Liquidity injection by central banks
- Thread starter kashirin
- Start date
You should understand that I'm not at all for creating big government. I'm for reducing our government to the smallest that we can get it. I do think that our government officials including the FED are incredibly irresponsible.
I simply don't like the idea of a commodity currency and there are plenty of examples suggesting that a paper currency treated as a commodity won't work. Proponents of the idea always say to look at Panama. They can hardly be used as an example on the same scale as the US. They haven't had a financial crisis because we haven't and their currency is tied to ours. Our FED determines their money supply and the value of their currency is effected by US monetary policy.
As soon as someone can give me an example of a country with no monetary policy that hasn't been vulnerable to collapse I will consider the idea more valuable.
Pure nonsense. CD; please think through before posting.
After 87's super injunctions by the fed; which leads to a big inflation problem down the road.
You must gone mad if you had some saving during that time; or you will be most gracious to the fed when they give your more money to destroy decent working class of American.
Greenspan worked with Ayn Rand.
He didn't learn much about free markets.
He didn't learn much about free markets.
Perhaps the ECB knows something we do not.... perhaps the European banks have more exposure to subprime via their investments in highly leveraged hedge funds. The news gets progressivly worse from week to week. I believe we could see a huge selloff(equal to 2000-02) in the stock market. I work within the mortgage industry and you have no idea how bad it is for borrowers that need to refinace their existing loan within the next year. It is 100 times worse than you can imagine!!!
As other people have pointed out, the free market (which America claims it has but actually doesn't) would correct this market, and banks that had made irresponsible loans would go out of business. The govt bailing out business' which are about to flounder only sends a message out to everyone that they continue shoddy business practices and they can get away with it. It is corporate socialism which we are seeing here.