Debt out of thin air not evil but necessary? Is it fair?

Quote from Lucrum:
The federal reserve does loan money to member banks does it not? And they do charge interest, do they not?
The central bank gets this money backed by nothing but promises from the US mint, no?
More...
Not really... In fact, in normal circumstances the Fed sorta "borrows" money from banks (required and excess reserves) and pays them interest. In certain circumstances, if a bank ends up being "short", it can access the Fed's "discount window" to borrow money. In this case, the said bank would actually have to pay.

As to the actual money, it's not really physical cash. Hence, it's not really backed by the US Mint's promises.

Personally, I think of the Fed as an "exchange".
 
Quote from zdreg:

history suggests otherwise. look at price changes in19th century vs. 20th century.
bottom line the fed is an inflation engine.
More...
Correlation does not imply causation. Unless of course you believe elephant herd travel patterns in the Sahel zone predict the direction of stock prices.
 
Quote from xelite777:
Sure, they will exchange your gold and silver and give you worthless pieces of paper anytime. :D

By the way, watch them make 9 TRILLION dollars disappear. Also, look at their face when you ask them very simple questions :
http://www.youtube.com/watch?v=1QK4bblyfsc
More...
I am curious about one thing. Do you have any thoughts of your own on the subject? Something that you have considered yourself, without relying on the "information" you have obtained on the web?

As to this particular video, are you suggesting that a Democratic Party politician (mis)quoting a number out of a media article has any substance and/or credibility? Have you actually read the article mentioned yourself and what are your own thoughts on the matter?
 
infographic-how-the-federal-reserve-system-really-works.jpg
 
Quote from tradingjournals:

:-)

What college did he graduate from if any?
More...

The College of "Wake up and smell the coffee, pal", with a major in "I refuse to be an ignorant sheeple and believe all the crap/lies/desinformation/propaganda mainstream media is feeding us everyday".

It's not too late TradingJournals", you can still apply and get a diploma, even though I suspect it will take a long, long, long time for this to happen.
 
Quote from Martinghoul:

Yet another YouTube video... How unexpected :)!

So would you care to answer the questions I have asked in my previous post?
More...

You seem to know a lot... Do you mind answering this question

As all countries have net debt, who is the lender ?
 
You must log in or register to reply here.
Back
Top