all facts to the Jury, at least in so far as they saw fit. No complaint was made by Plaintiff that Plaintiff did not receive a fair trial. From the admissions made by Mr. Morgan the path of duty was direct and clear for the Jury. Their Verdict could not reasonably been otherwise. Justice was rendered completely and without denial, promptly and without delay, freely and without purchase, conformable to the laws in this Court of December 7, 1968. BY THE COURT December 9, 1968 Justice Martin V. Mahoney Credit River Township Scott County, Minnesota. [link to educationcenter2000.com] |
Anonymous Coward User ID: 31022633 United Kingdom 12/29/2012 10:21 AM Report Abusive Post Report Copyright Violation | who owns the fed? Quoting: GodFrequency answered here. Here are the mysterious Fed owners. [link to www.save-a-patriot.org] Mostly jews on that list,who is it that wants too take American guns away,who could be that organised and have that much money too do it,hmmmmm. |
Anonymous Coward User ID: 25992474 United States 12/29/2012 02:24 PM Report Abusive Post Report Copyright Violation | Excellent. So there exist enough securites to cover this: Quoting: Anonymous Coward 31024411 [link to www.usdebtclock.org] Even just the interest? Last I saw, the Fed's assets totaled some $2 trillion, so no way. A big chunk of the Fed's "assets" are Treasurys. WE owe them. They don't cover our debts, even if they are monetizing them right now. |
Anonymous Coward User ID: 30264892 United States 12/29/2012 02:31 PM Report Abusive Post Report Copyright Violation | |
Bain Everything User ID: 25678534 United States 12/29/2012 03:07 PM Report Abusive Post Report Copyright Violation | |