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Federal Reserve Refusing to Identify $2,000,000,000,000 in Loans

Discussion in 'Political Discussion' started by maverick4, Nov 10, 2008.

  1. maverick4

    maverick4 Banned

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    4 years ago this illegal private institution stopped publishing M3 data. Now people are starting to realize the Fed has flooded the world with monopoly money, and that they are hiding this fact. Hyperinflation t-minus 6 months...

    Bloomberg.com: Worldwide

    Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

    Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
    Last edited: Nov 10, 2008
  2. PatriotsReign

    PatriotsReign Rookie

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    rest easy Mav...hyper inflation will never happen. Of course, none of us would ever want to see that happen including you. So you can be sure the gov't is not bliind to the possibilities that exist.

    The entire world is in the same boat, so the US is not alone.
  3. maverick4

    maverick4 Banned

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    How will hyper-inflation not happen?
    I see deflation happening first, as you also think, but how it is not a near-certainty that hyperinflation is going to happen in the very near future?

    You can't keep pumping trillions into the system without drastically de-valuing the dollar. A loaf of bread is going to cost 5 dollars, there are way too many dollars in the system.
  4. PatriotsReign

    PatriotsReign Rookie

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    Mav...look up how much OTHER countries are printing money and you'll find your answer. If we were the only country printing money, then maybe you'd be right. Please don't tell me you view Peter Schiff as some sort of guru.
  5. maverick4

    maverick4 Banned

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    Peter Schiff may be saying this, but people like Jim Rogers have been saying this for years. He's not just talking, he has even moved his entire family, he lives in Singapore right now.
  6. PatriotsReign

    PatriotsReign Rookie

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    ........and?

    No economist is a guru Mav. take them all with a grain of salt. It's like forecasting the weather. Yeah, maybe keep your umbrella handy, but don't buy a submarine.

    Rogers moving to Singapore is like some global warming fanatic selling his home on the cape and moving to a mountain. Both would be viewed by most as pretty crazy.
  7. maverick4

    maverick4 Banned

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    Except for the fact that Jim Rogers is not some academic economist, he is a multi-billionaire investor who knows what he is talking about and has predicted much of the financial events which have happened the past 5 years, as well as the commodity boom.

    Your analogy about global warming is a bit off. It would be like if some Nobel-winning weather scientist, or the CEO of some huge energy company, all of the sudden took an extreme interest in space flight because he believed the Earth was doomed.
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  8. MrBigglesWorth

    MrBigglesWorth Rookie

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    the Fed needs to be put out of business. ther eis no need to pay interest on money we could print ourselves.

    we're salves to the feds. they are the plantation owners leaching off the worker ants labor
  9. Run DMC

    Run DMC Rookie

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    ahh, the debate rages on. Riddle me this then PR, why doesn't the price of gold drop off of a cliff, if we are in a deflationary environment?
  10. Run DMC

    Run DMC Rookie

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    Anyone who is foolish enough to believe we live in a representative government should contemplate this article. We need a total revolution in the USA yesterday.
  11. MrBigglesWorth

    MrBigglesWorth Rookie

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    how can you have a revolution? we wouldn't know the first place to start other than the whitehouse. we'd ahve to wage computer warfare
  12. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    The Jets just signed Ty Law ... wonder if they're in there. :mad:
  13. PatriotsReign

    PatriotsReign Rookie

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    Like anything in the realm of economics, the answer is not a simple one. First of all, people are scared about their economic future. Gold is always viewed as the safest place to put your money during such times. Second, the average American has no clue that we are beginning to enter into a deflationary period. They're not only not interested in deflation vs. inflation, but they wouldn't know the implications if someone spelled it out for them.

    Lastly, people have lost a lot of money in stocks and have seen their 401K's dwindle away. Many people have either taken their money out or have shifted their investments into commodities like gold. And that is why the price hasn't dropped off a cliff.
  14. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Wait. Maybe this is the revolution. :rolleyes:
  15. PressCoverage

    PressCoverage Banned

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    stonewalling, secrecy, redaction, purged emails... it's all status quo from this government of late... but the fish rots from the head...

    did anyone see that the documents from the bailout are being heavily redacted? gosh, what's to hide Mr. Paulson?

    these people are disgusting criminals... the lot of them...

    Why are Docs From the Bailout Being Redacted?
    by Ben Protess , ProPublica - October 22, 2008 3:56 pm EST

    The U.S. Treasury Department has decided against publicly releasing key details of the contract it awarded Bank of New York Mellon to keep the books for the government’s purchase of toxic securities. In a publicly released copy of the contract, the Treasury blacked out how much it will pay the bank for its role in the government's $700 billion taxpayer-funded bailout.

    The Washington Post first briefly noticed the redactions. Meanwhile, Bailoutsleuth, a site created by Mavericks owner Mark Cuban, has been tracking the redactions and flagging more examples.

    The government’s justification for blacking out the monthly fees set in the publicly bid contract aren’t clear.

    “It looks like a reflexive, ‘we don’t want to tell you,’” said Steven Aftergood, director of the Project on Government Secrecy at the Federation of American Scientists. “I just don’t see the rationale.”​
  16. maverick4

    maverick4 Banned

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    This private institution is illegal and unconsitutional, and was what got JFK and Lincoln killed
  17. PressCoverage

    PressCoverage Banned

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    well, i hope and pray Bloomberg's lawsuit doesn't get erased and stymied...

    we knew they were lying about $700 billion, and that it was much, much more... Paulson sat there and pledged transparency, and now is going back against his promise...

    someone better rescue $2 trillion of America's money before Jan. 20th, or the great wealth tranfer will all but complete...

    rich, greedy, morally corrupt, fat white men sticking together and making billions off war, privatization, cooked books, insider trading, and Bush-backed secrecy....

    we've truly gone the way of Rome... what a joke...
  18. maverick4

    maverick4 Banned

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  19. PatriotsReign

    PatriotsReign Rookie

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  20. maverick4

    maverick4 Banned

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    Welcome to the first step into the rabbit hole.

    Next you will learn about just how warped our idea of moral superiority is, the more you learn about true historical events pertaining to our foreign policy over the past 50 years. We regularly topple democracies who are against our interests and support dictators who do our bidding.

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