That is faulty logic. All these banks should be WAMU'd. Instead of shuffling in Trillions of tax payer funds to shore up the crooks who made the faulty ( fraudulent? ) business decisions , the bank deposits should be secured and the banks should be pushed into receivership. By giving these aholes money to bail them out, you strengthen the hands of those who oversee the corrupt crooked culture inside these organizations. In the long run the banking problem will worsen since the malignant elements have pushed out the good decision makers.
I don't get your point. Who cares if the dollar gets weaker - everyone else's currency is in bad shape as well. The treasury collects tax revenue. The Fed issues reserve notes backed by its member banks.
We, as taxpayers, don't own any shares in the Fed. Your analogy is fail. A reserve note is NOT OWNERSHIP IN THE FED - IT"S A MARKER FOR SOMETHING THE FED HAS. When you play poker in a casino you exchange your dollars for poker chips - this doesn't mean you own part of the building or part of the company that runs the casino!! Using your logic every IOU California issued should be able to be redeemed for any piece of land in the state, even if someone else owns it free-and-clear. As for your bond example, that's the govt. making a purchase: a business-to-business transaction, just like the DoD purchasing a fighter jet from Lockheed Martin. Much different then the govt. giving AIG 80 billion dollars to save it. Do we ask to audit Lockheed Martin's entire company books when we purchase a plane? Of course not, that would be silly. People think there are all these malicious things going on. Why do they collect taxes if they print money? For fuck sakes people the economy is a machine and an elastic one at that. Wealth needs to be created and destroyed constantly. It will never go in a straight line up or down.
why do i get a feeling u are associated somehow /w the Fed. i care if the dollar gets weaker as i holds it and i use it to purchase actual goods a services, what a dolt ! whether a disclosure will hurt the banks or not is another matter but one do care if u have an entity with vast powers and is not accountable to anyone
Bloomberg TV put up a chart this morning that I caught a glimpse of, and the dollar is really stumbling badly now. It was a chart going back to 1990. Lowest point is now, and a plunge took place during the last eight weeks.
Didn't you hear Bernanke? "I don't think the public wants politicians making monetary policy." So that must mean that what we really all want is a clique of private bankers making it behind closed doors - right?...
ROTFLOL is there anyone who still does not believe the USA banking system is a giant Zionist scam? Keep waving that flag...