Friday, November 02, 2007

In Case You Missed It...

Yesterday, the Federal Reserve (the not-a-branch-of-government assortment of private banks that manipulate this economy for fun and profit) "injected" a fucking shitload of money into the market yesterday and it STILL dropped >250 points. Whoa. It was the biggest one day infusion of not-real currency since the day after the markets opened, following 9/11. When the dumbass-in-chief asks for $46B, it makes news for days or weeks. When the Fed decides to cook the books of the economy to the tune of $41B, no one even notices. From Reuters:

A Fed spokesman would not comment on the total size of the operations, but did say it was the largest single day of operations since a total of $50.35 billion was injected on Sept. 19, 2001, following the Sept. 11, 2001, attacks on the World Trade Center.

You like that? "...would not comment..." Wow, imagine if they were accountable or required to be transparent. No- that's just crazy talk. Anyone still buying that "land of the free" stuff? Just asking...



Blogger Mrs. Chili said...

I haven't bought the "land of the free" line for a very, very long time - certainly not since the dumbass-in-chief took over (I like that - I'm stealing it).

8:50 AM  
Blogger Hammer said...

The Fed is the most ridiculous ponzi scheme running.

A private bank gets to manipulate the nations money supply and reap dividends for themselves whenever money changes hands.


11:28 AM  
Blogger Scott from Oregon said...

I never really thought much about the "Federal Reserve" until this year. I assumed it was, indeed, "Federal". "Feral" seems more like it.

I think I used the accordian analogy once around these parts, but I'll use it again. The entire Federal government has been expanding like an accordian. It's time for it to retract.

Having George Ne'er do well Bush leading an enterprise made me realize how much power we give to that enterprise. It's like you noticing just how ugly someone is because they have a big white pimple on their nose. It wakes you up to things you let slide before.

When was the last time any of us voted for anybody on the Federal Reserve board?

When was the last time we saw their meeting minutes?

Who OWNS the Federal Reserve and profits from it?

In my spare time I've been following the Ron Paul internet phenomenon. What is most apparent, is that the media is in collusion to discredit the ideas of this man. And all he really says is that the Federal Government has grown too large, and too demanding, and too greedy. I can't find anything crazy about those sentiments and yet he is constantly labeled as such, or misquoted, or belittled, or his popularity discounted...

So I shill for him, and I think everyone should.

Left or Right in political thought you can have those arguments statewide or countywide or citywide. They don't need to be decided in Washington.

It's time we all knock those knuckleheads down a peg or two...

11:30 AM  
Blogger Nancy Dancehall said...'s up! :-D

4:45 PM  
Blogger Oswegan said...

Another lame attempt to keep the sub-prime mortgage scandal from crashing our economy.

No reason to learn the real lesson here:

Broke people shouldn't qualify for loans.

I know, what a novel idea, right?


7:53 PM  
Blogger Scott from Oregon said...

12:25 AM  
Blogger Région Frontière said...

"When was the last time any of us voted for anybody on the Federal Reserve board?"

Or the Supreme Court, for that matter.

I'm finding it hard to follow the financial state of the country lately due to its daily dose of insanity. All i do know is if they help bail out the people who got subprime mortgages that i'm going to freak. I have a fixed mortgage that keeps going up due to taxes but no one's bailing me out.

6:42 AM  

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