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FED To Buy $500 billion to $1 trillion in government debt

 
Anonymous Coward
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11/03/2010 02:03 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
bump
Anonymous Coward
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11/03/2010 02:03 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
The Fed's big gamble: Here's what could go wrong

yorkie 3 minutes ago

this is just the beginning. Does the name Robert Mugabe mean anything to you? It should.[color=red] The United States is now instituting policies that Mugabe instituted in Zimbabwe. If you don't know what happened in Zimbabwe when Mugabe began monetizing debt, by all means do the the research yourself and find out exactly what occurred.

the Fed is a semi private central bank that illegally creates fiat currency that has no backing other than the coercive power of government. The Federal Reserve is also no more a Federal agency than Federal Express would be considered.....


The Fed is in place so the government can borrow an unlimited amount of money at any time to finance its reckless spending projects. Whether they be a war, social programs or bailouts like we witnessed in 2008. The government likes the fed because they can then spend far more than they take in from taxes on various programs that we can't afford as a country or on the expansion of the American Empire under the guise of spreading freedom and democracy around the globe. By being in place, we the people, then pay back for their reckless spending, thru the hidden tax of inflation. If you learn nothing else, understand that inflation is, in fact, a tax!

If the Fed did not exist. And the congress can end the fed at any time, they created it by passing the Federal Reserve Act in 1913. Then the government would have to "ask" the american people to pay for any project in the form of direct taxes. A certain amount per family per year. We also would no longer have to pay a semi private company interest in order to finance our own government.

I sincerely hope americans wake up and wake up soon. Unfortunately, time is running

bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag

Just because you lie like hell does not mean that any of your insane lies have any truth to them.
 Quoting: JoeNeubarth




You need to prove that these are lies or not, and not just fly bs flags because you feel like it. You are shilling and look both desperate and stupid.
JoeNeubarth

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11/03/2010 02:11 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag bsflag

Just because you lie like hell does not mean that any of your insane lies have any truth to them.




You need to prove that these are lies or not, and not just fly bs flags because you feel like it. You are shilling and look both desperate and stupid.
 Quoting: Anonymous Coward 1147554

I have already explained over and over again you clown. Learn how to read.
1st Place in Novel Sales for 6 yrs!
[link to www.mobipocket.com]
Anonymous Coward
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11/03/2010 02:13 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
How soon do we have to pay the money back if we borrow from the FED????? That is right, we really never have to pay it back if we borrow interest free from the FED.

And to think, there are stupid shits like RON PAUL who want to do away with the FED. That asshole is insane.


what a retard! money for nothing??? more like money is now worth nothing! took awhile before they learned how to handle it?? paid the war debt and kept us out of a depression? lol handle what?---print money now to be broke later??? what a retard--no interest---oh joy that means we just owe what they print ??? oh wonderbar! forgot about germany did we?
BigNutChuck  (OP)

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11/03/2010 02:14 PM

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Re: FED To Buy $500 billion to $1 trillion in government debt
Why are central banks such as the fed needed again?

Very simply, the FED is not like most central banks. Still there is the need to finance economic corrective matters to prevent Depressions in a country. The FED was born because the US was incapable of dealing with Depressions. Now that we have the FED independent of the US government (but pledged to support same), the US can deal with strong negative economic moves. It took the US a while to learn how to use the tools that the creation of the FED gave us, but now it appears to be working. We have managed to hold off the potentially greatest economic Depression in world history in the past three years because of FED action.

God Bless Bernanke!

The system works. It is not absolutely perfect, but it sure beats what we had before the FED was created just prior to WWI. Because of the FED we were able to finance our war expenditures in that war.

God bless the FED.

The pathological liars on this forum will repeatedly lie and say the FED prints money. It does not. The Treasury does. The Treasury also prints the Bonds and short term Notes that the government used to fund deficit spending.

The FED buys those notes and bonds to keep the interest rate on them low. Any note of Bond that the FED buys is essentially interest free to the US govenment. That is a damn good deal.

How much money can the US government borrow if it is interest free borrowing?????? That is right. The amount is unlimited.

How soon do we have to pay the money back if we borrow from the FED????? That is right, we really never have to pay it back if we borrow interest free from the FED.

And to think, there are stupid shits like RON PAUL who want to do away with the FED. That asshole is insane.
 Quoting: JoeNeubarth


Can understand some of you argument even though I don't agree, but when you say "God Bless Bernanke!"

