RED ALERT: FX Dislocation_In_Process
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RED ALERT: FX Dislocation_In_Process
geez- i voted for ron paul also. if this message board were an election he would be president now. fyi- i can only act on what has happened- can't change it. i do believe the gov't will throw enough $ at this to avoid a true depression. but if you look at employment #'s ( if accurate- i know) the depression had much higher unemployment- and even at its top- most people were working. throw in 2 income families, social security and "unemployment" payments and we still have a long way to go. gotta say johnny damon made my day this a.m on mike and mike. arod didn't commit a crime and did not kill anyone. i gotta laugh. posada walking out tells me he knew the truth was not being told and a-rod was screwing the team mates he loves so much. great ball player- but something is not right with a rod in terms of reality. like mike and mike said- 100 reporters must have boarded planes in search of cousin vinnie. and arod knows a book is coming out on this. he is not dumb- but he is really dis connected from reality.
RED ALERT: FX Dislocation_In_Process
Originally posted by headhunters:
geez- i voted for ron paul also. if this message board were an election he would be president now. fyi- i can only act on what has happened- can't change it. i do believe the gov't will throw enough $ at this to avoid a true depression. but if you look at employment #'s ( if accurate- i know) the depression had much higher unemployment- and even at its top- most people were working. throw in 2 income families, social security and "unemployment" payments and we still have a long way to go. gotta say johnny damon made my day this a.m on mike and mike. arod didn't commit a crime and did not kill anyone. i gotta laugh. posada walking out tells me he knew the truth was not being told and a-rod was screwing the team mates he loves so much. great ball player- but something is not right with a rod in terms of reality. like mike and mike said- 100 reporters must have boarded planes in search of cousin vinnie. and arod knows a book is coming out on this. he is not dumb- but he is really dis connected from reality. All that lawyer talent that he can buy and that is the best story that they can come up with? The young and naive approach? I was only 24 or 25? My Cousin Vinnie? Puhleeese!
I think you're right, he is detached. If he had any hopes of sympathy or forgiveness, they are out the door. Why can't these guys take Pettitte's lead and just come clean? Forgiveness would come a lot faster, now, every sports reporter has more questions than answers. And it goes on and on and.......
[ February 18, 2009, 01:06 PM: Message edited by: DOUGHBOYS ]
geez- i voted for ron paul also. if this message board were an election he would be president now. fyi- i can only act on what has happened- can't change it. i do believe the gov't will throw enough $ at this to avoid a true depression. but if you look at employment #'s ( if accurate- i know) the depression had much higher unemployment- and even at its top- most people were working. throw in 2 income families, social security and "unemployment" payments and we still have a long way to go. gotta say johnny damon made my day this a.m on mike and mike. arod didn't commit a crime and did not kill anyone. i gotta laugh. posada walking out tells me he knew the truth was not being told and a-rod was screwing the team mates he loves so much. great ball player- but something is not right with a rod in terms of reality. like mike and mike said- 100 reporters must have boarded planes in search of cousin vinnie. and arod knows a book is coming out on this. he is not dumb- but he is really dis connected from reality. All that lawyer talent that he can buy and that is the best story that they can come up with? The young and naive approach? I was only 24 or 25? My Cousin Vinnie? Puhleeese!
I think you're right, he is detached. If he had any hopes of sympathy or forgiveness, they are out the door. Why can't these guys take Pettitte's lead and just come clean? Forgiveness would come a lot faster, now, every sports reporter has more questions than answers. And it goes on and on and.......
[ February 18, 2009, 01:06 PM: Message edited by: DOUGHBOYS ]
On my tombstone-
Wait! I never had the perfect draft!
Wait! I never had the perfect draft!
RED ALERT: FX Dislocation_In_Process
Originally posted by DOUGHBOYS:
quote:Originally posted by headhunters:
geez- i voted for ron paul also. if this message board were an election he would be president now. fyi- i can only act on what has happened- can't change it. i do believe the gov't will throw enough $ at this to avoid a true depression. but if you look at employment #'s ( if accurate- i know) the depression had much higher unemployment- and even at its top- most people were working. throw in 2 income families, social security and "unemployment" payments and we still have a long way to go. gotta say johnny damon made my day this a.m on mike and mike. arod didn't commit a crime and did not kill anyone. i gotta laugh. posada walking out tells me he knew the truth was not being told and a-rod was screwing the team mates he loves so much. great ball player- but something is not right with a rod in terms of reality. like mike and mike said- 100 reporters must have boarded planes in search of cousin vinnie. and arod knows a book is coming out on this. he is not dumb- but he is really dis connected from reality. All that lawyer talent that he can buy and that is the best story that they can come up with? The young and naive approach? I was only 24 or 25? My Cousin Vinnie? Puhleeese!
