Citigroup: The rich will continue to get richer at the expense of everyone else

[guartz]

Hell, political instability? Just look at what happened to venezuela. There was such a dramatic wealth disparity. You were either wealthy or shoveled dirt.

We all know how that turned out, right?

[guartz]

Actually, come to think of it. Similar situations happened all over S.America and Asia within the last 10-15 years. You think the curvature is happening because all the guys with the bucks are fleeing to U.S. Golden A?

[Olo401]

*bump* Slighty related news today.. "Audit the Fed" Amendment written by Sen. Bernie Sanders (I-VT) passes 96-0

Whoda thunk all those Republicans would actually support an idea proposed by an actual self-proclaimed Socialist..

[Kuya]

The Fed is quite unpopular now a days.

[wagon]

The Fed is quite unpopular now a days.

The bad rep the Federal Reserve gets is really undeserving. I worked at the Fed, and it acts the backbone of the entire financial system, responsible for check clearing, bank lending and other important functions. Nobody gives the Fed credits for stuff that it does right because of ignorance -- most people don't know what the Fed's daily responsibilities are. Look at this way, the Fed is an entity similar to the combination of a fire department and an advisory board. It issues guidelines on building codes to minimize the possibility of a fire and when fire does happen, it will come to put it out. It's not an omnipotent organization that precludes all ills in the financial markets. Blaming the Fed for financial crises is like blaming the fire department for fires. Its limited power is used to stabilize interest rates and unemployment and is definitely accountable to congress. Most high ranking executive working in the Fed are from academia and not from the private sector. There's no secret agenda to blow up the economy or rip the american people off. It's a collection of armchair economists deliberating on how best to promote full potential GDP and full employment via open market operations and adjustments to the fed funds rate.

[guartz]

The bad rep the Federal Reserve gets is really undeserving. I worked at the Fed, and it acts the backbone of the entire financial system, responsible for check clearing, bank lending and other important functions. Nobody gives the Fed credits for stuff that it does right because of ignorance -- most people don't know what the Fed's daily responsibilities are. Look at this way, the Fed is an entity similar to the combination of a fire department and an advisory board. It issues guidelines on building codes to minimize the possibility of a fire and when fire does happen, it will come to put it out. It's not an omnipotent organization that precludes all ills in the financial markets. Blaming the Fed for financial crises is like blaming the fire department for fires. Its limited power is used to stabilize interest rates and unemployment and is definitely accountable to congress. Most high ranking executive working in the Fed are from academia and not from the private sector. There's no secret agenda to blow up the economy or rip the american people off. It's a collection of armchair economists deliberating on how best to promote full potential GDP and full employment via open market operations and adjustments to the fed funds rate.

Worked out great, hasn't it? Central planning.

Did wonders for mother russia, eh comrad?

[Cadsuane]

Worked out great, hasn't it? Central planning.

Did wonders for mother russia, eh comrad?

Are you actually implying that central banking is socialism?

[wagon]

Worked out great, hasn't it? Central planning.

Did wonders for mother russia, eh comrad?

Keeping things from getting out of hand != central planning

Thanks for playing though.

[archibaldcrane]

Worked out great, hasn't it?

Have you been to America lately? It's a pretty fuckin' sweet country.

[Kuya]

It is, in America there are many things to buy, and this is the definition of freedom.

[archibaldcrane]

It is, in America there are many things to buy and many areas of work to pursue, and this is the definition of freedom.

fixed a bit, and obviously there is a lot more to "freedom" than that, but those are both very important.

[Cadsuane]

I gotta be free
Free as the wind
Free as the way
I gotta be
Maybe I'm lost
Maybe I've sinned
I gotta be totally free
Our parents don't love us
Our teachers they say
Things that are boring
So were running away
And we will be free
And people will see
That when we are free
Thats the way we should be
We must be free
We must be free as the wind
We were free well
when we were born
We were born free but now
We are not free anymore
But we wanna be free
And were gonna be free
So we wanna be free
And were gonna be free

Did you know that:

Free is when you don't
Have to pay for nothing
Or do nothing
We want to be free
Free is when you don't
Have to pay for nothing
Or do nothing
We want to be free
Free is when you don't
Have to pay for nothing
Or do nothing
We want to be free
Free is when you don't
Have to pay for nothing
Or do nothing
We want to be free

[Kuya]

fixed a bit, and obviously there is a lot more to "freedom" than that, but those are both very important.

No, not work, that is what credit is for. Only buying is freedom.

[Plow]

Super easy to get infinite credit without work.


Oh, you're talking about spending $500 once and never again. Nvmnd.

[Kuya]

Work Walmart, get credit, receive freedom.

[Plow]

Oh shit, now you're talking like a thousand dollar credit line.

http://blog.daddysplace2.com/wp-cont...rich_bitch.jpg

[Kuya]

Even a bit of freedom is better than none.

[Plow]

srsly you can do better than that


here, I'll get you started


"the middle class gets loans bigger than what they can really afford, and..."



all you

[Kuya]

the middle class gets loans bigger than what they can really afford, and

that is the American dream.

[Plow]

I thought the American dream was "the middle class gets richer and richer, doing easier and easier jobs. The rich make the vast majority of the progress, and are rewarded with the freedom to pay the people below them more for continuing to do the exact same, or easier, jobs."