ChesusRice
Well-Known Member
grave digging this fucker up
The Fed is audited Regularly What is all this Audit the Fed Non sense?
- Thread starter dukeanthony
- Start date
InCognition
Active Member
So you acknowledge that while you think the fed is "audited", it's not audited in it's entirety, which means the audit is essentially useless, because it's not done properly.
The reserve is hiding so much bullshit, and to think it's not, would very well be insane.
ChesusRice
Well-Known Member
What they "hide" is the minutes of their meetings
They give some disclosure after 3 weeks
and full disclosure after 5 years
Here is something most of you Audit the fed conspiracy theory morons dont understand
The FED doesnt make any profit on money or debt they hold of the USA
all interest collected by the FED on the 7% of the US debt they hold is put back in the treasury every year
Harrekin
Well-Known Member
Ok, slowly for you this time.
End-less mon-ey prin-ting, in-flat-ion, do you understand these terms? Do I need to break it into smaller than syllable sized chunks for you?
ChesusRice
Well-Known Member
AWEsome
Can you show me evidence of the runaway inflation?
Where is it?
Is it hiding here in the USA
Did we stash it in a potatoe feild there in Ireland
Here is a little experiment for you
How much is an ounce of gold in Euros?
How much is an Ounce of Gold in Us Dollars?
Is it an equivalent amount?
dtp5150
Well-Known Member
Thanks to the sarbanes-oxley act its a fact, for publicy traded companies!
ChesusRice
Well-Known Member
http://www.usagold.com/gold-price-forex.html
price of one ounce euro
1319.88
price of gold US dollar
1622.83
how many euros does 1622.83 =?
http://www.xe.com/ucc/convert/?Amount=1622.83&From=USD&To=EUR
price of one ounce euro
1319.88
price of gold US dollar
1622.83
how many euros does 1622.83 =?
http://www.xe.com/ucc/convert/?Amount=1622.83&From=USD&To=EUR
| 1,622.83 USD | = | 1,319.66 EUR |
| 1,622.83 USD | = | 1,319.66 EUR |
ChesusRice
Well-Known Member
Actually not
dtp5150
Well-Known Member
The only way we can be assured the fed reserve has the well being of our country in mind would be if all decision makers held all their assets in US currency. That still wouldn't guarantee they were not a planet and life sucking vampire at heart, it just means at least they would genuinely care about the us dollar.
Harrekin
Well-Known Member
You think inflation happens instantly? Yet another Duke-fail.
EU banks still need dollars to loan/sell to European people/companies so they can buy things from US companies in said dollars. Do you think US companies accept Euros now? I used to import equipment from HK and they only accept US dollars too...would I have been able to do trade with them without Dollars?
You understand how these "currency swap" things go? How do you think US car import companies pay for all those imported luxury German cars? Do you think Audi/BMW accepts US dollars?
ChesusRice
Well-Known Member
The hearing dealt mainly with the Fed's currency swap with the ECB, which amounts to a covert bailout of European banks.
But why did European banks need help from the Fed in the first place? European banks had borrowed dollars short term in international wholesale markets and lent these dollars for the long term to US companies or households. The maturity mismatch is highly risky, because once a bank cannot renew its short-term debts it becomes illiquid.
We approached such a situation last year. European banks had been pressured by their governments to buy their governments' debts. Italian banks are loaded with Italian government bonds, Spanish banks with Spanish bonds and so on. As the sovereign-debt crisis increased once again in the summer of 2011 with governments short of collapsing, European banks had increasing difficulties renewing their short-term dollar loans. As the ECB can only print euros, not dollars, European banks got nervous. While US banks did not want to lend to European banks anymore, in September 2011, the Fed stepped in and bailed out European banks through currency swaps. Through the swaps, the Fed assumed its role as the international lender of last resort.
This is from a link that is about as Ron Pawl as you can get
http://mises.org/daily/6002/The-Feds-Swap-Bailout-of-the-Eurozone
But why did European banks need help from the Fed in the first place? European banks had borrowed dollars short term in international wholesale markets and lent these dollars for the long term to US companies or households. The maturity mismatch is highly risky, because once a bank cannot renew its short-term debts it becomes illiquid.
