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Originally posted by pause4thought
reply to post by TrainDispatcher
The FED has been lending the banks money at historically low rates, which the banks then lend to the general populace at a higher rate, but low enough to create a surge in demand for credit. Meantime the FED guarantees the loans such that the banks have no disincentive to avoid bad debt.
Cue profit for the FED, profit for the banks, guaranteed bubble, burst and collapse. Except the FED doesn't pick up the tab — the taxpayer does via the bailouts. Meantime the US Congress is bought & paid for...
What is new is that it is being plainly exposed for what it is in a MSM broadcast, with a congressman backing up everything that's said.
Originally posted by sos37
Can someone answer this question - hypothetically speaking, what would happen if the Federal Reserve were abolished? How would that affect our country's economy?
I honestly really don't have a clue and I worry that it's downfall would do a great deal of harm. Is it one of those necessary evils that's propping up our fragile economy right now?
Originally posted by DeathShield
I dunno guys. Doesn't anyone find it fishy that Obamas media lapdog is all of a sudden confirming what some of the groups against him have been touting?
Originally posted by graaly
do you guys think this was all meant to happen and that they are trying to get rid of the old system that people have figured out and bring in the amero with another scheme to make money
Originally posted by DeathShield
I dunno guys. Doesn't anyone find it fishy that Obamas media lapdog is all of a sudden confirming what some of the groups against him have been touting?