CNBC: $187.75 billion borrowed a DAY last week from Fed

[socialize_me]

Everyone's worried about the $700 billion bailout; this one is over $938 billion and it was only for a week!! Inflation is truly the hidden tax--NO ONE talks about this (Except for people within this movement and Ron Paul), it decreases our standard of living and increases the cost of living. This is much, MUCH bigger than just sub-prime guys, but 99% of Americans are convinced these firms are failing because of mortgages; that isn't true. It's from the derivative market. These firms used massive amounts of leverage to try and profit through this rather risky investment strategy and here is the fallout for it. Why in the world would AIG, the world's largest insurance provider, collapse over a mortgage crisis?? I mean I don't go bankrupt if my neighbor goes bankrupt. Wal Mart doesn't go bankrupt because K Mart does. This idea that if these firms aren't bailout that a crisis will spread across the market is bull****!! The only firms that will collapse are the ones who invested with massive amounts of debt to make a huge profit. A solvent bank doesn't collapse because an insolvent bank does. All of the firms that kept their noses clean will be fine.

But again, why does AIG, an insurance provider, go bankrupt in a mortgage crisis??? Why? Its because of these derivatives--not just the mortgages. There hasn't been any major natural disasters lately that could single handedly take AIG down, so why in the hell are they that insolvent?? Doesn't anyone else out there see a problem with this?? That the MSM only reports the mortgage crisis and not the bigger reason behind the collapse of all these firms, many of which have NOTHING to do with issuing mortgages???

[dsentell]

http://images.inmagine.com/img/liquidlibrary/pm0401/pm0401037.jpg

[aspiringconstitutionalist]

http://images.inmagine.com/img/liquidlibrary/pm0401/pm0401037.jpg

We're lucky if they take the time out to actually print the money they create.

Usually they just type some numbers into a computer and, VOILA, money!!

[dsentell]

Makes me feel like this:


http://th160.photobucket.com/albums/t175/quincystacy/th_2191_throwing_up.gif

[socialize_me]

mumps, measles, rubella...blimp!!

[Drknows]

http://img220.imageshack.us/img220/5899/armado1wr9.jpg





.
http://img516.imageshack.us/img516/6585/91260004c6572ac4ej9.jpg

if i had photoshop opened

[HOLLYWOOD]

Congress Spends $43 BILLION yesterday

http://www.bloomberg.com/apps/news?pid=20601087&sid=afjcmM4fJA38&refer=home (http://www.bloomberg.com/apps/news?pid=20601087&sid=afjcmM4fJA38&refer=home)

THe FED has to relieve ELEVATED PRESSURES of the GREENBACK's value and sends $30 BILLION exchange overseas to: Norway, Sweden, Denmark and Australia.

$70 BILLION for the Swiss European Central Bank and $110 BILLION to the Central Bank of Japan.

I WONDER what is China saying about this all? CHINA's credit holders... what's your input to the Play-Doe U.S. Currencies?

Now they're gearing up in the Senate to spend $725 BILLION on defense... well that's what's on the THEIR books.

BANKRUPT FIAT system of the UpSide Down Pyramid MONOPOLY MONEY Scheme of the US government.

Aren't we so proud of these political Clowns? :rolleyes:


Sept. 24 (Bloomberg) -- The U.S. Federal Reserve agreed to channel $30 billion into the global financial system by opening currency swap lines with central banks in Norway, Sweden, Denmark and Australia.

The Fed set up the currency exchange to address ``elevated pressures'' in dollar funding in markets, the Board of Governors said today in a statement.

The U.S. is broadening its effort to revive confidence in markets as concern mounts that a $700 billion plan to rescue the banking system may face delays in Congress. The Fed last week expanded its swap lines with the European Central Bank and Swiss National Bank by $70 billion, and created $110 billion in new facilities with central banks in Japan, the U.K. and Canada.

[Chester Copperpot]

http://i185.photobucket.com/albums/x93/sonicspikesalbum/RonPaulWTF2.jpg

[socialize_me]

http://i185.photobucket.com/albums/x93/sonicspikesalbum/RonPaulWTF2.jpg

LMAO...that was great

[RideTheDirt]

Makes me feel like this:


http://th160.photobucket.com/albums/t175/quincystacy/th_2191_throwing_up.gif
this

[ihsv]

http://www.ronpaulky.org/bernanke.jpg

[socialize_me]

Lol

[voytechs]

http://www.ronpaulky.org/bernanke.jpg

That funny.

[Drknows]

ihsv
bernanke.jpg

Haha hilarious that suit looks good on him.

[BoBoDuFlachi]

needs a helicopter dropping $ in the background.
http://www.businessweek.com/the_thread/hotproperty/bernanke-helicopter.jpg
(http://www.businessweek.com/the_thread/hotproperty/bernanke-helicopter.jpg)

[devil21]

AIG is an insurer of mortgages and mortgage securities among many other things. When those mortgages and the securities tied to them fail, it wipes out AIG's capital. No one here has ever had to buy mortgage insurance before??

[satchelmcqueen]

http://i185.photobucket.com/albums/x93/sonicspikesalbum/RonPaulWTF2.jpg

new shirt ideal right there! nice!