Obama ORDERS Bernanke To Buy Him The Election

Discussion in 'Election Forums' started by Contumacious, Sep 13, 2012.

  1. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Monetizing debt is not good for the economy.
     
  2. TakeAStepBack
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    TakeAStepBack Gold Member

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    The federal reserve is out of ammo. Obama is a failure, but this isn't an admission to that. This is the federal reserve signaling they are willing to destroy the dollar in order to bail out banks because they have no other way of dealing with the monetary crisis they created.

    In other words, Ron Paul is going to get his wish by default. The federal reserve is goign to abolish itself. We just have to go along for the ride. In positive news, gold and silver will soar due to all the cheap currency.
     
  3. 8537
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    8537 Senior Member

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    We've been monetizing debt - both public and private - for a century.
     
  4. Contumacious
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    Contumacious Radical Freedom

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    The economy will remain sick as long as politicians are able to fuck around with the same and the Federal Reserve Board exists.

    .
     
  5. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Nah, the Board ain't going nowhere, and you are not in jail. Life is good for you. Quit squawking.
     
  6. Liberal
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    Liberal Libruhl! Libruhl!

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    Obama is about as responsible for this as Bush was for driving hurricane Katrina into N.O. with his weather machine.

    Give it a rest.

    The argument should about the validity/solvency of the fed doing this, not accusing the POTUS of making it happen.

    :lol:
     
  7. Contumacious
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    Contumacious Radical Freedom

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    HUH?

    Has Romney ever suggested that the FRB be abolished?

    .
     
  8. Dr.House
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    Dr.House Lives on in syndication!

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    It bought him another credit downgrade....
     
  9. Contumacious
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    Contumacious Radical Freedom

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    [​IMG]


    Buying a LOAF OF BREAD during the German Hyperinflation

    .
     
  10. Middleoftheroad
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    Middleoftheroad Active Member

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    Yes but have you even bothered to do the math?

    America = 74 trillion in assets.
    Bond buying program 40B per month or 480B per year.

    480B/74 trillion = .64%
    So your "hyperinflation" comes out to well less then 1% per year...
     

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