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Author Topic: Our Fed fed Elites  (Read 2242 times)
Littleshop
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July 23, 2011, 03:01:12 AM
 #21

http://www.wtfnoway.com/

Here you go, a visualization of trillions of dollars in 100$ bills.
+1

Wow.  Go there.

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hugolp
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July 23, 2011, 05:31:34 AM
 #22

The OMG!  16 TRILLION IN LOANS!!!!!!   is outright dishonest reporting and political grandstanding.

the 16 trillion number is the total of all loans, including overnight loans (which are exactly what they sound like.  they're repaid the next day).  it's like saying i loaned you $1000 if i actually loaned you $125 each day, which you repaid in the morning.

the most loaned at any time was a bit more than 1 trillion.

furthermore, if one takes a moment to go look at page 4 of the actual report, practically all have been repaid in full, with about 57 billion still outstanding.

This is dishonest, since the Fed end up buying the mortgage shit from the banks with QE1.
Melbustus
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July 23, 2011, 07:10:25 AM
 #23

http://www.wtfnoway.com/

Here you go, a visualization of trillions of dollars in 100$ bills.
+1

Wow.  Go there.


Huh... $100M is surprisingly physically tiny.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
QuantumQrack
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July 25, 2011, 05:58:14 PM
 #24

$16 trillion!
To give you an idea of how much 16 trillion is, I cant give you an idea of how much 16 trillion is.


All I know is that it would be more than enough to pay off the US national debt  Roll Eyes

It is mathematically impossible to pay off the national debt. :-(
cypherdoc
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July 25, 2011, 06:14:37 PM
 #25

$16 trillion!
To give you an idea of how much 16 trillion is, I cant give you an idea of how much 16 trillion is.


All I know is that it would be more than enough to pay off the US national debt  Roll Eyes

It is mathematically impossible to pay off the national debt. :-(

not if you let the banks go!
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July 25, 2011, 06:48:18 PM
 #26

$16 trillion!
To give you an idea of how much 16 trillion is, I cant give you an idea of how much 16 trillion is.


All I know is that it would be more than enough to pay off the US national debt  Roll Eyes

It is mathematically impossible to pay off the national debt. :-(

not if you let the banks go!

Actually, he is right, I dont know if for the right reasons or not.

To get rid of the government debt you need to change the monetary system first. Otherwise, by eliminating the government debt you would eliminate (almost) all the currency.

If I am not mistaken, the last and only president to pay all the government debt in the USA was Andrew Jackson and he did it by removing the central bank and then having restrictive fiscal policies to return the debt.
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