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Fed to Purchase U.S. Commercial Paper to Ease Crunch
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Anonymous Coward
User ID: 489021
10/7/2008 10:22 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
We have no one running for president this year thats worth voting for....They are all just more of the same! |
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Omega 
Total Unequivocal Bad Fuckin' News
User ID: 357757
10/7/2008 10:24 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
Omega, do share! What convincing evidence that Obama will win. I know about the polls...sounds like your source has additional info though? Quoting: Anonymous Coward 431562
I lost the links, it was in an IM. What I saw is 500 million in possibly illegal contributions have been contributed to the Obama campaign. BIG money......
Major vote fraud in Ohio.....
Other stuff I won't mention.......
Yahoo IM omega375hh |
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jlazarus
just me :)
User ID: 348904
10/7/2008 10:26 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
And there ya go. IN IM's with SHR last night he believes Obama is gonna win and provided some pretty convincing evidence I was not aware of.
That happens your statement becomes absolutely true and this country flat out becomes a totally socialist oligarchy mixed in with some good ole police state .gov has the absolute power to kill no questions asked thrown in. Won't be pretty. Quoting: Omega
Just curious as to your opinion in how the above scenario with Obama winning would be any different in McCain won...
I see the same outcome regardless of winner, because "we the sheeple" (with few exceptions) are going to sit back and watch as this happens. :(
I will accept any rules that you feel necessary to your freedom. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do. ~ Robert Heinlein |
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yourwaysucks
make it so
User ID: 505009
10/7/2008 10:28 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
OP, in your reference to Wiemar
Thats it right there, we are going Wiemar.....
Das Wort ist WEIMAR.
Ja, danke.
Does this mean I should stop buying ammo gold and silver and invest in firewood? LOL
I have to make myself laugh is all....
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." -- William Graham Sumner
"A government that is big enough to give you all you want is big enough to take everything you have." -- Barry Goldwater
"The government is good at one thing: It knows how to break your legs, then hand you a crutch and say, 'See, if it weren't for the government you wouldn't be able to walk.'" -- Harry Browne |
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wing-ed
User ID: 281371
10/7/2008 10:28 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
holy freakin' crap. the Fed pretty much now has absolute control over Congress, the Treasury, the economy, currency, inflation tax, homes and mortgages, banks, insurance companies, and private business.
I believe that has been the plan all along and now it is in the stage of final execution. Quoting: Anonymous Coward 489235
Praise The Holy Of Holy :: Rev 17:13 These have one mind, and shall give their power and strength unto the beast.
Praise The Lamb:: Amen Do you have Jesus , he is like a life jacket on a sinking ship !!
Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 357757
10/7/2008 10:31 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
And there ya go. IN IM's with SHR last night he believes Obama is gonna win and provided some pretty convincing evidence I was not aware of.
That happens your statement becomes absolutely true and this country flat out becomes a totally socialist oligarchy mixed in with some good ole police state .gov has the absolute power to kill no questions asked thrown in. Won't be pretty.
Just curious as to your opinion in how the above scenario with Obama winning would be any different in McCain won...
I see the same outcome regardless of winner, because "we the sheeple" (with few exceptions) are going to sit back and watch as this happens. :( Quoting: jlazarus
Obama will go for the guns. Obama also is NOT QUALIFIED to be POTUS and will be totally controlled. McCain, while an asshole, has been around the block a few times. Google Col. Prouty and read his online book and get back to me. He was all the way on the inside and fully understands how a presidents decision making processes are influenced.
Hint-first they get a team of shrinks on ya to analyze ya so they can exploit your weaknesses......
Yahoo IM omega375hh |
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Gradient
User ID: 508533
10/7/2008 10:32 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
holy freakin' crap. the Fed pretty much now has absolute control over Congress, the Treasury, the economy, currency, inflation tax, homes and mortgages, banks, insurance companies, and private business.
I believe that has been the plan all along and now it is in the stage of final execution.
Praise The Holy Of Holy :: Rev 17:13 These have one mind, and shall give their power and strength unto the beast.
Praise The Lamb:: Amen Do you have Jesus , he is like a life jacket on a sinking ship !! Quoting: wing-ed
Hey Wing-Ed! Where ya been?
On Omega's topic... how in the WORLD is this not being talked about. The more I see stuff like this the more I am convinced that people just don't care that truth is reported anymore.
"Illegal aliens have always been a problem in this country, ask any indian"
"If you are going to minister to wolves, don't go dressed like a sheep"
"The quickest way to a man's heart is extreme force through the sternum" |
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Anonymous Coward
User ID: 515720
10/7/2008 10:34 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
OP, in your reference to Wiemar
Thats it right there, we are going Wiemar.....
would you please elaborate on what aspects of the Wiemar republic you believe this to be taking us?
