General Discussion

Hawkowl

(5,213 posts)

31. You are mistaken

Sun Jan 1, 2012, 06:18 PM

Jan 2012

The Federal Reserve is the consortium of private banks that act as primary dealers in US Treasury bonds, i.e; the Federal Reserve banks are responsible for purchasing and reselling US Treasuries which finance the Federal government. When China stopped by US bonds, the Fed steps in and buys the surplus.

Historically, (before the great motherfucker Reagan) the US only went into debt during war time. Therefore you can see how someone can jump to the conclusion (however illogical) that banks push for war because they can make money off lending to the government.

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Highlight:

Anti-Obama former top aide to Alan Grayson writes love letter to Ron Paul on CT blog [View all] banned from Kos Jan 2012 OP

Stoller's ProSense Jan 2012 #1

thank you. I missed that. Will delve into that now. banned from Kos Jan 2012 #2

I think in some areas, Paul has points mmonk Jan 2012 #3

Stoller is saying that the system is rotten, Obama is part of the problem, and libertarians leveymg Jan 2012 #4

I caught a piece on NPR earlier in which they interviewed several under-30 types at a Paul Rally. PeaceNikki Jan 2012 #6

That may be the most accurate thing I've seen posted today. leveymg Jan 2012 #7

this was a dominant theme at our holiday family gatherings -- vote for the outsider. nashville_brook Jan 2012 #18

Have people lost their minds? Ron Paul has been in Congress since 1976. TBF Jan 2012 #29

Thank you TBF, this is so true. joshcryer Jan 2012 #44

Hah, that's the perfect way to put it. TheWraith Jan 2012 #24

Untested? We've seen what capitalism does and Ron Paul only wants more of it. TBF Jan 2012 #27

I believe you speak for many here. Kaleko Jan 2012 #8

Stoller is not making a "valid argument" so you have missed my point. banned from Kos Jan 2012 #11

your point isn't valid, b/c it's not what Stoller is saying. nashville_brook Jan 2012 #16

The misnamed "audit the Fed" bill passed as part of Dodd-Frank and turned out to be banned from Kos Jan 2012 #25

Bullshit MFrohike Jan 2012 #35

yeah - the "audit" listed the loans. That is what central banks do - they make emergency loans. banned from Kos Jan 2012 #38

And that proves what? MFrohike Jan 2012 #40

Well said. This style is one I reject at all times. Bluenorthwest Jan 2012 #13

The key argument seems to be that there's a touch of statism at the heart of liberalism starroute Jan 2012 #14

Excellent analysis and questions, all. leveymg Jan 2012 #30

I don't doubt that the highly-placed Nazi sympathizers were a real threat starroute Jan 2012 #36

The decision to let the big fish fascisti go and haul in some small fry instead was also made by leveymg Jan 2012 #46

And this is why I have problems with the case of the Nazi saboteurs starroute Jan 2012 #37

Ex parte Quirin draws precedence from the military tribunals of the Civil War era. leveymg Jan 2012 #47

well said -- just finished reading the Stoller piece, and it's clearly not a love letter nashville_brook Jan 2012 #15

Absolutely wrong. This is the money quote from Stoller- banned from Kos Jan 2012 #28

You are mistaken Hawkowl Jan 2012 #31

Not close. Primary dealers do auction Treasuries but that is 1/100 of what the public Fed does. banned from Kos Jan 2012 #33

The Federal Reserve IS NOT THE GOVERNMENT!!! Hawkowl Jan 2012 #43

WHAT!?? His platform is stupid and impractical. Every point. PeaceNikki Jan 2012 #5

Sorry to hear that Grayson ever hired that guy, but MH1 Jan 2012 #9

Why are you "sorry" that Grayson "ever hired that guy"? brentspeak Jan 2012 #19

Because I've had my very own personal experience with Stoller. MH1 Jan 2012 #22

Meanwhile, would you care to comment on the points in my post about libertarianism? MH1 Jan 2012 #23

I don't like governmental libertarianism either brentspeak Jan 2012 #42

Another one for BFK's enemies list: Alan Grayson. Iggo Jan 2012 #10

when dems would stand for & act on something meaninful Paul is just a nuisance, but msongs Jan 2012 #12

he's not anti-Obama nor pro-Ron Paul Enrique Jan 2012 #17

This message was self-deleted by its author brentspeak Jan 2012 #20

k and r not for the OP but for the intelligent discussion following the op bbgrunt Jan 2012 #21

You've completely mischaracterized Stoller's article. girl gone mad Jan 2012 #26

Were we actually supposed to know what "CT" means to you? WinkyDink Jan 2012 #32

Apparently, "anything I disagree with". Ruby the Liberal Jan 2012 #34

So is this suppose to turn us against Grayson Raine Jan 2012 #39

No. Grayson is fine. I hope he is (re)elected. banned from Kos Jan 2012 #41

Wow, this kind of thread is what makes me proud of DU, you guys all rock! joshcryer Jan 2012 #45