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Can anyone explain to me why the entire world banking system
Posted on 11/21/22 at 3:07 pm
Posted on 11/21/22 at 3:07 pm
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
This post was edited on 11/21/22 at 3:10 pm
12
Posted on 11/21/22 at 3:18 pm to RoosterCogburn585
You are not protected by your alter. You should quickly dump your credit cards, sell your house, jump off the grid and disappear somewhere near the US Canadian border in probably Minnesota somewhere.
You figured it out..... in reality , you are not far off.
You figured it out..... in reality , you are not far off.
Posted on 11/21/22 at 3:22 pm to RoosterCogburn585
quote:I mean, at some point, you could just say this about civilization in general. But in a world where we at least attempt coordination and civilization, what specifically are you referring to about banks? Did you just watch It's a Wonderful Life?
Can anyone explain to me why the entire world banking system
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
Posted on 11/21/22 at 3:23 pm to RoosterCogburn585
The real issue are the Central Bankers.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
Constitutionally, our government has the right to print/coin money…. But Woodrow Wilson said no, we’d rather pay the Federal Reserve to print it for us???
Greatest tyranny ever perpetrated against the American people.
This post was edited on 11/21/22 at 3:24 pm
Posted on 11/21/22 at 3:26 pm to RoosterCogburn585
Posted on 11/21/22 at 3:49 pm to RoosterCogburn585
quote:
Isnt just one gigantic house of cards? Seems like it is all just robbing peter to pay paul...
This is it exactly. This is what growth economy ultimately gets us. Funny how people never needed "an economy" before the Great Depression and they all got along fine in life.
All that "stuff" you think you need, do you really need it? No, you don't.
Posted on 11/21/22 at 4:23 pm to RoosterCogburn585
quote:
Seems like it is all just robbing peter to pay paul...
It doesn't even do that. Legal tender does not pay anything off.
Posted on 11/21/22 at 4:25 pm to Reservoir Ag
quote:We don't.
Why should we pay the Federal Reserve $650B plus every year to print and borrow money from them?
The Federal Reserve earns interest on its holdings of U.S. government bonds just like any other holder of government bonds. The Fed is not a line item expense on the Federal budget.
The reality is the Federal Reserve is a lender to the U.S. government (by buying U.S. government bonds), not a borrower.
quote:And it does.
Constitutionally, our government has the right to print/coin money…
quote:
The job of actually printing the money that people withdraw from ATMs and banks belongs to the Treasury Department's Bureau of Engraving and Printing (BEP), which designs and manufactures all paper money in the U.S. (The U.S. Mint produces all coins.)
The Fed then distributes that currency via armored carrier to its 28 cash offices, which then further distributes it to 8,400 banks, savings and loans and credit unions across the country. For the 2020 fiscal year, the Fed's Board of Governors ordered 5.2 billion Federal Reserve notes—the official name of U.S. currency bills—from the BEP, valued at $146.4 billion.
Who Prints Money in the U.S.?
Posted on 11/21/22 at 4:27 pm to LSURussian
quote:
LSURussian
Where have you been? Post more!
Posted on 11/21/22 at 4:33 pm to RoosterCogburn585
The joke is on the rest of the world. We get to sit in air conditioned offices playing Facebook while entire populations of people do real work making our shite. All because our military dates them to sell their oil in anything but dollars. It’s coming to end though. Teach your kids how to work. They or your grandkids’ survival will depend on it.
Posted on 11/21/22 at 4:36 pm to LSURussian
You can argue with the finance folks at the Washington Post.
They say, “The interest numbers keep growing and growing. For fiscal 2024, we’re looking at a $719 billion interest cost if you include my $194 billion estimate for higher rates.”
[quote]LINK ]
They say, “The interest numbers keep growing and growing. For fiscal 2024, we’re looking at a $719 billion interest cost if you include my $194 billion estimate for higher rates.”
[quote]LINK ]
Posted on 11/21/22 at 4:50 pm to RoosterCogburn585
The entire finanacial system is extremely fragile, and it will break one day.
I know people in the cyber security business, and I am told that nothing is safe, including the financial/banking systems....scary.
I know people in the cyber security business, and I am told that nothing is safe, including the financial/banking systems....scary.
This post was edited on 11/21/22 at 4:53 pm
Posted on 11/21/22 at 4:54 pm to Reservoir Ag
quote:
Greatest tyranny ever perpetrated against the American people.
quote:
99 "Permit me to issue and control the money of a nation, and I care not who makes its laws. Mayer Anselm Rothschild, 1790" (1791 was the establishment of the First Bank of the United States.
Posted on 11/21/22 at 4:54 pm to Reservoir Ag
quote:Apparently your financial issues reading comprehension is comparable to your "how to post a link" ability.
Reservoir Ag
The Federal Reserve buys U.S. government securities as part of its congressionally-mandated monetary policy implementation duties and, as with any owner of government securities, earns interest on those holdings.
The Fed is mandated, by law, to return all surplus earnings to the U.S. Treasury annually. For fiscal year 2021, the Fed returned $107.4 billion to the Treasury in January of this year.
Federal Reserve Board announces Reserve Bank income and expense data and transfers to the Treasury for 2021
Posted on 11/21/22 at 4:57 pm to LSURussian
Glad to see you're alive.
Posted on 11/21/22 at 4:57 pm to RoosterCogburn585
We want to allow Central Banks to:
a)Have fractional reserve banking i.e. banks can lending money they don't have
b)Have quantitative easing i.e. counterfeiting or the artificial printing of money
c)To repress the amount of interest rates i.e. so we don't have the real cost of money
d)Have deposit guarantees i.e. so when the bank goes broke; the taxpayer picks up the tab
a)Have fractional reserve banking i.e. banks can lending money they don't have
b)Have quantitative easing i.e. counterfeiting or the artificial printing of money
c)To repress the amount of interest rates i.e. so we don't have the real cost of money
d)Have deposit guarantees i.e. so when the bank goes broke; the taxpayer picks up the tab
Posted on 11/21/22 at 5:01 pm to LSURussian
Ask Ye who owns the U.S. and the rest of the modern world.
Posted on 11/21/22 at 5:01 pm to LSURussian
Here’s the update link dick bag. Washington Post predicts interest payments to the Federal Reserve to exceed $710B by 2024.
Washington Post.
Washington Post.
This post was edited on 11/21/22 at 5:34 pm
Posted on 11/21/22 at 5:04 pm to LSURussian
The "funds" come from the IMF.
Posted on 11/21/22 at 5:05 pm to UncleFestersLegs
This man gets it!
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