|
YOELTHEKING (December 31, 1969 at 11:59 pm)
The Fed is what's wrong. Its needs to die!
JKwingsfan (December 31, 1969 at 11:59 pm)
Actually, the reason the system failed is BECAUSE the government interfered. They mandated that FNMA and FHLMC make a number of sub-prime loans. The market crashed due to the numerous foreclosures causing AIG to deplete its cash reserves for lending institutions who lent indiscriminately at ARTIFICIALLY LOW rates (thanks to the Fed) to anybody with a social security number (thanks to Congressional mandates), and bought derivatives to compensate for it. In a phrase, market bubbles always burst.
FireZeus (December 31, 1969 at 11:59 pm)
Civil war between 1861 & 1865 had nothing to do with freeing the slaves. It had everything to with England pumping money and resources into the south to keep the slave trade going for textiles. Without the cotton that was being shipped to England to make clothing and various textiles England's economy would see a recession. Just like Israel is using Afghanistan as a center for opium/ecstasy trade. It's all about the money. History is written by the winners and not by losers. Decipher it if u can
FireZeus (December 31, 1969 at 11:59 pm)
1835 is when Andrew Jackson defeated America's 2 central banks and paid off the national debt. between 1836 and 1913, when the FIAT Empire aka Federal Reserve/IRS was created. The nations economic growth and overall safety and sovereignty was at its finest. The Federal Reserve/IRS is nothing more than a tool to transfer wealth from the lower and middle class and give it to the elitist/upper class. Continue being a sheeple. Don't let me waste rounds on your ass on the battlefield soon to come. :)
jonald77 (December 31, 1969 at 11:59 pm)
Also, the price of gold is being manipulated lower by large bank shorts. This is only temporary however, but may lead to a systemic failure in the comex markets. If you don't believe the price is manipulated, try to buy some physical gold at anywhere near the spot price.
Justgetout (December 31, 1969 at 11:59 pm)
wow its ron paul exactly 25 years ago.definitely looks much younger
hyylo (December 31, 1969 at 11:59 pm)
Gold might have fallen but this is only temperate. The dollar has risen because the government is promising to bail out companies and wall street. However as the fed prints more money inflation will continue to debase the dollar. Look at historical records and compare them to the present. Gold maintains its value. You are an idiot to think the dollar will hold its value. I guess you are the type of person that watches fox news.
amsd1231 (December 31, 1969 at 11:59 pm)
I thank god for letting people like you to exist. After all someone has to buy things at sucker's rally so I can get out. I gave you thumbs up for this reason. As for your logic, I will take gold(up about 250% since 2001) over the dollar(USD index at 120 in 2001 and 85 today)
profwito (December 31, 1969 at 11:59 pm)
Actually, it's because banks are shoring up on reserves.
ktorp18 (December 31, 1969 at 11:59 pm)
"Japan's central bank began cutting rates more than a decade ago, but the country remains mired in a stagnant economy. Ultimately, interest rates were cut to zero, where they have remained for several years. This rate cutting has failed to stimulate the economy, however. The Nikkei stock market index remains at 1980s levels, while Japanese unemployment recently exceeded 5%, the highest rate in decades."-Ron Paul (2004) |