We approached such a situation last year. European banks had been pressured by their governments to buy their governments' debts. Italian banks are loaded with Italian government bonds, Spanish banks with Spanish bonds and so on. As the sovereign-debt crisis increased once again in the summer of 2011 with governments short of collapsing, European banks had increasing difficulties renewing their short-term dollar loans. As the ECB can only print euros, not dollars, European banks got nervous. While US banks did not want to lend to European banks anymore, in September 2011, the Fed stepped in and bailed out European banks through currency swaps. Through the swaps, the Fed assumed its role as the international lender of last resort.
This is from a link that is about as Ron Pawl as you can get
http://mises.org/daily/6002/The-Feds-Swap-Bailout-of-the-Eurozone
Harrekin
Well-Known Member
Let me sum that up for you.
ECB and European Banks needed dollars...they swapped them for Euros.
Forget the currency swaps anyways, you're an idiot for focusing on them, how many sovereigns and foreign banks did the Fed loan to? Oh yeah, you don't know, cos its not fucking audited.
Get your anti-retard pill prescription renewed.
ChesusRice
Well-Known Member
Are you mad becuase NO ONE
Will loan money to your dead beat country
and the Austerity program you are so proud of is actually just the fact you have no choice in the matter?
lifegoesonbrah
Well-Known Member
Please show me the audits where it says which banks received funds from the Fed and
Don't link me to some blog that says nothing.
Don't use Ron Paul's partial audit.
Don't link me to some blog that says nothing.
Don't use Ron Paul's partial audit.
Harrekin
Well-Known Member
Lol, our country is actually recovering and we've a huge trade surplus. No "pain" has been wrought as a result of austerity, and we'll have our budget just about balanced by 2015, ie no more bond markets.
US recovery is sluggish and the deficit is still amazingly high and your national debt is at record levels.
I wouldn't be so quick to claim I'm safe if I was you, only one of those two countries is circling the debt toilet and it isn't the Emerald Isle
Can't wait till the ECB disconnects our bank debt from our public debt...then we'll see who's laughing Dukey boy.
Go work reviving one of your own fail threads btw, you couldn't write the stupidity of that shit
ChesusRice
Well-Known Member
The Irish finance minister Michael Noonan is expected to announce details of 1.6bn euros of tax increases and extra charges in his budget speech on Tuesday.
It follows the announcement on Monday of spending cuts of more than 1bn euros.
Mr Noonan's speech will only deal with revenue raising.
Income tax rates will be left untouched, but the top rate of VAT will rise from 21% to 23%.
The Irish government estimates this will bring in 670m euros, however it could lead to more Irish shoppers travelling to Northern Ireland.
Other measures could include changes to capital taxes, motor tax, the carbon tax and property-related tax reliefs.
The Irish government outlined a fresh round of austerity measures, with the beginning of its two-day budget announcement in the Dail (Irish parliament) on Monday.
The budget - aimed at saving 3.8bn euros - is the first from the new coalition government in Dublin.
Public Expenditure Minister Brendan Howlin told Irish MPs: "Our country has suffered the greatest economic crisis in living memory leading to a large fall in Exchequer revenues."
He also touched on the crisis in the eurozone, saying: "Twelve months ago we were Europe's problem. Now problems in the European and global economy threaten our recovery."
Mr Howlin told the Dail that the public service pay bill will fall by 400m euros in 2012.
The number employed in the public service will be under 300,000 by the end of this year.
The overall cost of paying public servants will fall by 3.5bn euros, or 20%, over the seven-year period from 2008 to 2015.
The Implementation Body Public Service Agreement (2010 - 2014) estimated the public service pay bill for 2011 to be around 15.71bn euros.
Next year, the government plans to reduce the size of the public service by a further 6,000.
Mr Howlin said there would be some limited recruitment in the public sector in early 2012.
Third level student contributions will rise by 250 euros.
