It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Why Are Americans Giving More American Taxpayer Dollars To US Banks?

page: 1
2

log in

join
share:

posted on Sep, 17 2012 @ 08:35 AM
link   
If you didnt know how 'quantitative easing' works its simple. The United States Government steals money from the American Taxpayer and gives it to US Banks.

The media dont want to say it like that so they explain it by saying it will make it easier for people to get loans.

Guess what? It doesnt make it easier to get a loan. The Banks are not lending the cash out. So why give it to them?

Did QE1 work? QE2? Operation twist? ( Americans
) There is no twisting out of this mess. QE3 is a scam that only helps the rich. The long term result will be inflation but I think the Bankers know that there is no way of avoiding the nearing fiscal cliff so they may as well fleece the trusting American people for all they can before they move to a nation that they havent collapsed.

You can give US Banks money but nothing in the US is a good investment. America has priced itself right out of the ballgame. Banks invest in emerging economies. Investing money into the United States is a terrible investment. Anyone can see that.

And there is this-

In November 2010, a group of conservative Republican economists and political activists released an open letter to Federal Reserve Chairman Ben Bernanke questioning the efficacy of the Fed's QE program. The Fed responded that their actions reflected the economic environment of high unemployment and low inflation.[65] Lowering interest rates can actually hurt the economy if people who depend on interest income spend less in response to their reduced income. In general, however, the Federal Reserve has assumed that the advantages of the low interest rates outweigh this effect, though they often admit that seniors may be hit as collateral damage.[citation needed] In the European Union, World Pensions Council (WPC) financial economists have also argued that QE-induced artificially low interest rates will have an adverse impact on the underfunding condition of pension funds as “without returns that outstrip inflation, pension investors face the real value of their savings declining rather than ratcheting up over the next few years

en.wikipedia.org...

If you are American, please do not trust your Government in relation to anything. Your Government hates you just as much as they hate the rest of us. Do not believe a word that they say. When they do say something, consider their motivation.

QE3 is just the US Government stealing the peoples money to give to US banks.
edit on 17-9-2012 by freemarketsocialist because: (no reason given)


edit- its not exactly 'taxpayer money'. They print it. But you know what I mean. Why print money for Banks to not lend to you. Its your money and the more you print, the less its worth. Why give it to Banks who refuse to lend? Banks who refuse to invest in America.
edit on 17-9-2012 by freemarketsocialist because: (no reason given)




posted on Sep, 17 2012 @ 09:18 AM
link   
Spot on, Why do you think Obama administration never dissolved bush era tax cuts?
The senate has way too much vested into it. They sent all our good jobs over seas, and backed themselves into a corner while trying to fatten their wallets!

There is no hope for the us financial system, the last person that stood up and tried to dissolve the FED got a bullet to the head for his trouble.

But hey, keep bringing the same two parties to power and you will keep getting more of the same.

The only way to cure the us fiscal problems is to stop printing money, and stop electing officials that have money to gain by manipulation of the system.

I want to see a blue collar in power, personally he/she would understand our struggle and plight of this nation.

The perpetual motion of the Red Blue machine is the financial undoing of this country.
These are the people with the most to gain and also the most to loose. They are all part of the same Political Industrial Machine.

We have elected them time and time again, its now to the point that either way you flip the coin you get the same side. To the politicians this government is nothing but a giant ponzie scheme.

Why do you think the Media in the us is so selective and biased towards what they cover?
All money comes from one source, the FED. The same financial entity that these politicians Idolize.

These politicians have money in major corporations. I wont say all but 99% of them.

As long as We the people keep the current trend going we will be doomed.

We need to remove anyone from the seats, that has any kind of money to gain.
We need elected officials that are average people, that understand our needs.
We need fresh blood in power.
We need independent's with nothing to gain but betterment of the nation!



posted on Sep, 17 2012 @ 09:37 AM
link   
reply to post by shaneslaughta
 



We need to remove anyone from the seats, that has any kind of money to gain. We need elected officials that are average people, that understand our needs. We need fresh blood in power. We need independent's with nothing to gain but betterment of the nation!


I have nothing to add to that. I could not agree more. And its the same in every western nation.



posted on Sep, 17 2012 @ 09:41 AM
link   
As far as I know, the tax revenue of the US goes to pay the interest on the money the government borrows from the Fed. Most of what the government borrows is what runs the government.

www.youtube.com...

So to give more taxpayer money to the Fed makes sense. They are simply making a call on the loan.



posted on Sep, 17 2012 @ 10:10 AM
link   

Originally posted by ABNARTY
As far as I know, the tax revenue of the US goes to pay the interest on the money the government borrows from the Fed. Most of what the government borrows is what runs the government.

www.youtube.com...

So to give more taxpayer money to the Fed makes sense. They are simply making a call on the loan.


Yeah sorry, I shouldnt have said taxpayer money. They print the money for Quantitative Easing. It will cause inflation one way or the other.

The money that the US Government uses to pay its bills has to do with bonds.



posted on Sep, 17 2012 @ 10:46 AM
link   
Short Answer: To save Obama!

Long Answer: Tooooooooo saaaaaaaaave Obaaaaaaaaaaama!



posted on Sep, 17 2012 @ 12:21 PM
link   
reply to post by freemarketsocialist
 


No worries. I still think the whole thing stinks.



new topics

top topics



 
2

log in

join