I think you're right, he is detached. If he had any hopes of sympathy or forgiveness, they are out the door. Why can't these guys take Pettitte's lead and just come clean? Forgiveness would come a lot faster, now, every sports reporter has more questions than answers. And it goes on and on and....... [/QUOTE]Unemployment #'s imho are based on a s0-called birth/death model. The Unemployment real rate is probably in 12-13 range based on the following if not more:
Model does NOT include:
1)1099 workers
2) Self-employed workers
3) People who have used up their unemployment benefits and are now off the unemployment rolls
4) My favorite, a person for example that was making 75K is now making min wages or so , yes that person is considered working but in reality that is a huge hit in pay and probably still cannot make the payment.
I believe if you google shadow stats there is a site that estimates all types of indexes that ANALysts do not report.
[ February 18, 2009, 02:33 PM: Message edited by: GoBabyGo ]
quote:Originally posted by headhunters:
geez- i voted for ron paul also. if this message board were an election he would be president now. fyi- i can only act on what has happened- can't change it. i do believe the gov't will throw enough $ at this to avoid a true depression. but if you look at employment #'s ( if accurate- i know) the depression had much higher unemployment- and even at its top- most people were working. throw in 2 income families, social security and "unemployment" payments and we still have a long way to go. gotta say johnny damon made my day this a.m on mike and mike. arod didn't commit a crime and did not kill anyone. i gotta laugh. posada walking out tells me he knew the truth was not being told and a-rod was screwing the team mates he loves so much. great ball player- but something is not right with a rod in terms of reality. like mike and mike said- 100 reporters must have boarded planes in search of cousin vinnie. and arod knows a book is coming out on this. he is not dumb- but he is really dis connected from reality. All that lawyer talent that he can buy and that is the best story that they can come up with? The young and naive approach? I was only 24 or 25? My Cousin Vinnie? Puhleeese!
I think you're right, he is detached. If he had any hopes of sympathy or forgiveness, they are out the door. Why can't these guys take Pettitte's lead and just come clean? Forgiveness would come a lot faster, now, every sports reporter has more questions than answers. And it goes on and on and....... [/QUOTE]Unemployment #'s imho are based on a s0-called birth/death model. The Unemployment real rate is probably in 12-13 range based on the following if not more:
Model does NOT include:
1)1099 workers
2) Self-employed workers
3) People who have used up their unemployment benefits and are now off the unemployment rolls
4) My favorite, a person for example that was making 75K is now making min wages or so , yes that person is considered working but in reality that is a huge hit in pay and probably still cannot make the payment.
I believe if you google shadow stats there is a site that estimates all types of indexes that ANALysts do not report.
[ February 18, 2009, 02:33 PM: Message edited by: GoBabyGo ]
GoBabyGo
RED ALERT: FX Dislocation_In_Process
Originally posted by Gordon Gekko II:
Run on Banks!
ST. JOHN'S, Antigua (Reuters) – Hundreds of people lined up to withdraw money from banks in Antigua and Caracas affiliated with Texas billionaire Allen Stanford, a day after the tycoon was charged with an $8 billion fraud.
The U.S. Securities and Exchange Commission has accused Stanford of operating a fraud centered on the sale of certificates of deposit from his Antiguan affiliate, Stanford International Bank Ltd (SIB).
The scheme has drawn comparisons with the alleged $50 billion fraud by Wall Street veteran Bernard Madoff.
In the twin-island state of Antigua and Barbuda, where Stanford is the biggest private employer, Prime Minister Baldwin Spencer said the charges against him could have "catastrophic" consequences but urged the public not to panic.
Two police officers stood watch at the Bank of Antigua as at least 600 people stood in a line stretching around a street corner, despite assurances from regional monetary authorities that the bank had sufficient reserves.
"I'm worried and I'd like to get my money out," said Andrea Lamar, 28, who joined the line with a friend on a street popular with tourists in the state capital, St. John's. http://www.guardian.co.uk/sport/2009/fe ... n-on-banks
JUST PRINT IT what is the matter with them, just need some trees and ink !
Run on Banks!
ST. JOHN'S, Antigua (Reuters) – Hundreds of people lined up to withdraw money from banks in Antigua and Caracas affiliated with Texas billionaire Allen Stanford, a day after the tycoon was charged with an $8 billion fraud.
The U.S. Securities and Exchange Commission has accused Stanford of operating a fraud centered on the sale of certificates of deposit from his Antiguan affiliate, Stanford International Bank Ltd (SIB).
The scheme has drawn comparisons with the alleged $50 billion fraud by Wall Street veteran Bernard Madoff.
In the twin-island state of Antigua and Barbuda, where Stanford is the biggest private employer, Prime Minister Baldwin Spencer said the charges against him could have "catastrophic" consequences but urged the public not to panic.
Two police officers stood watch at the Bank of Antigua as at least 600 people stood in a line stretching around a street corner, despite assurances from regional monetary authorities that the bank had sufficient reserves.
