Interesting video- makes me want to buy more gold and silver

[jim4silver]

Saw this today. Interesting short video.


http://www.blacklistednews.com/The_...le_In_American_Democracy/16556/0/0/0/Y/M.html


Jim

 

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[mts]

Yes, interesting. I too would like to see the Fed audited. I'm curious to find out if there would be anything at all to report. The conspiracy theorists tend to believe the Fed is involved in all kinds of illegal activity. My guess is that there is nothing "illegal" about what the Fed is doing. We won't like it... but it is likely not illegal. But who knows?

 

[jim4silver]

Yes, interesting. I too would like to see the Fed audited. I'm curious to find out if there would be anything at all to report. The conspiracy theorists tend to believe the Fed is involved in all kinds of illegal activity. My guess is that there is nothing "illegal" about what the Fed is doing. We won't like it... but it is likely not illegal. But who knows?

I doubt that there is anything "illegal" going on. They have a broad range of powers and I would assume that over the years they have been given the "right" to do pretty much whatever they want.

My take on the video is that one day, with all the money printing and propping up of banks and other financial institutions, the house of cards is going to collapse. It has happened before since ancient times (ie Roman empire) and will happen again in my opinion. If/when it does, I believe PMs will be more valuable than paper assets. I predict that in the next year or two, we will see another wave of QE3 here and something equivalent in Europe to try and bailout Greece, Italy, Spain, etc etc. Excessive printing is good for PMs, bad for everything else.

Jim

 

[Marchas45]

Very interesting video, wonder why I haven't seen this on the news anywhere or that most of congress are trying to do an audit. I do believe if they do an audit there's gonna be a lot revealed mostly bad.

 

[Marchas45]

Now I'm confused I guess it seems there has been an audit in the past couple of months.http://www.silverbearcafe.com/private/10.11/gaoaudit.html

 

[jim4silver]

Now I'm confused I guess it seems there has been an audit in the past couple of months.http://www.silverbearcafe.com/private/10.11/gaoaudit.html

The video link I posted was from a video uploaded in 2009. Since then apparently they have had some sort of audit as represented in the link you posted.

My reason for posting was to show the vast amount of $$$$ being created into circulation by various means as alleged. As the link you posted says, over 16 TRILLION dollars has allegedly been given out by the fed to various parties. That is an amazing amount. That is even more than our national debt, which by the way just passed the 15 TRILLION dollar mark.

Remember when a billion dollars was alot of money?

Jim

 

[mts]

Now I'm confused I guess it seems there has been an audit in the past couple of months.http://www.silverbearcafe.com/private/10.11/gaoaudit.html

Interesting. I guess the big question is: what would have happened to our economy if the Fed had not loaned those trillions of dollars out to the failing banks, corporations, and foreign entities? I realize that it sure sounds bad. But can anyone really know for sure where we would be today if they hadn't done it? Would we be smack dab in the middle of the worst depression in history? Would there be mass hysteria, rioting, looting, and chaos? Or would we actually be in even better shape than we currently are? Who knows?

It's easy to look at the numbers and cry foul. And I'm not saying that a foul wasn't committed. But in hindsight, we got off pretty easy considering how bad things could have been after 2008. The details are starting to emerge...

 

[Marchas45]

Glad you cleard that up Jim as for we got of easy MTS loaning trillions of dollars outside of our country at 0% interest which we may never get it back is not getting of easy. It's happened to this country before including ww2 when this country recieved very little back.

 

[jim4silver]

Now I'm confused I guess it seems there has been an audit in the past couple of months.http://www.silverbearcafe.com/private/10.11/gaoaudit.html

Interesting. I guess the big question is: what would have happened to our economy if the Fed had not loaned those trillions of dollars out to the failing banks, corporations, and foreign entities? I realize that it sure sounds bad. But can anyone really know for sure where we would be today if they hadn't done it? Would we be smack dab in the middle of the worst depression in history? Would there be mass hysteria, rioting, looting, and chaos? Or would we actually be in even better shape than we currently are? Who knows?

It's easy to look at the numbers and cry foul. And I'm not saying that a foul wasn't committed. But in hindsight, we got off pretty easy considering how bad things could have been after 2008. The details are starting to emerge...

The question to me is, why do some institutions get "bailed out" and some don't? Why is a private bank "too big to fail" when some other type of large private corporations are not?

Some day I believe we will see riots, looting, etc., if/when the gov officially defaults. They might have the ability to print to infinity, but at some point other countries will not want the dollar anymore. As long as they keep wanting the dollar I guess the gov can keep on printing. The fact is the longer the gov takes to really fix the problem and end all the debt (which I don't believe it will ever do) the worse the "crash" will be once it hits.

Jim