The Collapse of The American Dream Explained in Animation

[Cassandros]

Best thirty minutes ever.

The red and blue divide is to keep us distracted from who the real enemy is.

If you are unsure who that is, in half an hour you will know.

[Who]

I prefer SouthPark and FamilyGuy

[Cassandros]

Easy to blame the banks when you’re ignorant on financial matters. And coincidentally enough, the public schools don’t require personal finance courses

It’s a Festivus miracle!!

You don't see the inherent issue with borrowing the entirety of our currency from a private entity; and having to repay that debt with interest?

[Who]

And what happens to the interest you are paying back?

[HighNDry]

Best thirty minutes ever.

The red and blue divide is to keep us distracted from who the real enemy is.

If you are unsure who that is, in half an hour you will know.

Isn’t there a separate forum for this horse shit?

[Cassandros]

Best thirty minutes ever.

The red and blue divide is to keep us distracted from who the real enemy is.

If you are unsure who that is, in half an hour you will know.

Isn’t there a separate forum for this horse shit?

What makes it horseshit?

[Cassandros]

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

[FreakShowFanatic]

Best thirty minutes ever.

The red and blue divide is to keep us distracted from who the real enemy is.

If you are unsure who that is, in half an hour you will know.

Isn’t there a separate forum for this horse shit?

What makes it horseshit?

Don't listen to that fool. It was on point. Good job bro.

[HighNDry]

Awww, FSF made a friend.

[Who]

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

[FreakShowFanatic]

Awww, FSF made a friend.

After your mother was done sucking my dick she told me not to listen to you because you are a loser and a weasel. Go find another place to post you ignorant scumbag. Your own mother is ashamed of you & I don't blame her you cock sucking loser.

[HighNDry]

Awww, FSF made a friend.

After your mother was done sucking my dick she told me not to listen to you because you are a loser and a weasel. Go find another place to post you ignorant scumbag. Your own mother is ashamed of you & I don't blame her you cock sucking loser.

87C9F1A7-045B-4D94-AE27-3AD2C3914962.png

[Cassandros]

Don't listen to that fool. It was on point. Good job bro.

/nods

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

[Charliesheen]

I thought JFK was capped for messing with Joltin' Joe's ex girlfriend.

First I've ever heard of that executive order.

[necronomous]

Don't listen to that fool. It was on point. Good job bro.

/nods

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

How is the bank, even this evil private institution, at fault for the government deciding to overspend and desiring the need to borrow more money because they cant tax people enough, not even the rich, to pay for everything. Not only that, but know it and still do it. Also who else would they borrow from to pay for all this government corruption. Not like they can go to your house where you would set more fair terms to borrow billions. It's the government, not the bank.

[Cassandros]

How is the bank, even this evil private institution, at fault for the government deciding to overspend and desiring the need to borrow more money because they cant tax people enough, not even the rich, to pay for everything. Not only that, but know it and still do it. Also who else would they borrow from to pay for all this government corruption. Not like they can go to your house where you would set more fair terms to borrow billions. It's the government, not the bank.

Oh, the government is absolutely at fault!! They allow private industry to dictate public policy constantly. In this particular case, regarding the federal reserve, they sidestepped the Constitution by creatively interpreting Congresses ability to "borrow"- the idea of borrowing money was to do so from other governments in times of extreme need (like war)- and to pay off those debts as quickly as possible. Since 1913 the government has instead borrowed money from a private institution with no real intention of ever paying off the debt (hence why they practice base line budgeting; as well as punishing departments who are under budget and rewarding offices that go over budget).

Here is the rub, the true crux of situation, this monetary system is what empowers corruption. Instead of having money as a finite resource, were Congress has to really consider what to spend money on and what to not spend money on; the system allows them to spend money on everything; this is why we have so many new offices, why a law passed always have provisions for things that have nothing to do with the actual bill, why the budget is always going up and the debt ceiling is always raised, and why we have the multitudes of industrial complexes that oppress people both here at home and around the world--> they all fed from this machine.

If you want to get control of the government and put it back in the hands of the people, the first step is killing the debt machine.

[AnalHamster]

Don't listen to that fool. It was on point. Good job bro.

