Kucinich: The Federal Reserve Is Paying Banks NOT to Make Loans
Kucinich: The Federal Reserve Is Paying Banks NOT to Make Loans
July 28th, 2009
What would happen if the banks did lend out that money? Inflation would explode and the Chinese would spit the dummy:
China’s government remains “concerned” about the value of its U.S. assets, a Finance Ministry official said on the first day of bilateral talks with his counterparts in Washington.
“China has a huge amount of investment in the U.S., mainly in the form of Treasury bonds,” Assistant Finance Minister Zhu Guangyao said in a press briefing with reporters. “We are concerned about the security of our financial assets.”
Zhu’s comments follow repeated public assurances by Treasury Secretary Timothy Geithner that the Obama administration is committed to reining in a record budget deficit once an economic recovery is secured. China is the largest foreign investor in U.S. government debt, and any drop in its demand could threaten higher borrowing costs.
Zhu also said that China favors a “stable” dollar, indicating one source of concern is any collapse in the value of the U.S. currency. The dollar has dropped about 3.5 percent against the currencies of major trading partners so far this year, according to a Federal Reserve index, and has depreciated about 18 percent in the past eight years.
And lookee here: It’s another week and another record debt offering by the U.S. Treasury. The best overall metric to keep an eye on is the U.S. Dollar Index.
It’s another week and that means another record U.S. debt offering. Let’s see how it goes.
VIDEO AT:
That is where the bailout money is going
Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine
they are giving the banks money to make it look like they are making money just by essentially giving them the profits? That is an interesting angle, and one that I have not thought of. Could they be propping up the system, until they have all their FEMA plans in place? I would say that could be a strong possibility.
Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine
The R3volution requires action, not observation!!!!
Here is a graph
scroll to the second graph
http://www.shadowstats.com/alternate_data
M1 is the growth of the money in reserves.
dducks
[Bump] Good drop !
As usual Kucinich is wrong
When Kucinich isn't wrong, he is busy keeping the fringe roped into the Democratic Party with underdog anyi-war presidentical campaigns he rolls over for war every election, and the kind of help he gives for compassionate cannabis laws, and why we get none passed. If Dennis comes at you with support... RUN AWAY.. the guy is jinxed and what ever you are working on will fail.
I loved how Dennis said during the last presidentical campaign that we are digging our way to Chine and We're theres. You see? Dennis already told us we were THERE, so what is Dennis telling us all these months later? We're still THERE. meanwhile, 10K Chinese protesters are missing, the US says, "not our business", and yet, since China owns so much in the USA, maybe it should be?.
WE ARE GOING TO WIN!
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Reply email to me about this thread (former Marine, FL)
Ya know; when obammy decided the CEO at GM was not performing to his expectations, he fired him and replaced him with one of his cronies. What is the difference between that and the Chinese making the same argument regarding obammy not performing to their expectations (profit wise) since they are now the largest "share holder" of the U.S., much the same as the U.S. was to GM? Hmmmmmmm? Could there be a Zhu in our future? The White House is already "slummed" out.
Pull all your savings out of the banks
with interest rates so low you will lose very little. Just keep enough money in checking accounts to cover check/ payments made. use cash for your purchases. Using debt cards cost you local business money. By using cash you increase your local businesses profit and take away money from the big banks card processing centers. lets decrease the money master's by keeping very little money in the banks. We should also avoid getting loans and pay off loans ASAP. let's put a kink in the money masters SOP
I like your idea
... ever try to organize sheeple ?
sigh...
They could raise interest
They could raise interest rates instead of paying banks interest not to loan. Why are they doing this?
I've been banking on them raising interest rates (fixed income)
... but I guess someone stayed up late figuring how to #*!@ me.
Amazing
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
Thank you for sharing the link !!
I was just explaining to someone the other day that this was taking
place...now I can prove it. :o)
Compatriots !
This is serious as a heart attack what Kucnich is saying. Incidentally, Kucinich is my favorite Democrat, and he said if he was President, he'd want Ron Paul as his Vice President.
As self-taught fixed income investor it is clear to me that interest rates are more overtly manipulated than ever before that I have experienced. If this was the '70's era of when we had stagflation interest rates today would be prohibitive.
Katy bar the doors !
I like the vid
Sometimes Kucinich seems to be with us.
Yes, he did good on this
Yes, he did good on this one.
bobby PLEASE link to your articles!
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
Rhonda--the link was in the first post
http://cryptogon.com/?p=10133
Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:
www.twitter.com/AbolishTheFed
Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:
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ok, but i notice in many of yours posts you don't link
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"The essence of freedom is the proper limitation of government". ~ Founding Fathers
----------------------------------
"The essence of freedom is the proper limitation of government". ~ Founding Fathers
IN a few of my recent psots
there were no links to post--like the Letter from Ron Paul & others to Bernanke about Goldman--I just converted it from PDF to HTML. And I did post a WSJ piece w/o a URL since the URL links to only 2 paragraphs if you don't subscribe to the WSJ.
I will do my best to always posts links in the future.
Thanks for checking out my posts.
Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:
www.twitter.com/AbolishTheFed
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www.twitter.com/AbolishTheFed