$9,000,000,000,000 MISSING From The Federal Reserve - Page 2 - GoFuckYourself.com

V_RocKs · 08-01-2012, 02:22 PM

Quote:

Originally Posted by DWB

Who cares?

TRENDING NOW on Yahoo.com:

01 Former cheerleader Sarah Jones
02 Larisa Latynina
03 Chick-fil-A
04 Matt Damon
05 Diabetes
06 Lindsay Lohan
07 Bela Karolyi
08 Patents
09 Stradivarius violin found
10 New flu strain

No shit!....

Brujah · 08-01-2012, 03:04 PM

Misleading title? I thought the Federal Reserve lost the money, but it's more like they're just not saying what it went to. The word missing isn't even in the article.

CPimp · 08-01-2012, 03:35 PM

Last Updated: February 9, 2009 12:43 EST

:

wehateporn · 08-01-2012, 03:40 PM

Quote:

Originally Posted by CPimp

Last Updated: February 9, 2009 12:43 EST

:

That's the date of the article which is discussed in the video

Brujah · 08-01-2012, 03:44 PM

Ignore the date, wehateporn was just notified a few hours ago (or maybe he's the one that posted it).
http://planet.infowars.com/politics/...ocking-footage

wehateporn · 08-01-2012, 03:52 PM

Quote:

Originally Posted by Brujah

Ignore the date, wehateporn was just notified a few hours ago (or maybe he's the one that posted it).
http://planet.infowars.com/politics/...ocking-footage

It's doing the rounds at the moment

Brujah · 08-01-2012, 03:55 PM

Quote:

Originally Posted by wehateporn

It's doing the rounds at the moment

You didn't see it first at infowars then? Where did you see it?

wehateporn · 08-01-2012, 03:59 PM

Quote:

Originally Posted by Brujah

You didn't see it first at infowars then? Where did you see it?

In my email

Brujah · 08-01-2012, 04:07 PM

Quote:

Originally Posted by wehateporn

In my email

Infowars newsletter?

wehateporn · 08-01-2012, 04:09 PM

Quote:

Originally Posted by Brujah

Infowars newsletter?

I don't go to that site unless someone links to it here

tony286 · 08-01-2012, 04:10 PM

Quote:

Originally Posted by Brujah

Misleading title? I thought the Federal Reserve lost the money, but it's more like they're just not saying what it went to. The word missing isn't even in the article.

Thank you, they are bankers they know where every dollar is.

Brujah · 08-01-2012, 04:11 PM

Quote:

Originally Posted by wehateporn

I don't go to that site unless someone links to it here

AboveTopSecret?

wehateporn · 08-01-2012, 04:17 PM

Quote:

Originally Posted by Brujah

AboveTopSecret?

A friend emailed me the video on YouTube, but I do know the site you mentioned, seems to have gone downhill

wehateporn · 08-01-2012, 04:20 PM

Quote:

Originally Posted by JohnnyClips

If something doesn't fit into Brujah's propagandized world, then it's not possible!

Brujah is more interested in my surfing habits than learning what's in the video

Brujah · 08-01-2012, 04:27 PM

Quote:

Originally Posted by wehateporn

Brujah is more interested in my surfing habits than learning what's in the video

Not exactly, it's more interesting to me that you aren't forthcoming with your sources. That's very revealing about you and your choice of sources. Why would I have confidence if someone isn't confident enough themselves to share their source?

Add to that the misleading deceptive title you chose to use, but I understand it was just copied from your source.

Then the Bloomberg article you found and posted, which doesn't have the word "missing" anywhere in the article.

These are just a few things that point to you being an unreliable person to get information from, if I were interested in accuracy.

Still, I'm primarily a domainer and I have a bunch of domain names related to conspiracy and religion topics. I'm always interested in sources to help develop them.

Bill8 · 08-01-2012, 04:30 PM

somebody asked me a while ago if i was a troll and if I was in the porn industry.

I can easily demonstrate that I have been in the industry a long time, and I can talk in great detail about issues only industry insiders would know.

But, since I was asked that, it seems fair to ask others...

who are you, wehateporn, and what do you do in tha porn biz?

wehateporn · 08-01-2012, 04:33 PM

The word 'missing' is from the YouTube video title. If that video is made up (e.g actors, altered speech) then it's caught me out, because it looks legit to me.

