Economy
See other Economy Articles
Title: A very secret agent
Source:
A very secret agent
URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html
Published: Jul 27, 2011
Author: Chris Cook
Post Date: 2011-07-28 10:16:46 by lucysmom
Keywords: Fiat Currency, Fed Created Tax Credit
Views: 51387
Comments: 80
There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard.
We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out.
This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee.
Asia Times">Click for Full Text!
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
The federal reserve is unconstitutional. Close it down, put the perps on trial and execute them for fleecing us. I'm saying they should be executed for treason.
Dammit where is Andrew Jackson when we need him.
#2. To: A K A Stone (#1)
The federal reserve is unconstitutional.
Why did several of the Framers of the USCON help to create one?
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
I lurk to see if someone other than Myst or Pookie posts anything...
#3. To: Badeye, A K A Stone, hondo68, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm, Capitalist Eric, Mininggold (#0)
The debt ceiling is a myth because there is no need to borrow to finance public expenditure and the creation of public assets. As Ron Paul points out, the Fed - which is ludicrously receiving interest from the Treasury in order to pay it right back again as profit - could actually waive or tear up the US$1.6 trillion Treasury debt it has bought through quantitative easing (QE), and it would make precisely no difference other than to reduce the National Debt at a stroke by that amount.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#4. To: lucysmom (#3) (Edited)
Economics is religion and the Constitution is explicit on separation of religion and state....;}
http://Zerohedge.com
" Obviously after its default, America will need to issue a "fresh start" currency to go with its "fresh start" balance sheet and "non-fresh start" group of thugs robbing this country's middle class blind de novo.
#5. To: A K A Stone (#1)
The federal reserve is unconstitutional.
Perhaps you are getting the Articles of Confederation confused with the US Constitution?
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#6. To: lucysmom (#5)
The Federal Reserve is Unconstitutional.
As is the 16th Amendment authorizing Income Tax.
W/o which the FedRes is toothless.
#7. To: lucysmom (#5)
The articles of confederation. lol...you are really reaching.
Have you ever actually read the constitution.
It clearly gives congress the power to coin money. No power over our money to the federal reserve.
There have been no constitutional amendments so that power remains.
No they are not constitutionally allowed to convert to paper money and hand the task over to a private enterprise.
#8. To: A K A Stone (#7)
Have you ever actually read the constitution.
Yes. When I was a kid, we not only were required to read the Constitution, we had to pass a test on the Constitution to go on to high school.
It clearly gives congress the power to coin money. No power over our money to the federal reserve.
And the Federal Reserve is a creation of Congress.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#9. To: mcgowanjm (#6)
The Federal Reserve is Unconstitutional.As is the 16th Amendment authorizing Income Tax.
An amendment can't be unconstitutional, because it's an amendment to the constitution. Agreed, it's a bad amendment but it's not unconstitutional.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
#10. To: lucysmom (#8)
And the Federal Reserve is a creation of Congress.
Congress has a 2 year term.
They didn't ammend the constitution.
Congress still has the power to coin money and regulate the money thereof.
Passing the buck to a private enterprise is not authorized in the constitution.
Be honest with yourself and read the words as they are truly written. It is unconstitutional.
I'm still waiting on your reply on the other thread about how well you knew the man with the million dollar mortgate.
#11. To: lucysmom (#0)
We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out.This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee.
So in your estimation, the coffers if US treasury are filled to the brim and Ben Bernake is a credible puppet?
Please clarify, Loo-Loo.
Thanks.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#12. To: war (#2)
The federal reserve is unconstitutional.Why did several of the Framers of the USCON help to create one?
HUH??
I had NO frickin' idea the "Framers of the USCON" helped create the Federal Reserve.
When did this happen??
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#13. To: Liberator (#12)
I had NO frickin' idea the "Framers of the USCON" helped create the Federal Reserve.
FRB is a Central Bank as was The First Bank of the United States which was chartered in 1791.
America...My Kind Of Place...
"I truly am not that concerned about [bin Laden]..."
--GW Bush
"THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!"
--Sarah Palin's version of "The Midnight Ride of Paul revere"
I lurk to see if someone other than Myst or Pookie posts anything...
#14. To: A K A Stone (#10)
Be honest with yourself and read the words as they are truly written. It is unconstitutional.
Our founding fathers from the South agreed with you, however the bill creating the first Bank of the United States was passed and signed into law by George Washington, himself.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#15. To: Liberator (#11)
Please clarify, Loo-Loo.
