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How can we buy shares of the Fed ?
- Thread starter SNBthetrue
- Start date
Quote from krazykarl:
again, what structures in your country do you have that are similar to NPOs in the US? Do you know how their accounting is handled differently? Before you start calling people names you should read-up on what the differences are.
Read this very carefully. The very basic accounting standards like e.g. double-entry standards have remained the same for centuries. Every accountant whether in Vietnam, Pakistan, USA, UK or Uganda uses debits and credits.
Same semantically phreses only differ in their form form country to country and from continent to continent, e.g in one country one says ''amortisation of goodwill'' in the other one says ''depreciation of goodwill'', but still although it is named differently, no accountant and no financial analyst has ever had problems to recognize this item properly.
In US assets are presented from the top to bottom from the most liquid assets to the less liquid assets. And in Europe differently: from the less liquid assets to the most liquid assets. But the general rules of accounting are the same; irrespective of the country and irrespective of the type of business (in general). The specific rules have been subject to harmonisation over the last tens of years so that the differences between countries are not important.
The differences between countries are neglible, so that an accountant from the Netherlands can easily work in the USA and an American accountant can easily work in New Guinea. Period.
Even a menatlly disabled accountant will see that what the FED presents as ''capital'' is the same as ''equity capital'' or simply ''equity''.
And, contary to your claim, it is NOT the cash. Your idea of 102% capitalization is the most stupid one I ever heard of and will ever hear in my life. Period.
You are just an ignorant who quotes pseudo-financial gibberish with no real understanding of its meaning. Period.
Quote from krazykarl:
again, what structures in your country do you have that are similar to NPOs in the US?
Here you are fucking idiot. Fed does pay dividend based on the federal reserve act:
http://www.federalreserve.gov/aboutthefed/section7.htm
Quote from SNBthetrue:
What really makes me sad is when people don't want to arrgue rationnaly with some one...
It's such an act of weakness...
I admit I failed as a teacher. I presented basic mathematics and simple logic that I thought was rational enough to be understood by a 10 year old child. He kept on repeating his mantra despite my arguments.
Then I asked him not to post any more untill he gets an explanation from his accountant.
Well, he kept posting. Then I showed my weakness and called him an idiot, for which I want to apologize. It should not have happened.
I would like to ask him once again to show this thread to a person who has an understanding of financial statements.
Regards
Quote from Tresor:
Here you are fucking idiot. Fed does pay dividend based on the federal reserve act:
http://www.federalreserve.gov/aboutthefed/section7.htm
What does that have to do with anything? I said that 5 pages ago!!!!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=185163&perpage=6&pagenumber=13
Quote from Tresor:
I admit I failed as a teacher. I presented basic mathematics and simple logic that I thought was rational enough to be understood by a 10 year old child. He kept on repeating his mantra despite my arguments.
Then I asked him not to post any more untill he gets an explanation from his accountant.
Well, he kept posting. Then I showed my weakness and called him an idiot, for which I want to apologize. It should not have happened.
I would like to ask him once again to show this thread to a person who has an understanding of financial statements.
Regards
I actually emailed it to my CPA and he in fact did get some laughs from it. He suggested to send you this link for more reading.
http://www.questia.com/googleScholar.qst?docId=5000328914
http://www.muridae.com/nporegulation/accounting.html
"Not-for-profit organizations (NPOs) were exempted from FASB Statement no. 115, Accounting for Certain Investments in Debt and Equity Securities, which covered equity securities with readily determinable fair values and all debt securities."
Quote from krazykarl:
I actually emailed it to my CPA and he in fact did get some laughs from it. He suggested to send you this link for more reading.
http://www.questia.com/googleScholar.qst?docId=5000328914
http://www.muridae.com/nporegulation/accounting.html
"Not-for-profit organizations (NPOs) were exempted from FASB Statement no. 115, Accounting for Certain Investments in Debt and Equity Securities, which covered equity securities with readily determinable fair values and all debt securities."
The links your CPA gave are of no importance and relevance for the subject of disagreement between you and me. I didn't care to read them in full.
How did your CPA react to your confusing ''capital'' with ''cash''?
Quote from Tresor:
The links your CPA gave are of no importance and relevance for the subject of disagreement between you and me. I didn't care to read them in full.
How did your CPA react to your confusing ''capital'' with ''cash''?
Those links are related to how differently NPOs are treated, especially when it comes to equity, vs. for-profit entities. They have everything to do with my issue with your mistakes.
He didn't mention anything about it('cash', etc.). I'll shoot him an email for the hell of it and see what he says.
Quote from krazykarl:
Those links are related to how differently NPOs are treated, especially when it comes to equity, vs. for-profit entities. They have everything to do with my issue with your mistakes.
I did not make a single mistake, while you made several of them. Your mistakes are derived from your being ignorant as far as accounting goes.
Quote from krazykarl:
He didn't mention anything about it('cash', etc.). I'll shoot him an email for the hell of it and see what he says.
Then my assumption is that his laughter was caused by your posts.