Central Banking is Socialism

[Andylusion]

Nice try at changing the subject !!

no, NC addressed it, and has done so repetitively

What we're seeing is a clear indicator that the Fed has lost the ability to control the cost of money. This was predictable. That it lasted fifty years before finally destroying the dollar is surprising, but we're witnessing the end of it.

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

~S~

Yes, and every commodity backed system has met an end.... Name one that hasn't.

 

[sparky]

Nice try at changing the subject !!

no, NC addressed it, and has done so repetitively

What we're seeing is a clear indicator that the Fed has lost the ability to control the cost of money. This was predictable. That it lasted fifty years before finally destroying the dollar is surprising, but we're witnessing the end of it.

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

~S~

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

How are all the gold and silver backed currencies doing today?

you tell me, if you can find one Todd

~S~

 

[sparky]

Nice try at changing the subject !!

no, NC addressed it, and has done so repetitively

What we're seeing is a clear indicator that the Fed has lost the ability to control the cost of money. This was predictable. That it lasted fifty years before finally destroying the dollar is surprising, but we're witnessing the end of it.

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

~S~

Yes, and every commodity backed system has met an end.... Name one that hasn't.

a fiat system is not a commodity system

~S~

 

[sparky]

Every bank is a stock holder, except for the Federal Reserve. They have to have congress give them the ability to buy company assets. Again, what private bank has to ask permission to buy investments? None. No bank anywhere, needs congress to allow them to buy something.

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve. The program began in January 2013 and ended in October 2014. Through QE4, the Fed bought long-term U.S. Treasury notes using credit it created. ... Almost all banks are members of the Federal Reserve System.

Only the Federal Reserve, because the Federal Reserve is run by the government.

seems you got that backwards....

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

~S~

 

[sparky]

Our Federal Reserve is neither federal, nor a reserve.

They are private banking industry comprised of a dozen 'member banks' each having geographical designates.

Our government no longer controls them, because our government is so hopelessly in debt, sadly it's much the other way 'round....

Objectively, allowing this industry monetary responsibility in 1913, has resulted in them being in control of marco economic structure

and some want me to think this is 'capitalism'.....?

~S~

This is so dumb. I don't know how you people can even attempt to argue this, when they posted from their own links, contradictions to the claim.

Boston Federal Reserve President Eric Rosengren has suggested that Congress allow the Federal Reserve to add assets of private companies to the Fed’s already large balance sheet.
- From the OP of the thread.​

Now, please explain to me... if the Federal Reserve is not controlled by the Federal Government.... Please name for me, one single private bank in the entire country that is not allowed to purchase the assets of private companies, and also explain to me why the Federal Reserve would need to have Congress allow them to do this?

If you are not able to explain why either of these things are so... then can we please, for the last time, bury this ridiculously ignorant, and brainlessly stupid claim that the Federal Reserve is not controlled by government?

You really don't get it, do you?

You don't know how the Federal Reserve Act was passed in the first place, do you? That explains why you don't understand how the whole system works, nor why the politicians in D.C., or all the high level members of the interlocking directorate make bank.

See post #18



Now, as far as naming a single bank that is a stock holder? Nope, we can't have that information because it is Top Secret, it is exempted from FOIA requests on the basis of "National Security" purposes, but most believe that many of those banks, in fact, lay in Europe.

Among them are the Bank of England and Deutsche Bank.

You don't know how the Federal Reserve Act was passed in the first place, do you?

It was endlessly debated for months and months and months.
A majority of the House and Senate voted yes. The President signed it into law.

Now, as far as naming a single bank that is a stock holder? Nope, we can't have that information because it is Top Secret,

Here are some.

View attachment 311858
Bank Holding Companies - Federal Reserve Members - Federal Reserve Bank of Richmond


And some more......

View attachment 311859

State Member Banks - Federal Reserve Members - Federal Reserve Bank of Richmond

And even more...…..

View attachment 311860

Savings and Loan Holding Companies - Federal Reserve Members - Federal Reserve Bank of Richmond

it is exempted from FOIA requests on the basis of "National Security" purposes,

It took me 30 seconds to find the above on Google.

Here's a list from 1914.

https://fraser.stlouisfed.org/files/docs/historical/federal reserve history/rboc/rboc_memberbanks_19140527.pdf

but most believe that many of those banks, in fact, lay in Europe.

Nope. Not a single one.