Fair enough about the domainer thing if that's why you were asking

Quote:

Originally Posted by Brujah

Not exactly, it's more interesting to me that you aren't forthcoming with your sources. That's very revealing about you and your choice of sources. Why would I have confidence if someone isn't confident enough themselves to share their source?

Add to that the misleading deceptive title you chose to use, but I understand it was just copied from your source.

Then the Bloomberg article you found and posted, which doesn't have the word "missing" anywhere in the article.

These are just a few things that point to you being an unreliable person to get information from, if I were interested in accuracy.

Still, I'm primarily a domainer and I have a bunch of domain names related to conspiracy and religion topics. I'm always interested in sources to help develop them.

wehateporn · 08-01-2012, 04:37 PM

Look at my name Bill8, I hate porn; can't stand it.

PS Check the 2nd part of my sig

Quote:

Originally Posted by Bill8

somebody asked me a while ago if i was a troll and if I was in the porn industry.

I can easily demonstrate that I have been in the industry a long time, and I can talk in great detail about issues only industry insiders would know.

But, since I was asked that, it seems fair to ask others...

who are you, wehateporn, and what do you do in tha porn biz?

wehateporn · 08-01-2012, 04:44 PM

Anyway, please stay on topic now chaps

Bill8 · 08-01-2012, 04:46 PM

Quote:

Originally Posted by wehateporn

Look at my name Bill8, I hate porn; can't stand it.

PS Check the 2nd part of my sig

I keep sigs turned off. If I want to buy something, I'm not going to buy it from a sig. I figure if it's not good enough to put in the body of the post, it's not worth looking at.

what does the 2nd part of your sig say?

wehateporn · 08-01-2012, 04:46 PM

Quote:

Originally Posted by Bill8

I keep sigs turned off. If I want to buy something, I'm not going to buy it from a sig. I figure if it's not good enough to put in the body of the post, it's not worth looking at.

what does the 2nd part of your sig say?

That explains, fair enough

http://www.WeHatePorn.com

Bill8 · 08-01-2012, 04:52 PM

anyway, to stay on topic, yeah the feds a pit, a rigged game. Everyone knows the game is fixed, but, nobody asked any of us if they were allowed to rig it.

so what? whattya gonna do about it?

it hardly seems like a months old bloomberg article that tells us something we all already know - about the trillions in shady loan guarantees, etc, and the theorized nearly $30 trillion in fed support for the financials (thats not in that article, but more recnet articles talk about am estimated 29.7 trillion figure) - is going to cause any kind of change.

let me guess - you think romney is going to do something about the fed. or paul maybe? No? how about beck? Limbaugh? Drudge?

who then? you?

wehateporn · 08-01-2012, 04:58 PM

First people need to be informed and understand the implications of this, these people can then decide whether they trust a fiat currency such as the US $ as a safe means of storing their wealth. If enough people do work out what's going on, there could eventually be a tipping point. However, my agenda is just sharing the information so as people can stay informed and make their own decisions, I'm just a link in the chain on this one. On some issues I am active, but with the Fed I'll just share info/warnings.

Quote:

Originally Posted by Bill8

anyway, to stay on topic, yeah the feds a pit, a rigged game. Everyone knows the game is fixed, but, nobody asked any of us if they were allowed to rig it.

so what? whattya gonna do about it?

it hardly seems like a months old bloomberg article that tells us something we all already know - about the trillions in shady loan guarantees, etc, and the theorized nearly $30 trillion in fed support for the financials (thats not in that article, but more recnet articles talk about am estimated 29.7 trillion figure) - is going to cause any kind of change.

let me guess - you think romney is going to do something about the fed. or paul maybe? No? how about beck? Limbaugh? Drudge?

who then? you?

Bill8 · 08-01-2012, 04:59 PM

Quote:

Originally Posted by wehateporn

That explains, fair enough

http://www.WeHatePorn.com

I know next to nothing about the non-nude sector, but thats enough to qualify as being in the biz.

Better evidence than I offer, I don't like to show my sites, there's really no benefit to doing so. All you do is give away your ideas and sales techniques and productive sponsors.

wehateporn · 08-01-2012, 05:03 PM

Quote:

Originally Posted by Bill8

I know next to nothing about the non-nude sector, but thats enough to qualify as being in the biz.

Better evidence than I offer, I don't like to show my sites, there's really no benefit to doing so. All you do is give away your ideas and sales techniques and productive sponsors.

