Why Donald Trump must shut down The Federal Reserve

Private businesses sell bonds all of the time as well. It isn't unique to the government. People buy government bonds because they are a fairly secure, low-risk investment, even compared to other bonds. People tend to invest in them late in life when they don't need the larger returns of riskier investments.

 

Sure, but again, there is a subtlety you aren't addressing or don't realize.

When the government sells bonds, banks buy them by offering reserves they hold at the central bank. The central bank debits the buying bank’s reserve deposits and credits the bank’s account with Treasury securities. Rather than seeing this as borrowing by the Treasury, it is more akin to shifting deposits out of a checking account and into a saving account in order to earn more interest. And, indeed, treasury securities really are nothing more than a saving account at the Fed that pay more interest than do reserve deposits (bank “checking accounts”) at the Fed.

The difference between a private sector bond and a government bond is that the private sector cannot create the money that is used to buy its bonds, the government can.

Now backing up a bit....Sovereign governments don’t need to borrow their own currency in order to spend. They offer interest-paying treasury securities as an instrument on which banks, firms, households, and foreigners can earn interest. This is a policy choice, not a necessity. The government never needs to sell bonds before spending, and indeed cannot sell bonds unless it has first provided the currency and reserves that banks need to buy the bonds.

Thanks for the input!

-Cheers

 

Have you viewed the Jim Rickards video yet?

I watched it for the second time this morning.......
I was impressed to say the least!

Senator and CIA Insider Accuse Federal Reserve of Covering Up Secret Bankruptcy
https://purchases.moneymappress.com...4934&h=true&link_source=redirect&vidTime=full
FORGET IRAN, IRAQ, UKRAINE
THIS IS WHERE WWIII STARTS...

 

Trump is a better money manager? This is a joke right? Trump has no clue how to manage money for anyone but himself.

 

I see very little in the way of reference to evidence. Jim Rickards is using his title as Pentagon blah, blah, blah to increase his authority in the minds of those that listen. This looks like fear mongering to me. It's not promoting understanding but instead trying to create a narrative. There are red flags all over this stuff.

Little research and I'm finding unconfirmed reports that he's not just warning people about a pending financial crisis, but offering to sell his services to help you solve it.

 

Thank you for looking into this.........
if his fear is largely based in fact...... our attempt to
address some of his concerns could lead to a massive shift in
the direction of the world economy.

If we are in real danger of a devaluation of the dollar....
making a trip to Mars would be one possible mega-project to unite
several nations around.....
but I prefer the idea of large scale desalination of ocean water to turn deserts green..... and produce more food.

Should Sorek 2 be in Australia or California?

http://www.politicalforum.com/index...change-is-real.503883/page-15#post-1067789386

 

Mars is a waste of time, Venus is a MUCH better planet to colonize.

 

You could be right about Venus being better than Mars......
it is bound to be warmer......
but I so hope that this vision for the year 2185 catches on?


https://www.near-death.com/experiences/notable/howard-storm.html#a04

A group of Scots did something like this near the Arctic Circle:

https://www.goodreads.com/book/show/228239.The_Magic_Of_Findhorn

 

Oh, really?! And so you think that we haven't had episodes of "massive inflation", "massive deflation", and "frequent depressions" since the UNCONSTITUTIONALLY-CREATED Federal Reserve Banking combine was brought into existence by "progressives", led by Liberal Democrat, Woody Wilson 104 years ago...?!

Nowhere in the Constitution do you see anything about the necessity for the creation of a "central bank". And, yes, we had economic turmoil before the creation of the Fed. AND, we have damned sure had lots of the same kind of turmoil afterward -- including the Great Depression, and, the more recent Great Recession.

The only thing that was different after the Fed was born was that it, and it alone, gained complete, dominant power over the economy of the United States, controlling all important aspects of it COMPLETELY after August 2007. I watched it all happen, and most of you did, too, if you were paying any attention!

Ask yourself: what is the one force in the U. S. that can cause the stock market to surge or crash nearly 1,000 points in a single day, based purely on "sentiment"? And WHO controls that "sentiment"? Free-market capitalism, which used to be the bedrock of our economy, no longer does... now there is only the Fed, controlling everything of any economic importance!

. "Hey, I take my hat off to those guys in the Fed! Masters of the craft!"

 

That's an understatement!

The truth is, we'd have to build floating cities in the very dense clouds about 40-50 miles off the surface where the temps are pretty comfortable (the surface is about 800F). There is TON's of carbon dioxide which means a plentiful source of oxygen and because the atmosphere is so dense and there's almost no oxygen there which means that hydrogen can safely be used to create buoyancy to float cities on. On earth to float a person in a balloon you need one 50-70" across. On Venus, one filled with hydrogen would only have to be a few feet across to float the same amount of weight.

