More boogieman in the fed stuff :(<quoted text>You want to get rid of corporate welfare, which I do, you get rid of the fed.
GE gets access to the feds overnight window, which means they get 0 percent loans with bad collateral. Goldman get access to the window gets billions for zero percent, buys Treasury debt for 3% and makes millions on the difference, thats welfare !
How did the big banks make money so fast in a down economy......buying government debt with zero percent loans from the Federal Reserve.....to liquidate the markets...my ass. Corporate Welfare.
Yes, Jonny Boy, cut the empire. Draw down the wars, leave Korea and Japan and spend less.
But until we get rid of the fed we will have perpetual wars. We have had a boogey man ever since 1913. Different ones but the theme remains the same....BORROW for war, from the private owners of the federal reserve.
Geeesh, seems whenever we have a central bank we have wars, without the central bank we seem to enjoy peace.....HUH ?
Heres my question, JonnyBoy - Goldman paid a net 1% tax on billions of income in 09, how did that happen under a Democratically controlled federal government ?
"Geeesh, seems whenever we have a central bank we have wars, without the central bank we seem to enjoy peace.....HUH"
Really? So it was the central bank that caused the Spanish-American war? Mexican War? Civil War?
Well I thought Hearst and yellow journalism caused that thing in Cuba(kinda like Faux and Iraq?).
And unless I'm wrong, during those other 2, we had no central bank? BUT your cause and effect is WAY to simplistic.
Goldman? Democratically controlled government? I guess since it's Dem controlled also THAT is the reason we still have tax cuts for the rich?
No matter how simple you want to make it, government doesn't turn on a dime, it's like asking why since we have "ObamaCare" are their still people still dying BECAUSE of lack of health care!
If you WANT to debate great, but to constantly use strawmen and to reframe my words or intentions to anymore than what I stated is being intellectually dishonest!