Forum Post: Congressman Dennis Kucinich VS Wall Street and the Federal Reserve
Posted 12 years ago on Dec. 23, 2011, 2:57 p.m. EST by TrevorMnemonic
(5827)
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"Is this the United States congress, or the board of directors of Goldman Sachs?"
Money IS created out of thin air, but was allowed to be created out of our ignorance that the bankers are fine upholding people in the rich section of town. All the while, the "working class" toiled away.
If you think bankster bail outs are wild. Check out this thing called "goodwill accounting."
You should be the one checking it out. If your business has $1 million worth of property and equipment, but I buy it from you for $2 million because it makes a lot of money, how do I account for this. So, $2 million goes out, that reduces cash. But now I have something. So, I increase property and equipment by $1 million. What do I call the other $1 million of "stuff" that I bought from you? I got something for my extra $1 million, didn't I? We'll call it Goodwill. It's just a name. Learn, then form opinions.
Oh yes, ideally it should work that way, but..... . . .keep learning buddy, you'll get there. ..... and then curse me.