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The fed does not get it.
Old 03-16-2008, 09:34 PM   #1
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The fed does not get it.

The fed is out of touch here. The price of crude oil will continue to hit record highs. 150 a barrel is possible sooner than later and 5+ a gallon gasoline even 6 dollars a gallon will stop the economy in its tracks. People cannot pay that cost. The price of food and every other thing moved by truck will go sky high. Sorry gang all is lost. Tin foil hat is on and hooked to the electrodes.
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Old 03-16-2008, 09:59 PM   #2
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Are you saying the Fed should be raising rates? That would cause the dollar to go up in value and oil to cost us less. If you are saying the Fed should be lowering rates faster then your $150 a barrel oil will be here a lot faster too. Maybe you should leave the economics to the professionals.
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Old 03-16-2008, 10:07 PM   #3
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A few years ago I was in London and they were paying over $8 a gallon at that time. The streets had so much traffic you could move around faster by walking. So I guess the American economy will just have to deal with it, we have no choice.

Newguy, don't cut your throat just yet.
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Old 03-16-2008, 10:14 PM   #4
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Newguy, don't cut your throat just yet.
Is that what you meant to say?
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Old 03-17-2008, 12:00 AM   #5
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Those are pretty well educated people on the fed board. They sure beat my credentials. Ya you are probably right newguy they are out of touch.
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Old 03-17-2008, 03:50 AM   #6
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We are not in a great position right now. It is not a dooms day scenario. But you are worth much less than your were in the late 1990's whether you realize it or not. Forget about the increase in the number of USD you have on paper... they are worth much less. You have lost ground!

Yes, the fed scr3wed up by keeping rate too low for too long. Rate should have been raised back in late 2003 early 2004 and in a bit more aggressive manner.


The regulators were asleep on the sub-prime debacle. THe primary fault is with the Bush Administration. The Bush administration has such a Laissez-faire attitude toward the markets and business that they let a new group of budding opportunist/criminals ruin us. Combine that with an ultra-hawk war mongering attitude and Zero concern for SS and Medicare. And this is where you wind up.


The problem is the sub-prime debacle is happening while we are in two wars with a project $1.7T expense before it ends (many years in the future). You combine that with boomers retiringly (SS and Medicare).... and yes indeed we are in trouble.

I do not think we are headed for something as bad as a depression... but you are worth much less than you were (not referring to the recent market tanking).


If the US does not get its priorities straight on what it is going to support for expenditures. This nation is going to be hollowed out financially. And that hollowing out will not wait until we are dead and gone... It is occurring right now.


People are crying out for politicians to denounce people or situations that they are associated with during the campaign year.


America should cry out and denounce GWB and he has really F^<ked things up. The sad part is that he did it on purpose... Oh... to be sure some of the results were unintended consequences... but his actions directly brought most of it on. Including pressuring the fed to keep rates low to fuel the artificial housing boom... because the fear of recession during his war.

This is why most middle of the road republicans and independents will vote for a democrat whether they like the Dem or not.

Sorry for the rant. But he is the direct cause... his priorities are twisted.
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Old 03-17-2008, 05:36 AM   #7
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We are not in a great position right now. It is not a dooms day scenario. But you are worth much less than your were in the late 1990's whether you realize it or not. Forget about the increase in the number of USD you have on paper... they are worth much less. You have lost ground!

Yes, the fed scr3wed up by keeping rate too low for too long. Rate should have been raised back in late 2003 early 2004 and in a bit more aggressive manner.


The regulators were asleep on the sub-prime debacle. THe primary fault is with the Bush Administration. The Bush administration has such a Laissez-faire attitude toward the markets and business that they let a new group of budding opportunist/criminals ruin us. Combine that with an ultra-hawk war mongering attitude and Zero concern for SS and Medicare. And this is where you wind up.


The problem is the sub-prime debacle is happening while we are in two wars with a project $1.7T expense before it ends (many years in the future). You combine that with boomers retiringly (SS and Medicare).... and yes indeed we are in trouble.

I do not think we are headed for something as bad as a depression... but you are worth much less than you were (not referring to the recent market tanking).


If the US does not get its priorities straight on what it is going to support for expenditures. This nation is going to be hollowed out financially. And that hollowing out will not wait until we are dead and gone... It is occurring right now.


People are crying out for politicians to denounce people or situations that they are associated with during the campaign year.


