The Federal Reserve Tuesday lowered its target overnight benchmark interest rate to a range of zero to 0.25 percent, the latest in a series of unprecedented responses to the financial crisis. How do you think the central bank is doing under Chairman Ben Bernanke?
How would you rate the job the Federal Reserve is doing?
Tue Dec 16, 2008 5:03 PM EST
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The Fed's bail out crocked Morgage Companies and Banks. They let CEO's collect untold benefits. We need to completely restructure the Feds.
When are they going to realize that "Main Street" is what built this country and they would have been a lot better off to have given the 760 billion to the people and let them spend it. That is what drives the ecomomy. They can see that the "trickle down effect" is not working.
the way i see it is, we have about 300,000,000 people in the country. with the original "bail-out money" they could have given about a million dollars to each person to pay off mortgages, depts, and have plenty of money to keep spending to keep the system afloat. we could have been taxed on that money...and have plenty of money to pay the taxes with and everything would be just fine. that is if ALL the CEO's were locked up for embezzling all the profits. our current government has put it to all of us and now we're paying them and all the high-rollers that are in cahoots with them to do us in the rest of the way. it's the all time scam! thanks bush and company.
ummm... $760 billion (760,000,000,000) divided by 300 million (300,000,000) people is $2,533.33 for each of us.... not a million dollars each.
But I'd accept a $2,533.33 check anyhow.
Just thought I'd point out the math error.
it's not going to do any good to reduce the interest rate any lower. the people that keep the economy afloat are the average working stiff that is now out of work, broke, or just getting by. we don't have any money to spend because the high-rollers have already cleaned out our wallets. we can't get a loan for anything because we have no income to pay it back with. we can't drink the water because the vandals stole the handle and the well's gone dry. the feds need to get all the rich fat-cats to bring the money back, and they are not about to bail out this country.
The Fed is a group of private bankers (Morgans, Rothchilds, Warburgs, Rockafellers, etc.) making up a central bank which loans our government money at interest. The system is not only unmonitored and uncontrolled, it is also unconstitutional! Andrew Jackson abolished the first central bank and warned of allowing another one to take its place. I think Thomas Jefferson said it best:
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Read a history book you stupid Americans!!!!!
The Federal Reserve is a bank that "serves" the Queen of England, and the like. The I.R.S. is like the S.S., the "strong arm to keep us in fear", read your history.
Your S.S.I. taxes is like a "Big Ponzi" scheme, unless Obama, can let those taxes, go into a bank of our choosing, and used like a "credit card account", we will be, beholden to the slave "Master". This is our freedom, my idea seems, like a way to stop "Wars", on our dime, and drag us threw hell, with these angles that got their ass kicked to this forsaken place.
Happy Holliday's................
The Fed played a major role in this from the get go. And now with the "helter-skelter" package of solutions, they are simply making it worse. The reality is the "economy that produces nothing" is totally out of control on free money and the Fed keeps throwing more on the fire. If this were a family, any respectable financial advisor would be saying "get your spending under control, get rid of your debts, sell everything you can and learn to save". Unfortunately, we have "spending addicts" in control and they are making every effort to re-ignite the out of control behaviors of the last 2-3 decades. I'm getting on in years but you younger folks will pay for generations with higher taxes, an increasingly crumbling infrastructure and a lying, manipulative governmental/media structure while the money flows ever upwards into a financial elite. Good luck!!
Think about this, folks! If you are aware of the "One World Government" and their desire to "level the playing field", by bringing down the U.S.A to the levels of the lesser nations, they are well on their way of doing it. What they think they are going to gain beyond total control, I do not know.
By the way, I think Christanity is still the prevelant religion in this country so,
MERRY CHRISTMAS TO ALL!!!!!