The other interesting fact is that the Venusian day is like 250 days long which means that you'd only have to propel your city at about 5mph to keep it facing the sun indefinitely (which means you wouldn't have to worry about solar power outages. The last thing is that Venus as similar gravity to earth, while Mars is about 1/3 of the earth. Low G like that on Mars might be fun for a while, but it would take its toll on our bodies.

 

Just imagine how much worse things would be without the Fed!

 

Which is to say... what? So enlightening.... Another vacuous one-liner from one of the croaking "toads in the swamp"...?

But, it's true that central banks can make an overall economy more efficient... if only because it's useful to have a bunch of 'clerks' to push columns of figures around on spreadsheets, enter journal vouchers between sub-accounts, etc., etc. You know... low-grade 'bean-counter' trivia and paperwork crap, so that they'll have something to talk about at their frequent 'meetings'. Cadres of "nine-to-five, with an hour for lunch" types of functionaries can be handy, but never to be allowed to become monopolistic tyrants who dictate monetary policies to an entire nation!

A central bank should NEVER be allowed to gain CONTROL over a country's economy -- especially when that central bank is not even a part of that government, and really, nothing but a klatsch of semi-private bankers who have NO direct accountability to the voting citizens of that country.

Examples of central banks that assist instead of dominating economic power are found in the Russian Federation and China. In those countries, the government tells the central bank "how it's going to be"... not the other way around....

. "God forbid we'd ever have a central bank like Russia or China!"

 

Wow!!!!

As you know I studied the paranormal pretty extensively beginning around 1990
and I found some aspects of the Helen Wambach Ph. D. and Dr. Chet Snow research
more than a little intriguing. They hypnotized hundreds of people and regressed them into the past.....
to see what they reported about impressions of "past lives" and then they decided to do a study on
what people would view if progressed into the "future?"

http://www.dwij.org/forum/future_link/future7.htm

One of my goals is to attempt to give people some hope that humanity does not self destruct over the coming years and decades.......
in spite of all the mega-tons of nuclear weapons that we have stockpiled.

Hope for the future......
is good for the economy in the here and now.

Actually..... I have been kind of amazed how similar some of our ideas on economics, politics and government
are to our philosophy and theology. Roman Catholic theologian Dr. Moses Coady for example..........
believed in a Purgatory which gives hope for the unsaved dead in the afterlife.......
and he also had hope for the metaphorically economically lost people of our region.

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

 

I thought the thread topic here is "Why Donald Trump must shut down The Federal Reserve". BTW, the Fed has been 'audited', but a number of people believe that the books were "cooked" for the audit. I don't even care what the 'books' show -- the Federal Reserve shouldn't even exist as far as I'm concerned!

But, since we've veered way over into the 'paranormal', can any of you tell the rest of us whether or not "W" Bush became mentally-enslaved by The Dark Power, and, whether or not Obama really is the Anti-Christ?

. "Nope... neither is smart enough to be part of 'The Dark Power'...."

 

You don't owe anything as a result of deficit spending. As a matter of fact, you have money because of deficit spending.

Remember that the government (of which the Fed is a part of) creates our money. If they didn't create it and spend it (creating a deficit), there would be no money in the economy. In other words, the government's deficit is your surplus. If all the money the government created (called "base money") were repaid, the only money left would be bank credit. All bank credit exists only as part of a loan, somewhere. Thus bank money does not exist permanently, but only as long as the loan that created it is still being paid. When the loans that make them are repaid, bank credit will vanish and without the government's money (reserves) banks won't be able to create new loans.

Thus the system is really layered, There is government money and bank money.

The money the government creates and spends all ends up as "reserves" in the banking system (government money held within the federal reserve system). When banks create money, they don't lend money the government created, they create credit that is denominated in the government's money.

Confused yet?

 

I don't remember the context of that comment, but to answer your question, the amount of money that could be created would be limited only by the nation's (Canada in this case) ability to leverage the MASSIVE resources that exist relative to the size of the population and turn them into things that other people desire (assuming they can find a market for their goods). Automation over the next 30-50 years could put Canadian citizens in a pretty good place as they are able to increase their per-capita productivity.

 

You just voiced the problem when it comes to gold or any other metal.

The major thing that is wrong with our financial system, and our system of banking is that it puts a nation's currency in the hands of the private sector, with bankers out to enrich themselves. We need a banking system that is not of the private sector, that offers low interest loans to business and americans, instead of the bankers making money off of loaning a currency which should be owned by the People, with the banking system serving america and americans instead of the private banking sector.

