Toddsterpatriot
Diamond Member
Quote:
And that huge sucking sound was the Markets crashing due to their Fiat Money Ponzi scheme, backed up by the Federal Reserve currency policies.
Now you lose all credibility.
Constraining a market with a fixed currency pool is a recipe to retard growth. Fiat currency that expands and contracts as the market does is vital to a stable economy.
The question of who controls that currency is the real one to ask.
The very ones who were too big to Fail................The same ones who got a large portion of the back door loans from the Federal Reserve......aka 16.1 TRILLION as everyone said it was all about TARP.
The Gov't decided to allow these assholes to go SELF REGULATED. And so the Derivative markets exploded in many areas. I'd agree that the largest area was Mortgages, and that it set the crash, they were absolutely speculating in other areas.................
It was THIS that actually brought the whole dang thing down.
Many posts ago, I showed the Mountain Ranges, as the Markets go up up up, and then BLAM.........They crash. It's just what they do.
When it crashes next time, it will be someone else's fault again. Surely we can't say ENRON hosed over a dang lot of people either. Oh it was just a few that did this and nothing else. Oh well.........
History, of what these Mega Banker Monsters do when let off the leash, that they speculate and cause a HERD to stampede............Run with them a while, and jump out of the Herd and watch them go over the cliff........Problem is, sometimes they can't get out of the herd and get stuck and THEN CRY WE NEED A BAILOUT and TRILLIONS of our Currency goes out to them...
That is utter BS. And left unregulated they will do it again. Whether it be 1819, the Great Depression, the Crash of 2008, or the next one which is coming.
They know what they are doing. They knew what they were doing, and the Gov't just throws more money at it, and waits to do it again.
I'm for a leash on them...............And when they do this again, I want them prosecuted and their ASSETS SEIZED.............Never again should we bail them out and allow those massive loans which helps to destroy our currency............
And left unregulated they will do it again.
Unregulated? That's funny.
I'm for a leash on them...............And when they do this again, I want them prosecuted and their ASSETS SEIZED
In addition to the hundreds of billions they lost when borrowers defaulted?