"I'm worried and I'd like to get my money out," said Andrea Lamar, 28, who joined the line with a friend on a street popular with tourists in the state capital, St. John's. http://www.guardian.co.uk/sport/2009/fe ... n-on-banks
JUST PRINT IT what is the matter with them, just need some trees and ink !
GoBabyGo
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RED ALERT: FX Dislocation_In_Process
go baby- i actually think unemployment is higher than you say. my guess is 20%. my point is it still leaves 80% employed and many of the unemployed do have a safety net. no question all bad #'s are getting worse- but i honestly don't get you and gecko ranting on this. we know it is bad, barrack is pres. we all get it. you and gecko and lance can type away until your fingers fall off and it won't change anything. ya gotta deal with it.
RED ALERT: FX Dislocation_In_Process
Originally posted by headhunters:
go baby- i actually think unemployment is higher than you say. my guess is 20%. my point is it still leaves 80% employed and many of the unemployed do have a safety net. no question all bad #'s are getting worse- but i honestly don't get you and gecko ranting on this. we know it is bad, barrack is pres. we all get it. you and gecko and lance can type away until your fingers fall off and it won't change anything. ya gotta deal with it. Hunter
You are 100% correct. What is the resolution to solve the problems. My take is there can be a resolution but I truly believe the people running this country are owned or blackmailed by the bankers and thus until this evil the Federal reserve is abolished we can never have a resolution.
Its like the cure to cancer I truly believe the cure exists BUT guess what that will never come to light because there is WAY WAY WAY more money in the treatment.
Think about this if the People running this country knew they were going to print trillions of USD why wont they just give a huge amount of money to the people maybe 100-250K. That money would be used to pay off debts and guess what infuse the banks. But they chose to give money to the BANKS (their buddies) and hand the liabilities to taxpayer. WHY? Again by design, I am against bailouts but at least my way Taxpayer would be in good shape and so would the banks. imho
The Cancer here is the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I wish I could get a business like that. Always research. They cause the problem and now they have the solution with FEAR they instill into people that people will give in its part of their plan imho. Crazy? Or reality, that is what you need to decide. I think RON PAUL is pretty clear on this one.
go baby- i actually think unemployment is higher than you say. my guess is 20%. my point is it still leaves 80% employed and many of the unemployed do have a safety net. no question all bad #'s are getting worse- but i honestly don't get you and gecko ranting on this. we know it is bad, barrack is pres. we all get it. you and gecko and lance can type away until your fingers fall off and it won't change anything. ya gotta deal with it. Hunter
You are 100% correct. What is the resolution to solve the problems. My take is there can be a resolution but I truly believe the people running this country are owned or blackmailed by the bankers and thus until this evil the Federal reserve is abolished we can never have a resolution.
Its like the cure to cancer I truly believe the cure exists BUT guess what that will never come to light because there is WAY WAY WAY more money in the treatment.
Think about this if the People running this country knew they were going to print trillions of USD why wont they just give a huge amount of money to the people maybe 100-250K. That money would be used to pay off debts and guess what infuse the banks. But they chose to give money to the BANKS (their buddies) and hand the liabilities to taxpayer. WHY? Again by design, I am against bailouts but at least my way Taxpayer would be in good shape and so would the banks. imho
The Cancer here is the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I wish I could get a business like that. Always research. They cause the problem and now they have the solution with FEAR they instill into people that people will give in its part of their plan imho. Crazy? Or reality, that is what you need to decide. I think RON PAUL is pretty clear on this one.
GoBabyGo
RED ALERT: FX Dislocation_In_Process
Originally posted by GoBabyGo:
.... the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I see that you continue to be incapable of obtaining even the simplest of facts.
Do you know where any and all interest and profits earned by the Federal Reserve Bank go?
Answer: the US Treasury
This is a fact, not open to interpretation. But since you refuse to spend one second of your time to actually understanding how things are, rather than how you imagine them to be, I'm sure you won't believe it. Ask your hero Ron Paul, he can confirm. He has ideological differences with the Fed but he's not ignorant to facts.
Secondly, it is not International and not really private. It is de facto the US government. The "private" aspect of the Fed is that member banks are required to have a set amount of private capital invested, in return for which they receive a very nominal return - which by the way, is completely independent of any profits earned by the Federal Reserve. Federal Reserve profits are returned to the Treasury, which is effectively the US government, which is effectively the citizens of the US.
Let this go to show how easy you can be manipulated by misinformation in the media. I'll say it again, a big problem in this country are people like you who believe what they want to believe and can be manipulated with ease rather than make an effort to discover the truth. This is exactly why politicians don't tell the truth, because it is easier to manipulate public opinion to achieve their interests than to tell the truth and try to explain honest complexities to an ignorant public.
[ February 18, 2009, 04:28 PM: Message edited by: KJ Duke ]
.... the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I see that you continue to be incapable of obtaining even the simplest of facts.
