Tekno's Jekyll Island

[Quips]

imported post

So Bernanke and Rubin's philosophies are different:

Bernanke seems to think nothing is broken concerning the fiscal and economic policies, so nothing needs to be fixed. Very popular.

Rubin seems to think it is time to cut government spending while increasing taxes. Not popular.

 

[Show-me]

imported post

Technobuck,

If you jump which do you aim for? 1. The convertible. 2. The sedan. 3. The flowers. 4. The asphalt. lol

I feel much better today!

 

[Show-me]

imported post

Quips wrote:

So Bernanke and Rubin's philosophies are different:

Bernanke seems to think nothing is broken concerning the fiscal and economic policies, so nothing needs to be fixed. Very popular.

Rubin seems to think it is time to cut government spending while increasing taxes. Not popular.

How about the middle ground. STOP SPENDING!!! Breathe, breathe ..............1, 2, 3, 4, 5, 6, 7, 8, 9, 10 ......... ahh much better.

 

[grandma]

imported post

Show-me wrote:

If you jump which do you aim for? 1. The convertible. 2. The sedan. 3. The flowers. 4. The asphalt. lol

How about the middle ground. STOP SPENDING!!! Breathe, breathe ..............1, 2, 3, 4, 5, 6, 7, 8, 9, 10 ......... ahh much better.

1)...so if you land on what you chose, do you get to keep it? I'd go for the convertable - I am not sure those are flowers at the lower middle- looks more like others who missed their mark.

2)....breathing in-out has been determined to be much more effective than the `counting to ten.'So that part is great, I can do that;

HOWEVER As for the behest - STOP SPENDING!!! -I just have two, maybe three, more things..............

 

[Dave M]

imported post

My reaction -- I tend to concentrate my efforts on things I can do something about. I can't change the FED or ourmonetary policy so who cares? What I can do is keep myself and my family afloat and prospering. I worked hard for my education and I work hard at my profession: meteorology. I am fortunate to have a career in thefield for which I was educated, and I am doubly fortunate in that I am well-compensated. (It wasn't always that way; I was hired in 1986 as a GS5 with a salary of $15k, that with a graduate degree and ten years experience outside the government. It has taken time to get to where I am today.)

Our economy is enormous. It comprises so many things and so many activities world-wide that no one is in control, no one can be. It represents the sum total of everything we do.

I admit I have lost all respect for a dollar. Takingthe zero-point as the day I entered the freshman class at Clarkson College in the fall of 1968, a dollar today is worth about 22 cents.See http://research.stlouisfed.org/fred2/data/GDPDEF.txt

There are good chances that I can retire as a net-worth millionaire. If this goes on, tweny years down the line people entering the work force today will be earning $400,000 a year as a minorcivil servant. What does that say about the value of a dollar?

No Tekno, you were not slamming me, I understand. We just feel differently.

Dave

 

[Spaf]

imported post

teknobucks wrote:

Pic of jumper above :}

Tekno! Don't jump!
The "NOAA" and "FOMC" are not valid ticker Symbols!
:?

 

[mlk_man]

imported post

I was so transfixed by this photo, I fell into my monitor...............:shock:

M_M

 

[Dave M]

imported post

I showed the photo to my wife and she said, "Boy! What ugly shoes!" D

 

[mlk_man]

imported post

Dave M wrote:

I showed the photo to my wife and she said, "Boy! What ugly shoes!" D

LOL, I guess if you're gonna jump, you could at least wear nice shoes...............:^

 

[grandma]

imported post

mlk_man wrote:

Dave M wrote:

I showed the photo to my wife and she said, "Boy! What ugly shoes!" D

LOL, I guess if you're gonna jump, you could at least wear nice shoes...............:^

...and - remember what your momma taught you about clean underwear, too! ...on second thought, no guaranteeing condition of said same later -

 

[Quips]

imported post

So, let me know if I have it right: many of the big wigs in Washington would like to see China allow its currency -- the yuan -- to "float" or appreciate/depreciate with the market.

Is that a way of allowing Western nations -- especially America banks or the IMF, World Bank, etc. -- to access the personal savings accounts of the Chinese peopleso it can put their personal savings as well to work in the form of more money to loan -- more or less -- worldwide?

Or is it something different seeing that the Chinese government itself is buying US Treasuries and so are financing both our personal debt spending and the governments deficit spending?

I have an inkling we'd or our supposed interests -- the IMF, the World Bank -- would like to have it both ways.

Is that in the Creature's interest? lots of luck (rots of ruck)

 

[Oceansideguy]

imported post

That was a very powerful article. Perhaps, one of the best I have read in a long time. I was very disturbed by it. I have a MBA and a law degree and foolishly thought I understood the banking system. I did not. Even after reading that, I remain very confused. However, it has raised many consitutional issues that I hope will be addressed soon.

Regards

 

[rokid]

imported post

FYI.

"A History ofCentral Banking in the United States"from Winkipedia. It doesn't sound like a conspiracy. It appears that the Fedwas/is a solution to economic problems experienced by the United States in the 19th and early 20th centuries.

http://en.wikipedia.org/wiki/History_of_Central_Banking_in_the_United_States

In addition, this discussion of Paul Warburg's contribution makes him appear to be a hero, not a villain

http://minneapolisfed.org/pubs/region/89-05/reg895d.cfm

 

[teknobucks]

imported post

rokid wrote:

FYI.

