1147
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 08, 2011, 12:33:33 AM
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Can someone show evidence of the hidden revenues in these CAFRs. I looked through them and found one PDF (A lot of them are restricted ) that did show the actual loss through some investments to be about 5 times lower than on the budget. No real big finds. Anyone can direct me to something? Also, is doesn't answer my question about what happened to the new money the federal reserve made which isn't all down as liabilities on the balance sheet. I thought the federal reserve took over the money supply in 1971 or near that time. Since then a lot of new money has been made. More than just about a couple of trillion dollars. Or am I really wrong?
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1148
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 07, 2011, 05:47:23 PM
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And this money is kept of the balance sheet which explains why the balance sheet doesn't show the many trillions of dollars that has been made over the last 40 years?
So what happens to this money. Can anyone explain. This money isn't owed back to the fed? Where does it go?
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1149
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 07, 2011, 04:52:30 PM
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But that's not the total in existence, is it? Thats what the federal reserve banks do not hold in any form. The deposits section isn't about FRNs are they? The total number is 1,144,078,000,000?
And my question is, where does the 9 trillion dollars come from? Obviously if you include all the federal reserve notes in existence, it doesn't cover this, so there are dollars from the past. It is my understanding only federal reserve notes are produced as USD today but not so in the past was it?
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1151
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 07, 2011, 03:47:05 PM
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thats the actual cash/currency floating around the world.
And the rest is deposits, so the amount of notes is $2,885,778,000,000? To the nearest million. Almost 3 trillion federal reserve dollars. But there is also the legacy (Shall I call them?) dollars still around, no? US Money supply is shown to be about 9 trillion dollars. Apparently that's the full figue (M2).
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1152
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 07, 2011, 03:29:52 PM
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nice, i never thought of it this way even tho i knew this fact. now i learn something from you.
Good to know I brought some ideas to you. Before this thread I did already know the federal reserve bought out government bonds with new money and such. It's just the details really and some comments confused me but mainly as a misunderstanding. For example it appeared to me at first people where suggesting the federal reserves profits were given out to private owners but this was only a misunderstanding I think. On here -> http://www.federalreserve.gov/releases/h41/current/h41.htmIt says "Federal Reserve notes outstanding". What does that mean? Is this notes yet to be produced or something?
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1153
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 07, 2011, 02:07:03 PM
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Why are people stupid -> http://www.washingtonpost.com/wp-dyn/content/article/2010/01/11/AR2010011103892.htmlFirstly it says the federal reserve has earned money. There is no "earn" involved at all. It says the federal reserve has made money for the US treasury. The federal reserve makes most money from the Us treasury in the first place, no? The printed money is not considered an asset. It plays no role in profits down on paper. The interest on the bonds are considered profit. The treasury pays interest on the bonds... just to get it back later after paying off the running costs of federal reserve (Including nice salaries I bet)? The media thinks this is "protecting tax payers"? How? It's strange because with it's bond buying scheme using new money, it's just giving the US government time. Extending debt with new money. I guess the interest is there to pay for the costs of the federal reserves and any excess is just returned. Someone has said on here the federal reserve has been relaxed with loan repayments, has it allowed the US treasury to not repay all of the new money? If the new money is just repaid and relent constantly wouldn't the federal reserves balance sheet show a lot more money?
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1155
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 06, 2011, 06:49:18 PM
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If the new money is a liability, who is it a liability to? I think it's actually a fake liability to hide the masses of new money they make. A form of window dressing. But am I right. The money is owed to the government or something? That would make it even more insane and complicated.
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1159
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 06, 2011, 05:12:56 PM
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Hold on, the federal reserve balance sheet has the printed money down as a liability? What the heck? I guess this is just window dressing lies?
Apparently the Bank of England also owns some of the federal reserve in the US. :O
Is this true.
The Rothschilds group makes profit on this scam?
Some people say all the profits from the federal reserve go to the Us treasury. Heh, if that were true, why make money on the US treasury just to give it back?
It gets weirder and weirder the more you look at it.
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1160
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Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised!
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on: July 06, 2011, 04:48:47 PM
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The US Treasury paying the federal reserve for the loans it gives out which aren't proper loans anymore.
Could it get any worse?
"your USD"
I don't have any USD. I have GBP and investments in certain securities. Looking to make investments into bitcoin with a trading algorithm I have not finished yet.
The banks that are "members" or whatever get dividends from the system right? The government stops the federal reserve from keeping all the printed money for itself and forces it to lend and relend, yet allows some profit from the system? Why doesn't the new money go into the net assets, it becomes a liability as well somehow?
I'm getting a bit confused.
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