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Conley
09-27-2011, 02:05 PM
Some good ones here:

10. Quantitative Easing Helps the Economy

Make no mistake, quantitative easing is a gift to bankers and nothing else. Let's take a deeper look:

Quantitative easing is when the United States' central bank, the Federal Reserve, buys U.S. Treasury bonds.

Treasury bonds are a future obligation of the United States, paid out with Federal Reserve notes (dollars).
Federal Reserve notes are a current obligation of the United States, redeemable for goods and services.

If the Federal Reserve purchases bonds directly from the United States Treasury, they are electronically creating dollars (current obligations) in exchange for future obligations. This is inflationary if the amount of obligations (money) is increasing faster that the amount of capital (goods, services, products and ideas). But the Federal Reserve doesn't buy bonds from the Treasury, it buys them from "primary dealers."

Primary dealers are a network of banks (including Goldman Sachs(GS_), JPMorgan Chase(JPM_) and Citigroup(C_)) that are obligated to buy bonds from the U.S. and serve as a trading partner with the Federal Reserve. So Goldman Sachs can buy a bond from the Treasury on Monday and sell it to the Federal Reserve on Tuesday (at a profit) -- the blog ZeroHedge has named this game "Flip That Bond."

Bottom Line: If Americans weren't already saddled in debt, quantitative easing might work. But as things stand, the Federal Reserve is giving bankers risk-free trading profits and causing food and gas prices to surge (making it even harder for Americans to get out of debt).

8. President Obama Is an Enemy of Wall Street

When he was on the campaign trail, then-candidate Obama had some tough words for those who repealed Glass-Steagall (the law that prevented banks from acting like hedge funds), calling the process of deregulating banks a "legal but corrupt bargain." But get a load of this:

The two men who served as principal negotiators for banking deregulation: Gene Sperling and Larry Summers.

The two men who President Obama appointed to become his top economic advisers: Gene Sperling and Larry Summers.

Two guys who happen to be paid millions of dollars in consulting and speaking fees by "too big to fail" banks: Gene Sperling and Larry Summers.

President Obama is the best friend Wall Street could have.

http://www.thestreet.com/story/11142443/10-myths-that-politicians-want-you-to-believe.html

Mister D
09-27-2011, 02:11 PM
Ouch. What does the hope and change crowd have to say?

Conley
09-27-2011, 02:15 PM
Ouch. What does the hope and change crowd have to say?


They just ignore it. :(

MMC
09-27-2011, 09:45 PM
Ouch. What does the hope and change crowd have to say?


They just ignore it. :(


To bad we don't have like a Hair Corp Club to come and defend his ass. Like they do at PH. Where all talk is about How Obama is the Debbil Drivel.

Conley
09-27-2011, 09:46 PM
Ouch. What does the hope and change crowd have to say?


They just ignore it. :(


To bad we don't have like a Hair Corp Club to come and defend his ass. Like they do at PH. Where all talk is about How Obama is the Debbil Drivel.


Double Dribble?

O0 ;D

MMC
09-28-2011, 06:48 AM
Ouch. What does the hope and change crowd have to say?


They just ignore it. :(


To bad we don't have like a Hair Corp Club to come and defend his ass. Like they do at PH. Where all talk is about How Obama is the Debbil Drivel.


Double Dribble?

O0 ;D


That and it is Georgie boys fault. The tea party. Then All Republicans and finally Sarah Palin. That we want the rich to be rich and the poor to be poor.

I dunno but when I was in the Military there sure was not many people walking around and always saying uhm. But go ahead and ask these Pols a question and thats all you here in their conversation. Uhm, well.....uhm and so and so. Then even when the Media asks about some sports team or other event. it's UHM,. Don't sound like leaders to me.

If we did that shit in the Military just think how that works out.

Conley
09-28-2011, 08:55 AM
Yeah you know they are just trying to think of how to say a whole lot of nothing without saying how they truly feel. They're coached to just give soundbites and end up saying nonsense.

MMC
09-29-2011, 06:05 AM
Yeah you know they are just trying to think of how to say a whole lot of nothing without saying how they truly feel. They're coached to just give soundbites and end up saying nonsense.


Oh.....is that their Criteria for a Leadership? :-\