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Thread: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

  1. #11
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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by Samhain View Post
    I've loved the .1% on my savings account.


    Don't spend it all in one place.

    If you spread it around it helps the economy more.



    "Reasonable people adapt themselves to the world. Unreasonable people attempt to adapt the world to themselves. All progress, therefore, depends on unreasonable people." ~ George Bernard Shaw

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by Helix View Post
    no kidding. you should have seen the interest on the money I've managed to save in the past five years or so. the account is significant. the interest? not enough to buy a fifth of anything. I have to move that money soon, because it's almost an insult.


    Check out the Vanguard Healthcare Fund. I'm no longer in the fund, most of my money is in European real estate right now, but I made a lot of money with this fund.

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by RabidAlpaca View Post
    Bernanke is a crook.



    Show us the proof.

    If you do have proof, pass it on to the FBI at FBI — Homepage.

    If you don't have proof, you're just running your mouth.



    "Reasonable people adapt themselves to the world. Unreasonable people attempt to adapt the world to themselves. All progress, therefore, depends on unreasonable people." ~ George Bernard Shaw

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by justabubba View Post
    what of bernake's actions/inactions would you have done differently?



    There are lots of critics in this world, but most don't have an idea that's actually better than what they are criticizing.




    "Before you criticize a man you should walk a mile in his shoes. That way, if he gets violently upset, you'll be a mile away - with his shoes." ~ The Talmud
    Last edited by shrubnose; 03-22-13 at 08:46 AM.

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by shrubnose View Post
    Check out the Vanguard Healthcare Fund. I'm no longer in the fund, most of my money is in European real estate right now, but I made a lot of money with this fund.
    will do. thanks for the tip. i'm considering all of my options now that i have received indications that my job might be a bit more secure than i had thought. unfettered access to my savings isn't worth the money i'm losing in interest.

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by CanadaJohn View Post
    I don't disagree with anything you've said here but it must be remembered that significantly large parts of the population in North America hold significant debt, much of it in housing related to mortgages and lines of credit etc., plus auto debt, credit card debt and others. A rise in interest rates in a struggling economy could send millions into unsustainable financial circumstances.
    Good morning, CJ.

    I agree with your post.

    On the other side of the coin, however, at the last Fed meeting a few days ago, it was interesting to note that KC Fed Governor Esther George warned that keeping interest rates near zero introduces the risk of bubbles. She was the lone dissenter on the current policy, and argued that the Fed's current course produces "financial instability," and cited agricultural land and high-yield loans as signaling market imbalances.

    It looks like there are valid points on each side of the argument, and boils down to...do we pay now or later?

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by polgara View Post
    Good morning, CJ.

    I agree with your post.

    On the other side of the coin, however, at the last Fed meeting a few days ago, it was interesting to note that KC Fed Governor Esther George warned that keeping interest rates near zero introduces the risk of bubbles. She was the lone dissenter on the current policy, and argued that the Fed's current course produces "financial instability," and cited agricultural land and high-yield loans as signaling market imbalances.

    It looks like there are valid points on each side of the argument, and boils down to...do we pay now or later?
    what was the significance of the cited 'agricultural land'
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    Quote Originally Posted by Greenbeard View Post
    Even his own advisers and confidantes think Trump's campaign committed treason.
    Quote Originally Posted by Fruityfact View Post
    He's a genius relative to his voters.

  8. #18
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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by CanadaJohn View Post
    I don't disagree with anything you've
    said here but it must be remembered that significantly large parts of the population in North America hold significant debt, much of it in housing related to mortgages and lines of credit etc., plus auto debt, credit card debt and others. A rise in interest rates in a struggling economy could send millions into unsustainable financial circumstances.
    Bernake has backed himself into a corner with QE.

    The monetizing of our short term securities is primarily to make our debt servicable.

    Just a 6% rise on Treasuries and we're adding another trillion to our yearly deficits.

    If he stops, investors are going to bail on bonds and eventually the massive amount of liquidity will have to be dealt with which means higher interest rates.

    This is what Liberals refuse to accept, that Bernakes actions and Obama's data manipulation is going to equal up to a lot of pain the next time a grown up is elected as President.

    Its a good way to stifle future economies.

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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by Fenton View Post
    Bernake has backed himself into a corner with QE.

    The monetizing of our short term securities is primarily to make our debt servicable.

    Just a 6% rise on Treasuries and we're adding another trillion to our yearly deficits.

    If he stops, investors are going to bail on bonds and eventually the massive amount of liquidity will have to be dealt with which means higher interest rates.

    This is what Liberals refuse to accept, that Bernakes actions and Obama's data manipulation is going to equal up to a lot of pain the next time a grown up is elected as President.

    Its a good way to stifle future economies.
    why is excessive liquidity expected to drive interest rates upward?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    Quote Originally Posted by Greenbeard View Post
    Even his own advisers and confidantes think Trump's campaign committed treason.
    Quote Originally Posted by Fruityfact View Post
    He's a genius relative to his voters.

  10. #20
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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    Quote Originally Posted by justabubba View Post
    what was the significance of the cited
    'agricultural land'
    Asset prices are being falsrly inflated with printed currency. Bond prices too.

    Think about the consequences of that for a second.

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