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60 Minutes just said that the FED operates at a profit to the US and returns billions to the US Treasury every year!
Submitted by Ralph Waldo on Sun, 03/15/2009 - 23:24
60 Minutes is doing a piece on Bernanke and just said that the FED operates at a profit to the US and returns billions to the US Treasury every year! Holy Croak! Part I: Parts II & III below: Part II: Part III: » |
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It's a play on words they
It's a play on words they don't return money to the treasury they loan it to them at interest.
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Get Prepared!
Only dead fish go with the flow...
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
The Crime of the Century...
http://www.youtube.com/watch?v=Z2twluaMUfY
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
Wouldn't it be hard to turn
Wouldn't it be hard to turn a profit when one is allowed to print money......
Heck, even Citibank could be profitable if they had that option available to them.
That is not a lie ??
Of course they return money after they take their cut, then start the circle again ...WORDS & method vs REALITY..
you-no
btw Ralph i think vid 2 and 3 above are the same
here is vid 3
http://www.youtube.com/watch?v=iXerJg03oV0&feature=related
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
Boycott Israeli goods!
http://www.inminds.co.uk/boycott-leaflet.html
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
I'm not sure who attached the vids
?
It's my understanding that ALL of their expenses are paid without question then they get 6%. However just to be in charge of setting the interest rates is worth billions every year. That amounts to in essence knowing which way the stock market is going ahead of time!
Imagine what their expenses have amounted to over the last 95 years.
Since they have never been audited we really don't know!
this is PR for the fed pure and simple
oh yes - let's put it on 60 minutes - there is no secrecy! we are transparent! the fed makes you money!
:/
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
Boycott Israeli goods!
http://www.inminds.co.uk/boycott-leaflet.html
----------------------------------
"The essence of freedom is the proper limitation of government". ~ Founding Fathers
"Bernanke's schmaltzing of the gentiles"
lol! Bonhomme Richard wrote:
http://www.dailypaul.com/node/86288
*****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
How do we know?
The Audits that they report are of their member Banks. We don't know what the "Reserve Bank" or the "Board of Governors" balance sheets look like. These are the books the WORLD wants to see!
You Know He Is Lying Because His Lips Are Moving.
The entire fiat monetary system being a gigantic fraud, he is its main spokesman. He is the spokesman of the world's thieves and counterfeiters, -- the spokesman of the fraud.
Enough said.
Sound money, which is commodity money, is the only solution.
It is such a simple idea. But it is the ONLY one that will ever work.
You're wrong.
Democratic money is the only solution.
A few things I found
A few things I found interesting...
So, 60 Minutes reports that the Fed controls the economy. Why should a "free" market capitalist economy be "controlled" by anyone or any organization?
Profits for the treasury are essentially profits for the people. Where do these "profits" come from? The people. So is the Fed profitable for the people or an expense? If not for the Fed, those billions would not be drawn from the pockets of the people - so it seems to me that the Fed drains the people of wealth and is not truly profitable for the people.
The only ones making the "profits" are the people in D.C. who take the money from the Fed and waste it with contracts for their friends, etc.
There should be no profits in government.
Odd. I could have sworn that I've been reading that the shareholders of the Federal Reserve Bank appoint the governors........
...
The Fed
What a crok of sh*t this is. Just a plan by the fed to make themselves look like the hero's. They know that we are a threat to their empire. If enough people scream out to their reps in congress we might be able to end the fed. But the real key to this is the masses of people to unite. That will put a scare into our reps. The main stream media is up to their old tricks again, trying to convince us that the fed is good. I think now that the people are waking up and not beleiving what the main stream media reports is a good sign. I have one thing to say to all of them "the party is over". Long live the republic.
Fed gets printed money for cost of printing
My understanding is that the Federal Reserve (a non-governmental agency) is allowed to purchase printed money from the Bureau of Engraving (part of the U.S. Treasury) for the cost of printing. This is of course an enormous profit for the Federal Reserve. My understanding is that as a matter of courtesy, but not mandate, the Federal Reserve returns most (on the order of 97%) of this profit to the U.S. Treasury.
Infomercial
I feel so sorry for Mr. Bernanke. He works sooooo hard for all of us; he understands what we are going through; and its not really taxpayer money anyways; so leave us alone. :)
Was that a prime time
Was that a prime time commercial for the Fed I just watched? They should put that at Superbowl halftime and use it as a late night infomercial!
Impressive!
That's a great letter; the most simple, logical, and effective way I think I've ever seen the argument put! More should use it (or at least include it)!
You surely didnt think they would pressure Bernanke?
