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Johnnybags
08-23-2007, 09:46 AM
Another 17.25 billion in counterfeit money today? Obviously the banks can never repay the billions over the last few weeks. So the FED is now owner of crap and making you pay for it thru inflation down the line. All at the behest of Big Banks and the Politicians. Looks like Ron Paul is dead on. Abolish the FED!!!! These people running the country torpedoed the middle class.
nullvalu
08-23-2007, 09:52 AM
Seriously??? God... Link please..
Cowlesy
08-23-2007, 09:54 AM
Seriously??? God... Link please..

http://www.breitbart.com/article.php?id=070823142033.tdr8v597&show_article=1


A bunch of banks borrowed at the discount window as well. I was pretty surprised the Fed needed to inject further liquidity this morning--wasn't expecting that here.
Johnnybags
08-23-2007, 09:55 AM
Also here is the leaders new persona, funny but the joke is on us!!



http://www.dailyreckoning.com/Featured/bernanke-helicopter.jpg
Original_Intent
08-23-2007, 09:57 AM
Analysis: Fed chief blew it

http://articles.moneycentral.msn.com/Investing/SuperModels/RateCutsWontCureAilingMarket.aspx
Cowlesy
08-23-2007, 10:00 AM
Here is a telling article about people running away from commercial paper and into t-bills. Biggest move in a long long time.

http://www.bloomberg.com/apps/news?pid=20601087&sid=artUUFVy0vWU&refer=home
bc2208
08-23-2007, 10:10 AM
Bought some gold yesterday, happy to do so.
ghemminger
08-23-2007, 10:25 AM
I'm getting scared now....I don't see how I can protect myself..don't have huge assets to turn into gold.....My Job...is basically fixed income...I'm screwed


On side note: Can the federal reserve inject some money to me personally?
nullvalu
08-23-2007, 10:31 AM
Analysis: Fed chief blew it

http://articles.moneycentral.msn.com/Investing/SuperModels/RateCutsWontCureAilingMarket.aspx

This is a GREAT article.. everybody must READ IT.
SeanEdwards
08-23-2007, 11:19 AM
I rent, and I'm being taxed through inflation to cover the bad home loans made by Countrywide, etc? How is that fair? Socialism sucks bigtime. :(
Gee
08-23-2007, 01:18 PM
Analysis: Fed chief blew it

http://articles.moneycentral.msn.com/Investing/SuperModels/RateCutsWontCureAilingMarket.aspx
Well, the problem was already there by the time Bernanke became chairman. In his defense, he did try to slow down the printing...
LibertyBelle
08-23-2007, 01:25 PM
The Feds have always been out of control, that has always been their mission, to screw us over! They are not here to help us in any way or fashion. They are hear to steal from us and reak havoc on our economy. As TJ approximately said, a central banking system is more a threat to us than foreign standing armies will ever be.