Fed cut disappoints Wall Street

[jinjin16]

it is if you dont live in the US and you want some payback with all the greedy ass MOFO. But it can get out of hand for the people who live iin the US. There is definitely parts of the US that will turn into chaos (dont know which parts) if the jobs goes, draft gets reinstated, lootings, etc. It can turn really bad.

[mongobobo]

Great. So people like me who didn't behave like a retard and buy a house they couldn't afford with an ARM are being punished for keeping their money in the bank. I'm I the only person in this country not saddled with debt and has money in the bank?

[StorminNormin1977]

(part 3)

I think at the very least we should allow for gold and silver backed money to compete with fiat. This is Ron Paul's position. I support this and I support Ron Paul!

[StorminNormin1977]

(part 2)

The gold standard allows for our money to actually grow in value. Also it is an additional power point for the people since historically citizens can call the government on abuse by handing in their gold/silver certificates for the actual metal. The down fall is that there are no bailouts, the economy only grows as more actual value is created. Also businesses and industries who have lobbied for money would not be able to be subsidized without increased taxation.

[JackNeedles]

This is hilarious...just watching this unfold. i was using the word "recession" seven months agao while the sheeple on idiotstreet were laughing at me. Now they're saying the same thing. But, it won't be just a recession, but MUCH, MUCH worse. Get ready people. The show is just getting started.

[BeechSundowner]

Bank stocks are really taking a hit.

[TurboLoveTrain]

Die Citi. Hang Robert Rubin on your way down.

[olamapsa]

Citigroup is a dead cat.

[GodzillaBoyNY]

I really hate economics so much!!!

[lrn2wlk4life]

then I hope you enjoy being poor

[GodzillaBoyNY]

If only everyone were equal, not worring about money money money

It causes war and fuck

Don't get me started with religions

That cause almost all wars

[GodzillaBoyNY]

Not only that, people would start thinking about the world around them.

Look at us Americans, we're going down hill because of this SHIT

China, the fucking Middle East, and the rest of the world are going up

Were fucked up because of those white haired assholes who run our government who do no shit for this country.

Take us out of the FUCKING war

Let the FUCKING Muslims destroy themselves

Stop reling on FUCKING oil

Making our dumb kids smarter

Change the FUCKING currency!

[jinjin16]

change the currency into what? AMRO?

[StorminNormin1977]

Allow gold & silver backed currency compete with fiat fed. :+0

[jinjin16]

I dont think that is a good idea for your country. You'll probably do more damage to your country if you back it up with gold & silver. I think your feds stole or sold your precious gold & silver from fort knox, hell Ron Paul has been trying to gain access to see if there are any precious metal but he cant even get in. Your country is in big trouble mate.

[StorminNormin1977]

The other option is just let it slide. So either expose the truth, or keep denying & allow the collapse to happen... Very frustrating, however I will continue to educate others about what going on.

[jinjin16]

Every economy needs a recession after a boom anyway. A collapse is enevitable. The only problem was the bubble is now so big so the collapse will be greater. Can you imagine, according to Jim Cramer, 7 million people took out sub-prime mortgages, multiply 7 million by an average house and you're talking beyond trillions of dollars. WOW! that is one big mess.

[StorminNormin1977]

Even if it is done on a small scale I think it would be good simply to allow gold and silver backed currency to be used.

[jinjin16]

no doubt this is a good idea, only if there is gold to back it up. however even if the US has still gold to back up the currency this would mean that the US can only print a certain amount of dollars in ratio to the gold reserves. That is not to the interests of the US Feds where they have backed it up with middle eastern oil.

[lrn2wlk4life]

read clarence thomas' new book. He was an angry youth like you. And if you have the parental guidance then you too may see that anger does not help. You can only give what you have. Have peace to give it.

[JackNeedles]

More like return to SOUND MONEY, stop the fiat money, and stop a private central bank from regulating our own currency and destroying it when congress should be regulating it.

[StorminNormin1977]

It is so refreshing that so many are waking up to how monetary policy effects our country & our lives. The real issue is that there are pro's & con's to both positions. The Fed allows for quick economic growth since we have a reserve currency status based on fiat. This allows for quick bailout when industry gets in trouble. However this also creates huge bubbles that will burst and allows for complete depletion of the value of the monetary system. All paper money eventually deflates to zero.