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Piece of shit. I'll give you 2p for it.
ColonelAllan 1 month ago
@snipeyoass420 And manufacture 50% of the worlds products! And hold more US $ than the USA itself! And bends the western world over econimically! And holds 75% of all western debts!
THEYRE SO USELESS!
adamuk90 1 year ago
@adamuk90 Actually if you go to the Treasury website , Dept. of public Debt you will see a Pie Chart which indicates 49% of debt is Owed to the Federal Reserve Bank !
SethVandenberg 7 months ago
@SethVandenberg And you believe the 'transparency' of the treasury website? Who do you think the federal reserve get's it money from my friend? wake up
adamuk90 7 months ago
@adamuk90 I am by nature, not inclined to believe information presented for public viewing. However, this does not bode well for the FRB. Additionally, they have stopped posting the number and amount of "Gold Certificates" issued to the FRB as collateral for debt. There is an asterisk by said entry for Gold Certificates issued.The Asterisk in the footnotes states "FORBIDDEN" I found that quite interesting! It is a common myth that China is the largest holder of our debt. Woke up decades ago :)
SethVandenberg 7 months ago
@SethVandenberg Unfortunately the federal reserve has no more money. On Tuesday America will officially run out of money, before then they need to pass legislation which allows the country to BORROW more money. Who do you think they will borrow this money from? Europe is fucked, Britain is worse off than even America, Africa and Middle East OWE money to US, so that leaves one region. Take your guess. I hope the financial and economic situations in our country are rectified ASAP though. Peace
adamuk90 7 months ago
@adamuk90 Adam, don't fear amigo. THE DEBT CEILING WILL BE RAISED!!!!!!
It isn't even an issue. It is a political charade. Failed votes ONLY serve as political cover. When all the posturing is over [ solely for the benefit of whomever they hold allegiance ] I guarantee they will vote to raise the debt. Unfortunately the FRB can NEVER EVER RUN OUT OF FIAT MONEY ! That is the problem. The FRB will happily buy our bonds and lend us a Quadrillion.
Just don't tell them about the $1 with 303 zeros.
SethVandenberg 7 months ago
@adamuk90 I hate to bogard this fellows watch demo
I do not believe our financial situation will be rectified in the tradition sense. If we got here by default perhaps, unfortunately we are here by DESIGN. The housing market was BS cover for a multi-Trillion $ give away. Who invented "To big to Fail " NONSENSE ! The only intended winner in this evil, are world $ institutions.You and yours, as well as Americans shall live as paupers.They will not! Nor do they care ! Most in the world are poor.WHY
SethVandenberg 7 months ago
@MRFEDORGEO Cz theyre not cheap theyre at least 100 bucks and about 500 if its a swiss replica.
adamuk90 1 year ago