/nods

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

The federal reserve is independent, not private. Money is printed by the Treasury department, which is not the same thing. Treasuries are sold on the open market, those too are issued by the treasury department and the biggest buyers are foreign governments.

[HighNDry]

Best thirty minutes ever.

The red and blue divide is to keep us distracted from who the real enemy is.

If you are unsure who that is, in half an hour you will know.

Isn’t there a separate forum for this horse shit?

What makes it horseshit?

It’s clearly political, so it should be in the political forum.

[AnalHamster]

I agree so I moved it.

[Who]

Hamster using his mod powers, that’s hot

[AnalHamster]

Obsession with the fed coupled with total ignorance of what it is and does are classic hallmarks of the conspiracy nut.

[Cassandros]

Not sure if something that affects Americans directly regardless of political parties is political, but fair enough.

Thanks for the move.

Don't listen to that fool. It was on point. Good job bro.

/nods

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

The federal reserve is independent, not private. Money is printed by the Treasury department, which is not the same thing. Treasuries are sold on the open market, those too are issued by the treasury department and the biggest buyers are foreign governments.

While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. An interesting side note, the Board of Governors currently has only 2 members for seven chairs.

The difference between a United States (Treasury) Note and a Federal Reserve Note is that a United States (Treasury) Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. Federal Reserve notes are legal tender currency notes.

These currency notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks and obligations of the United States. Liabilities are offset by assets- banks create assets through loans. Because of bank protections these loans are often risky, which exacerbates the problem.

The more money in the money supply, the less buying power each individual note has (under the guise of inflation).

Hence:
“Paper money eventually returns to its intrinsic value -- zero.”
~ Voltaire

[AnalHamster]

Not sure if something that affects Americans directly regardless of political parties is political, but fair enough.

Thanks for the move.

I think central reserve currency policy is pretty political, other users seemed to agree. It's not like its a rule anyone is going to get bent out of shape over, just a neatness thing.

Don't listen to that fool. It was on point. Good job bro.

/nods

And what happens to the interest you are paying back?

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

The federal reserve is independent, not private. Money is printed by the Treasury department, which is not the same thing. Treasuries are sold on the open market, those too are issued by the treasury department and the biggest buyers are foreign governments.

While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. An interesting side note, the Board of Governors currently has only 2 members for seven chairs.

The difference between a United States (Treasury) Note and a Federal Reserve Note is that a United States (Treasury) Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. Federal Reserve notes are legal tender currency notes.

These currency notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks and obligations of the United States. Liabilities are offset by assets- banks create assets through loans. Because of bank protections these loans are often risky, which exacerbates the problem.

The more money in the money supply, the less buying power each individual note has (under the guise of inflation).

Hence:
“Paper money eventually returns to its intrinsic value -- zero.”
~ Voltaire

A federal reserve note is aka a dollar bill. The actual currency. Voltaire was provably wrong, fiat currencies do in fact work, you can tell because you use one every day. Hyperinflation is a problem caused by policy decisions to print limitless amounts, that's something the federal reserve is there to stop, not do.

The fed is an institution created by a bill and overseen by congress. You stated it was a private institution and that is wrong. You seem to think it lends all the money the US government borrows and that is also wrong. It actually turns a profit and gives that money to the treasury. Do you understand that those things you thought were wrong? Are you capable of acknowledging them being wrong? Yet again we are in the situation where you believed a set of false facts, based opinions (not your own originally) on those false facts and now instead of rethinking when your foundations crumble you are just looking for something new to base the same conclusions on. Can you see the flaw in your thinking process here?

[Cassandros]

Not sure if something that affects Americans directly regardless of political parties is political, but fair enough.

Thanks for the move.

I think central reserve currency policy is pretty political, other users seemed to agree. It's not like its a rule anyone is going to get bent out of shape over, just a neatness thing.

Don't listen to that fool. It was on point. Good job bro.

/nods

Interest paid on a loan goes back to the lender.

Interestingly enough, if you pay the minimum of your debt month to month, year to year, you end up paying many times over the original loan amount due to said interest.

have you ever entertained the idea that banks are in the business to make money?

Sure.

But certainly you can see the difference between your local branch offering its customers interest to use their money to make loans which, ideally, help create innovations and economic growth; and the Country as a whole borrowing Hundreds of Billions (actually now about a Trillion) a year from a private entity.

