TRUTH about Commodity Rally

Discussion in 'Trading' started by jaytrader100, May 22, 2008.

  1. achilles28

    achilles28

    In theory, it checks out. But who knows if the FEDS accounting is legit.

    FED has basically issued no-recourse loans on junk paper valued at AAA.

    Which, yes, expands M3 by that amount.

    Which is why all the inflation hawks like me keep on about inflation.

    They're not taking any money out of the system. Socialized losses.
     
    #11     May 23, 2008
  2. achilles28

    achilles28

    By the way, you might want to research who actually owns the Federal Reserve System to begin with.

    Those are the chaps who are really pulling the levers.

    Ben is a figure-head of power. Just a functionary.
     
    #12     May 23, 2008
  3. I know it's a private company. So it gives an excuse to be this dense?
     
    #13     May 23, 2008
  4. achilles28

    achilles28

    Bernackes not dense. He's an employee. He knows it. So do his employers.

    Its a charade for the public to make it seem Bernackes got control.
     
    #14     May 23, 2008