These guys (the Federal Reserve (which is not a government organization - but part of the rich banking system) and the U.S. Treasury - Ben & Hank) either don't have a clue what they are doing or they do and are deliberately trying to bring down our country or both. Having them in charge at this time is like having the wolf guard the chicken coop. They were a good part of the cause of the problem and now they have to look like they are doing something to try to solve it, but all they are doing is driving this country deeper in debt and helping these greedsters continue on doing what they were doing before. No one is going to jail or being punished because of what they did. Must be nice. The goal is a one world government and they are doing the bidding of the PTB. Nothing happens unless they (PTB) want it to. Anyone who expects anything to be any different or that things will change with the change in Administration is just dreaming. No one gets to that position unless they are willing to continue the plan. These guys are globalists - they really don't care about this country or it's people. Yes, I agree, as individuals - we need to get rid of debt and live within our means, stock up on necessities - there is a rough road ahead.
Moneymasters,CFR,Bildebergs,Trilateral commission and all...am glad Americans are beginning to see the Ponzi scheme behind these evil impune monsters,they seek total control and outright domination and they are close to achieving it,they created this enormous monster to buy up all the land and property and enslave everyone,they will burn in hell!!!...The Fed is a deception and everyone should ask why a govt will borrow money when it can print its own money and control it since it has industrious citizens and lacks nothing except few resources like oil which it can buy and develop alternate sources,the main problem is that people have been dumbed down into not understanding the basic monetary system,which is a fiat system and simply a fraud!!!...wake up or die guys!!!
Gee let’s see… Bank now wants to loan me money and not only that but they are offering to pay me some money if I take out a loan at say a very low 3.5% interest rate for 15/30 years. WOW! What a great deal… nothing down… temporary money in my pocket… low 3.5% interest rate and 15/30 years to pay it back. Only thing is… Like 100’s of thousands now in the US, I don’t have a job any more nor is there one available in my local to where I can make enough money to feed my family let alone make payments on a low interest loans! So wouldn’t you think that creating more jobs would be a better “Bailout” solution to the problem??? You think… In spite of our current crisis Happy Holidays Everybody.
Oh ,less i forget guys,please see this videos on google/youtube and spread it to help others protect themselves...Century of the self,Money as debt,Zeitgeist:addendum,Moneymasters-How international Bankers got hold of America,Confessions of an Economic Hitman,Endgame and follow Alex Jones website...Gold help us all!!!
Wake up people!! we no longer control our own government!!
Globalist elites have taken over and are robbing us blind.
Things are just going to get worse.
...and you thought nazi germany and stalin's russia was bad, just wait....
All of you stop your whining and do something about your lives. I promise you the government is not out to get you, so stop blaming it for all of your problems. Instead, start taking responsibility for your actions and find a solution. America really has become a nation of whiners.
Simply put, Futile –
Zero tolerance should be towards the ethical and moral dilemma facing America while recognizing that there is not enough money on the face of this planet to stem the tide. When will there be forth coming from leadership (PE included) truth, honor and integrity while telling the people the truth as to what has befallen all of humankind? When will there be heard from the halls of Congress to the clergical pulpits of America and worldwide the reality of what was, is and is to come unless there is a positive change? The best of the worse is yet to come and no political scheme will change this fact! No amount of manipulation by federal, state and local government will halt this oncoming tide caused by among other things immorality and greed.
And before the foolish respond, yes, it has been however to say the least this transcends the intellect of humankind and its humanity’s ill-gotten efforts warranting global notification.
And before the foolish respond, yes, it has been however to say the least this transcends the intellect of humankind and its humanity’s ill-gotten efforts warranting global notification.
Total 2008 job loss: 2.6 million
Annual loss is biggest since the end of World War II. Payrolls shrink by 524,000 in December, and unemployment rate rises to 7.2%.
By David Goldman, CNNMoney.com staff writer
http://money.cnn.com/2009/01/09/news/economy/jobs_december/index.htm
Obama team plans bailout overhaul
President-elect's economic team considers the expansion of the $700B bailout beyond Wall Street.
By Jessica Yellin, CNN
January 9, 2009: 9:40 AM ET
http://money.cnn.com/2009/01/09/news/economy/bailout_overhaul/index.htm
A sobering look from humankind will not come about until recognition that there is but One God and apart from Him humankind nor its ‘questionable’ humanity can do nothing, absolutely nothing but fail. There are no stimulus packages that will ever supersede the fate of humankind brought upon it! There are no Presidential or Congressional mandates governing the Will of God or His prophetic Word that humankind and its humanity seeks to silence. However, there is something that can be done unfortunately humankind in its totality will never submit to doing because it would require admitting that humankind is not supreme!
