Saturday, August 9, 2008
JUST HOW MUCH MONEY HAS THE FED LENT BANKS?
JAMES TURK OF GOLD MONEY
More Than a Helping Hand
One of the basic functions of a central bank is to act as the 'lender of last resort'. This facility is used to keep banks liquid during a period of distress.
For example, if a bank is experiencing a run on deposits, it will borrow from the central bank instead of trying to liquidate some of its assets to raise the cash it needs to meet its obligations. In other words, the central bank offers a 'helping hand' by providing liquidity to the bank in need.
The following chart is from the Economic Research Department of the St. Louis Federal Reserve Bank. Here is the link: http://research.stlouisfed.org/fred2/series/BORROW. This long-term chart illustrates the amount of money banks have borrowed from the Federal Reserve from 1910 to the present.
FOR COMPLETE ARTICLE (with chart):
http://goldmoney.com/en/commentary/2008-07-29.html
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Two hundred and forty five years ago a small percentage of citizens stood up against a superior force and declared their independence from the tyranny under which they lived. This revolution for independence spawned men such as Patrick Henry, who declared, “…give me liberty, or give me death.” These were men who realized the inherent danger in their actions and were willing to risk all for that most precious gift, liberty.
http://www.tenthamendmentcenter.com/2008/08/08/the-real-purpose-of-the-constitution/
The money they borrow must be manipulating the market so they can make the money back that they have lost...
I am totaly convinced of this..
http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=233852&Disp=0
Support. Today. Spread the word.
visionvictorys newest youtube video........8-9-08
http://www.youtube.com/watch?v=mCX9yrs2qwQ
CHRIS...
This link takes you right to their
Home Page:
http://www.libertypost.org/index.shtml
GT
Interesting commentary on the Russian / Georgian conflict by Elaine Meinel Supkis: http://elainemeinelsupkis.typepad.com/war_and_peace/2008/08/russia-and-chin.html
interesting article that talks about "watershed" event for the dollar: http://www.ft.com/cms/s/0/8cc0b4e0-6574-11dd-a352-0000779fd18c.html?nclick_check=1
...For whatever reason, the dollar is being boosted.
I deleted my NatziWatch account..
BTW
gold just jumped up to 863 in eastern trade.was at 856 ??
http://www.youtube.com/watch?v=Y9LL6HYavrk
The internet is being attacked faster and more thoroughly than even I thought they could pull this off. I think we may be running out of time.
Goldmelter: When you melt 14 or 18kt gold - how to you extract whatever alloys are in there to end up with 99.99% purity?
CLYMER
I DONT WANT TO BORE ANYONE WITH MY HOBBIES ;;BUT SINCE YOU ASKED.
when i buy scrape gold from dealers the main goal is to get it clean frist ,that means getting in small garbage stones out of rings, braclets,ear rings, etc. then you could take the bag of jewlery down to a refiner, but you are then trusting them to melt it all and tell you the assey, and if there is 14k,18k,and 22k. mixed they will probably tell you it melted
to a [15.5 for example]again you trust them , and the weight-well you would have to trust them..
my way i separate the 14k/18k,
22k,, i melt each grade into a seperate bar, so then i know the weight and the grade, but i still take it down to lic.-asseyer how drills little plugs in the bar and test it and then stamps the bar, and then when sold to a refinner there is no problems, and correct payment.. dealers pay me for the work which i enjoy a lot.
but yes i have cleaned gold up to a better grade, frist you take like
14k and you cut it into small peices , about the size of sand, or smaller, then i spread it out on a plate of silver about 1" thick and about 12"x 12" then i take a torch and heat to almost the melting point of gold, and during this the copper burns and smokes, but this is just a frist step of my own, and yes silver has a lower melt point then gold ,but since the slab is so big the heat disapates, and you never use any metal like steel or furrous metal. then you take the gold off and you will see black burnt copper on the slab , then you cut it even smaller and put it in the right boiling flask you add acid that will disolve copper , and you boil it in the acid , then drain it , and melt the gold back into the bar form, the best i have gotten it is 99% pur, or 23.8k.
99% pur is not the same as .9999
that takes more equipment then i have , but there is no way to explain the feeling you get working with this metal, and then you understand why it is the metal
of the gods and kings. you just have to do it.. then you will understand.. hope this helps...
as for my other hobbie , well i went to the track sat. and on 2nd run, i got 11.8 in 14 mil, but broke a crankshaft, right in the middle next to cam gear, valves -gone.. motor is poss-scrape.
not a good day , very short.. oh well..........
sorry i need to proof read my post better. that is 1/4 mile not 14 miles. and spelling sucks. in school i hated all english teachers
they seemed like elite people to me, i like chemistry and history,
math was ok but algabra 2- trig was enough..
Well written article.
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