Thread: Economics The "Fed"
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Old 02-26-2014, 10:07 PM   #71
petegz28 petegz28 is offline
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Quote:
Originally Posted by scott free View Post
Quit using the theories of others on a myriad of things as the excuse to ignore the ONE thing you find somehow questionable.

For example... do YOU trust the FED with American money, when they can give one word answers to Congressmen and walk away, do you trust that they have this nations best interests at heart? If not, just how much American money ARE you willing to give away before it chaps your ass?

Cypress has had money stolen from them, food prices are skyrocketing.
Ukraine... headed there.
Venezuela, stolen money, outrageous food prices.

When does all o this catch up to America? never? ****ing please, we're unfortunately a part of the global economy now... heres a good question, why are WE exempt from extreme grocery and gas prices, if wealth takeover is possible in Cyprus, why wouldn't it be allowed here in time?

I'm not claiming imminent danger, but the fact is that simple "what if" questions pretty much get blown out the door here, that in itself is scary... "where are the American peoples heads at, what would they do to defend this country in the face of the EXTREME?"
We are exempt namely because the world's commodities are denominated in US $'s. But as the Fed keep eroding the $ the prices will continue to climb. I have listened to several economists now and other financial people that are starting to state that the excessively low interest rates are hurting because of the effect it has on the every day, middle class. I have been arguing it for the last couple years but it's nice to hear others saying it as well.
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