Too Far



yoda

dark

angry

siren2
Rather die standing than live kneeling
JoeNeubarth

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11/03/2010 02:18 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
what a retard! money for nothing??? more like money is now worth nothing! took awhile before they learned how to handle it?? paid the war debt and kept us out of a depression? lol handle what?---print money now to be broke later??? what a retard--no interest---oh joy that means we just owe what they print ??? oh wonderbar! forgot about germany did we?
 Quoting: Anonymous Coward 1151271



Wake the fuck up you ignorant buffoon. Money is a medium of exchange. If we wanted to order the FED to destroy in a massive bond fire the 7 Trillion dollars in paper debt that they how hold, they would do it. But, it would be better to wait until it is 14 trillion. Don't you see, you are looking at a medium of exchange as if it were a commodity. It is not a commodity. It is just a medium of exchange. To facilitate exchange we can create Trillions of electronic dollars for a season and then make them disappear when that season is over.

Oh, to answer your foolish question about Germany. Germany did not have the FED. Only the United States of America has a FED. It is the greatest invention of all time.

When you have borrowed money at ZERO interest, you have effectively not Borrowed money at all. You have just facilitated the exchange of money. That is what the FED allows us to do. Amazing, isn't it?

Last Edited by JoeNeubarth on 11/03/2010 02:21 PM
1st Place in Novel Sales for 6 yrs!
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2010

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11/03/2010 02:18 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
For immediate release

Information received since the Federal Open Market Committee met in September confirms that the pace of recovery in output and employment continues to be slow. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software is rising, though less rapidly than earlier in the year, while investment in nonresidential structures continues to be weak. Employers remain reluctant to add to payrolls. Housing starts continue to be depressed. Longer-term inflation expectations have remained stable, but measures of underlying inflation have trended lower in recent quarters.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate. Although the Committee anticipates a gradual return to higher levels of resource utilization in a context of price stability, progress toward its objectives has been disappointingly slow.

To promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to expand its holdings of securities. The Committee will maintain its existing policy of reinvesting principal payments from its securities holdings. In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. The Committee will regularly review the pace of its securities purchases and the overall size of the asset-purchase program in light of incoming information and will adjust the program as needed to best foster maximum employment and price stability.

The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.

The Committee will continue to monitor the economic outlook and financial developments and will employ its policy tools as necessary to support the economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate.

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; James Bullard; Elizabeth A. Duke; Sandra Pianalto; Sarah Bloom Raskin; Eric S. Rosengren; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Voting against the policy was Thomas M. Hoenig. Mr. Hoenig believed the risks of additional securities purchases outweighed the benefits. Mr. Hoenig also was concerned that this continued high level of monetary accommodation increased the risks of future financial imbalances and, over time, would cause an increase in long-term inflation expectations that could destabilize the economy.
JoeNeubarth

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11/03/2010 02:25 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
germans, been there, done that, had a wall . . .. kraziez!
 Quoting: Anonymous Coward 811871


So, you are Crazy? What else is new. The FED deposits all US government interest payments into the US Treasury so we can use that money to pay the interst payment the next month and the month after that and so on ad infinitum.

That, podner, means the notes that those payments were made for are in actuality interest free. Think about it for a while and it may be that you brain will finally understand the concept.
1st Place in Novel Sales for 6 yrs!
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Anonymous Coward
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11/03/2010 02:25 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
I don't take credit for the following quote! I read it on this site awhile ago, basically the same topic.
paraphrasing

"oh joy, everything is fine...fed buys our debt" then one poster says "is that ok...fed buying our debt?"

poster says "oh yes, basically its like this...Wallmart buys everything in there own store, and says sales are up we are doing great!" LOL
that is the kind of thinking the shill has (AND EVERYONE WHO THINKS AS HE DOES)flying his bs flags!!!
Anonymous Coward
User ID: 1149523
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11/03/2010 02:32 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
germans, been there, done that, had a wall . . .. kraziez!


So, you are Crazy? What else is new. The FED deposits all US government interest payments into the US Treasury so we can use that money to pay the interst payment the next month and the month after that and so on ad infinitum.

That, podner, means the notes that those payments were made for are in actuality interest free. Think about it for a while and it may be that you brain will finally understand the concept.
 Quoting: JoeNeubarth


So the Fed has the assets to cover the loans to the treasury?
Anonymous Coward
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11/03/2010 02:35 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
germans, been there, done that, had a wall . . .. kraziez!


So, you are Crazy? What else is new. The FED deposits all US government interest payments into the US Treasury so we can use that money to pay the interst payment the next month and the month after that and so on ad infinitum.

