Quote from EMRGLOBAL:
krazykarl:
Just fell out my chair laughing my ass off. MONEY CREATION?
Keep drinking the coolaid KrazyKarl.
Now granted the Fed just walked away with HUGE PROFITS! So, they are not stupid, they know what the hell they are doing, for themselves and for the Broke Ass Banking system.
Er, the Fed has just returned $78.4bn they made to the treasury, so I am not entirely sure who's walking away where.Quote from EMRGLOBAL:
Now granted the Fed just walked away with HUGE PROFITS! So, they are not stupid, they know what the hell they are doing, for themselves and for the Broke Ass Banking system.
I know what the point is, sire... I am simply looking to correct a false statement.Quote from Kassz007:
I think the point is that the Fed will pay sufficient interest so the banks will want to keep the excess deposits with the Fed rather then lend them out.
Quote from krazykarl:
1. Nearly all the fed's profits go back to the US Treasury(don't bother replying until you take off your tin-foil hat)
2. Yes, there is this thing called "macro economics" of which money creation is a part. I know a lot of the posters on this board over the past few years aren't aware of this "macro economics" and what it entails, though these posters are very familiar with the "gold standard" and why the CIA is using holographic mind control, in conjunction with Paris Hilton, to manipulate apple and cheese prices.
Funny stuffQuote from misterno:
Read below;
--------------------
In an exchange with readers on Time magazineâs website this past weekend, a reader asked Mr. Bernanke why the Fed is creating dollars âout of thin air.â Mr. Bernanke said it wasnât. âThese policies are not leading to increases in the amount of currency in circulation,â he said.
----------------
How is this possible? Or is he lying?
http://blogs.wsj.com/economics/2010/12/22/is-the-fed-printing-money/