America should cry out and denounce GWB and he has really F^<ked things up. The sad part is that he did it on purpose... Oh... to be sure some of the results were unintended consequences... but his actions directly brought most of it on. Including pressuring the fed to keep rates low to fuel the artificial housing boom... because the fear of recession during his war.

This is why most middle of the road republicans and independents will vote for a democrat whether they like the Dem or not.

Sorry for the rant. But he is the direct cause... his priorities are twisted.

Whew.. If I said that I would be put on some more ignore lists.
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Old 03-17-2008, 07:56 AM   #8
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Chinaco,
Be careful of what you wish for! Remember Jimmy Carter? His financial prowess and his weak response against Iran did far more damage than GWB will ever have done.

Maybe we should look at the Bill years, not the Jimmy years? Bill rode the dot.com bubble and then left the mess to GWB. Bill tore down the military and left GWB with 911. Bill put up the "wall of silence" that kept our security agencies from sharing terrorist activities and let bin Laden go more than several times. Bill rose taxes on SS, for God sake, to pay for his surplus that everyone seems to love.

Give me a break. Just how many terrorist attacks have their been on our soil since GWB took charge of our safety? NONE. And, now the great Democrat Congress is falling all over itself to give the people back their money. If it is good to give people their money in bad times why take it away from them in the good times.

Tax, spend, weak military, entitlements, socialism, big government, no personal responsibility ... yeah that's what I want in my government.
Those who cannot remember the past are condemned to repeat it.
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Old 03-17-2008, 12:33 PM   #9
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150 a barrel is possible sooner than later and 5+ a gallon gasoline even 6 dollars a gallon will stop the economy in its tracks.
Think this is a peak oil thing?
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Old 03-17-2008, 01:35 PM   #10
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Whew.. If I said that I would be put on some more ignore lists.
more?
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Old 03-17-2008, 01:36 PM   #11
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The fed is out of touch here. The price of crude oil will continue to hit record highs. 150 a barrel is possible sooner than later and 5+ a gallon gasoline even 6 dollars a gallon will stop the economy in its tracks. People cannot pay that cost. The price of food and every other thing moved by truck will go sky high. Sorry gang all is lost. Tin foil hat is on and hooked to the electrodes.
I need some guys like you in the financial media so I can buy some stocks at prices I used to only dream about.............

The price of food will skyrocket due to a stupid ethanol mandate. The price of gas continues to rise because American consumers have not curtailed their driving, their only response has been to grumble about it.......
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Old 03-17-2008, 01:37 PM   #12
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Think this is a peak oil thing?
More of an upward move to the mean......for every Venezuela at 19 cents a gallon, there's an Italy at $8.25..........we're just in the middle...........
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Old 03-17-2008, 01:55 PM   #13
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Those who cannot remember the past are condemned to repeat it.
As are those who selectively remember...
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Old 03-17-2008, 06:33 PM   #14
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I am thinking Willie Nelson and Soy Bean diesel.

heh heh heh - the corn/switchgrass/ethanol crowd ain't got good country music.
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Old 03-18-2008, 05:12 AM   #15
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Chinaco,
Be careful of what you wish for! Remember Jimmy Carter? His financial prowess and his weak response against Iran did far more damage than GWB will ever have done.

Maybe we should look at the Bill years, not the Jimmy years? Bill rode the dot.com bubble and then left the mess to GWB. Bill tore down the military and left GWB with 911. Bill put up the "wall of silence" that kept our security agencies from sharing terrorist activities and let bin Laden go more than several times. Bill rose taxes on SS, for God sake, to pay for his surplus that everyone seems to love.

Give me a break. Just how many terrorist attacks have their been on our soil since GWB took charge of our safety? NONE. And, now the great Democrat Congress is falling all over itself to give the people back their money. If it is good to give people their money in bad times why take it away from them in the good times.

Tax, spend, weak military, entitlements, socialism, big government, no personal responsibility ... yeah that's what I want in my government.
Those who cannot remember the past are condemned to repeat it.

Hey... I am not a Democrat. Bill Clinton was not perfect. I am not going to defend him.

GWB is here and now. BC is not in office.

I see no reason to cut GWB any slack for his blunders. I suppose the reason I have a problem with him is that I believe that he has a basic political approach of deceiving the American people... manipulation or saying one thing and doing another. He is clearly an elitist (wealthy interests) (although he is rich.. he is not the sharpest knife in the drawer but smart enough to look after certain interests).

