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Thats right,Very good point. To much info latley trying to sort it all out.
Originally posted by redhatty
reply to post by Grayelf2009
What difference does it make whether there is any gold in Fort Knox? The US Dollar went off the Gold Standard completely in 1971.
Somehow I got the same exact impression. Now, I don't claim to know much about the Justice system especially when it comes to "federal type" entities, one of which the FED portrays itself to be like, but can't they appeal this ruling all the way to the highest instance like the supreme court?
Originally posted by spitefulgod
Surely if it happens it's because it needs to happen to carry on the plan, I don't see any justice being done here or anything that helps out the little man. If the disclosure comes its because it needs to.
The basic point is that the recession of 2001 wasn't a typical postwar slump, brought on when an inflation-fighting Fed raises interest rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.
Originally posted by Ahabstar
Of course you need to keep him around...the Fed needs a patsy. And who better than a Bush patsy for Obama to kick around when the blame game falls on Bernake's lap?
Disclaimer: I am not a professional Spin Doctor (nor have I played one on TV) but even I can see this set up from a mile away.