Now: Treasury "deposits" money into the fed's "special vehicle" under "emergency powers". So in other words, Fed buys nothing, Treasury gives the fed their Treasury bills for free and in 28 days the Treasury can redeem those bills for cash. In other words, money out of thin air.
Quoting: Anonymouse 514938
Ooops, this should read:
Now: Treasury "deposits" money into the fed's "special vehicle" under "emergency powers". So in other words, Fed buys nothing, Treasury gives the fed their Treasury bills for free and in 28 days the Fed can redeem those bills for cash. In other words, money out of thin air.
Anonymous Coward User ID: 122608 10/7/2008 1:02 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
to those who say that rural land is a good investment now, and I see why it would be, what's to prevent the government from just claiming it as eminent domain and just taking that, too, in the future?
My answer to that would be that if you are concerned about the US government revoking property ownership rights, then you should be moving to a different country. Even in China and North Korea you are allowed to own property. I don't mean that as a knock against what you believe, just if you truly believe that is a possibility, there are far better countries to live in.
Quoting: Anonymous Coward 519619
Executive orders that place FEMA in charge of things in the event of a great catastrophe also give FEMA the right to seize and allocate resources. I'm looking for a link.
Anonymous Coward User ID: 519619 10/7/2008 1:04 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
In China and North Korea, (as well as the USA) you are allowed to own property for now. If you believe the NWO exists, as I do, that may very well not be the case in the future. Greedy bastards want it all and could care less about property rights.
Quoting: Anonymous Coward 321019
Think about what you're saying though. The "Greedy bastards" are already the land and property owners.
So how could the government pass legislation to eliminate property ownership rights when the rich are the ones who own property and have all the political muscle?
I would counter by saying that what I believe will happen is that the US dollar will be devalued taking property ownership out of reach for the vast majority of the population, and then we will revert to the situation in many countries, where only a small minority of rich own all the property.
In other words, get your property while you can still afford to. Not with a mortgage, with money you might have had in stocks or a 401k or just sitting in a bank account. Not a tract home in Las Vegas, 20 or 50 acres of farmland.
Anonymous Coward User ID: 519727 10/7/2008 1:20 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
to those who say that rural land is a good investment now, and I see why it would be, what's to prevent the government from just claiming it as eminent domain and just taking that, too, in the future?
Quoting: Anonymous Coward 321019
This is where the subject of guns comes up...see the posts before you..
Anonymous Coward User ID: 321019 10/7/2008 1:20 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They make the rules as they go along. If they want to make a law that says they can have all the property rights and you can have none, they will. There is nothing you can own that they cannot take away from you when they so desire.
Anonymous Coward User ID: 519619 10/7/2008 1:22 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They make the rules as they go along. If they want to make a law that says they can have all the property rights and you can have none, they will. There is nothing you can own that they cannot take away from you when they so desire.
Quoting: Anonymous Coward 321019
You are missing the point. The ones who already own the property are the same ones who make the laws, run the banks and run the corporations. Why would they pass laws to strip themselves of their property ownership rights?
Anonymous Coward User ID: 321019 10/7/2008 1:27 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They won't be stripping themselves of anything. The rules will be that they have the rights to all of it and everyone else will have the rights to none of it. You can do that when you make all of the rules, and no one rises up to stop them. Did you read about the bailout? Do you see anyone rising up to stop it? I sure don't.
Anonymous Coward User ID: 519619 10/7/2008 1:32 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They won't be stripping themselves of anything. The rules will be that they have the rights to all of it and everyone else will have the rights to none of it. You can do that when you make all of the rules, and no one rises up to stop them. Did you read about the bailout? Do you see anyone rising up to stop it? I sure don't.
Quoting: Anonymous Coward 321019
Who is "they"?
Judges own property, Lawyers own property, CEO's own property. Politicians own property. Bankers own property. The rich own property. There is no way legislation will ever be passed banning property ownership, and if you think there is, like I said before, you should leave the country before you think it will happen because it would be implied that this is not a good country to be living in vis a vis the other alternatives.
[link to news.goldseek.com]
Goldseek: The Fed is Bankrupt: Update on the Helicopter - The Secret Death of the Fed
Notice the vertical line at the end of the chart. That’s a $75 billion increase in the past two weeks. Given the parabolic rise of the Adjusted Monetary Base since 1970, perhaps you might think that $75 billion is not particularly special, but the just-released Factors Affecting Reserve Balances report indicates that the size of the vertical line could more than double to $150 billion when this chart is updated next week.
Eagle # 1 User ID: 518727 10/7/2008 3:33 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
holy freakin' crap. the Fed pretty much now has absolute control over Congress, the Treasury, the economy, currency, inflation tax, homes and mortgages, banks, insurance companies, and private business.