Our Nations top welfare queens revealed.....~S~

 

[Toddsterpatriot]

Nice try at changing the subject !!

no, NC addressed it, and has done so repetitively

What we're seeing is a clear indicator that the Fed has lost the ability to control the cost of money. This was predictable. That it lasted fifty years before finally destroying the dollar is surprising, but we're witnessing the end of it.

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

~S~

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

How are all the gold and silver backed currencies doing today?

you tell me, if you can find one Todd

~S~

They must have met a similar end.....

 

[Toddsterpatriot]

Every bank is a stock holder, except for the Federal Reserve. They have to have congress give them the ability to buy company assets. Again, what private bank has to ask permission to buy investments? None. No bank anywhere, needs congress to allow them to buy something.

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve. The program began in January 2013 and ended in October 2014. Through QE4, the Fed bought long-term U.S. Treasury notes using credit it created. ... Almost all banks are members of the Federal Reserve System.

Only the Federal Reserve, because the Federal Reserve is run by the government.

seems you got that backwards....

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

~S~

The Federal Reserve Banks are not a part of the federal government,

Follow the money.
The Federal Reserve makes huge profits.
Where do the profits go?

 

[Andylusion]

Nice try at changing the subject !!

no, NC addressed it, and has done so repetitively

What we're seeing is a clear indicator that the Fed has lost the ability to control the cost of money. This was predictable. That it lasted fifty years before finally destroying the dollar is surprising, but we're witnessing the end of it.

correct me if i am wrong NC, but every fiat in human history has met a similar end....???

~S~

Yes, and every commodity backed system has met an end.... Name one that hasn't.

a fiat system is not a commodity system

~S~

.......... right.......

Nothing in my post suggested they were the same.

You or someone, said that every fiat in human history has met a similar end.

I pointed out... yes and every commodity backed system has met a similar end.

 

[Andylusion]

Every bank is a stock holder, except for the Federal Reserve. They have to have congress give them the ability to buy company assets. Again, what private bank has to ask permission to buy investments? None. No bank anywhere, needs congress to allow them to buy something.

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve. The program began in January 2013 and ended in October 2014. Through QE4, the Fed bought long-term U.S. Treasury notes using credit it created. ... Almost all banks are members of the Federal Reserve System.

Only the Federal Reserve, because the Federal Reserve is run by the government.

seems you got that backwards....

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

~S~

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

They can't. First, if they could do that, then the sub-prime melt down should never have caused a single bank failure.
If they can in fact walk out of the US Treasury with a truck full of Tnotes.... then explain where IndyMac is right now. Explain where Lehman and Bear Stearns is now.

They don't exist. So why didn't they just walk out of the treasure with trucks of Tnotes, and pay off all their debts with Tnotes?

Because they can't. Moving on....

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve.

QE is not a cash giveaway. I've explained this before, but I'll do it again here. The way that QE works is thus:

So you have a T-Bill, and you run a bank. I am the Fed. I will purchased from you, your T-Bill.

However, I do not give you any money for it. Instead what I give you is a credit to your reserve account.

Now why would you, as the bank do this, if you don't get any money from it? You do this because the government, through the Federal Reserve, requires that you as a bank, have a reserve account at the Federal Reserve.

So QE is neither a "something for nothing" money giveaway, and in fact it is not quite even a direct purchase either, since I'm not giving you any money in the process.

Now you might be asking, why are the banks not screaming about this, if they are losing assets and gaining nothing really in the process?

The answer is, that having a larger capital reserve account at the Fed, means you are generally able to make more loans, at a lower interest rate. Obviously the more reserves you have, the more loans you can make.

So while QE isn't a spectacular win for banks, it also isn't a loss.

seems you got that backwards....
The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

No, I don't have it backwards.

If the Federal Reserve chairman is appointed by the Federal Government, and answers to the Federal Government... then it isn't private. Period.

My private bank has had it's CEO appointed by the Fed.Gov zero times. My private bank's CEO has reported to the Fed.Gov zero times. My private bank does not have to ask permission, or report on the economy, or appeal for authority to engage in anything.

My private bank does not have to get approval from Congress, to buy private assets.

That's because my private bank is.... not run by the government. The Federal Reserve is.

The Federal Reserve is run by the government, period. End of story. It does not act, nor function like a private bank, because it isn't a private bank. The end.

 

[Andylusion]

Every bank is a stock holder, except for the Federal Reserve. They have to have congress give them the ability to buy company assets. Again, what private bank has to ask permission to buy investments? None. No bank anywhere, needs congress to allow them to buy something.

