Economic Collapse

[wingsofhope]

We are all in for a wild ride very soon. Cash in and get the hell out of Dodge Brothers.......................Or, do you think they know something??????

http://theeconomiccollapseblog.com/archives/ponzi-scheme-the-federal-reserve-bought-approximately-80-percent-of-u-s-treasury-securities-issued-in-2009

Edited January 24, 2011 by wingsofhope

[Hrkal]

That was dated Jan, 8th 2010. So your point is that the sh85 it going to hit the fan very soon? I would hope that some learned that the dollar is going to decrease and interest rates are going to inflate very soon and they are saving and paying down debt. There is only one way to go after these past 3-4 years and that is up with interest rates and down with the dollar. Obama just accelerated the process with the progressive movements to create an economic disaster like no one has ever seen so they can take over the country in their cradle to grave policy. Even though we are not there yet, if we don't get our government under control, we will all be living under a monarchy. The Federal Gov. treats all of us like peasants now. There are only a select few that will be living like kings under the current monetary policy. Give us full capitalism back and there will be jobs and there will be wealth. Let the private sector create jobs. Government jobs just equal more spending and higher debt which in turn will equal much higher taxes. Get ready for the late 70's early 80's tax brackets folks. Who doesn't want to give the government 60%-80% of their hard earned money? The progressives believe that we all should pay that "mob" for everything. The federal GOV is currently organized crime and its going to get worse. Thing is, organized crime is illegal for you and me. Get ready to take this country back. Pay attention and make sure you encourage everyone to vote at all the elections to get these clueless people out of office.

[sneakey]

Wouldn't an RV delay this a bit?

[tjmunson]

We are all in for a wild ride very soon. Cash in and get the hell out of Dodge Brothers.......................Or, do you think they know something??????

http://theeconomiccollapseblog.com/archives/ponzi-scheme-the-federal-reserve-bought-approximately-80-percent-of-u-s-treasury-securities-issued-in-2009

WOW!!! The writing is not only on the wall but it's bold and in caps. This article scares the heck out of me but from a dinar investment point of view.....I love it.

[Butifldrm]

Yes we are in deep trouble. I do believe the Fed is trying to cover up the truth.

January 24, 2011

Increasingly Confident Fed Is Set for First Meeting of 2011

WASHINGTON — The Federal Reserve will use its first policy meeting of 2011 this week to revisit its economic projections amid a climate of modest but increasing confidence about the recovery.

The statement it will issue on Wednesday, according to people familiar with the private deliberations of Fed officials, is likely to reflect a guarded optimism about the economy, while also maintaining the Fed strategy announced last November to accelerate the recovery by pumping $600 billion into the banking system.

Recent comments by Fed officials who had been particularly skeptical of the $600 billion bond-buying plan suggest that the criticism has moderated somewhat. Noisy and harsh dissents now seem less likely.

Simply put, the Fed as an institution seems to be hoping for a more placid year. In a raucous 2010, its chairman, Ben S. Bernanke, was narrowly confirmed for a second four-year term, it fended off efforts to strip away its regulatory powers and it faced attacks for its extraordinary interventions to bolster the recovery by easing the supply of credit.

The Fed is also looking to improve its communications. On Feb. 3, a week after the first of eight scheduled meetings this year of the Federal Open Market Committee, the central bank’s policy arm, Mr. Bernanke will speak at the National Press Club and field questions from journalists.

The appearance, his first there in two years, is part of a strategy to improve transparency.

This month, Mr. Bernanke used his first testimony to the new Congress to explain the Fed’s $600 billion bond-buying strategy, which is scheduled to continue through June and is intended to lower long-term interest rates.

Appearing before the Senate Budget Committee, Mr. Bernanke predicted that the recovery would be “moderately stronger” this year than last. He cited “increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold.”

The economy is expected to grow by up to 4 percent this year, above the 2.5 percent needed just to maintain the unemployment rate at its current level of 9.4 percent. But Mr. Bernanke warned that at the end of 2012 the unemployment rate was still expected to be close to 8 percent, far above the level before the recession.

Despite significant caveats, Fed officials are markedly more upbeat than they were six months ago.

Eric S. Rosengren, president of the Federal Reserve Bank of Boston and one of the officials most associated with the view that the weak recovery demanded more stimulus from monetary policy, said in a Jan. 14 speech that recent indicators suggested “a somewhat happier new year.” But he also warned that the housing sector, which is still struggling, was unlikely to spur this recovery as it has past ones.

In a speech the same day, Jeffrey M. Lacker, president of the Richmond Fed, said that “consumer spending is starting to show some real signs of life,” pointing to growth in business investment and exports.

“While the outlook may not have improved enough yet to warrant adjusting our purchase plans in the near term,” he said, “I anticipate earnest re-evaluation as economic developments unfold in the months ahead.”

