Thread: Spreadn' the Wealth - Just Not Within the Family

Originally Posted by Decker

What are you talking about? FRB: Does the Federal Reserve ever get audited?

The fed is fully audited. Unless of course its those damn Jews again. You might not like the policy but that's not your call.

Provide a link showing they are "fully" audited since everything I've read states otherwise.

Originally Posted by Decker

I guess I am just a self rightouse (sic) ...sigh.......that's not fun or funny. If you were clever or amusing you might be worth more than the dogshit on my shoe heel. But you're not.

Why don't you neg me again Jimmy?

What a man!

lol, at least you got that right, I am a man. I can disagree with someone with out being a condescending fucken dick head when I make my point. You prove you cannot. It's hilarious how wound up you got over negative rep points, lol, YOU ARE SERIOUSLY INSECURE.
Future reference, If you actually have something real to contribute to this board or any where in life, don't be so ate up with your false superiority complex to actually communicate in a civil manner, you define douchebag. lol.

Originally Posted by Decker

I guess I am just a self rightouse (sic) ...sigh.......that's not fun or funny. If you were clever or amusing you might be worth more than the dogshit on my shoe heel. But you're not.

Why don't you neg me again Jimmy?

What a man!

Negged.

Originally Posted by Zaphod

Shame on him. If you have the means you should take care of your family.

Not if they're a bunch of mooching cunts

Originally Posted by theCaptn'

Not if they're a bunch of mooching cunts

True!

Originally Posted by troubador

Provide a link showing they are "fully" audited since everything I've read states otherwise.

he can't. because they never were fully audited. but he doesn't even care. he's just another sheep that goes along with the status quo.

Originally Posted by Swiper

So you want politicians to make more laws? i want a politicians to repeal laws.

he got the audit the fed. bill passed. He's one man up against 534 corrupt big govt politicians.

it's nothing but a symbolic gesture to appease him on his way out of politics, the odds of it getting passed in the Senate are slim. an audit is nothing more than an evaluation it will change nothing. the 2011 GAO Audit of the Fed's recession recovery involvement was part of the Frank-Dodd Act. and it showed us that 16T in USD (on top of TARP monies) was secretly given out to banks and large firms, most of it went to those that caused the problem and the low paid US workers get to reap the rewards of that monetary inflation and recession. anything close to an accurate audit would only reveal much more of that.

central banks have been part of the US for roughly 200 years almost the entire lifespan of the country since 1776. it would be nice to believe there was a chance of the US regaining it's sovereignty but that is highly unlike. england was under the control of the central banking system for over 300 years. they finally regained control of their central bank in the mid 1990's. no doubt reward for serving up the US on a silver platter to the international money lenders.

JFK is the only person in US history that actually stood up to them and we all know how that turned out and he was a somebody. Ron Paul is a nobody what do you think would happen to him?

Originally Posted by Swiper

silly me. i always thought it was the massive govt spending, especially from the huge military expansion from the cold war in the Reagan admin.

So how do you explain the increased revenue that was a direct result from the Bush tax cuts?

"According to historical tables published by the Office of Management and Budget, government revenue shot higher after the Bush tax cuts were enacted. Total federal government receipts rose from $1.782 trillion in 2003 to $2.567 trillion in 2007 ? an increase of $785 billion, or 44 percent. In 2007, the federal deficit shrank to $160 billion"

those tax cuts obviously had some effect because the top earners received the majority of the tax benefits. but the OMB's position is not that of the top economists, the IMF , FRB or even the national association of realtors. during the manufactured (it occurred via financial deregulation and low rates out of the FED not from real income growth) housing boom depending on the metro area investors and speculators accounted for 25-45% of of those sales and loans. that being the case those tax cuts helped to make the housing bubble bigger

100's of billions in equity every year from middleclass home owners were extracted to fuel excess consumption in the 2000's. wages for the middle-class increased at the lowest rate in 70 years during this period. any modest increases were absorbed by increasing energy costs, food, healthcare or housing. 100% of the gains in income went to the top 1%.

