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Ben "Zero Percent" Bernanke...Has the Fed Gone Mad?

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Uploaded by on Dec 16, 2008

Jacob Nordby describes the historic rate cut of 12/16/2008 and shows how the central bank is attempting to normalize the market again.

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  • Jacob

    I love the video messages you put out. It doesn't matter if you are the Fed, a company, or the average family, the borrower is always slave to the lender. There is tragedy whenever anyone lives beyond their means.

  • Thank you! You are so right re: slave to the lender. The American people don't realize that we have become both borrower AND lender. It's a tangled and messy proposition--especially now that the government is getting heavily involved with nationalizing of private assets in return for handouts.

  • well, here's the deal: as I hinted at the end of the clip, there's a LOT more crap waiting to come pouring out of the financial sector (credit card companies are starting to visibly crumble now). The Fed is doing what the Fed knows to do, but it definitely feels like moving the deck chairs around on the the sinking Titanic.

    Gold/silver probably make good investments right now. I haven't studied that much, but I do think that the gold ol' greenback is in trouble

  • thanks for the quick responses, folks. As you can see, I'm not making big political points with these clips, but I don't disagree with you. I have deep and grave concerns about the enormous level of debt being acquired more or less unconsciously by the American citizenry...

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  • Good info that just makes my investment in Gold and Silver look pretty good. Thank you Jacob; as always your insight is spot on and I know who to turn to when it comes to integrity. Imagine all these congressional types feeling really good about their performance and how they sleep at night, I just do not understand. It is my understanding that only 1 in 3 is being approved for a home loan, correct? God Bless!

  • Thank you Jacob for always helping me understand what is really happening before my eyes when I watch news breaking events in the financial world. I am sure everyone appreciates the timeliness of your insights.

  • The fed is just a bunch of stupid fucks!!!

  • honestly, I agree with you that this is a misguided attempt...

  • The Fed is fucking nuts. I did not want to curse, but I felt it was warranted.  The federal reserve will stop at nothing to destroy our dollar.

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