Thee RANT

Oh, if you have money in the bank low interest rates svck.

On the other hand, if you get a low mortgage rate , thats good. I recall when mortgage rates were 16%!.

The Fed govt borrows too much. But it is certainly NOT bad news that we are getting a cheap rate on that borrowing. Do you want us to pay MORE interest?



It was posted in order to prove on coming doom. Thats not true. If investors believed what you, Midnigt, 1PP, etc beliieved, they would not be putting their money in T bills unless they were paying high interest.



Every time there is bad global economic news, there is a rush to put money in T bills. That shows that worldwide invetors still have faith in the good old USA, something the bunker boys dont have.

You have no idea why you defend The Fed do you ?...Be honest.
Other than to perpetually disagree with anyone you've previously disagreed with.

He truly doesn't get it.....and not for anything, even Bernanke is in over his ability at this point.
They've created a runaway debt monster.
As if I'm gleefully happy that the global economy svcks.....being that I'm only a few years away from accessing all my retirement investments, soc sec and savings.
Yeah I'm really hoping it'a all worth 25 cents on todays dollar....just to spite you.... doh.
Anyhow....
Yes, low mortgage rates are good for debtors.
But savers --- retirees -- don't benefit....and if anything we are financially destroyed.
The Govt's stated rate of Inflation is 3%...I know you believe that.
But John Williams at Shadow Stats, documents that it's more like 10%.
Not Hyperinflation....but even at 3%, your purchasing power is destroyed in a few years.
The percentage of the interest rates that I'm not getting, was given to the Banks, etc, etc.
Trillions and Trillions of unnacounted for dollars....that went into a black hole.
It's basically a hidden tax...and for the most part the MSM goes along with it.
One exception might be Rick Santelli on CNBC.

Worldwide investors don't necessarily have faith in US Treasuries.
What the USD does have is a degree of safety and liquidity - in a very economically sick world.
And we are the only nation on the planet that is allowed to print money that is still accepted for most of the worlds economics.
Nations like China, Russia, India, Iran  are working against us on that one though.

Iceland's
economy recovered from the financial crisis better than most because
the government bailed out the people and jailed the bank criminals.


http://www.washingtonsblog.com/2012/08/ ... wrong.html

How'd we let this one slide for 4 months ? lol
Anyhow, QE to Infinity will soon be official now.
Geithner has asked for the Debt Limit to be removed.
http://www.huffingtonpost.com/2012/11/1 ... 47748.html
Bernanke is monetizing $85 Billion a month.....plus who knows how much more.
http://www.zerohedge.com/news/feds-bala ... 4-trillion
They're going to stop making the penny and the nickel....as they cost too much to make.
The nickel now is worth more in melt value than its fiat value.
Just like old silver dimes ( now worth $2.50 )and quarters ( $6.20 ).
http://skewnews.com/penny-and-nickel-co ... t-in-2013/
It'll all work out though....the Fed loves us and means freedom.
Except if your money is in the bank getting .01%.
Read Paul Krugmans columns and ideas.
It's the Keynesian model that they're following and he seems to be the appointed spokesperson for it.
I can't point anyone to further - non mainstream - stuff...because you'all just won't believe it.

midnightscum wrote:

You have no idea why you defend The Fed do you ?...Be honest.
Other than to perpetually disagree with anyone you've previously disagreed with.

How true, True!

How'd we let this one slide for 4 months ? lol
Anyhow, QE to Infinity will soon be official now.
Geithner has asked for the Debt Limit to be removed.
http://www.huffingtonpost.com/2012/11/1 ... 47748.html
Bernanke is monetizing $85 Billion a month.....plus who knows how much more.

Obama Will Drive Country Off Fiscal Cliff to Score Political Points
http://www.breitbart.com/Big-Government ... cal-Points
[/b]
[/b]

lawmanbrooklyn wrote: It seems all the learned economists here on the rant have come to the same conclusion.
All of our problems are due to the Federal Reserve, that is dominated by Jews.
These men have advanced degrees in economics so their opinions must be respected.

Lawman, you have almost 14,000 posts or opinions....well ahead of the pack.
What the fvck are your advanced degrees in ?
A PhD in Being a jerk off 101 ?
You could't give a straight answer to a post even if you weren't drinking.
You don't even know what you're arguing against anymore...if you ever did.

  

Well, you are right. I am not an economist. But I do know this. The oldest trick in the book is to demonized one group of people, blame them for all your problems and get the great unwashed all worked up about it. Its a pretty dangerous pattern.
People who DO know something about economics dont dump all our problems on this one particular institution. Some take exception to the Feds current monetary policy, but they dont simplify our problems by  blaming it all on them.
The fact is, those that rant about the Fed on the Rant know precious little about economics. They have not formed their opinions by following the news, reading various points of view and coming to their own conclusions.
On the contrary, they have read things on only one set of websites that push the demonization of the Fed. When I ask them who should be setting monetary policy in the absence of the Fed, they seem dumfounded. THey then rant about the Gold Standard and then call me names.
The fact is, if the  fed were to be abolished, setting montary policy would fall to the current administration. In this cases, Sec. Geitner would get the job. The Fed was established to remove the process one step from the political process. Is the Fed political. Sure they are. But by giving them a term of office, it removes them from politics somewhat.