You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #18: Another problem people don't get. The trillions in loans don't exist as taxpayer money. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:47 PM
Response to Original message
18. Another problem people don't get. The trillions in loans don't exist as taxpayer money.
Bank ABC needs a $50 billion loan - the Fed just creates the money temporarily, say for 60 days. Bank ABC repays $50 billion plus about $800,000 interest. The Fed "destroys" the $50 billion principal and pays the Treasury $800,000.

This process INFURIATES goldbugs (including the ones here).
Printer Friendly | Permalink |  | Top
  -Kucinich: Federal Reserve has captured control of our government babsbunny  Nov-29-11 05:20 PM   #0 
  - K & R! Keep speaking truth to power Dennis!  robertpaulsen   Nov-29-11 05:52 PM   #1 
  - K&R  redqueen   Nov-29-11 05:56 PM   #2 
  - "The Banks Own The Place."  blkmusclmachine   Nov-29-11 06:00 PM   #3 
  - You got that right, bankers run this Empire.  sarcasmo   Nov-30-11 07:04 PM   #27 
  - K&R  KoKo   Nov-29-11 06:02 PM   #4 
  - 7.7 trillion... and they have the audacity to blame our crisis on social programs  fascisthunter   Nov-29-11 06:04 PM   #5 
  - Absolutely! K & R this whole thread.  freshwest   Nov-29-11 08:24 PM   #14 
  - +1  sarcasmo   Nov-30-11 07:05 PM   #28 
  - #Occupy!  Fire Walk With Me   Nov-29-11 06:07 PM   #6 
  - K&R n/t  JohnyCanuck   Nov-29-11 06:31 PM   #7 
  - Crossposted in Political Videos  robertpaulsen   Nov-29-11 06:41 PM   #8 
  - occupy!  Huey P. Long   Nov-29-11 06:50 PM   #9 
  - Dennis is Occupy Congress. nt  Zorra   Nov-29-11 07:47 PM   #10 
  - Kicked and recommended!  Enthusiast   Nov-29-11 08:02 PM   #11 
  - I cannot believe no one has swooped in to sh*t on Kucinich yet... n/t  Earth_First   Nov-29-11 08:03 PM   #12 
  - Not worth it. You mean the Fed made emergency loans like it was set up to in 1913?  banned from Kos   Nov-29-11 08:08 PM   #13 
     - "the central bank secretly loaned nearly $8 trillion to financial institutions  Zorra   Nov-29-11 08:24 PM   #15 
        - I like the new law on this in Dodd-Frank - the Fed has two years to disclose all loans.  banned from Kos   Nov-29-11 08:33 PM   #16 
  - K&R Finally, the truth is being spoken.  woo me with science   Nov-29-11 08:35 PM   #17 
  - Another problem people don't get. The trillions in loans don't exist as taxpayer money.  banned from Kos   Nov-29-11 08:47 PM   #18 
  - that's OUR money!  annabanana   Nov-30-11 09:49 AM   #19 
  - How can it be "our" money?  fivepennies   Nov-30-11 10:38 AM   #22 
  - speak it Dennis!  babydollhead   Nov-30-11 10:12 AM   #20 
  - .  Huey P. Long   Nov-30-11 10:14 AM   #21 
  - And today, the Banksters  femrap   Nov-30-11 12:15 PM   #23 
  - +1  Electric Monk   Nov-30-11 02:42 PM   #24 
  - Error: you can only recommend threads which were started in the past 24 hours  Odin2005   Nov-30-11 06:52 PM   #25 
  - Time for the proles to rise up .  sarcasmo   Nov-30-11 07:03 PM   #26 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC