On Mar 11, 11:03=A0am, orangata...@[EMAIL PROTECTED]
wrote:
> On 11 Mar, 07:47, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
>
> >http://biz.yahoo.com/ap/080311/fed_credit_crisis.html
>
> > In his infinite wisdom, and in an effort to tem****arily prop up the
> > collapsing Stock Market, that "Moron at the Fed", Ben Bernanke, has
> > decided to print money like it's going out of style, and hand over 200
> > billion dollars to the Banks based on nothing whatsoever in the real
> > world, as we know it. =A0 While this is tem****arily -- very
tem****arily
> > -- pleasing investors, its effects will obviously be disasterous for
> > the economy as a whole. =A0While it will tem****arily -- very
tem****arily=
> > -- hold off the final and total collapse of the U.S. banking system,
> > it will, as a direct result, cause the final and total collapse of the
> > U.S. currency, as well. =A0Ah, well, there's no pleasing the right
wing
> > until everything is TOTALLY DESTROYED!!!!
>
> the federal reserve...
>
> "...by design, is not controlled by the President or the U.S.
> Treasury; it is primarily controlled and owned by its member banks and
> the chairman of the Federal Reserve"
>
> http://en.wikipedia.org/wiki/Great_Depression
>
> so you can be sure the fed will bail out its member banks at any cost.
> this part of the article is also interesting
>
> "the key cause of the Depression was the expansion of the money supply
> in the 1920s that lead to an unsustainable credit driven boom. In
> their view, the Federal Reserve, which was created in 1913, shoulders
> much of the blame." - =A0hayek and rothbard
>
> sound familiar?
Uh, yeah...just a bit.
JK
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