Thanks Bill8, from past experience I do get sales from GFY traffic, though I've never actively tried to get them. What I did try to do here once was get webmaster referrals; the promotion of the site worked well, but I only got a small percentage of the webmasters show up in CCBill admin.

I used to share advice on here, but now I'm more careful as quite often you're effectively giving away the money you would have earned

Si · 08-01-2012, 05:31 PM

Quote:

Originally Posted by JohnnyClips

What more evidence do you fucking need? YOU did not create the monetary system. It was created long before you were even born. The whole system is a giant fraud

Ok so because the monetary system was created before I was born, that means it is a fraud?

Not so great logic demonstrated there.

JFK · 08-01-2012, 06:09 PM

Quote:

Originally Posted by wehateporn

Since it's anonymous, it's most likely the guys behind the Fed (Rockefeller, Rothschild etc), giving money to themselves, their buddies and funding their agendas.

To have raped it so severely in such a short period in time, it sounds like they know the current system is coming down soon, so they're taking advantage of their position; printing Dollars for themselves which they will quickly transfer into Gold, Silver or wherever they know is the current safest place for their stolen wealth to maintain it's value, while everyone elses savings crash.

Perhaps the Fed will be destroyed in a 'terror attack' so as all of the records are destroyed.

Perhaps the Fed will be destroyed in a 'terror attack' so as all of the records are destroyed.[/QUOTE]

Interesting and could be true

DTK · 08-01-2012, 06:22 PM

Quote:

Originally Posted by Bill8

Everyone knows the game is fixed

That's the thing. I'd say most people have no clue that the game is fixed.

Brujah · 08-01-2012, 06:30 PM

What would Tyler Durden do?

Bill8 · 08-01-2012, 07:20 PM

Quote:

Originally Posted by DTK

That's the thing. I'd say most people have no clue that the game is fixed.

I think of it somewhat like what you just said, but model it out like this.

divide people down the median line - the bottom half are just stupid, and you cant fix stupid.

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

of the 10% who know it's fixed, and know something about how the fix works, 90% still don't care, again, because the benefits are too great.

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

Brujah · 08-01-2012, 07:31 PM

Quote:

Originally Posted by Bill8

I think of it somewhat like what you just said, but model it out like this.

divide people down the median line - the bottom half are just stupid, and you cant fix stupid.

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

of the 10% who know it's fixed, and know something about how the fix works, 90% still don't care, again, because the benefits are too great.

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

Finally, a conspiracy explanation I can accept on the surface. At least, something I can use as a jumping point for further research if I'm interested.

Socks · 08-01-2012, 07:52 PM

Quote:

Originally Posted by Bill8

I think of it somewhat like what you just said, but model it out like this.

divide people down the median line - the bottom half are just stupid, and you cant fix stupid.

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

of the 10% who know it's fixed, and know something about how the fix works, 90% still don't care, again, because the benefits are too great.

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

I'd add that a great percentage of those people do know the game is fixed, but wouldn't be trying to fix it even if they knew exactly how it was rigged - they'd be trying to find ways to take advantage of it and exploit it for their own gain.

DTK · 08-01-2012, 10:03 PM

Quote:

Originally Posted by Bill8

I think of it somewhat like what you just said, but model it out like this.

divide people down the median line - the bottom half are just stupid, and you cant fix stupid.

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

of the 10% who know it's fixed, and know something about how the fix works, 90% still don't care, again, because the benefits are too great.

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

Very well articulated.

I think even fewer people realize it's rigged, or maybe better said, the EXTENT to which it's rigged, but that's a great overview.

Paul Markham · 08-01-2012, 11:21 PM

Quote:

Originally Posted by CPimp

Last Updated: February 9, 2009 12:43 EST

:

So have they found the money yet?

That seems to be the point people quoting the date miss.

DamageX · 08-01-2012, 11:51 PM

Quote:

Originally Posted by Brujah

Misleading title? I thought the Federal Reserve lost the money, but it's more like they're just not saying what it went to. The word missing isn't even in the article.

The kicker is... The FED never had the money in the first place.

Paul Markham · 08-02-2012, 12:03 AM

Quote:

Originally Posted by Bill8

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

This is the real problem. People are too apathetic today to do anything. So long as they can go the the shops, fill up trolley and post on boards/twitter/Facebook. They do little else.

Quote:

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

How many here were gambling on shares when they thought it was a dead cert investment.

