Anyone have any thoughts on the Fed and 16 Trillion?

[JuiceTheGator]

I don't even know where to start. The Fed has become the world banker - as always that's for profit as well.

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium

Hey Potzer - read this and give us a report will ya? GAO Fed Investigation

The nebulous and secretive nature of the Fed is why Ron Paul has so many supporters. The other candidates could steal his thunder - and yet they don't want to rock THAT all powerful boat.

[potzer25]

The fed?

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war.

Of course nobody that has a real chance of winning wants to take on the Fed...

[olympicoscar]

Global problems related to money, and environmental problems (not necessarily global warming) are the biggest problems we face, not our own economy. Overpopulation, deforestation, soil erosion, pollution, and the desire of the 3rd World to have 1st World living standards are more of a threat to the future than anything else.

In addition, if the Euro collapses, it won't matter who's president. Then you'll find out the difference between a recession and a depression.

[potzer25]

http://www.nytimes.com/2012/01/11/bu...sury.html?_r=1

[potzer25]

Guest Post: Charting The Federal Reserve's Assets - 1915-2012 | ZeroHedge

[JuiceTheGator]

I believe the red area to be mostly mortgage backs. The Fed bought all the failing mortgage bonds from banks to save their asses. They'll print $ to pay themselves back and, thus, "monetize" the problem by taking the money from us all via dilution.

This one is a bit older but lets you interact a bit: A Look Inside the Fed’s Balance Sheet - Real Time Economics - WSJ

[ForkEmBucky]

Originally Posted by potzer25

The fed?





Of course nobody that has a real chance of winning wants to take on the Fed...

rep

Make sure you never suggest going back to the gold standard. That'd be suicide.

[ForkEmBucky]

Originally Posted by olympicoscar

Global problems related to money, and environmental problems (not necessarily global warming) are the biggest problems we face, not our own economy. Overpopulation, deforestation, soil erosion, pollution, and the desire of the 3rd World to have 1st World living standards are more of a threat to the future than anything else.

In addition, if the Euro collapses, it won't matter who's president. Then you'll find out the difference between a recession and a depression.

Agreed. This planet can't support an entire world living our consume and trash lifestyle. If they even reach China's level, we'd be dead in about a minute.

[JuiceTheGator]

I wouldn't worry about the planet too much. Like economics, it naturally has built in safeguards.

The first really major volcanic eruption, asteroid strike, pandemic etc. that slows global crop growth will eradicate about a billion people in no time at all.

[ForkEmBucky]

Originally Posted by JuiceTheGator

I wouldn't worry about the planet too much. Like economics, it naturally has built in safeguards.

The first really major volcanic eruption, asteroid strike, pandemic etc. that slows global crop growth will eradicate about a billion people in no time at all.

Yep. Actually, if Yellowstone blows, everything that can't live in the oceans will die, and I'd say a lot that lives in the oceans will die too.

[olympicoscar]

Just checked the latest figures. We're only at 15.3 trillion. Relax, smoke a cigarette, book a cruise on the Costa line and buy some General Motors stock. See, you feel better already.

[JuiceTheGator]

Should be 15.350 trillion by the end of the day. U.S. National Debt Clock : Real Time

Our unfunded liabilities should smack about 117.6 TRILLION by the end of the day. Nice.

[olympicoscar]

Originally Posted by JuiceTheGator

Should be 15.350 trillion by the end of the day. U.S. National Debt Clock : Real Time

Our unfunded liabilities should smack about 117.6 TRILLION by the end of the day. Nice.

Maybe a trip to Athens. I hear the tear gas is nice this time of the year. Wake me when it hits 20 trillion. It's coming whether the Dems or Reps are in power.