| Topic: |
Politics > Politics-USA |
| User: |
"Parmenides" |
| Date: |
15 Sep 2006 06:27:54 PM |
| Object: |
The Federal Reserve |
http://video.google.com/videoplay?docid=-5934921769808130035
.
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
15 Sep 2006 07:09:37 PM |
|
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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
2)If it's too small,the economic expansion necessary to create new jobs
is hindered.
As the population expands, jobs must be created for the new arrivals.
The Federal Reserve accomplishes it's function two ways:
1)changing of the interest rate it charges member banks for loans
This affects the money supply both immediately by making loans more or
less expensive to debtors and, down the road, affects the interest rate
the banks charge their loan customers.
2)Buying and selling Certificates of deposit to put more or less money
into the system. Buying creates more available funds, while selling
decreases the fund supply.
The Federal Reserve is a quasi-government agency created by Congress.
It reports to Congress periodically. I'm sure you've all Seen Alan
Greenspan, the Fed Chairman( he's close to retirement) reporting to
Congress.
.
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| User: "Ben Cramer" |
|
| Title: Re: The Federal Reserve |
15 Sep 2006 07:43:06 PM |
|
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"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.
2)If it's too small,the economic expansion necessary to create new jobs
is hindered.
As the population expands, jobs must be created for the new arrivals.
The Federal Reserve accomplishes it's function two ways:
1)changing of the interest rate it charges member banks for loans
This affects the money supply both immediately by making loans more or
less expensive to debtors and, down the road, affects the interest rate
the banks charge their loan customers.
2)Buying and selling Certificates of deposit to put more or less money
into the system. Buying creates more available funds, while selling
decreases the fund supply.
The Federal Reserve is a quasi-government agency created by Congress.
It reports to Congress periodically. I'm sure you've all Seen Alan
Greenspan, the Fed Chairman( he's close to retirement) reporting to
Congress.
.
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
16 Sep 2006 01:07:41 AM |
|
|
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.
2)If it's too small,the economic expansion necessary to create new jobs
is hindered.
As the population expands, jobs must be created for the new arrivals.
The Federal Reserve accomplishes it's function two ways:
1)changing of the interest rate it charges member banks for loans
This affects the money supply both immediately by making loans more or
less expensive to debtors and, down the road, affects the interest rate
the banks charge their loan customers.
2)Buying and selling Certificates of deposit to put more or less money
into the system. Buying creates more available funds, while selling
decreases the fund supply.
The Federal Reserve is a quasi-government agency created by Congress.
It reports to Congress periodically. I'm sure you've all Seen Alan
Greenspan, the Fed Chairman( he's close to retirement) reporting to
Congress.
.
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|
| User: "Ben Cramer" |
|
| Title: Re: The Federal Reserve |
16 Sep 2006 01:54:22 AM |
|
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"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?
.
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
16 Sep 2006 11:02:22 AM |
|
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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 subject of my post was the Federal Reserve,fucking idiot and you
didn't mention anyone else. Damn, you are stupid.
The fact remains,
someone has just printed 3 trillion dollars worth of new banknotes.
.
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| User: "Ben Cramer" |
|
| Title: Re: The Federal Reserve |
16 Sep 2006 06:15:20 PM |
|
|
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158422542.262198.66040@e3g2000cwe.googlegroups.com...
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 subject of my post was the Federal Reserve,fucking idiot and you
didn't mention anyone else. Damn, you are stupid.
Nope. Ole joey once again evidences his appalling lack of skills in reading
for comprehension.
You've completely ignored the stupidity of the fact that 3 trillion dollars
in banknotes have just been printed.
.
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 12:40:12 AM |
|
|
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.
.
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| User: "Ben Cramer" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 04:16:14 AM |
|
|
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in interest
rates as a result of inflation, brought upon by the introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder you were
fired.
.
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|
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 10:08:28 AM |
|
|
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in interest
rates as a result of inflation, brought upon by the introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
.
|
|
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| User: "Ben Cramer" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 12:44:46 PM |
|
|
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in interest
rates as a result of inflation, brought upon by the introduction of too
much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder you
were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
.
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| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 03:25:56 PM |
|
|
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder you
were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as 'how
many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are new
dollars introduced into the economy, and how are they removed from the
economy?
--
Nil conscire sibi
.
|
|
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| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
17 Sep 2006 04:51:32 PM |
|
|
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder you
were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as 'how
many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are new
dollars introduced into the economy, and how are they removed from the
economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
.
|
|
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| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 04:45:00 PM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder
you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as 'how
many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are new
dollars introduced into the economy, and how are they removed from the
economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
Nil conscire sibi
.
|
|
|
| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 06:03:26 PM |
|
|
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder
you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as 'how
many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are new
dollars introduced into the economy, and how are they removed from the
economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
.
|
|
|
| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 06:18:51 PM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder
you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as
'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed from
the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
.
|
|
|
| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 09:47:15 PM |
|
|
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder
you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as
'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed from
the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
And this silly little text means exactly what?
