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Started By
Message
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Posted on 4/26/18 at 8:23 am
Posted on 4/26/18 at 8:23 am
.
This post was edited on 3/29/19 at 1:27 pm
17
Posted on 4/26/18 at 8:25 am to DaCajun1
quote:
Not realizing such and arguing otherwise shows an ignorant mind vulnerable to tribal propaganda.
Coming from the left this is god damn rich
Posted on 4/26/18 at 8:26 am to DaCajun1
(no message)
This post was edited on 1/19/21 at 8:42 pm
Posted on 4/26/18 at 8:28 am to DaCajun1
quote:
The Fed does not print money. The Treasury is the department that prints money
You must be young. I've heard the term "federal treasury" more times in my life than I have hair on my head.
Posted on 4/26/18 at 8:38 am to DaCajun1
Cute. You skimmed the first chapter in a 1000 level economics textbook.
Now skim chapter 2 where you might learn what the "M"s that make up the money supply and the term fractional-reserve banking really mean.
Now skim chapter 2 where you might learn what the "M"s that make up the money supply and the term fractional-reserve banking really mean.
Posted on 4/26/18 at 8:49 am to DaCajun1
quote:
The Fed does not print money. The Treasury is the department that prints money via the sub-department Bureau of Engraving and Printing.
I believe most people realize that when they talk about the Fed printing money they do not mean literally printing currency.
Printing money in terms of the Fed means the Fed purchasing federal government debt and private debt simply by transferring made up digital currency into the sellers accounts via Primary Dealers (who get a cut).
Now ask yourself, where does the Federal Reserve get the money to purchase federal government and private debt? Answer: they "print the money".
Posted on 4/26/18 at 9:02 am to DaCajun1
quote:
Biggest misconception ever about the Fed
That they're part of the Fed Government is #1.
Posted on 4/26/18 at 9:03 am to DaCajun1
It’s a fricking metaphor.
By creating credit, they “print” money out of thin air.
By creating credit, they “print” money out of thin air.
Posted on 4/26/18 at 9:06 am to DaCajun1
LSURussian in 3....2.....
Posted on 4/26/18 at 9:09 am to DaCajun1
quote:
The Fed does not print money.
No way!!
Posted on 4/26/18 at 9:11 am to DaCajun1
Seems you are the one that is confused. I wont repeat whats already been explained to you by others in this thread.
The left no longer has any concrete ideals or arguments to stand on. Its find the line where big government currently is and argue in favor of more
The left no longer has any concrete ideals or arguments to stand on. Its find the line where big government currently is and argue in favor of more
Posted on 4/26/18 at 9:15 am to DaCajun1
quote:
When you just watched a YouTube video on a new topic and want to make a deep observation but don’t actually know much about it
Posted on 4/26/18 at 9:20 am to DaCajun1
There appears to be some fairly compelling evidence to the contrary.
Posted on 4/26/18 at 9:21 am to DaCajun1
So the Fed doesn't print real money, they create fake money?
That aleviates so many concerns...
That aleviates so many concerns...
Posted on 4/26/18 at 9:28 am to DaCajun1
quote:
The Fed does not print money. The Treasury is the department that prints money via the sub-department Bureau of Engraving and Printing.
So many suckers fall for the conspiracy that the Fed is printing money. What the Fed creates is credit (i.e., loans) not new paper bills. The reason the Fed can issue a seemingly infinite amount of loans is because when the borrower spends the money, the money winds right back in banking accounts, thus making the money available once again for loaning out.
Not realizing such and arguing otherwise shows an ignorant mind vulnerable to tribal propaganda.
Dude, the M2 Money Supply doesn't grow without the Fed Reserve issuing credit.
When Quantitative or Qualitative Easing occurs, the US government is borrowing digital 0's and 1's that equate to additional M2 supply dollars from the Fed. Those 0's and 1's are fabricated out of thin air by the Fed.
You are confusing physical currency which is minted with M2 Money Supply, which is volume of Dollars in circulation.
They aren't the same thing.
Posted on 4/26/18 at 9:29 am to DaCajun1
quote:
The Fed does not print money. The Treasury is the department that prints money via the sub-department Bureau of Engraving and Printing.
So many suckers fall for the conspiracy that the Fed is printing money. What the Fed creates is credit (i.e., loans) not new paper bills. The reason the Fed can issue a seemingly infinite amount of loans is because when the borrower spends the money, the money winds right back in banking accounts, thus making the money available once again for loaning out.
Not realizing such and arguing otherwise shows an ignorant mind vulnerable to tribal propaganda.
Oh god, where to start...
Most dollars out there in the world are not actually printed or minted currency. It is all currency created out of thin air via fractional reserve banking, where an institution like the Fed can loan out a ratio of 9:1 for every asset held in reserve. That means for every actual paper federal reserve note (dollar bill) the fed buys from the Treasury, the Fed can loan out 9 more fiat dollars created out of thin air by just typing in numbers into a computer or giving people checkbooks.
The Fed and the treasury create fiat money out of thin air. The Fed creates more than 9 times what the treasury does, however. The above is just one mechanism by which the Fed (and allied banking institutions) increases the money supply.
Posted on 4/26/18 at 9:33 am to Wtodd
quote:
That they're part of the Fed Government is #1.
THIS. They are not part of the fed government. That is the single biggest issue with the Fed! An independent institution controls our currency and banking system that is owned by wealthy foreign banking families should be the biggest concern of all citizens of the US.
This post was edited on 4/26/18 at 9:34 am
Posted on 4/26/18 at 9:35 am to DaCajun1
What level is this??
Posted on 4/26/18 at 9:45 am to TigerCoon
quote:
Cute. You skimmed the first chapter in a 1000 level economics textbook.
Now skim chapter 2 where you might learn what the "M"s that make up the money supply and the term fractional-reserve banking really mean.
Posted on 4/26/18 at 10:07 am to bamafan1001
quote:
The Fed does not print money.
Anyone who took this literally, felt the need to post about people taking it literally, and couldn't see the true connotation of the FEDs policy to spur lending and increase the velocity of money and levels of money supply which sometimes has been characterized as "printing money"...is... not using critical thinking.
That's putting it politely.
Whether someone knows the technical term and specifics behind the statement doesn't mean they thought the FED was printing money and dropping it from helicopters.
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