Do you know where any and all interest and profits earned by the Federal Reserve Bank go?
Answer: the US Treasury
This is a fact, not open to interpretation. But since you refuse to spend one second of your time to actually understanding how things are, rather than how you imagine them to be, I'm sure you won't believe it. Ask your hero Ron Paul, he can confirm. He has ideological differences with the Fed but he's not ignorant to facts.
Secondly, it is not International and not really private. It is de facto the US government. The "private" aspect of the Fed is that member banks are required to have a set amount of private capital invested, in return for which they receive a very nominal return - which by the way, is completely independent of any profits earned by the Federal Reserve. Federal Reserve profits are returned to the Treasury, which is effectively the US government, which is effectively the citizens of the US.
Let this go to show how easy you can be manipulated by misinformation in the media. I'll say it again, a big problem in this country are people like you who believe what they want to believe and can be manipulated with ease rather than make an effort to discover the truth. This is exactly why politicians don't tell the truth, because it is easier to manipulate public opinion to achieve their interests than to tell the truth and try to explain honest complexities to an ignorant public.
[ February 18, 2009, 04:28 PM: Message edited by: KJ Duke ]
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RED ALERT: FX Dislocation_In_Process
Originally posted by headhunters:
go baby- i actually think unemployment is higher than you say. my guess is 20%. my point is it still leaves 80% employed and many of the unemployed do have a safety net. no question all bad #'s are getting worse- but i honestly don't get you and gecko ranting on this. we know it is bad, barrack is pres. we all get it. you and gecko and lance can type away until your fingers fall off and it won't change anything. ya gotta deal with it. headhunters - maybe u can take it up the asss with a smile. i'll take it swinging away. i was fed up till i heard the housing BS. that has pushed me over the edge. enough is enough.
while you think we can't change anything, you never know until you try. maybe the thousands of hours i spend on baseball throughout the year could be put to better use. the government is forcing my hand. i will do Jack Cust proud!
go baby- i actually think unemployment is higher than you say. my guess is 20%. my point is it still leaves 80% employed and many of the unemployed do have a safety net. no question all bad #'s are getting worse- but i honestly don't get you and gecko ranting on this. we know it is bad, barrack is pres. we all get it. you and gecko and lance can type away until your fingers fall off and it won't change anything. ya gotta deal with it. headhunters - maybe u can take it up the asss with a smile. i'll take it swinging away. i was fed up till i heard the housing BS. that has pushed me over the edge. enough is enough.
while you think we can't change anything, you never know until you try. maybe the thousands of hours i spend on baseball throughout the year could be put to better use. the government is forcing my hand. i will do Jack Cust proud!
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RED ALERT: FX Dislocation_In_Process
Why is this not taught in high school?
They touched on macro and micro economics, if I recall...but not much detail on banking and finance.
Do those who dictate what is taught and not taught in public schools do this on purpose?
~Lance
They touched on macro and micro economics, if I recall...but not much detail on banking and finance.
Do those who dictate what is taught and not taught in public schools do this on purpose?
~Lance
"The only reason for time is so that everything doesn't happen at once."
~Albert Einstein
~Albert Einstein
RED ALERT: FX Dislocation_In_Process
Originally posted by KJ Duke:
quote:Originally posted by GoBabyGo:
.... the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I see that you continue to be incapable of obtaining even the simplest of facts.
Do you know where any and all interest and profits earned by the Federal Reserve Bank go?
Answer: the US Treasury
This is a fact, not open to interpretation. But since you refuse to spend one second of your time to actually understanding how things are, rather than how you imagine them to be, I'm sure you won't believe it. Ask your hero Ron Paul, he can confirm. He has ideological differences with the Fed but he's not ignorant to facts.
Secondly, it is not International and not really private. It is de facto the US government. The "private" aspect of the Fed is that member banks are required to have a set amount of private capital invested, in return for which they receive a very nominal return - which by the way, is completely independent of any profits earned by the Federal Reserve. Federal Reserve profits are returned to the Treasury, which is effectively the US government, which is effectively the citizens of the US.
Let this go to show how easy you can be manipulated by misinformation in the media. I'll say it again, a big problem in this country are people like you who believe what they want to believe and can be manipulated with ease rather than make an effort to discover the truth. This is exactly why politicians don't tell the truth, because it is easier to manipulate public opinion to achieve their interests than to tell the truth and try to explain honest complexities to an ignorant public. [/QUOTE]Lets play your game please post a reliable source please.
So the FEDERAL RESERVE was given the power to print money under the cover of night on CHRISTMAS EVE in 1913 and the interest they make goes to the US TREASURY???? Are you serious right now.
Furthermore why hasn't the FED EVER been audited? Not even the great David Walker could pull that one off. I guess RON PAUL is nuts also for saying such a thing.
