Recent content by Office Wally

Excitedly, I opened this thread after seeing '18yr old daughter' in the title.. man was I disappointed.

No. My point is that the profit made on federal securities pales into comparison compared to the profits the owners of the central banks make utilising them. Thus, the profits of the Federal Reserve stem a lot deeper than just the interest paid on these securities and those accounted for.

Can we have a mix of both? The government control the money supply, freeing the taxpayer from the back-breaking debt and in turn they can appoint their men with the relevant expertise. Throw in a fully transparent, open to public view, set of books and I'd be very happy.

With regards to auditting of the Fed, the 97% profit returned to the Treasury consists only of the interest on governmental securities it holds as 'reserves'. There is no reference to the member banks profits that use these 'reserves' in the creation of loans.

I agree Aaron, there doesn't seem to be a viable alternative at the moment to the self serving banks and governments. Would you say that the burden of debt and interest on the taxpayer is a fair price to pay to protect the government? And isn't this an issue that deserves some public debate...

Read 'Web of Debt' by Ellen Brown for a somewhat biased yet highly informative history of our banking systems.

World Bank, IMF? EDIT: Also, why do governments borrow money from private central banks at interest as opposed to creating their own interest free?

A similar problem has started cropping up for me recently too. Using Vista and latest java release (1.6.0_10). However, with me, after entering password and security code, the TWS splash screen does not display for approx. 30mins and appears stuck on the user/pass screen. This is annoying as TWS...