"A History ofCentral Banking in the United States"from Winkipedia. It doesn't sound like a conspiracy. It appears that the Fedwas/is a solution to economic problems experienced by the United States in the 19th and early 20th centuries.

http://en.wikipedia.org/wiki/History_of_Central_Banking_in_the_United_States

In addition, this discussion of Paul Warburg's contribution makes him appear to be a hero, not a villain

http://minneapolisfed.org/pubs/region/89-05/reg895d.cfm

FWIW rokid...............that was the objective on Jekyll Island......read the book!

if u have any interest in it at all:?

THE WIZARD OF BUBBLELAND

PART II: The repo time bomb

The repo market is the biggest financial market today. Domestic and international repo markets have grown dramatically over the past few years because of increasing need by market participants to take and hedge short positions in the capital and derivatives markets; a growing concern over counterparty credit risk; and the favorable capital-adequacy treatment given to repos by the market. Most important of all is a growing awareness among market participants of the flexibility of repos and the wide range of markets and circumstances in which they can benefit from using repos. The use of repos in financing and leveraging market positions and short-selling, as well as in enhancing returns and mitigating risk, is indispensable for full participation in today's financial markets.

A repurchase agreement (repo) is a loan, often for as short as overnight, typically backed by top-rated US Treasury, agency, or mortgage-backed securities. Repos are contracts for the sale and future repurchase of a top-rated financial asset. On termination date, the seller must repurchase the asset at the same price at which he sold it, pay interest for the use of the funds and, if the asset was borrowed, return the borrowed assets to the lending owner, who also receives a fee for lending. If the repoed security pays a dividend, coupon or partial redemptions during the repo, this is returned to the original owner. Institutions with excess assets routinely avoid holding unproductive idle assets by lending them for a fee to institutions in need of more assets. A well-defined legal framework has developed to facilitate repo transactions.

http://www.atimes.com/atimes/Global_Economy/GI29Dj01.html

 

[rokid]

imported post

Actually, I don't.

However, for anyone who is tempted to buy and/or read it, note that the Louis T. McFadden quotes cited in the Schauf article were made 73 years ago in 1932!

After McFadden's tirade, Senator Benjamin Strongof Kansas stated

"There is a disease that afflicts mankind which is very vicious. It warps the judgment, it narrows the vision, it even causes men to see red, to make mountains out of mole hills. This disease has sometimes been referred to as B.A. Ladies may refer to it as "tummy" ache, but out in the wide-open spaces men call it the "belly" ache, and I know of no man of my acquaintance that has this disease in so violent a form as the gentleman from Pennsylvania, Mr. McFadden.

I have not the time to refer to the many charges he makes against the Federal Reserve system, but I call attention to the fact that for 12 years he has been the chairman of the Banking and Currency Committee of this House and did not see fit during that time to remedy any of the evils of which he now complains. It seems to me entirely out of place to wait until he is retired as chairman of that great committee and then assault all of the institutions of which it has control."

http://www.publiceye.org/conspire/flaherty/flaherty10.html

I think that last paragraph pretty much sums it up.

P.S. Here's the linkthat addresses Griffith's book and debunks the Fedconspiracy theory.

http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html







​

 

[bkrownd]

imported post

The FED is conspiring to take over the world? I thought the[Bleep 1]owned the world? Or was it the [Bleep 2]? What about Hitler's immortal clone, dictating from his super-secret bunker in Patagonia? Don't forget the dreaded Liberal Media Bias World Conspiracy! :h

*Be polite and respectful.

 

[Quips]

imported post

I will read that Asian Times article this weekend.

Thanks

 

[teknobucks]

imported post

rokid wrote:

P.S. Here's the linkthat addresses Griffith's book and debunks the Fedconspiracy theory.

http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html

rokid that bunch is a left wing stink tank..........

http://www.publiceye.org/aboutpra/pra_people.html

hardly the types to give out any credible financial advise. they have no idea about money and banking..waaaaaaay too busy going after the important stuff like:

Undermining Democracy, Diversity, or Human Rights

• Undermining Pluralist Modern Education and Curricula
• Undermining Immigrant or Language Rights
• Undermining Full Reproductive Rights
• Top Ten Theocratic Groups

[*]Defending Democracy, Diversity, and Human Rights

• Defending Immigrant Rights
• Defending Pluralist Modern Public Education
• Defending Reproductive Rights

[/list]
the site revolves around attacking the polictical right..guess u have to have a hobby...LOL

http://www.publiceye.org/resources.html

 

[teknobucks]

imported post

bkrownd wrote:

The FED is conspiring to take over the world?

HUH????

NO..........THEY ( the world's bankers) HAVE COMPLETE CONTROL. :i

psssst.....the boyz behind theG7/8are the real deal.

why wouldthey try to take themselves over........just too redundant. they are very busy manipulating money and banking.

tekno

 

[Quips]

imported post

The last time I checked it was Clinton who not only kept a federal budget, but who also is credited with surplus revenues.