Now tell me who is the one that claims he has researched this topic? But have you really researched or are you afraid that everything you believe might not actually be the way you say it is. The FED is as FEdreal as FEDEX!
quote:Originally posted by GoBabyGo:
.... the FED regardless of what Mr. Duke believes, this is a PRIVATE INTERNATIONAL CARTEL that was given the power to print money and ask us for the interest. I see that you continue to be incapable of obtaining even the simplest of facts.
Do you know where any and all interest and profits earned by the Federal Reserve Bank go?
Answer: the US Treasury
This is a fact, not open to interpretation. But since you refuse to spend one second of your time to actually understanding how things are, rather than how you imagine them to be, I'm sure you won't believe it. Ask your hero Ron Paul, he can confirm. He has ideological differences with the Fed but he's not ignorant to facts.
Secondly, it is not International and not really private. It is de facto the US government. The "private" aspect of the Fed is that member banks are required to have a set amount of private capital invested, in return for which they receive a very nominal return - which by the way, is completely independent of any profits earned by the Federal Reserve. Federal Reserve profits are returned to the Treasury, which is effectively the US government, which is effectively the citizens of the US.
Let this go to show how easy you can be manipulated by misinformation in the media. I'll say it again, a big problem in this country are people like you who believe what they want to believe and can be manipulated with ease rather than make an effort to discover the truth. This is exactly why politicians don't tell the truth, because it is easier to manipulate public opinion to achieve their interests than to tell the truth and try to explain honest complexities to an ignorant public. [/QUOTE]Lets play your game please post a reliable source please.
So the FEDERAL RESERVE was given the power to print money under the cover of night on CHRISTMAS EVE in 1913 and the interest they make goes to the US TREASURY???? Are you serious right now.
Furthermore why hasn't the FED EVER been audited? Not even the great David Walker could pull that one off. I guess RON PAUL is nuts also for saying such a thing.
Now tell me who is the one that claims he has researched this topic? But have you really researched or are you afraid that everything you believe might not actually be the way you say it is. The FED is as FEdreal as FEDEX!
GoBabyGo
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RED ALERT: FX Dislocation_In_Process
Originally posted by sportsbettingman:
Why is this not taught in high school?
#1 teaching - do not spend what you do not have.
Why is this not taught in high school?
#1 teaching - do not spend what you do not have.
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RED ALERT: FX Dislocation_In_Process
Originally posted by Gordon Gekko II:
[QUOTE]
while you think we can't change anything, you never know until you try. maybe the thousands of hours i spend on baseball throughout the year could be put to better use. I've honestly been thinking the exact same thing.
You fit this description GG...
"Here's to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes... the ones who see things differently -- they're not fond of rules... You can quote them, disagree with them, glorify or vilify them, but the only thing you can't do is ignore them because they change things... they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do. "
~Steve Jobs
[QUOTE]
while you think we can't change anything, you never know until you try. maybe the thousands of hours i spend on baseball throughout the year could be put to better use. I've honestly been thinking the exact same thing.
You fit this description GG...
"Here's to the crazy ones, the misfits, the rebels, the troublemakers, the round pegs in the square holes... the ones who see things differently -- they're not fond of rules... You can quote them, disagree with them, glorify or vilify them, but the only thing you can't do is ignore them because they change things... they push the human race forward, and while some may see them as the crazy ones, we see genius, because the ones who are crazy enough to think that they can change the world, are the ones who do. "
~Steve Jobs
"The only reason for time is so that everything doesn't happen at once."
~Albert Einstein
~Albert Einstein
RED ALERT: FX Dislocation_In_Process
Furthermore, another true Patriot (yes he had his shortcomings) was Pres. John F. Kennedy who stood up to the FED! And guess what happened to him. Conspircay non-sense you say? You decide.
Kennedy had BALLS!! And he paid for it. This is just one of many sight. And documented well.
http://www.john-f-kennedy.net/thefederalreserve.htm
Kennedy had BALLS!! And he paid for it. This is just one of many sight. And documented well.
http://www.john-f-kennedy.net/thefederalreserve.htm
GoBabyGo
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RED ALERT: FX Dislocation_In_Process
i'll come up with my game plan this weekend but things i am thinking about...
1. contacting all senators: http://www.senate.gov/general/contact_i ... rs_cfm.cfm
2. contacting all representatives
http://www.house.gov/house/MemberWWW_by_State.shtm
3. requesting face to face meetings with the senators and representatives from Pennsylvania
4. contacting the white house
5. Youtube videos
6. live demonstrations
while i am an educated person, i do enjoy and find value in the Howard Stern and Jackass type of behavior. the "dare to be different and not care what anyone thinks". it may come in handy.
other thoughts?
1. contacting all senators: http://www.senate.gov/general/contact_i ... rs_cfm.cfm
2. contacting all representatives
http://www.house.gov/house/MemberWWW_by_State.shtm
3. requesting face to face meetings with the senators and representatives from Pennsylvania
4. contacting the white house
5. Youtube videos
6. live demonstrations
while i am an educated person, i do enjoy and find value in the Howard Stern and Jackass type of behavior. the "dare to be different and not care what anyone thinks". it may come in handy.
other thoughts?