That, podner, means the notes that those payments were made for are in actuality interest free. Think about it for a while and it may be that you brain will finally understand the concept.


So the Fed has the assets to cover the loans to the treasury?
 Quoting: Anonymous Coward 1149523



Are you there, Joe?
Anonymous Coward
User ID: 1149523
Australia
11/03/2010 02:36 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
I mean, before you loan money you need money or assets, right?
BigNutChuck  (OP)

User ID: 1149035
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11/03/2010 02:38 PM

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Re: FED To Buy $500 billion to $1 trillion in government debt
I mean, before you loan money you need money or assets, right?
 Quoting: Anonymous Coward 1149523


ohyeah
Rather die standing than live kneeling
Anonymous Coward
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11/03/2010 02:38 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
Are you there, Joe?
Anonymous Coward
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11/03/2010 02:39 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
I mean, before you loan money you need money or assets, right?
 Quoting: Anonymous Coward 1149523

.........................................................
.............................................................​
NOT according to the shill it will just go away....lol
Anonymous Coward
User ID: 1148722
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11/03/2010 02:40 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
welKome to tHiRD wOrld AmeriKa!
BigNutChuck  (OP)

User ID: 1149035
United States
11/03/2010 02:42 PM

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Re: FED To Buy $500 billion to $1 trillion in government debt
I mean, before you loan money you need money or assets, right?

.........................................................
.............................................................​
NOT according to the shill it will just go away....lol
 Quoting: Anonymous Coward 1151271



The shill is now on the other pinned fed post, lol
Rather die standing than live kneeling
Anonymous Coward
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11/03/2010 02:43 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
I appreciate your patience with me Joe, but I don't understand why the fed would loan trillions of dollars to the treasury at zero interest.

They must have so much that they can afford to give to the treasury for nothing, right?

I wish I was as rich as the fed sometimes.
IB6UB9

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11/03/2010 02:47 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
When all is gone, They will have everything, purchased with bullshit paper..When is this going to stop. Hell, even a dummy can see what the hell is happening here.
Anonymous Coward
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Canada
11/03/2010 02:47 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
I don't know about you, but I don't know of any government agency that is incorporated.
 Quoting: Is-It-True


Well the agencies dont have to incorporate because they are already operating under the corporation that is the government.

Awesome post though, sing it and bring it!

hf
Anonymous Coward
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11/03/2010 02:49 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
neubarth is an obvious jew that works at the fed
 Quoting: Anonymous Coward 1151227


get the joo
Anonymous Coward
User ID: 1151271
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11/03/2010 02:51 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
that shill is living in never never land....like never have to pay it back etc.. its just figures...its just computer generated its just numbers.... lol

please ...is this why China and Russia are demanding there be a change to the way the fed operates?
it was posted up here on GLP and I think it was China and Russia demanding we change our ways and someone monitor the U.S. on there ability to print $$$$$$$$ ,,,
BIBLE PROPHECY soon we will see a one world leader
BigNutChuck  (OP)

User ID: 1149035
United States
11/03/2010 02:56 PM

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Re: FED To Buy $500 billion to $1 trillion in government debt
that shill is living in never never land....like never have to pay it back etc.. its just figures...its just computer generated its just numbers.... lol

please ...is this why China and Russia are demanding there be a change to the way the fed operates?
it was posted up here on GLP and I think it was China and Russia demanding we change our ways and someone monitor the U.S. on there ability to print $$$$$$$$ ,,,
BIBLE PROPHECY soon we will see a one world leader
 Quoting: Anonymous Coward 1151271



Very well could be some bible prophecy. Also alot of Nov doom predicted and this announcement might be the start of a very interesting month. Right now the dollar is all over the place, lol.

[link to quotes.ino.com]
Rather die standing than live kneeling
Anonymous Coward
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11/03/2010 02:56 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
[link to finance.yahoo.com]

Great investment, the Fed's are gonna make a small profit (interest) and the White House could use that profit to help pay for Public programs.

peace



You are sort of on track.

The FED takes the interest the the US Government pays on the bonds and notes and deposits it in the US Treasury. We are free next month to use it again to pay that month's interest.

Thus, you see, we really do not pay interest on the Bonds and Notes when the FED owns them. Best damn system in the world.
 Quoting: JoeNeubarth

You sort of said what I said.

The Feds also buy mortgages and if the owners can't meet their payments the banks and the Fed's own the home.

