Never go full libertarian :mjlol:

[Scientific Playa]

I dont need to skim through this. I have a very solid understanding of the Federal Reserve system already.

You seem to be conveniently unaware that the Fed rebates almost all interest payed to it by the government, so net interest expense paid towards the Fed is almost 0. It is actually a beneficial arrangement to have the Fed maintain a significant bond portfolio, as we would be paying that interest to someone else anyway. This arrangement lessens servicing costs significantly.

Read an Econ text book instead of getting your information from pseudointellectual bloggers.

is the fed a government agency or owned by private banks?

 

[DEAD7]

is the fed a government agency or owned by private banks?

 

[Futuristic Eskimo]

is the fed a government agency or owned by private banks?

both. unique structure.

 

[Scientific Playa]

both. unique structure.

which is running a profit and which is running a budget deficit in this so-called unique structure?

 

[Scientific Playa]

off topic ...

is your boy gonna report for duty tomorrow morning at espn or hand in his resignation?

 

[Futuristic Eskimo]

which is running a profit and which is running a budget deficit in this so-called unique structure?

I dont even understand what this question means. You struggle explaining yourself when you aren't regurgitating information from articles.

 

[Scientific Playa]

I dont even understand what this question means. You struggle explaining yourself when you aren't regurgitating information from articles.

easy question fella, i'm not posting any links or outside sources, just trying to grasp your statement about having knowledge of the fed reserve system ownership.

in this unique structure as you call who is making the profits and who is running a deficit?

 

[Futuristic Eskimo]

easy question fella, i'm not posting any links or outside sources, just trying to grasp your statement about having knowledge of the fed reserve system ownership.

in this unique structure as you call who is making the profits and who is running a deficit?

I already told you that the Fed rebates almost all of the profit it generates from its bond portfolio back to the Treasury. Congress not being able to balance the budget has nothing to do with the Fed.

Your question doesn't really make much sense.

 

[DEAD7]

off topic ...

is your boy gonna report for duty tomorrow morning at espn or hand in his resignation?

I think he'll be there, but I hope resigns... and spazzes on the network.

 

[Scientific Playa]

I already told you that the Fed rebates almost all of the profit it generates from its bond portfolio back to the Treasury. Congress not being able to balance the budget has nothing to do with the Fed.

Your question doesn't really make much sense.

think so?

this is why i use sources in my post so i won't look uniformed.

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

 

[DEAD7]

I already told you that the Fed rebates almost all of the profit it generates from its bond portfolio back to the Treasury. Congress not being able to balance the budget has nothing to do with the Fed.

Your question doesn't really make much sense.

The way they run from, and avoid being audited, makes me question that this actually occurring(as intended)...

 

[Scientific Playa]

I think he'll be there, but I hope resigns... and spazzes on the network.

especially after he apologized and they still cut his you know what off

got the joint he should be bumping tonight

Johnny Paycheck - You can take this job and shove it

 

[Futuristic Eskimo]

think so?

this is why i use sources in my post so i won't look uniformed.

Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

Lets not pretend you understood any of that exchange, anything about the specific swap transactions being discussed and that it had anything to do with what we were talking about earlier.

You quoted a snippet of the conversation and he clearly answered the question right afterwards when he told Grayson it went to the 14 central banks listed in whatever document he was referring to.

 

[Futuristic Eskimo]

The way they run from, and avoid being audited, makes me question that this actually occurring(as intended)...

Its a fairly simple calculation to check how much interest they should be rebating back to the Treasury, as its completely based on the size of its bond portfolio and interest rates. You can find this information easily.

Ordinarily, I would agree that there should be proper oversight over an institution like the Fed and would be glad to hear of any proposals that do it properly, but having our inept government have more control over central banking would be a big mistake.

 

[Scientific Playa]

Lets not pretend you understood any of that exchange, anything about the specific swap transactions being discussed and that it had anything to do with what we were talking about earlier.

You quoted a snippet of the conversation and he clearly answered the question right afterwards when he told Grayson it went to the 14 central banks listed in whatever document he was referring to.

true, i don't know jack squat about those esoteric casino swaps, but i do know the the fed printed up $800 trillion of monopoly money out of thin air of which $500 trillion went to bail out foreign banks when Americans were getting foreclosed on, bankrupted, and thrown out in the street.