Turning on the printing presses in the manner they are proposing will destroy this countries currency..... Quoting: Omega
People will need a shopping bag full of money just to buy a few groceries with ala pre-WWII Germany. |
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Anonymous Coward
User ID: 490531
10/7/2008 10:36 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
the credit crunch threatened to cut off a key source of funding for corporations. Quoting: Omega
I particularly like this line. |
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Omega
Total Unequivocal Bad Fuckin' News
User ID: 357757
10/7/2008 10:36 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
Off to the store to get some fixin's for breakfast, I found out where my free ranging chickens are layin' and gots me some fresh eggs-woo hoo....
The thread is yours.......
Yahoo IM omega375hh |
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wing-ed
User ID: 281371
10/7/2008 10:36 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
holy freakin' crap. the Fed pretty much now has absolute control over Congress, the Treasury, the economy, currency, inflation tax, homes and mortgages, banks, insurance companies, and private business.
I believe that has been the plan all along and now it is in the stage of final execution.
Praise The Holy Of Holy :: Rev 17:13 These have one mind, and shall give their power and strength unto the beast.
Praise The Lamb:: Amen Do you have Jesus , he is like a life jacket on a sinking ship !!
Hey Wing-Ed! Where ya been?
On Omega's topic... how in the WORLD is this not being talked about. The more I see stuff like this the more I am convinced that people just don't care that truth is reported anymore. Quoting: Gradient
Praise The Holy Of Holy :: It has been a while since I have posted but, I do read often ! How's my friend Gradient?
Holy, holy,holy, Lord God Almighty, which was, and is, and is to come.Praise the one who gives you peace beyond all understanding |
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The Analog Guy
User ID: 74180
10/7/2008 10:38 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
Yes well that brings in the derivatives unwind that is going on, can they actually afford to create 50 trillion + out of thin air, will the world put up with that, i suspect not.
But your opinion would be interesting here Omega, thank you. Quoting: FHL(C)
This is the real Boogyman who haunts the sleep of every broker
every regulator and who should haunt the dreams of every American. This is the quintessential house of cards as there is absolutely NOTHING propping it up.
:Jackson: 
[link to www.cafepress.com]
"If a man could understand all the horror of the lives of ordinary people who are turning round in a circle of insignificant interests and insignificant aims, if he could understand what they are losing, he would understand that there can be only one thing that is serious for him—to escape from the general law, to be free. What can be serious for a man in prison who is condemned to death? Only one thing: How to save himself, how to escape: nothing else is serious-Gurdjieff |
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jlazarus
just me :)
User ID: 348904
10/7/2008 10:39 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
Obama will go for the guns. Obama also is NOT QUALIFIED to be POTUS and will be totally controlled. McCain, while an asshole, has been around the block a few times. Google Col. Prouty and read his online book and get back to me. He was all the way on the inside and fully understands how a presidents decision making processes are influenced.
Hint-first they get a team of shrinks on ya to analyze ya so they can exploit your weaknesses...... Quoting: Omega
One of the things I am weighing in my own mind is how practical is it that Obama could actually get a constitutional amendment passed (to ban guns)....versus, the possibility of McCain dying in office and Palin becoming President. That woman appears to be a very dangerous fanatic to me - and I surely don't want her to be able to do things like....influence the next appointment to the SCOTUS if the need arises...
So basically, I am torn trying to determine the probabilities factor here!
Then, a whole other part of me says what the heck is the difference - probably all have the same handlers anyway, so......
I will accept any rules that you feel necessary to your freedom. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do. ~ Robert Heinlein |
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jlazarus
just me :)
User ID: 348904
10/7/2008 10:41 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
On Omega's topic... how in the WORLD is this not being talked about. The more I see stuff like this the more I am convinced that people just don't care that truth is reported anymore. Quoting: Gradient
Interestingly, I actually saw this being talked about this morning on CNN - before I logged on and read Omega's post.
Kind of odd to get news from MSM before GLP, LOL!!!!
(But that had more to do with the sequence in which I turned on the tv and laptop than anything else!) :)
I will accept any rules that you feel necessary to your freedom. I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do. ~ Robert Heinlein |
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Anonymous Coward
User ID: 455142
10/7/2008 10:45 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
The printing press?
YUP, thats it right there. Heli Ben ramping up the presses....
Ooooo he's gonna give a speech at 11am Central. Stay tuned... Quoting: Omega
Ok, I don't think I understand what this action by the Fed means and what the ultimate ramafications could be...
please help me understand this and why it is bad...
my guess:
In order to buy this Commercial Paper, will the Fed pump billions into the money supply, thus causing inflation (or hyperinflation) and the destruction of the value of the dollar?
Is this correct or am I mistaken?
