"Federal" reserve won't say who's getting 2 TRILLION

[hispls]

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

 

http://www.bloomberg.com/apps/news?p....tY&refer=home

 

 

This is just the tip of the iceberg too.

 

Anybody here know who owns the "federal" reserve bank? Have they ever been audited? What exactly is the "reserve" there? When they print the money out of thin air then lend it to us, who gets the interest on that debt?

 

When people figure out how bad they're being looted here, you all will see what the police state is for.

[fishweewee]

 

When they print the money out of thin air then lend it to us, who gets the interest on that debt?

 

 

 

they don't lend it to us. they just print it out of thin air.

[hispls]

they don't lend it to us. they just print it out of thin air.

 

 

 

Print it out of thin air to buy our "bonds" There is interest paid back on the bonds right?

 

But don't worry about that 2 trillion that we don't know where it's going. Lets mince words about how wonderful the privately owned central bank is.

[Nessmuk]

FWW, I asked this question before but no one seemed to know the answer. What is your opinion on why this information is being kept secret?

 

I have to believe someone thinks it's necessary to create some kind stability for the institutions involved, but I don't know. I'm curious about the rationale before I get too paranoid and jump to the conclusion that something nefarious is going on. Still, secrecy about this kind of money seems pretty fishy on it's face.

[hispls]

FWW, I asked this question before but no one seemed to know the answer.

 

People are more likely too cowardly to even look at the issue. Much easier to attack the messanger and pretend nothing is wrong.

 

What is your opinion on why this information is being kept secret?

 

I don't know, but if it were something benevolent, don't you think they'd be breaking their arms patting themselves on the back? We're talking about the mindset of people who ride private jets everywhere for lunch, then congradulate eachother for buying a hibrid car.

 

There may be some nicey pooh explanation that they feed to the brain dead masses, but my theory is the private banks are giving eachother enormous sums of money to consolidade wealth and power. In the meantime, the banks are hoarding cash since the deflationary nature makes whatever they buy up much cheaper later than now, and the longer they keep the spigot tight on the money supply, the cheaper everything is when they go to buy it up.

 

 

I have to believe someone thinks it's necessary to create some kind stability for the institutions involved, but I don't know.

 

So where's the stability? Why no big press release/photo op of someone saying, we're spending .5 trillion here, .7 trillion there, etc. and this is going to "save" us? All the media I see is doom and gloom (like they almost want the stocks to go even lower before they buy up everything?). Don't you think a fraction of 2 trillion could pay for a big marketing campaign that would actually restore some confidence?

 

I'm curious about the rationale before I get too paranoid and jump to the conclusion that something nefarious is going on. Still, secrecy about this kind of money seems pretty fishy on it's face.

 

 

Most people here think the "federal" reserve bank is a government agency. Why not call your representative there and see what they have to say. Fill out a FOIA form and see what happens. Ask your elected representative why if the people were against this "bailout" from the start by about 98% it ever even passed?

 

Seriously, a few trillion here and a few trillion there and it starts to add up to real money! At what point do the people footing the bill get any transparency or accoutability?

 

 

AND can anyone explain how throwing debt based money at the banks is possibly going to help the American economy?

[MikeM58]

Most people here think the "federal" reserve bank is a government agency. Why not call your representative there and see what they have to say. Fill out a FOIA form and see what happens. Ask your elected representative why if the people were against this "bailout" from the start by about 98% it ever even passed?

 

Seriously, a few trillion here and a few trillion there and it starts to add up to real money! At what point do the people footing the bill get any transparency or accoutability?

 

 

AND can anyone explain how throwing debt based money at the banks is possibly going to help the American economy?

 

I thought DanW just asked fishweewee a question. Why the attack rant?

[fishweewee]

Print it out of thin air to buy our "bonds" There is interest paid back on the bonds right?

 

 

have you seen the yield lately on u.s. treasury bills? it's near zero. investors are so scared they're willing to earn nothing for safety.

 

whenever we import more than we export, we create "bonds" out of thin air.

 

whenever the fed.gov spends more than it collects in taxes and revenue, it creates "bonds" out of thin air.

 

IOUSA

[hispls]

I thought DanW just asked fishweewee a question. Why the attack rant?

 

I guess being fleeced for another 2 trillion that's going to enrich private global banking cartels has my a little upset today. No intention to bash the poster.

[hispls]

have you seen the yield lately on u.s. treasury bills? it's near zero. investors are so scared they're willing to earn nothing for safety.

 

whenever we import more than we export, we create "bonds" out of thin air.

 

whenever the fed.gov spends more than it collects in taxes and revenue, it creates "bonds" out of thin air.

 

IOUSA

 

 

Interesting. So how does 10,000$ bond become 10,000$ in bills or bank deposits?

 

and WHERE IS THE 2 TRILLION DOLLARS GOING!!!??? Am I the only one left who cares?

[Nessmuk]

For the record, I am totally against the bailout.

 

That said, I still suspect there's a logical reason behind the secrecy, though I doubt I'll agree with it. Just kind of hard to rant w/o knowing both perspectives. But hey, wanting to know the whole story before forming an opinion...stictly optional.

[Nebe]

nebestradomous predicts it is headed to states that are about to go belly up. Rhode Island for example is near bankruptcy.

[The Dude]

For the record, I am totally against the bailout.

 

That said, I still suspect there's a logical reason behind the secrecy, though I doubt I'll agree with it. Just kind of hard to rant w/o knowing both perspectives. But hey, wanting to know the whole story before forming an opinion...stictly optional.

 

 

My guess for the secrecy is to hide what banks are getting how much in funding to avoid a stock market run on the most troubled banks leading to a collapse of the bank and a disappearance of the Fed's capital.

[Nessmuk]

My guess for the secrecy is to hide what banks are getting how much in funding to avoid a stock market run on the most troubled banks leading to a collapse of the bank and a disappearance of the Fed's capital.

 

 

My assumption also, and that makes perfect sense. Do we know if there's any congressional oversight here that ride can shotgun on our money without totally defeating the purpose of the bailout in the first place? Surely records are being kept and reports are being made so that the performance of this fiasco can be reviewed later.

 

Again, my opinion is the best solution was let Darwin fix this, but now that I can't stop my money being used for it, I'll settle for it at least being used to maximum effect.

[fishweewee]

Interesting. So how does 10,000$ bond become 10,000$ in bills or bank deposits?

 

 

it takes $1 of federal reserve money to make $9 in new money, due to the fractional reserve lending system that we have.

[Punk Freud]

nebestradomous predicts it is headed to states that are about to go belly up. Rhode Island for example is near bankruptcy.

 

I doubt it's going to a US entity.

That might be good news.

 

I'd wager it's going to someone outside the US.

Prolly going to the middle east, China, or some other embarrassing entity.