Federal Reserve could in fact save US, the question is do they want to

Discussion in 'Economics' started by mikasa, Jan 5, 2010.

  1. US society needs the socio-economic playfield to be leveled again in order to reconnect with a sustainable future outlook.

    [​IMG]

    This would have happened during the banking crisis of 2008 but the mega rich chose to use their influence to save their asses.

    By that they will reap what they have sown and deserve what's coming to them.
     
    #31     Jan 5, 2010
  2. Actually back to the original post. The federal reserve pays back to the treasury any interest it collects on purchased treasuries. So, it's not as ominous as you stated, get your facts straight before making outlandish claims.
     
    #32     Jan 5, 2010
  3. No, we don't. We need capitalists with wealth... who are willing to take risks and do the work... to create more wealth and jobs.

    "Leveled" is BS Obama/Socialist/Full Commie Talk. :mad:
     
    #33     Jan 5, 2010
  4. achilles28

    achilles28

    The middle and lower class will lose their shirts. The ultra-rich will have enough foresight and intellect working for them, to preserve (and grow) their money using other vehicles - foreign denominated assets and currencies.

    Crushing inflation, then deflation, will wreck the economy and anyone dependent on making a livelihood from it. This largely targets everyone BUT the ultra-rich. That's the point.

    Look at Zimbabwe. 99% of people get hosed. Anyone working for the State-Security complex and Government become alpha-male, top-dog ruling over a pile of shit. That's what the Elite want. That's power.
     
    #34     Jan 5, 2010
  5. I think you're partly correct.... the lower and middle financial classes get devastated.

    But the "rich" get harmed very deeply as well... few are smart enough to "get it right" in a big way when it comes to growing and protecting assets in difficult times.
     
    #35     Jan 5, 2010
  6. achilles28

    achilles28

    True. But I'm talking ultra-rich. Not a few million. Billions.

    At that level, Ownership is the only thing that matters. Not the paper value some rinky dink stock portfolio.

    Preserving wealth during crushing deflation means hard assets can be bought up for pennies on the dollar. Actually, a good deal.
     
    #36     Jan 5, 2010
  7. You think if they had let C or GM go bust no leveling of the playfield would have taken place?

    Yet those very bailouts have been the root of anger for you and many in the US advocating free market policies as the cure for US suffering.

    Something doesnt ad up.
     
    #37     Jan 5, 2010
  8. Well, yes.... but the welfare of the ultra-rich really isn't really a concern. They will either "make out well" or "survive better" than the rest of us.... not the REAL issue.
     
    #38     Jan 5, 2010
  9. What the government SHOULD HAVE DONE, imo, is let them go bankrupt. America needs a "clean out"... painful as it would be.... the alternative is that "NEARLY EVERY CITIZEN WILL LOSE NEARLY EVERYTHING" in the effort of the government to artificially prop-up companies and the economy in attempts to retain/restore the status quo.
     
    #39     Jan 5, 2010
  10. achilles28

    achilles28

    No? I think, yes. I think the super-rich want to do away with the middle-class. Even if that means imploding the economy, it's good for them, so long as they come out on top. Which they will. Economic warfare taken to its conclusion.
     
    #40     Jan 5, 2010