Financial crisis explained

Let Ron Paul explain it to you.

#" class="bbc_link" target="_blank" rel="noopener noreferrer">Who Owns The Federal Reserve System 1988- It's time to take a second look at Ron Paul America!!

Why didn't you vote for him America?

I happen to work for the treasury, and I can tell you the Fed is not actually part of the treasury, though they have govt. appointed chairmen.  It's considered quasi gov.  They charge us (the Treasury) money for their services, I have to deal with them all the time.
I can also tell you that the Fed does not directly print money, that is always done at the U.S. Bureau of Engraving and Printing.  The Fed does however have control over how much money is injected into the economy.

I happen to work for the treasury, and I can tell you the Fed is not actually part of the treasury, though they have govt. appointed chairmen.  It's considered quasi gov.  They charge us (the Treasury) money for their services, I have to deal with them all the time.
I can also tell you that the Fed does not directly print money, that is always done at the U.S. Bureau of Engraving and Printing.  The Fed does however have control over how much money is injected into the economy.

You're in on it!  Shill!  Shill!  Shill!  How much are the Rothschilds paying you to spread disinfo, Judas?

Quote from: Marcus Aurelius on February 05, 2013, 03:49:43 PM

I happen to work for the treasury, and I can tell you the Fed is not actually part of the treasury, though they have govt. appointed chairmen.  It's considered quasi gov.  They charge us (the Treasury) money for their services, I have to deal with them all the time.
I can also tell you that the Fed does not directly print money, that is always done at the U.S. Bureau of Engraving and Printing.  The Fed does however have control over how much money is injected into the economy.

You're in on it!  Shill!  Shill!  Shill!  How much are the Rothschilds paying you to spread disinfo, Judas?

Maybe you will believe Rothchild himself, here is well know quote from him.



http://www.jesus-is-savior.com/Evils%20in%20Government/Federal%20Reserve%20Scam/quotes_on_the_federal_reserve.htm

http://rationalwiki.org/wiki/Jesus_Is_Savior

I can post links too.   If you want to have an actual discussion, let me know.  Otherwise, we can just throw links at each other.

That's right , don't learn anything.

I just finished reading Hoppy's link - it ties in with lots of other stuff I read. It led me on to the link written by Ron Paul.
http://www.lewrockwell.com/paul/paul110.html

Do you know I have never in my life heard a single politician in the UK criticise the Bank of England or any central bank. Not one has ever stood up an explained the inherent problem with a debt based currency.

http://seekingalpha.com/article/826151-returning-the-dollar-to-the-gold-standard-is-a-really-bad-idea

Gold standards prevent nations from being able to prevent and solve economic crises.

In 2008, the U.S. economy experienced a crash similar to the Crash of 1929. But rather than standing by and letting the economy and financial system fend for itself, the Federal Reserve flooded the financial system with liquidity and bailed it out with over $16 trillion in loans to all sorts of entities, both foreign and domestic. While some may correctly argue the economy has been subpar since the financial collapse, had the Federal Reserve not stepped up to the plate the economy would have been much worse. The Federal Reserve was able to take those actions because it was not constrained by maintaining a rigid monetary system based on one of the elements in the Periodic Table, namely gold.

Enjoy your de facto gold standard, Europe.  We'll keep absorbing foreign direct investment and growing our economy.

Today, the countries that have adopted the euro are on a de facto gold standard. Each country cannot expand its money supply on its own, and it cannot depreciate its currency on world markets. This has led to sky high interest rates for Ireland, Greece, Portugal, Spain and Italy, accompanied by deep recessions in each country. Ironically, and antithetical to those calling for a gold standard, the countries with fiat currencies that have dramatically expanded their money supply via quantitative easing like the U.S., Britain, and Japan, have some of the lowest interest rates in the world and have no problem attracting investors because they have no fear of default.

There just isn't enough gold to supply economic growth. 

Other problems with the gold standard include the simple fact that there is not enough gold in the world to handle a money supply for over six billion people. The world has reached peak gold, as evidenced by the inability of the major gold miners like Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), and Agnico-Eagle Mines (AEM) to grow supply. Investors looking to mirror the price action in gold without holding physical gold can look at the SPDR Gold Trust (GLD). An inability to increase the money supply limits economic growth.

Thork, do you actually own any gold?  Other than a pimp chain, of course.

Pimp chains are worth their weight in gold, they aren't bad investments.

I know this is only partly related to this discussion, but please Thork, try to be nice to Mark Carney over there. Canada wants him back the way we gave him to you.

You can print as much monopoly money as you want.

Incorrect.