Who is not printing money?

[murray t turtle]

How do you figure? That money was loaned to us by the government in the first place! The money we earned through our hard work did not come out of the company's pocket who we worked for, it came from the government which loaned that company the money to do business in the first place!

%%
Party true, ''our hard work'' helps;
not100% true @ all.
Past + present forms of money like private checks + money orders are in measured US dollars; but those come from the private sector [+ USPO,LOL].
May chose to put them in a FDIC insured bank, but its still mine.
Other past forms of exchange= US gov stamps,
beaver pelts,
silver,
gold,
buckskins[aka = bucks]
shells,
barter.......................
Federal reserve notes are not gov notes\ FED head is appointed by gov but private.
That's why FED is in white pages , next to FDX.
Even those that loan IRS too much tax money= that balance is yours+ thats why IRS returns it to you with out interest

 

[piezoe]

FED head is appointed by gov but private.

The Fed is not Private. Understanding Fed and Treasury operations must start with a correct understanding that ever since the banking laws of the 1930s the Fed has been thoroughly government, despite legacy Private bank participation in the running of the Regional Banks. The bottom line is the deciding factor here. All Fed profits, which includes those of the Regional Banks, flow directly back to the United States Treasury; not to Private Banks.

The question of whether the Fed banks are private or government was settled definitively by Wells Fargo v. The United States (Google it) :

"Congress has transferred functional ownership and control of the FRBs [Federal Reserve Banks] to the Treasury and the Federal Reserve Board...Today, the United States, not the nominal shareholders, are the economic owners of the FRBs..".

​

 

[murray t turtle]

The Fed is not Private. Understanding Fed and Treasury operations must start with a correct understanding that ever since the banking laws of the 1930s the Fed has been thoroughly government, despite legacy Private bank participation in the running of the Regional Banks. The bottom line is the deciding factor here. All Fed profits, which includes those of the Regional Banks, flow directly back to the United States Treasury; not to Private Banks.

The question of whether the Fed banks are private or government was settled definitively by Wells Fargo v. The United States (Google it) :

"Congress has transferred functional ownership and control of the FRBs [Federal Reserve Banks] to the Treasury and the Federal Reserve Board...Today, the United States, not the nominal shareholders, are the economic owners of the FRBs..".

​

%%
OK\
but if you think that, how is the books of the FED audit coming along, like Dr/Senator R Paul said?? LOL WFC sure wishes they were not a bank regulator, also.
These things get more complex as time goes on.
I looked up in my old Webster's school dictionary, what the dealers call ''tin'';
''tin'' also means slang for money
NObody pays ''all profits'' to US Treasury\ you think Mr Powell puts all his salary on a credit card?? Surely you just.
FED is a rather unique group/like the old Fed V-Pres Alan Binder said in WSJ , '' Happy New Year''
And like WSJ noted/ Fed Head Mr Powell sang ''Star of Wonder, Star of light guide us by thy perfect light..............................

 

[piezoe]

%%
OK\
but if you think that, how is the books of the FED audit coming along, like Dr/Senator R Paul said?? LOL WFC sure wishes they were not a bank regulator, also.
These things get more complex as time goes on.
I looked up in my old Webster's school dictionary, what the dealers call ''tin'';
''tin'' also means slang for money
FED is a rather unique group/like the old Fed V-Pres Alan Binder said in WSJ , '' Happy New Year''
And like WSJ noted/ Fed Head Mr Powell sang ''Star of Wonder, Star of light guide us by thy perfect light..............................

No. Sorry but it is not OK. You are helping to repeat and spread disinformation from the internet that arises, in part, from crackpots like Senator Paul, who must surely know the Fed is audited, both internally and externally several times over. All government agencies are audited. I resent having to take time to respond to such utter nonsense.

The Board of Governors, the Federal Reserve Banks, and the LLCs are all subject to several levels of audit and review. The Reserve Banks' and LLCs’ financial statements are audited annually by an independent public accounting firm retained by the Board of Governors. To ensure auditor independence, the Board requires that the external auditor be independent in all matters relating to the audit. Specifically, the external auditor may not perform services for the Reserve Banks, the LLCs, or affiliates that would place it in a position of auditing its own work, making management decisions on behalf of the Reserve Banks or the LLCs, or in any other way impairing its audit independence. In addition, the Reserve Banks and LLCs are subject to oversight by the Board.

The Board of Governors' financial statements are audited annually by an independent public accounting firm retained by the Board's Office of Inspector General. The Office of Inspector General also conducts audits, reviews, and investigations relating to the Board's programs and operations as well as of Board functions delegated to the Reserve Banks and the LLCs.


