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

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banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-29-11 08:47 PM
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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).
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  -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 
 

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