The Bern Identity

[jem]

2. https://en.wikipedia.org/wiki/.org - "The domain was originally intended for non-profit entities, but this restriction was not enforced and has been removed."


I note the FED is not a non profit either. It pays out a 6% dividend so by your definition its shady for them.



3. I met that burden when I presented the bloomberg article on its foia request which showed that the FED created and gave out trillions of dollars to whomever it wished.
And the fact they fought the FOIA request also proves they don't put up all their business transactions on the web.

Many times I have posted the link which says this..

http://www.federalreserve.gov/faqs/about_14986.htm

" For example, the Reserve Banks issue shares of stock to member banks"

Since the Federal Govt does not own those shares... by any logical thought... the shares are in private hands. Thinking it through whoever owns the member banks... owns the shares.



3.A - On what authority do you say the FED posts all their transactions? You are just making that detritus up for them. Why?

Again Piezoe...
I have presented court cases to you saying the Fed is not a govt institution.
I have shown you that the the system is owned by private shareholders.
I have shown you it created trillions out of thin air.
It did not ask permission to do so.
I have shown you they resisted a FOIA request in order to keep that creation and lending of trillions of dollars a secret.


At some point you have to realize you are just remaining willfully ignorant.

My responses are in bold italics.

 

[piezoe]

I didn't say the FTT was 10%. You misinterpreted what I wrote. The FTT is inline with the SEC. 50 cents per 100$ stock trade. 0.005 per derivative trade etc. Enough to put most day-traders and HFT'ers out of business. .

The 10% was my guess if and when American trading dries up from the FTT. Which always happens. His single-payer medical plan is covered by a >6% tax hike on Corporations and a >2% hike on individual income taxes. FTT's usually generate about 1/20th the projected revenue due to migration and product substitution. So my assumption is that income tax rates will have to jump substantially, to cover the 300 Billion shortfall Bernie expects from the FTT.

I read his website last night, listen to several interviews today and read some of his interviews in print media online. Yes, the health insurance premiums would be done away with, and the new tax introduced, so net-net, the taxes wouldn't be as high as projected.

Anyway, the single-payer system presents a massive cost jump. Bernie projects himself at 1.4 Trillion per year. So ya, somebody will have to pony up serious cash for that.

Obviously, many guys here aren't day-traders since nobody gives a toss about his FTT proposal.

Thanks. That clears up several points.

 

[fhl]

 

[piezoe]

2. https://en.wikipedia.org/wiki/.org - "The domain was originally intended for non-profit entities, but this restriction was not enforced and has been removed."


I note the FED is not a non profit either. It pays out a 6% dividend so by your definition its shady for them.



3. I met that burden when I presented the bloomberg article on its foia request which showed that the FED created and gave out trillions of dollars to whomever it wished.
And the fact they fought the FOIA request also proves they don't put up all their business transactions on the web.

Many times I have posted the link which says this..

http://www.federalreserve.gov/faqs/about_14986.htm

" For example, the Reserve Banks issue shares of stock to member banks"

Since the Federal Govt does not own those shares... by any logical thought... the shares are in private hands. Thinking it through whoever owns the member banks... owns the shares.



3.A - On what authority do you say the FED posts all their transactions? You are just making that detritus up for them. Why?

Again Piezoe...
I have presented court cases to you saying the Fed is not a govt institution.
I have shown you that the the system is owned by private shareholders.
I have shown you it created trillions out of thin air.
It did not ask permission to do so.
I have shown you they resisted a FOIA request in order to keep that creation and lending of trillions of dollars a secret.


At some point you have to realize you are just remaining willfully ignorant.

Your link to the Fed site seems to be in error. This is what I found following the link you gave.

"The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution."

I was wanting your link that supports this statement you made in your post #123:

"per the FEDs website the system is owned by private shareholders."

I'll completely understand if you are unable to supply the link. It does not exist because you made that statement up, and lied about it being 'as per the Fed's website...'

