Liberal Forum

peepee » 14 Jun 2019 6:06 am » wrote:

omh » 13 Jun 2019 8:30 am » wrote:So who created the money supply? tyrants controlling the ever changing population arriving next as reproduced so far..

...PEEPEE: 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?'

...OMH: 'SOME BAD GUYS' ['tyrants']

...[just as i thought...this republicrat fool is as oblivious as every other snarky hillbilly dweebzer republicrat here at LF!]

You dislike my posts, you will loath my new thread.
odds are you won't even look. Beware if you read it.

omh » 14 Jun 2019 8:58 am » wrote:You dislike my posts...

...i know you are full of ****....you do not possess the knowledge to accurately describe 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?'

...but that doesn't stop you from working your hole as to 'economics'...

...don't feel bad...you have a lot of snarky hillbilly company here!

peepee » 14 Jun 2019 11:35 am » wrote:

omh » 14 Jun 2019 8:58 am » wrote:You dislike my posts...

...i know you are full of ****....you do not possess the knowledge to accurately describe 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?'

...but that doesn't stop you from working your hole as to 'economics'...

...don't feel bad...you have a lot of snarky hillbilly company here!

Just the intestines. why it was created compared to who invented, maintains, defines the current changing value. I stick to why and how not pay tribute to what, where, when, who anointed themselves as smarter than everyoen else that ever occupied space passing through the moment here.

Relative time and money value both are worship by vocabulary and disrespect the natural order of reproductive positions occupying the moment here.

You and most keep saying I don't have a clue, because you have to disavow everything I say to save your hypothetical standards that misled everyone ancestrally reproduced to this point of the population fighting until extinction over make believe value systems.

omh » 14 Jun 2019 4:33 pm » wrote:I don't possess the knowledge to answer, 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?', so i'll just keep writing my usual **** gibberish theories..

...now you're telling the truth, blowhard!...

peepee » 15 Jun 2019 8:54 am » wrote:

omh » 14 Jun 2019 4:33 pm » wrote:I don't possess the knowledge to answer, 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?', so i'll just keep writing my usual **** gibberish theories..

...now you're telling the truth, blowhard!...

amazing I reviewed this thread and I never posted that quote you placed my name with. That is telling of what kind of person you are hiding behind that character of princess of denial.

How ever, what, where, when, who are established results, the how and why is the kinetic part you avoid and I focus my instincts upon. When cycles of behavior are repeated by rule of law, I compare rule of law with natural balancing and find out who is the "we" ones keeping corrupted intepretations going ancestrally and historically so their name becomes immortal while their time living was just another reproduction sustaining the species as spaced apart now.

same stupidity different deniers in ancestral order to the current population governed to repeat the stupidity again. Honesty is dead in reality but exists within each person told to pay up and stfu or die.

omh » 15 Jun 2019 9:00 am » wrote:
amazing I reviewed this thread and I never posted that quote you placed my name with. That is telling of what kind of person you are hiding behind that character of princess of denial.

...i've asked you REPEATEDLY, 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?'...you obviously don't know the answer...yet you continue to work your hole ....'that is telling of what kind of person you are hiding behind that [republican-radio-level asshole] character of denial'....

peepee » 15 Jun 2019 9:20 am » wrote:

omh » 15 Jun 2019 9:00 am » wrote:
amazing I reviewed this thread and I never posted that quote you placed my name with. That is telling of what kind of person you are hiding behind that character of princess of denial.

...i've asked you REPEATEDLY, 'WHO CREATES OUR MONEY AND HOW DO THEY DO IT?'...you obviously don't know the answer...yet you continue to work your hole ....'that is telling of what kind of person you are hiding behind that [republican-radio-level asshole] character of denial'....

You demand to keep things limited to social results and I add genetic results in place of your way of wanting your quesitoned answered. I don't play talking point chess matches. I adapt to life never exceeding the momentas naturally positioned as one lifetime here now.

I am not a type cast by intellectual choices character of saving humanity on the world stage. You are part of a collective denial system creating class rivalries on purpose to keep everyone so busy defending maybes they never look to find how life does exist self contained to eternally sorted apart now.

the deep state of mind secret history became everything acted out so far.


You have a real masters of the universe complex inside that head of yours and I just blew it up metaphysically.

....here is a thread where i take ricky tavy--a joe biden/willie brown's girlfriend cheerleader --to $chool..

https://liberalforum.net/viewtopic.php?f=3&t=42277&p=1243278#p1243278

...i'll try to make it simple for you, ....the 'value' of the money we use is derived through 'forced usage' i.e. taxation, etc.....whereas 'money'/the value of money is a creature of tax LAW...whereas justice demands/requires equal treatment under the LAW...therefore we all should be treated equally as to money...PARTICULARLY AS TO THE CREATION/ISSUANCE OF MONEY......