RED ALERT: FX Dislocation_In_Process
Congress designed the structure of the Federal Reserve System to give it a broad perspective on the economy and on economic activity in all parts of the nation. It is a federal system, composed of a central, governmental agency—the Board of Governors—in Washington, D.C., and twelve regional Federal Reserve Banks. The Board and the Reserve Banks share responsibility for supervising and regulating certain financial institutions and activities, for providing banking services to depository institutions and the federal government, and for ensuring that consumers receive adequate information and fair treatment in their business with the banking system.
The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate.
The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit report of the public accounting firm and a complete list of GAO reviews under way are available in the Board’s Annual Report, which is sent to Congress during the second quarter of each calendar year. Monetary policy is exempt from audit by the GAO because it is monitored directly by Congress through written reports, including the semiannual Monetary Policy Report to the Congress, prepared by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank in an amount equal to 6 percent of their capital and surplus, half of which must be paid in while the other half is subject to call by the Board of Governors. The holding of this stock, however, does not carry with it the control and financial interest conveyed to holders of common stock in for-profit organizations. It is merely a legal obligation of Federal Reserve membership, and the stock may not be sold or pledged as collateral for loans. Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. Stock in Federal Reserve Banks is not available for purchase by individuals or entities other than member banks.
The Federal Reserve
Now STFU until you can refute anything I say with something other than misinformed opinions.
The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate.
The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit report of the public accounting firm and a complete list of GAO reviews under way are available in the Board’s Annual Report, which is sent to Congress during the second quarter of each calendar year. Monetary policy is exempt from audit by the GAO because it is monitored directly by Congress through written reports, including the semiannual Monetary Policy Report to the Congress, prepared by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank in an amount equal to 6 percent of their capital and surplus, half of which must be paid in while the other half is subject to call by the Board of Governors. The holding of this stock, however, does not carry with it the control and financial interest conveyed to holders of common stock in for-profit organizations. It is merely a legal obligation of Federal Reserve membership, and the stock may not be sold or pledged as collateral for loans. Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. Stock in Federal Reserve Banks is not available for purchase by individuals or entities other than member banks.
The Federal Reserve
Now STFU until you can refute anything I say with something other than misinformed opinions.
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RED ALERT: FX Dislocation_In_Process
lance and KJ - you guys better lock your doors...
"Judges tentatively order release of 58,000 Calif. inmates"
"Judges tentatively order release of 58,000 Calif. inmates"
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RED ALERT: FX Dislocation_In_Process
Be prepared to be offered a job to shut up.
~Lance
~Lance
"The only reason for time is so that everything doesn't happen at once."
~Albert Einstein
~Albert Einstein
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RED ALERT: FX Dislocation_In_Process
Former Federal Reserve Chairman Alan Greenspan said the US may be doing too little to repair its financial system and promote an economic recovery.
"The amount of money in both these pots may not be enough to solve the problem,'' Greenspan said in an interview before a speech prepared for today to the Economic Club of New York."
ya, that's the ticket. CREATE & SPEND EVEN MORE MONOPOLY MONEY. that will be there answer every time why the stimulus plans didn't work. WE DIDN'T SPEND ENOUGH MONEY. what a crock of shitt.
http://business.smh.com.au/business/wor ... -8b7o.html
"The amount of money in both these pots may not be enough to solve the problem,'' Greenspan said in an interview before a speech prepared for today to the Economic Club of New York."
ya, that's the ticket. CREATE & SPEND EVEN MORE MONOPOLY MONEY. that will be there answer every time why the stimulus plans didn't work. WE DIDN'T SPEND ENOUGH MONEY. what a crock of shitt.
http://business.smh.com.au/business/wor ... -8b7o.html
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RED ALERT: FX Dislocation_In_Process
Originally posted by sportsbettingman:
Be prepared to be offered a job to shut up.
~Lance or murdered, right?
Be prepared to be offered a job to shut up.
~Lance or murdered, right?
RED ALERT: FX Dislocation_In_Process
Originally posted by GoBabyGo:
Furthermore why hasn't the FED EVER been audited? Not even the great David Walker could pull that one off. I guess RON PAUL is nuts also for saying such a thing.
David Walker is President of the Peter G. Peterson Foundation, I like both of those guys. FYI - From 2000 to 2004, Peter G. Peterson chaired the Federal Reserve Bank of New York. Neither of these guys believe any of your Federal Reserve BS about being Intl bankers taking profits from the American people. Why? Because it's a made-up story like email spam concocted from half-truths and complete ignorance.
[ February 18, 2009, 05:16 PM: Message edited by: KJ Duke ]
Furthermore why hasn't the FED EVER been audited? Not even the great David Walker could pull that one off. I guess RON PAUL is nuts also for saying such a thing.
