Chef Jim Posted September 23, 2015 Share Posted September 23, 2015 (edited) So the Board of Governors, which is chosen by the government, answers to the government and has it's mission directed by federal law, is part of the government but the rest isn't? Is that your point? So it's led by a government directed body, pays almost all it's funds to the treasury but the rest is private banks that get told what to do by the the Governors. Ok! a public private system. Whew! Oh and I forgot! Thanks to Greggys video, I'm reminded, they also direct where HUGE amounts of government money will be directed! Thanks for helping me Greggy, you half wit! Ha ha ha!!! What do you mean by "the rest"? That is like saying that because the SEC enforces security industy regulations that the securty industry is part of the U.S. Government. Edited September 23, 2015 by Chef Jim Link to comment Share on other sites More sharing options...
B-Man Posted September 23, 2015 Share Posted September 23, 2015 Link to comment Share on other sites More sharing options...
Tiberius Posted September 23, 2015 Share Posted September 23, 2015 Still no answer to this? Because by law they have to. What do you mean by "the rest"? That is like saying that because the SEC enforces security industy regulations that the securty industry is part of the U.S. Government. The rest of the Fed aside from the board of governors. And no, bad example Glad you did not disagree with the rest of what I said Wow, someone even less intelligent than Greggy posted in this thread, Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 23, 2015 Share Posted September 23, 2015 Because by law they have to. How does the Fed paying a portion of their profits make them a part of the US Government? Is it your contention that anyone who pays part of their profits to the US Treasury are in fact part of the US Government? Is that your argument? Link to comment Share on other sites More sharing options...
Tiberius Posted September 23, 2015 Share Posted September 23, 2015 How does the Fed paying a portion of their profits make them a part of the US Government? Is it your contention that anyone who pays part of their profits to the US Treasury are in fact part of the US Government? Is that your argument?It's not part, it's the vast majority, over 95%. Nice try stupid Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 23, 2015 Share Posted September 23, 2015 It's not part, it's the vast majority, over 95%. Nice try stupid So anyone who pays a portion of their profits to the US Treasury is a part of the US Government? That's really the answer you want to go with? I mean, the law also says my corporation has to pay a large portion of my profits every year to the US Treasury. Does that mean my company is now a part of the US Government? Link to comment Share on other sites More sharing options...
Tiberius Posted September 23, 2015 Share Posted September 23, 2015 So anyone who pays a portion of their profits to the US Treasury is a part of the US Government? That's really the answer you want to go with? I mean, the law also says my corporation has to pay a large portion of my profits every year to the US Treasury. Does that mean my company is now a part of the US Government?God dammit you are an idiot! Your argument is too stupid to answer. Does 97% of the profits of any corporation go every year to the treasury? No Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 23, 2015 Share Posted September 23, 2015 God dammit you are an idiot! Your argument is too stupid to answer. Does 97% of the profits of any corporation go every year to the treasury? No Have you seen taxes in California? So, to clarify, the simple fact that the Fed is required (by law) to pay taxes on their income to the Federal Government does not make them PART of the Federal Government. We can agree on this, surely, can we not? Link to comment Share on other sites More sharing options...
DC Tom Posted September 23, 2015 Share Posted September 23, 2015 So the Board of Governors, which is chosen by the government, answers to the government and has it's mission directed by federal law, is part of the government but the rest isn't? Is that your point? So it's led by a government directed body, pays almost all it's funds to the treasury but the rest is private banks that get told what to do by the the Governors. Ok! a public private system. Whew! Oh and I forgot! Thanks to Greggys video, I'm reminded, they also direct where HUGE amounts of government money will be directed! Thanks for helping me Greggy, you half wit! Ha ha ha!!! You idiot. Name one other agency that pays the Treasury, rather than is funded by the Treasury. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 23, 2015 Share Posted September 23, 2015 You idiot. Name one other agency that pays the Treasury, rather than is funded by the Treasury. Link to comment Share on other sites More sharing options...
Chef Jim Posted September 23, 2015 Share Posted September 23, 2015 God dammit you are an idiot! Your argument is too stupid to answer. Does 97% of the profits of any corporation go every year to the treasury? No It is quite funny how you accuse everyone else of being angry but you've really been the only one in this "discussion" that has insulted posters on almost every one of your responses. And you told me to calm down. The rest of the Fed aside from the board of governors. And no, bad example Glad you did not disagree with the rest of what I said I'd have to be interested enough in what you have to say to read what you have to say before I would disagree with it. Link to comment Share on other sites More sharing options...
B-Man Posted September 23, 2015 Share Posted September 23, 2015 I'd have to be interested enough in what you have to say to read what you have to say before I would disagree with it. Link to comment Share on other sites More sharing options...
