What can 12,000,000,000.00 Units of Purchasing Power buy?
Is that not enough power?
"We have been on a disastrous course for a long time. The money supply has doubled in the last year, our debt is unsustainable, the value of the dollar is going to continue its drop, and those Americans who understand where we are headed feel helpless and held hostage by foolish policymakers in Washington," wrote Paul, a Texas Republican who ran for president in 2008."
Ron Paul claims money supply has doubled
By Lukas Pleva on Friday, February 5th, 2010 at 3:26 p.m
"The Federal Reserve doubled the money supply to end the 2008 financial crisis."
"The U.S. Federal Reserve undertook the most successful QE effort. It added almost $2 trillion to the money supply. That’s the largest expansion from any economic stimulus program in history. As a result, the debt on the Fed’s balance sheet doubled from $2.106 trillion in November 2008 to $4.486 trillion in October 2014."
Money Supply and How It Affects You
By Kimberly Amadeo
Updated January 13, 2020
"Quantitative easing is often regarded as a form of "printing money" but the Fed doesn't literally print anything. Paper money is printed by the Bureau of Printing and Engraving so that people who want to take money out of their bank accounts can get their hands on cash. But most money is electronic. And, yes, quantitative easing involves the Fed making new money."
The Fed and the 2008 financial crisis
By Matthew Yglesia
Can these people double the money supply again? How much Purchasing Power is that now? Does anyone else on the planet also have that much power?
According to the information already reported here in a previous post on Voluntary Mutual Defense IDW Community Web Page, the 12 Billion Dollar amount was lost in Iraq (War Zone) in 2003.
Earlier, in 2008, everyone with U.S. Corporate Money (Federal Reserve Notes called Dollars) had 2.106 Trillion Dollars Combined.
Everyone who had any Dollars was added to the total amount of Purchasing Power of everyone combined. So the total amount of Purchasing Power of everyone with Dollars was:
Did I make an accounting error above? Did I add into my account extra zeros?
Everyone who has Dollar (Federal Reserve Notes) Denominated Power to Purchase Combined had just over 2 Trillion Dollars to spend in 2008.
Then a few people added that much Power to Purchase into their own account on their own books for all to see.
Here is the judicial shield at work:
"Plaintiff admitted that it, in combination with the Federal Reserve Bank of Minneapolis, which are for all practical purposes, because of there interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire 14,000.00 in money or credit upon its own books by bookkeeping entry. That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came into existence when they created it. Mr. Morgan admitted that no United States Law or Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. See Anheuser-Bush Brewing co. V. Emma Mason, 44 Minn. 318. The Jury found there was no lawful consideration and I agree. Only God can create something of value out of nothing."
STATE OF MINNESOTA
COUNTY OF SCOTT
First National Bank of Montgomery, Plaintiff
Jerome Daly, Defendant.
December 9, 1968
I’ll ask again. Where is the judicial sword?