Bitcoin Forum
April 27, 2024, 08:59:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 »
1141  Economy / Marketplace / Re: THE Place to Shop w/ Bitcoin: BitCoinWorldMarket.com on: July 09, 2011, 05:12:24 PM
Sounds like your wholesalers are charging more than retail prices so it might be time to change supplier.
1142  Bitcoin / Bitcoin Discussion / Re: i just made a BIG mistake on: July 09, 2011, 12:53:06 AM
The shred command is a lie? It doesn't obliterate data?
1143  Bitcoin / Bitcoin Discussion / Re: CampBX Launch - Free Trades for All Bxlievers! on: July 09, 2011, 12:31:36 AM
Especially with short trading, I would like an API for this.

An API is in the pipeline?
1144  Bitcoin / Bitcoin Discussion / Re: Data proves Bitcoins are dropping to 0 on: July 08, 2011, 02:10:48 PM
People will start paying to give away their bitcoins? Shocked

Why not delete the wallet file? Tongue

Hope this is a joke.
1145  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 08, 2011, 01:59:25 PM
So no evidence for the CAFRs and no proper explanations for what happens to most of the US money supply or if the money supply stats are faked too high for some reason?
1146  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 08, 2011, 12:50:21 AM
That doesn't really explain anything at all. The new money created isn't all on the balance sheet. So why? What happened to the other money?
1147  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 08, 2011, 12:33:33 AM
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 Shocked) 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?
1148  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 05:47:23 PM
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?
1149  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 04:52:30 PM
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?
1150  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 04:19:08 PM
What happens to the rest of the federal reserve notes?

They aren't all liabilities then?
1151  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 03:47:05 PM
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).
1152  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 03:29:52 PM
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.htm

It says "Federal Reserve notes outstanding". What does that mean? Is this notes yet to be produced or something?
1153  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 07, 2011, 02:07:03 PM
Why are people stupid -> http://www.washingtonpost.com/wp-dyn/content/article/2010/01/11/AR2010011103892.html

Firstly 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?
1154  Economy / Economics / Re: Made in Britain - a celebration of the free market on: July 06, 2011, 07:32:02 PM
But the UK RAF is not part of a free market.

But still it's not really a problem. It's point was to show that people in Britain can make things... Which I knew already.
1155  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 06, 2011, 06:49:18 PM
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.
1156  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 06, 2011, 06:15:08 PM
I understand gold as money. I don't understand the million complexities of the federal reserve.
1157  Other / Off-topic / Re: The Liberty Portal - iOS app for Libertarianism and Austrian economics. on: July 06, 2011, 05:37:34 PM
Unfortunately there is nothing. Sad
1158  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 06, 2011, 05:32:25 PM
But you are saying that the US treasury doesn't take all the profits which was made mostly from the US treasury?

1159  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 06, 2011, 05:12:56 PM
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.
1160  Bitcoin / Bitcoin Discussion / Re: The Biggest Pyramid Scheme Ever Devised! on: July 06, 2011, 04:48:47 PM
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.
Pages: « 1 ... 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 [58] 59 60 61 62 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!