Why does everyone call it the panic of '08?
http://money.cnn.com/2009/03/16/news/economy/panic08.fortune/
Only until you make sense.
That would only happen if I were to say the Fed is the greatest thing since sliced bread!
What's made up?
Something about improper FX trades.
How do you know there wasn't? Don't you think we need a complete audit of the Fed?
Rich guy is dead. Your point is still unclear.
Doesn't matter if he had a trust set up. Doesn't he have family?
Does the Constitution authorize the Fed to "coin money" and set the value thereof?
No.
Thanks for making my point, again.
Are they? Is money being coined? Value being set (however loosely)?
Duh, they're printing money out of "thin air" and driving the value of the dollar down over time.
Yes he did, after swearing before Congress that he would never, ever, QE.
When? Where?
Bernanke: Fed will not monetize the debt
No question, that was a bad one. So were the earlier ones, before the Fed, under the gold standard.
Is that why they call it the "Great One"?
O is trying to abolish the Fed?
No. O is also ignorant of banking and finance.
In other words, if he wasn't "ignorant of banking and finance", he'd be trying to abolish the Fed too?
In that case, it's too bad, as you say, he is so "ignorant of banking and finance"...
Don't you remember? So how much did GDP shrink?
How do you know there wasn't?
You made some claim about tiny ticks in huge FX trades. Do you have any proof that anyone traded improperly with some sort of inside info?
Doesn't matter if he had a trust set up. Doesn't he have family?
I have no idea. All I know is you posted a picture, I guess it was proof of something, and it ends up that estate, in the UK, was donated to something called the National Trust.
Thanks for making my point, again.
Your point was that the words "Federal Reserve Bank" weren't in the Constitution. Good point.
Bernanke: Fed will not monetize the debt
Thanks for the link.
One of the great fears of the dollar bears is that the Fed will buy Treasury securities with printed money. Bernanke vows the Fed will not do that.
Ummmmm....every time the Fed buys Treasury securities, they do it with printed money.
You need a better source.
In other words, if he wasn't "ignorant of banking and finance", he'd be trying to abolish the Fed too?
If he wasn't ignorant of banking and finance, he'd stop whining about banks not lending, while passing regulations that restrict the banks ability to lend.