Housing Bubble?s Fate, Is Banking System?s Destiny (only 6 pages)
http://www.larouchepub.com/eiw/publi...48_ecolede.pdf

Housing markets and economic growth: lessons from the US refinancing boom (only 9 pages)
http://www.bis.org/publ/qtrpdf/r_qt0209e.pdf

This graph shows the explosion in household debt in the US since the 80's finally peaking in '08 at 100% of GDP
Household Sector: Liabilities: Household Credit Market Debt Outstanding (CMDEBT) - FRED - St. Louis Fed

and from the St Louis Fed - How long will it take US homeowners to de-leverage? A LONG TIME (page 23)

• Suppose we think of 58.4 percent as the ?normal? loan-to-value ratio.
• U.S. homeowners have about $9.8 trillion in debt outstanding against $490 billion of equity.
• To get back to the normal LTV, households would have to pay down mortgage debt by about $3.8 trillion, about one-quarter of one year?s GDP.
• This will take a long time. It is not a matter of business-cycle frequency adjustment.

On page 23 from the St. Louis FED
http://research.stlouisfed.org/econ/...e2012Final.pdf

and then factor in the EU slipping deeper into recession which will eventually hit the US. the FED has already exhausted it's tiny bag of tricks there is not one single thing policy can do to prevent it or aid in recovery of the EU or the US. the top down grants of QE do not stimulate consumption. Tim Geithner made a comment the other month he stated that they "should have bailed out everyone".

Originally Posted by troubador

Provide a link showing they are "fully" audited since everything I've read states otherwise.

The fed is fully audited. What that lunatic Ron Paul wants is to disrupt the internal operations and negotiations of the Fed by micromanaging it--monitoring every aspect of the Fed in the 'noble' cause of transparency. That's because Ron Paul is insane. He wants to end the Fed. In fact, he wrote a crappy book with that title. If he can't end it, he'll try to ruin it from other avenues.

He thinks the Fed is the cause of all our financial woes and a return to the gold standard will give us a true form of money...without the smell or cleanup. No country on earth has a monetary system based on the gold standard. Why is that? Don't look to Ron Paul or that insane asylum called the Von Mises Institute. Why? B/c neither comprehends modern economics. It's been gone for over 40 years...let it go.

FRB: Does the Federal Reserve ever get audited?

There's your link.

Stop reading uninformed opinions. Why are all the kooks in the right wing? Even William "hammer and sickle" Buckley wondered why the right wing attracts all the loons.

Does the Federal Reserve ever get audited?

Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

• The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities.
• The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Office of Inspector General (OIG).
• The Board's OIG audits and investigates Board programs and operations as well as those Board functions delegated to the Reserve Banks. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board's Annual Report. (Before 2002, the reviews were listed in the Board's Annual Report: Budget Review.)
• The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.
• Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends, as well as provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."

In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.
See our audit page for more information on all of the above audits and more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.

Looks like a cover up to me! All the Jew bankers are secretly debasing our money thereby stealing it!

Maybe Ron Paul is right? Hmmm

Originally Posted by Jimmyusa

lol, at least you got that right, I am a man. I can disagree with someone with out being a condescending fucken dick head when I make my point. You prove you cannot. It's hilarious how wound up you got over negative rep points, lol, YOU ARE SERIOUSLY INSECURE.
Future reference, If you actually have something real to contribute to this board or any where in life, don't be so ate up with your false superiority complex to actually communicate in a civil manner, you define douchebag. lol.

You're a child. Negging people to voice your displeasure, is that how you play? Why not try holding your breath in the corner? That'll show everyone you mean business. I mean look at how you compose a paragraph: Ungrammatical structure, misspellings, sentence fragments...whatever point you are trying to convey is seriously damaged by your dull normal manner of expression.

