Brawls at the Fed

Discussion in 'Current Events' started by bigrebnc1775, Aug 26, 2010.

  1. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    I am placing this here for an honest discussion. I wonder how true this is. It is my opinion that something is up but can't quite place it. Anyway heres the rest of the story.

    A senior Washington intelligence source reported this morning that a serious fight has erupted inside the Federal Reserve over hyperinflation, and that people close to the Fed are going to be leaking details, which means the fight will intensify and become more public. He added that that fight is now erupting inside this week's annual Jackson Hole economic summit of the Fed, whose host, Thomas Hoenig of the Kansas City Fed, has publicly dissented from Bernanke's hyperinflationary decisions at each of the last eight meetings of the Federal Open Market Committee. And indeed, sources at that Jackson Hole gathering report that it is an extremely interesting one, especially its off-the-record discussions.
    Brawls at the Fed, as the System Comes Down
     
  2. Mini 14
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    Mini 14 Senior Member

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    October

    Which happens to have been my very first post on this site.

    October is going to be the darkest days in all of American history.
     
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  3. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Maybe, but prepare for the worst and hope for the best
     
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  4. Rezonator
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    Rezonator Member

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    The money quote from the article:

    "You're seeing reflections of the fact that anybody on the inside knows, without any statistical mumbo-jumbo, that this system is coming down fast."

    Not fast enough. The Fed and the IRS have been a twin cancer on this nation since they both were set up in 1913, in strict compliance with the Communist Manifesto. They created every bit of this mess, so let it come down around them, and when it does, salt the earth where they stood.

    [​IMG]
     
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  5. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    No one seems to give a damn.
     
  6. Claudette
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    Claudette Gold Member

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    When and if it comes down they will.


    There will be hysterics and finger pointing galore.

    Of course it will all be Bush's fault doncha know. LOL
     
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  7. Samson
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    Samson Póg Mo Thóin Supporting Member

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    Here's the problem:

    You want an honest discussion, but you use a dishonest resource "LaRouche PAC."

    Here's an example of the dishonesty I'm referring to from the article you've cited:

    So, there was only ONE, Hoening, that voted against the purchase of "hundreds of billions of Treasuries"

    And the decision was "insane?"

    16 voted FOR the decision.....was it MASS INSANITY???:doubt:

    No, the article is dishonest.
     
    Last edited: Aug 27, 2010
  8. editec
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    editec Mr. Forgot-it-All

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    Of course they're debating this issue.

    Because they BOTH right!

    On one hand we are facing hyperinflation...IF the economy starts to recover and nothing else changes?

    You can count of hyperinflation.

    BUT....

    I don't see us doing anything that is really going to get us out of this DEFLATIONARY cycle we're in right now.

    In fact, what we seem to be doing seems likely to exacerbate that problem.

    The money supply is wildly out of balance for this kind of consumer driven economy, folks.

    The consumers have no spare money.

    And since they are scared, or broke, they will continue paying down debts or going broke, getting fired or being so frightened of getting fired that they won't spend a cent they don't have to.

    I can think of dozens of way to solve this problem, but none of those are going to happen because its the supply siders who control the banks, the government and the corporations, too.

    This is a TRAGEDY OF THE COMMONS written out in an international economy, folks.

    If everybody does the rational thing to help themselves, then their combined actions (or inactions) lead to a tragedy for pretty much all of us.
     
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    Last edited: Aug 27, 2010
  9. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    True Bush will be blamed, but does it matter who did what? When it falls who do we have to pick up the pieces?

    Stop depending on the government. People need to be more self -supporting. Families need to reconnect because thats all you will have that you can really count on.
     
  10. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    What ever the source is it's telling the truth this time.
     

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