Celebration
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Sun Dec-12-10 10:55 PM
Response to Reply #4 |
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So, the Fed gets interest on government securities, gives its owners a six percent dividend (oh and try auditing THAT sometime) and we pay taxes to pay the interest on our debt. So, we fund the Federal Reserve. They have a total monopoly on money, by law. We have to do business in Federal Reserve Notes. When the Fed expands their balance sheet by that much, they are putting our entire monetary system at risk. Foreign corporations are being bailed out with Federal Reserve Notes that have the same value as the ones that I worked hard to earn. It makes a bit of sense that we might not be too keen about this.
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| -It suddenly occurs to me that this whole tax cut boondoogle is one big red herring: |
BigBearJohn |
Dec-12-10 02:38 AM |
#0 |
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and the incoming chairman of the House Financial Services Committee has an interesting comment... |
Syrinx |
Dec-12-10 03:18 AM |
#1 |
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I hit recc and it jumped from 6 to 14 |
StarsInHerHair |
Dec-12-10 03:38 AM |
#2 |
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40,000? did i get the zeros right? |
Tunkamerica |
Dec-12-10 04:04 AM |
#9 |
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Everyone gets an overnight loan of $20, everynight for 4 years |
Taitertots |
Dec-12-10 04:12 AM |
#14 |
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$38,961.039 Google told me so... |
Bigmack |
Dec-12-10 01:39 PM |
#20 |
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Thank you ---- |
madmax |
Dec-12-10 06:43 PM |
#34 |
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so per person in the US vs. the Banksters, we'd gotten that much each |
StarsInHerHair |
Dec-12-10 07:39 PM |
#37 |
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Federal reserve money is not our money |
DeltaLitProf |
Dec-12-10 03:40 AM |
#3 |
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The Federal Reserve may not be "our money" |
Hydra |
Dec-12-10 03:52 PM |
#22 |
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Funny. Dallas Federal Reserve President Richard Fisher thinks it's our money. |
laughingliberal |
Dec-12-10 04:07 PM |
#24 |
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Where on earth did you get that idea? |
girl gone mad |
Dec-12-10 04:50 PM |
#26 |
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Ours when its a loss theirs when there's a profit. |
Scruffy1 |
Dec-12-10 11:59 PM |
#47 |
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you are right |
Celebration |
Dec-12-10 10:46 PM |
#42 |
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From the Federal Reserve FAQ site |
DeltaLitProf |
Dec-12-10 03:45 AM |
#4 |
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fine and dandy |
Celebration |
Dec-12-10 10:55 PM |
#44 |
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No one gave $12 trillion to the banks |
Taitertots |
Dec-12-10 03:54 AM |
#5 |
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You're right-those fuckers actually STOLE OUR MONEY. Let's call it what it is. |
earth mom |
Dec-12-10 03:55 AM |
#6 |
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That is even further from the truth |
Taitertots |
Dec-12-10 04:02 AM |
#7 |
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you're right, it wasn't $12 Trillion; the banks got $14 Trilllion! |
amborin |
Dec-12-10 06:46 PM |
#35 |
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Its well worthwhile to read the article that comes from |
bhikkhu |
Dec-13-10 12:46 AM |
#49 |
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I've noticed that every time this gets mentioned, you show up |
tkmorris |
Dec-12-10 04:09 AM |
#12 |
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When the same lie gets repeated, someone has to say something |
Taitertots |
Dec-12-10 04:18 AM |
#16 |
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Wouldn't correcting false statements MORE of the time be a good thing? |
BzaDem |
Dec-12-10 04:38 AM |
#18 |
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How are you missing those threads if you are there? You're accusing |
TBF |
Dec-12-10 09:48 PM |
#40 |
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I also see him everytime I look at threads about Fed |
Klingon |
Dec-13-10 12:56 AM |
#50 |
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6? |
Tunkamerica |
Dec-13-10 01:56 AM |
#59 |
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Do you have any verifyable sources on these, |
FrenchieCat |
Dec-12-10 04:03 AM |
#8 |
