NetJets Profits

[Guitar rocker]

God, Gun...You make this so easy...

The first fallacy in your line of thinking is that you are assuming we get the money from the owners before we buy the planes....simply doesn't work that way.

We have to order, and pay for aircraft, well in advance of the sales to the owners.

Think about it....we have to order aircraft three years in advance (minimum) and then hope the economy will support the sales of those aircraft when they are delivered.

Do you honestly think this happens with no risk?

If you knew anything about NJA aircraft sales and how the funding of the aircraft works, you would realize that Gun is right and that you are way off base here.

 

[Number$Cruncher]

The Federal Reserve is the US government
​

FALSE.


The Federal Reserve is a monopoly regulated by the government much like your local Power Company. The Power Company creates Energy ... and the Fed creates money. Fractional Reserve Banking

You used the number $3Billion in revenues compared to $100M in profit to come up with your 3%. BUT the $3Billion is NOT what NJ has at Risk. (*You mean if we lower our revenues we have LESS at Risk? )

This would be like saying VALERO ENERGY (VLO) which had revenues of $87B last year so they had $87B at risk.

What BRK has at risk is a much lower number. Like probably 1B. So $100M would represent a 10% return.

Whew...you're missing all kinds of things. I suggest you re-read the previous posts...

 

[Ultra Grump]

I guess I'm surprised that such an ardent supporter of unions would be reading and quoting someone that advocates free, unfettered capitalism.

This is the great hypocrisy of a great many unionized pilots, unfortunately.

 

[Diesel]

Really great to see family guy here. I guess his AZT is working.


eeeeech

 

[gunfyter]

Unions are Capitalism in Action. The object of Capitalism is to form MONOPOLIES... or sometimes Cartels... to avoid Price Competition. Put hotels on Boardwalk and Park place and jack up the Prices. A union is a Cartel of labor.

Do you think NJ management is in favor of Competition?

No they would like to crush the competition.

You see Labor and management are both capitalistic....

 

[gunfyter]

This is the great hypocrisy of a great many unionized pilots, unfortunately.

What you have to realize Grump is that government interference is what prevented the union from going out on Strike... thus dragging out the negotiations.

 

[Ultra Grump]

Yes, I understand that. I also understand it was a wholly-Republican, supposedly pro-capitalism administration and Congress that did that. An administration that is patently anti-labor and anti-union. An administration you seem to wholeheartedly support.

 

[gunfyter]

The Federal Reserve is a Private Corporation

So says the US 8th Circiut Court:

Thus, the rationale behind Rule 4 does not apply to the

Federal Reserve Banks and does not justify labeling the Bank a federal agency.
In light of the definition of agency in Title 28, the Hoag analysis, and the fact that the purpose of Rule 4 is not particularly well-served by declaring the banks to be federal agencies, we conclude that the Federal Reserve Bank of Kansas City is not a federal agency. Accordingly, the motion to dismiss the appeal is granted.​

http://www.ca8.uscourts.gov/opndir/05/04/042357P.pdf#search='Lewis%20v.%20United%20States%2C%20680%20F.2d%201239%20%281982%29'


​

and the US 9th Circuit Court:

Lewis v. United States, 680 F.2d 1239 (1982)

John L. Lewis, Plaintiff/Appellant,
v.
United States of America, Defendant/Appellee.
No. 80-5905
United States Court of Appeals, Ninth Circuit.
Submitted March 2, 1982.
Decided April 19, 1982.
As Amended June 24, 1982.
Plaintiff, who was injured by vehicle owned and operated by a federal reserve bank, brought action alleging jurisdiction under the Federal Tort Claims Act. The United States District Court for the Central District of California, David W. Williams, J., dismissed holding that federal reserve bank was not a federal agency within meaning of Act and that the court therefore lacked subject-matter jurisdiction. Appeal was taken. The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations.
Affirmed.
​

 

[jetflyer]

Gunfyter is correct.

From Google video:
The truth about the Federal Reserve System
... Have you ever wondered where money really comes from? The Federal reserve bank is not federal and does not have any reserves.
Documentary - 42 min - Jan 26, 2006

Jet

 

[FamilyGuy]

Unions are Capitalism in Action. The object of Capitalism is to form MONOPOLIES... or sometimes Cartels... to avoid Price Competition. Put hotels on Boardwalk and Park place and jack up the Prices. A union is a Cartel of labor.

Do you think NJ management is in favor of Competition?

No they would like to crush the competition.

You see Labor and management are both capitalistic....

The object of Capitalism is PROFIT, not to form monopolies or crush competition. The latter two can be ways to increase profits, but its not the objective of capitalism.

Communism also wanted to crush the competition....

 

[Bad Monkey!]

Blahh blah, blahh, blah, blahh...

Get a f@#$!^' grip on scheduling and let the healin' begin.

