Goldbug Posted November 10, 2008 Report Share Posted November 10, 2008 If the Treasury borrows it's money from the Federal Reserve (Central Bank) and the Fed is owned by it's member banks, aren't the banks putting up the money to bail themselves out?Goldbug Quote Link to comment Share on other sites More sharing options...
someonesomewhere Posted November 10, 2008 Report Share Posted November 10, 2008 Follow the queen. Follow the queen. Place yer bets. Quote Link to comment Share on other sites More sharing options...
Goldbug Posted November 10, 2008 Author Report Share Posted November 10, 2008 And which shell has the pea under it?Goldbug Quote Link to comment Share on other sites More sharing options...
someonesomewhere Posted November 10, 2008 Report Share Posted November 10, 2008 Unlike an honest game of Three Card Monte, where there really is a Queen it's just that the dealer won't let the mark see it, there ain't no Queen in this con game. Sadly, the dealer, the shills and the lookout in Three Card Bailout all believe that all the cards are Queens. It's only us marks who know there ain't none. Quote Link to comment Share on other sites More sharing options...
Mrfreespeech111 Posted November 11, 2008 Report Share Posted November 11, 2008 If the Treasury borrows it's money from the Federal Reserve (Central Bank) and the Fed is owned by it's member banks, aren't the banks putting up the money to bail themselves out?GoldbugYou might find this article interestinghttp://http://www.bloomberg.com/apps/news?pid=20601109&sid=aatlky_cH.tY&refer=home Quote Link to comment Share on other sites More sharing options...
Goldbug Posted November 12, 2008 Author Report Share Posted November 12, 2008 Good article, mrfreespeech. I've a feeling that "we ain't seen nothing yet". The door is wide open for the Fed to do anything they wish, with no oversight.There are discussions going on to move all IRA's and pension funds, retirement accounts, etc. to Fed controlled investment accounts. And world leaders meet in DC this week to discuss a Bretten Woods 2 agreement that gives the IMF new authority. (single world/global currency?)http://en.rian.ru/world/20081013/117704218.htmlGoldbug Quote Link to comment Share on other sites More sharing options...
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