I started a thread about the pledge, God, church and state and it ends up a discussion over the anus..........

only here at Subsim.

http://2.bp.blogspot.com/-qS3GNjTaRi...8/s320/gas.jpg



<O>

It doesn't have an "owner" anymore than any other agency has an "owner". One of the membership requirements of being a part of the Federal Reserve system is that you must be a stockholder of a Federal Reserve Bank. This stock cannot be traded, sold, pledged or otherwise transferred. This "stock" isn't like traditional stock shares as there is all one class and every shareholder has one vote regardless of how much stock they own.

Cute how you put "audited" in quotes. But here you go - the findings and recommendations of one of the latest GAO audits of the Fed: http://www.gao.gov/assets/660/654462.pdf. So THAT'S what they can do. Congress can pass laws to alter the Fed's mandate. Congress could also go so far as to abolish the Federal Reserve if it chose to do so by repealing the Federal Reserve Act of 1913.

That's the whole point. It's about keeping politics out of the monetary policy of the United States. None of what you just wrote makes any sense at all.

No...just no. You are demonstrating a profound misunderstanding of the Federal Reserve system. The Federal Reserve doesn't lend money to the government. The Fed lends money to its member banks. The Federal Reserve also rebates all interest it earns back to the Treasury.

You are out of your depth in this. Might be time to graciously bow out and appreciate the education you've received here instead of trying to twist and contort things to try and claim you're not completely wrong, which you are.

Are there gaseous clouds surrounding Uranus?

It's a beautiful thing. :haha:

Please stop starting threads. :O:

Ducimus, Subsim could invest in some mining technologies and we'd start mining Uranus for hydrogen :)

Once I was attracted to Uranus, but it's lost much of it's appeal to me lately.