[hint: WE ARE NOT TREATED EQUALLY AS TO THE CREATION/ISSUANCE OF MONEY!..DID YOU TEACH YOUR STUDENTS THAT THE GAME IS RIGGED AND HOW?..no, because YOU don't 'get it' yourself!]

...AGAIN, can you please merely copy and paste YOUR best writing/thinking as to "the money'' ...what is YOUR best response to 'WHO CREATES 'OUR' MONEY AND HOW DO THEY DO IT?'


...please don't run and hide again..

AGAIN, as one wag put it, "Whoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

...tavy, your poor students would be better served if you stfu and merely showed them video$ like the following...word... :

https://www.youtube.com/watch?v=p8p4AoOEvi4

peepee » 09 Jul 2019 7:26 am » wrote:....here is a thread where i take ricky tavy--a joe biden/willie brown's girlfriend cheerleader --to $chool.. (and other and sundry aberrations, ramifications, fixations, lamentations, prevarications, hallucinations, and incantations)

You should probably bring all this up with somebody who gives a ****...

OUTED

indago » 09 Jul 2019 8:07 am » wrote:You should probably bring all this up with somebody who gives a ****...

OUTED

...stfu, you screeching old c#nt...stop projecting your monetary ignorance and lack of intellectual curiosity on others, you gd republicrat fool...

...here is someone who---unlike you---has some hone$t under$tanding:....

https://www.youtube.com/watch?v=prZB6TgSO-M

peepee » 09 Jul 2019 12:06 pm » wrote:

indago » 09 Jul 2019 8:07 am » wrote:You should probably bring all this up with somebody who gives a ****...

OUTED

...stfu, you screeching old c#nt...stop projecting your monetary ignorance and lack of intellectual curiosity on others, you gd republicrat fool...

...here is someone who---unlike you---has some hone$t under$tanding:....

https://www.youtube.com/watch?v=prZB6TgSO-M

POSTED

....here is another LF/NHB thread with some particularly good evidence that republicrats circa 2019 are still WORSE than merely ignorant as to 'the money'... https://liberalforum.net/viewtopic.php?f=3&t=42350/a-thread-for-criticizing-particularly-stoooooooooooooopid-republicrats

....and thi$: https://liberalforum.net/viewtopic.php?f=3&t=42467&start=20

peepee » 24 Jul 2019 6:58 am » wrote:....here is another LF/NHB thread with some particularly good evidence that republicrats circa 2019 are still WORSE than merely ignorant as to 'the money'... https://liberalforum.net/viewtopic.php?f=3&t=42350/a-thread-for-criticizing-particularly-stoooooooooooooopid-republicrats

....and thi$: https://liberalforum.net/viewtopic.php?f=3&t=42467&start=20

https://www.youtube.com/watch?v=DdTTqDGPEeg

...here's one for you, hillbilly girl!! ...take heart!...you don't have to die an ignoramu$!...

https://www.youtube.com/watch?v=CvH66fz9nyU

peepee » 08 Sep 2019 6:57 am » wrote:...here's one for you, hillbilly girl!! ...take heart!...you don't have to die an ignoramu$!...

https://www.youtube.com/watch?v=CvH66fz9nyU

He must have been reading Modern Money Mechanics.

indago » 09 Sep 2019 12:07 am » wrote:
He must have been reading Modern Money Mechanics.

...not only that, he understands the fundamental injustice, insanity, etc. of 'our' stinking monetary order... unlike you, p dildo, snarky marky, squirmy, ricky tavi, and other 'monetards' here at LF... [btw, LF has more honest monetary realists than any forum site in which i have participated...although that's not saying much...]

...btw, you should be happy i'm here....i posted 'modern monetary mechanics' before you...let's face it, if i wasn't here you four goddamned republican-radio-level fools would have never uttered a **** peep about 'the fraud of the age$'... [if any of you republican/crat sucking dumba$$e$ disagree, merely post your be$t and earlie$t writings/posts about 'the fraud of the age$'............................ [i didn't think so, republican-radio scholars!..]

https://www.monetaryalliance.org/what-is-our-current-money-system/

Private bankers create our money as debt-credit
Today, the private banking system creates about 98 percent of our national money, which we use as bank account entries or cash bills. Private banks create most new money when someone takes out a loan by entering that loan amount in the borrower’s account. It’s really that simple.

