Joe Bruno wrote:

"Hatto von Aquitanien" <abbot@AugiaDives.hre> wrote in message
news:aYidnWOCWYlVQJDYnZ2dnUVZ_qqdnZ2d@speakeasy.net...

Joe Bruno wrote:

Hatto von Aquitanien wrote:

Joe Bruno wrote:

Parmenides wrote:

Joe Bruno wrote:

Ben C'ramer wrote:

"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158386860.981041.170650@i3g2000cwc.googlegroups.com...

Ben C'ramer wrote:

"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158365377.861059.264080@p79g2000cwp.googlegroups.com...

Parmenides wrote:

http://video.google.com/videoplay?docid=-5934921769808130035

I had a double major when I graduated Univ of Illinois:

1. Accounting

2. Economics/Finance


The Federal Reserve's primary function is to control the size
of
the
money supply in the USA. There are two reasons why this is
desirable, both of which challenge each other:

1)If the money supply is too large, we get inflation

With eventual recession and depression. Better get ready for it
joey. The dopey cunts recently printed another two trillion
dollars worth of banknotes.

The Fed doesn't print money-the mint does that.

And just where did I say the Fed printed the money, dopey. The
fact
remains, someone has just printed 3 trillion dollars worth of new
banknotes.

Can you say recession?

A recession is a business slowdown. It has nothing to do with
printing money, you ignoramus.


The American economy, like most freemarket economies, is somewhat
cyclical, with occasional recessions and booms.

There were several recessions in the 20th Century and numerous
ones in the 19th century.

Excessive money printing can cause inflation, but not recession.
In addition, the Federal Reserve's concept of "money" includes
more than just dollar bills-it also includes bank deposits on
which checks are written with no actual dollar bills changing
hands.

Most banks in the Federal Reserve System maintain only about 25%
of their accounts in actual cash.

Apparently, you are too dumb to know that.

Who owns the Federal Reserve?

The Taxpayers. It's a creation of Congress.

The astute reader is led ask who owns the taxpayers? But only for
rhetorical affect. The answer seems rather obvious.

According to the video linked in the original post above, the US
government,
and thereby the taxpayer, only holds 20% ownership in the Fed. What
say you?

--

The Banks in the Fed Reserve system are regulated by the Federal
Reserve, a quasi-government entity. Stock ownership is another topic
altogether.

YOu ain't the brightest bulb in the lamp, are ya?

Well, tell me, the Fed holds a certain amount of capital in reserve.

It does?????

What is loaned at the discount window?

Figuratively speaking that money is kept in a vault somewhere.

NO. YOu missed what I posted about the money supply. It consists of
balances in customer accounts in banks as well as circulating
paper money. Most banks in the Federal Reserve System hold only about 25%
of their customers balances as actual cash.
When you or anyone else writes a check, money changes hands without the
exchange of paper money.

So, what you are implying is that the banks are loaning out other people's
money and charging interest on it which they keep. Except they loan the
same money out more than once.

Who owns

that money? The Fed also loans money, and thus maintains notes of
indebtedness. Who owns that debt?

HUH????? Have you ever read a balance sheet? An economic entity has
physical custody of cash, but part of that may be owed
to someone else. The cash appears on the Asset side. Any part owed to
someone else appears as a Liability and the rest appears as
Owner's(Stockholder's) Equity

Where do accounts receivable go?
--
Nil conscire sibi

Joe Bruno wrote:

"Hatto von Aquitanien" <a...@AugiaDives.hre> wrote in message
news:aYidnWOCWYlVQJDYnZ2dnUVZ_qqdnZ2d@speakeasy.net...

Joe Bruno wrote:

Hatto von Aquitanien wrote:

Joe Bruno wrote:

Parmenides wrote:

Joe Bruno wrote:

Ben C'ramer wrote:

"Joe Bruno" <b...@indystart.com> wrote in message
news:1158386860.981041.170650@i3g2000cwc.googlegroups.com...

Ben C'ramer wrote:

"Joe Bruno" <b...@indystart.com> wrote in message
news:1158365377.861059.264080@p79g2000cwp.googlegroups.com...

