Investing In Inflation

Essentially no, because instead of creating the money for we the folks's Treasury, we the folks become indebted for the money which the banks have created. WE must now eventually pay back PRINCIPLE AND INTEREST on the money the private banks created. So Congress just keeps on spending and borrowing as the debt piles up into billions and trillions.Why not require Congress to create the currency. Nobody pays back anything. The national currency is simply increased. Congress alone, who are accountable to the folks would then be responsible for over extending and inflation, etc. It would be a whole lot more difficult for them to allow the current monetary mess we are in.

---

BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.

quote:

---

Essentially no, because instead of creating the money for we the folks's Treasury, we the folks become indebted for the money which the banks have created. WE must now eventually pay back PRINCIPLE AND INTEREST on the money the private banks created. So Congress just keeps on spending and borrowing as the debt piles up into billions and trillions.

---

Any actual evidence of any of this, other than tin foil hat ravings?

---

Those who would sacrifice an essential liberty for a temporary security will lose both, and deserve neither. -- Benjamin FranklinWe see monsters where science shows us windmills. -- Phat

But is that not their job to do just that? To seek to control the currency in the best interests of the nation that they serve? Are you saying that they are not doing that? If not who are they doing it in the interests of? Why has the Bush administration not acted to make the central bank achieve it's intended aim? If it is not doing so. Who arranged the conditions of these loans? The fed? The government? Here in the UK there is a lot of debate about how much say the government now actually has over those banks that it now has a financial stake in. Is that debate not going on in the US too? I agree to some extent but on the other hand if one major high street banking institution goes down how many people's savings, mortgages and jobs does that take with it? It is that sort of meltdown it is hoped can be avoided.

No. If you choose not to believe the link data which I furnished, that's your prerogative. I suggest you read the whole page beyond what I cited if you haven't done so and then decide if it makes sense to you. It makes sense to me and corroborates what I've read elsewhere on the way it works.

---

BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.

But is that not their job to do just that? To seek to control the currency in the best interests of the nation that they serve? Are you saying that they are not doing that? If not who are they doing it in the interests of? Why has the Bush administration not acted to make the central bank achieve it's intended aim? If it is not doing so.1. Yes it is but the Constitution relegates the control of the currency to Congress, not private banks, who's first interest tends to be for their own interests. That's what's so bad about the whole system since the Fed Res was created.
2. It's primarily Congress's responsibility to oversee the Fed Reserve. Congress has had a Democrat majority the past 8 years and Dems goaded the banks into making bad loans to minorities and others who were very bad loan risks. Of course the banks were bailed out by Congress. They always come out with the $$ in their pockets and the folks get soaked.It's late and that's all I have time for now. Perhaps I can get to some other another time. I'm heading out of town on business tomorrow.

---

BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.

quote:

---

It makes sense to me and corroborates what I've read elsewhere on the way it works.

---

Which, of course, is why you uncritically choose to believe it, regardless of the tinfoil hat nature of the ravings and the complete lack of evidence to support it.

---

Those who would sacrifice an essential liberty for a temporary security will lose both, and deserve neither. -- Benjamin FranklinWe see monsters where science shows us windmills. -- Phat

Hey buz, I know you're disconnected from reality, but this is a pretty egregious lie. The Dems claimed the majority in the house and senate in 2006, fourteen years after the repubs in 1994.And please, understand the CRA before you criticize it. Yes, it mandates loans. But within safe and sound lending practices, and only regulated banks could make them.F&F were caught in a different mess, this one created by mortgage companies who weren't regulated and by people who simply saw an untapped market. Think about it--the CRA has been making loans since the 70s and we haven't seen this kind of crisis until Wall Street found a way to make money and a ton of money was left over from the last bust (dot-com) which was the ninvested in housing, sparking the new bubble.

I see you like tinfoil, subbie. You refer to it a lot in your messages, like your last personal smear, totally devoid of anything substantive to the thread.

---

BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.

No lie, Kuresu, but a major goof on my part.I believe a number of liberal Republicans have had a record of crossing the isle on voting whereas fewer Democrats cross the isle on behalf of conservative issues. McCain and the majority of Senate Republicans, for example, voted for one of the most liberal judges; Ginsburg, sitting on the Supreme Court.

---

BUZSAW B 4 U 2 C Y BUZ SAW.
The immeasurable present eternally extends the infinite past and infinitely consumes the eternal future.

Are you saying that the US central bank should be nationalised? Buz you pinko commie!! Whatever next?The UK central bank is state run and does not seem to have the problems that you are saying that the US central bank does in terms of siphoning off profits to it's shareholders and chief execs.However I am just not convinced that your assertions regarding the Fed are actually true. You have still not provided any evidence that they are making major profits at the expense of the nation. Erm I am no experet but I know for a fact that the above is just not true. Factually untrue.Edited by Straggler, : No reason given.