David Walker is President of the Peter G. Peterson Foundation, I like both of those guys. FYI - From 2000 to 2004, Peter G. Peterson chaired the Federal Reserve Bank of New York. Neither of these guys believe any of your Federal Reserve BS about being Intl bankers taking profits from the American people. Why? Because it's a made-up story like email spam concocted from half-truths and complete ignorance.
[ February 18, 2009, 05:16 PM: Message edited by: KJ Duke ]
RED ALERT: FX Dislocation_In_Process
Originally posted by KJ Duke:
Congress designed the structure of the Federal Reserve System to give it a broad perspective on the economy and on economic activity in all parts of the nation. It is a federal system, composed of a central, governmental agency—the Board of Governors—in Washington, D.C., and twelve regional Federal Reserve Banks. The Board and the Reserve Banks share responsibility for supervising and regulating certain financial institutions and activities, for providing banking services to depository institutions and the federal government, and for ensuring that consumers receive adequate information and fair treatment in their business with the banking system.
The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate.
The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit report of the public accounting firm and a complete list of GAO reviews under way are available in the Board’s Annual Report, which is sent to Congress during the second quarter of each calendar year. Monetary policy is exempt from audit by the GAO because it is monitored directly by Congress through written reports, including the semiannual Monetary Policy Report to the Congress, prepared by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank in an amount equal to 6 percent of their capital and surplus, half of which must be paid in while the other half is subject to call by the Board of Governors. The holding of this stock, however, does not carry with it the control and financial interest conveyed to holders of common stock in for-profit organizations. It is merely a legal obligation of Federal Reserve membership, and the stock may not be sold or pledged as collateral for loans. Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. Stock in Federal Reserve Banks is not available for purchase by individuals or entities other than member banks.
The Federal Reserve
Now STFU until you can refute anything I say with something other than misinformed opinions. LMAO your source is the EVIL itself? Now please provide me a link to an audit report from GAO or Big accounting firm as this wwill discredit RON PAUL hey thanks inadvance!
Congress designed the structure of the Federal Reserve System to give it a broad perspective on the economy and on economic activity in all parts of the nation. It is a federal system, composed of a central, governmental agency—the Board of Governors—in Washington, D.C., and twelve regional Federal Reserve Banks. The Board and the Reserve Banks share responsibility for supervising and regulating certain financial institutions and activities, for providing banking services to depository institutions and the federal government, and for ensuring that consumers receive adequate information and fair treatment in their business with the banking system.
The Board of Governors of the Federal Reserve System is a federal government agency. The Board is composed of seven members, who are appointed by the President of the United States and confirmed by the U.S. Senate.
The Board is audited annually by a major public accounting firm. In addition, the Government Accountability Office (GAO) generally exercises its authority to conduct a number of reviews each year to look at specific aspects of the Federal Reserve’s activities. The audit report of the public accounting firm and a complete list of GAO reviews under way are available in the Board’s Annual Report, which is sent to Congress during the second quarter of each calendar year. Monetary policy is exempt from audit by the GAO because it is monitored directly by Congress through written reports, including the semiannual Monetary Policy Report to the Congress, prepared by the Board of Governors.
Member banks must subscribe to stock in their regional Federal Reserve Bank in an amount equal to 6 percent of their capital and surplus, half of which must be paid in while the other half is subject to call by the Board of Governors. The holding of this stock, however, does not carry with it the control and financial interest conveyed to holders of common stock in for-profit organizations. It is merely a legal obligation of Federal Reserve membership, and the stock may not be sold or pledged as collateral for loans. Member banks receive a 6 percent dividend annually on their stock, as specified by law, and vote for the Class A and Class B directors of the Reserve Bank. Stock in Federal Reserve Banks is not available for purchase by individuals or entities other than member banks.
The Federal Reserve
Now STFU until you can refute anything I say with something other than misinformed opinions. LMAO your source is the EVIL itself? Now please provide me a link to an audit report from GAO or Big accounting firm as this wwill discredit RON PAUL hey thanks inadvance!
GoBabyGo
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RED ALERT: FX Dislocation_In_Process
Another Year of Shock and Awe
By Doug Casey
The $1.1 Trillion Budget Deficit
My reaction is that the people in the government are totally out of control. A poker player would say the government is "on tilt," placing wild, desperate bets in the hope of getting rescued by good luck.
The things they're doing are not only unproductive, they're the exact opposite of what should be done. The country got into this mess by living beyond its means for more than a generation. That's the message from the debt that's burdening so many individuals; debt is proof that you're living above your means. The solution is for people to significantly reduce their standard of living for a while and start building capital. That's what saving is about, producing more than you consume. The government creating funny money - money out of nothing - doesn't fix anything. All it does is prolong the problem and make it worse by destroying the currency.
