***Volker Issue Dire Warning*** | |
Anonymous Coward User ID: 399487 United States 11/26/2008 11:59 AM Report Abusive Post Report Copyright Violation | |
WalkerTalker User ID: 544311 United States 11/26/2008 12:03 PM Report Abusive Post Report Copyright Violation | Paul Volker will be in the Obama team of financial advisors. Prepare to walk through history, some really interesting stuff is just ahead for all of us, not all bad, I feel. We have been groomed to be without hope, but for those who think with an open mind and do not fear, there are lots of answers. We may not be totally copmfortable with changes in economics, but I would say this is a good time to try and understand it all as best as one can. Perhaps many of us poor people will have moments of great opportunity if we understand what is coming and act decisively. |
Anonymous Coward User ID: 556070 United States 11/26/2008 12:13 PM Report Abusive Post Report Copyright Violation | "Chairman of the Federal Reserve Paul Volcker, a Democrat, was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan. Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s by limiting the growth of the money supply, abandoning the previous policy of targeting interest rates. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983. However, the change in policy contributed to the significant recession the U.S. economy experienced in the early 1980s, which included the highest unemployment levels since the Great Depression, and Volcker's Fed also elicited the strongest political attacks and most wide-spread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of the high interest rates on the construction and farming sectors, culminating in indebted farmers driving their tractors onto C Street NW and blockading the Eccles Building." Sounds like just the guy we need, huh? |
Anonymous Coward User ID: 559695 United States 11/26/2008 12:29 PM Report Abusive Post Report Copyright Violation | |
mizerock User ID: 42318 United States 11/26/2008 12:35 PM Report Abusive Post Report Copyright Violation | How are things going to get better? What does America "produce" anymore? Software code? Others do it at least as well, and much cheaper. Houses? That was a one-time artificial bubble, could not be maintained. Financial services? I'd be laughing if I wasn't crying. Cars? Yeah, this list just gets more and more ridiculous / awful, doesn't it? What exactly are we going to change into? With all of our raw materials, I suppose we could be a great manufacturing power again ... if we were willing, as a nation, to take a 65% pay cut. At least we would be be less of a nation of cubicle workers again, more in touch with the product of our labor [cue for commie-phobics to go crazy here] Problem #1: universal health care? [link to www.salon.com] |
Anonymous Coward User ID: 376196 United States 11/26/2008 12:40 PM Report Abusive Post Report Copyright Violation | |
Freethinker User ID: 475532 United States 11/26/2008 12:46 PM Report Abusive Post Report Copyright Violation | there are solutions. Thread: Who I am and What I think we should do I invite you to contribute to my solutions thread. all authority is given to me |
mizerock User ID: 42318 United States 11/26/2008 12:47 PM Report Abusive Post Report Copyright Violation | No worries, they will just keep throwing out fools gold money. A couple of billion here, a couple of trillion there. It is not printed money, just electronic digits. Binary numbers of 1s and 0s. Welcome to the Matrix. Quoting: Anonymous Coward 376196How long can this shell game go on? Answer according to most "experts" for the past several decades: indefinitely Answer according to most "experts" now: WTF is happening, I'm confused, why isn't this brilliant plan to ignore consequences of actions working anymore, etc., etc. |
Anonymous Coward User ID: 519348 United States 11/26/2008 12:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2886 United States 11/26/2008 12:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 559548 United States 11/26/2008 12:52 PM Report Abusive Post Report Copyright Violation | |
TB User ID: 553034 Venezuela 11/26/2008 12:59 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 376196 United States 11/26/2008 01:00 PM Report Abusive Post Report Copyright Violation | No worries, they will just keep throwing out fools gold money. A couple of billion here, a couple of trillion there. It is not printed money, just electronic digits. Binary numbers of 1s and 0s. Welcome to the Matrix. Quoting: mizerockHow long can this shell game go on? Answer according to most "experts" for the past several decades: indefinitely Answer according to most "experts" now: WTF is happening, I'm confused, why isn't this brilliant plan to ignore consequences of actions working anymore, etc., etc. I am beginning to think it is all part of the plan to create the NWO. It has been in the works for awhile. Remember when there was a closed session Congress earlier in the year, I wonder what they were discussing heh? :) They are all in on this and they are playing dumb. |
mizerock User ID: 42318 United States 11/26/2008 01:06 PM Report Abusive Post Report Copyright Violation | The economists that I work with find the idea of hyperinflation laughable. Nobody is spending money, nobody is lending money, how can inflation happen? They are much more worried about deflation. What about the massive amount of new money being created? Irrelevant, they claim. Hmmmmm. |
Anonymous Coward User ID: 552391 United States 11/26/2008 01:07 PM Report Abusive Post Report Copyright Violation | warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence. Quoting: AvianPhlu 464853A collapse will make people desperate, desperate people are more likely to agree to Obama's commie plans. So it works out nicely for the Obama administration. |
Anonymous Coward User ID: 376196 United States 11/26/2008 01:22 PM Report Abusive Post Report Copyright Violation | The economists that I work with find the idea of hyperinflation laughable. Nobody is spending money, nobody is lending money, how can inflation happen? They are much more worried about deflation. Quoting: mizerockWhat about the massive amount of new money being created? Irrelevant, they claim. Hmmmmm. Why don't you ask your brilliant Ivy League economist buddies why the SEC took away the short selling Uptick rule back in July of 2007? |
Anonymous Coward User ID: 558159 United States 11/26/2008 04:46 PM Report Abusive Post Report Copyright Violation | warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence. Quoting: Anonymous Coward 552391A collapse will make people desperate, desperate people are more likely to agree to Obama's commie plans. So it works out nicely for the Obama administration. CNN kept trashtalking the economy for the last two years so a democrat would get elected. Well, enough idiots believed them, and now we have a total loss of confidence, engineered by the libtards. Nice going, creeps. |
Normal Is Subjective User ID: 470183 Canada 11/26/2008 04:49 PM Report Abusive Post Report Copyright Violation | warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence. Quoting: Anonymous Coward 558159A collapse will make people desperate, desperate people are more likely to agree to Obama's commie plans. So it works out nicely for the Obama administration. CNN kept trashtalking the economy for the last two years so a democrat would get elected. Well, enough idiots believed them, and now we have a total loss of confidence, engineered by the libtards. Nice going, creeps. Now it's CNNs fault? The delusion is strong in this one. I thought I'd beat the inevitibility of death to death just a little bit. |
mizerock User ID: 149120 United States 11/26/2008 05:20 PM Report Abusive Post Report Copyright Violation | |