.
|
|
|
| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
19 Sep 2006 01:36:45 AM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases
in interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No
wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing.
It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics
of economics and finance, fool. Apparently you were asleep during
these segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question
as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed
from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar
bills change hands.
When the vendors you wrote the check to pay their suppliers, no
dollar bills change hands, either, unless someone goes and cashes
the check, which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
And this silly little text means exactly what?
http://www.spiegel.de/img/0,1020,403468,00.jpg
--
Nil conscire sibi
.
|
|
|
|
|
| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 09:51:06 PM |
|
|
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases in
interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No wonder
you were
fired.
I wasn't. YOu don't even know what subject you're discussing. It's
finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics of
economics and finance, fool. Apparently you were asleep during these
segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question as
'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed from
the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar bills
change hands.
When the vendors you wrote the check to pay their suppliers, no dollar
bills change hands, either, unless someone goes and cashes the check,
which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
.
|
|
|
| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 10:42:34 PM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases
in interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No
wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing.
It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics
of economics and finance, fool. Apparently you were asleep during
these segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question
as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed
from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar
bills change hands.
When the vendors you wrote the check to pay their suppliers, no
dollar bills change hands, either, unless someone goes and cashes
the check, which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
Oz. = Ounce
Yellow Brick = Gold
Ruby slippers were originally silver
Green glasses = Greenbacks
--
Nil conscire sibi
.
|
|
|
| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
18 Sep 2006 10:46:11 PM |
|
|
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge increases
in interest rates as a result of inflation, brought upon by the
introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No
wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing.
It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How about
that.
When one learns accounting, you fool, one also learns the basics
of economics and finance, fool. Apparently you were asleep during
these segments, as you were when you were taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same question
as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how are
new dollars introduced into the economy, and how are they removed
from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It also
consists of deposits in banks. When you write a check, no dollar
bills change hands.
When the vendors you wrote the check to pay their suppliers, no
dollar bills change hands, either, unless someone goes and cashes
the check, which is rare.
Most banks in the Federal Reserve system maintain only about 25% of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between accounts
via check and wire transfer than to carry dollars. How would you like
to live in a world without checking accounts? Each time you wanted to
pay a bill, you'd have to go to your bank and stand in line to withdraw
cash. Then you'd have to drive over to the vendor's office and deliver
it, since mailing cash is dangerous. It would take you all day to pay
local bills and paying the vendors out of town
would take days. Would you like to take a plane to Dallas just to pay a
bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
Oz. = Ounce
Yellow Brick = Gold
Ruby slippers were originally silver
Green glasses = Greenbacks
That still tells me nothing. You really are a silly little man.
.
|
|
|
| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
19 Sep 2006 02:16:54 PM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge
increases in interest rates as a result of inflation,
brought upon by the introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No
wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing.
It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How
about that.
When one learns accounting, you fool, one also learns the
basics of economics and finance, fool. Apparently you were
asleep during these segments, as you were when you were taught
CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same
question as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how
are new dollars introduced into the economy, and how are they
removed from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It
also consists of deposits in banks. When you write a check, no
dollar bills change hands.
When the vendors you wrote the check to pay their suppliers, no
dollar bills change hands, either, unless someone goes and cashes
the check, which is rare.
Most banks in the Federal Reserve system maintain only about 25%
of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between
accounts via check and wire transfer than to carry dollars. How
would you like to live in a world without checking accounts? Each
time you wanted to pay a bill, you'd have to go to your bank and
stand in line to withdraw cash. Then you'd have to drive over to the
vendor's office and deliver it, since mailing cash is dangerous. It
would take you all day to pay local bills and paying the vendors out
of town would take days. Would you like to take a plane to Dallas
just to pay a bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
Oz. = Ounce
Yellow Brick = Gold
Ruby slippers were originally silver
Green glasses = Greenbacks
That still tells me nothing. You really are a silly little man.
In the first audio recording on the page linked here
http://www.apfn.org/apfn/reserve.htm Griffin claims the Fed simply creates
money by fiat at the bequest of Congress. Is that correct?
--
Nil conscire sibi
.
|
|
|
| User: "Joe Bruno" |
|
| Title: Re: The Federal Reserve |
19 Sep 2006 08:51:37 PM |
|
|
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge
increases in interest rates as a result of inflation,
brought upon by the introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****? No
wonder you were
fired.
I wasn't. YOu don't even know what subject you're discussing.
It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How
about that.
When one learns accounting, you fool, one also learns the
basics of economics and finance, fool. Apparently you were
asleep during these segments, as you were when you were taught
CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same
question as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then how
are new dollars introduced into the economy, and how are they
removed from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin. It
also consists of deposits in banks. When you write a check, no
dollar bills change hands.
When the vendors you wrote the check to pay their suppliers, no
dollar bills change hands, either, unless someone goes and cashes
the check, which is rare.
Most banks in the Federal Reserve system maintain only about 25%
of
their customer's deposits on hand as actual paper bills and coin.
So how much money which doesn't physically exist is in circulation?
