Re: [RT] GEN: DUMB FED QUESTION

["kenjelli" <gtm@xxxxxxx>]

Here are some links from another site that might be of 
interest regarding the Fed and "fractional reserve 
banking".<A 
href="http://www.profit2u.com/fractional_reserve.htm";>http://www.profit2u.com/fractional_reserve.htm<A 
href="http://www.libertyhaven.com/regulationandpropertyrights/bankingmoneyorfinance/fractional.html";>http://www.libertyhaven.com/regulationandpropertyrights/bankingmoneyorfinance/fractional.html<A 
href="http://www.reclaimaustralia.net/balus/excerpts.htm";>http://www.reclaimaustralia.net/balus/excerpts.htm<A 
href="http://www.goldcoast-thismonth.com/banks.htm";>http://www.goldcoast-thismonth.com/banks.htm<A 
href="http://www.gold-eagle.com/editorials_98/parks122598.html";>http://www.gold-eagle.com/editorials_98/parks122598.html<A 
href="http://www.gold-eagle.com/editorials_02/champeau011402.html";>http://www.gold-eagle.com/editorials_02/champeau011402.html<FONT 
size=2>Ken
 
----- Original Message ----- 
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    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Charles Meyer 

    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>REAL TRADERS 
    Sent: Wednesday, October 02, 2002 4:13 
    PM
    Subject: [RT] GEN: DUMB FED 
    QUESTION
    <FONT 
    size=2>
    Group-
     
    Just how much money does the Fed have?  
    The amount of money in private hands such as savings accounts, investments, 
    bank accounts, etc. can be quantified.  
    
     
    Now; I believe that the Fed is comprised of 
    privately owned banks who can use their various
    moneary tools to either create or tighten the 
    so-called money supply.  But; how much money do
    they really have at their disposal?  
    Because of their ability to create money out of thin air using
    the fractional reserve system; can one say that 
    they have a virtually unlimited supply of money?
     
    How does their supply or available money; 
    measure up against the amount of money held in
    private hands?  It seems that if the 
    amount of money held privately dwarfs the amount of 
    money
    held by the Fed; their actions would have less 
    effect on their regulation of the economy.  Or; do these
    12 private banks have SO, SO MUCH money the dog 
    can wag the economic tail?
     
    I stay confused on subjects like this.  I 
    suppose the reason I'm asking is that I just read that the
    Government can seal our money in three 
    ways:  taxation, nationalization and inflation.  
    Somehow;
    this ends up in the hands of the bankers; 
    although I really don't quite understand the process.
    Thanks for any thoughts or 
    comments.
     
    <FONT face=Arial 
size=2>chas






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