Americans Do Not Mind Becoming Peasants ?

Petsamo · Oct 16, 2009

Quote from Angrycat:

Your anger at the banks is misplaced.

Government has all the power.

Much of what the banks do and/or did is because government forced them to.

Banks don't have the power to impoverish anyone. The government always does. If banks harness government power, then it's unsurprising.

We need a less powerful government. A more powerful government makes us serfs. Full Stop.

Angrycat's one cool cat. Thumbs up!

Scataphagos · Oct 16, 2009

Quote from Petsamo:

Angrycat's one cool cat. Thumbs up!

He's got a better handle on things than 90% of ETers, and he's not even an American.... at least not originally.

Lethn · Oct 16, 2009

at some point will lose its status of reserve currency and hence

It's already beginning to happen countries have begun the move away from the dollar and towards the Euro and Yen.

dtan1e · Oct 16, 2009

yes, someone on ET once pointed out that Ben knows exactly what he's doing and its that thats scary, taking it one step further, i won't be surprised if there r groups in the gov't that engineer the whole thing, f**k, how am i going to trade if the markets close shop

libertad · Oct 16, 2009

http://www.msnbc.msn.com/id/31510813/#33346455

And.......????

libertad · Oct 16, 2009

Quote from dtan1e:

yes, someone on ET once pointed out that Ben knows exactly what he's doing and its that thats scary, taking it one step further, i won't be surprised if there r groups in the gov't that engineer the whole thing, f**k, how am i going to trade if the markets close shop

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Lethn · Oct 16, 2009

Quote from dtan1e:

yes, someone on ET once pointed out that Ben knows exactly what he's doing and its that thats scary, taking it one step further, i won't be surprised if there r groups in the gov't that engineer the whole thing, f**k, how am i going to trade if the markets close shop

He's sweating it though, should have seen how he was trying to deal with the way he was being questioned in his last hearing about the Federal Reserve audit. If that audit gets through then I reckon whatever his plan is is going to come crashing down which is why I think so much chaos is going on right now.

Angrycat · Oct 16, 2009

Quote from Mom0/pH0x:

very true just as it was during the bush rally with the bush administration putting pressure on fed to keep rates artificially low... i was singing the same song then... but everyone was calling me chicken little and unpatriotic... it's just as true now, but now i guess it's okay to say so...

Well, you're talking about something different from what I'm talking about. I'm talking about the danger of government power under ANY administration. Incentives don't change - only the interest groups change.

However, there were plenty of us alarmed at the Fed's willingness to stomp on interest rates after 9/11 and the burst tech bubble. Just don't kid yourself into thinking that Greenspan needed pressure from Bush to do it. I think that guy took the "Maestro" thing too seriously.

truehawk · Oct 16, 2009

Quote from Angrycat:

Well, you're talking about something different from what I'm talking about. I'm talking about the danger of government power under ANY administration. Incentives don't change - only the interest groups change.

However, there were plenty of us alarmed at the Fed's willingness to stomp on interest rates after 9/11 and the burst tech bubble. Just don't kid yourself into thinking that Greenspan needed pressure from Bush to do it. I think that guy took the "Maestro" thing too seriously.

Angry Cat you are a Wanta Be Anne Ryan who blames the bought-off Sheriff for the mess the Financial Mob has made.

You are not a Capitolist. You worship theives, and blame not them but the lack of enforcement for their deeds.

Apparently there are no actions that make money that you find unprincipled and unethical or unconscionable.

In case you have not noticed the investment BANKS bought the Government in the Reagen Administration with the pension fund money of working people and proceeded to loot their employers the REAL capitalists who used capitol to invent and produce things.

They own the Government.

They own the SEC.

They owned Bush.

They own the Senate now.