Federal Reserve Refuses to Disclose Where the $2 TRILLION in Loans Have Gone

[Liquid 2]

http://bloomberg.com/apps/news?pid=20601087&sid=apx7XNLnZZlc&refer=home

[fatherofcaitlyn]

Wow! That's a birdie!

[Capitalizt]

Maybe that Ron Paul fella was on to something...

[Dr Mario Kart]

We really do need to fully nationalize them.

[FloodsAreUponUS]

ugh...and the continuation of why we let these assholes handle our money.

[Chase]

It seems like the Federal Reserve has a gambling problem.

[RAMSTORIA]

no surprise here

[fatherofcaitlyn]

We need a remake of "Where have all the Cowboys gone?" New lyrics: Where have all the T Bills gone?

[bigdaddy]

I started whipping my ass with $100 bills, toilet paper will be worth more by the end of the year.

[fatherofcaitlyn]

I started whipping my ass with $100 bills, toilet paper will be worth more by the end of the year.

At least the money is backed with something now.

Hmm. Let's put the dollar on the shit standard.

[detectiveconan16]

I've a feeling it's all of it was used to bailout Big Financial.
And people actually balked at a $14 billion bailout for Big Auto, when 1000X as much was used to clean up Wall Street's messes.

[mykevermin]

I blame the unions. Blue collar workers making a living wage are the enemy. Bank owners making tens of millions of dollars per year need that money to survive.

[thrustbucket]

Is anyone really surprised?

They can, and they will. Until people demand real change.

[GuilewasNK]

Fuck this shit.

I'm gonna go build my own federal reserve, with black jack and hookers. In fact, forget the reserve and the black jack.

[KingBroly]

Saw it coming from Day 1. The Government determines who it goes to, then those people sit on the money until the Government forgets. Then the Government says people can't handle the truth.

[thrustbucket]

When exactly was day 1?

[rickonker]

Don't worry! Now that Obama has been elected this will all be fixed! LOL! :roll:

[Capitalizt]

http://eaglesilverdollars.com/images/silver_eagle_both_sides.jpg
http://www.usagold.com/gold/coins/pics/gold-bullion-eagle.jpeg
http://www.tulving.com/New%20Pages/2008%20Silver%20Eagle%20Roll%2020.JPG

Scoop some up while you still can. They are going fast on Ebay.

[mykevermin]

http://www.nytimes.com/2008/12/17/business/economy/17fed.html?hp

And here's the paragraph of interest to you:

"Far more important than the rate itself, the Fed bluntly declared that it was ready to move to a new phase of monetary policy in which it prints vast amounts of money for a wide array of lending programs aimed at financial institutions, businesses and consumers."

THAT'LL fight off massive inflation! Print more!

[Dr Mario Kart]

Its an old trick to destroy debt. Sink the whole ship. If I owe you $1000 and I print money from the bank of DMK to cover it, inflating the value, I still only have to pay you $1K. In the end, I've actually paid you LESS.

[rickonker]

myke, your economic knowledge seems to have improved in the last couple of years.

Its an old trick to destroy debt. Sink the whole ship. If I owe you $1000 and I print money from the bank of DMK to cover it, inflating the value, I still only have to pay you $1K. In the end, I've actually paid you LESS.

Yes, and as an indirect tax it's also easier to slip past the masses than a direct tax.

[mykevermin]

last couple of years? I've been touting how explosively self-defeating supply-side has been for the better part of a decade, hombre. And nobody seems to grasp, even today, how much that has contributed to where we're at.

[The Crotch]

Aha! I found where the money went!

http://www.simpsoncrazy.com/episodeguide/5F14.jpg

FoC, you have a lot of explaining to do.

[rickonker]

last couple of years? I've been touting how explosively self-defeating supply-side has been for the better part of a decade, hombre. And nobody seems to grasp, even today, how much that has contributed to where we're at.

Are you saying supply-siders are solely responsible for too much money being printed?

