Liberal Forum

Cannonpointer » 18 Dec 2017 10:27 pm » wrote:

charles.thompson » 18 Dec 2017 10:25 pm » wrote: I don't think you know how it works, either. The federal reserve does make a profit because it loans its 'federal reserve notes' to banks, so banks pay the federal reserve. the US then taxes its profits at close to 100%

I've never heard of a business that could be taxed at 96% and be worth bothering with.

But I guess if your business is **** currency, it could work - especially if the 96% tax on your profits was something some guy on the internet was merely mouth ****.

https://www.federalreserve.gov/newseven ... 60111a.htm

...never mind the republican-radio-leveler charles thompson, cannon!...i can already see he doesn't understand the difference between 'the fed' per se [merely the inital step/mechanism in a convoluted money creation process designed to confuse stoooopid **** republicans like apparently poor charles] and the private commercial banks where the BULK of 'our' money is created as interest-bearing debt]

...HERE'S ANOTHER EXCELLENT PRODUCTION THAT EXPOSES CHARLES THOMPSON AS A LIGHTWEIGHT BABBLING MONETARY IGNORAMUS:. i guess i shouldn't pick on charles...at least he tries/yearns unlike his fellow republifools..

https://www.youtube.com/watch?v=2VauMFaHJT0

Cannonpointer » 18 Dec 2017 10:27 pm » wrote:

charles.thompson » 18 Dec 2017 10:25 pm » wrote: I don't think you know how it works, either. The federal reserve does make a profit because it loans its 'federal reserve notes' to banks, so banks pay the federal reserve. the US then taxes its profits at close to 100%

I've never heard of a business that could be taxed at 96% and be worth bothering with.

But I guess if your business is **** currency, it could work - especially if the 96% tax on your profits was something some guy on the internet was merely mouth ****.

so they made about 2.5 billion total in profits in 2015. 113 billion gross, 97.7 paid in taxes, 3.9 billion operating costs, and random crap for the remaining expenses

peepee » 18 Dec 2017 10:46 pm » wrote:...never mind the republican-radio-leveler charles thompson, cannon!...i can already see he doesn't understand the difference between 'the fed' per se [merely the inital step/mechanism in a convoluted money creation process designed to confuse stoooopid **** republicans like apparently poor charles] and the private commercial banks where the BULK of 'our' money is created as interest-bearing debt]

...HERE'S ANOTHER EXCELLENT PRODUCTION THAT EXPOSES CHARLES THOMPSON AS A LIGHTWEIGHT BABBLING MONETARY IGNORAMUS:. i guess i shouldn't pick on charles...at least he tries/yearns unlike his fellow republifools..

https://www.youtube.com/watch?v=2VauMFaHJT0

you know its really easy to find random BS on the internet right? I never heard of this guy. But I do know that conspiracy theories based on misunderstanding how banks operate are very, very common. Seems like they make random crap up a lot to distract people from real conspiracy theories.

...charles like to pat himself on the back and pretend how smart he is, but the pathetic republican ******* apparently still believes [as do many many goddamned republicrat fools] that the money banks lend comes from deposits... ...i used to believe that myth too when i was a stoooopid **** republican like charles!...more evidence charles is a monetary ignoramus:

https://www.youtube.com/watch?v=KhYQ-qQutSw

charles.thompson » 18 Dec 2017 10:51 pm » wrote:
you know its really easy to find random BS on the internet right? I never heard of this guy. But I do know that conspiracy theories based on misunderstanding how banks operate are very, very common. Seems like they make random crap up a lot to distract people from real conspiracy theories.

...anyone who has ever honestly looked into our hideous monetary order knows who bill still is...the fact you/ve never heard of him is just another nail in your coffin of monetary ignorance..

...even wikipedia exposes the pathetic republican-radio money dummy, charles!...

https://en.wikipedia.org/wiki/Monetary_system

"
...Money is mostly created, contrary to what is written in most textbooks, by banks when they loan to customers."

The 97% tax is for transferring interest on assets (bond coupons) to the government. It's a trivial formality - the Chair might as well walk to the Treasury or IRS and deposit a check herself and call it "payment for services rendered."

charles.thompson » 18 Dec 2017 10:47 pm » wrote: so they made about 2.5 billion total in profits in 2015. 113 billion gross, 97.7 paid in taxes, 3.9 billion operating costs, and random crap for the remaining expenses

charles.thompson » 18 Dec 2017 10:44 pm » wrote:
https://www.federalreserve.gov/newseven ... 60111a.htm

What was it you said? MOSTLY government - only a LITTLE bit pregnant?

Dantev2 » 19 Dec 2017 12:25 am » wrote:The 97% tax is for transferring interest on assets (bond coupons) to the government. It's a trivial formality - the Chair might as well walk to the Treasury or IRS and deposit a check herself and call it "payment for services rendered."

What the eager dicksucker doesn't get is that the interest being taxed doesn't mitigate the principle being ***-shat from thin air.

charles.thompson » 18 Dec 2017 10:51 pm » wrote:
you know its really easy to find random BS on the internet right? I never heard of this guy. But I do know that conspiracy theories based on misunderstanding how banks operate are very, very common. Seems like they make random crap up a lot to distract people from real conspiracy theories.

Yes, yes - "real" conspiracy theories - because control of the issuance of our currency - that's not juicy enough for an apologist with zero conception of reality.

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).

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).

If the government were "getting it's own money back," we would not be 20 trillion in arrears. We would be breaking even.

If the fed were "mostly government," charles would not be as full of **** as a christmas goose.

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).

...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'...

...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....

the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.

- Modern Money Mechanics, Federal Reserve Bank of Chicago
https://archive.org/stream/ModernMoneyM ... 2/mode/1up

charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.

2% inflation is too low, even assuming that figure is real and not a simulacrum (which it probably is).

charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.

...as someone who has grown a little fond of you charles, SHHHHHHHHHHHHHHH...you're only digging deeper...ENOUGH OF YOUR CHILD-LIKE OPINIONS/UNDERSTANDINGS ABOUT SOME 2% GROWTH MEASURED IN SOME ILLION$ OF DOLLARS WHEN IT'S PAINFULLY OBVIOUS THAT YOU ARE A BUTT-IGNORAMUS AS TO THE ORIGIN AND NATURE OF EVEN ONE 'DOLLAR'...stfu, man!...

...look around you, charles!...'growth' in warmongeri$m, 'free market' prisons, oil consumption, 'the financial sector' etc....stfu with your 2% buffalo shuffle, charles!..SAVE YOURSELF, CHARLES!!...STOP WITH YOUR TWISTED REPUBLICAN RADIO WORLDVIEW!...SHHHHHHHHHH....

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance."[8] (charles lindbergh-certainly no radio-republican)

charles.thompson » 19 Dec 2017 7:54 am » wrote:the fed operates as it does to keep inflation around 2%...which it has honestly done a great job at...and it certainly would not be possible for us to have 2% inflation if private banks were making their own money. Also, the fed is supposed to try to keep unemployment around 4.5%, which it has been decent at doing. obviously its impossible during a recession.

2%, the dildo says. Remarkable job, he says.

gas
milk
housing
bread

I remember when gas and bread were around 10 cents - one silver dime. A home was maybe 10 grand.

Our new 3 bedroom in town cost 7200 in '63. At 2% inflation, it would be worth about 17k today. Let's see what zillow says, mr. 2%.

.

60,000.

If gas was 25 cents in '63, it should be 58 cents today, figuring 2% per annum inflation. Ditto bread. Ditto milk.

It almost looks like someone is full of ****.

Looks like I can believe about 2% of what this remarkable knob job has to say.