Here is some friendly advice. The best thing to do when caught in a lie is to admit it and move on. Embarrassing as that is, it is still much better than digging a deeper hole. When you are in a hole and trying to get out, stop digging.

 

[jem]

I note... you did not answer my question about your authority for your statements...

but... I will answer yours... this is all you need to know...

" For example, the Reserve Banks issue shares of stock to member banks"


http://business-law.freeadvice.com/business-law/corporations/close_corporation.htm


A closely held corporation, or private corporation, is one that is owned by private individuals who do not trade or sell their shares of ownership. This is in contrast to a publicly held company. Typically, closely held corporations are not subject to the same stringent reporting requirements as most public corporations.

Understanding Closely Held Corporations
The biggest difference between a close or closely held business and a publicly held or traded company is that a closely held corporation has a tight-knit group of shareholders that make up the ownership committee for the company, while a publicly held corporation is one that is owned by stockholders. In a publicly held company, the ownership shares of the corporation are traded publicly on the international stock market.

A publicly held company is owned and valued by the worth of its stockholders. People purchase shares of the company in the hope that the company will increase its net worth so that their shares end up being worth more than they were when they purchased them. It is easy to assess the value of a publicly held company. In addition, selling and buying shares is as simple as placing an order with any broker or brokerage firm.

The private corporation, on the other hand, is owned fully by shareholders that do not trade or sell their stock in the company unless they are opting to sell out their portion of ownership in the business to other owners. The corporation’s bylaws usually give the first option to purchase these shares to the other shareholders before they are offered to anyone else as a means of “buying in” to the company. Valuing a closely held company is also much more difficult since there is no general marketplace for its sale.



Read more: http://business-law.freeadvice.com/business-law/corporations/close_corporation.htm#ixzz3yTjUjtDS
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[piezoe]

I see you did not follow my advice, Your still digging.

 

[AAAintheBeltway]

Many have alluded to some sort of weird symmetry between Trump and Sanders. But other than the fact both are loathed by their party establishments, they share little in common.

Trump wants to make America great again, emphasis on "again." Sanders, like Obama, considers this a deeply flawed country with much to atone for.

Trump wants to make the economy great. Sanders wants to engage in repressive wealth distribution.

Trump is a Second Amendment zealot. Sanders argues with Hillary over who is the more anti-gun.

They both espouse a form of populist protectionism, but Trump wants to build up American businesses. Sanders wants to take them over, either directly or indirectly.

Sanders is for open borders and amnesty. Trump? Not so much.

Both seem cautious on foreign adventures, which is enough alone to make them the preferable candidates of their respective parties.

 

[jem]

please don't come back in a few weeks pretending the fed publishes all it transactions and informs us of all its money creation activities.

please don't try and tell us the Fed is not owned by private shareholders...
if you can't tell us who owns the shares... they are privately held.

your game of bringing up the same arguments but not acknowledging the truth I present is a bit tired.

I see you did not follow my advice, Your still digging.

 

[piezoe]

Of course I can tell you who owns the shares, it is right on each Branch Banks website. It is a required condition of joining the Federal reserve system. All the banks that are regulated through each regional bank own shares. It is a requirement. It is not optional. Don't be silly.. I've had enough of your conspiracy nonsense.

 

[nitro]

Bernie Sanders finally answers the God question

"Growing up, Bernie Sanders followed the path of many young American Jews. He went to Hebrew school, was bar mitzvahed and traveled to Israel to work on a kibbutz.

But as an adult, Sanders drifted away from Jewish customs. And as his bid for the White House gains momentum, he has the chance to make history. Not just as the first Jewish president — but as one of the few modern presidents to present himself as not religious.

“I am not actively involved with organized religion,” Sanders said in a recent interview.

Sanders said he believes in God, though not necessarily in a traditional manner.

“I think everyone believes in God in their own ways, “ he said. “To me, it means that all of us are connected, all of life is connected, and that we are all tied together.”..."

http://www.msn.com/en-us/news/polit...nswers-the-god-question/ar-BBoL6Th?li=BBnb7Kz