"That one."

[GamTrak]

The more money you print the lower the value of the $. So basicly this bailout will be paid by everyone having hard eaned savings in US $ and not by the people creating the mess (Government and Federal Reserve)

Now your posts are pointing out some good points Promotion!

Our US Government has really screwed up the country big time, BUT it's not to late for CHANGE.

I just wonder why nobody has brought up AIG's parties that were paid for by AMERICAN TAXPAYERS.

I've been on this story since day one and I'm going to stay on it! I love how CNN is doing their top 10 Culprits of the Collapse!

I'm making my list and will do my best to get the word out to expose more of the corruption in our Government.

 

[GamTrak]

When you control the interest rate and the money printer you control the market. And theese tools have neven been controlled by the market but by the Federal Reserve and the Government.

So what you say is simply not correct

The problem is THE PERSON in control. Greenspan screwed up and keep the rate to low for to long. Government should not be involved in a lot of the things they currently are and it's been proven over and over again that once they get involved you can be assured that it will don't get done as it should.

 

[Promotion]

But Obama will not do anything about this. If he was I would be his biggest fan. Obama is not talking about the fact that a private institution like the Federal Reserve can keep printing more and more money out of thind air and that US is spending billions and billions of $ in Afganistan every year.

Now your posts are pointing out some good points Promotion!

Our US Government has really screwed up the country big time, BUT it's not to late for CHANGE.

I've been on this story since day one and I'm going to stay on it! I love how CNN is doing their top 10 Culprits of the Collapse!

I'm making my list and will do my best to get the word out to expose more of the corruption in our Government.

 

[Promotion]

This is 100% correct. However theese problems has accured over and over again not only under Greenspan. I only see one solution to this. Let the $ be backed by gold and not by air. Look at the gold price the last 100 years it will tell you that we would have almost no inflation, and a very stabil interest rate.

But this has never been sugested by either Obama or McCain. They are talking about more control and more money printing.

Obama says more money to healtcare. McCain says more years in Iraq. They both say lower taxes. Where are the money going to come from? I have no doubt in my mind that they will go to the Federal Reserve and ask them to create more money out of thind air. But I really hope that I am wrong but only time will tell.

The problem is THE PERSON in control. Greenspan screwed up and keep the rate to low for to long. Government should not be involved in a lot of the things they currently are and it's been proven over and over again that once they get involved you can be assured that it will don't get done as it should.

 

[GamTrak]

But Obama will not do anything about this. If he was I would be his biggest fan. Obama is not talking about the fact that a private institution like the Federal Reserve can keep printing more and more money out of thind air and that US is spending billions and billions of $ in Afganistan every year.

I don't know how Obama will handle that issue so I can't say right now. It's my belief that Obama is the BEST choice for America and the World at this point in time and it's NOT because he's black. He's the best choice of the two that we have.

As far as Afganistan, fact is, we spend more in one month in Iraq then we have in Afganistan since we've been there (look it up). More importantly, the war in Afganistan is one of neccessity and not choice.

 

[lots0]

When you control the interest rate and the money printer you control the market. And theese tools have neven been controlled by the market but by the Federal Reserve and the Government.

No thats not true. The Fed does not control the market.

You also have some misconceptions about how the US Dollar is valued.
The ONLY thing giving US currency its worth/value is the world confidence in the US Economy (you know that backed by full faith and credit jive)... And that is now ebbing... so the 'value' and exchange rate of the US Dollar drops.

The US Federal reserve has nothing directly to do with the crash of the banking systems in the EU and elsewhere. The US Fed did not and has not ever controlled the currency or interest rates in those countries that have had to seize their own banks and close markets, like the UK or Iceland so your argument is without merit.

 

[GamTrak]

Where are the money going to come from? I have no doubt in my mind that they will go to the Federal Reserve and ask them to create more money out of thind air. But I really hope that I am wrong but only time will tell.

