[split] Rabbi Skobac
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30-07-2015, 01:51 PM
RE: [split] Rabbi Skobac
(30-07-2015 11:48 AM)dimaniac Wrote:  
(30-07-2015 08:53 AM)Revenant77x Wrote:  If tomorrow all the Oil Companies disappeared then the economy would crash.
There is difference between economy and society. If oil companies disappeared than indeed economy would crash. But if banks failed than only society(working class) would crash but not economy.

I have read this 3 times and I have no idea what you're trying to say.

Let's try this from another angle: exactly what is your point. I have a bet with myself you're not going to be able to provide a coherent explanation, but just for grins let's give it a shot.

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30-07-2015, 02:53 PM
RE: [split] Rabbi Skobac
Dimaniac.... look at the first post in my thread here http://www.thethinkingatheist.com/forum/...ong-please and either read the information within the first link or watch the video series in the second link.

Sorry but some of what you state is wrong.

I feel so much, and yet I feel nothing.
I am a rock, I am the sky, the birds and the trees and everything beyond.
I am the wind, in the fields in which I roar. I am the water, in which I drown.
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30-07-2015, 03:58 PM
RE: [split] Rabbi Skobac
Some???

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30-07-2015, 06:09 PM
RE: [split] Rabbi Skobac
(30-07-2015 03:58 PM)BnW Wrote:  Some???

Yes.

Did the fed not make trillions of backdoor loans at either zero, or close to it, to many banks and corporations from 2010? I can only guess that maybe he is also refering to the federal funds rate, that is one of the most influential interest rates, which has been close to zero since 2008?

I dunno, im only self taught so I admit im not wise on every single little detail, but thats what it sounds like he is getting at or attempting to imply, at least to me anyway.

I feel so much, and yet I feel nothing.
I am a rock, I am the sky, the birds and the trees and everything beyond.
I am the wind, in the fields in which I roar. I am the water, in which I drown.
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30-07-2015, 08:07 PM
RE: [split] Rabbi Skobac
Possibly. There are no shortages of reasons to be unhappy with how the Fed operates. They have fueled two speculative bubbles the past 20 years and after the financial crisis they did everything they could to maintain the status quo. They were not alone in any of that, but they certainly played a major role. And, it's a legitimate grievance and one I share. I don't get the impression, however, that's what he's on about.

Well, I asked for clarification. Let's see if I get a coherent response.

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31-07-2015, 09:35 AM (This post was last modified: 31-07-2015 09:42 AM by dimaniac.)
RE: [split] Rabbi Skobac
(30-07-2015 02:53 PM)bemore Wrote:  Dimaniac.... look at the first post in my thread here http://www.thethinkingatheist.com/forum/...ong-please and either read the information within the first link or watch the video series in the second link.

Sorry but some of what you state is wrong.
I read article and watched videos
EVERYTHING I said is right.

Two things these guys got wrong
1 Expansion of credit/bank money is not limited only by mood of bankers. It also depends on mood of borrowers and interest rates set by central banks
2 Deposit insurance. Taxpayers won't pay anything to customers of failed commercial banks. Government will simply print cash and give it to customers.

I agree with them on everything else
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31-07-2015, 09:41 AM
RE: [split] Rabbi Skobac
(30-07-2015 01:51 PM)BnW Wrote:  Let's try this from another angle: exactly what is your point.
Banking system creates jobs.
To create jobs banks need cheap loans that they give to businesses that hire workers.
Governments suppress interest rates to make loans cheaper.
Current interest rates are incredibly low. Real/natural interest rates are much higher not 4-5% but 40-50%. This follows from huge amount of bank money(90% of money supply) that was created to keep interest rates low.
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31-07-2015, 09:56 AM
RE: [split] Rabbi Skobac
And? So you are proposing what, exactly?

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31-07-2015, 10:17 AM
RE: [split] Rabbi Skobac
(31-07-2015 09:56 AM)BnW Wrote:  And? So you are proposing what, exactly?
truth
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31-07-2015, 12:21 PM (This post was last modified: 31-07-2015 12:54 PM by BnW.)
RE: [split] Rabbi Skobac
What does that mean, truth? You want people to know their mortgage rates should be 50%? Or, you want a policy where mortgage rates are now 50%?

And, if it's the latter, what do you think is the real word impact of that?

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