Thanks for the post, this is good material. 170+ pages, long enough to discourage the sheep from taking the time to read it.
The Federal Reserve System - Purposes & Functions
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Thanks for the post, this is good material. 170+ pages, long enough to discourage the sheep from taking the time to read it.
I found this link yesterday...just thought I'd throw it out there:
http://www.freedomtofascism.com/
"The Federal Reserve has the right to counterfeit money because now money is not backed by gold! The Federal Reserve is a banking cartel. Thus the government works for a private bank and the bank works for its owners. The Federal Reserve is an illegal corporation."
Has anyone see the film?
http://www.freedomtofascism.com/
"The Federal Reserve has the right to counterfeit money because now money is not backed by gold! The Federal Reserve is a banking cartel. Thus the government works for a private bank and the bank works for its owners. The Federal Reserve is an illegal corporation."
Has anyone see the film?
taking about the Fed's purposes & functions ebook, depends on what your looking for, the toc is rather well done, can take you straight to it... you can also have a quick browse and stop where they are lots of drawings and colors... whatever works for you baby... but yeah, that wasn't written for entertainment, you'll have to go back to jim puplava economics for that ;-)
does anyone have fed temporary open mkt ops data coallated into a usable/time-series format?
it's possible to get it from the new york fed's site going back to 7/7/2000 but it needs to be parsed significantly for any kind of analysis. maybe there's another source or place to easily retrieve this info short of manually creating a table
http://www.newyorkfed.org/markets/omo/dmm/historical/tomo/search.cfm
it's possible to get it from the new york fed's site going back to 7/7/2000 but it needs to be parsed significantly for any kind of analysis. maybe there's another source or place to easily retrieve this info short of manually creating a table
http://www.newyorkfed.org/markets/omo/dmm/historical/tomo/search.cfm
scratch that, i missed the export link
have you seen these btw? http://www.newyorkfed.org/markets/omo/omo2003.pdf#search="open market operations statistics" go to appendix B, may interest you... but you know what i think ;-) cheers
also this: http://www.questia.com/PM.qst?a=o&se=gglsc&d=5001668763&er=deny
also this: http://www.questia.com/PM.qst?a=o&se=gglsc&d=5001668763&er=deny
btw Avid, just to reiterate what we discussed via PMs, i am as 'sceptical' as anyone when it comes to Gvt, the obvious petro-militaro-arms dealer special interests etc, AND the banks in general... they are just businesses for the most part, and not to be overly trusted - although u know what they say, "a few bad apples..."
http://www.elitetrader.com/vb/showthread.php?s=&postid=859575&highlight=tier#post859575
http://www.elitetrader.com/vb/showthread.php?s=&postid=859732&highlight=planet#post859732
(this is no vendetta against the other poster in these links btw, i've come to realize that i am often closer to his views than i initially thought i'd be...)
but yes, right or wrong, i am a supporter of the idea that the Fed, and other G8+ independent CBs for that matter, similar to an independent Judiciary, are the right tools to have to foster harmonious social & economic development and restore some v.needed balance to the asymetrical relationships, say between large specs & retail for instance, but not only... and i am all for anything that can meaningfully improve the performance, fairness where conflicts of interest may exist, transparency, credibility and approachability of such institutions and its people... am clearly not a big proponent of anarchy - just bought Rand's books btw, atlas shrugged & fountainhead, u've read them? - nor of a return to hunter/gatherer lifestyle, but you'd already gathered that i guess...
and as far as conspiracy theories go, i only mind them when people take them too seriously based on smart strawmen etc type compositions... but i still managed to enjoy the da vinci code, both book & movie, despite knowing from way back that the priory of scion was a total hoax...
just thoughts for the week-end ;-)
http://www.elitetrader.com/vb/showthread.php?s=&postid=859575&highlight=tier#post859575
http://www.elitetrader.com/vb/showthread.php?s=&postid=859732&highlight=planet#post859732
(this is no vendetta against the other poster in these links btw, i've come to realize that i am often closer to his views than i initially thought i'd be...)