I think that the 10 billion we spend in Iraq is a good start. There are many projects in the "national security" and military sector that can be cut and save billions.

The money is there and Obama will go thru the list line by line and find the waste.

 

[Promotion]

So you support Obama because McCain is an idiot. What a great argument.

Why is the war in Afganistan of neccessity and not choice?

I don't know how Obama will handle that issue so I can't say right now. It's my belief that Obama is the BEST choice for America and the World at this point in time and it's NOT because he's black. He's the best choice of the two that we have.

As far as Afganistan, fact is, we spend more in one month in Iraq then we have in Afganistan since we've been there (look it up). More importantly, the war in Afganistan is one of neccessity and not choice.

 

[GamTrak]

So you support Obama because McCain is an idiot. What a great argument.

Why is the war in Afganistan of neccessity and not choice?

One thing I do NOT like is when someone puts words in my mouth. Please don't do that.

I said I feel Obama is the BEST choice of the two that we have. IMO McCain is a great person and war hero, etc., BUT he is to old and does not show good judgement.

That would explain how the "War Hero" is being slaughtered by the unknown black guy!

 

[GamTrak]

Why is the war in Afganistan of neccessity and not choice?

I'm not interested in talking about the war issue, but i'm sure others may want to hash that out with ya.

 

[lots0]

Hey Gamtrack,

Do you know where that the 10 Billion a month we are spending in Iraq is coming from?

We are borrowing that $10 Billion a week from the Chinese government at a secret interest rate, that some knowledgeable folks estimate to be in the neighborhood of 25% to 28%...

Amazing, because as has been pointed out... We print our money out of thin air... So why do we need to borrow any? Why not just print some more?

Talk about the people of this country being sold out, by those we trusted...

Obama and McCain BOTH voted to approve this secret interest rate and this unprecedented borrowing by the US government. They also BOTH voted for the bail out of the Uber Rich Bankers... Makes you think don't it?

 

[Promotion]

I have never blaimed The Fed for our problems in europe but the Fed has a responsobility for the countrys that is using the $. Also the Fed has a minor influence in europe just as the European central bank has influence in the US because of the power of the $ and the .

And why do you think the faith in the $ is ebbing..... that is because you print to much money and spend to much and bacause the $ is not backed by real value. So yes the amount of $ in the market has a very big influence on the value.

The Fed is together with the Government very much responsible for the crash on Wall Street. If you keep offering banks and other financial companies very low interest rates and keeps sending more and more money into the market so that the inflation is actually higher than the interest rate it will end up in a mess.

No thats not true. The Fed does not control the market.

You also have some misconceptions about how the US Dollar is valued.
The ONLY thing giving US currency its worth/value is the world confidence in the US Economy (you know that backed by full faith and credit jive)... And that is now ebbing... so the 'value' and exchange rate of the US Dollar drops.

The US Federal reserve has nothing directly to do with the crash of the banking systems in the EU and elsewhere. The US Fed did not and has not ever controlled the currency or interest rates in those countries that have had to seize their own banks and close markets, like the UK or Iceland so your argument is without merit.

 

[Promotion]

np. I should also rather spend the evening on some poker tourney

I'm not interested in talking about the war issue, but i'm sure others may want to hash that out with ya.

 

[GamTrak]

Hey Gamtrack,

Do you know where that the 10 Billion a month we are spending in Iraq is coming from?

We are borrowing that $10 Billion a week from the Chinese government at a secret interest rate, that some knowledgeable folks estimate to be in the neighborhood of 25% to 28%...

Amazing, because as has been pointed out... We print our money out of thin air... So why do we need to borrow any? Why not just print some more?

Talk about the people of this country being sold out, by those we trusted...

Obama and McCain BOTH voted to approve this secret interest rate and this unprecedented borrowing by the US government. They also BOTH voted for the bail out of the Uber Rich Bankers... Makes you think don't it?

Yep, I know that we are indebted to China big time and it's scary.

