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Thread: Bloomberg:Fed Prepared to Take Bigger Role in Combating Financial Crisis

  1. #1

    Bloomberg:Fed Prepared to Take Bigger Role in Combating Financial Crisis

    "Sept. 18 (Bloomberg) -- Federal Reserve officials are signaling they are prepared to take an even larger role in trying to contain the deepening financial crisis. "

    http://www.bloomberg.com/apps/news?p...d=aNJwnVtjN_kg

    Oh great - as if they haven't "helped" enough already by seizing various private companies without even a "by your leave" from the shareholders. Our capitalist system is increasing looking like Nazi Germany, Russia, Venezuela - nationalizing this or that at the whim of the bankers.

    I watched the movie "Money Masters" http://video.google.com/videoplay?do...19560256183936 a few days ago, whose premise is basically that the world is run by a worldwide cabal of central bankers. I was skeptical about a lot of the theories in the movie, but one central theme seems to be coming to pass - the central banks have created an economic crisis so that they can "save us" by buying up our assets at pennies on the dollar, with their fiat currency printed from thin air. Frannie, AIG - these were just the beginning - the FED looks like it may take control of several more institutions. You can add Bear Sterns - JPMorgan got them for next to nothing, and they are a key member of the Federal Reserve. Whether this was an intentional act by the central banks, or just their desperate reaction to market conditions - I am not really sure. The net result is the same.

    The FED could end up owning our auto industry, our financial industry, and who knows what else.



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  3. #2
    the fed needs to save us

    thank god they are here

    what would we do without them

    thank god

    lol
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  4. #3
    an even bigger role?? I cant imagine what that role would be, nationalizing all banks?
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  5. #4
    Nah, they're going to "nationalize" the Treasury, then it'll be KING BEN I, thank you very much.

  6. #5
    Quote Originally Posted by Thrashertm View Post
    The FED could end up owning our auto industry, our financial industry, and who knows what else.
    And since they do it with money they print that's backed by nothing, They are owning it all with the same amount of money that I have. None. I'm in the wrong business.

  7. #6
    Quote Originally Posted by RJB View Post
    And since they do it with money they print that's backed by nothing, They are owning it all with the same amount of money that I have. None. I'm in the wrong business.
    If I was allowed to rack up debt of $10 Trillion, I could own a few industries myself. My credit score is over 720, maybe I should apply for the credit! lol
    "I'm not just trying to win or get elected. I am trying to change the course of history" - Ron Paul

  8. #7
    Quote Originally Posted by tsetsefly View Post
    an even bigger role?? I cant imagine what that role would be, nationalizing all banks?
    LOL, seriously, that's what i was thinking too. To quote one of the talking heads "the fed is basically using a bazooka in it's arsenal", that must mean their going to nuke the rest of the private industry next.

    Karl Marx would be proud.
    Quote Originally Posted by Mitt Romneys sideburns View Post
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  9. #8
    Banks and Government: 2 Peas in the Pod of EVIL

    All American Markets, transactions, people will always be on the Federal Government's Dog Leash.

    Nothing will ever be cut FREE again.

    Totalitarianism very well polished! Maybe that POS PRESS Nazi Dana Perino can communicate, "It's for the good of the Government, ah, Country!!" is what she meant.
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  11. #9
    Quote Originally Posted by bruno1969 View Post
    If I was allowed to rack up debt of $10 Trillion, I could own a few industries myself. My credit score is over 720, maybe I should apply for the credit! lol
    Mine's over 800, can I bid on Morgan Stanley with taxpayer money? LOL
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