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Bernanke rescues economy, gets carping from Congress

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  • Tue, Aug 04, 2009 - 06:52pm

    #11
    Peak Prosperity Admin

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    Re: Bernanke rescues economy, gets carping from Congress

[quote=Ready]

C1oud,

Go throw your stones elsewhere, I will not rise to your bait.

[/quote]

Sorry, Rog;

No stones intended . . . and it wasn’t intended as bait, as I don’t like to bicker . . but I do think that the ethical question is valid . . . I hope that we haven’t all fallen to a level where we’re just looking to save our behinds, regardless of what’s right or wrong . . .  Perhaps I misunderstood your point . . . ? 

I was really just using the same pun on your moniker that you’ve used, many times . . . to say that, if you mean that we should look the other way, for the benefit of the few of us who have this figured out, I don’t think that I can ever share that viewpoint.  But, perhaps, that’s not what you meant?

(Edited:  second paragraph added, for clarity)

  • Tue, Aug 04, 2009 - 07:18pm

    #12
    Peak Prosperity Admin

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    Re: Bernanke rescues economy, gets carping from Congress

[quote=Ready]

Larry, hopefully you understand that I agree. But take Madoff for example. All his investors were doing fine, had access to money, etc. UNTIL HE WAS EXPOSED. Then they ended up with nothing overnight.

This whole deal of the Fed is a scam and a grand Ponzi scheme that is destined for failure. You shine a light on them and you will have a massive dollar crisis in a nano-second. It will be the very thing (many of us) want to prevent.

All I am saying is don’t pull the plug until we are ready… right now my sense is that there are not enough awakened Americans and we need the time to further prepare. More come online every day…

[/quote]

Rog –

One of the things we discussed at length at Lowesville was the fact that no meaningful societal change or social movement was ever initiated inside the confines of the Idiocracy in DC.  (Okay, Chris just said DC, I added the "Idiocracy" moniker.)

Meaningful change only follows a severe shock to the status quo.  Just imagine how many Americans would jump onboard the Reform Train following a complete collapse of the banking system and the world economy?  We’d likely swap out all the snapperheads in DC and be able to enact real change.

  • Tue, Aug 04, 2009 - 08:28pm

    #13
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    Re: Bernanke rescues economy, gets carping from Congress

[quote=Dogs_In_A_Pile]

One of the things we discussed at length at Lowesville was the fact that no meaningful societal change or social movement was ever initiated inside the confines of the Idiocracy in DC.  (Okay, Chris just said DC, I added the "Idiocracy" moniker.)

Meaningful change only follows a severe shock to the status quo.  Just imagine how many Americans would jump onboard the Reform Train following a complete collapse of the banking system and the world economy?  We’d likely swap out all the snapperheads in DC and be able to enact real change.

[/quote]

I’ve heard this logic before, even spouted it myself until recently. I’ve had a change of heart on this topic.

My concern is twofold. First, if you look through history, anywhere there is a political power vacuum, seldom does the resulting regime turn out to be what is best for the people. People often cite the Revolutionary War, but during that entire period, the US had it’s own government which stayed intact before, during, and after. On the other end of the spectrum is Germany post WWI, where Germany had no sense of itself, and was badly in need of leadership. We all know where that story ends. I guess my question is "Swap out the snapperheads" with who? I’d hate to be in a rush and get this one wrong like so many have in history. This should not be interpreted as as support for the status quo, it is not.

Secondly, it would seem that a "slow power-down" so to speak would be the best overall plan at this point, having lost our opportunity to make meaningful corrections some time ago. This will effect the entire globe, not just the US. I don’t believe that we have the power to remove the Fed or any other government agency (yet, not enough people awake)  so this is a bit of a mute point. But if we did have the support we need, I would advocate a very careful approach to the situation. Simply ripping off the band aid would be counter-productive to the masses and will generate more turmoil than is necessary.

Let’s walk through the process. Assuming we could cause an audit of the Fed, and it becomes apparent to the entire world that the shell game is taking place, and a new US federal debt bubble, the likes of which has never been seen is forming. Pop! Everyone with any sense gets out of USD overnight. Now, farms don’t run, trucks don’t bring groceries, people riot and die. And all so that we can move the ability to print worthless USDs from the Fed to the USGov? And how does this process somehow fix the problems, not to mention the ones it creates?

The whole thing seems to me that we would be biting our nose off to spite our face. Sure we are angry at the Fed and the banksters, and many hate the USGov. But to tear it all down without USGov 2.0 ready to roll? Ah, what the hell, the United Nations will step in and put us on track, right?

 

 

  • Tue, Aug 04, 2009 - 08:55pm

    #14
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    Re: Bernanke rescues economy, gets carping from Congress

 [quote]Assuming we could cause an audit of the Fed, and it becomes apparent to the entire world that the shell game is taking place, and a new US federal debt bubble, the likes of which has never been seen is forming. Pop! Everyone with any sense gets out of USD overnight. Now, farms don’t run, trucks don’t bring groceries, people riot and die. And all so that we can move the ability to print worthless USDs from the Fed to the USGov? And how does this process somehow fix the problems, not to mention the ones it creates?[/quote]

This will happen anyway.  The idea that a small group of Wall St types can save our lives with phony money is the problem in the first place…why do 350,000,000 americans slavishly/passively wait on them to feed us? The primary thing the Fed is doing in the meantime is restructuring the economy according to the ways TPTB want so they have more power as we move into the "pop," for example JPMChase seizing the entire PNW as the government approved it’s WAMU takeover for practically free which gives the NY financial interests behind JPMChase control in a densely populated region of the US it had yet to takeover.  I’d rather have the pop before Wall St/DC has setup their strategic plans to control the pop.  I’d rather return to a republic…if governors did their jobs, letting things pop wouldn’t be anarchy…we’ve been so trained in national empire we no longer trust the form of government the constitution setup.  The pop would be extremely painful (there’s no escaping the eventual pain), but not uncontrolled anarchy. 