Quote:

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

True, look at all the people who thought that all it needed was cutting their taxes to make it all better. They could never tell us how other than the slogans they had been fed.

Well put Bill.

Even if that article is 3.5 years old. what was done about it?

Bill8 · 08-02-2012, 12:31 AM

I suspect people don't understand what we are talking about here. I'm leaving out details, but this is kind of a cartoon sketch of what the deal is all about.

The 9 trillion was mostly loan guarantees and the buying of risky paper to get it off the market, it wasn't "real money". Nothing is missing. It's "money" invoked out of nothing by the magic power of the fed to create dollars for the american economy.

And as it turned out further calculations have put the figure on all the "money" at risk at 29+ trillion.

http://www.ritholtz.com/blog/2011/12...llion-dollars/

What the fed did was make guarantees to other members of the 5000, so they had time to "work out" the crap on their books and had the money to do daily business. And buy their bad paper.

When the fed does that, it's basically betting with the collective economy, and putting all of our money supply at risk.

The fed argues that it was a necessary risk, says nearly all of the guarantees were not called, so there was very little, if any, loss - but, they refuse to be audited, so nobody really knows, it's a black box.

It's kinda like the town boss coming into your house, taking your money temporarily, betting with it, winning, then letting you have your money back. We had no say in it, but ultimately we were at risk.

The fed would say, "yeah. but you also benefited too, because the economy didn't crash, so suck it bitches. Besides, nobody fucking asked you, shut yer fuckin yaps.".

But - it's not exactly clear where all the bad paper is right now. Probably, america technically owns it. yay. if its ACTUALLY bad, we definitely own it, but if it turns out to not be unsaleable, it will turn out that somebody in the 5000 owns it. They are very skilled in setting things up that way. We wont actually know for years, maybe decades.

nico-t · 08-02-2012, 01:52 AM

Quote:

Originally Posted by Jesus H Christ

The Federal Reserve is NOT a government ran entity.

true, it's the other way around: they have the government in their pocket. Control the money, have the power. And to think they dare to sell this system as a democracy to the gullible people.

AllAboutCams · 08-02-2012, 02:14 AM

i guess someone is having a good time

facialfreak · 08-02-2012, 02:46 AM

The video the OP posted was from a hearing in 2009 ...... js

DamageX · 08-02-2012, 02:56 AM

Quote:

Originally Posted by facialfreak

The video the OP posted was from a hearing in 2009 ...... js

Yeah, he's not the sharpest tool in the box.

Paul Markham · 08-02-2012, 03:06 AM

Quote:

Originally Posted by Bill8

I suspect people don't understand what we are talking about here. I'm leaving out details, but this is kind of a cartoon sketch of what the deal is all about.

The 9 trillion was mostly loan guarantees and the buying of risky paper to get it off the market, it wasn't "real money". Nothing is missing. It's "money" invoked out of nothing by the magic power of the fed to create dollars for the american economy.

And as it turned out further calculations have put the figure on all the "money" at risk at 29+ trillion.

http://www.ritholtz.com/blog/2011/12...llion-dollars/

What the fed did was make guarantees to other members of the 5000, so they had time to "work out" the crap on their books and had the money to do daily business. And buy their bad paper.

When the fed does that, it's basically betting with the collective economy, and putting all of our money supply at risk.

The fed argues that it was a necessary risk, says nearly all of the guarantees were not called, so there was very little, if any, loss - but, they refuse to be audited, so nobody really knows, it's a black box.

It's kinda like the town boss coming into your house, taking your money temporarily, betting with it, winning, then letting you have your money back. We had no say in it, but ultimately we were at risk.

The fed would say, "yeah. but you also benefited too, because the economy didn't crash, so suck it bitches. Besides, nobody fucking asked you, shut yer fuckin yaps.".

But - it's not exactly clear where all the bad paper is right now. Probably, america technically owns it. yay. if its ACTUALLY bad, we definitely own it, but if it turns out to not be unsaleable, it will turn out that somebody in the 5000 owns it. They are very skilled in setting things up that way. We wont actually know for years, maybe decades.

= We live far beyond our means.

This economy has been run like a bookmakers shop for too long. See Greece for what happens when the shit hits the fan.

Paul · 08-02-2012, 04:23 AM

Quote:

Originally Posted by DamageX

It's hearsay that it's solid evidence.

LOL!

