Occupy Dallas

[Denny]

New money is not created through loans. It's a controlled figure. The fed is the only one that 'creates' money. A properly managed fed would not have these problems.

No, if those big banks get to lending, it's a simple call to the Fed. When more money is demanded, it justifies putting more into circulation (Fed's job). Banks get the loan from the Fed for zero or next to zero interest and loan it to us for a few percent. They pay it back to the Fed, the Fed takes its 6% rake (operating costs) and the rest goes back to the Treasury.

THAT is how banks make money.

[CJ]

They get it through the Treasury via the Fed. Mostly just electronic numbers these days.

New money is created all the time through loans and credit.

New money is not created through loans. It's a controlled figure. The fed is the only one that 'creates' money. A properly managed fed would not have these problems.

[Denny]

Use local banks?

That is like saying buy chinese products from mom & pop stores because walmart only sells chinese products.

Who do you think underwrites them?

If you use your credit card you go through two authorizations. One from your branch and one from the processor. If your branch approves you you are good, they are on the hook for it. If they aren't sure they kick it upstairs, and if the principal approves, bam! you just did business with one of the big banks. You know, the ones taking first dibs on the fed's stash.

Small banks can't lend enough to justify the loans from the fed, so they keep very little cash on hand (electronically or otherwise). That is what did Wamu in actually. They were insolvent because they maintained a conservative portfolio. So the smaller your bank, the more agressive and risky they have to be unless they partner with a larger bank, like the big 4.

Right. As it works now. I'm talking in the absence of those central banks (the scenario we were talking about). IF it doesn't go to sticks and stones bartering system overnight. LOL

[Denny]

How in the hell is a private bank going to print money?

They get it through the Treasury via the Fed. Mostly just electronic numbers these days.

New money is created all the time through loans and credit.

[Bassics]

Fuck me...

That doesn't mean shit. These central banks are the ones running the Federal Reserve. They rotate the staff with their own people (through a BS government nomination) and even the head of the Department of Treasury.

Use local fucking banks and credit unions.

Foggy window, my ass.

Use local banks?

That is like saying buy chinese products from mom & pop stores because walmart only sells chinese products.

Who do you think underwrites them?

If you use your credit card you go through two authorizations. One from your branch and one from the processor. If your branch approves you you are good, they are on the hook for it. If they aren't sure they kick it upstairs, and if the principal approves, bam! you just did business with one of the big banks. You know, the ones taking first dibs on the fed's stash.

Small banks can't lend enough to justify the loans from the fed, so they keep very little cash on hand (electronically or otherwise). That is what did Wamu in actually. They were insolvent because they maintained a conservative portfolio. So the smaller your bank, the more agressive and risky they have to be unless they partner with a larger bank, like the big 4.

[Denny]

LOL, it is just an extreme view of what I see happening. None of the asshats in control give two shits about how this country is supposed to be ran from that document. Everyone has their own idea on how it should go, and the person with the most money is the lucky guy that gets to actually be in control.

I wish I had the ammo and immunity to fix it for y'all.

There's no winning it. Live off the grid as much as you can, but there isn't any turning it around without major legislation that no one will ever have the balls to back. Eventually it will all collapse in on itself, country included. Hopefully it will be after my lifetime. I don't have to worry about legacy.

I'm working on the grid detachment now. I try to let it go, but FUCK... I can't shut the fuck up for some reason.

At least people get their daily entertainment from it.

[CJ]

They don't gain anything by it?!?! Do you know JP Morgan holds more in derivatives than the total GDP of the world? Can't play with leveraging without this funny money set-up we have today.

How in the hell is a private bank going to print money?

[Denny]

I completely understand your point on the constitutionality of a centralized bank, and the fed for that matter. Yes, the constitution does not set forth that idea, and many of our founding fathers (Jefferson for instance) were staunchly against it.

However, even in that light I think brandishing this shiny idea of conspiracy over the centralized bank will very quickly put you in the crackpot category for many people. Just the idea of a bank controlling a currency for it's own profits is in itself absurd. Their own holdings, and value is based on that exact currency. They do not gain anything by manipulating it, because any action they take that lessens the value will hurt themselves. And transversely anything shifty and criminal they conspire to do in raising the value benefits the entire country as a whole.