Quoting: yourwaysucks
The Fed, the forth branch of government, unelected, unchallenged and unrivaled, the pathway of good intentions that will lead the republic to corporate fascism dictatorial hell
Anonymous Coward User ID: 28993 10/7/2008 6:26 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They are gonna bail EVERYONE!!!! Next up, A US Fed American Express Card-don't leave home without it-and if you miss a payment we'll send a team and burn you out ala WACO.
Wait for it,lol....
omega gets it.
I have a bit of first hand experience. The federal government first got in the business of buying bad paper when they agreed to purchase defaulted student loans, "guarantee" them as it were. So that the lenders could lend to anyone and everyone, knowing that if the student didn't pay, the government would bail them not just for the principle they were out, but for the interest too.
So when I was too broke to pay my student loan, the Department of Education bought it and as I said, bailed the lender for the whole thing, no discount, it's not like they paid them x cents on the dollar, they paid them the whole figure, as far as I know anyway!
So once the government is holding your debt, whatever kind it is, they can change the rules in any way at any time. It's their game and they aren't accountable. They changed it so there was no statute of limitations, when there had been such a thing when I took out the loans. They added ten thousand dollars in "collection fees" for a loan that had only been eleven thousand dollars in principle in the first place. They don't have to go to court to garnish your wages, it's "administrative wage garnishment" and they just send a note to your employer, end of story, you are garnished.
Everything will be like the rules for child support collection, you wait, this is what they've been practicing for, everyone is so rabidly in favor of the "deadbeat dad" laws that are so Orwellian and Kafkaesque, but I could see right away that there's really nothing to stop them from doing that to everyone, for everything, why shouldn't they? What's to stop them? It doesn't stop them in the case of child support collection, why should anything else be legally any different? People are so trusting and naive.
Quoting: mercury2
Whacovia who holds the accounts for child-support in at least 14 states, well, the state sent me a letter THREE WEEKS AGO--(before wacivia went bust, before the bailout, before...), that they, (the government), were doing something "new" with all of the child-support accounts, and that we would notice some changes soon, but not to be alarmed, bla bla bla...............combine that little trick with what is said above and I would tend to believe that they have been planning this for a very long time.
Anonymous Coward User ID: 519292 10/7/2008 6:44 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
a little off topic, but i think someone here should know the answer.
whats the mechanism used to generate the interest paid on t-bills, t-bonds, etc? where is the treasury investing the money lent to them to create more money?
my first instinct is to say its generated by taxpayers, namely income tax. from what i know, the federal reserve prints money for the government to use, and they are guaranteed repayment through the income tax of taxpayers. im figuring this how they generate interest for treasuries as well. or else what market is there for the treasury to be investing in.
somebody help!
There is a video floating around called "Money as Debt".
Find it and watch it, it's easy to understand and critical to understand.
holy freakin' crap. the Fed pretty much now has absolute control over Congress, the Treasury, the economy, currency, inflation tax, homes and mortgages, banks, insurance companies, and private business.
I believe that has been the plan all along and now it is in the stage of final execution.
Praise The Holy Of Holy :: Rev 17:13 These have one mind, and shall give their power and strength unto the beast.
Praise The Lamb:: Amen Do you have Jesus , he is like a life jacket on a sinking ship !!
Quoting: wing-ed
Don't forget the aftermath:
"And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more: The merchandise of gold, and silver, and precious stones . . . and chariots, and slaves, and souls of men"
(Revelation 18:11-13).
Anonymous Coward User ID: 505615 10/7/2008 7:20 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
They won't be stripping themselves of anything. The rules will be that they have the rights to all of it and everyone else will have the rights to none of it. You can do that when you make all of the rules, and no one rises up to stop them. Did you read about the bailout? Do you see anyone rising up to stop it? I sure don't.
Who is "they"?
Judges own property, Lawyers own property, CEO's own property. Politicians own property. Bankers own property. The rich own property. There is no way legislation will ever be passed banning property ownership, and if you think there is, like I said before, you should leave the country before you think it will happen because it would be implied that this is not a good country to be living in vis a vis the other alternatives.
Quoting: Anonymous Coward 519619
Who is "they"?
It is the rich who will be able to best endure the hardship
of the illegal taxation to come, that's the only way to
confiscate all the land/homes of the less financially sound.
It's like stepping on your less fortunate neighbors head
while treading water to survive.
Confiscation thru illegal taxation, that's the ticket!
Dog eat Dog....Get it???