However, if my people, who are called by my name, will humble themselves, pray, search for me, and turn from their evil ways, then I will hear [their prayer] from heaven, forgive their sins, and heal their country. – 2 Chronicles 7:14
Wherefore God also gave them up to uncleanness through the lusts of their own hearts, to dishonor their own bodies between themselves:
Who changed the truth of God into a lie, and worshipped and served the creature more than the Creator, who is blessed for ever. Amen.
For this cause God gave them up unto vile affections: for even their women did change the natural use into that which is against nature:
And likewise also the men, leaving the natural use of the woman, burned in their lust one towards another; men with men working that which is unseemly, and receiving in themselves that recompense of their error which was meet.
And even as they did not like to retain God in their knowledge, God gave them over to a reprobate mind, to do those things which are not convenient;
Being filled with all unrighteousness, fornication, wickedness, covetousness, maliciousness; full of envy, murder, debate, deceit, malignity; whisperers,
Backbiters, haters of God, despiteful, proud, boasters, inventors of evil things, disobedient to parents,
Without understanding, covenant breakers, without natural affection, implacable, unmerciful:
Who knowing the judgment of God, that they which commit such things are worthy of death, not only do the same, but have pleasure in them that do them. [Romans 1:24-32 cf. Leviticus 20 (vv. 9-21), Deuteronomy 22 (vv.5, 22), etc.]
However, if my people, who are called by my name, will humble themselves, pray, search for me, and turn from their evil ways, then I will hear [their prayer] from heaven, forgive their sins, and heal their country. – 2 Chronicles 7:14
No matter the argument, translation or interpretation the meaning remains the same!
“Although our iniquities testify against us, O LORD, act for Your name’s sake! Truly our apostasies have been many, we have sinned against You…why are You like a man dismayed, like a mighty man who cannot save? Yet You are in our midst, O LORD, and we are called by Your name; do not forsake us!” – Jeremiah 14:7-9
King James Bible
Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.
Bible in Basic English
Be not tricked; God is not made sport of: for whatever seed a man puts in, that will he get back as grain.
Young's Literal Translation
Be not led astray; God is not mocked; for what a man may sow -- that also he shall reap,
Geneva Study Bible
{6} Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.
(6) He commends liberality towards the poor, and first of all chides those who were not ashamed to pretend this and that, and all because they would not help their neighbours, as though they could deceive God. And afterward he compares alms to a spiritual sowing which will have a most plentiful harvest, so that it will be very profitable: and compares being a covetous miser to sowing carnally, from which nothing can be gathered but such things as fade away, and eventually perish.
People's New Testament
6:7 Be not deceived. Men often are.
God is not mocked. They do fancy that God may be mocked. The immutable law of the spiritual kingdom shows that he is not.
Whatsoever a man soweth, that shall he also reap. A law not only of the vegetable world, but of our bodies and spirits. Habit is only an illustration of this law. The delirium tremens on the one hand, and the purity of the aged saint on the other are due to the action of this law.
Geneva Study Bible
{6} Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.
(6) He commends liberality towards the poor, and first of all chides those who were not ashamed to pretend this and that, and all because they would not help their neighbours, as though they could deceive God. And afterward he compares alms to a spiritual sowing which will have a most plentiful harvest, so that it will be very profitable: and compares being a covetous miser to sowing carnally, from which nothing can be gathered but such things as fade away, and eventually perish.
People's New Testament
6:7 Be not deceived. Men often are.
God is not mocked. They do fancy that God may be mocked. The immutable law of the spiritual kingdom shows that he is not.
Whatsoever a man soweth, that shall he also reap. A law not only of the vegetable world, but of our bodies and spirits. Habit is only an illustration of this law. The delirium tremens on the one hand, and the purity of the aged saint on the other are due to the action of this law.