What the F Obama , He wants to raise the debt ceiling again

[Toddsterpatriot]

Still claiming the FRNs in your wallet belong to the Fed?

Once again you stupid son of a bitch when did I say that?
Thats two times you said that I said something when I didn't.
Don't call me a liar because I am not you.

You said it right here.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.

It belongs to the Federal Reserve.

Thanks. He doesn't know when to stop digging. LOL!

 

[bigrebnc1775]

You said it right here.

THINGS BELONG TO THE MAKER OF THOSE THINGS UNTIL THERE IS AN EXCHANGED MADE FOR THOSE THINGS.
A car belongs to the manufacture until a dealership buys it and then until a customer buys it from the dealership.
Printed paper money belongs to the fed until there is an exchange.
So kiss my ass you son of a bitch.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top. It belongs to the Federal Reserve.

LOL! If I pull out an FRN, it's because I already own it. It belongs to me.
Damn, you're one low IQ mother fucker.

Which I am still two digits higher than you cock sucker.

Dumb ass that is what I said

Printed paper money belongs to the fed until there is an exchange.

god damn you are one stupid cock sucking son of a bitch.

 

[bigrebnc1775]

Once again you stupid son of a bitch when did I say that?
Thats two times you said that I said something when I didn't.
Don't call me a liar because I am not you.

You said it right here.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.

It belongs to the Federal Reserve.

Thanks. He doesn't know when to stop digging. LOL!

And here we have the toad

 

[DSGE]

Once again you stupid son of a bitch when did I say that?
Thats two times you said that I said something when I didn't.
Don't call me a liar because I am not you.

You said it right here.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.

It belongs to the Federal Reserve.

Thanks. He doesn't know when to stop digging. LOL!

Yeah. And I thought my conversations with that guy who's always describing everything as "liberal" were tedious.

 

[bigrebnc1775]

Which means everyone sees you're a fucking liar.

Still claiming the Treasury buys FRNs?
Still claiming the Fed is private?
Still claiming the Fed didn't give the Treasury $78.4 billion last year?
Still claiming the FRNs in your wallet belong to the Fed?

god damn you are one stupid mother fucking son of a bitch lying dick sucking cock sucker.


Yes they do how else does a privately own bank make a profit?


Privately owned how many more time does it take to say that?


Exchanged the paper money for U.S. bonds

Still claiming the FRNs in your wallet belong to the Fed?

Once again you stupid son of a bitch when did I say that?
Thats two times you said that I said something when I didn't.
Don't call me a liar because I am not you.

The Treasury doesn't buy, or use, FRNs.
If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?
No, the $78.4 billion was not in exchange for anything. It was a gift.
You should stop getting so excited when I point out your stupid errors. You'll have a stroke.

If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?

Do you read or is it a problem
I have answered that

The Fed Exchanged the paper money for U.S. bonds

 

[bigrebnc1775]

You said it right here.

Thanks. He doesn't know when to stop digging. LOL!

Yeah. And I thought my conversations with that guy who's always describing everything as "liberal" were tedious.

patting yourself on the back for failing makes you look like an idiot.

 

[DSGE]

If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?

Do you read or is it a problem
I have answered that

The Fed Exchanged the paper money for U.S. bonds

See we've already supplied evidence that it was a gift: FRB: Federal Reserve Act: Section 7

By law it's required to be a gift.

Now how about you try supplying some evidence that it was in exchange for bonds.

 

[bigrebnc1775]

If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?

Do you read or is it a problem
I have answered that

The Fed Exchanged the paper money for U.S. bonds

See we've already supplied evidence that it was a gift: FRB: Federal Reserve Act: Section 7

By law it's required to be a gift.

Now how about you try supplying some evidence that it was in exchange for bonds.

I have done that in one of my earlier post. but stupid people as you and the toad have shown would never read it because it appears you didn't.

 

[DSGE]

Do you read or is it a problem
I have answered that

See we've already supplied evidence that it was a gift: FRB: Federal Reserve Act: Section 7

By law it's required to be a gift.

Now how about you try supplying some evidence that it was in exchange for bonds.

I have done that in one of my earlier post. but stupid people as you and the toad have shown would never read it because it appears you didn't.

Cool. So just link me to it. Link me to the evidence that it was in exchange for bonds.

 

[Toddsterpatriot]

THINGS BELONG TO THE MAKER OF THOSE THINGS UNTIL THERE IS AN EXCHANGED MADE FOR THOSE THINGS.
A car belongs to the manufacture until a dealership buys it and then until a customer buys it from the dealership.
Printed paper money belongs to the fed until there is an exchange.
So kiss my ass you son of a bitch.

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top. It belongs to the Federal Reserve.

LOL! If I pull out an FRN, it's because I already own it. It belongs to me.
Damn, you're one low IQ mother fucker.

Which I am still two digits higher than you cock sucker.

Dumb ass that is what I said

Printed paper money belongs to the fed until there is an exchange.

god damn you are one stupid cock sucking son of a bitch.

Profanity and stupidity. You're a winner!

 

[Toddsterpatriot]

god damn you are one stupid mother fucking son of a bitch lying dick sucking cock sucker.


Yes they do how else does a privately own bank make a profit?


Privately owned how many more time does it take to say that?


Exchanged the paper money for U.S. bonds


Once again you stupid son of a bitch when did I say that?
Thats two times you said that I said something when I didn't.
Don't call me a liar because I am not you.

The Treasury doesn't buy, or use, FRNs.
If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?
No, the $78.4 billion was not in exchange for anything. It was a gift.
You should stop getting so excited when I point out your stupid errors. You'll have a stroke.

If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?

