Who created the dollar? Why then borrow it AT INTEREST?!

loureed4 · Aug 28, 2012

David said:
I seriously doubt that.

Between you and I David, Me too!! . But one tries to make a point and not many people replies, just one person saying the same thing again and again...well, let´s say it is not very encouraging, I just would like to find the truth, no matter how long that will take me.

David · Aug 28, 2012

loureed4 said:
Between you and I David, Me too!! . But one tries to make a point and not many people replies, just one person saying the same thing again and again...well, let´s say it is not very encouraging, I just would like to find the truth, no matter how long that will take me.

This is a money thread and myp is the only person here that knows anything about money and economics. Not his fault he's the only person qualified to answer your questions.

loureed4 · Aug 28, 2012

Gosh, only a person?! . Well, I of course appreciate his replies, needless to say, but let´s say that, the more people, the richer a discussion is, so, I´ll have to ask it somewhere else, for I don´t like only one person´s point of view. But I do appreciate all your replies.

In my opinion, a forum must be lively, otherwise, it becomes less enriching, I should say.

David · Aug 28, 2012

loureed4 said:
Gosh, only a person?! . Well, I of course appreciate his replies, needless to say, but let´s say that, the more people, the richer a discussion is, so, I´ll have to ask it somewhere else, for I don´t like only one person´s point of view. But I do appreciate all your replies.

In my opinion, a forum must be lively, otherwise, it becomes less enriching, I should say.

This place is lively on a weekend. But this is an economics thread and you have only 1 economists (well sort of) on this forum. I'd point you to an economics forum but a thread like this would probably get trolled to death.

loureed4 · Aug 28, 2012

David said:
This place is lively on a weekend. But this is an economics thread and you have only 1 economists (well sort of) on this forum. I'd point you to an economics forum but a thread like this would probably get trolled to death.

I see, only on a weekend.

Why would "a thread like this" be trolled in the forum you suggest?

I am asking already in other forums, because I am eager to obtain answers, many answers, about how things work really.

David · Aug 29, 2012

loureed4 said:
I see, only on a weekend.

Why would "a thread like this" be trolled in the forum you suggest?

I am asking already in other forums, because I am eager to obtain answers, many answers, about how things work really.

On a forum dedicated to economics you'd ether be considered a fool or a troll for asking this. Thus you'd ether be told to read an economics book and not post again until you did or your thread would get trolled to death.

loureed4 · Aug 29, 2012

I see, well, in a way, it is logical, first I have to read, but what happens is that I have watched some documentaries , several saying all the same about the Fed, about Fiat, Fractioanl, and so on and so forth, and I just wanted to know if what I watched from different sources was true, that is my only goal, to get to know a little about how things economically work.

loureed4 · Aug 30, 2012

myp said:
It does NOT buy from the government. It buys from the market.

Here, in the moment 27.10, it is said that the Fed buys bonds FROM THE GOVERNMENT:

http://www.youtube.com/watch?v=LKsZ1hqHBHU&feature=related

Is it a unreliable source?

loureed4 · Aug 30, 2012

David said:
No, they (the conspiracy people (Bill Still, for instance) don't want to take power. That's the point. They want a decentralized state or anarchy.

Let me see if I got this straight:

Conspiracy people (those who claim the Fed is run by private bankers, so it lends money AT INTEREST to the government) don´t want to take power, just DESCENTRALIZE STATE OR ANARCHY .... Do you really think so? and, if the answer is "yes", why do they want to decentralize state? I mean, what do they obtain by doing so?.

loureed4 · Aug 30, 2012

myp said:
What you are reading is a conspiracy theory. There is no devious plan by some cartel of bankers. The Fed makes profit sometimes due to the nature of its job- open market operations for example.

Again I just would like to ask:

What is their purpose? their ultimate purpose? to descentralize? What for?
What do they aim? Why do they want?

I mean people like Bill Still with his documentaries "Money masters" and "The Oz...." , or the book "The jekill Island creature".

Who are they? Why are they conspiracing against the Fed? What do they expect to obtain by doing this fuss? What do they win?.

loureed4 · Aug 30, 2012

myp said:
It (The Fed) does NOT buy (bonds) from the government. It buys from the market.

Let me think:

The govt sells bonds to the secondary market (secondary market=banks?) to get money for its spending. Then, the Fed buys this bonds from this secondary market, but it is that secondary market then who lends money to the government AT INTEREST, not the Fed. Can this be correct?.

I am reading more and again and again I read that the Fed BUYS bonds from the government, so that the government can undertake its spending, programs, and so on and so forth, and of course, the government has to pay back at interest to the Fed. This is what I am reading, as a newcomer in Economics, I am trying to collect information, as much as possible.

David · Aug 30, 2012

loureed4 said:
Let me see if I got this straight:

Conspiracy people (those who claim the Fed is run by private bankers, so it lends money AT INTEREST to the government) don´t want to take power, just DESCENTRALIZE STATE OR ANARCHY .... Do you really think so? and, if the answer is "yes", why do they want to decentralize state? I mean, what do they obtain by doing so?.

Freedom they'd say.

loureed4 · Aug 30, 2012

Yes, they´d say that, but I am interested in who do you think they are chasing, and "Freedom" about what?

Who created the dollar? Why then borrow it AT INTEREST?!

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