Fed Turdsday Releases- A Dire Situation 7/10/03
The Fed data reveals a gathering storm.
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A Dire Situation 7/10/03
#1
Posted 10 July 2003 - 09:39 PM
#2
Posted 10 July 2003 - 10:21 PM
Better start the dumptrucks to make sure they are ready and leasing a few 100 boxcars... or massively drop rates... they will have to do something soon...
Or maybe they have done something but it didn't work...not long now...They can manipulate the market as long as the debt inflation machine is working...when it's over it's over... They have only one tool... interest rates... they have slashed 1809 basis points in 23 years to get here...standing at the edge of the cliff...
Or maybe they have done something but it didn't work...not long now...They can manipulate the market as long as the debt inflation machine is working...when it's over it's over... They have only one tool... interest rates... they have slashed 1809 basis points in 23 years to get here...standing at the edge of the cliff...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...
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