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Forum: Political Threads

01-04-2008, 10:47 AM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

doesn't mean jack if the average person's...

doesn't mean jack if the average person's purchasing power has been eroded substantially over time. great. wages are up 5%.

the gov't says inflation excluding food and energy prices is about...

Forum: Political Threads

01-04-2008, 10:10 AM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

well, we could envision a scenario where...

well, we could envision a scenario where healtchare continues to go up, oil continues to go up (remember: China and India are just starting to drive cars), and the u.s. economy goes DOWN.

in other...

Forum: Political Threads

01-04-2008, 09:18 AM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

sure, if you think $5 / gallon gas is okay.

sure, if you think $5 / gallon gas is okay.

Forum: Political Threads

01-04-2008, 09:17 AM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

pretty much. he opened the floodgates when a...

pretty much. he opened the floodgates when a hedge fund - Long Term Capital Management - blew up in 1998. there was a lot of wall street money tied up in that thing, and wall street was clamoring...

Forum: Political Threads

01-04-2008, 08:00 AM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

when you create too much paper money that isn't...

when you create too much paper money that isn't backed by anything of real value (like gold), bad things happen.

1. the previous federal reserve dude (Alan Greenspan) printed too much new paper...

Forum: Political Threads

11-09-2007, 01:56 PM

Replies: 21

Ron Paul and Ben Bernanke and Who screwed up the Economy

Views: 9,580

Posted By fishpoopoo

Ron Paul and Ben Bernanke and Who screwed up the Economy

Nice to see that Ron Paul "gets" it.

Cliff Notes:

1. The Federal Reserve creates money. When money is created, interest rates go down. The Federal Reserve is supposed to create money when...

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