Wiemar was a complete collapse of the currency, eventually was replaced with the Reichsmark, are we looking at a similar situation with the dollar? |
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Gradient
User ID: 508533
10/7/2008 10:49 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
On Omega's topic... how in the WORLD is this not being talked about. The more I see stuff like this the more I am convinced that people just don't care that truth is reported anymore.
Interestingly, I actually saw this being talked about this morning on CNN - before I logged on and read Omega's post.
Kind of odd to get news from MSM before GLP, LOL!!!!
(But that had more to do with the sequence in which I turned on the tv and laptop than anything else!) :) Quoting: jlazarus
Wow , I am surprised!
Wing-ed, we are fine, I hope that your gang is doing well!
"Illegal aliens have always been a problem in this country, ask any indian"
"If you are going to minister to wolves, don't go dressed like a sheep"
"The quickest way to a man's heart is extreme force through the sternum" |
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Anonymous Coward
User ID: 511006
10/7/2008 10:51 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
Ugh, I feel sick to my stomach. It's pretty clear what they plan to do, I feel like I'm reliving the early 1930's in Germany. |
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Anonymous Coward
User ID: 509660
10/7/2008 10:52 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
OP, in your reference to Wiemar
Thats it right there, we are going Wiemar.....
would you please elaborate on what aspects of the Wiemar republic you believe this to be taking us?
Turning on the printing presses in the manner they are proposing will destroy this countries currency..... Quoting: Omega
Ok, so you are saying inflation into possible hyper-inflation. But why do it this way? Wouldn't it hurt the rich as much as the middle and lower income classes? |
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loosecannon
User ID: 519718
10/7/2008 10:53 AM
 | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
The printing press?
Just exactly where is all this money coming from.....I might as well take all my money and burn it for what it's going to be worth here real soon! Quoting: Anonymous Coward 489021
well it doesn't sound like you understand monetarism or the life cycle of a "dollar" in the banking system.
We are in a deflationary spiral, printing money keeps the dollar from overheating. And it appears from all indications as if there is a shortage of money not a surplus despite all the new creative financing tricks the Fed is pulling.
If saving the world's finance apparatus is what you want this is the right way to do it. At least to get the credit markets flowing again.
I have no idea how they will keep them flowing tho....
It definitely seems to me like the patient is dead. And that the CPR is futile. |
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Anonymous Coward
User ID: 509660
10/7/2008 11:05 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
The printing press?
Just exactly where is all this money coming from.....I might as well take all my money and burn it for what it's going to be worth here real soon!
well it doesn't sound like you understand monetarism or the life cycle of a "dollar" in the banking system.
We are in a deflationary spiral, printing money keeps the dollar from overheating. And it appears from all indications as if there is a shortage of money not a surplus despite all the new creative financing tricks the Fed is pulling.
If saving the world's finance apparatus is what you want this is the right way to do it. At least to get the credit markets flowing again.
I have no idea how they will keep them flowing tho....
It definitely seems to me like the patient is dead. And that the CPR is futile. Quoting: loosecannon
I'M SO CONFUSED!!!
Some say this is inflationary and maybe lead to hyper-inflation, yet you say we are in a deflationary spiral and this is the right thing to do.
HOWEVER, it seems everyone agrees we are in a chitload of trouble which ever way you slice it. So, what the heck is the average American supposed to do to try and survive this economic blight???? Suggestions? |
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Anonymous Coward
User ID: 519619
10/7/2008 11:08 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
OP, in your reference to Wiemar
Thats it right there, we are going Wiemar.....
would you please elaborate on what aspects of the Wiemar republic you believe this to be taking us? Quoting: Anonymous Coward 509660
The FED does not have an infinite capacity to print money because the people do not have an infinite capacity to repay the debt.
It took almost 250 years to accumulate 5 trillion in debt and that has now been doubled in the past 30 days.
There is no way for the population to repay 11 trillion dollars in debt and US treasuries are effectively now junk bonds. |
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Anonymous Coward
User ID: 511006
10/7/2008 11:12 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
This is the silent theft of money right now. They will prop the market up and keep it semi stable until they have their hooks in every aspect of life in this country, owning every sector. Then pull the plug before the masses catch on. This is DOOM x 10000000 |
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Anonymous Coward
User ID: 455142
10/7/2008 11:16 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
I still don't understand...
how does the Fed purchasing commercial paper risk a Wiemar situation? |
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Anonymous Coward
User ID: 519619
10/7/2008 11:16 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
This is the silent theft of money right now. They will prop the market up and keep it semi stable until they have their hooks in every aspect of life in this country, owning every sector. Then pull the plug before the masses catch on. This is DOOM x 10000000 Quoting: Anonymous Coward 511006
the part you left out is the conversion by the wealthy elite of their soon to be worthless paper money into real assets before the whole thing folds.
That process is happening now. |
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loosecannon
User ID: 519718
10/7/2008 11:19 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
I'M SO CONFUSED!!!
