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  #1  
Old 12-13-2007, 03:02 AM
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Default is it really possible to be THIS disconnected from reality?

a commentary provided to me towards the end of the day yesterday...

In the aftermath of the Fed's decision to only drop short-term rates by a quarter percent, they announced Wednesday that they are going to increase the money supply by 3 percent over the next week. It will be the largest one-time admitted injection since 9/11/01. By loaning it, there will be a velocity of money growth logarithmic impact, meaning M-3 will rise much more than just 3 percent. Hyperinflation to the rescue.

The banks are going to get this money, at below market interest rates, so they can lend it and make a bunch of money. Why? It means the Fed is worried about bank earnings, about bank capital levels, and is going to give them a lay-up to earn billions of losses back. Again, this does nothing for mom and pop, who are getting killed by a dead real estate market, job losses, fixed incomes, a doubling of the cost of living, and debt up to their ears. This will accomplish nothing other than to increase inflation, increase the cost of living. More for Wall Street and nothing for Main Street. This recession requires direct help to Main Street. Another "F" for the Master Planners. Good luck with that.
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Last edited by tahoe58; 12-13-2007 at 04:51 AM.
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  #2  
Old 12-13-2007, 04:50 AM
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yea man, it's disgusting.
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Old 12-13-2007, 04:51 AM
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I truly can't F'ing believe the audacity of these folks....drives me freakin nuts!
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yea man, it's disgusting.
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Old 12-13-2007, 04:52 AM
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God bless this country! Weee!
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Old 12-13-2007, 05:42 AM
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This recession requires direct help to Main Street,Wrong,what recession?
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Old 12-13-2007, 06:59 AM
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we should start a petition =/
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Old 12-13-2007, 07:36 AM
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i heard some of this on the news the other morning. the part that caught my attention was......the banks loan each other money........ how exactly does that work? he loans to him then borrows from her. it's one big circle with the customer (you and me) paying all the costs.
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Old 12-13-2007, 11:40 AM
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Its all bullshit.

We all need to start a commune, and not have any currency.
Just favors for one another.
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Old 12-13-2007, 12:32 PM
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Weed could totally save the economy, but those fools wont grow the fuck up!
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