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Let's talk Economy
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Normally the free market balances things out, but when the the Federal Reserve Banking System in the US comes in with ridiculously low interest rates, that are less the half the inflation rate, things turn unreal and unbalanced.
The banks are sitting on so much freshly printed money that they will give out loans to almost anybody. A feeding frency starts in a hurry, leading to a massive bubble.
The bubble burst and those who made money quickly stash it away in some forgeign shelter, those who lost cry out for help from the same folks who created the missery in the first place.
The US Federal Reserve was created by politicians under rather shady circumstances. Look what Fed had for leadership lately. There was Alan Greenspan (no he is not related to me), a man who could not put his thoughts into any understandable sentences. Now we have the bearded guy, who hasn't said anything worthwhile either.
Just my observation.
The banks are sitting on so much freshly printed money that they will give out loans to almost anybody. A feeding frency starts in a hurry, leading to a massive bubble.
The bubble burst and those who made money quickly stash it away in some forgeign shelter, those who lost cry out for help from the same folks who created the missery in the first place.
The US Federal Reserve was created by politicians under rather shady circumstances. Look what Fed had for leadership lately. There was Alan Greenspan (no he is not related to me), a man who could not put his thoughts into any understandable sentences. Now we have the bearded guy, who hasn't said anything worthwhile either.
Just my observation.
Last edited by vegaseat; Sep 28th, 2008 at 10:42 am.
May 'the Google' be with you!
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Originally Posted by vegaseat 
Normally the free market balances things out, but when the the Federal Reserve Banking System in the US comes in with ridiculously low interest rates, that are less the half the inflation rate, things turn unreal and unbalanced.
The banks are sitting on so much freshly printed money that they will give out loans to almost anybody. A feeding frency starts in a hurry, leading to a massive bubble.
The bubble burst and those who made money quickly stash it away in some forgeign shelter, those who lost cry out for help from the same folks who created the missery in the first place.
The US Federal Reserve was created by politicians under rather shady circumstances. Look what Fed had for leadership lately. There was Alan Greenspan (no he is not related to me), a man who could not put his thoughts into any understandable sentences. Now we have the bearded guy, who hasn't said anything worthwhile either.
Just my observation.
I upped my sanitary measures, up yours!
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There are plenty of folks who drive 20 miles out of their way to fill up their gas (petrol) tank at a station that sells the stuff for 2 cents less.
No one died when Clinton lied.
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Imagine a world without hypotheticals....
You can have my book when you pry it from my cold, dead fingers.
You can have my book when you pry it from my cold, dead fingers.
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Now, if the damage to the US banking system had been done by some external agent, GW (bless his little cotton socks) would be declaring war (with a $700Bn price tag).
But because the damage was done by a bunch of brown nosing yahoo's from the old boys club, who'll kick back some of the slush fund back to the politico's, the US tax-payer has once again been plucked and stuffed just in time for thanks-giving.
Just remember who you're thanking, and what they've given you.
But because the damage was done by a bunch of brown nosing yahoo's from the old boys club, who'll kick back some of the slush fund back to the politico's, the US tax-payer has once again been plucked and stuffed just in time for thanks-giving.
Just remember who you're thanking, and what they've given you.
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Americans: always willing to share. 
Last edited by Dave Sinkula; Oct 6th, 2008 at 12:43 am.
"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." --Ayn Rand
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Good article on how Europe is reacting, Dave. It's all tied together, banks, stocks, insurance, etc.
Did you ever reflect on the role of a stockbroker? Just a legal bookie! The stockbroker made a deal with some politicians.
This is been paralleled in the real estate market...problem is you can only lay off so far under public scrutiny...and then when someone gets caught with their pants down...well, you can't easily take him to dinner with the fishes...
Did you ever reflect on the role of a stockbroker? Just a legal bookie! The stockbroker made a deal with some politicians.
This is been paralleled in the real estate market...problem is you can only lay off so far under public scrutiny...and then when someone gets caught with their pants down...well, you can't easily take him to dinner with the fishes...
"No one remembers who climbed Mount Everest the second time." — Na Nook.
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Originally Posted by zeroth
Good article on how Europe is reacting, Dave. It's all tied together, banks, stocks, insurance, etc.
Did you ever reflect on the role of a stockbroker? Just a legal bookie! The stockbroker made a deal with some politicians.
This is been paralleled in the real estate market...problem is you can only lay off so far under public scrutiny...and then when someone gets caught with their pants down...well, you can't easily take him to dinner with the fishes...
Imagine a world without hypotheticals....
You can have my book when you pry it from my cold, dead fingers.
You can have my book when you pry it from my cold, dead fingers.
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Very good find!
No one died when Clinton lied.
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Join Date: Oct 2006
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In the news today:
With that kind of income George Bush's taxcut makes a lot of sense. Wonder which foreign country he use to stash the loot?
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The former CEO of the bankrupt Lehman Brothers, Richard Fuld, became the poster boy for Wall Street greed today as he defended the $484 million he received in salary, bonuses and stock options since 2000.
Last edited by sneekula; Oct 6th, 2008 at 4:48 pm. Reason: loot
No one died when Clinton lied.
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