@clray123 What the hell are you talking about? You are an idiot for stating such a stupid and i mean stupid illogical argument. People like you are so stupid and easily fooled. You have such a small mind obviously.
@bhitt99 It can be one of two things (1) he's an idiot or an utterly evil person, along with pretty much every economist on this planet or (2) you are an idiot who trusts conspiracy theorists and populists who either don't know anything themselves or have vested interests in spreading certain types of doomsday propaganda to gain votes of people like you. You're free to think it over yourself and sort out the contradictions.
Wouldn't the reverse repo on the liability side be just an obligation to sell back the repo assets to their original owners (holders of "reverse repos" on their asset side)? The explanation "fed has borrowed from someone" seems very strange.
Yeah it is ok for men to have extreme power and wealth over most. Wait no it isn't. Stupid guy ignores the horror of the world. Sort of makes me want to puke from an enlightened stand point. The central banking system of the globe is so evil to talk about it in such a calm intellectual tone just makes me sick to my stomach for some reason.
Other than enhancing the transparency of monetary policy, why is the Fed balance sheet important? I don't understand why people consider it to be one of the most 'exciting' stats published by the Fed...
3:24 - The gold has been sitting on their balance sheet since 1933 after all of the gold was ordered confiscated to the Treasury. They actually don't possess it but hold the figure on the balance sheet as a record. By federal law, they haven't been able to hold gold as an asset since that legislation.
@thekid22585 no we excpect they will, that is their job! And FYI the Fed doesn't actually "print" currency, they create money through the fractional reserve system just as all other banks. The Fed is just a massive bank so its money creation potential is higher. You all would be in soup lines right now if the Fed hadn't exercised expansionary monetary policy and we slipped into a deflationary spiral like the great depression. Oh yeah, and the Fed was created long after Lincoln's death...
Be careful with this video. Although his logic is convincing, the original financial statement is politically correct. Thus, the Fed may have assets upwards of $100 trillion. No matter where the money gets lost in the system or the world, the money always comes back to the Fed.
@bhitt99 Well, good luck to you sir. But beware that your brains don't fall out from sheer "open-mindedness".
clray123 1 month ago
@clray123 What the hell are you talking about? You are an idiot for stating such a stupid and i mean stupid illogical argument. People like you are so stupid and easily fooled. You have such a small mind obviously.
bhitt99 1 month ago
@bhitt99 It can be one of two things (1) he's an idiot or an utterly evil person, along with pretty much every economist on this planet or (2) you are an idiot who trusts conspiracy theorists and populists who either don't know anything themselves or have vested interests in spreading certain types of doomsday propaganda to gain votes of people like you. You're free to think it over yourself and sort out the contradictions.
clray123 2 months ago
Wouldn't the reverse repo on the liability side be just an obligation to sell back the repo assets to their original owners (holders of "reverse repos" on their asset side)? The explanation "fed has borrowed from someone" seems very strange.
clray123 2 months ago
Yeah it is ok for men to have extreme power and wealth over most. Wait no it isn't. Stupid guy ignores the horror of the world. Sort of makes me want to puke from an enlightened stand point. The central banking system of the globe is so evil to talk about it in such a calm intellectual tone just makes me sick to my stomach for some reason.
bhitt99 2 months ago in playlist Banking and Money
Other than enhancing the transparency of monetary policy, why is the Fed balance sheet important? I don't understand why people consider it to be one of the most 'exciting' stats published by the Fed...
FirionII 2 months ago
3:24 - The gold has been sitting on their balance sheet since 1933 after all of the gold was ordered confiscated to the Treasury. They actually don't possess it but hold the figure on the balance sheet as a record. By federal law, they haven't been able to hold gold as an asset since that legislation.
NGinuity 2 months ago
@thekid22585 no we excpect they will, that is their job! And FYI the Fed doesn't actually "print" currency, they create money through the fractional reserve system just as all other banks. The Fed is just a massive bank so its money creation potential is higher. You all would be in soup lines right now if the Fed hadn't exercised expansionary monetary policy and we slipped into a deflationary spiral like the great depression. Oh yeah, and the Fed was created long after Lincoln's death...
durhamdf 5 months ago
The Fed does not own any real gold, they just own gold certificates and it is valued at $40 something per ounce. Strange?
cheddyrod 6 months ago
Be careful with this video. Although his logic is convincing, the original financial statement is politically correct. Thus, the Fed may have assets upwards of $100 trillion. No matter where the money gets lost in the system or the world, the money always comes back to the Fed.
timrocksnrolls 7 months ago