Audited Annual Financial Statements of the Federal Reserve System
(annual statements as of and for the years ended December 31, 2021 and 2020)
Combined Federal Reserve Banks 2021 PDF*
Federal Reserve Bank of Atlanta 2021 PDF
Federal Reserve Bank of Boston 2021 PDF
LLC Consolidated by the Federal Reserve Bank of Boston
MS Facilities LLC
2021 PDF
Federal Reserve Bank of Chicago 2021 PDF
Federal Reserve Bank of Cleveland 2021 PDF
Federal Reserve Bank of Dallas 2021 PDF
Federal Reserve Bank of Kansas City 2021 PDF
Federal Reserve Bank of Minneapolis 2021 PDF
Federal Reserve Bank of New York 2021 PDF
LLCs Consolidated by the Federal Reserve Bank of New York
CP Funding Facility II LLC
Corporate Credit Facilities LLC
Municipal Liquidity Facility LLC
Term Asset-Backed Securities Loan Facility II LLC
2021 PDF**
2021 PDF**
2021 PDF
2021 PDF
Federal Reserve Bank of Philadelphia 2021 PDF
Federal Reserve Bank of Richmond 2021 PDF
Federal Reserve Bank of San Francisco 2021 PDF
Federal Reserve Bank of St. Louis 2021 PDF
Board of Governors
​

All the information you may seek is public and at your finger tips. Neither you nor I should be held accountable for Senator Rand Paul's ignorance. Worse yet, if he is not grandstanding out of ignorance, and I suspect he is not for how could he not know the Fed is independently audited beyond its own internal audits, then he is criminal in his misrepresentations, because he can cause real and demonstrable harm.

Please stop living in the dark world of political innuendo. Use your head. Would for any reason the Federal reserve be any different from any other government agency, and not be audited?

"NObody pays ''all profits'' to US Treasury\ you think Mr Powell puts all his salary on a credit card?? Surely you just [sic]."

Don't be childish. If you want to have a serious discussion, fine, but this is ridiculous. Look up the definition of profits.

I apologize for being short with you. I can not help it. Your post is so over the top ridiculous.

​

 

[murray t turtle]

No. Sorry but it is not OK. All government agencies are audited.

"NObody pays ''all profits'' to US Treasury\ you think Mr Powell puts all his salary on a credit card?? Surely you jest [sic]."
Don't be childish. If you want to have a serious discussion, fine, but this is ridiculous. Look up the definition of profits.

​

%%
Fed is not a gov agency;
but i also thought that profit statement of yours was ridiculous, but i'm in private sector. And filed years of IRS business taxes,profits with CPA.
So that explains my rebuke of your silly ''all profits'' to US Treasury.
IF you want call the FED, Fannie, Freddy a gov agency\ sounds like you live in DC, fine.
''ALL '' FED profits to US Treasury?? So every JAN or whatever , they start with ZERO??Wow, i would have guessed they have a bit of a reserve / working capital or savings??

Frankly calling a Us Senator+ Dr a ''crackpot'' because you dont like his policies , but your smoke screen on a n audit error, shows us a lot about you.
Thanks for your reply and audit info[Not sarcasm]
​

 

[piezoe]

%%
Fed is not a gov agency;
but i also thought that profit statement of yours was ridiculous, but i'm in private sector. And filed years of IRS business taxes,profits with CPA.
So that explains my rebuke of your silly ''all profits'' to US Treasury.
IF you want call the FED, Fannie, Freddy a gov agency\ sounds like you live in DC, fine.
''ALL '' FED profits to US Treasury?? So every JAN or whatever , they start with ZERO??Wow, i would have guessed they have a bit of a reserve / working capital or savings??

Frankly calling a Us Senator+ Dr a ''crackpot'' because you dont like his policies , but your smoke screen on a n audit error, shows us a lot about you.
Thanks for your reply and audit info[Not sarcasm]
​

I was taught that when you are proven wrong, just admit it and quit digging, That was good advice for me, and i would think it good for you as well.

 

[TimtheEnchanter]

The poor suckers in the EU who gave up control of their own currency - fucked by the rich West printing EU's, making them liable but not giving them their share! Fuck the EU and the commie assholes running it.

 

[TimtheEnchanter]

Russian external debt lowest in the world.

Yes, because they defaulted once and nobody gives them shit...or for only a high rate!

 

[piezoe]

The poor suckers in the EU who gave up control of their own currency - fucked by the rich West printing EU's, making them liable but not giving them their share! Fuck the EU and the commie assholes running it.

I wouldn't have put this quite the way you have, but it does seem the poorer EU countries erred in giving up total sovereignty over their money. It is not, however, because adopting a common currency is a bad idea; this is a very good idea. Rather its because the poorer nations did not insist, as a condition of joining the monetary union, on a common bond, the Eurobond, being adopted. This, Germany will continue to resist.

Without a common bond the EU monetary union will remain incomplete and exploitive from the viewpoint of the poorer nations. It's why the monetary union may eventually break into two or more parts. It's why Soros, at Frankfurt a few years ago, said Germany should either agree to the Eurobond or leave the monetary Union. And it is why the UK's decision not to join the monetary union was wise. Even though the UK wisely avoided the monetary union, they made a mistake in leaving the EU trade union.

 

[TimtheEnchanter]

Even though the UK wisely avoided the monetary union, they made a mistake in leaving the EU trade union.

How so? The EU is doomed...sooner or later Hungary will leave then Italy, and Poland is pissed because they promised EU funds never got them, and I could go on and on...