In response to:

The Economy Is Not Collapsing, Nor Will Stocks

PatrickHenryThunder_3 Wrote: Apr 10, 2012 12:23 AM
To all, What if it was true that the Federal Income Tax we pay goes to the Federal Reserve Bank, which in turn lends that money to commercial banking institutions at a discount rate, and those banks lend it back to us in the form of "credit cards, mortgages, and other loans" at interest? What if this were true? Find out. Check out the following website (see below): www.constitutionliberty.com Sign up for the Newsletter! Thanks.
D G Wrote: Apr 10, 2012 1:25 AM
The Federal Reserve Board had a surplus in 2011 of about $80 billion, and that amount is paid to the US Treasury. This reduces the deficits.

That is good.

If funding to banks is cheaper, they are more likely to loan money and the economy will grow.

That is good.


The Federal Reserve critics are like Bush Bashers because they have no valid complaints.
David1189 Wrote: Apr 10, 2012 7:22 AM
What surplus?? The Fed is printing new money like crazy. They are monetizing our debt if you'll note QE1,2,&3. In 2011 alone, they bought 61% of the new deficit because the only way other people would absorb the debt is to get more interest. They have laid the foundations to turn us into Zimbabwe and you can only say "That is good???"

The Fed is also acting to artificially pump up the stock market to try to convince people to put their money back in. Thankfully, people are running from that as fast as they can.

Look at the information about the money supply. If that money ever starts to pick up velocity, we're screwed.

Truth will be our savior.

That is good.
D G Wrote: Apr 10, 2012 10:29 AM
What surplus? ....

http://www.federalreserve.gov/newsevents/press/other/20120110a.htm

The Fed maintains a surplus account, and each year the surplus is transferred to the US Treasury.

It is much better for the Fed to buy Treasury Securities than for China to do so.

Try looking at the truth. Be open minded. Beware of propaganda regardless of its source.
Despite the disappointing jobs report for March, it’s very difficult to make a realistic case that the economy is falling off a cliff, or that some kind of double-dip recession is on the way. Or that a Ben Bernanke QE3 is likely.
 
Sure, the 120,000 gain in nonfarm payrolls -- roughly half of expectations -- is causing a downgrade in growth psychology. Ditto for the 31,000 drop in household employment. But if you smooth out these numbers over three months, payrolls have averaged a 212,000 increase, while small-business household jobs are still up a big 415,000.
 
But...