Yes, the banks like JP Morgan Chase & Co., Citibank, Wells Fargo, Bank of America, all the smaller banks, and the central bank that serves them create about 98 percent of the new money when they make loans – or in the case of the central Fed, when they buy government debt in the marketplace. This is called the Federal Reserve System.

Commercial bank money creation
Most bank loans create new money that is added to the supply. For example, if you borrow $1,000 from your bank, the bank takes your IOU and counts it as an asset. Then the bank, with a simple accounting entry, puts $1,000 into your account, and counts that $1,000 as a liability. They promise to produce $1,000 for you on your demand. The money supply now has an additional $1,000. You can convert the account entry to cash, or spend it via checks, debit card, or electronic payment. Our commercial banks are part of a network of banks in the Federal Reserve System, and our money – whether it is a cash bill or an accounting entry – is an IOU from the whole banking system. All banks will honor other banks’ promises to produce this value on demand because we have made the banking system’s IOUs our legal tender.
A bank may also make loans using existing money that it gets from customers specifically to be reinvested (such as in a fixed term savings account or with the money they exchange for a certificate of deposit). When this last happens, the bank is serving as a go-between for savers-investors, using money that already exists, and carrying a contract specifying the bank’s use of these funds, the risk, and the return to the saver-investor. This is how most people think bank lending works, but in fact, in our current system, banks create most money that they lend via keystroke.
This private bank-money, created by banks when they make a loan, serves to make any kind of payment in our economy. It is bank-money and debt-credit money. When you pay off your loan, the money supply shrinks by that amount. In good times, the private banks turn right around and create more money by lending to someone else. According to the Fed’s financial reports, over the past 100 years the private banks have increased the money supply by an average of about 8 percent net each year.
Money circulates in our economy and can be used many times by many people. This is called the velocity of money, and it is the beauty of money. Money acts as a transaction lubricant for our commerce, like blood in the body.
Central bank money creation
In addition to the creation of money by the commercial banks, our privately owned and authorized-by-government central bank (the Fed) can create new money to buy US government debt in the open market. (The law prohibits the Fed from creating money by loaning it directly to the government). This money creation process is called monetizing the government debt and is sometimes referred to as quantitative easing (or QE). This central Fed money creation privilege is intended to give the central bank a way to influence the total money supply, and it plays a role in what is called fractional reserve money creation – for which our system is named. The Fed has established an arcane system of definitions and accounting around reserves, assets, and liabilities that obscures the fundamental process of money creation.
When the Fed buys government debt it adds new money to the supply. When it sells government debt, it takes money out of the supply. In 2018 the central bank had nearly $4 trillion of government debt on its books, so it likely created less than 25 percent of the total current money supply of $15 trillion. However, historically, this is an extraordinarily high ratio. When the Federal Reserve, NY branch, creates new money by buying – or extinguishes existing money by reselling – government debt, it trades only through a few privileged government bond brokers who represent banking interests. It does not deal directly with the public or with the government. When the Fed buys Treasuries, the newly-created Fed money goes first to the institutions, commercial banks, and individuals who could afford to buy them in the first place with existing money.
Commercial bank money enters circulation
Once created, roughly 9 percent of commercial bank digital entries are exchanged for cash, leaving only 90 percent of our money as a digital accounting entry, and the remainder in cash and coin. When we spend it, we instruct the bank to move money from our account to someone else’s, and this takes place with accounting entries. Nothing tangible changes hands.
Cash bills, about 9 percent of the money supply, are printed by our government, but they are turned into money at face value by the private banking system when existing account entry bank money is exchanged for them. All account entry bank money is created by the private bankers. Today, coins are the only money created by our government and they are less than two percent of our money supply.

Some people and business entities make loans of existing money to each other, and that increases debt without increasing the money supply. This also happens when banks sell off loans to the secondary market where they are often bundled and resold as investment instruments. These are two reasons why today there is over three times as much debt as there is money in the supply – creating unnecessary scarcity to pay back all the debt. Also, when new money is created by issuing debt-credit, interest is charged, accrues, and is continuously paid on the money supply – in perpetuity. This constrains the economy because interest payments must come out of the existing money supply which is created with someone else’s borrowing.
The more money paid for interest, the less that is available for non-financial (real) goods and services. This creates unnecessary scarcity; there is never enough money to pay off the debt and its accumulating, compounding interest. This is the fundamental, systemic burden that we and the rest of nature pay for by our continuing consent to it. When enough of us withdraw our consent and demand that we upgrade our system, we will get out from underneath this extractive burden.
While new money is created by debt in our current system, not all debt creates new money.
When there is not enough money to pay loans back except to borrow more, our debts get so high we cannot pay them and defaults start resulting in a severe financial crisis. This is one of the factors that triggered the Great Recession of 2008. During crises wealth transfers from the many to the already wealthy few.
A bank money system serves bankers’ interests
Private banks are mostly for-profit institutions. By law, a for-profit corporation is required to make profit-making for shareholders its highest value.1
This means that the creation of our money supply is not made with the best interests of our society as the top priority. Bank profit expectations and loan qualifications determine the supply.
Our Federal Reserve System was established by law in 1913. The Bank of England, established in 1694, was first of its kind. Our Fed is a consortium of private banks, given by law the power and privilege of creating our money supply. It is neither a federal agency nor a reserve of money. It is not designed to be easily understood, perhaps intentionally. This is a very simplified explanation of how our current system works. To understand this opaque system better we have included a list of references here.
====
Excerpt from: Hammon, Virginia & Pash, Mark. 2019.
How We Pay for a Better World
. Portland: Great Democracy Media.

