Forum Post: The Fed Eats the Roast Chicken for Free (part two) By Liu Dasheng

The spokesman of the Fed says ‘We exchange the incremental printed paper money for it. How can you say we occupy it for free? ’ Shitizen Liu Dasheng says ‘But you didn’t pay for the incremental printed paper money.’

The spokesman of the Fed says ‘Indeed, we didn’t pay it. But it has been taken by the government and commercial banks. We don’t have it.’
In here, the incremental printed paper money is that roast duck. The government bonds, the IOUs of commercial bank and their interests are like the roast chickens. Shitizen Liu Dasheng is the waiter while the Fed and its bankers are the freeloaders.

The above conversation is not made up and it is summarized according to the replies from some bankers or banking experts to my banal work Who has the ownership of incremental printed paper money. If you don’t believe it, please read the following message replied on the website Lawforum. A banker (maybe a banking expert) named eorthe says ‘Not only in China but also in America, the government doesn’t use the printed paper money directly. In America, it is used by buying the government bonds by the Fed. Although it looks the same as printing money directly, the goal is achieved by the government’s debt and some indicators, such as Debt, can be overseen by the public. On the other hand, the situation in China is a little more complicated. Sometimes it works with loan through the government investment platform, but it mainly funds outstanding for foreign exchange. The government buys foreign exchange from the export enterprises by issuing money — so-called ‘print’, but actually is not the same. So the ownership of the incremental printed paper money belongs to the export enterprises. The problem of giving the incremental printed paper money to the nationals doesn’t exist.’[4]

The bankers are quibbling. Meanwhile, they also laugh at me madly. A banker (maybe a banking expert) named bigbigboy says ‘Building-owner, you get zero at economics.’ [5]

A banker (maybe a banking expert) named rational criticism leaves such messages ‘My God! How illiterate you are!!!!!!!’ ‘Are you kidding me? You still make a fool out of yourself here and there are so many people with you. Actually I'm quite impressed by people’s quality and level in this country. I laughed incredibly hard when I heard you are a scholar. What spirit is this? What kind of energy do you own to hold ignorance as truth? If I would have known it, I would like to teach you something. Buy a book of basically central banking first.’ [6]

Asking me to read books about money and banking is as funny as to ask the child who tells the truth about the king with no clothes to read the books on clothing, tailoring, textiles and aesthetics. But it is also with a certain degree of confusion. The attitude is also ridiculous and somehow confusing like the Vatican asked Copernicus to read the books of geocentricism. If the shitizens want to recognize the nature of the Fed and its bankers, don’t read too many books of money and banking. You will be brainwashed and lost your judgment if you read too many such kind of books. Shitizens, be a waiter without being brainwashed!

Waiters of the world, let’s unite, get our roast chickens back!!!

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[1]A shitizen is referring to in some country, the right of the citizen is granted by law. But in reality, it is all on the other way round.

[2] http://boxuesky.com/thread-168003-1-1.html。

[3]http://club.kdnet.net/dispbbs.asp?boardid=1&id=7348163&page=63&uid=&usernames=&userids=&action=, the 944th floor.

[4] http://bbs.chinacourt.org/index.php?showtopic=430690, the 3rd floor.

[5]http://club.kdnet.net/dispbbs.asp?boardid=1&id=7348163&page=61&uid=&usernames=&userids=&action=, the 904th floor.

[6]http://club.kdnet.net/dispbbs.asp?boardid=1&id=7348163&page=61&uid=&usernames=&userids=&action=, the 749th and 919th floor.