No one should be surprised that giving bankers so much power and giving that control to bankers had to be done in secret as happened in 1913. You should read up on that to see just how sneaky and nefarious this change was.

Canada was in better shape before they copied the US in regards to national banking. Paul Hellyer wrote a book on this scheme, and given he held positions in the canadian gov't, he has some creds.

Who was that big banker that said, it is not necessary to control a nation's gov't in your own self interest when you have control of their money?

 

Few thoughts.

Being given independence from Congress by Congress is not the same as being independent of Congress (government).

As far as the rest of your comments, I respectfully doubt you understand the difference between the money the government creates and the credit banks create and why it matters.

Now, if you're really interested in having an adult conversation, I'm always interested.

 

And, when you're tired of vapid, dismissive, trite little ploys, I'll be happy to continue to ask you exactly where in the Constitution of the United States we ever envisioned setting up a "central bank" like the Federal Reserve System....

"Given", by a bunch of liberal, "progressive" Democrats over a hundred years ago? I wonder how much that cost the newly-emerging "insiders"....

We have a U. S. Department of the Treasury, but no mention of a "central bank" that unilaterally takes over all important parts of the economy, handing out "rescues" to private corporations, deciding who is "too big to fail", and dictating interest rates. Got any "adult" guidance concerning little matters like those...?

 

So by this, I can assume that if the constitution does not explicitly allow for something, it's unconstitutional?

Guidance?

Just that, with respect to you sir, I have my doubts that you really understand how the system of money actually works based on your statements. However, the fact is that this seems to have developed into quite the contentious debate and as a result understanding and truth take a back seat to pride and that my understandings will fall on def ears.

With that, I can agree to disagree and bid you good day.

 

Ah, yes, I'm too 'unwashed', dull, and ignorant to be able to follow your superior logic and knowledge... except that you didn't bother to provide any. And so he recedes into the darkness, with all the other Fed-defenders, without having really said anything. How typical.

. -- "Thanks for the Fed, Woody, ya moron!"

 

The more that I think about it...............
the more that I like the idea of using Hours.... as a secondary unit of measurement that could back up the secondary level to the USA and world economy.........

Please notice post #32.......
http://www.politicalforum.com/index...rty-volunteerism-hour-or-dollar.475481/page-2
the link given there has me wondering if this is in a sense a database problem????

 

There's no reason to be so self-deprecating. I never said nor implied any of that.

 

You challenged everything from my own understanding of the Constitution, my understanding of how "the system of money actually works", and stated that my 'contentious' 'pride' would cause your superior wisdom to "fall on def (sic) ears).

The "progressive", liberal Democrats under Woody Wilson shoved the Federal Reserve System down the nation's throat just over 104 years ago, ostensibly to bring 'stability' to the country's economy. Within twenty years of its creation, the United States entered into The Great Depression! Oh, but the Fed had been by Wilson's liberal Democrat Congress, so, it was held to be "constitutional', even though it stole the role in government created in the Constitution for the U. S. Department of the Treasury! And, as anyone can plainly see, there is not one (ONE) mention in the Constitution of a "central bank" -- but that's what Wilson and the "progressives" shackled us with....

Later, liberal Democrat demi-god, Frankie Roosevelt, got out of that Great Depression only by goading Japan into attacking us in retaliation for cutting off nearly its entire oil supply in the East Indies. BTW, we were completely at PEACE with Japan when he did this! Still, the ploy worked, and war produced the magnitude of government spending needed to transform Roosevelt into a "President for life" (he died in office after having already been president for more than twelve years).

Since then, have we had 'economic stability'? No. What we've had is merely a continuation of what we had before the Fed -- boom followed by bust, followed by boom, followed by bust, etc., etc., etc. Most recently we had The Great Recession, and that's when the Federal Reserve took over COMPLETE control of the economy, and it was carefully orchestrated to occur at the same time that the European Central Bank took over nearly all the economies of the European Union -- of the important countries, only Great Britain kept its own currency separate (but the Bank of England is a different animal altogether).

Now, the Fed dictates everything. They own and control everyone in government. They planted the nation's Treasury Secretaries from within the Fed's inner-circle ranks and men like Paulson and Geithner told both "W" Bush and Obama everything to say and do regarding the economy.

Now, if you have anything to offer as a rejoinder, I'd love to see a credible refutation of anything I've written here. My 'ears' are quite open!

. From 'zero' to 'hero', and it only cost 416,800 dead American soldiers to end his Depression.

 

How is new US dollar money created?