Anonymous Coward User ID: 510300 10/7/2008 8:03 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
Top Area 51 ‘Stargate Commander’ Given Total Control Of $700 Billion US Bailout
The entire $700 billion bailout package just signed into law by President Bush has been put into the hands of one single man by the US Secretary of the Treasury Henry Paulson in one of the strangest moves yet committed by the United States in its managing the total collapse of the World’s entire financial structure.
What makes this move so strange is that the man being tasked with saving the entire Western banking structure is an Indian-American named Neel Kashkari [photo second left] who though currently serving as the senior advisor to the US Treasury Secretary is better known in Russian Intelligence circles as the American aerospace engineer known as the ‘Stargate Commander of Area 51’ as prior to his entering the higher echelons of the US financial structure was one of NASA’s top scientists who created, among other technological wonders, the James Webb Space Telescope which is due to replace the failing Hubble.
Mr. Kashkari, these reports state, was employed by the American defense conglomerate TRW, which among its many government contracts includes its ultra secret projects at the Groom Lake, Nevada, otherwise known as Area 51:
“Area 51”, officially designated as an "operating location near Groom Lake, Nevada", is the nation's leading-edge aerospace research, development and testing complex, managed by the Air Force Flight Test Center Detachment 3 (AFFTC DET 3), headquartered at Edwards Air Force Base in Southern California.
This sprawling Nevada site is one of America's most vital conglomerate defense R & D complexes with a primary emphasis on weapons systems integration with avionics and aeronautics, employing an average of anywhere from 1200 to 1800 defense contractors personnel who work with various projects under highly compartmentalized programs and in various shifts and durations, such as on daily basis, weekly or even months-long assignments. The huge complex is equipped with fully sufficient accommodations for the contractors personnel who need to stay on the base until their assignments or projects are completed.”
These reports further state that Mr. Kashkari had just returned to the United States from Iraq where he was the lead investigator into the mass suicide of American troops attempting to ‘open’ what is described as a ‘stargate’ in the ancient Iraqi city of Babylon, and as we had previously reported on in our September 10th report “US Troops Commit Mass Suicide After Babylon ‘Stargate’ Opened”.
This task was particularly suited to Mr. Kashkari, these reports continue, due to his previous work with what is described as the ‘ancient technology’ currently being held by the United States at their Area 51 complex, and which has long been rumored to also hold the remains of aliens and their spacecrafts retrieved by the Americans over the past 60 years, and which earned him the Russian Intelligence codename of ‘Stargate Commander’.
Though it will most certainly pass without either knowledge, or comment, among the American people why the staggering sum of $700 billion entrusted by them to their government is going to an aerospace engineer instead of a World-Class economist, it has not escaped ours, especially when viewed in the light of these Americans last attempt to open the Babylon Stargate which resulted in the near destruction of CERN’s Large Hadron Collider (LHC) which was being used as the ‘power source’ for this attempt to ‘contact the gods’, and which we had reported on previously in our September 11th report “CERN Attempt To ‘Talk To God’ Nails Heart Of Earth…Again”.
Anonymous Coward User ID: 510300 10/7/2008 9:12 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
What forms of assets should the common man put his cash into?
Raw rural land in a low tax state bought with cash (no mortgage) is an excellent idea. You can buy great land for 4k per acre.
In parts of my state land can be had for 1500 or 2000 an acre.
Wait for unemployment to skyrocket and GNP to dive, then land will be the price of chicken feed.
Quoting: Anonymous Coward 510300
no, exactly wrong. Because the dollar will have collapsed. It might be chickenfeed in today's dollars but in a devalued dollar it would be unaffordable.
Anonymous Coward User ID: 131036 10/7/2008 9:20 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
And where, pray tell, are they going to get a bag full of money? With no jobs? And no credit?
I think you know the ultimate answer, as well as the ultimate result.
Dropping bills from a helicopter?
I doubt it...
Quoting: Anonymous Coward 510300
I meant flooding the economy with dollars, with the result of devaluing it greatly.....the ultimate result would be mortgage defaults on an even larger scale than now....resulting in the transfer of more and more real property to the banking entities...
The banks would keep the reasonably good mortgages, ones they get to cherry pick, then they are guaranteed an endless supply of OUR money to buy up the toxic garbage.
This is the biggest heist in all history....and to see Bernanke's coolness about it today on TV literally made me sick to my stomach.
Anonymous Coward User ID: 131036 10/7/2008 9:38 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
The FINANCIERS are exacerbating this crisis on a worldwide scale....They want THEIR financial institutions returned to solvency and they are betting that the Governments of the world will surrender all MONETARY CONTROL via their federal banking systems....This was planned... and once these PIRATES finish looting the till, they'll plunge the world into economic chaos....
Anonymous Coward User ID: 510300 10/7/2008 11:07 PM
Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch
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