Comments on: Fed May Cut Rates Again as Policymakers Meet http://www.moneymorning.com/2008/12/15/fed-interest-rate/ Investment News Provider Thu, 19 Nov 2009 15:36:16 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Banks That Got $188 Billion in Bailout Money This Year Paid Out $1.6 Billion to Top Execs Last Year http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-14896 Banks That Got $188 Billion in Bailout Money This Year Paid Out $1.6 Billion to Top Execs Last Year Tue, 27 Jan 2009 18:42:03 +0000 http://www.moneymorning.com/?p=3763#comment-14896 [...] the time the deal was announced) as a result of the stock market decline. BofA will reportedly slash 35,000 jobs as a result of the [...] [...] the time the deal was announced) as a result of the stock market decline. BofA will reportedly slash 35,000 jobs as a result of the [...]

]]> By: Jutia Group - Market Jitters & Political Critters http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13671 Jutia Group - Market Jitters & Political Critters Wed, 24 Dec 2008 16:13:20 +0000 http://www.moneymorning.com/?p=3763#comment-13671 [...] the time the deal was announced) as a result of the stock market decline. BofA will reportedly slash 35,000 jobs as a result of the [...] [...] the time the deal was announced) as a result of the stock market decline. BofA will reportedly slash 35,000 jobs as a result of the [...]

]]> By: dalair http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13334 dalair Wed, 17 Dec 2008 00:37:34 +0000 http://www.moneymorning.com/?p=3763#comment-13334 The Government needs to take our money back from these thieves of AIG calling themselves manager they are very low and if the DC has power must put them to go sleep one night with citizins whom lost thier jobs and home and now sleeping in the street. stop none sens and take action and be firm. they crossing the line in the name of freedoom and DC needs to issue state of emergency and take all th wall street scammers to court, and W.DC needs to declare war. actully we are in the war, using economy as weapon. and the winner will be who uses power. and not scared of breaking the law to end this war for the favor of US Citizines. Do it WDC we all with u and declare war. The Government needs to take our money back from these thieves of AIG calling themselves manager they are very low and if the DC has power must put them to go sleep one night with citizins whom lost thier jobs and home and now sleeping in the street. stop none sens and take action and be firm. they crossing the line in the name of freedoom and DC needs to issue state of emergency and take all th wall street scammers to court, and W.DC needs to declare war. actully we are in the war, using economy as weapon. and the winner will be who uses power. and not scared of breaking the law to end this war for the favor of US Citizines. Do it WDC we all with u and declare war.

]]> By: dalair http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13333 dalair Wed, 17 Dec 2008 00:28:42 +0000 http://www.moneymorning.com/?p=3763#comment-13333 why give away government money to, giant insurance company, and he is paying millions of dollars to his managers if as i think there were honest and good thinkers not loosers never got in such problem. we need that money in other places like get some money inthe main street so people can shop and by cars. Any way it is main streets money we worked hard for that money and I hate to see it is given to such a loosers like CEOs give me a break if there were such smart why they lost everey thing hahahahahhoooooooha why give away government money to, giant insurance company, and he is paying millions of dollars to his managers if as i think there were honest and good thinkers not loosers never got in such problem.
we need that money in other places like get some money inthe main street so people can shop and by cars. Any way it is main streets money we worked hard for that money and I hate to see it is given to such a loosers like CEOs give me a break if there were such smart why they lost everey thing hahahahahhoooooooha

]]> By: jane santi http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13322 jane santi Tue, 16 Dec 2008 18:46:48 +0000 http://www.moneymorning.com/?p=3763#comment-13322 The biggest "Ponzi Scheme" being the Fiat paper currency system speaks of Armageddon for us all-not just financially, but in reality . Chaos theory anyone? Money is the root of all evil!? Globally, there are too many people, and not enough basic resources period! Without Food, Water, and Air-We are extinct. We've destroyed our economy, our ecology, and our planet. Any Solution-the new frontier - outer space?? Which planet is next?? The biggest “Ponzi Scheme” being the Fiat paper currency system speaks of Armageddon for us all-not just financially, but in reality . Chaos theory anyone? Money is the root of all evil!?
Globally, there are too many people, and not enough basic resources period! Without Food, Water, and Air-We are extinct. We’ve destroyed our economy, our ecology, and our planet. Any Solution-the new frontier – outer space?? Which planet is next??

]]> By: Interest Rates » Fed May Cut Rates Again as Policymakers Meet http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13262 Interest Rates » Fed May Cut Rates Again as Policymakers Meet Mon, 15 Dec 2008 20:36:22 +0000 http://www.moneymorning.com/?p=3763#comment-13262 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

]]> By: ECB Strikes Hawkish Tone on Interest Rates as U.S. Fed Plans Further Cuts http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13259 ECB Strikes Hawkish Tone on Interest Rates as U.S. Fed Plans Further Cuts Mon, 15 Dec 2008 18:20:32 +0000 http://www.moneymorning.com/?p=3763#comment-13259 [...] Money Morning: Fed May Cut Rates Again as Policymakers Meet [...] [...] Money Morning: Fed May Cut Rates Again as Policymakers Meet [...]

