Gary A

The Developing World Takes Over

It is truth that the military of the United States should consider protecting the citizens of the United States from the central banks and their home bank, the BIS: bank-abuse.com/bankste...


On Sep 30 11:22 AM conceptwizard wrote:

> 'I believe that banking institutions are more dangerous to our liberties
> than standing armies. If the American people ever allow private banks
> to control the issue of their currency, first by inflation, then
> by deflation, the banks and corporations that will grow up around
> the banks will deprive the people of all property until their children
> wake-up homeless on the continent their fathers conquered..' Thomas
> Jefferson, (1743-1826), 3rd US President, 1802
>
> Why not ask yourself "who does Benanke answer to"? The FED is not
> owned by the Government, but controlled by the Bank of International
> Settlement", as are all central banks.
>
> Does he answer to Congress--- No, he wont do anything they ask.<br/>Does
> he answer to the President----NO
> Does he answer to little Tim Geithner---No
>
> So who then? is he on his own? what gives him the authority?
>
> I for one have major concerns that the FED has no mandate to protect
> the American public. Its plain who they favor.
> We as taxpayers pay interest on the money that he is printing with
> no oversight or controls in place, what has to happen before people
> wake up to the fact that we have no control over our destiny.

The Developing World Takes Over

I just can't base an entire world stock recovery on a few Chinese and Indians buying cars. There is just too much to overcome as these folks don't have a safety net at all. It isn't going to happen, IMO.


On Sep 30 10:24 AM Old Trader wrote:

> Gary A,
>
> I believe that you're going to see exactly that happening (a growth
> in the consumer sector in the developing world). I'm referring specifically
> to China and India, although its happening elsewhere in Asia, too.
>
>
> To an extent, one can see that happening as evidenced by the growth
> in auto sales in both countries. I'm not saying those populations
> will replace the US consumer's spending overnight, but the trend
> is in place.

The Developing World Takes Over

The folks in the developing nations have to turn into consumers. I don't think they will soon replace the Americans. And the Americans have hunkered down because they know that the financial system has screwed them.

And if the author can't even tell if we are going to have inflation or deflation, then how does he even know if we are in a world wide recovery? In the 70's we could afford inflation. We cannot afford the tax for the rich that is inflation at all right now.

So the Fed will raise rates and housing will die and the consumer will save. How is this a recovery?