Tiberius Posted September 24, 2015 Share Posted September 24, 2015 You idiot. Name one other agency that pays the Treasury, rather than is funded by the Treasury. Wow, you really are a dumb guy. I guess its a bit complicated which confuses you. The Fed makes money, its a national bank, so its profits--the vast majority of them, go back to the tax payers It is quite funny how you accuse everyone else of being angry but you've really been the only one in this "discussion" that has insulted posters on almost every one of your responses. And you told me to calm down. . No, wrong. Just wrong...as usual So I see the Fed is responsible--along with several other government agencies--for enforcing the Safe Act. So a federal law is enforced by federal agencies Link to comment Share on other sites More sharing options...
Chef Jim Posted September 24, 2015 Share Posted September 24, 2015 Wow, you really are a dumb guy. I guess its a bit complicated which confuses you. The Fed makes money, its a national bank, so its profits--the vast majority of them, go back to the tax payers No, wrong. Just wrong...as usual Link to comment Share on other sites More sharing options...
DC Tom Posted September 24, 2015 Share Posted September 24, 2015 Wow, you really are a dumb guy. I guess its a bit complicated which confuses you. The Fed makes money, its a national bank, so its profits--the vast majority of them, go back to the tax payers No, wrong. Just wrong...as usual So I see the Fed is responsible--along with several other government agencies--for enforcing the Safe Act. So a federal law is enforced by federal agencies What the !@#$ is this what-the-!@#$ery? That is such a load of complete arrant nonsense that even for you it's phenomenal. The Fed reimburses taxpayers by giving money to the Treasury? Is that the Board, the FOMC, the Reserve Banks, or the Member Banks that are giving my money to the Treasury? Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 24, 2015 Share Posted September 24, 2015 Wow, you really are a dumb guy. I guess its a bit complicated which confuses you. The Fed makes money, its a national bank, so its profits--the vast majority of them, go back to the tax payers Giving money to the US Treasury is giving money back to the US Taxpayers?! How does that work? Just when I think we've reached the absolute nadir of your ignorance, you manage to show us you have an endless supply of stupid in your brain. It's quite a trick. Link to comment Share on other sites More sharing options...
Azalin Posted September 24, 2015 Share Posted September 24, 2015 Just when I think we've reached the absolute nadir of your ignorance, you manage to show us you have an endless supply of stupid in your brain. It's quite a trick. And he just keeps on posting. It's like watching an auto accident in slow motion. Link to comment Share on other sites More sharing options...
Deranged Rhino Posted September 24, 2015 Share Posted September 24, 2015 And he just keeps on posting. It's like watching an auto accident in slow motion. Great description. It's pretty entertaining, for all the wrong reasons. Link to comment Share on other sites More sharing options...
Tiberius Posted September 24, 2015 Share Posted September 24, 2015 What the !@#$ is this what-the-!@#$ery? That is such a load of complete arrant nonsense that even for you it's phenomenal. The Fed reimburses taxpayers by giving money to the Treasury? Is that the Board, the FOMC, the Reserve Banks, or the Member Banks that are giving my money to the Treasury? None of this means anything. I understand you are very angry at being completely wrong, but sorry, you are wrong. Look up for yourself exactly how it works. No surprise you are traveling down the obfuscation route. You are pathetic And he just keeps on posting. It's like watching an auto accident in slow motion. Well, when I'm right and all you total idiots are wrong. BTW, they are still posting too. See why I try and avoid your posts? They are so worthless Giving money to the US Treasury is giving money back to the US Taxpayers?! How does that work? Just when I think we've reached the absolute nadir of your ignorance, you manage to show us you have an endless supply of stupid in your brain. It's quite a trick. Hard to understand your amazement. I guess I have trouble seeing through the cloud of ignorance that is your thought process. Yes, turning money over to the treasury is indirectly giving it back to our us Link to comment Share on other sites More sharing options...
DC Tom Posted September 24, 2015 Share Posted September 24, 2015 None of this means anything. I understand you are very angry at being completely wrong, but sorry, you are wrong. Look up for yourself exactly how it works. No surprise you are traveling down the obfuscation route. You are pathetic It's not obfuscation to ask you to clarify which part of the Federal Reserve is responsible for handling my tax dollars. Who pays the Treasury? Hard to understand your amazement. I guess I have trouble seeing through the cloud of ignorance that is your thought process. Yes, turning money over to the treasury is indirectly giving it back to our us "Indirectly giving it back?" What the !@#$ does that even mean? Link to comment Share on other sites More sharing options...
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