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

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

    Quote Originally Posted by shrubnose View Post
    Who is that 'grown up' going to be?

    Someone like Mitt Romney, eh?

    Give me a frickin' break.

    The far right losers in the GOP are dragging the GOP to the edge of the Taliban-like evangelical's Flat Earth.

    The GOP will be mighty lucky if it isn't reduced to a minor, regional, party in the not-distant future by the massive demographic change that cost it the last election.

    Don't think so?

    Wait and see.

    No one can stop time and/or change.

    Deal with it.

    Have a nice day.
    It won't be a idiot Liberal voted in by low information voters and ideologues after BO get's through with this economy.

    Who after a Democrat mandated Sub-prime Bubble Collapse focuses on a Stimulus that paid back the public sector unions and gave billions to corrupt green energy companies that don't exist anymore, and a Health Care Law that since it's inception is the cause for our continued downward spiral.

    Unless you agree with Bernake's position in pumping billions of printed currency into the investment markets so the rich can get richer.

    Really, he's been a miserable failure, and he has millions of useful idiots to thank for his second term.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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

    Quote Originally Posted by RabidAlpaca View Post
    I never said he was doing anything illegal.



    Here's what you said at 10:07 PM, 03-21-13: "Bernanke is a crook."

    Merriam-Webster Dictionary definition of 'crook' : 4 a person who engages in fraudulent or criminal practices

    I rest my case.



    "The only thing worse than a liar is a liar that's also a hypocrite." ~ Tennessee Williams

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

    Quote Originally Posted by Fenton View Post
    It won't be a idiot Liberal voted in by low information voters and ideologues after BO get's through with this economy.



    Tell me all about it after the Democratic Party's candidate hands the GOP's candidate his backside in 2016.

    The GOP really needs to wake up and join the reality-based world.




    "Better days are coming." ~ But not for today's out of touch, running out of time, GOP.

  4. #34
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    Re: Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke

    As if a specified return on savings is a legal entitlement.. Also, despite the article's claims, Bernanke has routinely rejected the notion of a higher inflation target.

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

    Quote Originally Posted by a351 View Post
    As if a specified return on savings is a legal entitlement.. Also, despite the article's claims, Bernanke has routinely rejected the notion of a higher inflation target.


    I guess that some people have never heard of the free market, and will never grasp how it works (or doesn't work, depending on how it affects you).

    Any bank that wants to pay a 10% interest rate when the going rate is close to zero (not likely to happen, but not impossible) is welcome to do that, the fed will not stand in their way.

    I'm sure that bank will pick up a lot of deposits.

    BTW: Anyone who has a lot of cash in a bank today is stupid.

    There are a lot of options out there, no one has to keep all of their money in a bank.
    Last edited by shrubnose; 03-23-13 at 01:09 PM.

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

    High Inflation ---> High Fed Funds Rate

    Low Inflation ---> Low Fed Funds Rate, QE to prevent deflation

    If the Fed were "printing money like Monopoly," then surely we would be seeing high levels of inflation. See 1930's Germany.

    Inflation, in simplest terms, is "too many dollars chasing too few goods."

    Evidently, that is not quite the case.

    For those of you who think contracting the money supply is the solution, see 1930's America and 1990's Japan.

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

    The charge that many companies have millions and billions stashed and are not using them to grow their companies...would do so if interest rates were higher and inflation were eating their savings. Just sayin.

    We are having inflation but it seems to be controlled inflation, I think its primarily due to so much leverage within the economy that we almost can't have too much money in supply. The problem is wages are mostly stagnant right now so even slow inflation is killing the middle class and those on fixed income to the point where they keep needing more help from government and more go to the point where they need help as well.

    Im not saying higher interest rates will help anything but we seem to be stuck with slow growth right now and I dont think its healthy and the low interest and fed rates may be a symptom of that.

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

    Quote Originally Posted by StringBean View Post
    High Inflation ---> High Fed Funds Rate

    Low Inflation ---> Low Fed Funds Rate, QE to prevent deflation

    If the Fed were "printing money like Monopoly," then surely we would be seeing high levels of inflation. See 1930's Germany.

    Inflation, in simplest terms, is "too many dollars chasing too few goods."

    Evidently, that is not quite the case.

    For those of you who think contracting the money supply is the solution, see 1930's America and 1990's Japan.
    It is important to understand that those "printed from thin air" dollars aren't getting to the public. They are loaned to banks interest free so that the banks can loan it back to the government with interest. This is where that 40% of spending is coming from. When they finally get to the public you will see your inflation. It is a matter of time.

    Why doesn't common sense explain to people that this is not a sustainable situation? Don't you understand the lengths to which politicians will go to cement their political power with government spending? Doesn't anybody think it through? All I see is regurgitated government numbers which are designed to make you feel good about things. Think it through. It isn't rocket science.

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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.
    And i loved the 12.5% on my Russell 3000 index fund (1 year).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by American View Post
    The FED interest rates have never been regulated, except by the FED itself. Why don't you stop drinking the kool-aid for a minute, for crying out loud.
    This is a meaningless comment. The Fed is the regulator.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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