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  Date / Time: 5/23/2009 3:05 AM UTC

  Federal Reserve Requirement (Sounds alot like Mafia)

  The federal reserve requirement is the amount of liquid assets that Federal Reserve System banks must hold. The federal reserve requirement demands that these assets be held in cash or on deposit with the Federal Reserve System. The federal reserve requirement is usually a percentage of bank’s demand and time deposits. Within legal limits, the Board of Governors has sole authority over changes in the federal reserve requirement. The purpose of the federal reserve requirement is to ensure that the banks always have enough cash to pay depositors. The federal reserve requirement is also a method to increase or decrease the money supply. In theory, as the federal reserve requirement is increased, cash in the system is reduced and visa versa. As of 2005, the federal reserve requirement is 10% on "transaction deposits” and zero on time deposits and all other deposits. The federal reserve requirement is a cost to the banking system. Funds deposited to the Federal Reserve under the federal reserve requirement do not receive interest. The Federal Reserve has advocated the payment of interest on the reserves that banks maintain at the Federal Reserve Bank under the federal reserve requirement. The Federal Reserve may also impose a federal reserve requirement of any size on the amount banks in the United States owe, on a net basis, to their foreign affiliates or to other foreign banks.

  http://www.investorglossary.com/federal-reserve-requirement.htm

   

   

  But wait a minute this rule is in place to keep the banks solvent, but didn't we the American Tax payers just give the government $ to bail out banks who are supposed to keep the equivalent in the Federal Reserves so we the American people didn't have to bail out banks?!

   

  Boy no wonder I am confused.....

   LNSu

  "A people that values its privileges above its principles soon loses both."

                            - Dwight D. Eisenhower

   
  • Tags:
  • Federal Reserve
  • Requirement
  • Mafia
  • Banks
  • solvencey
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• Date / Time: 5/16/2009 2:33 AM UTC

  Let Us Pray.....

  Today’s Scripture:

   

  ¹⁴ if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land.  2 Chronicles 7:14 NIV

   

  Let us pray in Jesus name:

  Twelve ways to pray for America :

   

  1.      Forgive us for our sins against You, Father.

  2.      Give our President and leaders wisdom, righteousness and  protection.

  3.      May righteousness and wisdom reign over our Supreme Court and all our judges.

  4.      Protect our military forces and their families.

  5.      Put an end to hatred, violence, crime and terrorism and protect our law enforcement officers.

  6.      Send us national revival.

  7.      Strengthen our economy.

  8.      Send revival to our colleges and schools.

  9.      Place a hedge of protection around our nation.

  10.  Restore national unity and return us to “one nation under God.”

  11.  Change the media and make it an instrument of Your holiness and goodness.

  12.  Restore the church in America
   
  
  

   

  ⁷In my distress I called upon the Lord; I cried to my God, and He heard my voice from His temple; my cry came into His ears.  2 Samuel 22:7AMP

   

  Let us pray in Jesus name: 

  Oh Lord, I cry out to You and wait expectantly for Your leading. I know that You will not abandon me. I listen attentively for Your response and desire to follow You in all You say and do. 

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  • Tags:
  • Scripture
  • pray
  • Humble
  • Chronicles
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• Date / Time: 5/16/2009 1:24 AM UTC

  America's Spiritual Heritage 5-13-09 CItizen Link

  America's Spiritual Heritage
  
  http://www.citizenlink.org/videofeatures/A000010012.cfm
  
  
  
  • Tags:
  • America's Spiritual
  • 
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• Date / Time: 5/7/2009 5:02 AM UTC

  Sincerely, Every American...... I second the emotion!

  April 17, 2009
  The White House
  1600 Pennsylvania Avenue NW
  Washington ,  DC  20500
  
  
  Mr. Obama:

      I have had it with you and your administration, sir.  Your conduct on your recent trip overseas has convinced me that you are not an adequate representative of the  United States of America collectively or of me personally.

  
  You are so obsessed with appeasing the Europeans and the Muslim world that you have abdicated the responsibilities of the President of the  United States of America .  You are responsible to the citizens of the United States ..  You are not responsible to the peoples of any other country on earth.

  
      I personally resent that you go around the world apologizing for the  United States telling Europeans that we are arrogant and do not care about their status in the world.  Sir, what do you think the First World War and the Second World War were all about if not the consideration of the peoples of  Europe ?  Are you brain dead?  What do you think the Marshall Plan was all about?  Do you not understand or know the history of the 20th century?

  
      Where do you get off telling a Muslim country that the  United States does not consider itself a Christian country?  Have you not read the Declaration of Independence or the Constitution of the  United States ?  This country was founded on Judeo-Christian ethics and the principles governing this country, at least until you came along, come directly from this heritage.  Do you not understand this?

  
      Your bowing to the king of  Saudi Arabia is an affront to all Americans.  Our President does not bow down to anyone, let alone the king of  Saudi Arabia .  You don’t show  Great Britain , our best and one of our oldest allies, the respect they deserve yet you bow down to the king of  Saudi Arabia .  How dare you, sir!  How dare you!

  
  You can’t find the time to visit the graves of our greatest generation because you don’t want to offend the Germans but make time to visit a mosque in  Turkey .  You offended our dead and every veteran when you give the Germans more respect than the people who saved the German people from themselves.  What’s the matter with you?
      I am convinced that you and the members of your administration have the historical and intellectual depth of a mud puddle and should be ashamed of yourselves, all of you.

  
      You are so self-righteously offended by the big bankers and the American automobile manufacturers yet do nothing about the real thieves in this situation, Mr. Dodd, Mr. Frank, Franklin Raines, Jamie Gorelic, the Fannie Mae bonuses, and the Freddie Mac bonuses. What do you intend to do about them?  Anything?  I seriously doubt it. 

  
      What about the U.S. House members passing out $9.1 million in bonuses to their staff members – on top of the $2.5 million in automatic pay raises that lawmakers gave themselves?  I understand the average House aide got a 17% bonus.  I took a 5% cut in my pay to save jobs with my employer.  You haven’t said anything about that.  Who authorized that?  I surely didn’t!

  
      Executives at Fannie Mae and Freddie Mac will be receiving $210 million in bonuses over an eighteen-month period, that's $45 million more than the AIG bonuses.  In fact, Fannie and Freddie executives have already been awarded $51 million – not a bad take.    Who authorized that and why haven’t you expressed your outrage at this group who are largely responsible for the economic mess we have right now.

  
      I resent that you take me and my fellow citizens as brain-dead and not caring about what you idiots do.  
     ;  We are watching what you are doing and we are getting increasingly fed up with all of you.  

  
      I also want you to know that I personally find just about everything you do and say to be offensive to every one of my sensibilities.

  
  I promise you that I will work tirelessly to see that you do not get a chance to spend two terms destroying my beautiful country.

  
  Sincerely,
      Every real American

  
  P.S.  I rarely ask that emails be 'passed around'...PLEASE SEND THIS TO YOUR EMAIL LIST...it's past time for all Americans to wake up!

  
  Ms Kathleen Lyday
  Fourth Grade Teacher
  Grandview Elementary School
  11470 Hwy. C
  Hillsboro , MO 63050
  (636) 944-3291 Phone
  (636) 944-3870 Fax
  • Tags:
  • Obama
  • White House
  • letter
  • America
  • K Lyday
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