msnbc.msn.com — The Federal Reserve Tuesday responded aggressively to a housing downturn that threatens to spread to the broader economy, cutting its main benchmark interest rate by a half-percentage point and broadly lowering borrowing costs.
Sep 18, 2007 View in Crawl 4
4uidiggSep 19, 2007
They are either incredibly smart, or incredibly stupid
podragSep 20, 2007
I suspect there are some big fat skeletons waiting to fall out of the closet.
Closed AccountSep 20, 2007
My belief is that it is the deliberate policy of the neo-cons to so weaken our money that Americans will gratefully welcome the new Amero. In addition, I believe the Red Chinese have been assured by Treasury Secretary Paulson that the Chinese reserves will be given favorable treatment from dollar devaluation by the US Government. Ditto for other governments holding large dollar reserves. Most likely accomplished through a two-tiered currency structure; simple: Americans get to convert their dollars at 1-for-1 for each amero while privileged central banks can convert through a Federal Reserve administered Clearing House at, say, .75-for-1 amero. Presto! a 25% REvaluation for the central banks. The bottom line is that it will mean a massive wealth transfer scheme of Americans' wealth. You simply cannot implement a currency union without leveling the wealth distribution first. The hegemony of America's wealth as it exists now is certainly not compatible with that of Mexico and Canada. Political union will follow.
mookiemookieSep 20, 2007
<a class="user" href="http://www.geocities.com/CapitolHill/Embassy/1154/flaherty.html">http://www.geocities.com/CapitolHill/Embassy/1154/ ...</a>I'll go with the Doctorate of Economics and his sourced statements, ok?