Feds critical role - The Firearms Forum

lefty48 · 03-12-2008, 02:30 AM

Excerpt from Tuesday item in major liberal newspaper:

"In an action that sent stock prices soaring, the central bank offered to let the biggest investment banks on Wall Street borrow up to $200 billion in Treasury securities in exchange for hard-to-sell mortgage-backed securities as collateral. And the Fed made clear that it was prepared to do more as needed."

So, some of you want us to go back to gold standard or something, and demolish Fed role in the economy?

No thanks guys... I'm hoping my limited retirement funds won't be destroyed completely by radical schemes like some of you seem to favor....

Let's all hope like crazy that the current financial system, which is TOTALLY dependent on regulation by the federal government, can continue to maintain itself.

Otherwise we've got some very real and serious problems that go waay beyond a vote for Ron Paul or Mao Tse Dung or Tsung, or whatever you might prefer as some interesting and purist, but rather weird and scary theory.

I don't like Wall Street or the Federal Reserve any more than the next person. But that's what we've got to work with.

Clinton, Bush, Obama, Reagan, Carter, etc., will all appoint Fed chiefs from same cloth. And let's freaking hope so.... All this crap about whether one is different from another is mainly hogwash....

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Terry_P · 04-02-2008, 09:39 PM

Throwing Carter in there gave your point a lot of credibility. I remember 30 year bonds at 12% and mortgage rates of 18% and a stagnent economy. He was the worst and didn't have a clue.

pickenup · 04-02-2008, 11:15 PM

I'm all for letting the feds get an even TIGHTER STRANGLE HOLD on the economy, and our lives, and our rights.

Please tell me mr. fed, how high would you like me to jump?
This time?

[/sarcasm]

Marlin · 04-03-2008, 10:39 AM

The only thing that is critical about the FEDS Role is that - - -

It is DESTROYING our great Republic and our way of life.....

USMC-03 · 04-03-2008, 12:12 PM

Quote:

Originally Posted by lefty48

No thanks guys... I'm hoping my limited retirement funds won't be destroyed completely by radical schemes like some of you seem to favor....

Ah, you mean like those ponzi schemes that pay off early contributors with money from new investors so that when you finally run out of new invertors there are a whole lot of people that have put in money but will get nothing...

You're right, the government needs to step in and outlaw this kind of activity. It's a good thing that Social Security in run nothing like that.

Oh, wait…

03-12-2008, 02:30 AM	#1
lefty48 V.I.P. Member Join Date: Jan 2008 Posts: 122	Feds critical role Excerpt from Tuesday item in major liberal newspaper: "In an action that sent stock prices soaring, the central bank offered to let the biggest investment banks on Wall Street borrow up to $200 billion in Treasury securities in exchange for hard-to-sell mortgage-backed securities as collateral. And the Fed made clear that it was prepared to do more as needed." So, some of you want us to go back to gold standard or something, and demolish Fed role in the economy? No thanks guys... I'm hoping my limited retirement funds won't be destroyed completely by radical schemes like some of you seem to favor.... Let's all hope like crazy that the current financial system, which is TOTALLY dependent on regulation by the federal government, can continue to maintain itself. Otherwise we've got some very real and serious problems that go waay beyond a vote for Ron Paul or Mao Tse Dung or Tsung, or whatever you might prefer as some interesting and purist, but rather weird and scary theory. I don't like Wall Street or the Federal Reserve any more than the next person. But that's what we've got to work with. Clinton, Bush, Obama, Reagan, Carter, etc., will all appoint Fed chiefs from same cloth. And let's freaking hope so.... All this crap about whether one is different from another is mainly hogwash.... ======== --> Last edited by lefty48; 03-12-2008 at 02:55 AM..

04-02-2008, 09:39 PM	#2
Terry_P Advanced Senior Member Join Date: Mar 2008 Location: NH Posts: 2,513	Re: Feds critical role Throwing Carter in there gave your point a lot of credibility. I remember 30 year bonds at 12% and mortgage rates of 18% and a stagnent economy. He was the worst and didn't have a clue. __________________ NRA and NAHC Life "Both oligarch and tyrant mistrust the people, and therefore deprive them of their arms." -Aristotle

04-02-2008, 11:15 PM	#3
pickenup Advanced Senior Member Join Date: Sep 2002 Location: Colorado Rocky Mountains Posts: 6,838	Re: Feds critical role I'm all for letting the feds get an even TIGHTER STRANGLE HOLD on the economy, and our lives, and our rights. Please tell me mr. fed, how high would you like me to jump? This time? [/sarcasm] __________________ The gene pool needs chlorine

04-03-2008, 10:39 AM	#4
Marlin TFF Admin Staff Chief Counselor Join Date: Mar 2003 Location: At SouthernMoss' side forever! Contributor Posts: 13,853	Re: Feds critical role The only thing that is critical about the FEDS Role is that - - - It is DESTROYING our great Republic and our way of life..... __________________ *The flag represents a living country and is itself considered a living thing.* *The only criminal class native to the United States is Congress.*