Once the next phase of the collapse sets in, it will be clear that what you’re suggesting the Fed has succeeded at doing is not true. They have only temporarily pumped another shot of heroin into the addict…and the addict is now fooled into thinking the heroin has again saved him. Withdrawal is coming.  

  • Tue, Aug 04, 2009 - 08:55pm

    #15
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    Re: Bernanke rescues economy, gets carping from Congress

Rog –

If not the UN, then Planet X and December 21st, 2012 when the world comes to an end. 

  • Tue, Aug 04, 2009 - 08:59pm

    #16
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    Re: Bernanke rescues economy, gets carping from Congress

[quote=strabes]

 This will happen anyway.  The idea that a small group of Wall St types can save our lives with phony money is the problem in the first place…why do 350,000,000 americans slavishly/passively wait on them to feed us?  The primary thing the Fed is doing in the meantime is restructuring the economy according to the ways TPTB want so they have more power as we move into the "pop," for example JPMChase seizing the entire PNW as the government approved it’s WAMU takeover for practically free which gives the NY financial interests behind JPMChase control in the last densely populated region of the US it had yet to takeover.  I’d rather have the pop before Wall St/DC has setup their strategic plans to control the pop.  I’d rather return to a republic…if governors did their jobs, letting things pop wouldn’t be chaos.  It would be extremely painful (there’s no escaping the eventual pain), but not uncontrolled. 

Once the next phase of the collapse sets in, it will be clear that what you’re suggesting the Fed has succeeded at doing is not true. They have only temporarily pumped another shot of heroin into the addict…and the addict is now fooled into thinking the heroin has again saved him. Withdrawal is coming.  

[/quote]

Strabes, I cannot dispute what you are saying. The reason 349,000 (at least some of us are awake) are waiting to be fed is because our citizenry is not aware of the acts being committed. We need to make them aware.

Who will give the states the appropriate support to minimize disruptions? An informed and active base of citizens. In my opinion, this is the part we are lacking.

I am not suggesting the Fed has done anything more than stick it’s 10 fingers in the 20 holes in the dike. It will come down, I completely agree. If it happens tomorrow, Americans will be reactionary. Emotion is a bad place to deal from in these times, wouldn’t you agree?

  • Tue, Aug 04, 2009 - 09:05pm

    #17
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    Re: Bernanke rescues economy, gets carping from Congress

[quote=Dogs_In_A_Pile]

Rog –

If not the UN, then Planet X and December 21st, 2012 when the world comes to an end. 

[/quote]

Dogs, like I said at the beginning of this post, be careful what you wish for.

Personally, I think the Myans had something to do with the swine flu, I just can’t prove it.

  • Tue, Aug 04, 2009 - 09:20pm

    #18
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    Re: Bernanke rescues economy, gets carping from Congress

Rog, yes I agree.  We’re in quite a pickle.  Unfortunately I think you’re right because we have become a hollow shell of an addict who can’t manage his own life.  We need inpatient treatment.  But there is no such thing for empires.  So I suppose I agree that the Fed trying to manage this from an overnight catastrophic death spiral into a more managed catastrophe might save millions of lives, but millions around the world will still prematurely die…catastrophe comes regardless.  But I’m going to continue pointing out how they’re enacting the plans of strategic interests in the process of managing the collapse…Bernanke gets his marching orders from secret meetings with those interests…the stuff that’s not audited…and I will continue opposing those strategic interests.

As far as this thread goes, I just have a problem with an article claiming the Fed has saved us.  Truth needs to be spoken.  The cartel around the Fed was the cancer in the first place so a cute, bald, little academic with a beard telling us that we need to give the cancer more power is offensive and infuriating to me.  

  • Tue, Aug 04, 2009 - 09:32pm

    #19
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    Re: Bernanke rescues economy, gets carping from Congress

Never have I been disappointed to hawk this site, and this thread is certainly no exception.

The two opposite views here on what to do about the FED is a bit of a national quandary.  The shear complexity of the situation may be steering more people than we know to doing nothing out of a sense of confusion, helplessness, and insecurity. 

We each have our individual idea of where we’d like to be when the lights go out, but just like the greed that put us here, will any of us ever reach a self-imposed level of preparedness – or will we keep raising the bar while looking the other way?

And regardless of when the bubble burts, won’t the end result play out basically the same?  What new potential leaders have emerged, or dare to at this point in time?  What new party has emerged based solely on the principles of our Republic?  What overwhelming public outcry has there been to the passing of outlandish legislation in the absence of representation?  Today, tomorrow, next week, it makes no difference to me.

  • Tue, Aug 04, 2009 - 09:51pm

    #20
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    Re: Bernanke rescues economy, gets carping from Congress

[quote=kaman]

What new potential leaders have emerged, or dare to at this point in time?  What new party has emerged based solely on the principles of our Republic? 

[/quote]

This is what scares me the most about an abrupt shock. In the absence of true leadership, the banksters will have no opposition and will (perhaps openly this time) run everything. Even our illusion of democracy will be shattered.

Where is our Jefferson and Adams? In their absence we will get another Hamilton.

There is no easy answer. There does not even seem to be a hard answer.

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