Financial Vagabond

Posts Tagged ‘consequences

22 Oct, 2008

Banks are lending — NOT

Posted by: gauntlett In: Bailout|Credit|Debt|Federal Reserve|Finance

The theory was beautiful (well in the abstract)… Give troubled banks more credit and they will lend it out and the economy will stop its free-fall.  Now, that sounds like utopia to me.  Create credit and we will all be saved for unemployement, slowing production, decreased consumer spending, and rising interest rates. HOLD ON… let’s [...]

The Fed is Heralded as a savior.         I’d like to present a dissenting opinion and it will only take a moment.  The Fed is a quasi-governmental entity — read private bank.  It is a very large private bank that oversees the money flows between banks with the exclusive privilege of creating and destroying [...]



  • kerz: haeh heh! excellent. too late though! and it is a canard to pretend the republicans are deeply concerned. the rot is bipartisan.
  • kerz: Like your comment. 2 sources of income: taxes and "quant easing" HA HA. so true.Imagine, a 3rd world country is liberalizing, while US having
  • kerz: haeh heh! excellent. too late though! and it is a canard to pretend the republicans are deeply concerned. the rot is bipartisan.

About

The name is Trevor Gauntlett... I tend to like to question everything and don't like to take things at face value. There is always an alternative story to everything. My focus is the economy and finance with a desire for personal liberties and rights.

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