Here is a page from his play book.

http://www.early-retirement.org/foru...ook-34046.html

I find it unacceptable. Others should also. Republican, Democrat, Independent... whatever.

It is not a political thing now. He has really put us in a bad set of situations that will take several decades to correct.

Some of it is not what he did (although he has many blunders)... but the things he ignored by being consumed with his ax to grind against Saddam. For him it was personal. He let his personal feeling blur his judgment (at best)... at worst, he did not give a d@mn about the other consequences.
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Old 03-18-2008, 05:42 AM   #16
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I think many of Bush's actions corrected Clinton's military blunder's. Clinton cut and ran after being punched in the nose in Somalia, then he provided no real response to other terrorist attacks against our country. Bush goes to show that just because one president doesn't do something doesn't mean the next won't be a bit unstable and open a nasty can of kick butt on you. If we cut and run from Iraq as their government is just starting to get things together it would be back to the Clinton era of military philosophy of don't anger anybody they might do something to hurt you. Sorry people, Leadership comes at a cost. Like it or not we are the military leaders of the world.
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Old 03-18-2008, 07:50 AM   #17
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Chinaco,
Be careful of what you wish for! Remember Jimmy Carter? His financial prowess and his weak response against Iran did far more damage than GWB will ever have done.

Maybe we should look at the Bill years, not the Jimmy years? Bill rode the dot.com bubble and then left the mess to GWB. Bill tore down the military and left GWB with 911. Bill put up the "wall of silence" that kept our security agencies from sharing terrorist activities and let bin Laden go more than several times. Bill rose taxes on SS, for God sake, to pay for his surplus that everyone seems to love.

Give me a break. Just how many terrorist attacks have their been on our soil since GWB took charge of our safety? NONE. And, now the great Democrat Congress is falling all over itself to give the people back their money. If it is good to give people their money in bad times why take it away from them in the good times.

Tax, spend, weak military, entitlements, socialism, big government, no personal responsibility ... yeah that's what I want in my government.
Those who cannot remember the past are condemned to repeat it.
Actually Jimmy Carter inherited the out of control inflation from Nixon/Ford. He appointed Paul Volker to the FED and Paul proceeded to raise interest rates to fight inflation. His policies broke the back of inflation and led to the prosperity of the 80s. Remember, Carter had no control over interest rates. That was the FED.
Also the Arab oil crisis started inder Nixon, but many blame Carter for high gas prices of the time, too.
Carter did not have many options when it came to Iran. He could have invaded, but all the hostages would have been killed and the resulting quagmire could be going on to this day. Carter did what any president would have done to save the lives of the hostages.
Bush makes Carter look like a economic genius.
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Old 03-18-2008, 08:18 AM   #18
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Actually Jimmy Carter inherited the out of control inflation from Nixon/Ford. He appointed Paul Volker to the FED and Paul proceeded to raise interest rates to fight inflation. His policies broke the back of inflation and led to the prosperity of the 80s. Remember, Carter had no control over interest rates. That was the FED.
Also the Arab oil crisis started inder Nixon, but many blame Carter for high gas prices of the time, too.
Carter did not have many options when it came to Iran. He could have invaded, but all the hostages would have been killed and the resulting quagmire could be going on to this day. Carter did what any president would have done to save the lives of the hostages.
Bush makes Carter look like a economic genius.
Correct, right, yes, absolutely.
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Old 03-18-2008, 08:30 AM   #19
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I think many of Bush's actions corrected Clinton's military blunder's. Clinton cut and ran after being punched in the nose in Somalia, then he provided no real response to other terrorist attacks against our country. Bush goes to show that just because one president doesn't do something doesn't mean the next won't be a bit unstable and open a nasty can of kick butt on you. If we cut and run from Iraq as their government is just starting to get things together it would be back to the Clinton era of military philosophy of don't anger anybody they might do something to hurt you. Sorry people, Leadership comes at a cost. Like it or not we are the military leaders of the world.
We really had no reason to stay in Somalia.
Bush didn't do anything to fight terrorists until the US suffered the worst attack on US soil in history under his watch. And his response was to invade a country that had nothing to do with attacking the USA.
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Old 03-18-2008, 08:32 AM   #20
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Correct, right, yes, absolutely.
And I thougt I was going to get flamed for my post.
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