Parmenides wrote:

http://video.google.com/videoplay?docid=-5934921769808130035

I had a double major when I graduated Univ of Illinois:
1. Accounting
2. Economics/Finance
The Federal Reserve's primary function is to control the size
of
the
money supply in the USA. There are two reasons why this is
desirable, both of which challenge each other:
1)If the money supply is too large, we get inflation

With eventual recession and depression. Better get ready for it
joey. The dopey cunts recently printed another two trillion
dollars worth of banknotes.

The Fed doesn't print money-the mint does that.

And just where did I say the Fed printed the money, dopey. The
fact
remains, someone has just printed 3 trillion dollars worth of new
banknotes.
Can you say recession?

A recession is a business slowdown. It has nothing to do with
printing money, you ignoramus.
The American economy, like most freemarket economies, is somewhat
cyclical, with occasional recessions and booms.
There were several recessions in the 20th Century and numerous
ones in the 19th century.
Excessive money printing can cause inflation, but not recession.
In addition, the Federal Reserve's concept of "money" includes
more than just dollar bills-it also includes bank deposits on
which checks are written with no actual dollar bills changing
hands.
Most banks in the Federal Reserve System maintain only about 25%
of their accounts in actual cash.
Apparently, you are too dumb to know that.

Who owns the Federal Reserve?

The Taxpayers. It's a creation of Congress.

The astute reader is led ask who owns the taxpayers? But only for
rhetorical affect. The answer seems rather obvious.
According to the video linked in the original post above, the US
government,
and thereby the taxpayer, only holds 20% ownership in the Fed. What
say you?
--

The Banks in the Fed Reserve system are regulated by the Federal
Reserve, a quasi-government entity. Stock ownership is another topic
altogether.
YOu ain't the brightest bulb in the lamp, are ya?

Well, tell me, the Fed holds a certain amount of capital in reserve.

It does?????

What is loaned at the discount window?

Figuratively speaking that money is kept in a vault somewhere.

NO. YOu missed what I posted about the money supply. It consists of
balances in customer accounts in banks as well as circulating
paper money. Most banks in the Federal Reserve System hold only about 25%
of their customers balances as actual cash.
When you or anyone else writes a check, money changes hands without the
exchange of paper money.

So, what you are implying is that the banks are loaning out other people's
money and charging interest on it which they keep.

same money out more than once.

Who owns

that money? The Fed also loans money, and thus maintains notes of
indebtedness. Who owns that debt?

HUH????? Have you ever read a balance sheet? An economic entity has
physical custody of cash, but part of that may be owed
to someone else. The cash appears on the Asset side. Any part owed to
someone else appears as a Liability and the rest appears as
Owner's(Stockholder's) Equity

Where do accounts receivable go?

Joe Bruno wrote:

"Hatto von Aquitanien" <abbot@AugiaDives.hre> wrote in message
news:aYidnWOCWYlVQJDYnZ2dnUVZ_qqdnZ2d@speakeasy.net...

Joe Bruno wrote:

Hatto von Aquitanien wrote:

Joe Bruno wrote:

Parmenides wrote:

Joe Bruno wrote:

Ben C'ramer wrote:

"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158386860.981041.170650@i3g2000cwc.googlegroups.com...

Ben C'ramer wrote:

"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158365377.861059.264080@p79g2000cwp.googlegroups.com...

Parmenides wrote:

http://video.google.com/videoplay?docid=-5934921769808130035

I had a double major when I graduated Univ of Illinois:

1. Accounting

2. Economics/Finance


The Federal Reserve's primary function is to control the size
of
the
money supply in the USA. There are two reasons why this is
desirable, both of which challenge each other:

1)If the money supply is too large, we get inflation

With eventual recession and depression. Better get ready for it
joey. The dopey cunts recently printed another two trillion
dollars worth of banknotes.

The Fed doesn't print money-the mint does that.

And just where did I say the Fed printed the money, dopey. The
fact
remains, someone has just printed 3 trillion dollars worth of new
banknotes.

Can you say recession?

A recession is a business slowdown. It has nothing to do with
printing money, you ignoramus.


The American economy, like most freemarket economies, is somewhat
cyclical, with occasional recessions and booms.

There were several recessions in the 20th Century and numerous
ones in the 19th century.

Excessive money printing can cause inflation, but not recession.
In addition, the Federal Reserve's concept of "money" includes
more than just dollar bills-it also includes bank deposits on
which checks are written with no actual dollar bills changing
hands.

