My way of fighting the fed, I cannot sit still anymore

Here is a letter I sent to my Congressman today. I cannot just sit still and not do something. Will it help in any way? Who knows, but doing nothing at all certainly won't do shit. If anyone agrees with what I have written, feel free to copy and paste a letter to your own Congressman. Who knows, if we all pile in letters like this, we may have an impact. Otherwise, sit still and watch your country deteriorate further.

I write to you today to discuss my concerns for the sad state our country is in, economically speaking. We are changing, from a great superpower of capitalism, to a third-world socialist state under the current administration.

Alan Greenspan spent many years toying with bubbles and balancing the economy, always attempting to manipulate and avoid the natural capitalist economic cycle. Before his departure, he reduced rates and held them at rediculously low levels for far too long, thus creating a major liquidity bubble that we are currently battling in commodities.

Ben Bernanke has decided to attempt socialism, by taking our hard earned money to bail out the very thieves on Wall Street that have put this country at risk to begin with. These continued rate cuts are clearly causing extreme harm to America in the form of run-away inflation, that we are all paying dearly for. The pace of inflation is grossly outrunning income and is a much larger threat for a systemic meltdown of the economy, than just letting the market cleanse itself in the way that capitalism is designed for.

I applaude Jean-Claude Trichet of the EU, for sticking with the mandate of price control, and choosing to battle inflation. The FED has clearly lost its way, and is threatening our future and my childrens future.

I plead with you, that you and your peers take action and demand that the FED return to mandate of fighting inflation. There is a FOMC meeting next week where the rates will likely be cut further. This is not and has not helped comsumers in any way. I fear what will happen to the dollar if Mr. Bernanke indeed cuts rates again.

As I write this letter, Oil is trading over $110 per barrel, wheat over $13, and the list goes on and on. Gasoline stockpiles in the US are currently at the highest levels in over 15 years, yet we are paying over $3 at the pump. This has been accomplished on only an 85% utilization in refining. Bottom line, this is a problem of the dollar the the FED is destroying, not a true supply/demand imbalance.

Please stop further rate cuts.

Sincerely,

 

Tears and cheers for you bro. I support you.

 

Can I copy this and send it to my congressman?

 

This is a great post, it really is.

Just correct the spelling..

 

Yeah.

Let's raise rates back up to 6% so we can send the entire U.S. economy into a full-fledged Depression just so that commodity prices like oil ( which has a global supply/demand equation ) can correct.

That makes a lot of sense.

 

Landis, let's go help the middle class. I say let's raise rates not to 6% but to 12% overnight so oil and grains come down, after all everybody is talking about inflation here! The dollar would bounce, inflation talk would disappear from headlines and the banking system would go into a systemic meltdown and unemployment would soar to 15%. What a great scenario for the middle class!

 

Here is a copy that was corrected for spelling. feel free to copy and send to yours.

 

To your Congressman:

I write to you today to discuss my concerns for the sad state our country is in, economically speaking. We are changing, from a great superpower of capitalism, to a third-world socialist state under the current administration.

Alan Greenspan spent many years toying with bubbles and balancing the economy, always attempting to manipulate and avoid the natural capitalist economic cycle. Before his departure, he reduced rates and held them at ridiculously low levels for far too long, thus creating a major liquidity bubble that we are currently battling in commodities.

Ben Bernanke has decided to attempt socialism, by taking our hard earned money to bail out the very thieves on Wall Street that have put this country at risk to begin with. These continued rate cuts are clearly causing extreme harm to America in the form of run-away inflation, which we are all paying dearly for. The pace of inflation is grossly outrunning income and is a much larger threat for a systemic meltdown of the economy, than just letting the market cleanse itself in the way that capitalism is designed for.

I applaud Jean-Claude Trichet of the EU, for sticking with the mandate of price control, and choosing to battle inflation. The FED has clearly lost its way, and is threatening our future and my children’s future.

I plead with you, that you and your peers take action and demand that the FED return to mandate of fighting inflation. There is a FOMC meeting next week where the rates will likely be cut further. This is not and has not helped consumers in any way. I fear what will happen to the dollar if Mr. Bernanke indeed cuts rates again.

As I write this letter, Oil is trading over $110 per barrel, wheat over $13, and the list goes on and on. Gasoline stockpiles in the US are currently at the highest levels in over 15 years, yet we are paying over $3 at the pump. This has been accomplished on only an 85% utilization in refining. Bottom line, this is a problem of the dollar the FED is destroying, not a true supply/demand imbalance.

Please stop further rate cuts.

Sincerely,

 

Excellent idea Sir!
Let's have the FED do some "matched-sales" to withdraw money out of the U.S. banking system so that the dollar will rally and commodities will come down. That way, the entire commercial banking system will implode and unemployment would go to at least 15% with a murder rate perhaps as high.

Sounds like an EXCELLENT plan!
Where can I send this suggestion to my Congressman?

 

Get real, what have these rate cuts done for you? NOTHING. Consumer credit rates have increased, and will continue to do so. Capitalism is designed to have cycles and cleanse itself out, in a Darwin type manner, survival of the fittest. The weak banks that over-extended themselves should fail, there are many that would rise to take their place. The EU is in a much stronger position currently and they have not cut rates. If you two are not smart enough to make money in a different environment, then find something else to do. Meanwhile the destr8uction of our country is underway via inflation. Good luck to you.