Occupy Dallas

[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]

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.

[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]

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.

[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

[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]

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.

[Broncojohnny]

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.

But it is based on a capital ratio, they don't just get to make all the loans they want.

[mustangguy289]

Everybody just needs to fap.

[Bassics]

http://www.wamucoup.com/

[mstng86]

http://www.wamucoup.com/

Who were you on the old board?

[Broncojohnny]

They'll move to that first, but how much of these treasurys are being pumped by the Fed. People are holding cash in panic mode. They don't know what to do. I am as well, but not because I think it is best, but because I know it'll work for now. If we go deflationary, I'm cleaning house!

The treasurys aren't being pump by the Fed, have you been paying attention the past few weeks? The Fed just made them less attractive and people still buy the shit out of them! Imagine if we were paying a real interest rate on them, something like 4%! Gold would be worth $15 an ounce right now and I'd be buying the shit out of it, lol.

[Denny]

But it is based on a capital ratio, they don't just get to make all the loans they want.

If they stuck to that, 2008 would have been a better year. LOL

[Denny]

Who were you on the old board?

Casper (Scott)

[mstng86]

I say we legalize marijuana. We legalized alcohol during the great depression and it seemed to help us get out of it.

That and you could finally get high legally.