Quote:

Originally Posted by Bill8

I think of it somewhat like what you just said, but model it out like this.

divide people down the median line - the bottom half are just stupid, and you cant fix stupid.

of the top half, the large majority, 90%, actually DO know the game is fixed, but they dont know how it's fixed, they dont know the details - and they don't care, they DONT WANT TO KNOW, as long as noone is pushing them away from the hog trough. So, you could say they know it's fixed, but act as if they don't, because it's to their immediate benefit to suppress that knowledge as long as noone is taking away their stuff.

of the 10% who know it's fixed, and know something about how the fix works, 90% still don't care, again, because the benefits are too great.

this is the overall problem with complaining about the fed - over the past decades, the benefits have been so great, that it's a waste of time complaining. yes, the priviledged few get the best part of the bargain, but we humans have been living in a pryamidal society for thousands of years.

complaining about the central bankers and the "5000" (or whatever you want to call them) and their servitor class is a dead end unless you have a clear plan for an obviously better replacement.

and thats not something we see in these kinds of discussions. nobody has a workable plan for an alternative, so it all becomes just silly, the dissatisfied bleating of sheep.

Very nice post

wehateporn · 08-02-2012, 06:08 AM

Quote:

Originally Posted by facialfreak

The video the OP posted was from a hearing in 2009 ...... js

It was becoming apparent that most people hadn't seen the video, that's why I posted it up regardless of the date. I expected someone to point out the date sooner, but it took a while, which fully justifies me having posted this. I guessed that those who support the Fed would use the date as a stick to hit me with

Tom_PM · 08-02-2012, 07:10 AM

I think I left it in my other pants.

wehateporn · 08-02-2012, 01:04 PM

Quote:

Originally Posted by DamageX

Yeah, he's not the sharpest tool in the box.

...because any video that's over 1 year old Must have been posted by mistake and Can Not Possibly be relevant to anything that's going on now?

That makes so much sense

Bill8 · 08-02-2012, 03:09 PM

As far as I'm concerned Barry Ritholtz is probably to best source for commentary about the bailouts that the fed orchestrated, but this is kind of a funny perspective...

http://www.cnbc.com/id/45674390/The_...ut_29_Trillion

Quote:

The bar manager sees the condition the guy is in, takes a look at his tab. Sees the total amount of drinks he?s been served. Grabs the bartender aside and asks him a question.

?Bartender Ben, how many drinks did you serve that guy??

?Just one,? Bartender Ben says.

?Ben! Be straight with me. I?m looking at his tab. Scotches. Shots of Jurado Tequila. A pint of Six Point. You served him a lot more than one drink,? the manager says.

?You?re looking at it wrong, my friend. You are adding up all the drinks I served him over the whole night. But at any one time, I only served him one drink,? Bartender Ben explains.

Just then the guy from Morgan Stanley looks up. His glass is empty again. ?Bartender,? he says. ?I?ll have a another.?

?See,? says bartender Ben. ?Just one at a time.?

Quite obviously Bartender Ben?s position is absurd.

But something like this position was on display last week when the Federal Reserve criticized reports claiming that the total size of its emergency facilities was $7.77 trillion. The Fed argued that these reports overstated the size of the facilities because they added up all the loans extended despite the fact that many were short term loans that we simply rolled over. According to the Fed, the best thing to do is look at the total amount outstanding at one one time, which was just $1.7 trillion.

Just like the guy who only had one drink?at a time.

Basically, what happened, besides the buying of the bad paper (which was kinda rolled into the 'quantitative easing' - with quantitative easing the fed bought LOTS of paper, and the bad paper was mixed in with the good, as a way of pumping liquid dollars back to the banks, and get people to worry less about the bad paper, because it just kind of 'went away" in the flood of billions spent in the quantitive easing) was a three year plus period of daily guarantees for overnight loans.

So, on any given day, probably only a hundred billion or so was at risk, but, added up over time, the risk was 29 trillion, because they had tto keep doing this every day for years in order to keep the banks liquid enough to block the thing everyone dreaded - principal writedowns.

The thing is, the principal writedowns are still waiting somewhere. The bad paper didn't just go away, somebody still holds it. What the fed needs to do now, is let the writedowns happen piece by piece, slowly, and hopefully quietly, so that the 5000 are protected from their mismanagement.

This is why Ron Paul wants to audit the fed - and why he will never get that audit, the 5000 can't allow it. If the republicans knew they had the votes in the senate, paul would never have been allowed to bring the audit call out of committee, but they know they are safe, because the senate will block it, so they engaged in a bit of teabag theatre.