but yes, right or wrong, i am a supporter of the idea that the Fed, and other G8+ independent CBs for that matter, similar to an independent Judiciary, are the right tools to have to foster harmonious social & economic development and restore some v.needed balance to the asymetrical relationships, say between large specs & retail for instance, but not only... and i am all for anything that can meaningfully improve the performance, fairness where conflicts of interest may exist, transparency, credibility and approachability of such institutions and its people... am clearly not a big proponent of anarchy - just bought Rand's books btw, atlas shrugged & fountainhead, u've read them? - nor of a return to hunter/gatherer lifestyle, but you'd already gathered that i guess...
and as far as conspiracy theories go, i only mind them when people take them too seriously based on smart strawmen etc type compositions... but i still managed to enjoy the da vinci code, both book & movie, despite knowing from way back that the priory of scion was a total hoax...
just thoughts for the week-end ;-)
absolutely... as long as they are not being over-manipulated (via corners, intentionally planted false rumors or misleading 'research' etc), freemarket-determined price levels express a v.broad 'value' consensus at a point in time, most desirable thing imo... are u saying u believe the Fed and other mkt authorities think & act differently in a material way?
(i mean, we can always disagree re, e.g., whether shorting rules are fair or whether we shld have them at all, their scope etc, compatibility with 'free markets'... personally, i am against them, but i do find them compatible with 'free markets', in the sense that 'free' to me doesn't equate 'ruleless' (lawless) )
or is it the 'money supply' (M0, M1 etc, incl. the broader non-Mi-type aggregates the Fed is monitoring) and how its managed that you have in mind? if it is, then honestly i wld be doing a bad job anyway trying to summarize / paraphrase what the Fed's Purposes & Functions ebook chap 2 & 3 say about how the Fed goes about fulfilling its duties (to the general public) in those respects, and the operational manuals etc... sadly, this is not v.straightforward stuff YET, although i agree it SHOULD be, and in my experience of mkts & fin. instruments & fin. reporting etc it CAN be, but its no small effort by any measure... and stuff like Basel II is way higher on the priority list, and actually a necessary component for the CBs to be able to monitor (and report) even better...
on the other hand if people don't demonstrate and convey a sense that tons more clarity is required for continued grassroots confidence in the 'system' / credibility's sake notably (no pejorative innuendos intended), i also agree its not going to happen, cause of the technocratic bias... hence my earlier reply to Avid re using the feedback mechanism as a starting point, then yes, raise a real broad public ruckus if he's got a point and the Fed seems to ignore, and i'll be signing up (under my fake US identity)... but it has to be a REAL point...
(i mean, we can always disagree re, e.g., whether shorting rules are fair or whether we shld have them at all, their scope etc, compatibility with 'free markets'... personally, i am against them, but i do find them compatible with 'free markets', in the sense that 'free' to me doesn't equate 'ruleless' (lawless) )
or is it the 'money supply' (M0, M1 etc, incl. the broader non-Mi-type aggregates the Fed is monitoring) and how its managed that you have in mind? if it is, then honestly i wld be doing a bad job anyway trying to summarize / paraphrase what the Fed's Purposes & Functions ebook chap 2 & 3 say about how the Fed goes about fulfilling its duties (to the general public) in those respects, and the operational manuals etc... sadly, this is not v.straightforward stuff YET, although i agree it SHOULD be, and in my experience of mkts & fin. instruments & fin. reporting etc it CAN be, but its no small effort by any measure... and stuff like Basel II is way higher on the priority list, and actually a necessary component for the CBs to be able to monitor (and report) even better...
on the other hand if people don't demonstrate and convey a sense that tons more clarity is required for continued grassroots confidence in the 'system' / credibility's sake notably (no pejorative innuendos intended), i also agree its not going to happen, cause of the technocratic bias... hence my earlier reply to Avid re using the feedback mechanism as a starting point, then yes, raise a real broad public ruckus if he's got a point and the Fed seems to ignore, and i'll be signing up (under my fake US identity)... but it has to be a REAL point...
You did not even bother to read the foreword of the link Wallace posted huh?
Next time do it, cause you just made a fool of yourself.