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Comments on Fed Z1 Update: They Failed
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User Info Fed Z1 Update: They Failed in forum [Market-Ticker]
Smacktle
Posts: 1362
Incept: 2009-01-20
Green
Texas
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QE3 won't be enough. Need a 4, 5 , 6 ...

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Peterm99
Posts: 4994
Incept: 2009-03-21
Gold
SoCal
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Imustbenutz wrote..
It is high time that we insist of our CongressCritters the the FED's Charter NOT be renewed.
Yeah, that'll work.

Just like it worked when we told them with a better than 100 to 1 ratio to vote against TARP.

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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed

Fraudster
Posts: 4176
Incept: 2011-05-10
Green
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2016 at the most. You would have to think that we will be able to basically double debt from here. IT AIN'T HAPPENING!

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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte

"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
Nelstomlinson
Posts: 124
Incept: 2011-12-21

Juneau Alaska
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Fraudster, we're at 100% debt to GDP, Japan's at 200%. If we can go as far as they did we can double the debt one more time. All the people who should be pulling the plug would be pulling the plug on their own power and wealth at the same time, so that plug won't be pulled.

Things can get worse than you want to imagine before the end. Look at what happened in the Ukraine in 1932. The USSR didn't fall for another 60 years after that. The people in power will do what it takes to stay there, no matter what it does to us.
Joyce
Posts: 104
Incept: 2012-01-08

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http://www.youtube.com/watch?v=5zNwOeyuG....

look at this ass clown... panetta AND the senator

the senator might be right on this issue in his line of questioning, however he nor any other congressman has the balls to initiate impeachment proceedings on any secretary of war (excuse me defense) let alone the president
Fraudster
Posts: 4176
Incept: 2011-05-10
Green
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Be careful in comparing two situations that involve different component factors. The comparison between Japan and the US is NOT a good one, for reasons discussed here ad nauseum. It WILL NOT HAPPEN! Japan's total debt to gdp is about 450%-500%. If you guys are right, total debt in the US will have to go to 700% of GDP (currently about 350%) in order to keep things together to 2020+. IT AIN'T GOING TO HAPPEN GUYS!

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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte

"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
Christiangustafson
Posts: 4140
Incept: 2007-06-27
Green
Helping Hand Acceptance Corporation
Banned
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Don't worry, Windows 8 will ignite the animal spirits.

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It is therefore, on opinion only that government is founded... -- Hume
Striker754
Posts: 671
Incept: 2009-07-09

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Quote:

It aint gonna happen guys


That's what folks have been saying for 3 years and it just continues to truck along. I think a lot of you underestimate the lengths they will go to keep it going. 2008 caught them off guard; I don't think they will let that happen again.
Winstonsmith2009
Posts: 1060
Incept: 2009-08-05

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"Fed Z1 Update: They Failed"

I submit that they have succeeded. They have held off the final reckoning day for nearly four years now while taking part in the greatest transfer of wealth in human history.

BTW, I totally "get" the Cain SuperPAC video about the economy laughed at here:

http://www.colbertnation.com/the-colbert....

and LMAO at the "artsy" video Colbert came up with in response.

Reason: Added link
Ben
Posts: 6223
Incept: 2009-10-09
Silver
The Distant, Glorious, Past
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Wow, GDP and net worth increase is ENTIRELY dependent upon printing, with a Thermodynamic gain of some +8% above the 1.2 T to 1.3 T.

This means that in order to increase standard of living and net worth (for only the top 20%, natch), printing is the only way.

Wow. The USA is farked.

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"Why are you going to learn French?"
"Because I'm going to France," says Joe.
"I'm from the future. You should go to China."
Eaglewwit
Posts: 6054
Incept: 2007-11-30
Green
SoCal
Banned
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Obviously the USA is ****ed, but that only matters as long as a small minority (5-10%) realize it. I don't think we have even got out of decimals yet, we have a long way to go until enough people awaken. Until then the status quo will rule the day. Good luck to you all.

Also, I submit that the FED WON, not failed. They re-inflated the bubbles.

Httpview
Posts: 42
Incept: 2010-01-19

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Moody's declares Greece is in default

// http://www.google.com/hostednews/afp/art....

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