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  • wizardwatson's Avatar
    Today, 10:46 PM
    You have quite a history, David. You should really stop blashpeming the Lord's name by associating it with your mystic ambitions. Christ is not a concept for you to perfect and mold as your heart desires. He's a person.
    4 replies | 106 view(s)
  • wizardwatson's Avatar
    Today, 10:02 PM
    Well, I watched all 10 minutes Gunny. Watched her 2 minutes as well. She is clearly out of her element. You should crush her. But money is funny. Never heard you speak before. Pretty impressive.
    11 replies | 71 view(s)
  • wizardwatson's Avatar
    Today, 09:48 PM
    I figured. Which made offering easier. :D
    11 replies | 71 view(s)
  • specsaregood's Avatar
    Today, 09:46 PM
    What was your original username here?
    299 replies | 21666 view(s)
  • Zippyjuan's Avatar
    Today, 09:05 PM
    4 replies | 54 view(s)
  • Zippyjuan's Avatar
    Today, 08:47 PM
    I have already pointed out that that is all incorrect. Except the part where the Fed purchase US Treasury notes on the open market (or did purchase- they stopped buying in 2014 except to replace those which are maturing). They don't charge interest on them- they do get paid the same interest on them as all US Treasury holders do- but they give that money back so really they don't "charge" any interest on them. Thety aren't handing out $80 billion to banks to "play with it" (banks have only $20 million borrowed and it is short term so they aren't "playing with it")
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 08:32 PM
    I see. There is no point. Thanks for playing.
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 08:28 PM
    There isn't a military escalation going on. I thought Putin was withdrawing from Syria.
    10 replies | 249 view(s)
  • Zippyjuan's Avatar
    Today, 08:22 PM
    A bank gives the Fed collateral for a short term loan. They are highly unlikely to use that money to make an investment into purchasing stocks. The bank is allowed to buy stocks. The Federal Reserve isn't. Banks have only borrowed $20 million so they aren't making billions doing what you suggest. What is your point?
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 08:20 PM
    "Not reliable" but going to post it anyways.
    7 replies | 163 view(s)
  • Zippyjuan's Avatar
    Today, 08:16 PM
    Their books are regularly audited. But don't take my word for that. Link to their audit page:
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 08:08 PM
    Nobody has claimed that. The trouble with the mortgage securities was that they were piles of mortgages packed into securities and those securities packaged into larger securities. Many were good but some were bad. The problem was that nobody wanted to take the time to try to figure out how much was good and how much was bad in each security so nobody was willing to buy any of them so the market (and prices) started to collapse. TARP (the Congressional bailout package) was originally supposed to use taxpayer money to buy them up, hire people to sort out the good from bad and get an actual value for each one and then resell them- at a profit for the government to cover their costs. That was changed to loans to companies like the automotive industry so the Fed stepped in and started picking them up- initially trading US Treasuries they owned for them and later buying them outright to restore the market. More info on the Fed Discount Window lending if you are actually serious about learning about it and don't want to just take my word on it: That bit about having to provide collateral to secure the loan makes it even less likely a bank would borrow money to invest it in something.
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 07:59 PM
    Loans from the Fed are usually only overnight and are not used to buy stocks. Total borrowing (transfer of money) to member banks is currently only $20 million. I suppose theoretically possible, but does not happen so I'm not sure what sort of point you were trying to make.
    49 replies | 444 view(s)
  • specsaregood's Avatar
    Today, 07:58 PM
    Randal always does a great job of portraying his objections as his way of supporting candidate trump and opposing the nevertrumpers..
    38 replies | 973 view(s)
  • specsaregood's Avatar
    Today, 07:56 PM
    Really? Cuz I'm surrounded by catholics in my area and I dont' think even catholics pay attention to him anymore.
    11 replies | 225 view(s)
  • Zippyjuan's Avatar
    Today, 07:24 PM
    The threat quoted in my post comes from a spokesperson on Russian run TV- not an Australian commentator.
    116 replies | 1230 view(s)
  • Zippyjuan's Avatar
    Today, 07:19 PM
    You asked if the Fed can temporarily transfer any assets to member banks. I am attempting to try to answer the question. What kind of assets did you have in mind? Yes, they can transfer money. They can't transfer gold or stocks since they don't own any. The Fed stores gold, but does not own any gold.
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 07:10 PM
    What sort of assets are you talking about then? The Fed assets are securities- some US Treasuries and some Mortgage Backed ones. The Fed doesn't have any gold or corporate assets like stocks they can transfer to a member bank.
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 07:05 PM
    Like US Treasury Notes? Or money? Banks can borrow money from the Fed through their Discount Window. Those are usually overnight loans to meet cash flow shortages. But they rarely do that if possible. Current Discount Window loans outstanding total $20 million (yes, with an "m", not billion with a "b").
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 06:58 PM
    Article does not say that banks own the Federal Reserve if that is what you were looking for. The banks do get to nominate directors to the regional Federal Reserve regional banks but do not own them. The Board of Directors for the actual Federal Reserve are nominated by the President of the US subject to the approval of Congress. As for the Fed buying stocks:
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 06:40 PM
    Link? Banks do own "stocks" in the Federal Reserve, but those are not ownership stocks but "membership" stocks. If a bank wants to join the Federal Reserve System, they are required to put up ten percent of their assets as collateral. In exchange, they are issued stocks. But those stocks cannot be bought or sold like other stocks. In exchange, they do get paid a six percent dividend for the money they had to surrender. Nor do the stocks come with any voting privileges. They have grant no power to the member banks. It is a "membership fee".
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 06:31 PM
    The Fed does not own any stocks. They are prohibited by law from doing so.
    49 replies | 444 view(s)
  • Zippyjuan's Avatar
    Today, 06:23 PM
    The Fed turns over any interest payments they receive (along with other profits minus their costs) to the US Treasury at the end of every year. $80 billion last year.
    49 replies | 444 view(s)
  • Raginfridus's Avatar
    Today, 06:20 PM
    I just want to show you guys where SJWs in the Gaming Industry and at Warner Bros. have taken Middle Earth: The rape really begins @ 5:20 or thereabouts. Chinese. Women. Ring Wraiths. One of these things is not like the others...
    6 replies | 262 view(s)
  • Zippyjuan's Avatar
    Today, 06:14 PM
    Debt is paid to the US Treasury- not the Fed.
    49 replies | 444 view(s)
  • specsaregood's Avatar
    Today, 06:10 PM
    Coming soon to an app store near you, "The Alibi App" that you can preprogram to make phone calls or tool around the internet for you while you are away committing crimes. Bonus, put it on top of your Roomba to make it look like you are walking around your house while you are away.
    4 replies | 66 view(s)
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6 Visitor Messages