--
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts does
exist, but it's more convenient to transfer balances between
accounts via check and wire transfer than to carry dollars. How
would you like to live in a world without checking accounts? Each
time you wanted to pay a bill, you'd have to go to your bank and
stand in line to withdraw cash. Then you'd have to drive over to the
vendor's office and deliver it, since mailing cash is dangerous. It
would take you all day to pay local bills and paying the vendors out
of town would take days. Would you like to take a plane to Dallas
just to pay a bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
Oz. = Ounce
Yellow Brick = Gold
Ruby slippers were originally silver
Green glasses = Greenbacks
That still tells me nothing. You really are a silly little man.
In the first audio recording on the page linked here
http://www.apfn.org/apfn/reserve.htm Griffin claims the Fed simply creates
money by fiat at the bequest of Congress. Is that correct?
I don't think so. The money is created by businesses and consumers in
the normal course of business. I posted a link to the Federal Reserve
webpage and another to the Federal Reserve Act of 1913. Perhaps you can
get a more definitive answer there. I'm sure you can contact your
Senator in Washington and ask him/her. The way Griffin states the case
seems much too simple to me. HE appears To be intent on scaring people.
I wouldn't trust an alarmist like that if I were you. He seems to have
an agenda.
I don't like to answer a question if I'm not sure.
--
Nil conscire sibi
.
|
|
|
| User: "Hatto von Aquitanien" |
|
| Title: Re: The Federal Reserve |
20 Sep 2006 03:14:49 AM |
|
|
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Joe Bruno wrote:
Hatto von Aquitanien wrote:
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158505708.609709.175350@e3g2000cwe.googlegroups.com...
Ben C'ramer wrote:
"Joe Bruno" <bruno@indystart.com> wrote in message
news:1158471612.602577.213990@i42g2000cwa.googlegroups.com...
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.
*****, you dopey *****. It's often caused by huge
increases in interest rates as a result of inflation,
brought upon by the introduction of too much
cash.
Where the ***** did you learn accounting, you dopey *****?
No wonder you were
fired.
I wasn't. YOu don't even know what subject you're
discussing. It's finance, not accounting.
Allright, fine point. Not fired, but given no option. How
about that.
When one learns accounting, you fool, one also learns the
basics of economics and finance, fool. Apparently you were
asleep during these segments, as you were when you were
taught CPR.
How does it happen that the supply of money grows and
contracts 'arbitrarily'?
How many US dollars are there? NB: that is not the same
question as 'how many US dollars are there in circulation?'
If the number of US dollars is not constant over time, then
how are new dollars introduced into the economy, and how are
they removed from the economy?
I already covered that in my initial post.
The money supply consists of more than paper bills and coin.
It also consists of deposits in banks. When you write a check,
no dollar bills change hands.
When the vendors you wrote the check to pay their suppliers,
no dollar bills change hands, either, unless someone goes and
cashes the check, which is rare.
Most banks in the Federal Reserve system maintain only about
25% of
their customer's deposits on hand as actual paper bills and
coin.
So how much money which doesn't physically exist is in
circulation? --
I have no idea. Perhaps the Federal Reserve can answer that.
Your terminology is faulty. The balances in customer accounts
does exist, but it's more convenient to transfer balances between
accounts via check and wire transfer than to carry dollars. How
would you like to live in a world without checking accounts? Each
time you wanted to pay a bill, you'd have to go to your bank and
stand in line to withdraw cash. Then you'd have to drive over to
the vendor's office and deliver it, since mailing cash is
dangerous. It would take you all day to pay local bills and
paying the vendors out of town would take days. Would you like to
take a plane to Dallas just to pay a bill?
(Munchkins)
Follow the yellow brick road, follow the yellow brick road
Follow, folllow, follow, follow, follow the yellow-brick road
Follow the yellow-brick, follow the yellow-brick
Follow the yellow-brick road
You're off to see the Wizard, the Wonderful Wizard of Oz
You'll find he is a Whiz of a Wiz if ever a Wiz there was
If ever, oh ever, a Wiz there was the Wizard of Oz is one because
Because, because, because, because, because
Because of the wonderful things he does
You're off the see the wizard, the Wonderful Wizard of Oz
--
Nil conscire sibi
Don't ask me for anymore info, *****. I"ll let you show everybody
just how fucking ignorant you are and then let you stay that way.
Oz. = Ounce
Yellow Brick = Gold
Ruby slippers were originally silver
Green glasses = Greenbacks
That still tells me nothing. You really are a silly little man.
In the first audio recording on the page linked here
http://www.apfn.org/apfn/reserve.htm Griffin claims the Fed simply
creates
money by fiat at the bequest of Congress. Is that correct?
I don't think so. The money is created by businesses and consumers in
the normal course of business. I posted a link to the Federal Reserve
webpage and another to the Federal Reserve Act of 1913. Perhaps you can
get a more definitive answer there. I'm sure you can contact your
Senator in Washington and ask him/her. The way Griffin states the case
seems much too simple to me. HE appears To be intent on | | | | | | | | | | | | | | | | | | | |
