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HR 1207: Bernanke's Worst Nightmare
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No, it's not a new strain of the Mexican Flu.
(Ron Paul on the House Floor, July 30th, 2009)
(Ron Paul on the House Floor, July 30th, 2009)
Jul 30, 2009 10:35 PM
Re: HR 1207: Bernanke's Worst Nightmare
If the Federal reserve were truly independent, and did not establish their monetary policy for political reasons, how is it possible that interest rates were set to zero at a time when the savings rate in America was barely over 1%?
When banks are under-capitalized; when borrowers are over-leveraged, that is precisely what should drive interest rates up.
When banks are under-capitalized; when borrowers are over-leveraged, that is precisely what should drive interest rates up.
By: poonhound
Re: HR 1207: Bernanke's Worst Nightmare
The USA is imploding. There's no way to evade the upcoming cataclysm for much longer. It'll be here soon.
Got to read Lot by Ward Moore again.
*howls*
By the way, when is the American Emperor going to invade Mexico? I take it Canada will follow in Austria's footsteps.
Got to read Lot by Ward Moore again.
*howls*
By the way, when is the American Emperor going to invade Mexico? I take it Canada will follow in Austria's footsteps.