Over several generations, huge distortions and misallocations of capital have been cranked into the economy, inviting levels of consumption that are unsustainable. In fact, Americans refer to themselves as consumers. That's degrading and ridiculous. You should be first and foremost a producer, and a consumer only as a consequence.
In any event, the government is going to destroy the currency, which will be a mega-disaster. And they're making the depression worse by holding interest rates at artificially low levels, which discourages savings - the exact opposite of what's needed. They're trying to prop up a bankrupt system. And, at this point, it's not just economically bankrupt, but morally and intellectually bankrupt. What they should be doing is recognize that they're bankrupt and then start rebuilding. But they're not, so it's going to be a disaster.
By Doug Casey
The $1.1 Trillion Budget Deficit
My reaction is that the people in the government are totally out of control. A poker player would say the government is "on tilt," placing wild, desperate bets in the hope of getting rescued by good luck.
The things they're doing are not only unproductive, they're the exact opposite of what should be done. The country got into this mess by living beyond its means for more than a generation. That's the message from the debt that's burdening so many individuals; debt is proof that you're living above your means. The solution is for people to significantly reduce their standard of living for a while and start building capital. That's what saving is about, producing more than you consume. The government creating funny money - money out of nothing - doesn't fix anything. All it does is prolong the problem and make it worse by destroying the currency.
Over several generations, huge distortions and misallocations of capital have been cranked into the economy, inviting levels of consumption that are unsustainable. In fact, Americans refer to themselves as consumers. That's degrading and ridiculous. You should be first and foremost a producer, and a consumer only as a consequence.
In any event, the government is going to destroy the currency, which will be a mega-disaster. And they're making the depression worse by holding interest rates at artificially low levels, which discourages savings - the exact opposite of what's needed. They're trying to prop up a bankrupt system. And, at this point, it's not just economically bankrupt, but morally and intellectually bankrupt. What they should be doing is recognize that they're bankrupt and then start rebuilding. But they're not, so it's going to be a disaster.
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RED ALERT: FX Dislocation_In_Process
Originally posted by Gordon Gekko II:
Former Federal Reserve Chairman Alan Greenspan said the US may be doing too little to repair its financial system and promote an economic recovery.
"The amount of money in both these pots may not be enough to solve the problem,'' Greenspan said in an interview before a speech prepared for today to the Economic Club of New York."
ya, that's the ticket. CREATE & SPEND EVEN MORE MONOPOLY MONEY. that will be there answer every time why the stimulus plans didn't work. WE DIDN'T SPEND ENOUGH MONEY. what a crock of shitt.
http://business.smh.com.au/business/wor ... -8b7o.html According to my new pal Mr. Friedman...the FED didn't do what was in essence what they were created to do back in the 1929 era. He feels that by refusing to pump money into the banks and system...they caused way more damage to the Great Depression then had they helped the banks.
So if Greenspan also believes this theory of pump priming...he could be correct, and they are learning from past mistakes.
I'm still a newbie, but that's what I've gathered so far.
http://video.google.com/videoplay?docid ... 9361&hl=en
~Lance
Former Federal Reserve Chairman Alan Greenspan said the US may be doing too little to repair its financial system and promote an economic recovery.
"The amount of money in both these pots may not be enough to solve the problem,'' Greenspan said in an interview before a speech prepared for today to the Economic Club of New York."
ya, that's the ticket. CREATE & SPEND EVEN MORE MONOPOLY MONEY. that will be there answer every time why the stimulus plans didn't work. WE DIDN'T SPEND ENOUGH MONEY. what a crock of shitt.
http://business.smh.com.au/business/wor ... -8b7o.html According to my new pal Mr. Friedman...the FED didn't do what was in essence what they were created to do back in the 1929 era. He feels that by refusing to pump money into the banks and system...they caused way more damage to the Great Depression then had they helped the banks.
So if Greenspan also believes this theory of pump priming...he could be correct, and they are learning from past mistakes.
I'm still a newbie, but that's what I've gathered so far.
http://video.google.com/videoplay?docid ... 9361&hl=en
~Lance
"The only reason for time is so that everything doesn't happen at once."
~Albert Einstein
~Albert Einstein
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RED ALERT: FX Dislocation_In_Process
Originally posted by sportsbettingman:
So if Greenspan also believes this theory of pump priming...he could be correct, and they are learning from past mistakes.
lance - greenspan is one of the PRIMARY reasons we are in this mess!!!!!!!!!!!!!
[ February 18, 2009, 05:23 PM: Message edited by: Gordon Gekko II ]
So if Greenspan also believes this theory of pump priming...he could be correct, and they are learning from past mistakes.
lance - greenspan is one of the PRIMARY reasons we are in this mess!!!!!!!!!!!!!
[ February 18, 2009, 05:23 PM: Message edited by: Gordon Gekko II ]
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RED ALERT: FX Dislocation_In_Process
anything can be solved with enough monopoly money right?