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Respecting your posts, can you give a Fed primer for some people here ?
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907 Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were major factors leading to changes in the system
I am interested in peoples honest opinions on The Fed itself. based on facts of what it does. or doesn't do.
Think it best people read and investigate on their own. The relationship between govt and bankers goes back a very long time in human history. There are many layers to it and imo a great deal of obfuscation. I think the Federal Reserve act itself is a very good source. Often going straight to the source so to speak can be very informative.
This blogger researches well and documents. It is long and comprehensive. A couple of things about the Audits and RP I think he maybe "missing" for lack of a better word, however, the deliberate disconnect and obfuscation makes this easy to do. FEDERALRESERVEACT
All of that said, people should understand all of this is operating under a corporate structure and the most important thing it appears people miss is that people are the value backing all of it. They are where all that good faith and credit comes from. Even gold may have value, but only if we perceive it or agree on it.
The current corporate structure is allowing a very few to siphon people's value and attempts to restrict people's access to it.
(I should note that shadow banking and market functions would be a whole other topic in itself.)
what is the system in Russia. Seems ours isn't working too well these days, just curious.
This central banking system is essentially global. It is all corporate. Countries matter little.
It does appear that "Russia" may have been brought down "financially", in a way that gives a whole other depth to the term currency war though.
I find it strange that most Americans think the perpetual debt machine known as the Federal Reserve Bank is a federal government entity. It isn't. It is a privately owned central bank whose owners have never been publicly disclosed. But that's another thread topic...
I find it strange that most Americans think the perpetual debt machine known as the Federal Reserve Bank is a federal government entity. It isn't. It is a privately owned central bank whose owners have never been publicly disclosed. But that's another thread topic...
The Fed is a no-bid Government contractor.
And, probably, the Government is a no-bid Fed contractor.
I believe it is the Federal Reserve....given the authority via the Federal Government.
But the Fed's bond buying program......do they really need to create the billion$ of dollars they use to purchase those bonds....or is that done electronically???????????
I believe it is the Federal Reserve....given the authority via the Federal Government.
But the Fed's bond buying program......do they really need to create the billion$ of dollars they use to purchase those bonds....or is that done electronically???????????
electronically. no physical dollars are actually printed.
the phrase "printing money" is very often used as a euphemism.
QE’s primary mechanism is through its ability to alter psychology thereby keeping rates lower than they might otherwise be. The magnitude of the rate effect is hotly debated and almost impossible to quantify.
QE in the form of buying back government debt is not necessarily “money printing” or “monetizing the debt”. QE via a bank, as shown in the example above actually is a pure asset swap (reserves for bonds). The private sector’s net financial assets are the same though the composition changes.
A federal reserve note is a instrument of debt.
A note is not money, it is debt and anything which is purchased with it is the property of the issuer of the note.
Money is used to purchase things in which you retain ownership.
Federal Reserve notes can only be used to pay debt as it states clearly on the bill.
A federal reserve note is a instrument of debt.
A note is not money, it is debt and anything which is purchased with it is the property of the issuer of the note.
Money is used to purchase things in which you retain ownership.
Federal Reserve notes can only be used to pay debt as it states clearly on the bill.
You cannot pay a debt with a Federal Reserve note, you can only discharge an obligation.
They didn't title it Black's Law Dictionary for nothing.
Black is the "color" used to redact law for the sake of color.
Everything is color-coded now.
Go to law school . . you'll see.
Last edited by Hyperthetic; 01-04-2014 at 12:59 PM..
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