[mykevermin]

:wall:

EDIT: I'm going to play Oblivion for a bit, but my short response is that supply-side economics policies have made us dependent on foreign backing to cover our deficit-spending asses, contributed to the destruction of organized labor, dissolved what we bring in per year in taxes, and exacerbated the already-enormous wealth and income gaps between the top quintile and the bottom 4.

[rickonker]

:wall:

EDIT: I'm going to play Oblivion for a bit, but my short response is that supply-side economics policies have made us dependent on foreign backing to cover our deficit-spending asses, contributed to the destruction of organized labor, dissolved what we bring in per year in taxes, and exacerbated the already-enormous wealth and income gaps between the top quintile and the bottom 4.
When you're done banging your head into the wall, I hope you see fit to explain to lil' ol' me...

Edit: Saw your edit. When you return, I'm curious to know if you think supply-side economic policies are solely responsible for the problems you mention.

[mykevermin]

When I'm done with Oblivion. Be patient. ;)

[thrustbucket]

Nobody is ever "done" with Oblivion.

[fatherofcaitlyn]

Aha! I found where the money went!

http://www.simpsoncrazy.com/episodeguide/5F14.jpg

FoC, you have a lot of explaining to do.

:lol: Well done, sir. :applause:

[fatherofcaitlyn]

When you're done banging your head into the wall, I hope you see fit to explain to lil' ol' me...

Edit: Saw your edit. When you return, I'm curious to know if you think supply-side economic policies are solely responsible for the problems you mention.

Is it supply side economics to give out welfare to corporate farms so that they can sell their food out of country cheaper than local farms in other countries which caused those people to work in sweatshops which in turn reduces the number of jobs in America?

[Friend of Sonic]

Its an old trick to destroy debt. Sink the whole ship. If I owe you $1000 and I print money from the bank of DMK to cover it, inflating the value, I still only have to pay you $1K. In the end, I've actually paid you LESS.
Oh, thank God. It's a trick designed to destroy debt. This is okay with me. I thought the Treasury were fucking retarded.

[fatherofcaitlyn]

Oh, thank God. It's a trick designed to destroy debt. This is okay with me. I thought the Treasury were fucking retarded.

Yeah, I had a stain on my bathtub. To get rid of it, I poured gasoline all through my house and burned the house and bathtub into charred rubble.

That showed that stain.

[Friend of Sonic]

Well, they have that Lime Away stuff that works really nice. But I completely feel where you're coming from.

[rickonker]

Is it supply side economics to give out welfare to corporate farms so that they can sell their food out of country cheaper than local farms in other countries which caused those people to work in sweatshops which in turn reduces the number of jobs in America?

Well, what supply side economics essentially boils down to is tax cuts for the rich and not much else. I'm sure some supply siders support corporate welfare and some don't. I'm also sure some who aren't supply siders support corporate welfare and some don't.

BTW, myke sure has been playing Oblivion for a long time. :)

[neschamp]

We really do need to fully nationalize them.

Totally. Being dicked around by a 'quasi-public' banking entity for 95 years is wayyyyy too long in my book.

Side note: Does anyone else think that the idea of 'elastic currency' is a complete joke? Seeing as the Fed has done nothing but stretch the shit out of the dollar since not long after its (the FRS, not the dollar) inception. I know there is an issue with contracting the money supply and a deflationary recession, but uh, we have a recession/depression on our hands ALONG with a totally devalued currency anyway.

[rickonker]

Totally. Being dicked around by a 'quasi-public' banking entity for 95 years is wayyyyy too long in my book.

Side note: Does anyone else think that the idea of 'elastic currency' is a complete joke? Seeing as the Fed has done nothing but stretch the shit out of the dollar since not long after its (the FRS, not the dollar) inception. I know there is an issue with contracting the money supply and a deflationary recession, but uh, we have a recession/depression on our hands ALONG with a totally devalued currency anyway.
Nationalizing them isn't close to being enough, unfortunately.

[rickonker]

For you, myke. Still playing Oblivion "for a bit"? ;)

[mykevermin]

Remind me tomorrow. Drinking beer and watching the wire. Goddamn you're annoying and tenacious about wrenching a response out of me.

Jesus.