All Forum Posts by: Account Closed

Originally posted by Jon Holdman:

Maybe, but faucets are nasty beasts. Not that difficult, if the sinks laying on a table upside down. Attached to the back of a sink, inside a cabinet? They can be a pain!

That does make me feel a little better. Both were a very tight under the sink job.

It took me about 8 hours to change the faucets in two bathrooms. That includes the trips to home depot, and spending time on Google learning how to unstick a rusted nut thingy. Yes, people like me had to use Google to remember WD-40.

It's possible I should not be picking up hammers.

Happy Thanksgiving everyone on BP!

I am grateful to be alive, for my family, friends, my health, my home...

I am grateful for the new friends I've met here. I am grateful to have found this high quality website.

Have a great turkey day... Or tofurkey day if you're one of those vegan thanksgiving dinner eaters.

Lee great post!
Thanks

Will, I am with you. I know you're not suggesting that you want the country to fail. As far as the CEOs getting bailed out, I felt the same way not long ago. The only difference is with my current perception it makes sense to me why they will get bailed out. We're not in a free market, it's a market controlled by a private banking cartel, one in which if there was no debt, there would be no money in circulation. That includes any federal reserve notes in your wallet right now.

With all my Fed rants lately I am not suggesting it's something we can change either. At least not for many years and through a lot of pain (which will happen no matter what)

I think Lee nailed it by taking it in the direction of -

"How can we get in on this Right now?"
In fact that is initially how I started studying so much about it.

Seller Financing!

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

-Thomas Jefferson

Congrats!

I am with Jack on his statement. I am also with mikeoh, and Krzysztof, and everyone else that basically sees an economic collapse eminent and necessary for real recovery.

Will, normally I'd be with you in letting them fail. However, I don't think the market will correct itself in our context. Perhaps if we did not have the Fed, and tied our currency back to gold instead of having a fiat currency. If we were in that context I think the market would correct itself, but I don't see how given our structure and fiat money.

Maybe short term we'll luck out and things will balance for a bit, but ultimately, every system similar to ours has collapsed in the past. The odds really are against us in the long run. The founding fathers would not have let a Fed (the way ours works) even exist. We veered off path.

From my perception - which I will admit is only that, and I am happy to be wrong - the bailout only prolongs the collapse. Without it the economy collapses sooner rather than later.

Originally posted by Lee Common:

Matty M

"Sarcasm" was the theme of the last post.

I've read the FED's yearly report. I have read their memorandum. I have called and spoke with board members myself.

& I can tell you in no uncertain terms that you are absolutly



CORRECT

That is hilarious. Thanks for clarifying. I hate when good sarcasm gets lost in text translation. I was a little confused as well without the sarcastic understanding, because I've been following most of your posts and I agree with you most of the time. And the times I do not agree with you seem mostly caused by the fact that I still have a lot to learn. In fact in posting my latest rants about the fed I mostly feel late to the party on a site like this - or like I am just stating the obvious to many people here. I am all gung-ho with my recently acquired knowledge :)

Originally posted by Lee Common:

That sounds like some kind of consipacy non-sense.

The institutions would not do something like that to the American people!

Of course not. The fed was created to help the people and create stability :)

Robert Kiyosaki recommends the book: "The Creature from Jekyll Island". I recommend it, too. Whether you believe the author of Creature or not, it's definitely a good read. It makes perfect sense.

I've never been much for the conspiracy theory stuff, and I have to agree with you; It does sound like a lot of conspiracy non-sense.

*How could that have ever passed?*

However, the facts of the conception of the Federal Reserve are not secret. It's all public data. My conclusion would be in agreement with the author. As would the conclusion of probably any Ron Paul advocate.

The big banks have it exactly right, not wrong:

The purpose of the federal reserve system is to protect the large member banks (those who conceived the fed) from competition and to preserve their profit margins. When the banks get in trouble, the purpose of the federal reserve is to pass on the losses of the banks to the taxpayers. This was planned by big banking competitors during the conception of the federal reserve system in 1910. This is a cartel, and in a lot of ways it appears to working exactly as it was intended. The purpose of any cartel is to protect its members and preserve its profit margins.