The authors make the case that our current money system has to change from “a private debt-credit money, created and entered into the money supply by private bankers” to a “public tool that is part of our shared national wealth, created by our government”.
Virginia Hammon, MS, investigated US Government’s financial reports and then became a monetary reform writer and activist. In 2018 she authored US Money: What is it? Why we must change. How We Can.
Mark Pash is a Certified Financial Planner and a macroeconomic thinker. He created a non-profit, the Center for Progressive Economics, and wrote Creating a 21st Century Win-Win Economy: The Problems and the Solutions.

Than you for educating me peepee.

Now ucan stfu.

Hat_Creek » 20 Oct 2019 6:50 am » wrote:Than you for educating me peepee.

Now ucan stfu.

.... ...

...you are faaaaaaaaaaaaaaaar from 'educated', you republican radio-sucking monetary ignoramus!..... [texasshole^^^]

peepee » 20 Oct 2019 6:37 am » wrote:

indago » 09 Sep 2019 12:07 am » wrote:
He must have been reading Modern Money Mechanics.

...not only that, he understands the fundamental injustice, insanity, etc. of 'our' stinking monetary order... unlike you, p dildo, snarky marky, squirmy, ricky tavi, and other 'monetards' here at LF... [btw, LF has more honest monetary realists than any forum site in which i have participated...although that's not saying much...]

...btw, you should be happy i'm here....i posted 'modern monetary mechanics' before you...let's face it, if i wasn't here you four goddamned republican-radio-level fools would have never uttered a **** peep about 'the fraud of the age$'... [if any of you republican/crat sucking dumba$$e$ disagree, merely post your be$t and earlie$t writings/posts about 'the fraud of the age$'............................ [i didn't think so, republican-radio scholars!..]

https://www.monetaryalliance.org/what-is-our-current-money-system/

Private bankers create our money as debt-credit
Today, the private banking system creates about 98 percent of our national money, which we use as bank account entries or cash bills. Private banks create most new money when someone takes out a loan by entering that loan amount in the borrower’s account. It’s really that simple.

Yes, the banks like JP Morgan Chase & Co., Citibank, Wells Fargo, Bank of America, all the smaller banks, and the central bank that serves them create about 98 percent of the new money when they make loans – or in the case of the central Fed, when they buy government debt in the marketplace. This is called the Federal Reserve System.

