Re: [RT] GEN: DUMB FED QUESTION

["kenjelli" <gtm@xxxxxxx>]

Here is more than you probably want to know!
 
<A 
href="http://www.financialsense.com/stormwatch/oldupdates/2002/0927.htm";>http://www.financialsense.com/stormwatch/oldupdates/2002/0927.htm
Ken
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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
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      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.
       
      chasTo 
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