Would it concern you if the Fed caused the Great Depression?

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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: jpete On: Sun Mar 31, 2013 10:47 am

Looks like he got Ron Paul's old filing cabinet when he moved out. :)
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: VigIIPeaBurner On: Sun Jul 21, 2013 8:04 pm

Performing some CPR on this thread.

Goldman Sachs is at it using the unlimited access to free money they got. Precious metals? Beer cans to the rescue!

http://www.nytimes.com/2013/07/21/busin ... =all&_r=2&
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: CapeCoaler On: Sun Jul 21, 2013 10:24 pm

goin' after the copper next...
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: anthony7812 On: Mon Jul 22, 2013 7:56 am

ooooo, copper! REDNECK GOLD in these parts. Im at a loss on how the fed causing the great depression would benefit them? I guess more power legislation in the aftermath? I gotta reread this thread.
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: mattcoalburner On: Mon Jul 22, 2013 3:46 pm

lsayre wrote:Perhaps the major difference that I can see between the current economic malaise and the Great Depression is that in the current situation it is not the Federal Reserve that is contracting the money supply intentionally, but rather that the Wall Street and mega-bank types have made a relatively new toy call derivatives (side bets placed upon real economic transactions, often called insurance policies in an attempt to legitimize them) into a monster of proportions far exceeding not only the entire globes GDP, but also its net worth, and by factors of 100 or more. These highly leveraged time bombs can not possibly ever pay off, since all of the money on earth is nowhere near enough to cover all of the bets currently sitting on the gaming table. The Federal Reserve didn't create this derivatives mess, but as these instruments of financial destruction implode the Fed feels it is their task to cover for them by forever bailing out the various "too big to fail" players who sit at the gaming table. As these instruments of financial destruction implode they destroy wealth and contract the money supply. Ben sees this as being akin to what the Fed itself did in the very late 20's and right on through the 30's and into the 40's. He is therefore confident that the solution to what in reality is "Gambling Gone Wild" is to throw endless money at the gamblers. Is he right? Or is he merely fueling the fire of their addiction? And can their gambling binge go on forever with Fed assistance?

So far only a very tiny fraction of the gambling bets have imploded and required Fed covering....


Its not all about wall street, our government debt (social programs mostly) are causing our government to print too much money again
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: mattcoalburner On: Mon Jul 22, 2013 3:46 pm

lsayre wrote:Perhaps the major difference that I can see between the current economic malaise and the Great Depression is that in the current situation it is not the Federal Reserve that is contracting the money supply intentionally, but rather that the Wall Street and mega-bank types have made a relatively new toy call derivatives (side bets placed upon real economic transactions, often called insurance policies in an attempt to legitimize them) into a monster of proportions far exceeding not only the entire globes GDP, but also its net worth, and by factors of 100 or more. These highly leveraged time bombs can not possibly ever pay off, since all of the money on earth is nowhere near enough to cover all of the bets currently sitting on the gaming table. The Federal Reserve didn't create this derivatives mess, but as these instruments of financial destruction implode the Fed feels it is their task to cover for them by forever bailing out the various "too big to fail" players who sit at the gaming table. As these instruments of financial destruction implode they destroy wealth and contract the money supply. Ben sees this as being akin to what the Fed itself did in the very late 20's and right on through the 30's and into the 40's. He is therefore confident that the solution to what in reality is "Gambling Gone Wild" is to throw endless money at the gamblers. Is he right? Or is he merely fueling the fire of their addiction? And can their gambling binge go on forever with Fed assistance?

So far only a very tiny fraction of the gambling bets have imploded and required Fed covering....


Its not all about wall street, our government debt (social programs mostly) are causing our government to print too much money again
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: gunloader55 On: Fri Sep 27, 2013 11:01 pm

I know many on here heard stories from parents or others that lived thru the depression.Many people i fear want be ready when times get hard again.just heard today real debt no.is 211 trillon so i see hard times coming.

Started pawn shop in 2000 and have seen class of customers changing last few yrs.Many people in now pawning that never would 4-5 yrs ago,I'm telling you for lots of folks there's a depression now.Thats why i've dropped rates from 25% to 15% and lower at times,because i have to live with myself.

And when it happens again dem. and rep. are at fault we've all be sold out for greed and power
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: samhill On: Sat Sep 28, 2013 8:22 am

As I said many times GL the difference between the two is we're in a recession when your neighbors are out of work & it's a depression when you are out of work. Same goes for many things now a days, when the fighting our young folks are doing is a five minute edited piece on the evening news there is no war but if bullets are aimed at you your in a war. It's become the American way if it doesn't directly effect you then it doesn't exist, maybe that's why we never paid for the last two, not even a penny out of pocket for the wars, they even cut taxes. :cry: Nobody cares for anyone except themselves for the most part anymore, your an exception to the rule.
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: jpete On: Sat Sep 28, 2013 12:48 pm

When you say "nobody", you mean the nobodies that make policy in D.C.?

Because I know I nearly died of heat stoke down there protesting GWB's wars.

Odd that "nobody" on the left seems to feel the same about President Peace Prize's wars.....
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: samhill On: Sat Sep 28, 2013 5:02 pm

Jpete, I get tired of the once again & still yet with you, you pick out the words & leave the rest, I said for the most part. Exactly what other wars are our troops fighting except maybe trying to get paid? Never mind it would just go back to 1913 or there abouts.
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: jpete On: Sat Sep 28, 2013 9:16 pm

Ask the family of the RI National Guard member who was one of the "UN troops" that got assassinated by the Afghan he was training what war we are fighting...
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: LoschStoker On: Fri May 16, 2014 9:20 pm

The Creature from Jekyll Island
How the Federal Reserve got started.
http://www.youtube.com/watch?v=dukczz_kyco
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: oliver power On: Sun May 18, 2014 9:02 pm

Here's what I don't understand.......... Of the two political parties, how could one party stand by, and watch the other party run the entire country into the ground. I would think the opposite party would slam the brakes on, and say "WAIT JUST A MINUTE"! "NO WAY ARE WE GOING TO LET YOU CONTINUE"! Instead, the opposite party says " IT'S THERE TURN, WE CAN'T DO ANYTHING". I think it's a lot of BULL. I can go on, and on, but I won't. I have more important things to do. Oliver
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: jpete On: Sun May 18, 2014 9:07 pm

You went off the rails by assuming there are two parties.
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Re: Would it concern you if the Fed caused the Great Depression?

PostBy: oliver power On: Sun May 18, 2014 9:15 pm

jpete wrote:You went off the rails by assuming there are two parties.
You're probably right Pete. It's a big hoax on all of us. Keep us baffled. Can always point the finger at the other side.
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