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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
 Posted - 06/18/2009 : 12:15:03
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The federal reserve is no more "federal" than Federal Express. They are a business entity, and now the country will most likely give them a lot more power. 8 months into the trillion plus increase in money, there is STILL no accountability. The regulators of the FED are inept and uninformed:
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The final statement made is really an understatement of frustration.
If I was able to run my business the way the FED runs theirs, then I could claim just about anything that I wanted to.
I am humbled by this quotation by Ragnar Danneskjold, "When robbery is done in open daylight by sanction of the law, as it is done today, then any act of honor or restitution has to be hidden underground."
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goto the new and improved realcent: http://realcent.org |
Edited by - Market Harmony on 06/18/2009 12:17:33 |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 06/18/2009 : 13:44:25
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Why keep track....MH you know they have a printing press.
Who there cares...they are spending YOUR money.
If I had YOUR debit card I would spend spnd spend and I would just toss the receipts. |
You don't have to be the BEST you just have to be.......SLICK
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 06/18/2009 : 17:05:35
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quote:
Originally posted by Market Harmony
The regulators of the FED are inept and uninformed"
There are no regulators of the FED and there never has been, Grasshopper.
The FED was devised to keep banks solvent during business panics- ie., bank runs, and now has morphed into an entirely different monster.
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Trust the government? Ask an Indian. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 06/18/2009 : 18:21:27
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quote:
Originally posted by El Dee
quote:
Originally posted by Market Harmony
The regulators of the FED are inept and uninformed"
There are no regulators of the FED and there never has been, Grasshopper.
The FED was devised to keep banks solvent during business panics- ie., bank runs, and now has morphed into an entirely different monster.
Perhaps, "regulators" was the wrong word to use. They are not so much regulated by an authority, but their actions need to be auditted. My intention was to point out that the inspector general (i.e. the FED auditor) hasn't got a clue as to where the trillion plus dollars that was typed into existence went to or currently is.
The monster is being "fed" |
goto the new and improved realcent: http://realcent.org |
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Who can run a business like this???
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