Some say this is inflationary and maybe lead to hyper-inflation, yet you say we are in a deflationary spiral and this is the right thing to do.
HOWEVER, it seems everyone agrees we are in a chitload of trouble which ever way you slice it. So, what the heck is the average American supposed to do to try and survive this economic blight???? Suggestions? Quoting: Anonymous Coward 509660
hoard cash, plant a garden, learn to live more simply. Maybe visit a third world nation to see how they make ends meet. It's cheap, and you will learn a bundle.
Hyperinflation and deflation aside neither is the end of the world. It's just the end of some of our illusions. |
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Anonymous Coward
User ID: 519619
10/7/2008 11:21 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
I still don't understand...
how does the Fed purchasing commercial paper risk a Wiemar situation? Quoting: Anonymous Coward 455142
They are buying the unsecured liabilities of bankrupt corporations, and the taxpayers are on the hook to pay.
This is illegal, so they structured what they call an SIV, to get around it....effectively now making up new laws as they go.
This is but one element of a massive money printing campaign and the bottom line is that the people cannot repay the debt, so the debt is no good. If the debt is no good then the currency is no good and there is a hyperinflationary spiral.
Look at Zimbabwe. They pursued this same monetary path. |
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Anonymous Coward
User ID: 481210
10/7/2008 11:24 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
One of the things I am weighing in my own mind is how practical is it that Obama could actually get a constitutional amendment passed (to ban guns).... Quoting: jlazarus
Gold Confiscation Act of 1933
The President passed an EXECUTIVE ORDER that mandated all gold coins in the country be turned in. Congress didn't order it. The President did. The same thing could be done to a class of guns. So called hunting and other "civilian" style weapons would be exempt...for now. It would be too much of a bite to ask every gun owner in the country to give up their guns. But assault weapons owners are a smaller percentage.
This would bypass Congress altogether and drop the share of credit/blame firmly on Obama's head. |
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loosecannon
User ID: 519718
10/7/2008 11:25 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
The FED does not have an infinite capacity to print money because the people do not have an infinite capacity to repay the debt.
It took almost 250 years to accumulate 5 trillion in debt and that has now been doubled in the past 30 days.
There is no way for the population to repay 11 trillion dollars in debt and US treasuries are effectively now junk bonds. Quoting: Anonymous Coward 519619
We owe more than half of the debt to the federal reserve itself. That half can be written off in dire straights, fuck em. The rest can be paid off with worthless dollars.
Google "we are all keynesians now" look for a Time magazine article (by that name)from the early 70's that describes the fact that we never intended to pay off the debt. And it describes why. Great read.
And then take a look around the globe at all the nations (including wiemar republic) who once had a currency collapse to nothing. They all just printed a new currency and started over.
No big deal. |
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Gradient
User ID: 508533
10/7/2008 11:27 AM
| | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
I'M SO CONFUSED!!!
Some say this is inflationary and maybe lead to hyper-inflation, yet you say we are in a deflationary spiral and this is the right thing to do.
HOWEVER, it seems everyone agrees we are in a chitload of trouble which ever way you slice it. So, what the heck is the average American supposed to do to try and survive this economic blight???? Suggestions? Quoting: Anonymous Coward 509660
The thing to do is to stay out of debt. Live inside your means. Doing this will cover the situation. Inflation on food wont be as big of a deal to you, and if it goes into a deflation mode, then you will know how to make your dollar go farther for the cheaper goods.
"Illegal aliens have always been a problem in this country, ask any indian"
"If you are going to minister to wolves, don't go dressed like a sheep"
"The quickest way to a man's heart is extreme force through the sternum" |
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Anonymous Coward
User ID: 519619
10/7/2008 11:28 AM | | Re: Fed to Purchase U.S. Commercial Paper to Ease Crunch | Quote |
The FED does not have an infinite capacity to print money because the people do not have an infinite capacity to repay the debt.
It took almost 250 years to accumulate 5 trillion in debt and that has now been doubled in the past 30 days.
There is no way for the population to repay 11 trillion dollars in debt and US treasuries are effectively now junk bonds.
We owe more than half of the debt to the federal reserve itself. That half can be written off in dire straights, fuck em. The rest can be paid off with worthless dollars.
Google "we are all keynesians now" look for a Time magazine article (by that name)from the early 70's that describes the fact that we never intended to pay off the debt. And it describes why. Great read.
And then take a look around the globe at all the nations (including wiemar republic) who once had a currency collapse to nothing. They all just printed a new currency and started over.
No big deal. Quoting: loosecannon
Well, no big deal except that the new currency is always devalued relative to the old currency causing a hyperinflationary event. So your "paper wealth" is reduced by the amount of the devaluation, unless your wealth is in real assets. |
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