What is Digg?14 Comments
- emazur, on 11/26/2008, -0/+24Kiyosaki is a rich and powerful man:
http://en.wikipedia.org/wiki/Robert_Kiyosaki
His quote is worth heeding:
"What Mugabe has done to Zimbabwe, the Federal Reserve Bank and the IMF are doing to the world." - andreegal, on 11/26/2008, -0/+14Wow, I read his first rich dad, poor dad book years ago, and its always been on my head. All of this is pretty meaningful coming from him I'm pretty sure he knows what he's talking about. Too bad people don't know this or refuse to look at the right direction of the whole mess.....and to those I would only say....follow the money.
- TruthExposed, on 11/25/2008, -1/+15The recent surge in the value, and purchasing power of the US dollar is an artifact of the financial crisis. Big banks have raised the inter bank lending rate quire a bit in recent times, and we have so many millions of people and businesses that can't pay their bills that they are selling everything they can to get cash. Both of these events increase demand, and push the value of the dollar up, which effectively lowers the price of everything.
After the 700+ Billion enters circulation, prices will undoubtedly resume their rapid increase. - gottadiggit, on 11/26/2008, -1/+12I don't know how recent his conversion is, I saw a video many months ago where he said something along the lines that Ron Paul was the only one who got it.
- inactive, on 11/26/2008, -1/+8The Clinton administration had a lot to do with it as well. Hey, let's pressure the banks to lend to customers based on liberal social principles, not their credit scores. What's the worst that could happen....?
- emazur, on 11/26/2008, -0/+6Yesterday's Bloomberg headline stated the Fed's pledges added up to 7.7 Trillion. That's a pretty astronomical sum in itself. 800 trillion would be doomsday
- BlackBloke, on 11/26/2008, -0/+5I think someone meant to write "Yahoo!" and not "Yakoo".
- thallium205, on 11/26/2008, -3/+7No. Congress caused the financial crisis, the Federal Reserve simply facilitated it.
- TruthExposed, on 11/25/2008, -1/+3I say that 800 trillion (I think that's where we were at) is enough to make up for the decreased fiat lending.
Time will tell. - FascistNation, on 11/30/2008, -0/+2Many of us already know this. But it is nice when you can point to a "mainstream" source. It makes the skeptics we love go huuummmm.
- hugolp, on 11/26/2008, -0/+2You are right, but banks will start lending again at some point.
- vbullinger, on 11/25/2008, -1/+2Meh. Not so much. The real issue with the increase in the money supply isn't the original printing: it's the fractional reserve lending. Normally, that 850 billion would be lent out at many times that. If the banks aren't lending, and they are easing up on their lending, then the money supply doesn't increase by as much.
It's still fake, don't get me wrong, but I don't see the dollar plummetting too quickly. I still Dugg this and all, but you're missing one point is all I'm saying. - Observant1, on 11/28/2008, -1/+1I tend to believe the corporations caused the financial crisis, with their buddies in DC granting corporate welfare for them to outsource the technology and production. the FED was accomplice in covering up the real loss by printing loads of currency so the majority didnt notice until too late.
companies refusing to meet EPA standards imposed were rewarded with funding to take production to places with cheap labor and no regulations, this was instigated by DC's EPA policies to begin with. the production is gone and the related pollution with it, less people working making decent money to be taxed is their motivation to instigate taxing CO-2, which is a farce.
the production and pollution are just in other countries now, while they set up to punish the people who have been made less productive and poorer. DC, the FED, and corporations, ALL began playing the games of economic warfare sabotage, shortly after the US was completely removed from the gold standard. the majority would have noticed much sooner if not for the Pearl Harbor New York event 7 years ago, as called for in the PNAC document. it is all deception and lies, a staged propaganda puppet show where they publicly sling blame everywhere that fully cooperates with ITSELF backstage. a globalist nazi war machine that likes slavery, which has always existed, getting away from it is supposedly why this nation was formed. "they" allowed people to do it to tame the land for them, mission accomplished. now they are doing everything "legally/financially" to take it all back, inclusive to counterfeiting more currency without any real production to back it up, blatantly looting an already bankrupt treasury that they themselves bankrupted intentionally. - prattt69, on 11/26/2008, -5/+2Exactly congress is responsible for it as many people are suffering due to high oil price, the downfall in economy,loos of jobs ,business shuting down due to crisis and rising inflation
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