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Thread: AIG sells $39.3 billion in assets to NY Fed's fund

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    I was just trying to give you a general explanation due to the fact that you were unaware of the term. You brought up Adam Smith....
    I don't know young man, search france, search adam smith, then get back to me about who is unaware.....

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Jackboot,

    I was studying Austrian theory (of which you seem to draw many of your opinions from) 6 years ago. Guess what??? It is not applicable to the real world. Everyone from Ron Paul to Peter Schiff were claiming that this crisis would result in inflation following the first wave of defaults.

    The exact opposite came to pass.

    I advise you to either make a point, or move along. Your personal attacks only devalue your reputation.
    Grow up son, inflation will come, do you know what the interest rate is today?

    What sort of grades are you getting?

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    I don't know young man, search france, search adam smith, then get back to me about who is unaware.....
    Then who wrote this?
    Quote Originally Posted by Jackboot View Post
    Enlighten me, where is this "political economy" exactly?
    The fact that you said where is actually quite telling :lol
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Then who wrote this?
    I asked you to explain it, and you don't even realize how adam smith is connected, I am sorry, I expected too much from you........

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    Grow up son, inflation will come, do you know what the interest rate is today?
    Can you explain to me the mechanism in which the Fed removes excess liquidity from the market?

    What sort of grades are you getting?
    Why are you so obsessed with my personal life? You understand that your constant trolling and personal attacks will attract mods? Of course, im not one to snitch
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    I asked you to explain it, and you don't even realize how adam smith is connected, I am sorry, I expected too much from you........
    You said where, which was a clue that you have a very primitive understand of economics. I am not denying the article mentioned Adam Smith, but your desire to post it identifies as another red herring.
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    Can you explain to me the mechanism in which the Fed removes excess liquidity from the market?
    I just did, and the funds are being held back today, because they realize how much inflation will effect the economy. Again, I ask you a question, and you respond with a question, which I then answer, but expect no response from you!

    What is the interest rate today, young man?



    Why are you so obsessed with my personal life? You understand that your constant trolling and personal attacks will attract mods? Of course, im not one to snitch
    I will continue to ask, and you may continue to dodge the question, the mods will not save you, you are now in an adult discussion, this isn't private school!
    Last edited by Jackboot; 12-02-09 at 06:15 PM.

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Goldenboy219 View Post
    You said where, which was a clue that you have a very primitive understand of economics. I am not denying the article mentioned Adam Smith, but your desire to post it identifies as another red herring.
    If you do not understand the question, ask me to clear it up for you, I will....

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    Re: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    I just did, and the funds are being held back today, because they realize how much inflation will effect the economy. Again, I ask you a question, and you respond with a question, which I then answer, but expect no response from you!

    What is the interest rate today, young man?
    Interest rate???? What interest rate are you talking about. There are many interest rates so you should try to be specific.

    I will continue to ask, and you may continue to dodge the question, the mods will not save you, you are now in an adult discussion, this isn't private school!
    You are asking silly questions, and did not explain the Feds exit strategy.
    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: AIG sells $39.3 billion in assets to NY Fed's fund

    Quote Originally Posted by Jackboot View Post
    If you do not understand the question, ask me to clear it up for you, I will....
    The correct question would have been: What is political economy? If you were wondering where it was taught, one can always aim at a double major in economics and political science.
    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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