This is a different way of looking at money for me too.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#16. To: lucysmom, a k a stone, war, mcgowanjm, no gnu taxes, skip intro, brian s (#0)
This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee.
David Frum asked the other day "what are Republicans going to get out of this debt ceiling stand-off that they can't get in the appropriations process in the fall?" Nobody has a good answer. At this point even the Boehner plan makes almost no cuts to spending in 2012.
There was no need for this "crisis", the GOP could have passed a short-term debt ceiling extension earlier this year and fought the spending/budget cut battles in the fall - without damaging markets and investor confidence and without potentially sending the country into a severe recession.
Tagline for sale - inquire within
#17. To: go65 (#16)
There was no need for this "crisis", the GOP could have passed a short-term debt ceiling extension earlier this year and fought the spending/budget cut battles in the fall - without damaging markets and investor confidence and without potentially sending the country into a severe recession.
Republicans are more interested in destroying Obama than they are in the welfare of the country.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#18. To: lucysmom (#3)
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
The fact that you not only accept such nonsense as truth,but even think it is profound truth says a lot about you.
What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."?
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
#19. To: lucysmom (#15)
This is a different way of looking at money for me too.
That's encouraging.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#20. To: lucysmom (#17)
Republicans are more interested in destroying Obama than they are in the welfare of the country.
So destroying the Destroyer who openly calls for the GOP to be shoved into the "back of the bus' is a bad thing?? Whose DoJ regards the majority of Americans as "terrorists"??
0bama NEVER compromises. He's arrogant. He cares not a single damn whit about the USA or capitalism or "America as we know it." He is a D-I-V-I-D-E-R.
Tell me Lucy (or any liberal here at LF) - just how hasn't 0bama helped crater and divide this country the very minute he hijacked the Oval Office??
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#21. To: sneakypete, Lucysmom (#18)
Lucy: "Economics is not about mathematics, it is about the human being."The fact that you not only accept such nonsense as truth,but even think it is profound truth says a lot about you.
What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."?
Lol...That's good.
Lucy, Lucy...Your own checkbook - is THAT about you-the-person, OR the math? Call your bank - they'll clarify the matter for you.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#22. To: sneakypete (#18)
What next,"Engineering ain't about building a safe airplane,it's about the people who fly in the plane. If it gets off the ground."?
Economics is one of the "soft" social sciences. It is by definition, about human behavior.
Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#23. To: mcgowanjm (#6)
As is the 16th Amendment authorizing Income Tax.
Direct taxes must be Constitutionally apportioned to your State by the proportion of your State's representation (Art.1, Sect.2, Clause3 & Art1, Sect.9, Clause4). -- And, NO. The 16th amendment did not change this, the 16th amendment did not alter, add or remove any words from the original constitution, and the US Supreme Court confirmed in Stanton v. Baltic Mining Co. 240 US 103 (1915) that "… the 16th amendment conferred no new powers of taxation"
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:
War is peace.
Freedom is slavery.
Ignorance is strength.
They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.
Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.
This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...
THEIR God... is the STATE.
#24. To: Liberator (#20)
Tell me Lucy (or any liberal here at LF) - just how hasn't 0bama helped crater and divide this country the very minute he hijacked the Oval Office??
Obama did not hijack the oval office, he was elected to that office by a majority of voting Americans in accordance with the rules set forth in the US Constitution.
The country was divided before most of us had ever heard of Obama.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#25. To: lucysmom (#22)
Economics is one of the "soft" social sciences. It is by definition, about human behavior.Engineering is a "hard" physical science. It is about stuff and how stuff works. Human beings can discover how stuff works and use that information to design lots of products that human beings use, but it isn't about human behavior.
Engineering is a concrete science, while economics is mainly abstract. Those who can only think concretely will try to redefine it concrete terms. And will generally be disappointed in the results.
#26. To: Liberator (#21)
Lucy, Lucy...Your own checkbook - is THAT about you-the-person, OR the math?
The fact that I have a checkbook and engage in banking is not due to math, it is an activity totally dependent on my humanness.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#27. To: mininggold (#25)
Those who can only think concretely will try to redefine it concrete terms. And will generally be disappointed in the results.
It's why engineers are not generally known for their social skills.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#28. To: mcgowanjm (#6)
As is the 16th Amendment authorizing Income Tax.W/o which the FedRes is toothless.