Now leave this area. I'm tired of slapping you around in this chit chat room.

Originally Posted by Decker

The fed is fully audited. What that lunatic Ron Paul wants is to disrupt the internal operations and negotiations of the Fed by micromanaging it--monitoring every aspect of the Fed in the 'noble' cause of transparency. That's because Ron Paul is insane. He wants to end the Fed. In fact, he wrote a crappy book with that title. If he can't end it, he'll try to ruin it from other avenues.

He thinks the Fed is the cause of all our financial woes and a return to the gold standard will give us a true form of money...without the smell or cleanup. No country on earth has a monetary system based on the gold standard. Why is that? Don't look to Ron Paul or that insane asylum called the Von Mises Institute. Why? B/c neither comprehends modern economics. It's been gone for over 40 years...let it go.

FRB: Does the Federal Reserve ever get audited?

There's your link.

Stop reading uninformed opinions. Why are all the kooks in the right wing? Even William "hammer and sickle" Buckley wondered why the right wing attracts all the loons.

Does the Federal Reserve ever get audited?

Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

• The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities.
• The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the Office of Inspector General (OIG).
• The Board's OIG audits and investigates Board programs and operations as well as those Board functions delegated to the Reserve Banks. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board's Annual Report. (Before 2002, the reviews were listed in the Board's Annual Report: Budget Review.)
• The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.
• Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends, as well as provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."

In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.
See our audit page for more information on all of the above audits and more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.

Your link even shows they are not fully audited.

Like I posted before...
"The Fed's financial statements are audited annually, but the Fed's monetary policy operations are exempt from audit. Congress investigative arm, the Government Accountability Office (GAO), currently is prohibited by law from examining discount window and open market operations; agreements with foreign governments and central banks; and Federal Open Market Committee (FOMC) directives."

"Stop reading uninformed opinions. Why are all the kooks in the right wing?"

^Irony - About half the dems voted for it.

riddle me this...

if bain owns crc health and mitt makes huge profits off bain still... is mitt going to be making money off the huge ass methadone clinic bain's crc health is opening in warren maine?

How Mitt Romney's Bain Capital is holding a small Maine town hostage

at least 75 percent of those patients will have their treatment paid for by mainecare, our state tax funded healthcare system.

i'm betting crc health rakes in a lot of welfare money wherever it sets up shop.

we are trying to cap welfare methadone at 2 years... will that stand if big companies like bain are profiting from it???

when the town of warren stood against the clinic being in their town bain threatened to sue them claiming it was discrimination against the poor disabled drug addicts.

why would a president get tough on welfare spending when he makes money off of it?


things that make you go hmmmmmm.

someone please draw a cartoon of welfare dollars trickling into Romney's pocket. he's clever, i will give you that.

Originally Posted by Little Wing

someone please draw a cartoon of welfare dollars trickling into Romney's pocket. he's clever, i will give you that.

I'm sensing a lot of jealously of romneys wealth. get over it.....

Originally Posted by Swiper

I'm sensing a lot of jealously of romneys wealth. get over it.....

it has nothing to do with that whatsoever. find a real argument.

and btw he's not that rich, he's chump change. The Richest People in America - Forbes

look at this article... even the people on page 40 have more money than he does.

Originally Posted by Swiper

I'm sensing a lot of jealously of romneys wealth. get over it.....

That's the exact same statement that the right made about the occupy movement.

Tell me, what do you get besides a lot of heartache carrying their bucket of spit for them ?

romney hater, "he is a real scumbag"

romney supporter, "you're just jealous of his wealth"

maybe people say that because there is NO WAY to successfully argue that the guy is not a real scumbag.

Originally Posted by IronAddict

That's the exact same statement that the right made about the occupy movement.

Tell me, what do you get besides a lot of heartache carrying their bucket of spit for them ?

