8 replies to this topic

[denleo]

FED's balance sheet will hit $6 Trillion in about 18 months. This means that a small group of unelected people own 40% of the United States. This group didn't even have money to buy 40% of the biggest economy. They just took it and gave us some paper. In democracy, when we don't like our representatives, we elect new ones. We have checks and ballances; we argue about which party is better. We make mistakes at times, we succeed at times. This is healthy and good. But the FED is above the law and we are powerless. If you were told that a significant part of your country belongs to a small group of people who didn't buy it; they took it, what would your reaction be? Don't apply what I said to the stock market or to politics. Think about it from a stand point of democracy. I am having hard time explaining it to my teenage kids. Most people don't know what is going on. People who do, think it is a new normal. When there is an internet bubble or real estate bubble... free market system corrects those excesses. Sometimes governments step in to provide a little cushion. That is how it works. But the FED owns us. Think about it. The resolution of this will be a disaster. Not necesseraly for the stock market. But it will be a big problem for our culture. For the first time in my life I'm getting bearish on the USA (not the stock market). Just give it some thought. I apologize for not trading related post. Denleo

[AChartist]

FED's balance sheet will hit $6 Trillion in about 18 months. This means that a small group of unelected people own 40% of the United States. This group didn't even have money to buy 40% of the biggest economy. They just took it and gave us some paper. In democracy, when we don't like our representatives, we elect new ones. We have checks and ballances; we argue about which party is better. We make mistakes at times, we succeed at times. This is healthy and good. But the FED is above the law and we are powerless. If you were told that a significant part of your country belongs to a small group of people who didn't buy it; they took it, what would your reaction be?

Don't apply what I said to the stock market or to politics. Think about it from a stand point of democracy. I am having hard time explaining it to my teenage kids.

Most people don't know what is going on. People who do, think it is a new normal. When there is an internet bubble or real estate bubble... free market system corrects those excesses. Sometimes governments step in to provide a little cushion. That is how it works. But the FED owns us. Think about it.

The resolution of this will be a disaster. Not necesseraly for the stock market. But it will be a big problem for our culture.

For the first time in my life I'm getting bearish on the USA (not the stock market).

Just give it some thought.

I apologize for not trading related post.

Denleo

[AChartist]

the masses don't know anything about it, don't care. the central federal de-education has the national IQ down 15 points, all this is coincidence theory. I have been talking about this.<BR>these are some concepts and philosophys.stay light, don't own any property, don't contract with them.none of this is 100%, sure you have to own a car but really no one owns one to the extent there is value in it. I have a 3rd 1987 car, no value that they will asses on their papers. keep all assets exempt, whole life and annuity. dont put any in 401k and avoid central banks ( ok if comfortable enough up to the company match ) what i have in bank is credit union checking earning 2%. when I have enough in whole life bank for 6 months of operation expenses, i will open a third and flow 100% on net pay through it, this is a goal that all income should go through it. Although they will use the same paper universe of income investments, the private mutuals are another entity. I am keeping coins but that is a bit dangerous and I have to use slv puts against my coins from time to time. the can't get you if you don't have confiscatable property

Edited by AChartist, 14 March 2013 - 03:32 PM.

[denleo]

I'm not afraid of the government and I don't like conspiracy theories and/or fear mongering. I have a voice for or against our politicians. I don't have a voice when it comes to the FED. In other words, this country is only 60% democracy and 40% something else. Denleo

[andr99]

FED's balance sheet will hit $6 Trillion in about 18 months. This means that a small group of unelected people own 40% of the United States. This group didn't even have money to buy 40% of the biggest economy. They just took it and gave us some paper. In democracy, when we don't like our representatives, we elect new ones. We have checks and ballances; we argue about which party is better. We make mistakes at times, we succeed at times. This is healthy and good. But the FED is above the law and we are powerless. If you were told that a significant part of your country belongs to a small group of people who didn't buy it; they took it, what would your reaction be?

Don't apply what I said to the stock market or to politics. Think about it from a stand point of democracy. I am having hard time explaining it to my teenage kids.

Most people don't know what is going on. People who do, think it is a new normal. When there is an internet bubble or real estate bubble... free market system corrects those excesses. Sometimes governments step in to provide a little cushion. That is how it works. But the FED owns us. Think about it.

The resolution of this will be a disaster. Not necesseraly for the stock market. But it will be a big problem for our culture.

For the first time in my life I'm getting bearish on the USA (not the stock market).

Just give it some thought.

I apologize for not trading related post.

Denleo

All true...............but who is behind the fed ? Is the fed acting by its own....or is there anyone belonging to politics that gives ''suggestions'' ? In any case both of them will have the economic disaster they deserve.....it's just a matter of when. Russia fell when the wall in Berlin came down.......................now it's time for the corrupted Western capitalism

Edited by andr99, 14 March 2013 - 03:58 PM.

[...]

FED's balance sheet will hit $6 Trillion in about 18 months. This means that a small group of unelected people own 40% of the United States.

No, it doesn't. It means that the Fed has bought a ton of US debt.

It most certainly doesn't mean anyone owns anything, never mind 40% of the US -- the Fed is a wholly owned and controlled US government operation, never mind the regional Fed banks which actually do have bank shareholders with severely limited rights.

It does mean that the government has been busy monetizing a massive amount of debt. Which means inflation above what it would otherwise be. Whether that would be 10% instead of 2%, or 20% instead of 2%, or -2% instead of -10%, or -2% instead of -20% in the absence, or total disaster and blow-up nobody knows.

I agree that the current Fed fantasy can't possibly succeed in providing long-term stability, the question is how bad the relatively near-term result, say 2-4 years will be. Probably not good, although we may may somehow muddle through it.

However, if you wanted to draw out the crack-pots and Fed nut-cases, you succeeded.

[Rogerdodger]

However, if you wanted to draw out the crack-pots and Fed nut-cases, you succeeded.

Yeah. They are probably the GM bond holders who thought the rule of law would apply.
What crack-pots!

[pdx5]

However, if you wanted to draw out the crack-pots and Fed nut-cases, you succeeded.

Yeah. They are probably the GM bond holders who thought the rule of law would apply.
What crack-pots!

Touche! The politicians robbed GM bond holders and most got re-elected. If you robbed a bank using a gun you will be in prison for a very long time. The politicians pulled off the robbery by using pens.

Edited by pdx5, 14 March 2013 - 11:02 PM.

[AChartist]

I happened across this a week or so ago and it fit in here timely.