]]> By: Myron Martin http://www.moneymorning.com/2008/12/15/fed-interest-rate/comment-page-1/#comment-13239 Myron Martin Mon, 15 Dec 2008 13:22:15 +0000 http://www.moneymorning.com/?p=3763#comment-13239 I find this comment of considerable interest: "Bernard L Madoff Investment Securities LLC appears to have been “basically a giant Ponzi scheme” (his own words). Though the client list seemed relatively small, at first, the implications will be quite widespread, as some of the largest hedge funds of funds participated in Madoff’s investments; their clients include some of the world’s (formerly) wealthiest folks. Additionally, regulators will have quite a few questions to answer as lax oversight failed to uncover this massive fraud that may have been perpetrated for years. Stay tuned – this one isn’t going away any time soon." You are right, and the day may come when prosecutors realize that the present fractional reserve fiat currency system is ALSO a giant Ponzi scheme. How can I say that, SIMPLE, "every bank loan is a new creation of money, and when it is payed back it ceases to exist"! (Graham Towers former Governor of the Bank of Canada). That being true, and the INTEREST never being created, only the principal, it requirres an exponential increase in NEW LOANS (also at interest) to keep enough liquidity in the system, (AFTER interest to the banks is bled off) to maintain a functioning economy just as in ANY PYRAMID scheme requiring an ever increasing number of new entrants. The RESULT is a DEBT pyramid such as we have today that has reached its zenith as expressed by the Federal Government becoming the lender of last resort"! What establishment economists do not see is that under this iniquitess debt creation system we periodically reach a point where the COLLECTIVE amount of interest being paid on ALL debt; I.E federal deficits, state.provincal, municipal, corporate, mortgage and credit card etc. is SO LARGE there is not enough liquid specie to transct all necessary economic functions. Call it a recession or deleveraging, it is a NATURAL phenomenon of a debt based system which has to periodically be cleansed of unpayable debt interest. The evidence is the fact that government progressively rolls over its debt rather than paying it, as do many corprations and private individuals until they run out of acceptable (to the banks) COLLATERAL as in mortgages exceeding the value of a home etc. This is the problem that surfaced in the U.S. now the biggest debtor nation in the world, demands for credit exceeded the ability of banks to make new loans within reserve requirements hence the sub-prime mortgage mess, derivatives and other creative dodges to try and keep a defective PONZI scheme going, just as it is once again at a government level being patched up with chewing gum plugged into a hole here and there, then wrapped in duct tape and secured by baling wire. All this is a DODGE, instead of DEALING with the fundamental structural problem the powers that be are simply dealing with the SYMTOMS as thay arise, hoping that the final collapse does not come on their watch! I find this comment of considerable interest: “Bernard L Madoff Investment Securities LLC appears to have been “basically a giant Ponzi scheme” (his own words). Though the client list seemed relatively small, at first, the implications will be quite widespread, as some of the largest hedge funds of funds participated in Madoff’s investments; their clients include some of the world’s (formerly) wealthiest folks. Additionally, regulators will have quite a few questions to answer as lax oversight failed to uncover this massive fraud that may have been perpetrated for years. Stay tuned – this one isn’t going away any time soon.”

You are right, and the day may come when prosecutors realize that the present fractional reserve fiat currency system is ALSO a giant Ponzi scheme. How can I say that, SIMPLE, “every bank loan is a new creation of money, and when it is payed back it ceases to exist”! (Graham Towers former Governor of the Bank of Canada).

That being true, and the INTEREST never being created, only the principal, it requirres an exponential increase in NEW LOANS (also at interest) to keep enough liquidity in the system, (AFTER interest to the banks is bled off) to maintain a functioning economy just as in ANY PYRAMID scheme requiring an ever increasing number of new entrants.

The RESULT is a DEBT pyramid such as we have today that has reached its zenith as expressed by the Federal Government becoming the lender of last resort”! What establishment economists do not see is that under this iniquitess debt creation system we periodically reach a point where the COLLECTIVE amount of interest being paid on ALL debt; I.E federal deficits, state.provincal, municipal, corporate, mortgage and credit card etc. is SO LARGE there is not enough liquid specie to transct all necessary economic functions.

Call it a recession or deleveraging, it is a NATURAL phenomenon of a debt based system which has to periodically be cleansed of unpayable debt interest. The evidence is the fact that government progressively rolls over its debt rather than paying it, as do many corprations and private individuals until they run out of acceptable (to the banks) COLLATERAL as in mortgages exceeding the value of a home etc.

This is the problem that surfaced in the U.S. now the biggest debtor nation in the world, demands for credit exceeded the ability of banks to make new loans within reserve requirements hence the sub-prime mortgage mess, derivatives and other creative dodges to try and keep a defective PONZI scheme going, just as it is once again at a government level being patched up with chewing gum plugged into a hole here and there, then wrapped in duct tape and secured by baling wire.

All this is a DODGE, instead of DEALING with the fundamental structural problem the powers that be are simply dealing with the SYMTOMS as thay arise, hoping that the final collapse does not come on their watch!

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