Occupy movement had some good points. i agree with them on getting rid of corporate welfare.

unlike you, i don't hate people strictly because of their wealth. i really don't care how much money people have. i don't judge them on their wealth. i see all people of all races as individuals and judge them on character.

Originally Posted by Swiper

Occupy movement had some good points. i agree with them on getting rid of corporate welfare.

unlike you, i don't hate people strictly because of their wealth. i really don't care how much money people have. i don't judge them on their wealth. i see all people of all races as individuals and judge them on character.

Oh, I get it. But you can try to judge me, yet you don't know even me from Adam, right ?


And If that last statement were true, you wouldn't vote republican.

Originally Posted by IronAddict

Oh, I get it. But you can try to judge me, yet you don't know even me from Adam, right ?


And If that last statement were true, you wouldn't vote republican.

you're right. i did vote for a republican, in the primaries, his name is Ron Paul. And proud of it.

when you bash someone on their wealth everyday it's kind of hard not to think you hate them because of of it.

Originally Posted by Swiper

Occupy movement had some good points. i agree with them on getting rid of corporate welfare.

unlike you, i don't hate people strictly because of their wealth. i really don't care how much money people have. i don't judge them on their wealth. i see all people of all races as individuals and judge them on character.

i highly doubt this. i really don't care how much money anyone has i care about their character and it would not even OCCUR to me to say anyone's opinion was formed on jealousy.

Originally Posted by Swiper

you're right. i did vote for a republican, in the primaries, his name is Ron Paul. And proud of it.

when you bash someone on their wealth everyday it's kind of hard not to think you hate them because of of it.

i'm bashing him for his scumbaggery. it's not my fault that he commits most of it in the name of profits. people get sick of me bashing him but damn... he has SO many facets to his douchebaggery and that's not my fault either. i don't hate him cuz he has money i hate him cuz he'd fucking cut our throats to get more without batting an eye.

Originally Posted by Swiper

you're right. i did vote for a republican, in the primaries, his name is Ron Paul. And proud of it.

when you bash someone on their wealth everyday it's kind of hard not to think you hate them because of of it.

Never once have you heard me judge that horrible human being because of how much money he has. A pig is a pig because of his actions, not because of his wealth.

And just for the record, I dislike any and all politicians, even ron paul!

Originally Posted by Swiper

unlike you, i don't hate people strictly because of their wealth. i really don't care how much money people have. i don't judge them on their wealth.

I hear this one all the time. Nobody is hating Mitt Romney because he has a lot of money, they hate him because of the way he made it. The way he made money is one of the primary reasons the country is where it is and why the middle class is gone. On top of this he has basically dodged taxes. Even if you taxed someone making $17k a year 20% in taxes you wouldn't even touch the debt or deficit. If people like Mitt Romney paid 20% in taxes you could lower the rates for people in the middle/upper-middle class. They complain that the tax rate is too high all the while paying nowhere near that rate. If they lowered the highest rate to 30% do you believe Mitt Romney would start paying that rate when he already pays less than 14%?

And what do you think Romney would do about regulation? He would gut the shit out of them. I would love for it to be a perfect world where banks could make good loans and not fuck people over. It would also be nice if regular people could make sound financial decisions about purchasing a house or taking out a loan. We don't live in that world, people are stupid and our brand of capitalism is a "Fuck over the little guy" type of system. Think about it for a bit. The Fed is basically giving banks money at 0% who are turning it round and loaning it out to us at 3-5% if you're lucky. Now, where does the magical money the fed prints out come from? Well, since it is essentially the federal government's money...and the federal government's primary source of revenue is taxes...you do the math.

And what about oil subsidies? If I want to buy a house but can't afford it I'm on my own but if Exxon wants to explore for oil we can give them billions of tax dollars to look for it? What, there's not enough profit in oil for them to put out their own money? We sure as hell aren't giving them money to create jobs.

