All this talk about the Fed and Obama...

Discussion in 'Politics' started by uscitizen, Sep 15, 2012.

  1. uscitizen
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    uscitizen Senior Member

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    You all do realize that the federal Reserve is not a government organization don't you?
    It is essentially a banking corporate cartel.
    It makes money off of the debt. All the money the govt borrows from the fed it has to repay with interest.
     
  2. Amazed
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    Amazed BANNED

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    You do know that there was no monetization under Bush?
     
  3. uscitizen
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    uscitizen Senior Member

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    Monitization? You mean QE? If so yes there was.
    But that is off topic for this thread.
     
  4. Quantum Windbag
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    Quantum Windbag Gold Member

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    Don't tell Polk, he thinks that politicians run it because they appoint the people that run it.
     
  5. Amazed
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    Amazed BANNED

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    Educate yourself.

    Under Bush China was still buying the bonds, they quit and so did everyone else.

    Under Obama the Bonds are issued and the Fed prints money to buy yhtem and THAT'S what QE now means....educate yourself.
     
  6. bobcollum
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    bobcollum BANNED

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    In other unrelated news, I just noticed I've developed a hole in a sock I'm wearing.
     
  7. Rocko
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    Rocko Gold Member

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    The Fed is only technically not the government, but practically are. That's why U.S. presidents appoint the chairmans.
     
  8. Amazed
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    Amazed BANNED

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    Another uneducated bumpkin, surely we've exceeded our quota by now.
     
  9. uscitizen
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    uscitizen Senior Member

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    So no one has bought our treasury bonds since Bush went out of office?
     
  10. bobcollum
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    bobcollum BANNED

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    Yes, your statement was far more informative.

    :rolleyes: <----2 in a row for you
     

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