Four votes on the Fed committee rotate every year, and of the new voting members, Charles I. Plosser, president of the Philadelphia Fed, and Richard W. Fisher, president of the Dallas Fed, are considered the most likely to dissent, if anyone does.

Mr. Plosser said in a speech last Monday that “monetary policy is not going to be able to speed up the adjustments in labor markets or prevent asset bubbles, and attempts to do so may create more instability, not less.”

But he did not explicitly attack the most recent bond-buying plan, nor did Mr. Fisher in a speech on Jan. 12.

“None of my business contacts, large or small, publicly held or private, are complaining about the cost of borrowing, the lack of liquidity or the availability of capital,” Mr. Fisher said then. Instead, he said, they were worried about taxes, regulations and unaddressed fiscal challenges in Washington.

One major question now, according to Laurence H. Meyer, an economic forecaster and former Fed governor, is how much the Fed committee will upgrade its economic projections, which are updated quarterly. (The projections updated this week will be released in mid-February.)

“The committee is very reluctant to be overly optimistic,” Mr. Meyer said. “If it’s wrong, it wants it to be because its forecasts were overly cautious, not overly rosy. If they become too optimistic too soon, it will lead to questions about their decision to restart the asset purchases. And remember, this is still going to be a lousy economy for a very long time.”

h ttp://www.nytimes.com/2011/01/24/business/economy/24fed.html?wpisrc=nl_wonk

[VanessaL4100]

Yes we are in deep trouble.

I'm sorry for my confusion, but why do you believe we are in deep trouble when the person above this pushes the RV to come sooner? just a question.

[Funky Cold Medinar]

Very scary but NOT surprising. They have created such a complicated system it takes a PHD to figure anything out.....here's the simple answer.....THEY ARE ALL crOOks! They have USED the gOOd American people in every possible way to pad thier own pockets. They will pay, boy oh boy will they pay! They have created a system that for every "worthless" 10 billion they print for us to borrow they can actually create over 90 billion in debt with it. Way over the top crazy! Makes me ill, and if we as parents don't do something sOOn we will pass this mess on to our children, do we want that? Take care all, countless blessings and endless peace, protect the trOOps....and GO RV!

[westy33567]

The end is coming the end is coming....go jump off the nearest bridge

Sure hope you didnt influence anybody to do what you just said!

[jphillips]

Very scary but NOT surprising. They have created such a complicated system it takes a PHD to figure anything out.....here's the simple answer.....THEY ARE ALL crOOks! They have USED the gOOd American people in every possible way to pad thier own pockets. They will pay, boy oh boy will they pay! They have created a system that for every "worthless" 10 billion they print for us to borrow they can actually create over 90 billion in debt with it. Way over the top crazy! Makes me ill, and if we as parents don't do something sOOn we will pass this mess on to our children, do we want that? Take care all, countless blessings and endless peace, protect the trOOps....and GO RV!

What are you talking about? We are already working on our great grandchildren.

Step 1. Find nearest bridge of lethal height

Step 2. Jump off bridge to fatal demise

Step 3. Go to Step 1.

[Butifldrm]

I'm sorry for my confusion, but why do you believe we are in deep trouble when the person above this pushes the RV to come sooner? just a question.

Vanessa4100, we are all hoping Iraq RV's before a possible World economic collapse. We are all hoping, that if the Fed does have Trillions of Dinar in their Federal Reserves that in some way, post RV, will boost the value of the dollar. But, the truth is, it's all speculation. I have seen no fiscal responsibility in this country since Ronald Reagan. wingsofhope, just wants to cash in and get the heck out of dodge, but the truth is, we are in this global economic problem, none of us will be able to hide from an economic collapse of the United States. See, we are the major consumers and the rest of the world knows it. The Fed is basically selling off our assetts in Bonds to finance our demise with a rosey outlook. We are in big trouble. JMO

[jphillips]

Vanessa4100, we are all hoping Iraq RV's before a possible World economic collapse. We are all hoping, that if the Fed does have Trillions of Dinar in their Federal Reserves that in some way, post RV, will boost the value of the dollar. But, the truth is, it's all speculation. I have seen no fiscal responsibility in this country since Ronald Reagan. wingsofhope, just wants to cash in and get the heck out of dodge, but the truth is, we are in this global economic problem, none of us will be able to hide from an economic collapse of the United States. See, we are the major consumers and the rest of the world knows it. The Fed is basically selling off our assetts in Bonds to finance our demise with a rosey outlook. We are in big trouble. JMO

Correction: Sold off our assets (past tense). Now we are in the fake asset business by pumping up commodities and printing til the ink is gone. Great synopsis. Question is, can we stop the lunacy before it is too late? \r\n hotmail sign in

[legacyman73]

WOW that means the IQD will be the same as USD, if it falls today. lol Glad I have a crap load of IQD..