19 Dec 2017 7:33 am
...DANTE, i believe you'll find that the initial smoke and mirror, paper-shuffle transaction involves the 'federal reserve board' acquiring the interest-bearing treasury bonds for nothing/free but depositing these bonds in their 'member banks' [the thousands of private commercial banks] where they are counted as 'reserves' upon which said private commercial banks work their hideous privilege of 'fractional reserve deposit creation'..where, essentially, the banksters get to create-BY MERELY ENTERING SOME NUMBER$ INTO SOME ACCOUNTS- some unknown illion$ in interest-bearing loans and use this scheme to secure collateral from us in the form of 'our' land, houses, cars, etc...YES, 'THE FED BOARD' RETURNS MOST/ALL INTEREST [so they say, i've never seen an honest attempt at an audit] FROM THE BUFFALO SHUFFLE INITIAL TRANSACTION BUT THE PRIVATE COMMERCIAL BANKS ACQUIRE THESE BONDS FOR FREE IN SECONDARY MARKETS USING 'FRACTIONAL RESERVE DEPOSIT CREATION' PLUS THEY GET TO KEEP ALL THE INTEREST THEY ACQUIRE USING THEM AS 'RESERVES'...Dantev2 » 19 Dec 2017 12:37 am » wrote:It's a pretty pointless exercise since a lot of those assets are US Treasuries, so basically the Treasury is getting its own money back. They might as well have the power to credit bank reserves without FOMC. The system peepee suggested was crediting every adult US citizen an equal amount whenever new money is created.
But of course that has no chance of becoming law (under current political conditions).
...i believe you'll find that these 'private commercial banks' are essentially a 'cartel' of people who have secured for themselves and their families--for generation$--massive wealth/power precisely because they are favored greatly through this hideous system of money creation and issuance, finance, etc..
...essentially, they get money for nothing and free chicks while the rest of us have to work for their money and chicks...
..btw, DANTE, i think all people should be credited equally with any new money...not just adults...parents would/could control their children's money...and of upmost importance is the TRANSPARENCY OF ANY CHANGES TO 'THE MONEY SUPPLY'...IT IS MONSTROU$ HAVING A CERTAIN CLASS OF PEOPLE [BANKSTERS, etc.] IN POSSESSION OF CRITICAL INFORMATION ABOUT FUTURE 'MARKET CONDITION$' WHEREBY 'THEY' CAN USE THEIR MONOPOLY CARTEL POWER/INSIDE INFO IN RISKLESS PROFIT SCHEMES [for them, not us] GALORE...
...[hint for you stooooopid **** radio republicans: ...your goddamned fool 'free market' is like playing a card game when you don't understand all the rule$...with a card $hark using a $tacked deck!... WAKE UP, CHARLES!...SAVE YOURSELF!!!...DON'T GO THROUGH LIFE AS A GODDAMNED FOOL REPUBLICAN RADIO MONETARY IGNORAMUS!!...
...and MERRY X-MAS!, republicans!.. i hear you folks don't ever hear MERRY X-MAS!! anymore and it's a real big issue in your radio circle....