Most banks in the Federal Reserve System maintain only about 25%
of their accounts in actual cash.

Apparently, you are too dumb to know that.

Who owns the Federal Reserve?

The Taxpayers. It's a creation of Congress.

The astute reader is led ask who owns the taxpayers? But only for
rhetorical affect. The answer seems rather obvious.

According to the video linked in the original post above, the US
government,
and thereby the taxpayer, only holds 20% ownership in the Fed. What
say you?

--

The Banks in the Fed Reserve system are regulated by the Federal
Reserve, a quasi-government entity. Stock ownership is another topic
altogether.

YOu ain't the brightest bulb in the lamp, are ya?

Well, tell me, the Fed holds a certain amount of capital in reserve.

It does?????

What is loaned at the discount window?

Figuratively speaking that money is kept in a vault somewhere.

NO. YOu missed what I posted about the money supply. It consists of
balances in customer accounts in banks as well as circulating
paper money. Most banks in the Federal Reserve System hold only about 25%
of their customers balances as actual cash.
When you or anyone else writes a check, money changes hands without the
exchange of paper money.

So, what you are implying is that the banks are loaning out other people's
money and charging interest on it which they keep. Except they loan the
same money out more than once.

Who owns

that money? The Fed also loans money, and thus maintains notes of
indebtedness. Who owns that debt?

HUH????? Have you ever read a balance sheet? An economic entity has
physical custody of cash, but part of that may be owed
to someone else. The cash appears on the Asset side. Any part owed to
someone else appears as a Liability and the rest appears as
Owner's(Stockholder's) Equity

Where do accounts receivable go?
--
Nil conscire sibi

Joe Bruno wrote:

"Hatto von Aquitanien" <a...@AugiaDives.hre> wrote in message
news:aYidnWOCWYlVQJDYnZ2dnUVZ_qqdnZ2d@speakeasy.net...

Joe Bruno wrote:

Hatto von Aquitanien wrote:

Joe Bruno wrote:

Parmenides wrote:

Joe Bruno wrote:

Ben C'ramer wrote:

"Joe Bruno" <b...@indystart.com> wrote in message
news:1158386860.981041.170650@i3g2000cwc.googlegroups.com...

Ben C'ramer wrote:

"Joe Bruno" <b...@indystart.com> wrote in message
news:1158365377.861059.264080@p79g2000cwp.googlegroups.com...

Parmenides wrote:

http://video.google.com/videoplay?docid=-5934921769808130035

I had a double major when I graduated Univ of Illinois:
1. Accounting
2. Economics/Finance
The Federal Reserve's primary function is to control the size
of
the
money supply in the USA. There are two reasons why this is
desirable, both of which challenge each other:
1)If the money supply is too large, we get inflation

With eventual recession and depression. Better get ready for it
joey. The dopey cunts recently printed another two trillion
dollars worth of banknotes.

The Fed doesn't print money-the mint does that.

And just where did I say the Fed printed the money, dopey. The
fact
remains, someone has just printed 3 trillion dollars worth of new
banknotes.
Can you say recession?

A recession is a business slowdown. It has nothing to do with
printing money, you ignoramus.
The American economy, like most freemarket economies, is somewhat
cyclical, with occasional recessions and booms.
There were several recessions in the 20th Century and numerous
ones in the 19th century.
Excessive money printing can cause inflation, but not recession.
In addition, the Federal Reserve's concept of "money" includes
more than just dollar bills-it also includes bank deposits on
which checks are written with no actual dollar bills changing
hands.
Most banks in the Federal Reserve System maintain only about 25%
of their accounts in actual cash.
Apparently, you are too dumb to know that.

Who owns the Federal Reserve?

The Taxpayers. It's a creation of Congress.

The astute reader is led ask who owns the taxpayers? But only for
rhetorical affect. The answer seems rather obvious.
According to the video linked in the original post above, the US
government,
and thereby the taxpayer, only holds 20% ownership in the Fed. What
say you?
--

The Banks in the Fed Reserve system are regulated by the Federal
Reserve, a quasi-government entity. Stock ownership is another topic
altogether.
YOu ain't the brightest bulb in the lamp, are ya?

Well, tell me, the Fed holds a certain amount of capital in reserve.

It does?????