  1. View Conversation
    Please stop posting in my threads. Ok? you arent an libertarian since that is the case here just what are you doing here then? in fact if you truly support Ron Paul's movement just what have you done since 2008?

    In one of the threads that i had posted on Dec 3 you desperately tried on defending the Ukrainian opposition while as i pointed on the thread how your beloved Ukrainian opposition are nothing more then a bunch of parties with a history of having Nazism Ideology. This is not your first time, you also defended the Syrian Rebels and what for again?

    I lived in Europe you haven't. I have family in Europe do you? doubtfully. Before you can claim that the EU is more freer ok then why dont you go there and stay there in the EU for a couple months and see if you can find a job?
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  3. View Conversation
    I did. I honestly think it best to have a gentlemen's agreement to just stay away from eachother. I appreciate the fact that you believe in what you are doing, there's no way you would be posting so much if you didn't. I also believe in what I am doing. Start new threads linking to and countering my threads if you want. I will stay out of them. Sound like a good solution?
  4. View Conversation
    I know it is an open forum and I can't stop anyone from posting anywhere. Just thought I'd ask.
  5. View Conversation
    Please stop posting in my threads. We will never agree on anything. I do not care what you do in other people's threads. Please leave my threads alone. I won't ever even mention your name or reply to any of your posts, just please stay out of the threads I start. They make up less than 1% of the threads started here. You have plenty of other threads to occupy your time.
  6. View Conversation
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