I don't think Obama has been a terrible failure like the last guy, but I don't think he's been the least bit successful. Honestly, Mitt Romney is far worse than Obama. He is on the wrong side of basically every issue, assuming he's on the side you think he's on because he refuses to take a stance on any issue whatsoever because it would be bad politics. Something the GOP attacked John Kerry for a few years back. How fucking crazy is it that a candidate for the presidency refuses to take a stand on issues because he feels it would prevent him from getting elected?

At this point the system is the problem, it needs to be destroyed. For president, I'm voting for either Ron Paul or Gary Johnson.

Originally Posted by Dale Mabry

I hear this one all the time. Nobody is hating Mitt Romney because he has a lot of money, they hate him because of the way he made it. The way he made money is one of the primary reasons the country is where it is and why the middle class is gone. On top of this he has basically dodged taxes. Even if you taxed someone making $17k a year 20% in taxes you wouldn't even touch the debt or deficit. If people like Mitt Romney paid 20% in taxes you could lower the rates for people in the middle/upper-middle class. They complain that the tax rate is too high all the while paying nowhere near that rate. If they lowered the highest rate to 30% do you believe Mitt Romney would start paying that rate when he already pays less than 14%? I believe Romney and most people would do everything in their power to pay the least amount of taxes possible. As would I. What kind of person wants to give more of their money to the govt.?

And what do you think Romney would do about regulation? He would gut the shit out of them. Good. less govt involvement the better. I would love for it to be a perfect world where banks could make good loans and not fuck people over. It would also be nice if regular people could make sound financial decisions about purchasing a house or taking out a loan. We don't live in that world, people are stupid bingo! that's why people need to be more acountable for their actions and our brand of capitalism is a "Fuck over the little guy" type of system. Think about it for a bit. The Fed is basically giving banks money at 0% who are turning it round and loaning it out to us at 3-5% if you're lucky. Now, where does the magical money the fed prints out come from? Well, since it is essentially the federal government's money...and the federal government's primary source of revenue is taxes...you do the math. I agree, it's called corporate welfare. it's designed to help the big banks and it destroys the poor and middle class. End the fed reserve and go on a gold standard. a new gold standard. not like what we had in the past. it still needs to be figured out, in addition to that, competing currencies.

And what about oil subsidies? If I want to buy a house but can't afford it I'm on my own but if Exxon wants to explore for oil we can give them billions of tax dollars to look for it? What, there's not enough profit in oil for them to put out their own money? We sure as hell aren't giving them money to create jobs. I don't support any kind of subsides.

I don't think Obama has been a terrible failure like the last guy, but I don't think he's been the least bit successful. Honestly, Mitt Romney is far worse than Obama. He is on the wrong side of basically every issue, assuming he's on the side you think he's on because he refuses to take a stance on any issue whatsoever because it would be bad politics. Something the GOP attacked John Kerry for a few years back. How fucking crazy is it that a candidate for the presidency refuses to take a stand on issues because he feels it would prevent him from getting elected? i know i agree.

At this point the system is the problem, it needs to be destroyed. For president, I'm voting for either Ron Paul or Gary Johnson. me too.

but why blame Romney for paying a low tax? I think the people who don't like it should blame the politicians who made the tax laws. He's just following the law. if you were a millionaire you wouldn't do everything possible to pay the least amount of taxes? come on, sure you would.

I too think Romney will be a failure, just like Obama is.

Originally Posted by Decker

You're a child. Negging people to voice your displeasure, is that how you play? Why not try holding your breath in the corner? That'll show everyone you mean business. I mean look at how you compose a paragraph: Ungrammatical structure, misspellings, sentence fragments...whatever point you are trying to convey is seriously damaged by your dull normal manner of expression.

Now leave this area. I'm tired of slapping you around in this chit chat room.

your pathetic, so is your attempt at being witty. Negged you again

Mitt Romney Blasted At RNC By Workers Facing Layoffs Under Bain