As for TARP, and government intervention into the economy and private industry I am absolutely opposed. In a capitalist economy the government has ZERO business in private industry, and their intervention only weakens it as a whole. TARP should never have happened, period. We would not be in such bad shape right now if all of those banks and companies would have folded, exactly as they would have in a capitalist economy. George W and Washington sold fear to the people in the form of TARP, that was bullshit.

They don't gain anything by it?!?! Do you know JP Morgan holds more in derivatives than the total GDP of the world? Can't play with leveraging without this funny money set-up we have today.

Sad that I'm the only sound of reason when people are blindly backing blatant criminal activity, affecting us all, just because they work for these institutions. Fucking disgusting.

There's no winning it. Live off the grid as much as you can, but there isn't any turning it around without major legislation that no one will ever have the balls to back. Eventually it will all collapse in on itself, country included. Hopefully it will be after my lifetime. I don't have to worry about legacy.

[CJ]

Can't be worse than what is already going on. It could help avoid the obvious conflicts of interest. Do you think all these bail-outs had the country's best interest in mind or the banks?

The Federal Reserve is not supposed to be creating our money anyway. Highly illegal, yet accepted.

It is nothing more than a private bank itself. Congress is the only entity Constitutionally allowed to control our money. Now we have this private, unregulated, unmonitored bank handing out more money than this country can honor for at least the next couple of generations and they tell Congress to fuck off when asked where it goes?

Are you really backing this? I know your job relies on people getting loans, but who is really looking through the poo goggles here?

I completely understand your point on the constitutionality of a centralized bank, and the fed for that matter. Yes, the constitution does not set forth that idea, and many of our founding fathers (Jefferson for instance) were staunchly against it.

However, even in that light I think brandishing this shiny idea of conspiracy over the centralized bank will very quickly put you in the crackpot category for many people. Just the idea of a bank controlling a currency for it's own profits is in itself absurd. Their own holdings, and value is based on that exact currency. They do not gain anything by manipulating it, because any action they take that lessens the value will hurt themselves. And transversely anything shifty and criminal they conspire to do in raising the value benefits the entire country as a whole.

As for TARP, and government intervention into the economy and private industry I am absolutely opposed. In a capitalist economy the government has ZERO business in private industry, and their intervention only weakens it as a whole. TARP should never have happened, period. We would not be in such bad shape right now if all of those banks and companies would have folded, exactly as they would have in a capitalist economy. George W and Washington sold fear to the people in the form of TARP, that was bullshit.

[mstng86]

Fucking shoot me in my fucking head now!

LOL, it is just an extreme view of what I see happening. None of the asshats in control give two shits about how this country is supposed to be ran from that document. Everyone has their own idea on how it should go, and the person with the most money is the lucky guy that gets to actually be in control.

[Mike]

Fucking shoot me in my fucking head now!

I can't shoot a patriot. I'd be more than happy to shoot Mstng86 though.

[Denny]

Denny, are you really going to bring up the constitution? Know one recognizes that piece of toilet paper as a true document this country is bound to operate by.

Fucking shoot me in my fucking head now!

[mstng86]

Can't be worse than what is already going on. It could help avoid the obvious conflicts of interest. Do you think all these bail-outs had the country's best interest in mind or the banks?

The Federal Reserve is not supposed to be creating our money anyway. Highly illegal, yet accepted.

It is nothing more than a private bank itself. Congress is the only entity Constitutionally allowed to control our money. Now we have this private, unregulated, unmonitored bank handing out more money than this country can honor for at least the next couple of generations and they tell Congress to fuck off when asked where it goes?

Are you really backing this? I know your job relies on people getting loans, but who is really looking through the poo goggles here?

Denny, are you really going to bring up the constitution? No one recognizes that piece of toilet paper as a true document this country is bound to operate by.

[Denny]

Dennis, you do sound like a fucking crackpot when you start rambling about this shit. I still like you though.

Sad that I'm the only sound of reason when people are blindly backing blatant criminal activity, affecting us all, just because they work for these institutions. Fucking disgusting.