The NY Fed's QE counterfeiting scheme: NYFed buys treasuries outright from NYFed primary dealers using reserves. This is QE. Primary dealers take those reserves and earn IOER (now called IORB) on them, which IS paid in cash to the primary dealers--cash, which they DO make interest on, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the Treasury). The Fed did this in response to the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency since.
Until this ends, we will continue to devolve into a criminal cesspool, rewarding failures that lie, cheat and steal.
1/3 of your population is on the poverty line, you better hope all the extra gibs get tied up in assets and debt quick. What would you rather, your family fighting off hordes of homeless Crackheads or forever renting?
Noah Perry
also fun fact each federal reserve regional branch's head was called a governor before ~1933, after that, 'governor' refers to the board of governors and each regional Fed branch has a 'president' this confuses people that try to study the fed
Jonathan Hall
we have a lot of land and resources we can feed ourselves if we have to
Parker Anderson
The Fed, as with all private central banks, has no real purpose or reason except to make certain individuals very rich. Elimination of the Fed and FRN coupons/fiat dollars would go a long way to restoring the Republic.
Landon Sullivan
>fiat dollars I would like US Note fiat dollars or we can nationalize JPM
Here^^^^ is a link to a video of Judy Shelton on CNBC this week talking about the IOER (Interest On Excess Reserves) in this pasta:
The NY Fed's QE counterfeiting scheme: NYFed buys treasuries outright from NYFed primary dealers using reserves. This is QE. Primary dealers take those reserves and earn IOER (now called IORB) on them, which IS paid in cash to the primary dealers--cash, which they DO make interest on, this is their counterfeiting scheme (also, every penny paid in interest (cash) to the primary dealers for excess reserves also reduces the Fed’s remittance to the Treasury). The Fed did this in response to the financial collapse of 2008 and is how its primary dealers have been effectively counterfeiting our currency since.
it will end when the dollar collapses should be in the next 18 months can't wait for hyper inflation buy your gold and silver now before a loaf of bread coasts $500
Luis Murphy
>when we kill everyone like you
I've seen a lot of pro-Fed shills and have begun a list of their (poor) techniques: “other anons care about shit like demographics or geopolitics. what color the monopoly money everyone is currently using seems pretty irrelevant and pointless” “other people that bring this up get killed” ******************* this is (You) “the debt is meaningless” “people are too stupid to understand this” “the Fed is our partner” lol “you will never get rid of the Fed” “the fed is not private” “you’re shitting up the thread” “why can’t you just shut up and make money off this?” “your images are missing” “Counterfeiting has been illegal since there have been monetary systems of any kind" “Here I am 35 still a kissless, virgin discussing how these guys are bad guys. I don't care bad or good; they had/have a life and I don’t” “I want money, sex and happiness. Even if it means spreading degeneracy, scam or fraud” “Economies are tools nations use to decide where surplus wealth will be invested, it is and will always be controlled by those in power and there will always be someone in power.” just added this one lel
It sucks having to say Federal Reserve Notes instead of "dollars" because that's a mouthful, but I just don't feel right calling these scraps of paper "money".
fiat currency is useful b/c it IS worthless pic related it represents a common faith in the system backing it the people back the US dollar, give it its value, our productivity now that we have this common faith and an established currency, we no loger the Fed, they are actually destabilizing at this point
having metal reserves makes sure that a currency's issuance is pegged to the reality of productivity that can be argued later right now, we need to start issuing US Notes again, we can issue them simultaneously with federal reserve notes, but only use for infrastructure within the country, for example
>now that we have this common faith and an established currency, we no longer need the Fed, they are actually destabilizing at this point
What we have now is classism being disguised as racism and sexism. It is identical to 1913 Russia, but instead of poverty, the socialists' subversion is in the form of leveraging racial and gender inequities, instead of class. The socialists cannot use class/wealth now to subvert, b/c the socialists ARE the meritless, central bank-funded elitists. It is the only way they have left to sow discontent and wrestle more power away from a unified population.
We cannot have unearned income at the expense of earned income and productivity. The debauchment of our currency by the NYFed’s QE and the nationless globalists looking to tax, license, collect fees, datamine, and monetize every aspect of humanity. Unfortunately today, only the sleaziest, most corrupt, dumbest, laziest, narcissistic and most compliant are rewarded.
FINANCE MUST BE THE SERVANT OF PRODUCTION, NOT ITS MASTER. Without productivity, money is worthless. Barter and use cash as much as possible, no matter what country you are in.