Commercial bank money creation
Most bank loans create new money that is added to the supply. For example, if you borrow $1,000 from your bank, the bank takes your IOU and counts it as an asset. Then the bank, with a simple accounting entry, puts $1,000 into your account, and counts that $1,000 as a liability. They promise to produce $1,000 for you on your demand. The money supply now has an additional $1,000. You can convert the account entry to cash, or spend it via checks, debit card, or electronic payment. Our commercial banks are part of a network of banks in the Federal Reserve System, and our money – whether it is a cash bill or an accounting entry – is an IOU from the whole banking system. All banks will honor other banks’ promises to produce this value on demand because we have made the banking system’s IOUs our legal tender.
A bank may also make loans using existing money that it gets from customers specifically to be reinvested (such as in a fixed term savings account or with the money they exchange for a certificate of deposit). When this last happens, the bank is serving as a go-between for savers-investors, using money that already exists, and carrying a contract specifying the bank’s use of these funds, the risk, and the return to the saver-investor. This is how most people think bank lending works, but in fact, in our current system, banks create most money that they lend via keystroke.
This private bank-money, created by banks when they make a loan, serves to make any kind of payment in our economy. It is bank-money and debt-credit money. When you pay off your loan, the money supply shrinks by that amount. In good times, the private banks turn right around and create more money by lending to someone else. According to the Fed’s financial reports, over the past 100 years the private banks have increased the money supply by an average of about 8 percent net each year.
Money circulates in our economy and can be used many times by many people. This is called the velocity of money, and it is the beauty of money. Money acts as a transaction lubricant for our commerce, like blood in the body.
Central bank money creation
In addition to the creation of money by the commercial banks, our privately owned and authorized-by-government central bank (the Fed) can create new money to buy US government debt in the open market. (The law prohibits the Fed from creating money by loaning it directly to the government). This money creation process is called monetizing the government debt and is sometimes referred to as quantitative easing (or QE). This central Fed money creation privilege is intended to give the central bank a way to influence the total money supply, and it plays a role in what is called fractional reserve money creation – for which our system is named. The Fed has established an arcane system of definitions and accounting around reserves, assets, and liabilities that obscures the fundamental process of money creation.
When the Fed buys government debt it adds new money to the supply. When it sells government debt, it takes money out of the supply. In 2018 the central bank had nearly $4 trillion of government debt on its books, so it likely created less than 25 percent of the total current money supply of $15 trillion. However, historically, this is an extraordinarily high ratio. When the Federal Reserve, NY branch, creates new money by buying – or extinguishes existing money by reselling – government debt, it trades only through a few privileged government bond brokers who represent banking interests. It does not deal directly with the public or with the government. When the Fed buys Treasuries, the newly-created Fed money goes first to the institutions, commercial banks, and individuals who could afford to buy them in the first place with existing money.
Commercial bank money enters circulation
Once created, roughly 9 percent of commercial bank digital entries are exchanged for cash, leaving only 90 percent of our money as a digital accounting entry, and the remainder in cash and coin. When we spend it, we instruct the bank to move money from our account to someone else’s, and this takes place with accounting entries. Nothing tangible changes hands.
Cash bills, about 9 percent of the money supply, are printed by our government, but they are turned into money at face value by the private banking system when existing account entry bank money is exchanged for them. All account entry bank money is created by the private bankers. Today, coins are the only money created by our government and they are less than two percent of our money supply.

Some people and business entities make loans of existing money to each other, and that increases debt without increasing the money supply. This also happens when banks sell off loans to the secondary market where they are often bundled and resold as investment instruments. These are two reasons why today there is over three times as much debt as there is money in the supply – creating unnecessary scarcity to pay back all the debt. Also, when new money is created by issuing debt-credit, interest is charged, accrues, and is continuously paid on the money supply – in perpetuity. This constrains the economy because interest payments must come out of the existing money supply which is created with someone else’s borrowing.
The more money paid for interest, the less that is available for non-financial (real) goods and services. This creates unnecessary scarcity; there is never enough money to pay off the debt and its accumulating, compounding interest. This is the fundamental, systemic burden that we and the rest of nature pay for by our continuing consent to it. When enough of us withdraw our consent and demand that we upgrade our system, we will get out from underneath this extractive burden.
While new money is created by debt in our current system, not all debt creates new money.
When there is not enough money to pay loans back except to borrow more, our debts get so high we cannot pay them and defaults start resulting in a severe financial crisis. This is one of the factors that triggered the Great Recession of 2008. During crises wealth transfers from the many to the already wealthy few.
A bank money system serves bankers’ interests
Private banks are mostly for-profit institutions. By law, a for-profit corporation is required to make profit-making for shareholders its highest value.1
This means that the creation of our money supply is not made with the best interests of our society as the top priority. Bank profit expectations and loan qualifications determine the supply.
Our Federal Reserve System was established by law in 1913. The Bank of England, established in 1694, was first of its kind. Our Fed is a consortium of private banks, given by law the power and privilege of creating our money supply. It is neither a federal agency nor a reserve of money. It is not designed to be easily understood, perhaps intentionally. This is a very simplified explanation of how our current system works. To understand this opaque system better we have included a list of references here.
====
Excerpt from: Hammon, Virginia & Pash, Mark. 2019.
How We Pay for a Better World
. Portland: Great Democracy Media.

The authors make the case that our current money system has to change from “a private debt-credit money, created and entered into the money supply by private bankers” to a “public tool that is part of our shared national wealth, created by our government”.
Virginia Hammon, MS, investigated US Government’s financial reports and then became a monetary reform writer and activist. In 2018 she authored US Money: What is it? Why we must change. How We Can.
Mark Pash is a Certified Financial Planner and a macroeconomic thinker. He created a non-profit, the Center for Progressive Economics, and wrote Creating a 21st Century Win-Win Economy: The Problems and the Solutions.

You should probably bring all this up with somebody who gives a ****!