Posted on 11/17/2012 8:43:05 AM PST by Renfield
Recovery after that was thwarted at that point by various policies including the Fed (as now) inflating. Quick deflation would have restored confidence in banks and gotten saving and lending working again. Adjustments in prices prior to the Great Depression were usually very quick thus recoveries were quick.
There's a quadrillion ways the banks manipulate the value of financial transactions and commodities. Here's a good article on the LIBOR scandal
Libor Woes Threaten to Turn Companies Off Syndicated Loans
Libor is calculated from a daily survey carried out for the British Bankers Association in London, in which the worlds biggest lenders are asked the rate theyre charged to borrow over a variety of short-term maturities in currencies including dollars, euros and yen. Banks are accused of massaging down submissions for the benchmark for $360 trillion of global securities during the financial crisis and artificially increasing them before it.
May the plantiffs' attorneys succeed in this!
On the other hand, what honest judge who values his life would want to take this case?
That's pretty much the pith of this scheme, when you boil it all down.
It is also the same sort of thing that drove both the dot-com and real estate bubbles....
With this dandy little manipulation, we are inexorably stripped of our liberty and property.
If anyone has any doubt that We the People are being systematically destroyed by the Obama Administration, this ought to dispel it.
Thanks for your insight, Renfield!
Yes! Banks want to hold lots of real estate. Sure way to book big profits. How's that been working?
This is why fractional reserve banking and the Federal Reserve were forced upon us
We've had fractional reserve banking as long as banks have taken deposits and loaned a portion of those deposits back out. Hundreds of years. Even under a gold/silver standard. It has nothing to do with the Fed.
Gave?
Recovery after that was thwarted at that point by various policies including the Fed (as now) inflating.
When did the Fed inflate?
Quick deflation would have restored confidence in banks and gotten saving and lending working again.
30% deflation wasn't enough? More would have been better?
It's even easier for an idiot lawyer to pull a number out of his ass. As in this case.
It works quite well for those with long-term perspective...and these people think very long term.
We've had fractional reserve banking as long as banks have taken deposits and loaned a portion of those deposits back out. Hundreds of years. Even under a gold/silver standard. It has nothing to do with the Fed. This scheme is old, and dates at least back to ancient Babylon. The fact that the Fed is only about 100 years old doesn't make this fraudulent confiscation of wealth any less fraudulent. The FED is just one in a series of tools used for theft. By the way, the same bloodlines are implicated all along the passing millenia. Babylon's banksters went to Rome, and then medieval Venice, thence to London, and on to New York.
Yes! Banks want to hold lots of real estate. Sure way to book big profits. How's that been working?
It works quite well for those with long-term perspective...and these people think very long term.
We've had fractional reserve banking as long as banks have taken deposits and loaned a portion of those deposits back out. Hundreds of years. Even under a gold/silver standard. It has nothing to do with the Fed.
This scheme is old, and dates at least back to ancient Babylon. The fact that the Fed is only about 100 years old doesn't make this fraudulent confiscation of wealth any less fraudulent. The FED is just one in a series of tools used for theft. By the way, the same bloodlines are implicated all along the passing millenia. Babylon's banksters went to Rome, and then medieval Venice, thence to
Beep!
Thanks for posting.
When banks need to increase their capital, now, holding money losing real estate doesn't work.
and these people think very long term.
Yes, taking massive losses on real estate is long term thinking. Not taking losses works better, quicker.
This scheme is old, and dates at least back to ancient Babylon.
Yes, banking is old. Not sure why you call it a scheme.
The fact that the Fed is only about 100 years old doesn't make this fraudulent confiscation of wealth any less fraudulent.
Banking is theft? Don't do it, tovarisch.
The FED is just one in a series of tools used for theft.
Don't blame theft when ignorance makes more sense.
LOL! That must be one HUGE A$$. See post #40: Largess? I do not think it means what you think it means.
Hmmm... Obama is money laundering??
30% deflation wasn't enough? More would have been better?
The Fed did various things to try to prevent deflation from 1930 to 1932 (as explained by Rlthbard) but that just prolonged the adjustment. The lengthening of the period of adjustment is what ultimately made the GD much worse. An undershoot (50%?) in prices would have quickly recovered in the subsequent recovery. Our large farming population could have weathered one season of low prices but not several in a row.
I think Jimmy Saville plays into this and Sandusky too, I think there is a vast group of elites that have no morals, they are beyond evil, they do not fear God, they know that this life and the power and material wealth they acquire from it is all they will ever have! They know that when they die, they will spend eternity in hell, so they indulge, and their cups run over with most vile, corrupt, immoral pursuits known to man!
My qualification for “repayment” is that the net:net, ie, that which we’d use in business.
And that is seen to still be negative, per the spreadsheet on the report’s page 3 (not that which you refer to as page 3, which is the third page in the .pdf file).
At the bottom of the spreadsheet, we see that we have $386.77 billion in cash back for $417.55 billion disbursed. ie, We’re still cash negative on the TARP program.
The clowns in DC who claim that we’ve recovered $X billion on our ‘investment in banks’ are playing a sleight-of-hand game here. It’s like some investor saying “Well, in the last three years, I’ve made huge gains on AAPL...” while said investor has been taking a bath on (insert name of industry here), but he’s not taken his losses yet.
To me, the TARP program was a failure in that it prevented capitalism from actually working - punishing the stupid with failure and causing capital to be re-allocated to people who don’t have their head up their posteriors. This failure is going to come back to bite us again... sooner rather than later.
There are a bunch of scandals/crimes coming to light now that are connected, and the elites are frantically trying to cover them up....they know that if one thread unravels the garment, they other threads will follow...and they will be exposed. The same small bunch of miscreants is involved in many crimes.
The people to whom I refer don't need to increase their capital. They already control most of it anyway. In any case, capital is just digits in a ledger. These folks control the ledgers.
Yes, taking massive losses on real estate is long term thinking. Not taking losses works better, quicker.
They didn't take losses. The taxpayers did. And the Banksters ended up with real assets.
Yes, banking is old. Not sure why you call it a scheme. You didn't pay attention to post #38, did you?
Banking is theft? Don't do it, tovarisch.
Manipulating interest rates and currency for the purpose of gaining control of assets at a fraction of their real value is indeed theft.
Don't blame theft when ignorance makes more sense.
The Banksters aren't ingnorant. They are fully informed, "read in", and very cunning. But their perfidy has caught up with them.
You don't, by any chance, work for the Federal Reserve,do you?
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