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The desperation at the Fed is palpable...

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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:08 AM
Original message
The desperation at the Fed is palpable...
and the outcome is inevitable:

Fed Takes New Steps to Ease Crisis

http://enews.earthlink.net/article/top?guid=20080316/47dca950_3421_13345200803161120332642


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lligrd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:15 AM
Response to Original message
1. Great Photo And All Too Prophetic nt
Edited on Mon Mar-17-08 12:19 AM by lligrd
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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:20 AM
Response to Reply #1
2. Thanks -- it's like watching a train wreck in super slow motion...
...nothing we can do.
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lligrd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 12:25 AM
Response to Reply #2
3. Hey, We Tried
Looks like it had to happen before people would wake up. It will either help save America or ...
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 09:18 AM
Response to Reply #3
6. Americans can only wake up if..
.. they can get to the truth of the matter.

All we see in the news and on tv is propaganda
and information filtered and spun.

People need to understand how Reagan and neocon
economics have brought this country and the world
to its knees financially. It's the fault of
deregulation and fraudulent business and lending
practices. If these matters aren't addressed; if
the Fed keeps trying to bail out institutions and
Bush just keeps smiling saying he's "on top of the
situation, it's the fault of the terrorists because
he's been so busy fighting terrah," nothing will
change. Huge depression and collapse is coming,
but I don't see any real information and understanding
of the causes getting out to the majority of the
people in a way that would galvanize them to demand
the kind of change that is really needed.
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tanyev Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 06:56 AM
Response to Original message
4. Maybe the real purpose of invading Iraq was as a warning shot for all Americans.
"Ya'll don't believe I can break an entire country? Watch this."
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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 08:38 AM
Response to Reply #4
5. Could be -- I think they're intent upon...
Edited on Mon Mar-17-08 08:47 AM by Mr_Jefferson_24
...turning the dollar to toilet paper through repeated massive infusions of currency -- when hyper-inflation starts taking hold, followed by riots and other kinds of social unrest, I think they will declare martial law and begin the roundups.

They didn't build/modernize these Rex-84 facilities all across the nation for no reason -- they intend to use them.


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durablend Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 09:20 AM
Response to Reply #5
7. I agree 100% with you
And what the plan is for us.

They seem hell bent on destroying this country.
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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 09:41 AM
Response to Reply #7
8. They are hell bent on destroying the country...
...and here's the template they're using to do it:

http://www.crisispapers.org/Editorials/germany-1933.htm
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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:13 AM
Response to Original message
9. Someone posted a link to this...
...very good blog piece here recently on DU -- I'd give credit and link their OP if I could remember who it was, my bad.
If anyone does remember please do provide the link -- thanks in advance. Anyway, here it is:

---snip---

On a number of blogs last week, a number of people asked what can be done. Well, the truth is the chance for fixing it – at least fixing it in a way we might find acceptable - is past. Bush, Paulson, and Bernanke, and the governments and central banks of the G-7 have already embarked upon the course they will follow over the next year to three years - they are inflating. Remember that the week before Christmas a number of central banks - the Fed, the Bank of England, the National Bank of Switzerland, the Central Bank of Europe, the Bank of Canada and a few others, had a coordinated effort to prop up the financial markets. In three days they poured nearly $1 trillion of liquidity into the system. Let me repeat that, folks: $1 trillion in three days. Since then, the U.S. Federal Reserve alone has been pouring in an estimated $15 billion each week, largely through the Fed’s emergency Term Auction Facility launched December 17. One of the side effects of the TAF is that U.S. bank reserves have fallen below zero; there is currently a quiet debate going on whether or not negative bank reserves is a problem or not, given the emergency measures the Fed has implemented.

Source: http://discuss.epluribusmedia.net/node/961

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CreekDog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:14 AM
Response to Original message
10. well if i was free falling, even though it would not help
i would still flap my arms.

:shrug:
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Mr_Jefferson_24 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-17-08 10:32 AM
Response to Reply #10
11. I would too, and in fact, am flapping as hard as I can right now...
Edited on Mon Mar-17-08 10:43 AM by Mr_Jefferson_24
...I suppose this could bring new meaning to the term "flappers" which could be used interchangebly with the term "sheeple" to describe the U.S. masses at this point, as we do seem to be in free fall without a chute.


There were once flappers...





...and then of course now there is the new breed, us:








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