I can accept that the business of government is business. What we saw in the
Fed this week was betrayal, total, absolute, betrayal of the American
people.. up to this point we watched corruption in high places.. but this
was total betrayal by leadership in the trust we placed in government.
R C Macaulay wrote:
Howdy Vorts,
The USA has operated under the Keynesian economic model since FDR.
This model ,as in all pyramid schemes, anticipates a sustained gravy
train with biscuit wheels economy where everything purchased yesterday
will be paid for in tomorrows dollars well..
Lets see if I have this straight in my mind.. Bear Stearns is an investment
bank.. not a bank, so they cannot borrow money from the Fed.
JP Morgan-Chase is a bank.. so JP borrowed 15 bil and change from the NY
Fed and loaned it to Bare nekid because it's too big to fail.
Translation.. when
It gets worse. The administration has not only made government bigger,
they have made government part of the free enterprise system by printing
money to keep large financial institutions from failing. This means that
the lose will be shared by everyone who holds dollars. In other words,
United States Constitution (from wiki)
Section 8
The Congress shall have power To lay and collect Taxes, Duties, Imposts and
Excises, to pay the Debts and provide for the common Defence and general
Welfare of the United States; but all Duties, Imposts and Excises shall be
uniform throughout the
Harry Veeder's constitution excerpted...
United States Constitution (from wiki)
Section 8
The Congress shall have power
When the Fed started bailing out private enterprise i.e. public
corporations, it's getting beyond scary.
Harvard and Wharton business school teach.. get positioned, grab
On 15/3/2008 10:37 PM, R C Macaulay wrote:
Harvard and Wharton business school teach.. get positioned, grab and run.
They are taught no one owns GM, whoever runs GM has a liscense to loot.
Wall street people are now taught there are NO rules any longer.
the only rule is... don't get
Richard, have you seen any estimates of what gold would be worth if it was
not used by some as an investment strategy against currency fluctuations?
That is, if it were only used as a common material in manufacturing and
jewelry, what might it be worth?
Lawrence
_
From: R C
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