The income tax didn't need the 16th amendment to be Constitutional, and the Fed doesn't need the income tax.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#29. To: lucysmom (#24)
Obama did not hijack the oval office...
Ok. He infested it.
He was elected to that office by a majority of voting Americans in accordance with the rules set forth in the US Constitution.
Can you kindly point out the Amendment where it's stated that DEAD PEOPLE, Disney characters, and multiple votes are constitutional?
The country was divided before most of us had ever heard of Obama.
I agree. I don't think the USA is or can be one "nation" any longer.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#30. To: lucysmom (#26)
The fact that I have a checkbook and engage in banking is not due to math, it is an activity totally dependent on my humanness.
Banking is "math." HELLO.
#1. To: Goldi-Lox (#0) I used the wrong link. yukon posted on 2011-03-27 1:40:47 ET
#31. To: Liberator (#30)
Banking is "math." HELLO.
Keeping track of how much money I have in my account is math; that I have an account, where I have it, how I spend the assets in my account, etc. is purely human.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#32. To: lucysmom (#22) (Edited)
It is by definition, about human behavior.
No,it is about numbers.
If it were about human behavior,it would be called sociology.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
#33. To: sneakypete (#32)
If it were about human behavior,it would be called sociology.
Economics is a social science.
Definition of ECONOMICS
a: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#34. To: lucysmom (#27)
It's why engineers are not generally known for their social skills.
Is that why nobody likes me except my dog?
#35. To: Fred Mertz (#34)
Is that why nobody likes me except my dog?
Now, now, Fred - people DO like you.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#36. To: lucysmom, Fred Mertz (#35)
Now, now, Fred - people DO like you.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
#37. To: lucysmom (#22)
Economics is one of the "soft" social sciences. It is by definition, about human behavior.
Yeah, I used to say similar things, too... about 20 years ago, before I started to get more educated on the subject.
Economics IS about the accurate modeling of human behavior.
If you have two products that are priced the same, where one has a higher level of (perceived) quality or utility over the other, than people will pick the one with the higher perceived value.
While the field of economics cannot accurately determine the behavior of a single individual, it is extremely useful is predicting aggregate human behavior. Depending on the model used, the accuracy can be quite amazing.
In this way, it is a science- as repeatable and useful as one of the "hard" sciences, like mechanical or electronic engineering.
And I guarantee you- the field of economics is involved in your life every single day... when you buy a loaf of bread, when you put gas in your car, when you shop on amazon.com or craigslist.org, when you sell your used books at the local bookstore, or when you're sitting on your couch watching TV or listening to the radio... It's all around you, EVERY day...
You seem to have this naive belief that economic theory doesn't matter or affect you. And that belief is utterly false.
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:
War is peace.
Freedom is slavery.
Ignorance is strength.
They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.
Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.
This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...
THEIR God... is the STATE.
#38. To: Capitalist Eric (#37)
You seem to have this naive belief that economic theory doesn't matter or affect you. And that belief is utterly false.
Really? How many years of study did it take you to grasp that little factoid?
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#39. To: lucysmom (#38)
Really? How many years of study did it take you to grasp that little factoid?
I've ALWAYS known that.
You're a simpleton who preaches against the LAWS of economics, and instead demand that the STATE give you yours, regardless of who they have to steal it from.
YOU encourage thievery and extortion, 'cause "I want MINE..."
You don't give a SHIT about anybody but yourself...
And you're not WORTH a shit, because of THAT "little factoid."
It used to be the leftists that had bumper-stickers that said things like "Question Authority.' Today they follow slogans from 1984:
War is peace.
Freedom is slavery.
Ignorance is strength.
They blindly LOVE Big Brother. They believe competition, pride & profiting from ones labor, are evil things to be banished.
Stephen King observed, "The beauty of religion mania is that it has the power to explain everything... [so] logic can be happily tossed out the window.
This describes socialists. They will ignore logic and "common sense." They will ignore REALITY. Because THEY are religious zealots...
THEIR God... is the STATE.
#40. To: Capitalist Eric (#39)
You don't give a SHIT about anybody but yourself...And you're not WORTH a shit, because of THAT "little factoid."
If that's the way you see me then that's what's true for you.
It is a pity - you claim to have so much and yet are so angry.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
#41. To: lucysmom (#33)
a: a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services
You must be promoting slavery.
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
.
.
.
Comments (42 - 80) not displayed.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]