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve. The program began in January 2013 and ended in October 2014. Through QE4, the Fed bought long-term U.S. Treasury notes using credit it created. ... Almost all banks are members of the Federal Reserve System.

Only the Federal Reserve, because the Federal Reserve is run by the government.

seems you got that backwards....

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

~S~

The Federal Reserve Banks are not a part of the federal government,

Follow the money.
The Federal Reserve makes huge profits.
Where do the profits go?

The Federal Reserve Banks are not a part of the federal government,

Follow the money.
The Federal Reserve makes huge profits.
Where do the profits go?

It's so obvious to you and me, isn't it?

Federal Reserve sends record $97.7-billion profit to Treasury

The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury​

All of you debating me and Todd here.....

Name one private bank "Not part of the federal government", that sends all their profits to the Federal Government?

(it's not going to work Todd. No amount of facts will convince these people)

 

[Toddsterpatriot]

Every bank is a stock holder, except for the Federal Reserve. They have to have congress give them the ability to buy company assets. Again, what private bank has to ask permission to buy investments? None. No bank anywhere, needs congress to allow them to buy something.

And you'll further explain how 'private banks' can walk out of the US treasury with a truck full 'o Tnotes Andy?

What is qe4?
QE4 was the fourth round of quantitative easing established by the Federal Reserve. The program began in January 2013 and ended in October 2014. Through QE4, the Fed bought long-term U.S. Treasury notes using credit it created. ... Almost all banks are members of the Federal Reserve System.

Only the Federal Reserve, because the Federal Reserve is run by the government.

seems you got that backwards....

The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public? ... While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations.

~S~

The Federal Reserve Banks are not a part of the federal government,

Follow the money.
The Federal Reserve makes huge profits.
Where do the profits go?

The Federal Reserve Banks are not a part of the federal government,

Follow the money.
The Federal Reserve makes huge profits.
Where do the profits go?

It's so obvious to you and me, isn't it?

Federal Reserve sends record $97.7-billion profit to Treasury

The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury​

All of you debating me and Todd here.....

Name one private bank "Not part of the federal government", that sends all their profits to the Federal Government?

(it's not going to work Todd. No amount of facts will convince these people)

These idiots read an idiotic website or an idiotic book, and they'll repeat this BS until they die.
How silly.

 

[sparky]

No amount of facts

We'll let you know when you stumble on one Andy

~S~

 

[sparky]

Federal Reserve sends record $97.7-billion profit to Treasury

The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury

no comment on how those 'profits' were created Andy?

~S~

 

[Andylusion]

No amount of facts

We'll let you know when you stumble on one Andy

~S~

In every single post I've made. When you ever change your opinion to fit the facts, let me know.

 

[Andylusion]

Federal Reserve sends record $97.7-billion profit to Treasury

The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury

no comment on how those 'profits' were created Andy?

~S~

Well we already know how it was created. It was created from their open market operations.

Obviously the Federal Reserve, as I just said before, isn't handing out something for nothing. They are buying assets, and lending money. It is a bank after all. A bank run by the government.

My point was, still run by the government either way.

There is nothing wrong with $516 Trillion in derivatives.

 

[Toddsterpatriot]

Federal Reserve sends record $97.7-billion profit to Treasury

The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury

no comment on how those 'profits' were created Andy?

~S~

no comment on how those 'profits' were created Andy?

The Fed, like other Central Banks, can create money out of thin air.
They use this money to buy bonds.
The bonds have a higher interest rate than the Fed pays on reserve balances.
The Fed, after expenses, gives their remaining profits to the US Treasury.

 

[sparky]

The Fed, like other Central Banks, can create money out of thin air.

Now you're getting warmer Todd

~S~

 

[Toddsterpatriot]

The Fed, like other Central Banks, can create money out of thin air.

Now you're getting warmer Todd

~S~

Why would all the debt in our economy ever need to be repaid...…?

You're getting colder, Sparky.

 

[EdwardBaiamonte]

Setting prices that business can charge is the same as controlling the means of production.

??? The Fed sets price of cars and groceries??? How???And this gives them control of the means of production??? Marx said socialism was when govt owned businesses and controlled everything about business, not just the price of products made.

 

[Natural Citizen]

??? The Fed sets price of cars and groceries??? How???

The inflation tax.