Lets go on the record, 3 ways you can be destroyed.

[Maverick74]

no

it is time you get your daily dose of Kudlow on CNBC

does QE get you hard, every day

I haven't watched CNBC for such a long time, for all I know Kudlow is now Ron Paul Abolish the FED guy

Kudlow left CNBC a long time ago skippy. And again, I actually have more posts on ET being against QE then you and all your other aliases combined. I just want you to be factual. It annoys me deeply to agree with someone who can't string two facts together.

For the record, the Fed made about 79 billion in profits in 2013. Of that, 77 billion was actually paid back to the Treasury....to YOU!!!!!!!!!! Since 2009 the Fed has actually paid over 350 billion back to the taxpayers of this country. The member banks who partly own the Fed get a fixed 6% dividend a year. The rest goes back to treasury.

Now I have my criticisms of the Fed and they run deep, but let's get our facts straight.

"Get your facts first, then you can distort them how you please."

Mark Twain.

 

[Ucan'tEatBonds]

For the record, the Fed made about 79 billion in profits in 2013. Of that, 77 billion was actually paid back to the Treasury....to YOU!!!!!!!!!! Since 2009 the Fed has actually paid over 350 billion back to the taxpayers of this country. The member banks who partly own the Fed get a fixed 6% dividend a year. The rest goes back to treasury.

SAYS WHO.......the FED

I don't believe a word they say, there has been no real audit, they are the gatekeepers they can say numbers are whatever they want

If you weren't such a perfect little shill. You would ask yourself, where does the 17 Trillion US debt come from and why does the US government BORROW CURRENCY FROM THE FED

JESUS MAN

grow the hell up

 

[freedomshark]

The only thing that keeps the FED model going are large companies going belly up. That's how you make billions of dollars seemingly disappear overnight. Why do you think corporations spend so much money lobbying? Dog eat dog. Its not called a repo for nothing...

FS

 

[istoptime]

Actually wars strengthen a currency, not destroys them. Which is historically why countries HAVE gone to war for centuries.

The Fed is NOT privately owned. It's semi-privately owned.

Let's take Germany as an example. WWI destroyed the German Reichsmark, at one point it was absolutely worthless because they wanted to pay the victors in the mark. However, then it would be easy to say WWII strengthened their currency, eventually.

I'm sure Poland during WWII had worthless currency. They had to go to war. European and Asian exhausted all gold reserves during WWII, but America did prosper. I think the Yen was fixed. Anyhow, my point is this statement seems correct, but not as a blanket statement. There are too many instances where countries went to war and currency didn't get stronger. But if your currency is almost worthless, then that's a different category. And of course the fed isn't private. Not sure why people still fall for this nonsense.

 

[Maverick74]

Let's take Germany as an example. WWI destroyed the German Reichsmark, at one point it was absolutely worthless because they wanted to pay the victors in the mark. However, then it would be easy to say WWII strengthened their currency, eventually.

I'm sure Poland during WWII had worthless currency. They had to go to war. European and Asian exhausted all gold reserves during WWII, but America did prosper. I think the Yen was fixed. Anyhow, my point is this statement seems correct, but not as a blanket statement. There are too many instances where countries went to war and currency didn't get stronger. But if your currency is almost worthless, then that's a different category. And of course the fed isn't private. Not sure why people still fall for this nonsense.

No, you need to look at the empires. Go back through history and look at the leading reserve currencies. Yes the Deutsche Mark was a decent currency before the devaluation but the pound and the British empire dominated.


The empires can manage their debt better because their currency is the standard. They go to war, takeover the resources from other countries, sell those resources in exchange for more currency to pay down debts incurred from war. Of course over the long run this is not sustainable. But that is not because of war itself, it's because debt alone cannot sustain an empire.

 

[Ucan'tEatBonds]

Let's take Germany as an example. WWI destroyed the German Reichsmark, at one point it was absolutely worthless because they wanted to pay the victors in the mark. However, then it would be easy to say WWII strengthened their currency, eventually.

I'm sure Poland during WWII had worthless currency. They had to go to war. European and Asian exhausted all gold reserves during WWII, but America did prosper. I think the Yen was fixed. Anyhow, my point is this statement seems correct, but not as a blanket statement. There are too many instances where countries went to war and currency didn't get stronger. But if your currency is almost worthless, then that's a different category. And of course the fed isn't private. Not sure why people still fall for this nonsense.

You know nothing you are too academic, not reality based.

See you on next war ON AMERICAN SOIL, dollar to the sky, gold to the ground, future will be bright :eek:

no one will die :eek:

no one will have to escape :eek:

America is special :eek:

USA USA USA

 

[xelite777]

I hate FED shills and apologists but I consider myself an objective person.


There are 3 general ways a country can be destroyed.

Again, with the upcoming diabolical so-called "New World Order", there won't be any country anymore, just ONE government.

France, Italy, Canada, USA, etc... pfffffttttt...gone.

 

[eurusdzn]

Seems that one ounce of truth and a fair amount of incompetence can be extrapolated to evil conspiracy.
Maybe effects of globalization over time is substituted with the "New World Order"
I know a guy who screams hyper inflation yet could not tell you one reason why treasuries would move a bp.
on any given day.
Can you have hyper inflation and ZIRP?
Huh.:eek:

 

[istoptime]

You know nothing you are too academic, not reality based.

See you on next war ON AMERICAN SOIL, dollar to the sky, gold to the ground, future will be bright :eek:

no one will die :eek:

no one will have to escape :eek:

America is special :eek:

USA USA USA

I can tell you are a failed, bitter trader. Mad at life for ruining your hopes and dreams?

Typical internet sheep comment, too stupid to actually do anything except complain and cry.

 

[Ucan'tEatBonds]

I can tell you are a failed, bitter trader. Mad at life for ruining your hopes and dreams?

Typical internet sheep comment, too stupid to actually do anything except complain and cry.

You can tell a lot, except why the US has exponential debt.

You seem like a smart fella, except on the issues of 450 billion a year US military budget.

You seem to be a decent trader, but your knowledge on real things in real life, is below average.

You are like an icecream maker on the block, busy making and selling your icecream, not realizing you received your last shipment of raw materials, nobody sent you a memo.