Fed Reserve Fails to Reflate the US Banking System V2

The Venus Project! A resource based economy!

money is now an old system. We better come up with something better, and fast. lol...

Running around with your hair on fire won't help. It took a while to get in this mess and will take a little while to get out. Doing the same thing and expecting different results is the definition of insanity. That is why following the Constitution is the shortest path to prosperity and freedom.

did you watch the video? In terms of the amount of money borrowed from the Fed to deal with this crisis, the 2008 crash is already TEN TIMES the size of the recession record.

The whole point is that we are dealing with a problem on an entirely different scale than anything we've seen before. Wherever you place blame for this crash - wall st, government, the Fed, lizard aliens - this is a very very serious problem, whose effects are only BEGINNING to be felt.

Usch fy fan..

la comparativa no tiene sentido si no se incluye una comparativa de consumo, de industrializacion, de progreso en otros niveles. Esa misma diferencia brutal se veria en consumos, en comprars, en creditos en progreso... o sea que si, hay crisis, claro, pero saldremos de esta y no tardaremos.

If the government was at it's constitutional size, it would not need to borrow any money. The problem is the size of government and the number of unconstitutional programs S**king up the money...foreign aid, unconstitutional wars, etc. The other problem is creating money out of thin air with no backing. The FED charges interest on money they create that costs ink and paper and we pay interest on the numbers they print on the paper. What a country!

Also, only about 10% of housing has been effected by the bubble to a point where they're endanger of foreclosure. That in itself isn't enough to cause a recession on the scale that we've seen now. I think deregulation coupled with having a deficit go from $1t to $9t over the course of 8 years wasn't much of a help either.

It's not a disaster, its a recession, they happen about every 11 years. The government will spend some money, the fed will keep lowering interest rates, slowly more jobs will be created as a result and finally we'll see growth again. We're also on the brink of new industries, nano, battery, "green" techs will soon spring up over the course of the next decade. I think more restrictions on both lending and trading should be enforced, I personally would like to see the removal of short selling.

1929 will pale as to what is yet to come.