Federal Reserve could in fact save US, the question is do they want to

[Debaser82]

Quote from Scataphagos:

Those who stand to lose the most are those who have the most. (The poor have little... as well as the middle class... when the "adjustment" comes they will lose all they have, but that ain't much... those who formerly thought of themselves as "rich" will lose nearly everything. Those who were FILTHY RICH will lose most of what they had but will still retain enough to carry forward as "reasonably wealthy")

US society needs the socio-economic playfield to be leveled again in order to reconnect with a sustainable future outlook.

This would have happened during the banking crisis of 2008 but the mega rich chose to use their influence to save their asses.

By that they will reap what they have sown and deserve what's coming to them.

 

[RiceRocket]

Actually back to the original post. The federal reserve pays back to the treasury any interest it collects on purchased treasuries. So, it's not as ominous as you stated, get your facts straight before making outlandish claims.

 

[Scataphagos]

Quote from Debaser82:

US society needs the socio-economic playfield to be leveled again in order to reconnect with a sustainable future outlook.

No, we don't. We need capitalists with wealth... who are willing to take risks and do the work... to create more wealth and jobs.

"Leveled" is BS Obama/Socialist/Full Commie Talk.

 

[achilles28]

Quote from Debaser82:

Who stands to lose most should the US default?

The Chinese?

The < 5% of the US population who own more than 50% of the DOW?

Or perhaps the indebted up to their eyeballs and every day smaller middle class?

The poor who don't have a pot to piss in anyway?

Did you know it is a thesis in some gold circles former gold bug Alan Greenspan set up the unavoidable collapse of the US Dollar trough exponential credit expansion to create a time frame during which the people of the US could reseize their country from the international banking community?

The middle and lower class will lose their shirts. The ultra-rich will have enough foresight and intellect working for them, to preserve (and grow) their money using other vehicles - foreign denominated assets and currencies.

Crushing inflation, then deflation, will wreck the economy and anyone dependent on making a livelihood from it. This largely targets everyone BUT the ultra-rich. That's the point.

Look at Zimbabwe. 99% of people get hosed. Anyone working for the State-Security complex and Government become alpha-male, top-dog ruling over a pile of shit. That's what the Elite want. That's power.

 

[Scataphagos]

Quote from achilles28:

The middle and lower class will lose their shirts. The ultra-rich will have enough foresight and intellect working for them, to preserve (and grow) their money using other vehicles - foreign denominated assets and currencies.

I think you're partly correct.... the lower and middle financial classes get devastated.

But the "rich" get harmed very deeply as well... few are smart enough to "get it right" in a big way when it comes to growing and protecting assets in difficult times.

 

[achilles28]

Quote from Scataphagos:

I think you're partly correct.... the lower and middle financial classes get devastated.

But the "rich" get harmed very deeply as well... few are smart enough to "get it right" in a big way when it comes to growing and protecting assets in difficult times.

True. But I'm talking ultra-rich. Not a few million. Billions.

At that level, Ownership is the only thing that matters. Not the paper value some rinky dink stock portfolio.

Preserving wealth during crushing deflation means hard assets can be bought up for pennies on the dollar. Actually, a good deal.

 

[Debaser82]

Quote from Scataphagos:

No, we don't. We need capitalists with wealth... who are willing to take risks and do the work... to create more wealth and jobs.

"Leveled" is BS Obama/Socialist/Full Commie Talk.

You think if they had let C or GM go bust no leveling of the playfield would have taken place?

Yet those very bailouts have been the root of anger for you and many in the US advocating free market policies as the cure for US suffering.

Something doesnt ad up.

 

[Scataphagos]

Quote from achilles28:

True. But I'm talking ultra-rich. Not a few million. Billions.

At that level, Ownership is the only thing that matters. Not the paper value some rinky dink stock portfolio.

Preserving wealth during crushing deflation means hard assets can be bought up for pennies on the dollar. Actually, a good deal.

Well, yes.... but the welfare of the ultra-rich really isn't really a concern. They will either "make out well" or "survive better" than the rest of us.... not the REAL issue.

 

[Scataphagos]

Quote from Debaser82:

You think if they had let C or GM go bust no leveling of the playfield would have taken place?

Yet those very bailouts have been the root of anger for you and many in the US advocating free market policies as the cure for US suffering.

Something doesnt ad up.

What the government SHOULD HAVE DONE, imo, is let them go bankrupt. America needs a "clean out"... painful as it would be.... the alternative is that "NEARLY EVERY CITIZEN WILL LOSE NEARLY EVERYTHING" in the effort of the government to artificially prop-up companies and the economy in attempts to retain/restore the status quo.

 

[achilles28]

Quote from Scataphagos:

Well, yes.... but the welfare of the ultra-rich really isn't really a concern. They will either "make out well" or "survive better" than the rest of us.... not the REAL issue.

No? I think, yes. I think the super-rich want to do away with the middle-class. Even if that means imploding the economy, it's good for them, so long as they come out on top. Which they will. Economic warfare taken to its conclusion.