What happened with the bailout was all politics and pissed me off. They both had NO choice but to vote for it after Bush/Paulsen started using words like Panic, depression, crisis, etc.

I know that it tore McCain up to have to vote yes, but it just goes to show how screwed up our goverment is.

Hey why don't us CM members run for office! LMAO

 

[lots0]

The Fed is together with the Government very much responsible for the crash on Wall Street. If you keep offering banks and other financial companies very low interest rates and keeps sending more and more money into the market so that the inflation is actually higher than the interest rate it will end up in a mess.

I disagree with the fed part of your statement as I have already pointed out.

However, I do agree the Financial Crash is the American Governments Responsibility. No regulations or the companies themselves writing their own regulations is what has caused this current Banking crisis without a doubt.

Decades of deregulation in the banking and financial sectors... followed up by a "greed is good attitude" is what has driven us to the brink.

You can't deregulate Wolves and expect them to act like Dogs, it just won't work...

 

[Promotion]

I dont think this is 100% true. However i dont have the correct numbers right now. But i know for sure that 10 billions a week if not correct but yes you borrow alot of money from China. Have no idea about the interest rate but the interest rate in Asia is low at the moment so I would say that 25% is not correct. Where do you get theese numbers from?

But even if you borroed 10 billions a week from China. You also borrow alot of money from The Fed. It has been estimated that the Fed has created 4000 billions of new credit over the last two years.

Also it is totally crazy that you have to pay interest rate to the Fed? This actullay means that even more money taken out of the pocket of hard working americans and into the pockets of private bankers.

Hey Gamtrack,

Do you know where that the 10 Billion a month we are spending in Iraq is coming from?

We are borrowing that $10 Billion a week from the Chinese government at a secret interest rate, that some knowledgeable folks estimate to be in the neighborhood of 25% to 28%...

Amazing, because as has been pointed out... We print our money out of thin air... So why do we need to borrow any? Why not just print some more?

Talk about the people of this country being sold out, by those we trusted...

Obama and McCain BOTH voted to approve this secret interest rate and this unprecedented borrowing by the US government. They also BOTH voted for the bail out of the Uber Rich Bankers... Makes you think don't it?

 

[lots0]

What happened with the bailout was all politics and pissed me off. They both had NO choice but to vote for it after Bush/Paulsen started using words like Panic, depression, crisis, etc.

Kinda like when Bush and his cronies were using words like "Weapons of Mass destruction", "Imminent threat" and my favorite "Nukler Threat"...

Come on these A-holes in power will say ANYTHING to get what they want.

Hey why don't us CM members run for office! LMAO

Already been there and done that...
I was naive enough at one time to think you could change the system from within... You can't.

 

[Promotion]

I just cant see how you think that we can get rid of boubles when we keep having an interest rate that sometimes is down at 2% and sometimes up at 8%.

If you can borrow money to as low as 2% people is tempted, and often they are under pressue to do so because if they don`t borrow money and develop their company their competetors will and they dont reach budget.

Just the same as when people looks at the at a new house they will look at the monthly prize and if that goes up from 2-8% they cant pay any longer and cant sell to the prize they need and we have a bouble.

And as the Fed is responsible for the interest rate i simply cant understand how you can say that they are not connected with the current problems.

I disagree with the fed part of your statement as I have already pointed out.

However, I do agree the Financial Crash is the American Governments Responsibility. No regulations or the companies themselves writing their own regulations is what has caused this current Banking crisis without a doubt.

Decades of deregulation in the banking and financial sectors... followed up by a "greed is good attitude" is what has driven us to the brink.

You can't deregulate Wolves and expect them to act like Dogs, it just won't work...

 

[lots0]

I just cant see how you think that we can get rid of boubles when we keep having an interest rate that sometimes is down at 2% and sometimes up at 8%.