The federal reserve is independent, not private. Money is printed by the Treasury department, which is not the same thing. Treasuries are sold on the open market, those too are issued by the treasury department and the biggest buyers are foreign governments.

While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. An interesting side note, the Board of Governors currently has only 2 members for seven chairs.

The difference between a United States (Treasury) Note and a Federal Reserve Note is that a United States (Treasury) Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. Federal Reserve notes are legal tender currency notes.

These currency notes are then put into circulation by the Federal Reserve Banks, at which point they become liabilities of the Federal Reserve Banks and obligations of the United States. Liabilities are offset by assets- banks create assets through loans. Because of bank protections these loans are often risky, which exacerbates the problem.

The more money in the money supply, the less buying power each individual note has (under the guise of inflation).

Hence:
“Paper money eventually returns to its intrinsic value -- zero.”
~ Voltaire

A federal reserve note is aka a dollar bill. The actual currency. Voltaire was provably wrong, fiat currencies do in fact work, you can tell because you use one every day. Hyperinflation is a problem caused by policy decisions to print limitless amounts, that's something the federal reserve is there to stop, not do.

The fed is an institution created by a bill and overseen by congress. You stated it was a private institution and that is wrong. You seem to think it lends all the money the US government borrows and that is also wrong. It actually turns a profit and gives that money to the treasury. Do you understand that those things you thought were wrong? Are you capable of acknowledging them being wrong? Yet again we are in the situation where you believed a set of false facts, based opinions (not your own originally) on those false facts and now instead of rethinking when your foundations crumble you are just looking for something new to base the same conclusions on. Can you see the flaw in your thinking process here?

/facepalm

Here is a three minute crash course in reality.



Though, I bet you didn't watch the first video, and you likely won't watch the second.

When the federal reserve 'pays the Treasury' it is repaying the Treasury bonds that started the process. A process that actually puts much, MUCH more money into the money supply than it originally creates (which is evident if you can be bothered to watch the video). More money in supply, less buying power, and in the end--> Voltaire is right. The federal reserve is an impressive machine, lasting longer than other fiat currency machine by a good margin- but only a fool thinks it will last forever.

[AnalHamster]

A federal reserve note is aka a dollar bill. The actual currency. Voltaire was provably wrong, fiat currencies do in fact work, you can tell because you use one every day. Hyperinflation is a problem caused by policy decisions to print limitless amounts, that's something the federal reserve is there to stop, not do.

The fed is an institution created by a bill and overseen by congress. You stated it was a private institution and that is wrong. You seem to think it lends all the money the US government borrows and that is also wrong. It actually turns a profit and gives that money to the treasury. Do you understand that those things you thought were wrong? Are you capable of acknowledging them being wrong? Yet again we are in the situation where you believed a set of false facts, based opinions (not your own originally) on those false facts and now instead of rethinking when your foundations crumble you are just looking for something new to base the same conclusions on. Can you see the flaw in your thinking process here?

/facepalm

Here is a three minute crash course in reality.



Though, I bet you didn't watch the first video, and you likely won't watch the second.

When the federal reserve 'pays the Treasury' it is repaying the Treasury bonds that started the process. A process that actually puts much, MUCH more money into the money supply than it originally creates (which is evident if you can be bothered to watch the video). More money in supply, less buying power, and in the end--> Voltaire is right. The federal reserve is an impressive machine, lasting longer than other fiat currency machine by a good margin- but only a fool thinks it will last forever.

No, voltaire is still wrong. The US currency is stable. As are the vast majority of all other fiat currencies around the world, hyperinflation events are always easily explainable in terms of policy choices those governments made. You have more false statements for you to fail to acknowledge- when the federal reserve 'pays the treasury' it is not 'repaying treasury bonds'. It is giving its profits to the treasury. It turns a profit. The US does not have the longest lasting fiat currency, the UK does.

Here are some questions you dodged. I don't expect you to answer them this time either, but at least try to ask yourself why you cannot answer.
1) You stated the fed is private, it is not. Are you able to grasp this?
2) You stated repeatedly the fed loans all the money the government borrows, it simply doesn't. Are you able to grasp this?