Cain said "call the fed" so I did !!!

I think I'd like to call up the San Francisco Fed... We should compile a list of great questions and follow up questions to ask them... What are a few good ones?

Is the Federal Reserve part of the government?
Why is it called Federal if it isn't part of the Federal government?
Who owns the Federal Reserve?
 
Why are you guys wasting your time? You're not going to find anything! Herman told me so.
 
This was my husband's conversation with the nice lady in the Educational Branch of the St Louis Federal Reserve Bank: We didn't record, but I was taking notes during the conversation and we filled in what I didn't get down right afterwards...

SH: I was wondering, “Has the FED recently loaned any money to the Europeans in connection with the financial crisis with the Euro?”

FED: I’m sorry, I don’t know why they gave you my #, that’s a decision made by the Board of Governors in DC.. that would have been something they would have to do...

SH: is there anywhere on the website that I can go to follow this information

FED: it would be on the board’s website...if they did anything like that
federalreserve.gov (You should be able to) find anthing that we have done in regards to that situation

SH: I was there and I guess, well, everyone talks about the 16.1 T they loaned out in 2007-2010 period when their balance sheet went from 800 billion to over 2 trillion..... I looked at their website and total assets are now 2.8 trillion... Shouldn’t those loans (16.1T) show up on their balance sheet?

FED: I don’t know

SH: If they loaned out money now, wouldn’t it show up on the balance sheet?

FED: For that specific information you need to go the Board of Governors

SH: Are you familiar with the Federal Reserve’s website?

FED: Yes

SH: Right now the website shows a balance of 2.8 T... am I reading that correctly?

FED: OK

SH: Could they create, for example, $16 trillion and it not show up on their balance sheet?

FED: (in polite exasperation) Sir, I cannot answer that question... you’ll have to call the Board of Governors

SH: Oh, I’m sorry. So, what was their # ?

FED: 202-452-3000

SH: Thank you!
 
I want to hear more from the guy in blue. You seem to trust him as a source of reliable knowledge.

Does he know something we don't? :)

Fun video albeit you would get more people to watch if you cut it down to 5 minutes of only the best bits.
 
For the last fucking time:

The 16 Trillion was in notional asset swaps. Most often only for a short duration and then rolled over again and again. Yes, this is an abomination. It picks winners and losers by helping those that are in trouble because they acted irresponsibly.

But it does not, nor should it, be added to their balance sheet.

Until we get our bloody numbers straight, Paul opponents have every reason to call us shrill and uneducated. We have legitimate concerns about their operations. Focus on those. The second you start straying into the arcane world of finance that you don't understand is the second you start doing more damage to the campaign than help.

Sorry for the rant. But I've seen this being brought up numerous times and shot it down each time only to see it pop up again like whack-a-mole.
 
Are employees of the Federal Reserve covered under the Federal Employees Retirement System?
 
How come your phone number is in the Business Section of the phonebook, and not the Government Section?
 
Someone Else said:
How come your phone number is in the Business Section of the phonebook, and not the Government Section?
Click to expand...

A better question is, why aren't all Federal/State/Local agencies in the business section?
 
StilesBC said:
For the last fucking time:

The 16 Trillion was in notional asset swaps. Most often only for a short duration and then rolled over again and again. Yes, this is an abomination. It picks winners and losers by helping those that are in trouble because they acted irresponsibly.

But it does not, nor should it, be added to their balance sheet.

Until we get our bloody numbers straight, Paul opponents have every reason to call us shrill and uneducated. We have legitimate concerns about their operations. Focus on those. The second you start straying into the arcane world of finance that you don't understand is the second you start doing more damage to the campaign than help.

Sorry for the rant. But I've seen this being brought up numerous times and shot it down each time only to see it pop up again like whack-a-mole.
Click to expand...

FTW... so many people are quick to demonize and judge and end up foolish when they don't fully understand the complexity of the feds operations. Everyones is making the right point when they say it causes inflation and undermines the economy, but if you can't articulate accuratley how that is done you will lose credibility quickly to people who'd matter and and hurt the movements credibility.

Other people supporters arn't as educated as we are, but they don't need to defend anti-establishment views, so we have to be 10x more educated.
 
Wow this lady was datamining a bit don't you all think? Asked for the name of the college, the class and professor name? ... All with a cute laugh and smiling though, so all is good. lol

Also she admits it is not a government agency, but I still find it interesting that the Federal reserve has a .gov web address. Why not federalreserve.com like other private businesses get? ;)
 
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