Jim Rogers Says Let the Incompetent People Go Bankrupt UK is Over 23 Jan 09
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@xMaXiMuSx Sen Dick Durbin said it best when as the senior senator from Illinois stated outright that the banks "own" Capitol Hill so the hope of the Federal Reserve Act being repealed is slim to none
xadam2dudex 7 months ago
@xadam2dudex
yeah I agree but they operate with the blessing of the US goverment.. The congress can end them..
xMaXiMuSx 7 months ago
@xMaXiMuSx the FED is not the bank of the US government.. they are a private corporation and work not for the government or the American people but for their owners they committed a crime by getting the Federal Reserve Act passed and then set about robbing the US treasury blind
xadam2dudex 7 months ago
@xadam2dudex
yeah that's the FED.. I know that... The FED is the enables of all the moral hazard.. It's the central bank of our country.. Notice my first comment to you I said Central bank/Us goverment central planning..
xMaXiMuSx 7 months ago
@xMaXiMuSx those low interest rates were thru the FED not the US government.. u totally don't understand the workings of the government and the banking system
xadam2dudex 7 months ago
@xadam2dudex
no they had goverment gurantees all the way through.. artifically low interest rates and of course bailout guarantees(if you dont think they had them you are STUPID).
xMaXiMuSx 7 months ago
@xMaXiMuSx they didn't have the guarantee till after the bailout ..Paulson under TARP gave them free money and a promise to pay off all future debts from their criminal activities..the republicans and blue dog dems crushed regulations to end the speculation
xadam2dudex 7 months ago
@xadam2dudex
yeah they were commiting fraud, they should go to jail.. But you understand that when you have a goverment guarantee you can do whatever you want because you won't lose anything!! That was the problem.
xMaXiMuSx 7 months ago
@xMaXiMuSx when they did all their criminal activity they didn't even think about the consequences... they were so engrossed with the profits they could reap...it wasn't until they saw the collapse happening that they got their insider Paulson to put together the bailout so the government could take their current and future losses so they could still reap the profits...they crushed regulations new and old that might threaten their criminal activity
xadam2dudex 7 months ago
@xadam2dudex
It's goverment policy/central bank policy that allowed it to happen.. YOu can't guarantee risk and bailouts and expect bankers to not try to enrich themselves.. There was no fear of failure..
xMaXiMuSx 7 months ago