Forty-eight of 49 economists say the Federal Reserve could do the unthinkable tomorrow | |
Anonymous Coward User ID: 25020296 United States 12/11/2012 09:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 20892214 United States 12/11/2012 09:43 PM Report Abusive Post Report Copyright Violation | This also devalues the dollar by 4% a month so figure what is ahead can you say 5 dollar loaf of bread. and if we do not settle the over the cliff problem 5 days after Chritmas 4 million people will lose unemployment. Quoting: Liberty 112 Paid $3.49 for a loaf of multi-grain yesterday... not that far to go. Can't find beef that's even worth a shit anymore. A while back I paid $9.99 a pound for some ribeyes that tasted like cardboard. Halfway decent steaks, when you can find them, $15-$20 per pound and they are usda select or choice. Soon beef will be a delicacy... all part of the plan for us serfs. Anybody got any good recipes? |
mikebo2 User ID: 18012248 United States 12/11/2012 09:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1684766 United States 12/11/2012 09:58 PM Report Abusive Post Report Copyright Violation | This also devalues the dollar by 4% a month so figure what is ahead can you say 5 dollar loaf of bread. and if we do not settle the over the cliff problem 5 days after Chritmas 4 million people will lose unemployment. Quoting: Liberty 112 Paid $3.49 for a loaf of multi-grain yesterday... not that far to go. Can't find beef that's even worth a shit anymore. A while back I paid $9.99 a pound for some ribeyes that tasted like cardboard. Halfway decent steaks, when you can find them, $15-$20 per pound and they are usda select or choice. Soon beef will be a delicacy... all part of the plan for us serfs. Anybody got any good recipes? Actually I can make a killer Spam casserole. :D |
SaveUSa User ID: 20038946 United States 12/11/2012 10:02 PM Report Abusive Post Report Copyright Violation | $5 Ramen Noodles in about 12 to 18 mos if we make it that long. Last Edited by SaveUSa on 12/11/2012 10:03 PM Within the surreal depths of "reality" lies the truth. |
DOT 2 DOT User ID: 24338672 United States 12/11/2012 10:03 PM Report Abusive Post Report Copyright Violation | [link to www.myrecipes.com] [link to allrecipes.com] [link to www.foodnetwork.com] Although it is not true that all conservatives are stupid, it is true that most stupid people are conservative. John Stuart Mill ************ It's much harder to be a liberal than a conservative. Why? Because it is easier to give someone the finger than a helping hand. Mike Royko |
Anonymous Coward User ID: 29244629 United States 12/11/2012 10:04 PM Report Abusive Post Report Copyright Violation | We need an Economic Jesus to absolve all of the debt so the world can have a fresh start. lol jk thats impossible were fucked. Quoting: iwinallday You know the old saying.. "death and taxes." That about sums it up. no. this is a lie. taxes are "real", just like the lines on the map are "real" a human fabrication, if you will, not of true reality... death on the other hand. real. |
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Anonymous Coward User ID: 13825301 United States 12/11/2012 10:27 PM Report Abusive Post Report Copyright Violation | Neither you nor anyone you know is going to do anything that will change the Fed or its policies. Every time a major banker scratches his rump, the fringe acts like we will be using dollars for wallpaper the next week. Hasn't happened yet, and probably won't happen later. The people in charge intend to stay in charge, and while your life might get more expensive, it won't get so bad that you will have an excuse to break from routine. You'll be pushed lower and lower, but never so far that you have a reasonable cause to cease participating. You'll go to work as normal, pay exorbitant bills as normal, and get progressively less for your money. You'll just have to accept that as normal. It will always be normal, and DOOM will not save you. That is the biggest conspiracy theory secret yet: it won't hit the fan because there is no fan, just piles of what ought to be hitting it. |
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DOT 2 DOT User ID: 24338672 United States 12/11/2012 10:31 PM Report Abusive Post Report Copyright Violation | Best to just ignore all of that. Quoting: Anonymous Coward 13825301 Neither you nor anyone you know is going to do anything that will change the Fed or its policies. Every time a major banker scratches his rump, the fringe acts like we will be using dollars for wallpaper the next week. Hasn't happened yet, and probably won't happen later. The people in charge intend to stay in charge, and while your life might get more expensive, it won't get so bad that you will have an excuse to break from routine. You'll be pushed lower and lower, but never so far that you have a reasonable cause to cease participating. You'll go to work as normal, pay exorbitant bills as normal, and get progressively less for your money. You'll just have to accept that as normal. It will always be normal, and DOOM will not save you. That is the biggest conspiracy theory secret yet: it won't hit the fan because there is no fan, just piles of what ought to be hitting it. Very succinct analysis. Although it is not true that all conservatives are stupid, it is true that most stupid people are conservative. John Stuart Mill ************ It's much harder to be a liberal than a conservative. Why? Because it is easier to give someone the finger than a helping hand. Mike Royko |
Anonymous Coward User ID: 28878214 United States 12/11/2012 10:32 PM Report Abusive Post Report Copyright Violation | yes. they already do a bunch of them. they also bought a bunch of homes that people are paying on. they are also buying homes that have not even been built yet via treasury assets that will go to fannie freddie, and treasury assets that will build McMansions for crony dejour (think solyndra, or from the last administration, any MIC boondoggle firm) The fed is the dealer (monetary policy) the politicians are the junkies (fiscal policy) The tax payers are the people who get screwed the most. but inflation hurts even people who dont pay taxes. Corporations are not people in this sense, as they dont pay taxes and are largely immune to suffering via inflation. |
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Anonymous Coward User ID: 28008747 United States 12/11/2012 10:40 PM Report Abusive Post Report Copyright Violation | We need an Economic Jesus to absolve all of the debt so the world can have a fresh start. lol jk thats impossible were fucked. Quoting: iwinallday Yes it's way way way past time for Jubilee. But the Fed is powerless to implement that even if it wanted to. Failing that you have to reduce the value of the debts via inflation. And that is what the Fed, and European Central Bank, and the Bank of Japan, and probably a bunch of other central banks, are doing. If they didn't do this, things would probably be worse, assuming we are trying to continue the current financial system. What I think the Fed should REALLY do is to stop paying interest on the money that Fed member banks )and probably other account holders) deposit with the Fed. That would cause all this "printed" money out into circulation! |
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Anonymous Coward User ID: 29180569 United States 12/11/2012 10:52 PM Report Abusive Post Report Copyright Violation | What I think the Fed should REALLY do is to stop paying interest on the money that Fed member banks )and probably other account holders) deposit with the Fed. That would cause all this "printed" money out into circulation! Quoting: iwinallday That is what is preventing hyperinflation, because all that printed money is being kept on deposit with the Fed. If the Fed quit paying interest on that, the banks would have to pump it into the economy instead. This would unleash hyperinflation. |
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Anonymous Coward User ID: 29551069 United States 12/11/2012 10:55 PM Report Abusive Post Report Copyright Violation | We need an Economic Jesus to absolve all of the debt so the world can have a fresh start. lol jk thats impossible were fucked. Quoting: iwinallday and please understand the FED is not a us of a organization but a global one, chaired by the queen. and the us of a debt is well over 3+ quadrillion. I imagine what the world debt is. |