Federal Reserve Is A Private Corporation

Quote from dalailama:

And this quote by Haroki from another thread sums him up

"Holy cow!! As a non trader, but someone who has an increasing interest in the markets, i've found this thread both draining and very imformative.
Jack has made the connection for me."

He's a newb that looks to Hershey for a winning system..

THE ULTIMATE GLASSY EYED LOSER THAT CANT THINK FOR HIMSELF!

That explains everything

BAAA BAAA

i was right, it IS ratboy....

trying to rehabilitate yourself, eh?
 
Quote from Haroki:

i was right, it IS ratboy....

trying to rehabilitate yourself, eh?
As usual you are babbling.. no doubt emulating your guru Jack

Oh please Mr Hershey make me rich with your esoteric words and promises
 
Quote from dalailama:

And look at this dolt BJL from another thread:

"Hi all, new to this board. Seems like to right place to ask my question...

I have been offered the chance to offer my services as a CTA for a European firm that allows Europeans to invest in CTA's via a fund structure (direct investment is not permitted over here)."

Yeah thats right.. he came to ET to ask for career advice.. ANOTHER MORON THAT CANT THINK FOR HIMSELF!

Mommy what should I be when I grow up?

BAAA BAAA

You forgot to paste in the question:
My question now is, do I need to register as a CTA, do I need to register with the NFA, do I need to request and exemption for registration as CTA?

Please do forgive me for not understanding your not so logical regulation laws.

And also for asking the question on a forum where some actual CTA's were posting. Stupid place to ask ofcourse, since they know what they are talking about. Guess that's not your idea of an ideal population of ET.
 
Quote from BJL:

You forgot to paste in the question:
My question now is, do I need to register as a CTA, do I need to register with the NFA, do I need to request and exemption for registration as CTA?

Please do forgive me for not understanding your not so logical regulation laws.

And also for asking the question on a forum where some actual CTA's were posting. Stupid place to ask ofcourse, since they know what they are talking about. Guess that's not your idea of an ideal population of ET.
Would you like a tissue?

Or the number for career advice?
 
Profile For dalailama

Date Registered: 08-20-07
Status:
Total Posts: 109 (26.86 posts per day)

uh oh, troll alert---

27 posts/day !!!!!!!!!!
 
Quote from Haroki:

Profile For dalailama

Date Registered: 08-20-07
Status:
Total Posts: 109 (26.86 posts per day)

uh oh, troll alert---

27 posts/day !!!!!!!!!!

Yeah but you couldn't find a post of mine asking someone else for a method or what career to take could you Haroki :D :D :D

dimwits
 
Quote from Haroki:
Ok, so the Fed buys govt bonds and gives our G back the interest.

But they turn around and loan the money out to.... who again? The consumers perhaps? What's the problem here?

The problem is two-fold:

1) Fiat money creation and fractional reserve lending empower banks to earn enormous profits on counterfeit money.

2) The end effect of all that bubble lending is massive *price* inflation which further enriches the Parasitic Elite by eroding the monetary savings of the average American. Their gain is our loss.






Quote from Haroki:
Care to enlighten us, my liege, with your views of inflation vs a long term debtor - like on a home loan?

One sided pandering doesn't help your cause.

Your first mistake, ROOKIE - wage inflation never rises as fast as price inflation (CPI). Wage inflation is what makes homes cheaper over time. Wages might rise at 1/3rd the rate of price inflation -- if your lucky (until the economy enters a recession).

So the whole "inflation-saves-the-day" nonsense loses its steam, right there.

Second. Over a lifetime, the average person loses more to inflation then gained from decreased mortgage payments. Do the math.

Third. Massive money bubbles EXACERBATE economic cycles. That power to inflate you laude as "economic genius", is the same force that will propel scores of your beloved working poor into bankruptcy when the eventual recession hits and they have no savings to fall back on. Why? Because it was inflated away during the bubble. Idiot.


Fourth. Historically, fiat money systems ALWAYS fail because the temptation to spend beyond a Nations means (and steal public wealth through debasement) is too great. Any trader or economist worth their salt can see the United States is well on its way to fiscal bankruptcy. Far more commitments, social programs and wars than our country can afford with creditors threatening to dump. When the piper comes calling, either our social commitments go, we hyperinflate (and eventually go into depression), or we go into a depression immediately.

All because your wonderful tool, inflation.
 
Quote from BJL:

dunno. maybe to have an incentive to offer you a loan?
why do you want to get paid for the job you do?
hell, why did you pay more for the computer you are using and the internet connection you have than it costs?

because labor and time have value, right?

money only costs the paper it's printed on to produce. the government produces it for free to repay creditors, but borrows it at the same time with financing costs that you and i will bear. our children, etc

money is free to produce, there's no reason to pay anyone for it other than the artificial boundary between creditors and borrowers created by the fed and the fractional reserve system

...that's infinite supply for you
 
Quote from BJL:



banks can create money (out of nothing), but that doesn't mean it's free for them.

ever looked at a bank balance sheet or p&l statement?


Thats exactly what is for them. FREE MONEY.
 
Quote from Haroki:

You obviously don't belong on a trading board - company %age ownership is usually available for the major players, and in fact is mandated by the SEC for the banks ------.

The SEC???? Are you friggin serious???

If I had billions - no TRILLIONS of dollars - I think getting past the 5% reporting requirement wouldn't be too hard.

Be creative. Thats 21 people per bank I need to hold the bag for me in earnest. An agent. A front man.

Think a Trillion dollars could buy that?
 
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