VinnyViolin wrote:GLENNY J wrote:Gregg, You brought up some very valid points in your post.
Did you know that QE 1 floated over 800 billion dollars into the world reserve currency. QE 2 did the same exact thing. Now we are still going on with QE 3, our federal reserve has been printing 80 billion dollars a month. Just recently the policy has backed off by 10 billion dollars a month, so now it is only 70 billion dollars a month.
The general idea is to keep interest rates low on the thought that business can borrow money to CREATE jobs. Since our government keeps telling us there is no inflation every thing is good. Just look at the stock market it has recovered from the lows of 09. Hah... Would you rather have a share of say FORD paying a 3% dividend or put your money in the bank and get NO %?
This is true when you don't include energy or food in the cost of living index.
Gas was just a 1.35 a gallon 5 years ago. Every one has forgotten.
Now really sad and proof of the progressive destruction of the dollar. China and Japan have bypassed the dollar in trading with Russia for oil.
Just as sad... Congress, has finally passed the first budget in 5 years. Blame them all, we should. It is a 1.1 trillion dollar budget being pushed onto the backs of every taxpaying citizen. The real kicker is 330 BILLION ARE PAYMENTS TO CHINA FOR OUR NATIONAL DEBT.
Doesn't any one get that. Doesn't any one realize how many poor people could be helped? Sad.
Gee sheriff, explain to us again why you think LIBOR fraud is not stealing
http://youtu.be/dBBzSVOeRH8
Why are you so silently complacent about the Trans-Pacific Partnership Agreement that will subordinate the sovereignty of nations (including the US) to corporations?
I already did Vinny... You were asleep at the wheel. That was such a long time ago.
Wow... Now I'm starting to sound like our former secretary of state speaking about benghazi when questioned about why our president did nothing to protect an ambassador from this country.
I did answer this a long time ago Vinny. Libor is a European problem. Why don't you go post some picture and then try to rationally explain why libor is doing the same thing the Federal Reserve is doing here.
LIBOR IS NOT AN AMERICAN PROBLEM.
Nice pu**y picture by the way.
Don't argue with a stupid person. They will pull you down to their level... And beat you with experience..."Samuel Langhorne Clemens"