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Reply | REMY — FIFA SESSION SWUNG IT!
at 12:41 17 Jan 2013
are we due on?............simple question.....I thought you meant newcastle for some strange reason......pull your horns in eh?
oh dear |
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Reply | F*@#*#@g chelsea
at 01:03 17 Jan 2013
watch as the seams come undone at newcastle............just watch.........then laugh
oh dear
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Reply | Realistic or kidology?
at 11:03 16 Jan 2013
it's all about signing on the dotted line.......we don't have a big name in europe...but these boys don't know what it's like being a Rangers player....YET!!!
it's all about getting them through the door mate......
oh dear |
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Reply | Harry - Communication
at 08:09 1 Dec 2012
supporting a team owned by a gyppo arms dealer..........what a prick.......
oh dear |
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Reply | Hughes with another classic
at 19:57 16 Nov 2012
so points on the board and sod EVERYTHING else eh?.........do you know nothing of what is going on in the background?........oddly enough there are so very many parallels between what he's doing and what SAF did at manure and I'm sure that if we had the same 'lcd' and 'fukwits unite' media circus then as we have now,that SAF wouldn't be in the job now..........
oh dear |
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Reply | Should we have an apology?
at 13:02 12 Nov 2012
Maybe he should apologise for the officials too eh?(arteta blatently offside).....I'm with you on this one,a couple of 'media quotes' and Hughes doesn't care and Zamora doesn't like football all apparently official!?!.....I don't recall a season where we have conceded so many 'scabby' goals and yet it's ALL Hughes' fault.....I still believe from what I've seen, that just over a quarter of the way through the season that we should be behind the team not trying to get involved in the media circus of 'sack him'......the team are obviously lacking confidence so as a supporter should we kick what they have 'into touch' or try to lift them?...supporters or bandwagon w@nkers????.....I see a few of you have already nailed your colours to the mast on that one........
oh dear |
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Reply | Titties 'N' Beer
at 15:06 9 Nov 2012
black napkins.........................I don't even know why i bother tuning it up after listening to this......
oh dear |
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Reply | US Election
at 14:12 9 Nov 2012
(30) It’s important to clearly understand, the Federal Reserve is a private corporation. It is about as “Federal” as Federal Express.
Admission the Fed is private is public knowledge now. It wasn’t always so. Louis Mcfadden stated in 1934: “Some people...think that the Federal Reserve Banks are United States Government insti- tutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves...” 2
The Federal Reserve is a privately owned corporation, as confirmed by a federal circuit court in 1982. In Lewis vs United States, the United States Court of Appeals for the Ninth Circuit stated that:
“The Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations.” 3
Of course, the Fed does not outright say it is private or for profit, but rather, it invented a custom definition for itself. It’s website’s Faq currently states: “The Federal Reserve System is not “owned” by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.” 4
Let’s examine the following statements to see if this holds true:: 1) “The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the na- tion’s central banking system, are organized much like private corporations — possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and owner- ship of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.” 2) “[The Federal Reserve] is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropri- ated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.” 3)”The Federal Reserve’s income is derived primarily from the interest on U.S. government securities that it has acquired through open market operations...After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury.” 5
Ellen Brown does a great job of evaluating the above statements: 1) The Fed is privately owned. Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government. 2). The fact that the Fed does not get “appropriations” from Congress basically means that it gets its money from Con- gress without Congressional approval, by engaging in “open market operations.” Here is how it works: When the government is short of funds, the Treasury issues bonds and delivers them to bond deal- ers, which auction them off. When the Fed wants to “expand the money supply” (create money), it steps in and buys bonds from these dealers with newly-issued dollars acquired by the Fed for the cost of writing them into an account on a computer screen. These maneuvers are called “open market operations” because the Fed buys the bonds on the “open market” from the bond dealers. The bonds then become the “reserves” that the banking establishment uses to back its loans. In another bit of sleight of hand known as “fractional reserve” lending, the same reserves are lent many times over, further expanding the money supply, generating interest for the banks with each loan. It was this money-creating process that prompted Wright Patman, Chairman of the House Banking and Currency Committee in the 1960s, to call the Federal Reserve “a total money-making machine.” He wrote: “When the Federal Reserve writes a check for a government bond it
1 Quoted by Senator Robert L. Owen, National Economy and the Banking System of the United States, Washington D.C.: US Government Printing Office, 1939, p.100 [ LINK: http://www.archive.org/details/NationalEconomyAndTheBankingSystemOfTheUnited- States ] 2 Quoted by Louis T Mcfadden, Congressman Mcfadden on the Federal Reserve Corporation, remarks in Congress 1934 ( Bos- ton Forum Publishing Co.), including excerpts from Congressional Record 1932, pages 12595-96
3 4 5
http://cases.justia.com/us-court-of-appeals/F2/680/1239/200393/ http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5 http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm
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does exactly what any bank does, it creates money, it created money purely and simply by writing a check.”
3). The Fed generates profits for its shareholders.
The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaran- teed 6% return are considered “for profit” corporations.
In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their “reserves.” The basic reserve requirement set by the Federal Reserve is 10%. The website of the Federal Reserve Bank of New York explains that as money is redeposited and relent throughout the banking system, this 10% held in “reserve” can be fanned into ten times that sum in loans; that is, $10,000 in reserves becomes $100,000 in loans. Federal Reserve Statistical Release H.8 puts the total “loans and leases in bank credit” as of September 24, 2008 at $7,049 billion. Ten percent of that is $700 billion. That means we the taxpayers will be paying interest to the banks on at least $700 billion annually — this so that the banks can retain the reserves to accumulate interest on ten times that sum in loans.
The banks earn these returns from the taxpayers for the privilege of having the banks’ interests protected by an all-pow- erful independent private central bank, even when those interests may be opposed to the taxpayers’ -- for example, when the banks use their special status as private money creators to fund speculative derivative schemes that threaten to col- lapse the U.S. economy. Among other special benefits, banks and other financial institutions (but not other corporations) can borrow at the low Fed funds rate of about 2%. They can then turn around and put this money into 30-year Treasury bonds at 4.5%, earning an immediate 2.5% from the taxpayers, just by virtue of their position as favored banks. A long list
of banks (but not other corporations) is also now protected from the short selling that can crash the price of other stocks.................
oh dear |
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