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Please elaborate more on the Colonial Script concept or if you have further links. http://en.wikipedia.org/wiki/Colonial_scrip

As stand alone statement perhaps. But as a general statement I stand by it, since the "Affordable Housing" is a general definition used by the powers that be to call for lower home prices. Except that lower rates does not necessarily imply "affordable housing" Housing has carrying...

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I don't buy this either. Yes he is helicopter Ben but I think the guy had two choices. Let bank runs occur credit markets collapse, and the let god sort em out. Our backstop the crisis like the FED charter says they are supposed to. I will give him another six months to see how the...

I just don't get how Housing sales is the problem. Before you can buy a house you need a J O B. Low interest rates does not equal affordable housing. Although the sheep have been conditioned to believe it. A house is a reward for being productive not for graduating from college. I...

Reminds of the 1970's talk with the carter malaise inflation running rampant, dollar decline that started under Nixon. Never count the big dog out. Its all hyperbole when you attempt to claim that America is on par with likes of Brazil, China, et al. Australia is a stable currency, so...

please post a link or PM if you want to keep it private the problem I see is that fiscal policy is the purview of congress not really a FED responsibility part of the problem of the FED is they have been to accomadating to deficits run by the government. In some ways maybe the fed has done...

Good thread so far my take away. The Fed has suffered from mission creep an it has been coopted by the executive branch the idea of a combative FED chief like Volcker seems so distant. It's clear that today the NY fed exerts to much power. Whether by intention orthe reality the...

I know there are like 50 END the fed threads on ET. but hey what is one more. The one thing all these threads have in common. Is there is no alternative. I have yet to hear a credible alternative to the FED. I am not a fan of the FED, I won't cry if switch to another system. but I am...

China is throwing the U.S a line. They need help and they need it fast.

I guarantee it wont be China. I like how libertarians complain of the FED selling us down the river but they ascribe some mythical power to China the most centrally planned economy after North Korea and Cuba. WTF? I don't get it.

Russia ran its fucking economy into the ground 80 years ago. They haven't produced shit since the AK-47. They are no economic threat. China is a problem. But they have bigger problems -Like highly uneducated poor population - Daily Riots and I mean daily...

Thats an awesome point. Saw it after i posted. yes one thing people lose track of us we have a second currency which in some ways became our primary currency and that is debt. Debt over the last 20 years has become a currency. Banks did a lot of off the books currency creation in the form...

This number is somewhat misleading IMHO Glenn beck brought it out on Wednesday with Charles Payne. In it of itself it doesnt mean anything. World GDP was 60 trillion in 08. The FED had to increase money supply because their was an epic bank run of monstrous proportions. If the FED...

We are a reserve currency how do we supply the world with the Dollars they need to function? Currency is a tool. Its like saying, no new immigration only allow people when an american dies. How the heck does the country grow? What happens if say. GE begins to stockpile dollars?, we add no...

Not a big fan of the FED. But if we abolish it what is the alternative. I think there are serious structural problems with the FED but the idea that bankers run the country is result of banking not the FED. Bankers ran the country before the FED and will run it after the FED is gone. So...

Yep. Too many think, that their is some cataclysmic break that is going to happened that going to affect every city. Hell go back to the civil war. Some cities mostly in the south got racked. But life went on for everyone if you weren't a soldier. And this was an all out civil war. Even in...

http://www.usdebtclock.org/

The rally on Wall Street was the main reason for the increase in household wealth, but rising home prices contributed as well. Wealth in corporate equities rose by $1.04 trillion, while real estate wealth rose by $139 billion. Assets held in mutual funds, life insurance and pension funds rose by...

Can't have a recovery without some inflation hyperinflation is unlikely again peolple talk about Zimbabwe I didn't know they were a reserve currency. I think the stock markets performance inflation adjusted will be piss poor. But it doesn't matter, if the public sees Dow 20k it won't...