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 lysergicasians
Revolutionary.
Registered: 01/16/11
Posts: 50
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 Is this really how banks operate? 
#14122828 - 03/15/11 01:27 AM (2 years, 2 months ago) |
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Why does it link together up like that?
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Earth Child
Registered: 12/16/10
Posts: 3,473
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You should watch a video called 'Money Masters'. That will answer all of your questions.
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 txhc4life
Seeker of Truth
Registered: 01/20/10
Posts: 39
Loc: TX
Last seen: 1 year, 11 months
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The federal reserve bank is a private banking business. It operates for profit.
The federal reserve bank and the fractional reserve banking suck the money from the middle class and poor(by inflating the dollar and wiping savings).
Its a monetary system based on credit. The government prints i.o.u's(treasury bonds) in exchange for dollars from the federal reserve. So the federal reserve loans the money with interest, and expects the interest to be paid back in dollars. This is a scam, because if the federal reserve notes are the only legal tender, the debt can never be truly paid off. Only principal was introduced, the interest that you pay on is borrowed by somebody else.
The fractional reserve banking allows the banks to loan more money out than what they have deposited by customers. The ratio is usually 1/10, but can be higher. This is the reason if everyone goes to the bank at once the bank would not be able to pay out to everyone. The banks depend on you to keep your money there and not to take it out all at once.
This is the current state of monetary policy here in America and most of the world. We are seeing the effects of a system enacted in 1913, and really got kicked in during Nixon years when they left all metal standards for money.
If you checking this stuff out check out this vid on the world bank and international monetary fund.
Edited by txhc4life (03/15/11 02:19 AM)
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Yrat
Hello
Registered: 11/08/07
Posts: 2,030
Last seen: 1 day, 21 hours
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 Re: Is this really how banks operate? [Re: txhc4life]
#14135299 - 03/17/11 07:16 AM (2 years, 2 months ago) |
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ah yes, i remember my first look down the rabbit hole...
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"There are a thousand hacking at the branches of evil
to one who is striking at the root."
-Henry David Thoreau
Strike The Root
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johnm214
Registered: 05/31/07
Posts: 16,557
Loc: Americas
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Re: Is this really how banks operate? [Re: txhc4life]
#14138750 - 03/17/11 09:11 PM (2 years, 2 months ago) |
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Quote:
txhc4life said:
The federal reserve bank is a private banking business. It operates for profit.
Yeah. Too bad none of the people claiming this kinda thing have been able to provide any decent evidence of it. Besides conclusory statements made by "youtube scholars".
I don't suppose you'll be the first to back up this claim
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Yrat
Hello
Registered: 11/08/07
Posts: 2,030
Last seen: 1 day, 21 hours
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Re: Is this really how banks operate? [Re: johnm214]
#14141733 - 03/18/11 07:50 AM (2 years, 2 months ago) |
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yeah... securing yourself the ability to generate "money" from nothing is meant to help the common folk 
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"There are a thousand hacking at the branches of evil
to one who is striking at the root."
-Henry David Thoreau
Strike The Root
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txhc4life
Seeker of Truth
Registered: 01/20/10
Posts: 39
Loc: TX
Last seen: 1 year, 11 months
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Re: Is this really how banks operate? [Re: johnm214]
#14159501 - 03/21/11 04:13 PM (2 years, 1 month ago) |
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The federal reserve has to pay 6% dividends to its members banks. The member banks consist of private banks. However you want to look at things someone is making profit here. It may not be the actual federal reserve, but the interest we pay on the loans does make its way back to private interest.
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lysergicasians
Revolutionary.
Registered: 01/16/11
Posts: 50
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Re: Is this really how banks operate? [Re: txhc4life]
#14171207 - 03/23/11 06:32 PM (2 years, 1 month ago) |
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what a scam :/
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johnm214
Registered: 05/31/07
Posts: 16,557
Loc: Americas
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Re: Is this really how banks operate? [Re: txhc4life]
#14181675 - 03/25/11 01:48 PM (2 years, 1 month ago) |
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Quote:
txhc4life said:
The federal reserve has to pay 6% dividends to its members banks. The member banks consist of private banks. However you want to look at things someone is making profit here. It may not be the actual federal reserve, but the interest we pay on the loans does make its way back to private interest.
How does this make it a private banking buisness operating for profit? Treasury bills pay returns as well, so the treasury is a private buisness? Municipalities pay bonds- them too? Guess that includes the states and... everyone?
The private banks who are paid the 6% dividends are paid from the earnings of the particular reserve bank they own stock in. What is the problem with this? Its not like they get the money for nothing, they have to buy the stock they get dividends off of. Certainly doesn't mean the reserve bank is private nor that the fed is, just because by law they distribute earnings in part via 6% dividends.
What is the basis of your "for profit" claim? My understanding is that any additional monies after the dividends are paid go into a surplus fund for the reserve bank's operation- which congress dips into if it wants.
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Mr.Al
Alphabet soup
Registered: 05/27/07
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Re: Is this really how banks operate? [Re: johnm214]
#14230477 - 04/03/11 12:06 PM (2 years, 1 month ago) |
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Why not look at the big picture John?
The "federal" reserve is presently buying 70% of U.S. treasuries at auction.
Why? No one wants treasuries when inflation outpaces the interest offered.
C.P.I. is bogus as it utilizes hedonic-adjustments to hide the effects of monetary inflation. Food and fuel are not included because then the numbers would begin to reflect reality et cetera.
