What do you think about giving the FEd more power, given its record to date?
by Mortgage Rates on Sunday, October 10th, 2010 | 6 Comments
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That would be a topsy-turvy, Alice through the Looking Glass sort of thing to do.
We need to reduce their power, not increase it
we did not give them any power but if they want more Obama will give it to them
why do you think we wanna be separate from England not controlled by a King or queen told how to live .where you think we had the wars for to get separated hand to live free and prosperous .way things are going and you’re only allowed to get to a point to the be held back .the only way socialism works if you’re rich and got the money winner richer and the money than the people the ability off their rich will have nothing to our rich go broke we have we will have nothing .just remember everyone on welfare is a government employee don’t have to work get money every month and be supported with everything from the government .that’s what you want or going out way .
I might take issue with that a little tiny bit, maybe.
(sarcasm folks, jeez)
More power. Isn’t that the catch phrase from Home improvement, before Tim the toolman Taylor destroys something. What is worse, is that there is a worse financial crisis coming. We are still in a stock market bubble that the Fed created that has not yet pop. This would be at the level of 1929. A long time ago, economist use to say that inflation is not bad as long as interest rates is higher. Now I hear that we have to put our money in stocks to get ahead of inflation. The FED force us to take our money out of the bank and put it in the stock market, by lowering interest rates. Because of the Fed, too much of our money is in the stock market. The baby boomers will soon need to take their money out of the stock market for retirement, and when they do it in mass, we would be in the world of hurt. The problem is that most people refuse to see beond several years.