randr
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Thu Nov-25-10 12:15 PM
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This could make you laugh and cry at the same time. |
Angry Dragon
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Thu Nov-25-10 12:38 PM
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1. Could you please add some background ....... Thank you |
randr
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Thu Nov-25-10 12:52 PM
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I've got 6 cats in the air and 3 pies in the oven. This video is a bit long but worth the time. Covers the economic situation in the nation in a direct manner.
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dixiegrrrrl
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Thu Nov-25-10 01:25 PM
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4. I promise you it is quite funny and worthwhile. |
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It has gone viral, actually.
The phrase "The Ben Bernake" is being used all over the web now.
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Scruffy1
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Thu Nov-25-10 12:50 PM
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2. I hardly ever view videos-but this one is spot on |
Taitertots
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Thu Nov-25-10 02:03 PM
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5. Just about every single thing in that is wrong |
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They should just call QE what it is, Expansionary Monetary policy.
Most of the problems they blame on the FED are things the FED has no ability to regulate. They couldn't regulate the dangerous investment vehicles, the securitization of mortgages, the CDOs, the division into tranches, sub-prime lending, or the off balance sheet operations. Who could? Republicans! Who deregulated? Republicans!
Lets imagine what would happen if there was no QE1. The FED stops buying government debt, interest rates sky rocket. Unemployment goes through the roof. The money multiplier fell rapidly , so we will have mid double digit deflation. Unemployment goes throug the roof.
How is this the FEDs fault and not Bush and Republicans? The FED is in place to balance interest rates, price stability, unemployment, and regulate banks.
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Greyhound
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Thu Nov-25-10 02:22 PM
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6. "Give me control of a nation's money and I care not who makes her laws." - M. Rothschild |
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The Fed was established by and is run for and by the banking cartel.
You can pretend otherwise if you like...
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Taitertots
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Thu Nov-25-10 02:56 PM
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7. How is that related to the video or what I wrote? |
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Expansionary Monetary policy is essential right now.
The bankers all got together and made an insidious plot to have long term price stability, stable interest rates, and stable production. Actors outside of the FED and outside FED control were the cause of the economic downturn.
Look at the make up of the FED. The power is split fairly evenly with a slight advantage going to appointed positions.
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Greyhound
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Thu Nov-25-10 03:48 PM
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9. "The FED is in place to balance interest rates, price stability, unemployment, and regulate banks." |
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Complete fabrication. The Fed was created by robber barons to stop any further interference from government. To control, exacerbate, and make the boom-bust cycle predicable and therefore profitable, and to systematically and permanently drain this nation's wealth away from its creators and into their pockets.
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inna
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Thu Nov-25-10 03:53 PM
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truedelphi
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Thu Nov-25-10 04:03 PM
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13. Thanks for your explanation. |
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And your patience with the trollish one.
There is an ignore function, and sometimes people who only want to disrupt, and pretend that others who know a bit more than they do are ignorant. And no matter how carefully someone explains something, the explanation falls on deaf ears.
My blood pressure has stabilized once the person arguing with you got put on my "ignore" list.
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Taitertots
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Fri Nov-26-10 01:43 AM
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15. What you are saying does not make QE bad policy |
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Edited on Fri Nov-26-10 01:44 AM by Taitertots
If anything QE is reducing the effect of the crash dramatically.
Everything I'm saying is based on empirically derived relationships. This is what would have happened without qualitative easing. The money multiplier fell in half, the money supply would have crashed. This would have caused mid double digit deflation. Based on empirically derived relationships this would have caused much higher unemployment. Based on empirically derived relationships this would also cause our exports to plummet and imports to increase. The ability of the government borrow depends on the bond markets that the Fed works in. No QE and the interest rates are certain to sky rocket. This would cause unemployment to take an even further hit.
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Greyhound
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Fri Nov-26-10 01:57 PM
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16. And that's a different topic. What makes QE terrible policy is that, as we are already seeing, |
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it then allows the so-called toxic assets to be monetized. This doubly bad for the public as it both dumps the bad bets (looting) onto the general economy, hurting everyone, while allowing the banks to keep them on the books as assets instead of the massive liabilities that they are, allowing the banks to pretend they are profitable when in fact they are insolvent.
So once again we see that the only priority for this Congress and administration is to prop up the parasites at the expense of the citizens.
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AnArmyVeteran
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Thu Nov-25-10 03:07 PM
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8. Great video describing how screwed we are. |
truedelphi
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Thu Nov-25-10 04:00 PM
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11. Thank you for posting it. |
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Those little bears certainly explain exactly how it is that the Peep-ul are being screwed by the Bernake.
And it ain't pretty.
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truedelphi
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Thu Nov-25-10 04:00 PM
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truedelphi
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Thu Nov-25-10 04:51 PM
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14. I've been saying for some time that Geithner could be impeached for the two or more |
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Edited on Thu Nov-25-10 04:52 PM by truedelphi
Times he has lied to Congress.
But Karl Denninger points out that on the very day that Ben Bernake first did a Qualitative Easing (QE 1) he said that he would not monetize the debt.
Big fibber that guy.
So both of these men could be impeached. Will never happen, as too many of the PtB are worshipping them and have voted in the halls of Congress for the programs they have installed.
And in the President's case, he worships and approves of them both.
So whatever they would be indicted for would reflect badly on everyone else.
Of course, except the Middle Class which really deserves to see the people destroying their wealth go down.
But in a banana republic, the middle class exists to be destroyed.
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