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

[Toddsterpatriot]

There was nothing to address just your false assumption.




Thanks for playing


FactCheck.org : Federal Reserve Bank Ownership

You just disproved your own claim.

Can you read?
Who owns the Federal Reserve Bank?

There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks

Who owns the Federal Reserve Bank?

The government owns the Federal Reserve.

Instead, it is an independent entity within the government, having both public purposes and private aspects.

From your own source. Thanks!

 

[bigrebnc1775]

The government doesn't buy FRNs. Why would they?

The government doesn't own the money they barrow it from the fed at a high interest rate.

The government doesn't borrow FRNs, from anyone.

You are an absolute idiot. What is wrote on the top of this bill?

The Federal reserve is not owned by the U.S. Government. Do you think the Fed gives the government the paper money?

 

[bigrebnc1775]

The question was

Q: Who owns the Federal Reserve Bank?

A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks.

Thats all you need to know. So you are dead wrong. The Fed is privately owned.

No that wasn't the question. The question was what the fuck a "currency bubble" is.

And no, that's not all you need to know. Because "ownership" doesn't mean anything here. Banks are forced to buy equity in the Fed, they get very little input in Fed policy. This is all an irrelevant tangent since I never mentioned the Fed! I gave you the definitions of "bubble" and "inflation" and asked you to explain what the fuck you were talking about.

The currency bubble
by MARTHA R. CARR
20 months ago | 745 views | 0 | 12 | |
One of the bigger obstacles to the US economy gaining substantial numbers of jobs is the battle over valuation of currency among different nations. The amount a currency is valued at is largely tied to the strength of their economy but it’s possible for individual countries to manipulate the pricing in either direction so that they can gain an advantage on the international markets when exporting their own goods and services.

There’s still a certain amount of balance that generally has to be maintained in order to avoid inflation as well as a recession but in times of international economic crises where things are already off kilter, like the Great Recession that’s been rippling through countries, it’s possible for a country to work their advantage.

Currently, China’s yuan is seen as greatly undervalued at least since the beginning of 2008, which has given them a significant advantage in the export of goods and services. Made in China has lead to a trade imbalance and the US owing China billions of dollars, which can make foreign policy a little trickier. It’s hard to press a controversial point home to someone who’s holding all of your chits.


Thomasville Times - The currency bubble

 

[Toddsterpatriot]

The government doesn't own the money they barrow it from the fed at a high interest rate.

The government doesn't borrow FRNs, from anyone.

You are an absolute idiot. What is wrote on the top of this bill?

The Federal reserve is not owned by the U.S. Government. Do you think the Fed gives the government the paper money?

When you get your tax refund from the government, do they mail you an envelope full of $20s?

The Fed gave the Treasury $78.4 billion last year.

 

[bigrebnc1775]

The government doesn't borrow FRNs, from anyone.

You are an absolute idiot. What is wrote on the top of this bill?

The Federal reserve is not owned by the U.S. Government. Do you think the Fed gives the government the paper money?

When you get your tax refund from the government, do they mail you an envelope full of $20s?

The Fed gave the Treasury $78.4 billion last year.

The Fed is a privately run bank. If you own a bank are you going to give your money away?

 

[Toddsterpatriot]

You are an absolute idiot. What is wrote on the top of this bill?

The Federal reserve is not owned by the U.S. Government. Do you think the Fed gives the government the paper money?

When you get your tax refund from the government, do they mail you an envelope full of $20s?

The Fed gave the Treasury $78.4 billion last year.

The Fed is a privately run bank. If you own a bank are you going to give your money away?

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

 

[DSGE]

I explained what a money bubble was I had to use the fed ownership to show you how a money bubble was created. I can't help you're to stupid to see it.

Oh I'm sorry. I may have missed one of your posts. Can you link me to the post where you explained what a "money bubble" is using the definition of "bubble" provided?

Stupid much? Or did I miss the intelligent post you made?

... What?

 

[DSGE]

The question was


Thats all you need to know. So you are dead wrong. The Fed is privately owned.

No that wasn't the question. The question was what the fuck a "currency bubble" is.

