Use access key #2 to skip to page content.

lquadland10 (< 20)

Who should run the FED aka the IMF?

Recs

3

January 22, 2010 – Comments (4) | RELATED TICKERS: SVL

Ron Paul. What better way to dismantle the Fed in an orderly way and to let Congress print the Silver Certificate dollar. If you agree with me just let me know. Well I know you fools are not shy and will. Good or Bad you will tell me. Look at the DEBT CLOCK.  http://www.usdebtclock.org/ LOOK at the INTEREST AMOUNT and we are not even at one month yet. 119 billion and counting. LOOK AT THE INTEREST we have not paid so far because we are broke. 1 trillion 877 billion and counting. Look at the total taxed income for the country 109 million,177,487 Actual unemployed 26,495,276 and counting. Lot different from                                     good old Ben's count of 15,346,772. A mere 11 million not counted. Food Stamp family's now reach 34,444,040. Up over a million from Nov of last year. A 28 trillion trade deficit. They have a year to date button and a real time. Oh yes. Ron Paul Ron Paul Ron Paul for the FED.oh I forgot. We pay the FED 1.7 MILLION PER MINUTE. Per Minute. I will never see that much in my life time much less in one minute.

 http://www.dallasnews.com/sharedcontent/dws/bus/columnists/wdeener/stories/011110dnbusdeenercol.39035c6.html

4 Comments – Post Your Own

#1) On January 22, 2010 at 3:55 PM, lquadland10 (< 20) wrote:

Wrong, says Robert D. Arnott, chairman of Research Affiliates, an institutional money management firm based in Newport Beach, Calif. Our debt burden only appears to be lighter than Japan's because we don't count all of it.

State and local government debt is not included; neither is corporate debt nor household debt. Social Security and Medicare obligations? Not a penny is counted.

"If a company did the accounting for deferred obligations (that's Social Security and Medicare) the way the U.S. Treasury does, the management team would be in jail," says Arnott, whose company manages some $50 billion in pension money.

He has done a little ciphering to come up with a more realistic picture of the crushing amount of debt the United States has incurred. The public debt is actually 141 percent of GDP when the state and local government debt is included.

Our corporate debt is 317 percent of GDP, and household debt is 100 percent of GDP. Add it all up and the nation's real debt burden is 558 percent of GDP, according to Arnott. That's the kind of debt levels you typically see in Third World countries, such as Zimbabwe.

"Not many people owe five times their annual incomes and suffer no adverse consequences," Arnott said.

 

Report this comment
#2) On January 22, 2010 at 4:21 PM, chk999 (99.98) wrote:

Lynda, how much bullion silver is there to back these silver certificates?

Report this comment
#3) On January 22, 2010 at 5:02 PM, Donnernv (< 20) wrote:

Lynda:

I am puzzled by your several references to the "Fed aka IMF".  These organizations appear to be as separate as any two could be.

The Fed is composed of 12 regional USA branches, each owned by private banks within their area of purview.  These ownership interests are quite unfavorable.  They cannot be sold nor used as collateral for loans.  They pay a 6% dividend, in part to make up for the fact that bank deposits for mandated reserves pay no interest.

The Fed acts solely within the USA as an attempt at moderating the effects of excessive (or deficient) credit and to keep inflation in check.  And, it was designed to facilitate the smooth flow of funds between member banks.  Any and all profits are remitted to the Treasury.

The IMF is a world-wide body (186 nations) whose principal function appears to be making loans to poor (or in an unbalanced current situation) countries.  It has other stated functions, but they are minor in contrast.

The head man is always a European.  The USA has a 16%+ voting power, which permits it to be the only country able to override the 85% supermajority required for all major policy decisions.  The IMF as such is not a profit-making entity.

The Fed has no role in the IMF.  What I don't understand is why you equate them.  What am I missing?

Best regards.

Report this comment
#4) On January 22, 2010 at 8:56 PM, lquadland10 (< 20) wrote:

The Federal Reserve as I know is not part of the government. It is part of the IMF. In 1913 the dollar is now worth about 4 cents.They are doing it again. They just want us to believe they are seperate. People tell us they are seperate but we don't know.Also could you tell me the difference between the FED the IMF and the World Bank.  Contract the system for the New World Order. From Henry Kissinger himself. The bankers rule.

Report this comment

Featured Broker Partners


Advertisement