Author Topic: Trump says DeSantis ‘sided with the communists in China’ over US farmers  (Read 1317 times)

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Offline libertybele

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Re: Trump says DeSantis ‘sided with the communists in China’ over US farmers
« Reply #25 on: September 09, 2023, 07:54:51 pm »
I agree ethanol subsidies are a boondoggle. You know what I want to see cut? A $500 Billion cut in defense spending until the  Pentagon can pass an audit.

Audit the Fed.
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Online bigheadfred

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Online Maj. Bill Martin

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Re: Trump says DeSantis ‘sided with the communists in China’ over US farmers
« Reply #27 on: September 09, 2023, 09:51:09 pm »
Audit the Fed.

It already is audited.  That's why I've never quite understood what "audit the Fed" is supposed to mean.

Offline LMAO

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Re: Trump says DeSantis ‘sided with the communists in China’ over US farmers
« Reply #28 on: September 10, 2023, 01:57:12 am »
This is a really stupid argument Trump is making

Farmers had to be bailed out by taxpayers because of Donald Trump‘s trade policy and because Ron DeSantis opposed that, it means he’s siding  with Chinese communist.



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Offline Hoodat

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Re: Trump says DeSantis ‘sided with the communists in China’ over US farmers
« Reply #29 on: September 10, 2023, 03:03:05 am »
It already is audited.  That's why I've never quite understood what "audit the Fed" is supposed to mean.

There is really nothing to audit.

-  Congress wants to spend more money than it collects in revenue

-  Congress asks the Treasury to sell bonds in order to raise the capital

-  The Treasury tells Congress that in order to raise the $2 trillion it requests for the current year, they will have to offer at least 18% interest on those bonds in order to compete for existing investment dollars.

-  Instead of agreeing to those interest rates, Congress goes to the Fed instead and asks them for the money

-  The Fed (who has no actual money of its own) issues $2 trillion in new made-up money and hands that to the Treasury.  The Treasury then hires Goldman Sachs to print up bonds (for a percentage) at a ridiculously low interest rate and hand them over to the Fed for the money it just created out of thin air.

-  Congress never pays the money back.  It remains in circulation forever, effectively devaluing the currency which fuels inflation.


The Fed isn't the problem.  Congress is the problem.  And so is the Executive Branch.
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Online Maj. Bill Martin

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Re: Trump says DeSantis ‘sided with the communists in China’ over US farmers
« Reply #30 on: September 10, 2023, 05:54:04 am »
There is really nothing to audit.

Well, it does have a budget, employees expenses, etc.  And it does get audited.

https://www.stlouisfed.org/about-us/is-the-fed-audited#:~:text=The%20Fed%20is%20extensively%20audited%2C%20as%20required%20by%20federal%20law.&text=Each%20Reserve%20bank%20has%20internal,activities%20of%20the%20Reserve%20banks.

But I think when political s and citizens demand that the Fed be "audited" they must mean something else.  But I have no clue as to what that means, and I don't think the people demanding it do either. 
« Last Edit: September 10, 2023, 06:52:07 am by Maj. Bill Martin »