And no, that's not all you need to know. Because "ownership" doesn't mean anything here. Banks are forced to buy equity in the Fed, they get very little input in Fed policy. This is all an irrelevant tangent since I never mentioned the Fed! I gave you the definitions of "bubble" and "inflation" and asked you to explain what the fuck you were talking about.

The currency bubble
by MARTHA R. CARR
20 months ago | 745 views | 0 | 12 | |
One of the bigger obstacles to the US economy gaining substantial numbers of jobs is the battle over valuation of currency among different nations. The amount a currency is valued at is largely tied to the strength of their economy but it’s possible for individual countries to manipulate the pricing in either direction so that they can gain an advantage on the international markets when exporting their own goods and services.

There’s still a certain amount of balance that generally has to be maintained in order to avoid inflation as well as a recession but in times of international economic crises where things are already off kilter, like the Great Recession that’s been rippling through countries, it’s possible for a country to work their advantage.

Currently, China’s yuan is seen as greatly undervalued at least since the beginning of 2008, which has given them a significant advantage in the export of goods and services. Made in China has lead to a trade imbalance and the US owing China billions of dollars, which can make foreign policy a little trickier. It’s hard to press a controversial point home to someone who’s holding all of your chits.


Thomasville Times - The currency bubble

Nothing in there that defines a "currency bubble". It's just talking about how the undervalued renminbi is hurting US production.

 

[DSGE]

When you get your tax refund from the government, do they mail you an envelope full of $20s?

The Fed gave the Treasury $78.4 billion last year.

The Fed is a privately run bank. If you own a bank are you going to give your money away?

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

So that should be the end of the conversation. Something tells me we won't be so lucky...

 

[bigrebnc1775]

When you get your tax refund from the government, do they mail you an envelope full of $20s?

The Fed gave the Treasury $78.4 billion last year.

The Fed is a privately run bank. If you own a bank are you going to give your money away?

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

The FED loaned the paper money with interest

 

[bigrebnc1775]

No that wasn't the question. The question was what the fuck a "currency bubble" is.

And no, that's not all you need to know. Because "ownership" doesn't mean anything here. Banks are forced to buy equity in the Fed, they get very little input in Fed policy. This is all an irrelevant tangent since I never mentioned the Fed! I gave you the definitions of "bubble" and "inflation" and asked you to explain what the fuck you were talking about.

The currency bubble
by MARTHA R. CARR
20 months ago | 745 views | 0 | 12 | |
One of the bigger obstacles to the US economy gaining substantial numbers of jobs is the battle over valuation of currency among different nations. The amount a currency is valued at is largely tied to the strength of their economy but it’s possible for individual countries to manipulate the pricing in either direction so that they can gain an advantage on the international markets when exporting their own goods and services.

There’s still a certain amount of balance that generally has to be maintained in order to avoid inflation as well as a recession but in times of international economic crises where things are already off kilter, like the Great Recession that’s been rippling through countries, it’s possible for a country to work their advantage.

Currently, China’s yuan is seen as greatly undervalued at least since the beginning of 2008, which has given them a significant advantage in the export of goods and services. Made in China has lead to a trade imbalance and the US owing China billions of dollars, which can make foreign policy a little trickier. It’s hard to press a controversial point home to someone who’s holding all of your chits.


Thomasville Times - The currency bubble

Nothing in there that defines a "currency bubble". It's just talking about how the undervalued renminbi is hurting US production.

To stupid to read or is it comprehend?

 

[DSGE]

The Fed is a privately run bank. If you own a bank are you going to give your money away?

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

The FED loaned the paper money with interest

FRB: Federal Reserve Banks: Annual Report 2010

Distributions to the U.S. Treasury in the form of interest on Federal Reserve notes totaled $79,268 million in 2010, up from $47,431 million in 2009; the distributions equal net income after the deduction of dividends paid and the amount necessary to equate the Reserve Banks' surplus to paid-in capital.

The Fed gave $79 billion to the Treasury from the interest it gets performing open market operations. Exactly what I explained to you.

