RUSSIA DEFAULTS ON DEBT

[zymurgy]

Paradox. Irrational statement.

retarded liar fallacy

12 banks dipshit. you are a moron

 

[Monad Portal]

it's at least 12 regional banks.

shares in the federal reserve and the fed regional banks are NONSTRANFERRABLE and held in private hands which will not be disclosed due to "national security concerns". fascism.

 

[Into the Night]

what a retard

https://www.federalreserve.gov/aboutthefed/files/the-fed-explained.pdf

The framers of the Federal Reserve Act purposely rejected the concept of a single central bank.

It is a single central bank.

 

[Into the Night]

retarded liar fallacy

12 banks dipshit. you are a moron

All called the Federal Reserve, dipshit. They are a single bank.

 

[Into the Night]

it's at least 12 regional banks.

shares in the federal reserve and the fed regional banks are NONSTRANFERRABLE and held in private hands which will not be disclosed due to "national security concerns". fascism.

Nope. It was created by Congress in 1913.

 

[zymurgy]

It is a single central bank.

12 Federal Reserve Banks were created

banks - an S tardo. plural.

 

[Monad Portal]

Nope. It was created by Congress in 1913.

yes it was created in 1913.

there are regional federal reserve banks where commercial banks get their initial fractional reserves.

 

[zymurgy]

All called the Federal Reserve, dipshit. They are a single bank.

the Federal Reserve System is made up of 12 federal reserve banks

plural you jackass

 

[zymurgy]

yes it was created in 1913.

there are regional federal reserve banks where commercial banks get their initial fractional reserves.

this little shit tard liar does this all the time

https://www.federalreserve.gov/aboutthefed/section4.htm

 

[Monad Portal]

this little shit tard liar does this all the time

https://www.federalreserve.gov/aboutthefed/section4.htm

I don't know who he thinks he's fooling.

99% of people i guess.

 

[Monad Portal]

**Do not take zymurgy if you are allergic to zymurgy or any of it's ingredients.

 

[zymurgy]

I don't know who he thinks he's fooling.

99% of people i guess.

he fools himself - cognitive dissonance - keeps a narcissist like him from blowing his brains out for being exposed as a retard on a daily basis

 

[Monad Portal]

"back the fuck up, crohn's!"

"piss off, colitis!"

 

[Monad Portal]

he fools himself - cognitive dissonance - keeps a narcissist like him from blowing his brains out for being exposed as a retard on a daily basis

he's a smart guy.

jesus wants him for good so bad.



Come to jesus, itn.

 

[zymurgy]

he's a smart guy.

jesus wants him for good so bad.



Come to jesus, itn.

he's a smart ass alright

 

[gfm7175]

Putin is ignoring the sanctions. He just sells his oil to someone else.

Indeed. The other members of the BRICS alliance, just to name a few of the many other buyers, are perfectly fine with purchasing Russian oil.

This failed attempt to "cancel" Russia is also accelerating the demise of the "petro dollar".

 

[gfm7175]

Well currently the Chinese are not picking up the slack, they are still relying on Saudi and Iranian oil I read, but I still expect them to do it. I suspect that they are taking some extra time to get their central bank deposits in order after watching how we fucked the Russians, once they are ready they will ignore Western sanctions. At this point there will be two economic systems in the world, the dying Western system and the upstart Eastern system.

Globalism vs Nationalism
NATO vs Russia
Green vs Oil
WEF vs BRICS

Connect the dots?

 

[Hawkeye10]

Globalism vs Nationalism
NATO vs Russia
Green vs Oil
WEF vs BRICS

Connect the dots?

Globalism is over.

America killed it.

 

[Walt]

there are regional federal reserve banks where commercial banks get their initial fractional reserves.

Commercial banks can get loans from the Federal Reserve, but those are not fractional reserves, and are not initial. They can only get those loans after they have taken deposits, and put a fraction of those deposits on reserve with the Federal Reserve. Those are the initial reserves.

 

[Walt]

the Federal Reserve System is made up of 12 federal reserve banks

A bank in this case is a branch. These banks are not run independently. So Citibank is one bank, made up of thousands of banks.