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Thread: What is Social Capital?

  1. #11
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    Re: What is Social Capital?

    Quote Originally Posted by phattonez View Post
    I don't know if I'd call it small. The Fed has a balance sheet equal to 23% of M2.

    But it doesn't really matter anyway since the Fed and banks all act in concert. They're not totally separate institutions.
    so you have no point here?? you started a thread about debt based currency being unstable?? Why is it unstable? Do you know?? What is more stable??

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    Re: What is Social Capital?

    Quote Originally Posted by James972 View Post
    very very simple actually.
    1) Money is created by what we call Federal Reserve Board.
    2) They create enough money to keep prices stable so we can comparison shop for best buy.
    3) Debt is critical to insure money is invested well enough to earn a return. If they gave money away with no debt away it would be wasted.

    Do you understand?
    This is all false.

    1.) Money is created in banks via lending

    2.) The Fed sets the short term cost of borrowing

    3.) Debt is the primary instrument the Fed uses to conduct monetary policy. For the most part, when the Fed wants to make lending easier, it buys Treasury bonds thereby creating additional reserves at the stroke of a key. When the Fed wants to make lending tighter, it sells Treasury bonds thereby draining reserves from the system. These two levers help accelerate or decelerate monetary creation.


    Do note, it's more complicated than this. We haven't even begun to discuss Repo, IOER, etc....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: What is Social Capital?

    Quote Originally Posted by James972 View Post
    why not cut the BS and tell us your fool conspiracy theory. Fed is second to only CIA is this category
    I have no conspiracy theory. I simply state the truth. Money creation was originally intended in the constitution to be the sole domain of the government. It became the sole domain of banks with the creation of the Fed. Our entire economy is dependent upon banks and we gave them the right, with very little control, to create as much money as they want every single day of the year by putting one of us into debt. That is our system.
    Your mother swims after cruise ships.

  4. #14
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    Re: What is Social Capital?

    Quote Originally Posted by Vadinho View Post
    I have no conspiracy theory. I simply state the truth. Money creation was originally intended in the constitution to be the sole domain of the government. It became the sole domain of banks with the creation of the Fed. Our entire economy is dependent upon banks and we gave them the right, with very little control, to create as much money as they want every single day of the year by putting one of us into debt. That is our system.
    And it's out of control:


    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

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    Re: What is Social Capital?

    Quote Originally Posted by phattonez View Post
    And it's out of control:

    It is and to be honest, until I fully realized how the banking system works, I would have said comments like ours were conspiracy theorists waxing nightmares. I am now a bit more informed and it is true, we are completely controlled by banks.
    Your mother swims after cruise ships.

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    Re: What is Social Capital?

    Quote Originally Posted by Kushinator View Post
    This is all false.
    ..
    "Money is created by what we call Federal Reserve Board".

    who do you think creates it if not the fed?????????????????? Girl Scouts????

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    Re: What is Social Capital?

    Quote Originally Posted by Vadinho View Post
    Money creation was originally intended in the constitution to be the sole domain of the government.
    Fed is controlled by govt, fed in turn contols how much the banks can lend. If you have a problem with this say exactly what it is or admit to BSing

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    Re: What is Social Capital?

    Quote Originally Posted by Vadinho View Post
    we gave them the right, with very little control, to create as much money as they want every single day of the year by putting one of us into debt. That is our system.
    if they create more than they can lend out profitably they go bankrupt so the control is very very tight. It is just like a car company making too many cars. Do you understand?

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    Re: What is Social Capital?

    Quote Originally Posted by phattonez View Post
    And it's out of control:
    you did't tell us why you think its out of control?? Obviously you'd be all over it if you knew

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    Re: What is Social Capital?

    Quote Originally Posted by Vadinho View Post
    I we are completely controlled by banks.
    can you present most obvious example of this or admit to BSing

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