REAL ESTATE -- REAL ASSETS

The Feds turns the National Debt into National "assets" Wealth.

peace
Edmond Dantes

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11/03/2010 02:59 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
This annnouncement comes after the presidential address ...before/ during an exodus of 200 CEO's and others on the way to INDIA to discuss ''business'' per the presidential address.

I have said it before I will say it again O&G run the fed. O&G traders run O&G.

I wonder who will be accompanying the president that needs that kind of security that DWARFS the presidents' own?

The real kings of the Earth are going to meet the very real powers on Earth.

My .02
1:1.618 ratio
Anonymous Coward
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11/03/2010 03:02 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
The FED has nationalized the money supply. Call me crazy, but a VERY deflationary move, imho.
Anonymous Coward
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11/03/2010 03:02 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
[link to finance.yahoo.com]

Great investment, the Fed's are gonna make a small profit (interest) and the White House could use that profit to help pay for Public programs.

peace



You are sort of on track.

The FED takes the interest the the US Government pays on the bonds and notes and deposits it in the US Treasury. We are free next month to use it again to pay that month's interest.

Thus, you see, we really do not pay interest on the Bonds and Notes when the FED owns them. Best damn system in the world.

You sort of said what I said.

The Feds also buy mortgages and if the owners can't meet their payments the banks and the Fed's own the home.

REAL ESTATE -- REAL ASSETS

The Feds turns the National Debt into National "assets" Wealth.

peace
 Quoting: Anonymous Coward 1010900


But look at the risk the fed takes.
They've earnt those homes.
Anonymous Coward
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11/03/2010 03:02 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
Oh joy!

Future Enslavement!
 Quoting: Anonymous Coward 1020518


I for one welcome our new Chinese overlords
jamesofthecommons

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11/03/2010 03:05 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
The Fed's big gamble: Here's what could go wrong

yorkie 3 minutes ago

this is just the beginning. Does the name Robert Mugabe mean anything to you? It should.[color=red] The United States is now instituting policies that Mugabe instituted in Zimbabwe. If you don't know what happened in Zimbabwe when Mugabe began monetizing debt, by all means do the the research yourself and find out exactly what occurred.

the Fed is a semi private central bank that illegally creates fiat currency that has no backing other than the coercive power of government. The Federal Reserve is also no more a Federal agency than Federal Express would be considered.

If you go to the Fed's own website, whether it be the Fed in Atlanta, New York, San Francisco or Dallas..it says right on its' monogram..Federal Reserve Bank Incorporated..established May 18, 1914. I don't know about you, but I don't know of any government agency that is incorporated.

The Fed is in place so the government can borrow an unlimited amount of money at any time to finance its reckless spending projects. Whether they be a war, social programs or bailouts like we witnessed in 2008. The government likes the fed because they can then spend far more than they take in from taxes on various programs that we can't afford as a country or on the expansion of the American Empire under the guise of spreading freedom and democracy around the globe. By being in place, we the people, then pay back for their reckless spending, thru the hidden tax of inflation. If you learn nothing else, understand that inflation is, in fact, a tax!

If the Fed did not exist. And the congress can end the fed at any time, they created it by passing the Federal Reserve Act in 1913. Then the government would have to "ask" the american people to pay for any project in the form of direct taxes. A certain amount per family per year. We also would no longer have to pay a semi private company interest in order to finance our own government.

I sincerely hope americans wake up and wake up soon. Unfortunately, time is running
 Quoting: Is-It-True


Yesterday,tens of millions of Americans voted for the party that supports giving international corporations huge tax breaks or, outright tax exemptions.The semi private ''FED'' is ''at least in part'' ownend by those same international corporations !
The real problem here is not that our money is ''fiat,''but the fact that our money is printed and placed in circulation, by private enities concernend primarly with their own private profits.Those same private enities also own our government,and in reality, they are our government !

To sum it up,we are a nation that is owned by a small handfull of private elitists;and yesterday,millions of Americans voted to keep it that way.
Anonymous Coward
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Canada
11/03/2010 03:07 PM
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Re: FED To Buy $500 billion to $1 trillion in government debt
neubarth is an obvious jew that works at the fed
 Quoting: Anonymous Coward 1151227


Actually, when taking his commentary up against the likes of yours he seems like the biggest NON-tard on here!

Seriously, all you doomsayers post links to PM true believers who have been crying "the sky is falling" for decades, fringe wierdos, guys with newsletters to sell and nonsense sites like shadowstats and zerohedge (the GLP of financial reporting) and so on.





GLP