Other measures announced by the public expenditure minister include: 543m euros cut in health, 475m euros cut in social protection, a cut of six weeks in the fuel allowance and a reduction in child benefit for third and subsequent children.
Justice Minister Alan Shatter revealed that 31 Garda (Irish police) stations will close throughout the country.
There will be a reduction in the public opening hours of 10 other police stations in the Dublin area.
It follows the announcement on Monday of spending cuts of more than 1bn euros.
Mr Noonan's speech will only deal with revenue raising.
Income tax rates will be left untouched, but the top rate of VAT will rise from 21% to 23%.
The Irish government estimates this will bring in 670m euros, however it could lead to more Irish shoppers travelling to Northern Ireland.
Other measures could include changes to capital taxes, motor tax, the carbon tax and property-related tax reliefs.
The Irish government outlined a fresh round of austerity measures, with the beginning of its two-day budget announcement in the Dail (Irish parliament) on Monday.
The budget - aimed at saving 3.8bn euros - is the first from the new coalition government in Dublin.
Public Expenditure Minister Brendan Howlin told Irish MPs: "Our country has suffered the greatest economic crisis in living memory leading to a large fall in Exchequer revenues."
He also touched on the crisis in the eurozone, saying: "Twelve months ago we were Europe's problem. Now problems in the European and global economy threaten our recovery."
Mr Howlin told the Dail that the public service pay bill will fall by 400m euros in 2012.
The number employed in the public service will be under 300,000 by the end of this year.
The overall cost of paying public servants will fall by 3.5bn euros, or 20%, over the seven-year period from 2008 to 2015.
The Implementation Body Public Service Agreement (2010 - 2014) estimated the public service pay bill for 2011 to be around 15.71bn euros.
Next year, the government plans to reduce the size of the public service by a further 6,000.
Mr Howlin said there would be some limited recruitment in the public sector in early 2012.
Third level student contributions will rise by 250 euros.
Other measures announced by the public expenditure minister include: 543m euros cut in health, 475m euros cut in social protection, a cut of six weeks in the fuel allowance and a reduction in child benefit for third and subsequent children.
Justice Minister Alan Shatter revealed that 31 Garda (Irish police) stations will close throughout the country.
There will be a reduction in the public opening hours of 10 other police stations in the Dublin area.
InCognition
Active Member
What they hide is well beyond the scope of your understanding. Deny this and you're simply naive.
The fact of whether or not they "make money", or "profit off debt" is irrelevant. Though they will essentially make money off your back via inflation, you just fail to comprehend such a basic understanding of FIAT money in regards to how it really works.
The fact is, the monetary conduct the Fed participates in, is irrefutably unethical.
Inflation is very real, backed by very real, factual evidence. Who controls inflation? Ultimately the fed does, as they're the bank that lies on the top of the world's monetary pyramid.
Your comparison between that of a Euro and it's corresponding worth in gold, compared to that of a US dollar and it's same comparable worth in gold, is a null point and has no credibility in proving anything other than what gold is currently worth.
By the way, the government and all of it's branches are entirely ethical, and conduct themselves off a pure, transparent, and good-willed foundation.... yea right. Your pipe dreams are potent aren't they?
InCognition
Active Member
The US dollar has declined over 90% in value since 1900. That is inflation whether you want to understand it or not.
The evidence is all over... just do a little research. If you have failed to come across such evidence, what is the worth is providing such obtainable evidence to someone like you, who either refuses to acknowledge it, or is too ignorant to understand the reality of what is.
lifegoesonbrah
Well-Known Member
Cheezus Please tell me more about the Feds audits and which banks receive money from the fed since its so public.
Harrekin
Well-Known Member
And the sky didnt fall and there wasnt a single non-far left wing protest...infact our tax receipts for the 5 major areas of taxation were something like 2% ahead of target.
We also did a test sale of 3 year bonds recently, demand was higher than hoped and the yield consequentally was lower than hoped.
While youre continuously trying to point out how much better America is...what is your countries plan? Another debt ceiling increase? Another ratings downgrade? We're already recovering, you guys may still be digging, but digging downwards rather than up.