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Originally posted by badmedia
If we have a 9 trillion dollar debt, then it means we OWE someone that money. To whom do we owe that money too?
Originally posted by Lebowski achiever
reply to post by logician magician
I know it is off topic but as you started it: Could you please back up your claim that Fluoride is a healthy addition to our water supply?
Why do we need it at all when toothpaste contains it.
And if it is so healthy, why have most European countries banned it? No CIA there..
What could possibly the motive be to have people with bad health?
[edit on 17/9/08 by Lebowski achiever]
Can I invest in Treasury securities or buy savings bonds at my local Federal Reserve Bank? No.
Originally posted by logician magician
The President of the United States appoints the Chairman of the Federal Reserve, and the Board of Governors, who elect 3 of, and approve/regulate the actions of the other 6 elected Board of Directors at each Federal Reserve bank.
Originally posted by logician magician
This does NOT MEAN that those people OWN the government. It doesn't mean that YOUR BANK owns the government. Just because 25% of the deficit is foreign credit, does not mean that foreign countries OWN the government.
Of course, nobody on ATS would do that because it's filled with lazy, second rate conspiracy types who believe everything they read as long as it PLACES BLAME AND POINTS THE FINGER.
If you would like someone like Bush in charge of monetary policy, I'm sure you'd also like the greatest depression ever, and WWIII at the same time.
Mr. Greenspan, you have been the individual most responsible for the current crisis; a crisis which commenced only a few years after you tried to minimize the dotcom collapse, which of course you also created. By flooding the banks with ridiculously low interest rates you thought this Ponzi scheme economy could run on worthless money forever. But when you saw the end was coming, you quietly made your exit.
our tenure as Fed Chairman will go down in history as the most destructive to any developed nation in history, costing Americans over $20 trillion for both bubble implosions combined. Yet, you remain in denial about your role in these catastrophes. Instead, you point fingers. To make matters worse, you have taken a position with Paulson & Co., the hedge fund that made $13 billion shorting sub-prime debt…debt that you were responsible for creating. That is a slap in the face to all Americans. Have you no conscious?
Perhaps the most disgraceful and cowardiss act of your tenure was your timely exit just before the apocalypse began, leaving Bernanke to clean up your mess. Now you continue to act as if everyone would be anxious to hear your Monday morning quarterbacking. You actually have the audacity to propose government regulations for bailouts? Without your irresponsible monetary policy and disregard for regulation of banks, none of this would have happened.
Originally posted by Lebowski achiever
reply to post by logician magician
Even more offensive rhetoric from you when I, quite rightly so, ask for proof to back up your claims. I am not claiming anything. I am asking questions so I am afraid that if any lies are being spouted it is probably by the person who spouts "facts". Oh.. and that means you.
Bye for now!