Trojan Boat Forum

Surf and Sand wrote:

alexander38 wrote:or you could say the Fed bank has printed to much money in the past 30 months . . . .

I agree with your premise of weakening the dollar, but, the Federal Reserve does not print money. The Federal Reserve is a PRIVATE bank, which loans money to the Govt.

The Fed Reserve is more of a joint thing ( mostly goverment ) . 94% of the profit goes to the U.S. Treasury 6% goes to member banks .

http://en.wikipedia.org/wiki/Federal_Reserve_System

"According to the Board of Governors, the Federal Reserve is independent within government in that "its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government." However, its authority is derived from the U.S. Congress and is subject to congressional oversight."

And of course the President picks who runs it , then Congress approves them

Surf and Sand wrote:

alexander38 wrote:or you could say the Fed bank has printed to much money in the past 30 months . . . .

I agree with your premise of weakening the dollar, but, the Federal Reserve does not print money. The Federal Reserve is a PRIVATE bank, which loans money to the Govt.

yes the FED does not print it.. they do however work with that S.o T. tiny Tim and have him print it or digitize monies for the fed banks, just trying to keep it simple.

Tony,

Oil is traded in US currency throughout the world. When we need money..we print it.

The problem is that our dollar is pretty much worthless right now and if the oil barrons decide to no longer trade and accept US dollars for oil, then how do we pay for it? We'll be in a heap of trouble... But the big ZERO has it all figured out!

Drill now, tap some reserves and let's see what that does to overseas' oil prices.

that's mt point they've made so much of it that it's not worth crap...