[xzins]

Gotta bookmark this one....something I agree with Stoessel on.

[rbg81]

It will never happen. Without the Fed, interest rates on the 10 year UST would be 10% right now. That would make the deficit unaffordable and the Government would have no choice but to spend less $$. Basically, it would be a second Great Depression, but maybe even greater because the bubble is a lot bigger.

The only thing saving our bacon is that every Western country is in the same boat. Basically, all countries of stature are industrialized with aging populations. Absent a huge technological breakthrough of some sort, there is nothing to stoke the growth rates of the past. We will just continue selling to each other and experience near zero or even declining growth (again, due to our aging population).

This also explains the push for immigration. Business interests are DESPERATE to import consumers to sell to. The fact that these newly minted consumers are Third Worlders who will change the culture and have to be put on the dole to buy stuff does not phase them. Why? Because the “taxpayer” will foot the bill, not them; they will just get the profit. The Elites think they will always be insulated from the consequences of their policies, no matter how destructive.

And, hey: they might be right.

[Nuc 1.1]

IMHO the fed has two objectives, to destroy capitalism by debasing the currency. Make money for bank esters.

[ThePatriotsFlag]

Please read: The Creature from Jekyll Island by Edward Griffin. The more people know about the Fed, how it was created over a week's time by real fat cats and bankers of that era (and all for their own profit and control), the easier it will be to end it. People don't really know what the Fed "is". You have to know what it is and how it was spawned to prepare to kill it. This is one of the most UN-American and un-Constitutional creations in US history. Knowledge is Power. And everything you need to know is in this book. Please, read the book. (e-book ready also).