If you can borrow money to as low as 2% people is tempted, and often they are under pressue to do so because if they don`t borrow money and develop their company their competetors will and they dont reach budget.

Just the same as when people looks at the at a new house they will look at the monthly prize and if that goes up from 2-8% they cant pay any longer and cant sell to the prize they need and we have a bouble.

And as the Fed is responsible for the interest rate i simply cant understand how you can say that they are not connected with the current problems.

I don't know what a " bouble" is, so I can't really respond to that.

But I will say that with good government regulation comes things like responsible and honest interest rates, no predatory lending and no credit slaves. (credit slave = A person who is indebted to the credit companies for life)

Federal Regulations control the Federal Reserve, not the other way around.

 

[Promotion]

nah I think the Government has more or less lost the control with the Fed.

I basicly agree with your point. I just say that i think a much better way to reach this goal is to get rid of the Fed and create a $ based on the value of gold and not air. This would make a stabil interestrate and a low inflation. We would then also avoid that many people becomes credit slaves as it would be harder to end up in a mess when you dont risk running into big time increasing interest rate and high inflation

I don't know what a " bouble" is, so I can't really respond to that.

But I will say that with good government regulation comes things like responsible and honest interest rates, no predatory lending and no credit slaves. (credit slave = A person who is indebted to the credit companies for life)

Federal Regulations control the Federal Reserve, not the other way around.

 

[RobWin]

nah I think the Government has more or less lost the control with the Fed.
I basicly agree with your point. I just say that i think a much better way to reach this goal is to get rid of the Fed and create a $ based on the value of gold and not air. This would make a stabil interestrate and a low inflation. We would then also avoid that many people becomes credit slaves as it would be harder to end up in a mess when you dont risk running into big time increasing interest rate and high inflation

The government never had control of the Federal Reserve and they still don't...here is the proof,

An Inside View of International Banking by G. Edward

[ame="http://video.google.com/videoplay?docid=449294564876413449"]http://video.google.com/videoplay?docid=449294564876413449[/ame]

 

[Promotion]

Well basicly they could have control if they wanted.

But at the moment they have absolutely no control and most of the members of Congress and rest of Government dont understand the situation or the system. And neither Obama or McCain has any clue what is hapening around them so future really not look that bright.

Also check out: campaignforliberty.com for more info

The government never had control of the Federal Reserve and they still don't...here is the proof,

An Inside View of International Banking by G. Edward

You do not have permission to view link Log in or register now.

 

[GamTrak]

And neither Obama or McCain has any clue what is hapening around them so future really not look that bright.

Obama has the intellect to surround himself with people that can get America back on track so don't count us out just yet.

McCain puts country first by choosing a 'bimbo' as a running mate. That may cost him this election.

 

[RobWin]

Obama has the intellect to surround himself with people that can get America back on track so don't count us out just yet.

McCain puts country first by choosing a 'bimbo' as a running mate. That may cost him this election.

Hey Gam...that's my pet name for her...LOL

 

[GamTrak]

Hey Gam...that's my pet name for her...LOL

LOL Yep, I know Rob, I use it because it's more polite than 'hate mongering idiot'.

 

[lots0]

As far as the Federal reserve goes Aaron Russo, the same guy that made the movies "The Rose" and "Trading Places", made a really good documentary about the Fed...
[ame="http://video.google.com/videoplay?docid=-1656880303867390173&hl=en"]America: Freedom to Fascism - Director's Authorized Version[/ame]

Its long at 111 minutes but it is well worth the watch.

 

[RobWin]

As far as the Federal reserve goes Aaron Russo, the same guy that made the movies "The Rose" and "Trading Places", made a really good documentary about the Fed...

You do not have permission to view link Log in or register now.

Its long at 111 minutes but it is well worth the watch.

I always use to watch all of Aaron Russo's stuff, RIP Aaron, I remember watching that one when it first came out and I saved a copy of it too, good stuff for anyone that wants to know about what goes on behind the scenes...