Do you read or is it a problem
I have answered that

The Fed Exchanged the paper money for U.S. bonds

I read your incorrect assertion.

In 2010 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2010 transfer totaled $78.4 billion. This amount represents a $31 billion increase over 2009's results, primarily the result of increased earnings on securities holdings during 2010.

I don't know how you reach your conclusion after I provided the real info.

Oh, right, it's because you're stupid.

 

[bigrebnc1775]

If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top. It belongs to the Federal Reserve.

LOL! If I pull out an FRN, it's because I already own it. It belongs to me.
Damn, you're one low IQ mother fucker.

Which I am still two digits higher than you cock sucker.

Dumb ass that is what I said

Printed paper money belongs to the fed until there is an exchange.

god damn you are one stupid cock sucking son of a bitch.

Profanity and stupidity. You're a winner!

oh is that all you have to say? Maybe you should apologize for doubting me. I tell you what you can do next time you are near one of the Fed banks go in side and try and take some of that paper money, without making an exchange for it.

 

[bigrebnc1775]

The Treasury doesn't buy, or use, FRNs.
If the Fed is privately owned, why did the Treasury get 98% of last year's earnings?
No, the $78.4 billion was not in exchange for anything. It was a gift.
You should stop getting so excited when I point out your stupid errors. You'll have a stroke.

Do you read or is it a problem
I have answered that

The Fed Exchanged the paper money for U.S. bonds

I read your incorrect assertion.

In 2010 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2010 transfer totaled $78.4 billion. This amount represents a $31 billion increase over 2009's results, primarily the result of increased earnings on securities holdings during 2010.

I don't know how you reach your conclusion after I provided the real info.

Oh, right, it's because you're stupid.

You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.

 

[Toddsterpatriot]

Which I am still two digits higher than you cock sucker.

Dumb ass that is what I said


god damn you are one stupid cock sucking son of a bitch.

Profanity and stupidity. You're a winner!

oh is that all you have to say? Maybe you should apologize for doubting me. I tell you what you can do next time you are near one of the Fed banks go in side and try and take some of that paper money, without making an exchange for it.

For doubting what? Your stupidity? No, I don't doubt that.

 

[Toddsterpatriot]

Do you read or is it a problem
I have answered that

I read your incorrect assertion.

In 2010 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2010 transfer totaled $78.4 billion. This amount represents a $31 billion increase over 2009's results, primarily the result of increased earnings on securities holdings during 2010.

I don't know how you reach your conclusion after I provided the real info.

Oh, right, it's because you're stupid.

You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.

Give away paper money? No, they don't do that. Not even once.

 

[bigrebnc1775]

Profanity and stupidity. You're a winner!

oh is that all you have to say? Maybe you should apologize for doubting me. I tell you what you can do next time you are near one of the Fed banks go in side and try and take some of that paper money, without making an exchange for it.

For doubting what? Your stupidity? No, I don't doubt that.

Toad I have proven you wrong move along son. You are embarrassing yourself

 

[DSGE]

Do you read or is it a problem
I have answered that

I read your incorrect assertion.

In 2010 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2010 transfer totaled $78.4 billion. This amount represents a $31 billion increase over 2009's results, primarily the result of increased earnings on securities holdings during 2010.

I don't know how you reach your conclusion after I provided the real info.

Oh, right, it's because you're stupid.

You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.

You're getting confused here. "Treasury bonds" originated from the Treasury, but they're held by the public. Everybody has treasuries, especially banks. So now think about this for half a second, what does the Fed target? The fed funds rate. Does buying bonds from the US Treasury affect the fed funds rate? No. Affecting the amount of bank reserves by buying bonds from banks does. The Fed buys treasuries from banks in the open market - hence open market operations - but does not buy bonds directly from the Treasury (since that is illegal).

 

[bigrebnc1775]

I read your incorrect assertion.

In 2010 the Federal Reserve System transferred most of its net income to the U.S. Treasury. The 2010 transfer totaled $78.4 billion. This amount represents a $31 billion increase over 2009's results, primarily the result of increased earnings on securities holdings during 2010.

I don't know how you reach your conclusion after I provided the real info.

Oh, right, it's because you're stupid.

You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.

Give away paper money? No, they don't do that. Not even once.

What in the fuck is wrong with you toad? Do you have a reading problem? No where in that post did I say that.

You're the one that is assuming the fed gives the paper money away they don't they exchange the paper for U.S. bonds from the treasury. Thats the way they have been doing it for years.

Read this slowly and let it sink in
The Federal reserve exchanges Federal Reserve Notes for U.S. bonds from the U.S. Treasury

 

[DSGE]

oh is that all you have to say? Maybe you should apologize for doubting me. I tell you what you can do next time you are near one of the Fed banks go in side and try and take some of that paper money, without making an exchange for it.

For doubting what? Your stupidity? No, I don't doubt that.

Toad I have proven you wrong move along son. You are embarrassing yourself

Hey, remember I asked you to link me some evidence that the $79ish billion the Fed gave to the Treasury was in exchange for bonds? I see you've just ignored that. You know that when you don't supply evidence that means you lose, right?

 

[Toddsterpatriot]

oh is that all you have to say? Maybe you should apologize for doubting me. I tell you what you can do next time you are near one of the Fed banks go in side and try and take some of that paper money, without making an exchange for it.

For doubting what? Your stupidity? No, I don't doubt that.

Toad I have proven you wrong move along son. You are embarrassing yourself

As soon as you prove the Fed is private.

As soon as you prove either Bernanke or Greenspan said what you claimed.

As soon as you prove the $78.4 billion wasn't a gift from the Fed.

As soon as you prove the FRNs in my wallet belong to the Fed.