The Fed gave the banks $16T in accounting entries.

Post #351,194 by Another Scott 11/24/11 12:33:13 PM Reply	The Fed gave the banks $16T in accounting entries. http://www.dailykos....-tothe-Recipients! That "taxpayer money" isn't flooding the economy - it's on ledgers so the banks appear to be solvent. As they actually become solvent again, the Fed will drain that money back out of the banking system. http://www.federalre...anke20100325a.htm It's accounting entries. Not real money as far as the real economy is concerned because it's not circulating. Nice try with the trolling though. ;-) HTH. Cheers, Scott.
Post #351,225 by mmoffitt 11/25/11 8:55:35 AM Reply	Heh. "Real money" We don't have that anymore. We have bits.
Post #351,227 by Another Scott 11/25/11 9:44:43 AM Reply	Yup. Felix said that it should become even less "real" as it's too expensive to exchange coins and bits of paper now. http://blogs.reuters...reliance-on-cash/ Cheers, Scott.
Post #351,243 by mmoffitt 11/25/11 11:55:37 AM Reply	From your link, wtf? For individuals, cash clears at par: if you give me a $100 bill, then IÂm $100 richer and youÂre $100 poorer. No oneÂs going to jump in and charge a fee for facilitating the transaction. And if I then deposit the $100 bill into my checking account, once again I see the full amount appear on my statement. But the fact that most people never get charged for cash transactions is corrosive, in its own way: it helps to impede the inevitable-yet-glacial move away from cash and towards more secure, easier, and cheaper forms of payments. One at a time: more secure B.S. 1: Physical control over something - anything - is always the most secure. With cash, I have that. With a bankster's bits, I don't. Not to mention the non-trivial invasion of my privacy with respect to how I spend my money if I use anything other than cash. easier B.S. 2: Who refuses cash? What's easier than me handing over cash? cheaper B.S. 3: Cheaper for whom? There are no fees associated with my transaction if I use cash and many, many times, I get a discount for using cash. This is true for everything from AvGas to flowers for my wife. This call for the end of cash smacks of "I've got an Econ/Business degree. I can't contribute anything real to society, so I'll charge a fee for everything productive that everyone else does. You gotta let me. It's better. And besides, how am I gonna pay for my Armani if you don't?"
Post #351,244 by boxley 11/25/11 12:13:14 PM Reply	remember the movie popeye? this is what street and the democrats want to do to us http://www.youtube.c...tch?v=g0ahJPxfGp4 Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #351,377 by mmoffitt 11/28/11 10:21:40 AM Reply	I remember what Chase actually did to me.
Post #351,247 by drook 11/25/11 1:01:42 PM Reply	You paid cash for your car? You mail an envelope full of cash to pay your electric bill? Or do you walk to their office each month? -- Drew
Post #351,258 by crazy 11/25/11 3:30:34 PM 11/25/11 3:31:02 PM Reply	Yes, I did. And at one point I'd walk around the corner to the local smoke shop that also acted as a payment center for the electric company (and others) and pay cash. Edited by crazy Nov. 25, 2011, 03:31:02 PM EST Expand All History
Post #351,269 by boxley 11/25/11 6:41:36 PM Reply	thats the way po' folks do it Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 55 years. meep
Post #351,287 by crazy 11/26/11 7:01:19 AM Reply	Yeah, well I lived on eggs (cheapest most digestible cost effective protein) and mac and cheese (box crap) for a few years. I always PRESENTED well though, no matter what the situation. During "job training" when I was about 19, we were in a presentation on how to interview. Large crowd with a single speaker. I was in the front row. I had no experience, a poor high school education (was thrown out about 1/2 way though, but still got a diploma), no training, no nothing. I was a lost cause. Speaker: When you are in an interview situation, you need to appear relaxed and confident, like you are interviewing them, not the other way around. You do NOT need the money. You need to NEVER appear needy or desperate. You MUST sit a certain way, and look a certain way for the best possible impression. He then pointed at me, and said: Do what he is doing right now. It seems like I relax like a rich confident guy when I'm watching an lecture.
Post #351,373 by mmoffitt 11/28/11 10:14:45 AM 11/28/11 10:17:10 AM Reply	The last car I bought, I did. I pay cash for everything I possibly can. Unfortunately, thanks to the bankster class, that isn't everything anymore. The dealer said he could get me 3.0% on a loan. The Credit Union across the street said I could get 2.75% if I filled out all the PII on myself I had available and gave it to them. I told them to FO. I was not about to fill out their 10 page enrollment form at my age. Went to the dealer and said, "I've decided to just pay cash for the car. I've decided the banksters have already gotten enough of my money." The dealer said, "You're damned right they do. And they're not giving any of it back." (Edit: 2nd paragraph added) Edited by mmoffitt Nov. 28, 2011, 10:17:09 AM EST Expand All History

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