Feds critical role

Discussion in 'The Fire For Effect and Totally Politically Incorr' started by lefty48, Mar 12, 2008.

  1. lefty48

    lefty48 New Member

    Joined:
    Jan 8, 2008
    Messages:
    121
    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: Mar 12, 2008
  2. Terry_P

    Terry_P New Member

    Joined:
    Mar 23, 2008
    Messages:
    2,513
    Location:
    NH
    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.
  3. pickenup

    pickenup Active Member

    Joined:
    Sep 11, 2002
    Messages:
    6,858
    Location:
    Colorado Rocky Mountains
    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]
  4. Marlin

    Marlin *TFF Admin Staff Chief Counselor*

    Joined:
    Mar 27, 2003
    Messages:
    13,856
    Location:
    At SouthernMoss' side forever!
    The only thing that is critical about the FEDS Role is that - - -

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

    :( :( :( :mad: :mad: :mad: :mad:
  5. USMC-03

    USMC-03 New Member

    Joined:
    Oct 17, 2007
    Messages:
    1,825
    Location:
    Peoples Republic of the Pacific Northwest
    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…
Similar Threads
Forum Title Date
The Fire For Effect and Totally Politically Incorr Justice to count feds' guns May 26, 2014
The Fire For Effect and Totally Politically Incorr ‘High risk’ label from feds puts gun sellers in banks’ crosshairs, hurts business May 19, 2014
The Fire For Effect and Totally Politically Incorr Big chill: Feds want to scour Net, media for 'hate speech' Apr 29, 2014
The Fire For Effect and Totally Politically Incorr A 1997 warning about the arming of the Feds Apr 28, 2014
The Fire For Effect and Totally Politically Incorr Ron Paul on Bundy Ranch: Feds May 'Come Back with a Lot More Force' Like Waco Apr 15, 2014

Share This Page