08-01-2012, 03:04 PM	#52
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Misleading title? I thought the Federal Reserve lost the money, but it's more like they're just not saying what it went to. The word missing isn't even in the article. __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

08-01-2012, 03:35 PM	#53
CPimp Confirmed User Industry Role: Join Date: Aug 2009 Posts: 2,346	Last Updated: February 9, 2009 12:43 EST : __________________ three 997 three 55 three 1 ← That's my ICQ. Contact me there. Thanks.

08-01-2012, 03:44 PM	#55
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	Ignore the date, wehateporn was just notified a few hours ago (or maybe he's the one that posted it). http://planet.infowars.com/politics/...ocking-footage __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

08-01-2012, 04:44 PM	#69
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,176	Anyway, please stay on topic now chaps __________________ Sexy Girls Teasing

08-01-2012, 06:30 PM	#79
Brujah Beer Money Baron Industry Role: Join Date: Jan 2001 Location: brujah / gmail Posts: 22,157	What would Tyler Durden do? __________________ Free Premium Domain Lists and Tools at Clickmojo.com For Sale: Obscenity.com

08-01-2012, 04:30 PM	#66
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	somebody asked me a while ago if i was a troll and if I was in the porn industry. I can easily demonstrate that I have been in the industry a long time, and I can talk in great detail about issues only industry insiders would know. But, since I was asked that, it seems fair to ask others... who are you, wehateporn, and what do you do in tha porn biz?

08-01-2012, 04:52 PM	#72
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	anyway, to stay on topic, yeah the feds a pit, a rigged game. Everyone knows the game is fixed, but, nobody asked any of us if they were allowed to rig it. so what? whattya gonna do about it? it hardly seems like a months old bloomberg article that tells us something we all already know - about the trillions in shady loan guarantees, etc, and the theorized nearly $30 trillion in fed support for the financials (thats not in that article, but more recnet articles talk about am estimated 29.7 trillion figure) - is going to cause any kind of change. let me guess - you think romney is going to do something about the fed. or paul maybe? No? how about beck? Limbaugh? Drudge? who then? you?

08-02-2012, 12:31 AM	#87
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	I suspect people don't understand what we are talking about here. I'm leaving out details, but this is kind of a cartoon sketch of what the deal is all about. The 9 trillion was mostly loan guarantees and the buying of risky paper to get it off the market, it wasn't "real money". Nothing is missing. It's "money" invoked out of nothing by the magic power of the fed to create dollars for the american economy. And as it turned out further calculations have put the figure on all the "money" at risk at 29+ trillion. http://www.ritholtz.com/blog/2011/12...llion-dollars/ What the fed did was make guarantees to other members of the 5000, so they had time to "work out" the crap on their books and had the money to do daily business. And buy their bad paper. When the fed does that, it's basically betting with the collective economy, and putting all of our money supply at risk. The fed argues that it was a necessary risk, says nearly all of the guarantees were not called, so there was very little, if any, loss - but, they refuse to be audited, so nobody really knows, it's a black box. It's kinda like the town boss coming into your house, taking your money temporarily, betting with it, winning, then letting you have your money back. We had no say in it, but ultimately we were at risk. The fed would say, "yeah. but you also benefited too, because the economy didn't crash, so suck it bitches. Besides, nobody fucking asked you, shut yer fuckin yaps.". But - it's not exactly clear where all the bad paper is right now. Probably, america technically owns it. yay. if its ACTUALLY bad, we definitely own it, but if it turns out to not be unsaleable, it will turn out that somebody in the 5000 owns it. They are very skilled in setting things up that way. We wont actually know for years, maybe decades.

08-02-2012, 02:14 AM	#89
AllAboutCams Femcams.com Industry Role: Join Date: Jul 2011 Location: bjcam.com Posts: 12,224	i guess someone is having a good time __________________ Binance - Blockchain and Crypto Asset Exchange Chaturbate make money in cams

08-02-2012, 02:46 AM	#90
facialfreak Confirmed User Join Date: Feb 2005 Location: Montreal Posts: 3,018	The video the OP posted was from a hearing in 2009 ...... js __________________ Managed Shared Hosting starting at $4.99/mo Managed VPS starting at $29.99/mo

08-02-2012, 07:10 AM	#95
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	I think I left it in my other pants. __________________ 43-922-863 Shut up and play your guitar.