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Didn't see this in the U.S.
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Didn't see this in the U.S. -
Re: steve forbes: Federal Reserve - Intentionally Causing Economic Crisis!
something about the way he talks about derivatives tells me he knows nothing valuable about the situation - sounds like he's just repeating a bulleted list someone prepared for him.
"you taste as little of the force as the spoon tastes of food"
And his solution's standard FIRE econ stuff - give the banks more money to increase the amount of money that's been loaned out.
Nothing about debt cancellation / forgiveness.
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Re: steve forbes: Federal Reserve - Intentionally Causing Economic Crisis!
Why does everyone think 'debt cancellation" has no cost?Comment
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Re: steve forbes: Federal Reserve - Intentionally Causing Economic Crisis!
It allows a reboot when the current system is having a conniption because its corrupt and those in control of the issuance of money need to wear a loss but the system is set up to make this very difficult. It's a political decision as to who bears the cost but they're trying to keep the masquerade going that market forces can allocate the costs which of course is obvious bs by now.Comment
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Re: steve forbes: Federal Reserve - Intentionally Causing Economic Crisis!
how do you know everyone thinks that?
I, for one, don't.
In fact, note the costs I outline hereOriginally posted by The Outback Oracle View Post
http://itulip.com/forums/showthread....nesty#post2002
cost to banks, inflation ... and note that post's date.Last edited by Spartacus; December 21, 2008, 07:35 PM.Comment
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