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Economic recovery package before Congress"would provide massive fiscal stimulus."
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<blockquote data-quote="wkmac" data-source="post: 484117" data-attributes="member: 2189"><p>A very good article IMO on the economics of the crisis. Just some of the article:</p><p></p><p></p><p></p><p><a href="https://web.archive.org/web/20090221140445/http://americasfuture.org/doublethink/2009/02/18/bailout-blues" target="_blank">https://web.archive.org/web/20090221140445/http://americasfuture.org/doublethink/2009/02/18/bailout-blues</a></p><p></p><p>What I found interesting about the article is that the many things the various pundits point at as being the cause, Community Re-Investment Act, Freddie Mae/Fanny Mac, even catcalls of lack of regulatory oversight are in fact just symptoms, window dressing if you will to the real cause. The key focus here is something that encircles both political parties and both major political ideals that govern us but atthe same time remains aloof of any real blame at all and has remained above the spotlight in this thrashing to place blame. That root cause as the author points out IMO is the Federal Reserve Bank and federal reserve policy of monetary creation. While we blame each other or our respective political religions, they get away scott free to at some point in the future do this all over again.</p><p></p><p>A famous saying goes like this,</p><p></p><p></p><p>If we look at the economic history of the United States when under a monopoly central bank that is privately owned, we Americans prove this ancient saying over and over again to be oh so true!</p><p></p><p>Funny how many people in politics will fight the so-called evils of privatization when it comes to such things as retirement, education or even medicine but the most important ingredient to all of this issues, that being economics and the ability to pay for them, are all placed into the hands of a private entity and we never dare question them or even so much as demand our Congress to just audit them so we truly know where we stand. Auditing the Federal Reserve Bank IMO is a complete bi-partisan "NO-BRAINER" and yet virtually no one accept a radical few dare utter the idea.</p><p></p><p>Audit the Fed people, Audit the Fed!</p></blockquote><p></p>
[QUOTE="wkmac, post: 484117, member: 2189"] A very good article IMO on the economics of the crisis. Just some of the article: [url]https://web.archive.org/web/20090221140445/http://americasfuture.org/doublethink/2009/02/18/bailout-blues[/url] What I found interesting about the article is that the many things the various pundits point at as being the cause, Community Re-Investment Act, Freddie Mae/Fanny Mac, even catcalls of lack of regulatory oversight are in fact just symptoms, window dressing if you will to the real cause. The key focus here is something that encircles both political parties and both major political ideals that govern us but atthe same time remains aloof of any real blame at all and has remained above the spotlight in this thrashing to place blame. That root cause as the author points out IMO is the Federal Reserve Bank and federal reserve policy of monetary creation. While we blame each other or our respective political religions, they get away scott free to at some point in the future do this all over again. A famous saying goes like this, If we look at the economic history of the United States when under a monopoly central bank that is privately owned, we Americans prove this ancient saying over and over again to be oh so true! Funny how many people in politics will fight the so-called evils of privatization when it comes to such things as retirement, education or even medicine but the most important ingredient to all of this issues, that being economics and the ability to pay for them, are all placed into the hands of a private entity and we never dare question them or even so much as demand our Congress to just audit them so we truly know where we stand. Auditing the Federal Reserve Bank IMO is a complete bi-partisan "NO-BRAINER" and yet virtually no one accept a radical few dare utter the idea. Audit the Fed people, Audit the Fed! [/QUOTE]
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Economic recovery package before Congress"would provide massive fiscal stimulus."
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