 

[FamilyGuy]

So says the US 8th Circiut Court:

Thus, the rationale behind Rule 4 does not apply to the

Federal Reserve Banks</B> and does not justify labeling the Bank a federal agency.​

In light of the definition of agency in Title 28, the Hoag analysis, and the fact that the purpose of Rule 4 is not particularly well-served by declaring the banks to be federal agencies, we conclude that the Federal Reserve Bank of Kansas City is not a federal agency. Accordingly, the motion to dismiss the appeal is granted.​

http://www.ca8.uscourts.gov/opndir/05/04/042357P.pdf#search='Lewis%20v.%20United%20States%2C%20680%20F.2d%201239%20%281982%29'​

and the US 9th Circuit Court:


<B>

Lewis v. United States, 680 F.2d 1239 (1982)</B>​

John L. Lewis, Plaintiff/Appellant,​

v.​

United States of America, Defendant/Appellee.​

No. 80-5905​

United States Court of Appeals, Ninth Circuit.​

Submitted March 2, 1982.​

Decided April 19, 1982.​

As Amended June 24, 1982.​

Plaintiff, who was injured by vehicle owned and operated by a federal reserve bank, brought action alleging jurisdiction under the Federal Tort Claims Act. The United States District Court for the Central District of California, David W. Williams, J., dismissed holding that federal reserve bank was not a federal agency within meaning of Act and that the court therefore lacked subject-matter jurisdiction. Appeal was taken. The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations.​

Affirmed.​

Gun - We may not agree, but at least you take the time to think things through and do some research before you post.

That said, you should read the cases you are citing a little more closely before relying on them to support your case. In the first case, the court clearly draws a distinction between the 12 individual federal reserve banks, and the Federal Reserve Board of Governors. The Board of Governors is the entity that sets the Federal Reserve Rate (currently 5.25%) and If you refer back to my earlier posts you will see that the Federal Reserve website explicitly calls the Board a 'governmental agency'.

I also find it interesting that you completely glossed over this section in the first case:

Sixth, although no statute designates the Federal Reserve Banks as federal
agencies, some courts have treated the Federal Reserve Banks as federal agencies in other contexts. See, e.g., Taxation of Mass., 499 F.2d at 62 (stating that the interests of the banks are indistinguishable from those of the federal government in the context of fiscal policy); Brink’s, Inc. v. Bd. of Governors of Fed. Reserve Sys., 466 F. Supp. 116, 117-18 (D.D.C. 1979) (noting that the Federal Reserve Banks are agencies for purposes of the Service Contract Act).

If you'll provide the link for the second case you cited, I'm sure we'll find similar contradictions by the courts.

And speaking of the contradictions and hypocrisy of the courts....

You should also dig a little deeper before you start posting findings from the 9th circuit court....they are the ones that also ruled that it was unconstitutional to have "under God" in the Pledge of Allegience.

http://archives.cnn.com/2002/LAW/06/26/pledge.allegiance/

http://caselaw.lp.findlaw.com/data2/circs/9th/0016423p.pdf

Here's some interesting stats on the historical reversal rate for the 9th circuit court and the other circuit courts as well....

http://www.law.com/jsp/ca/chartCA.jsp?id=1088439698783

http://www.centerforindividualfreedom.org/legal/reversal_rates.pdf

 

[FamilyGuy]

If you knew anything about NJA aircraft sales and how the funding of the aircraft works, you would realize that Gun is right and that you are way off base here.

Oh yeah....I forgot that they have a block of instruction on NJA Aircraft sales and funding of aircraft in pilot training.

Help me out here....is that block of instruction in the initial new hire training, or recurrent?

 

[Guitar rocker]

Oh yeah....I forgot that they have a block of instruction on NJA Aircraft sales and funding of aircraft in pilot training.

Help me out here....is that block of instruction in the initial new hire training, or recurrent?

Ahhh, yahhhh, that information isnt readily available in some "block of instruction" somewhere. Why dont you ask, find out the facts and then post here? There are plenty of folks in the ship that know how it works.....

Just a hint, dont tell them that you told everyone here at FI that NJA pays for these planes several years in advance without having owners on them. They are gonna laugh at you.....much as I cant help but laugh at you as well.

 

[gunfyter]

FG

Who are you going to believe? A bunch of Counterfeiters who say they are the Government on their website... or US Circuit Courts in not only the 9th but the 8th District. Or do you believe FRN's are Real Money?

Here is some research questions for you:

How many branches of government are there?

Which branch does the FED fall under?

Before you answer, Remember that the authority to Coin Monies and regulate the value thereof is restricted by the COTUS to the Congress of the United States.
=========================================
The bottom line is the Money loaned at 5.25% is NOT government money... It is borrowed BY the government... After it is created out of thin air.

This is similar to Fractional Aircraft business. How, I wonder, can I run an airline without paying for airplanes? I know! I will get the passengers to buy the airplanes and get them to place the planes under MY operational Control.

In both cases theoretically, profits are made without Risking one's own assets. This is what is called a RISKLESS TRANSACTION....