 

[DSGE]

The currency bubble
by MARTHA R. CARR
20 months ago | 745 views | 0 | 12 | |
One of the bigger obstacles to the US economy gaining substantial numbers of jobs is the battle over valuation of currency among different nations. The amount a currency is valued at is largely tied to the strength of their economy but it’s possible for individual countries to manipulate the pricing in either direction so that they can gain an advantage on the international markets when exporting their own goods and services.

There’s still a certain amount of balance that generally has to be maintained in order to avoid inflation as well as a recession but in times of international economic crises where things are already off kilter, like the Great Recession that’s been rippling through countries, it’s possible for a country to work their advantage.

Currently, China’s yuan is seen as greatly undervalued at least since the beginning of 2008, which has given them a significant advantage in the export of goods and services. Made in China has lead to a trade imbalance and the US owing China billions of dollars, which can make foreign policy a little trickier. It’s hard to press a controversial point home to someone who’s holding all of your chits.


Thomasville Times - The currency bubble

Nothing in there that defines a "currency bubble". It's just talking about how the undervalued renminbi is hurting US production.

To stupid to read or is it comprehend?

Maybe. Can you quote the definition of "currency bubble" for me then?

 

[bigrebnc1775]

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

The FED loaned the paper money with interest

FRB: Federal Reserve Banks: Annual Report 2010

Distributions to the U.S. Treasury in the form of interest on Federal Reserve notes totaled $79,268 million in 2010, up from $47,431 million in 2009; the distributions equal net income after the deduction of dividends paid and the amount necessary to equate the Reserve Banks' surplus to paid-in capital.

The Fed gave $79 billion to the Treasury from the interest it gets performing open market operations. Exactly what I explained to you.

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.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

 

[bigrebnc1775]

Nothing in there that defines a "currency bubble". It's just talking about how the undervalued renminbi is hurting US production.

To stupid to read or is it comprehend?

Maybe. Can you quote the definition of "currency bubble" for me then?

Maybe if you would have read the whole source you would have founds that part out. I am not doing the work for you.

 

[Toddsterpatriot]

The Fed is a privately run bank. If you own a bank are you going to give your money away?

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

The FED loaned the paper money with interest

Nobody, especially the Treasury, borrows FRNs from the Fed.

 

[bigrebnc1775]

Exactly! If they were a privately run bank, they wouldn't have given the Treasury $78.4 billion last year.

I'm glad you finally understand.

The FED loaned the paper money with interest

Nobody, especially the Treasury, borrows FRNs from the Fed.

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.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

 

[Toddsterpatriot]

The FED loaned the paper money with interest

FRB: Federal Reserve Banks: Annual Report 2010

Distributions to the U.S. Treasury in the form of interest on Federal Reserve notes totaled $79,268 million in 2010, up from $47,431 million in 2009; the distributions equal net income after the deduction of dividends paid and the amount necessary to equate the Reserve Banks' surplus to paid-in capital.

The Fed gave $79 billion to the Treasury from the interest it gets performing open market operations. Exactly what I explained to you.

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.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

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.

That's funny.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Treasury doesn't get money (especially FRNs) from the Fed. They sell bonds at auction. And when the Treasury spends money, they don't spend FRNs. They use checks or wires.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds.

The Treasury doesn't accept FRNs for bonds, wires and checks only.

 

[bigrebnc1775]

FRB: Federal Reserve Banks: Annual Report 2010



The Fed gave $79 billion to the Treasury from the interest it gets performing open market operations. Exactly what I explained to you.

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.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

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.

That's funny.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Treasury doesn't get money (especially FRNs) from the Fed. They sell bonds at auction. And when the Treasury spends money, they don't spend FRNs. They use checks or wires.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds.

The Treasury doesn't accept FRNs for bonds, wires and checks only.

Wrong try again.

 

[Toddsterpatriot]

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.

The U.S. government cannot simply go out and create new money whenever it wants under our current system.

Instead, it must get it from the Federal Reserve.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

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.

That's funny.

So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.

The Treasury doesn't get money (especially FRNs) from the Fed. They sell bonds at auction. And when the Treasury spends money, they don't spend FRNs. They use checks or wires.

The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds.

The Treasury doesn't accept FRNs for bonds, wires and checks only.

Wrong try again.

I have a bunch of $20s in my wallet.
They belong to me, not the Fed. Sorry.