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The Silencing of Paul Volcker?

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jonflyfish
Penny Hoarding Member

USA
548 Posts

Posted - 11/05/2009 : 21:47:10

IMVHO-
This is not a good sign coming from "the greatest central banker of our lifetime"...

http://www.cnbc.com/id/33607057

Be Prepared

The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities.

PennyPauper
Penny Sorter Member

USA
66 Posts

Posted - 11/06/2009 : 02:42:45

The white house totatly put the gag on him,watched the video too,good stuff.
Glad to see him not spin for the admin. like the other weasels.
There's just no room for common sense or cents anymore.
I'd like to hear what he really thinks should be done.

Nickelless
Moderator

USA
4393 Posts

Posted - 11/06/2009 : 04:02:49

Key paragraph:

Mr. Volcker is widely known to dislike deficits and the weak dollar, and he reportedly wants to have banking institutions move away from taking on risks, like investment banks and other more exotic parts of the business.

That hissing sound is either the American public...or it's the debt time bomb that's about to explode. Or both.

Be prepared...and prepared to help: http://www.survivalblog.com/charity.html

Are you ready spiritually for hard times? http://www.posttribrapture.com

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