In an age of money controlled media, did you think the top US money man would get grilled? The Federal Reserve is the battery for the NWO and the banking elite, and they will never be audited. I would assume that the majority of sponsors for the audit the fed bill are feel good politicians that know too well that it will never happen. Perhaps they are in a demographic that has many liberty lovers and they are pandering for votes, but if the fed was ever audited the military would have to come in and take the financial terrorists out in shackles. The party leaders are now nothing more than the fall guys for the fed, as well as our president, and knowing what issues would be brought up should they be audited; I feel certain that they will never have a true audit outside of their own well established group. It is not much unlike the police force that guns down a civilian that is unarmed. The same police force internal affairs investigates its own officers, and have you ever notice that there is rarely a "bad" shooting without a video to back up claims of abuse? Same premise here, only these people control finances across the globe, and are not very interested in money, at least not near as interested in power.
In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot.
~Mark Twain
Always remember:
"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." ~ Samuel Adams
Stay IRATE, remain TIRELESS, and set those BRUSH FIRES everywhere you go and in all you do!
AUDIT THE FEDERAL RESERVE!!!!!!!!
"It's just one big club... and WE ain't in it!"
"Tyrants fear nothing more than insubordination"
"It's just one big club... and WE ain't in it!"
So much for this reporter doing good 'ol fashioned research
25 minuted interview and not even 1 second to those who predicted this for the last number of decades - the Austrian school
Go Mises.org 8)
www.Umake.it - The online resource for the Hand Made Society
So what if it does?
The FED is still a criminal enterprise, and it is 60 MINUTES responsibility to point that out. It is criminal because its very operation violates the Constitution, it prints worthless paper, just as another counterfeiter and it commits fraud and extortion by means of the "legal tender" laws.
Part 3 above is incorrectly linked to part 2. Here's Part 3:
http://www.youtube.com/watch?v=iXerJg03oV0
Ron Paul's Convention Speech
Ron Paul's Convention Speech
"Why are you doing this?"
When they asked Bernanke about why he was doing the interview, my first thought was because of HR 1207.
Obviously, Bernanke is familiar with Ron Paul... he's likely heard about Dr. Paul's new bill... he's likely aware that Ron Paul has a lot of grassroots activists... he's also probably aware that the number of cosponsors of the bill is rising....
and now, he's coming out to do a first ever interview, which turns out to be one of the biggest soft-balls ever... "ooh, Ben Bernanke is from Main Street... ohh, he's never been to Wall Street... Ohh, he's gonna save us... it's almost over... he was mad about AIG... the FED is doing a super job.... etc. etc."
Why would the FED need such positive publicity? Perhaps because they're afraid of the potential of HR 1207, which could gain significance with an angry public?
cant wait till the federal
cant wait till the federal reserve transparency act passes and we execute all these clowns for treason. while i know my ideal situation may not happen, id say we'll at least get some sound monetary policy out of it
Yes
Yes the Fed operates at a profit, but returns those profits to the treasury. It is one of the methods taken to help ensure independence, If the Fed instead required funding to operate, then the actions it took would be under the influence of those lawmakers who provided the funding. The Fed is supposed to be independent from outside influences and so it doesn't require congressional funding. There are several other controls to help ensure independence. For example, their length of terms are longer than those elected to office so that the actions by the Fed are not influenced by political motives. Otherwise we would have the Fed altering monetary policy every time an election came by to make politicians look good.
That said, I do not support the Fed. They are intended to help soften the changes in the market, and make expansion and contraction periods more smooth and less of a shock. However, I believe, like Ron Paul, that their actions are done too late to have the desired affect, and the market is already in the process of correcting itself by the time the Fed is able to recognize a problem and take action, only causing more problems in the future. However, characteristics like the Fed operating without the need for congressional funding, are the few GOOD things about the Fed. It does lead to one problem...Who ensures the Fed is doing a good job? There should be oversight, but politicians should not be in the Fed's back pocket.
Fed profits gov't
Of course, the politicians have rigged it so they can say the Fed is profitable and the Fed is good. The Fed profits the gov't. But that profit is paid from the loss in value of the dollars the people use for EVERYTHING. Here's all you need to know:
1813
1 Oz gold = $20
1913
1 Oz gold = $20
2009
1 Oz gold = $930
Where did the other $910 go? Do you like big gov't? Do you like perpetual wars? Do you like secret societies? Do you like the ability to save for a rainy day?
"When I despair, I remember that all through history, the way of truth and love has always won. There have been murderers and tyrants, and for a time they can seem invincible. But in the end they always fall. Think of it, always." -Mahatma Gandhi
2 Questions: How is the interest on the national debt calculated
and who is it paid to.
It also makes it easier to fund
WARS.
cash surcharge
best way to deal with things like the fed can be summed up in two words:
cash surcharge!
where would you like armed revolution today?
"most powerful man next to the president" and "controls the economy" are two very very good reasons for the people to take up arms and start hanging politicians.
so what's all this bullshit about "free people" and "capitalism" being to blame?