The federal reserve is the enabler to the junkie/debt addict that is the U.S. government.
Do you view this present situation as being sustainable?
Do you think that an exit strategy that involves raising interest rates is feasible (would this not balloon the debt out of control?!?).
Economics really is common sense John. How can a rational mind view this present situation as anything less than an economic train-wreck in the making?
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AkhenAton
Stranger
Registered: 08/09/11
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Last seen: 1 year, 7 months
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Re: Is this really how banks operate? [Re: johnm214]
#14936088 - 08/17/11 10:02 AM (1 year, 8 months ago) |
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Quote:
How does this make it a private banking buisness operating for profit? Treasury bills pay returns as well, so the treasury is a private buisness?
Yes
http://creditreports.dnb.com/webapp/wcs/stores/servlet/IballValidationCmd?storeId=11154&catalogId=71154&searchType=BSF&busName=united+states+treasury&state=DC&country=US&cm_mmc=dnb-_-home-_-retail-_-lookup#goTop
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UNITED STATES DEPARTMENT OF TREASURY
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1111 CONSTITUTION AVE NW, WASHINGTON, DC
UNITED STATES DEPT TREASURY
LIBERY CENTER, WASHINGTON, DC
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UNITED STATES GOVERNMENT UNITED STATES HOLOCAU
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AkhenAton
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http://creditreports.dnb.com/webapp/wcs/stores/servlet/IballValidationCmd?storeId=11154&catalogId=71154&searchType=BSF&busName=federal+reserve+bank&state=DC&country=US&cm_mmc=dnb-_-home-_-retail-_-lookup#goTop
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Headquarters INDEPENDENCE FEDERAL SAVINGS BANK
1301 9TH ST NW, WASHINGTON, DC
Headquarters BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, THE
Also Traded as FEDERAL RESERVE SYSTEM, THE 20TH STREET AND CONSTITUTION AVE NW, WASHINGTON, DC
FEDERAL RESERVE BANK OF ATLANTA
801 C ST NE, WASHINGTON, DC
RESERVE, THE
1426 L ST NW, WASHINGTON, DC
COLUMBIA FIRST BANK, A FEDERAL SAVINGS BANK
730 11TH ST NW, WASHINGTON, DC
RESERVE APTS
1436 MERIDIAN PL NW, WASHINGTON, DC
LA RESERVE
2015 MASSACHUSETTS AVE NW, WASHINGTON, DC
HARRY`S RESERVE
909 NEW JERSEY AVE SE, WASHINGTON, DC
RESERVE OFFICERS ASSOCIATION
30 E ST SW, WASHINGTON, DC
CITIZENS STATE BANK FEDERAL DE
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meams
Blessed
Registered: 01/11/05
Posts: 17,375
Loc: In a Tree
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Re: Is this really how banks operate? [Re: AkhenAton] 1
#14937136 - 08/17/11 02:50 PM (1 year, 8 months ago) |
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Great thread. Well constructed 
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zappaisgod
horrid asshole
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Re: Is this really how banks operate? [Re: AkhenAton] 1
#14937445 - 08/17/11 03:58 PM (1 year, 8 months ago) |
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--------------------
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AkhenAton
Stranger
Registered: 08/09/11
Posts: 128
Last seen: 1 year, 7 months
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Re: Is this really how banks operate? [Re: meams]
#14939542 - 08/17/11 11:26 PM (1 year, 8 months ago) |
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Quote:
meams said:
Great thread. Well constructed
whats the problem?
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menelaus
Ghost
Registered: 07/24/11
Posts: 107
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Re: Is this really how banks operate? [Re: AkhenAton] 1
#14940910 - 08/18/11 06:58 AM (1 year, 8 months ago) |
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I love banks. I love the IMF. I welcome our new overlords.
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meams
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Re: Is this really how banks operate? [Re: menelaus]
#14941109 - 08/18/11 08:51 AM (1 year, 8 months ago) |
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I'd rather have banks & the IMF than Rockefeller & Carnegie
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AkhenAton
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Re: Is this really how banks operate? [Re: meams]
#14941118 - 08/18/11 08:57 AM (1 year, 8 months ago) |
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Quote:
meams said:
I'd rather have banks & the IMF than Rockefeller & Carnegie
Quote:
meams said:
I'd rather have banks & the IMF than Rockefeller & Carnegie
Why is that?
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meams
Blessed
Registered: 01/11/05
Posts: 17,375
Loc: In a Tree
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Re: Is this really how banks operate? [Re: AkhenAton]
#14941315 - 08/18/11 10:19 AM (1 year, 8 months ago) |
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Because some operate within the constraints of US/world mandates & legislation (banks & IMF) and the otehrs operated as they saw fit, well above the reach of the law, who lived in their back pocket (Rockefeller & Carnegie)
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AkhenAton
Stranger
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Re: Is this really how banks operate? [Re: meams]
#14941485 - 08/18/11 11:15 AM (1 year, 8 months ago) |
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Quote:
meams said:
Because some operate within the constraints of US/world mandates & legislation (banks & IMF) and the otehrs operated as they saw fit, well above the reach of the law, who lived in their back pocket (Rockefeller & Carnegie)
Quote:
meams said:
Because some operate within the constraints of US/world mandates & legislation (banks & IMF) and the otehrs operated as they saw fit, well above the reach of the law, who lived in their back pocket (Rockefeller & Carnegie)
Really what laws are those exactly if you don't mind telling me? Thanks in advance
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