Powell finally doing the right thing

Hawkeye10 said:
WOW, we really do split here. I am a socialist who has no problem with government, of what ever size and power the people want, and I do not believe that government is inherently either good or bad. That said I am very opposed to the abuse and straight up betrayal of the people by our current government, but the people over many decades have allowed this to happen, the citizens have for a very long time refused to do our duty and supervise the government, and now we are so very fucked.
Click to expand...

every government does this, socialist ones most of all.
 
Althea said:
What does that have to do with the Fed?
Click to expand...
I don’t know. You tell me.
Althea said:
The Fed has been propping it up for 3 years.
Click to expand...
The fed has been propping up FedEx for 3 years? Interesting. You have a link to back that up?
After all fedex is a corporation, right? Therefore evil and greedy according to loons. Propped up by the feds according to you.
 
Last edited:
Hawkeye10 said:
Democracy only works if the citizens do their duty. How you feel about that is irrelevant.
Click to expand...
Do you really believe that government and government to business relationships are transparent?
Most of the long term damage we are suffering under was planned in secret.

The Bilderbergers, The Trilateral Commission, Skull And Crossbones and God only knows how many other secret societies are not conspiracies they are real.

You cannot blame our citizens for thing that were done against their will in secret.
 
Celticguy said:
the 14 years of quantitative easing will make this recession very bad, no doubt about it. but ignoring it isnt fixing it. the piper was going to have to be paid at some point. Should have been before now but Wall Street said no.
Click to expand...

What piper? That problem isn't ours. We can function fine without the banks maxing their earnings. They need to feel pain, not us because this is their problem, not ours.
 
Joe Capitalist said:
Ohh, there's plenty of doubt about your silly prediction. Your petty Chicken Little Scare Tactics are lame and nobody's listening.
This is what the far right does. They did it for eight years of Obama. Remember: "America as we know it will cease to exist"? Yeah, that was a good one.

BWAAHAHAHAHAHAHAAAAHAHAHAHAAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHA!!!
Click to expand...

Well, you are listening.

So I guess you cannot say that accurately.
 
Joe Capitalist said:
I laugh at their Chicken Little Scare Tactics. They've been predicting Doom-and-Gloom for 30 years now and it's never come to fruition. The only thing that comes close was Bush Jr's American Dream Home Downpayment act that was responsible for the 2008 Mortgage Meltdown.
https://www.newsweek.com/so-much-bushs-ownership-society-92163
What a bunch of morons.

tenor.gif
tenor.gif
Click to expand...

It's hardly just his fault.

Sure, it was a highly, flawed bill.
But both houses passed it unanimously/without objection.
https://www.govtrack.us/congress/bills/108/s811

And if the Fed had not played ball - they could have killed it right away (in essence).
Plus there was the subprime mess that had nothing directly to do with the Bill.
And homeowners went nuts with it.

GWB's Bill might have started the ball rolling.
But almost the entire nation was gung ho/to blame for it.
 
Celticguy said:
A day late (more like 180 days) and a dollar short but he's finally putting citizens ahead of Wall Street

Beginning in May the Fed will be selling off it's balance sheet up to 95 billion a month (60b in treasuries 35b mortgage backed securities) in addition to the previously announced quarter point increase in rates (look for this to nudge up to 1/2).

This is the standard fix to ease inflation but comes with a cost to the stock markets and a recession.

So time to trim those sails kids. Dont say you were not warned.
Click to expand...

How many Trumpers are willing to go all-in on Truth Media?
 
McRocket said:
It's hardly just his fault.

Sure, it was a highly, flawed bill.
But both houses passed it unanimously/without objection.
https://www.govtrack.us/congress/bills/108/s811

And if the Fed had not played ball - they could have killed it right away (in essence).
Plus there was the subprime mess that had nothing directly to do with the Bill.
And homeowners went nuts with it.

GWB's Bill might have started the ball rolling.
But almost the entire nation was gung ho/to blame for it.
Click to expand...

Bullshit. The mortgage meltdown never would've happened without Bush Jr's legislation. And you're blaming those homebuyers who took advantage of The no-downpayment loans? For someone who hates both parties, you certainly suck a lot of Republican dick, McFuckit.
 
McRocket said:
It's hardly just his fault.

Sure, it was a highly, flawed bill.
But both houses passed it unanimously/without objection.
https://www.govtrack.us/congress/bills/108/s811

And if the Fed had not played ball - they could have killed it right away (in essence).
Plus there was the subprime mess that had nothing directly to do with the Bill.
And homeowners went nuts with it.

GWB's Bill might have started the ball rolling.
But almost the entire nation was gung ho/to blame for it.
Click to expand...
Lindsey Graham, repeal of the Glass Stegal Act.
None of what transpired would have been possible otherwise.
 
You must log in or register to reply here.
Back
Top