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source #1: |
Tunkamerica |
Dec-12-10 04:06 AM |
#10 |
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The problem is that this poster has no idea what they are talking about |
Taitertots |
Dec-12-10 04:07 AM |
#11 |
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It hardly matters does it? |
tkmorris |
Dec-12-10 04:15 AM |
#15 |
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The only reason you didn't know was because you choose not to know |
Taitertots |
Dec-12-10 04:28 AM |
#17 |
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That's totally false. |
girl gone mad |
Dec-12-10 04:54 PM |
#27 |
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Nope, you are wrong |
Taitertots |
Dec-13-10 01:34 AM |
#57 |
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Huh. This guy says it's the people's money: |
laughingliberal |
Dec-12-10 05:32 PM |
#29 |
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Too bad no one asked him |
Taitertots |
Dec-13-10 01:03 AM |
#52 |
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then why the heck |
druidity33 |
Dec-12-10 06:39 PM |
#33 |
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Because an audit is a bad idea |
Taitertots |
Dec-13-10 01:31 AM |
#55 |
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No ... Sen. Bernie Sanders demanded the info on what was lent to banks... |
defendandprotect |
Dec-12-10 11:27 PM |
#46 |
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Everyone who wanted to know, knew about discount lending rates |
Taitertots |
Dec-13-10 01:28 AM |
#54 |
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You're saying you know the interest rates and Sen. Bernie Sanders doesn't .... |
defendandprotect |
Dec-13-10 01:37 PM |
#60 |
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To be fair, that giant owl at the bohemian grove eats some very expensive satan chow. |
Warren DeMontague |
Dec-12-10 04:10 AM |
#13 |
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Here's what a trillion dollars looks like: |
CrispyQ |
Dec-12-10 01:20 PM |
#19 |
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That is TOTALLY boggling (and humbling). Now I know why it seems |
BigBearJohn |
Dec-13-10 01:34 AM |
#56 |
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Technically speaking the Fed provided over $13 trillion in short term |
madinmaryland |
Dec-12-10 02:16 PM |
#21 |
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Repaid with interest? SWeET! Now we can finance a Jobs Bill |
leftstreet |
Dec-12-10 03:55 PM |
#23 |
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+1 nt |
laughingliberal |
Dec-12-10 04:08 PM |
#25 |
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How did these insolvent banks get the money to pay back Fed loans.. |
girl gone mad |
Dec-12-10 05:10 PM |
#28 |
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Interesting. nt |
laughingliberal |
Dec-12-10 05:33 PM |
#30 |
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I'd like to see one of these "the loans were payed back with interest" posters.. |
girl gone mad |
Dec-12-10 06:13 PM |
#32 |
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Chicken feed ... |
GeorgeGist |
Dec-12-10 05:36 PM |
#31 |
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$14 trillion was the total size of the bailout: |
amborin |
Dec-12-10 06:48 PM |
#36 |
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Not really.. |
sendero |
Dec-12-10 07:43 PM |
#38 |
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That part scares me too. |
avaistheone1 |
Dec-12-10 11:10 PM |
#45 |
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We are awash in red herrings. nt |
Enthusiast |
Dec-12-10 09:44 PM |
#39 |
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Exactly. |
bhikkhu |
Dec-13-10 12:28 AM |
#48 |
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Yes it has occurred to quite a few of us. |
russspeakeasy |
Dec-12-10 10:30 PM |
#41 |
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Not a red herring . . . |
caseymoz |
Dec-12-10 10:50 PM |
#43 |
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Education is our friend, and our best tool in this case |
bhikkhu |
Dec-13-10 01:03 AM |
#51 |
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And Obama insists we must help those millionaires/billionaires with their tax relief |
Imagevision |
Dec-13-10 01:22 AM |
#53 |
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Yes they put a "shiny object" in front of us |
Raine |
Dec-13-10 01:51 AM |
#58 |
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Nowadays, the bright isn't so bright and the shiny isn't so shiny |
Horse with no Name |
Dec-13-10 01:40 PM |
#61 |
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