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-   -   Our Federal Reserve is a joke (http://forum.e46fanatics.com/showthread.php?t=864121)

cancell 08-16-2011 04:35 PM

Our Federal Reserve is a joke
 
http://www.theburningplatform.com/?p=19975


Although the insinuation that one person alone(Chairman of Fed Reserve) is to blame is preposterous, the article does a good job showing the effects and some reasons behind the perpetual devaluation of our USD.

DADON4SHO 08-21-2011 04:09 AM

And it's privately owned....

Wraisil 08-21-2011 09:12 AM

Quote:

The reality since Ben Bernanke announced his QE2 policy in August 2010 is:
....
Gold prices are up 42%.
Causation? Correlation? Hmm. Let's check other time periods to see if this is even anything new..
From August 2005 - August 2006 gold prices rose 44% with no QE policy in effect.

Did QE have an effect on commodity prices as the article suggests? If it did, was it negative or positive? Gold price increased less with QE then it did prior to the recent recession without any QE policy in place. Is the author of that article dumb enough to think that one single factor (or more absurdly one person) can really essentially control inflation/deflation and cost of living?

new//M3fan 09-20-2011 02:44 PM

Quote:

The rampant greed on Wall Street, corruption in Washington DC, shallowness of the American people and cowardice of all in not accepting responsibility for their actions will lead to the end of this country as we know it.

The utter failure of QE2, hollow Congressional spending "cuts" that will keep the National Debt on track towards $23 trillion by 2021, S&P downgrade and recent plunge in the stock market are the first cracks in the fašade of the great American Empire. We have entered a period of institutional crisis and this fiscal spiral will lead us further into the clutches of a more centralized authoritarian form of government unless the people stand up to the junta of mercantilist oligarchs that control this country. Do we want to relinquish our remaining freedoms and liberties for the cloak of corporate fascist authoritarian central planning disguised as safety and security? The Romans chose security over freedom. The time has come to make a choice about what we will become. Ben Franklin stated the obvious two centuries ago:

Those who would give up Essential Liberty
to purchase a little Temporary Safety,
deserve neither Liberty nor Safety.

- Ben Franklin
http://img809.imageshack.us/img809/6...790c9143e4.jpg


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