How many of these kids will Fredrica be boarding. You just love Obammys policies!
Step up Foolish Freddy what are you doing to help out! I suspect nothing but from you but to say raise taxes on the rich. NEWS FLASH they think you are rich!
How many people know the FED is privately owned? This has some bias but for the most part is true. Feel free to make it a separate thread.
These are just facts, not conspiracy. 1.The Federal Reserve is a private institution. It is owned by the 12 regional Federal Reserve banks, which are each in turn owned by a combination of regional banks, commercial banks, foreign banks, and miscellaneous individuals who have inherited pieces passed down through generations. (Rockefellers, Rothschilds, etc.) 2.The Federal Reserve holds a monopoly on the issuance of currency in the USA. In essence, this is the power to borrow an infinite amount of money at 0%. The dollar bill in your pocket is a 0% loan to the Federal Reserve. The Federal Reserve then uses these 0% loans to purchase income-producing assets. Before 2008, the assets purchased were primarily Treasury debt, which is backed by the taxation power of the US Government. In other words, we are exchanging the property rights to our valuable assets (land, labor, entrepreneurship) for little slips of green paper to buy trinkets with. The government can then tax these valuable assets to pay for our excess. The more we spend, the more the Fed owns. 3.If all money created is debt and counts as principal, where does the money come from to pay interest on this debt? It comes from the money that gets printed in the future. This is why inflation is a natural result of our current monetary system. 4.Prior the the Emergency Economic Stabilization Act/TARP Act of September 2008, commercial banks were required to hold 10% of deposits as reserves. This placed a limit on the potential amount of money creation at around 9x the original deposit. An obscure clause in the TARP Act changed the reserve requirement to 0%, immediately making the potential money supply infinite. 5.The reason for the credit spread blowups of October/November 2008 was because in the same TARP Act the Fed was allowed to pay interest on deposits without publicly stating the interest rate. Before the TARP Act, there was around $20 billion deposited by commercial banks at the Fed. After the TARP Act, deposits immediately jumped 50x to $1 TRILLION. This resulted in a disappearance of demand for risky assets, which led to blowouts in credit spreads. 6.As a result of various acts of Congress in 2008, the Federal Reserve now has the authority to buy all sorts of assets (commercial paper, corporate bonds, mortgage loans, etc.). A cynical person would say this essentially allows the Fed to seize all valuable assets in this country directly by exchanging fancy bits of green paper for them without having to go through the intermediate step of coercing the US Government into spending more money and taking on more debt. 7.Much of the Fed's activity is not made public because of the use of off-balance sheet vehicles. 8.There is debate over the constitutionality of the Fed's various awesome powers.
He really is a f77king idiot . . and he's surrounded himself with a compliment of like minded, ill qualified folks.
The results are now manifesting themselves . . . the economy, save for the results of dumping in trillions of "stimulus" dollars . . . is in it's longest downturn in history.
The sentiment of Americans, shown by the polls declaring o the worst President ever and the dismal numbers for Congress.
Respect for the VA and the IRS is lower than that for pushers in Harlem . . . I suspect that voluntary compliance will soon show the results as the people see the IRS not as a arm or legitimate function of government . . .but as an armed adversary,
Sooner or later the guys' transcripts, showing he failed and was "graduated out" of at least one Ivy League institution while in his doped up stupor will surface.
Anyone explained yet why the Bureau of LAND management needs 50 S.W.A.T. teams or 1,600,000,000 rounds of ammo and the automatic weapons?
I should have put quotes around the black text because it is not mine.
G
Should really cite the source too. Those words are someone's intellectual property and should be properly credited. While I'm no lawyer, I've been told that failing to cite sources can leave the operator of the web site open to legal action. I can't see that happening for a small transgression like the above in this modern era of cut and paste, but it's good practice. It's also good for the reader to go and read/learn more, as well as see the larger context of the comments.
Having said that, it's some good commentary about the Fed.
pResident Choom. Will ONE of the Lib gang please stand up and support Obama? YOU were warned in 2007 that Choom had no executive leadership experience nor skills yet YOU voted for this failure. TWICE. YOU are responsible. WE want to hear from you so that you can educate us.
We've got a refugee crisis, started, and planned for by Obama. Yes, Congress helped, but it's Barry O and the Democrat Party directly responsible for now thousands of rapes of little children, thousands of murders, and an actual epidemic of disease that will be affecting your town soon.
Hardest hit? why.... minorities and poor people, like always.
I hate to tell you this my fellow citizens who have darker skin and ancestors from Africa more recent than mine by thousands of years, Obama is NOT one of you. He's the product of foreign early education and insane, murderous political theory. He never was, and never will be an American Black like he pretends to be.
Lying to you doesn't bother him any more than lying to me. He might laugh at you a bit more, since people like me have been trying to warn you for 7 years..
I mocked this lady before. Now.... I think Obama might just have a multi billion dollar stash. I wonder where he's keeping it.
I suspect . . . if you could get those records . . . you'd find grades consistent with regular drug use and poor attendance and perhaps admission based on being a foreign student.
Where is the Missing 6 Billion from the state dept budget? Hillary the Money grubber was in charge So how much have the Demos stolen from the Country ?
Track the Money You'll find with 6 Billion you can bribe a lot of folks LIKE THE IRS WEASELS to help them hide the money !
HEY Fredrica Not trolling about your doper boy president any more. My dad and I watched the DNC 2012 convention. It was an evil bunch of weasels running around the hen house. Dad said don't worry there is plenty of room in Hell! The evil of your kind will not last much longer! Its bout time to get corn popping its going to be a fun to see evil run from my country again!
The yearly deficit peaked at $1.4 trillion in 2009 during the worst of the financial crisis. It gradually fell from there, plunging to $680.2 billion last year.
Over the next decade, CBO is projecting that the deficits will total $7.6 trillion.
Mattie Duppler, director of budget and regulatory Policy at Americans for Tax reform, agrees that incomes are lower now than they would have been had the economy grown at a faster pace but she says the Bush tax cuts are not to blame.
Bill Clinton, for example, cut the capital gains tax cut in 1997 which helped boost the economy, says Duppler. "The same policies that supposedly caused so much damage in the early 2000s were already in place in the 1990s under a Democratic president," says Duppler.
I was wondering the same thing. Those articles have headlines that are well contradicted by the stories. These are examples of why I gave up on Yahoo as a news source many years ago.
While my issues with Palin could make a long list, I have to agree with her on this point. I really don't understand what can be expected from a successful law suit such as what Boehner is advocating. I would think that if the court were to find in favor of the Congress that it would likely point out that the Constitution already provides for the solution to their grievances. Does anyone understand what Boehner hopes to achieve?