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Thread: Greenspan says Fed need to now worry about inflation

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  1. December 13, 2009, 01:43 PM #1
    ginge51
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    Default Greenspan says Fed need to now worry about inflation

    WASHINGTON (Reuters) - The U.S. Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the stimulus it poured into the economy, former Fed Chairman Alan Greenspan said on Sunday.

    Barack Obama

    "I think the Fed has done an extraordinary job and it's done a huge amount (to bolster employment). There's just so much monetary policy and the central bank can do. And I think they've gone to their limits, at this particular stage," Greenspan said on NBC's "Meet the Press."
    http://www.reuters.com/article/idUSTRE5BC1C220091213

    This stinks of corruptness.
    Everyone is loosing there jobs.
    He goes on in that article like the bailout money has helped Americans?
    How?
    It has all gone to big corporations.
    Not the small town village shop or home owners in need.
    I smell uprisings soon.
    Last edited by Viking Prince; December 13, 2009 at 03:32 PM. Reason: title
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  2. December 13, 2009, 01:48 PM #2
    s.rwitt
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    God, just stop it. "Uprisings"? Are we going to swarm and lynch the entire White House staff or retreat into the woods and fight a war of attrition?
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  3. December 13, 2009, 02:15 PM #3
    ginge51
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by s.rwitt View Post
    God, just stop it. "Uprisings"? Are we going to swarm and lynch the entire White House staff or retreat into the woods and fight a war of attrition?
    Agreed.
    I shouldn't of said that really, but no one can deny people are getting the piss taken out of them.
    There's only so much they can take, uprisings are not good, but when they are not getting listened to.
    Sometimes that is the only option.
    Like look at the wars and the ressession today?
    Wouldn't stoping the wars and nation building go a long way in stopping what is happening at home?
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  4. December 13, 2009, 01:54 PM #4
    Enemy of the State
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Ah , the Federal Reserve CAUSED this crisis, and now they're acting like they're the heroes?!
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  5. December 13, 2009, 02:13 PM #5
    Kjertesvein
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by s.rwitt View Post
    Are we going to swarm and lynch the entire White House staff or retreat into the woods and fight a war of attrition?
    Why not`?
    Thorolf was thus armed. Then Thorolf became so furious that he cast his shield on his back, and, grasping his halberd with both hands, bounded forward dealing cut and thrust on either side. Men sprang away from him both ways, but he slew many. Thus he cleared the way forward to earl Hring's standard, and then nothing could stop him. He slew the man who bore the earl's standard, and cut down the standard-pole. After that he lunged with his halberd at the earl's breast, driving it right through mail and body, so that it came out at the shoulders; and he lifted him up on the halberd over his head, and planted the butt-end in the ground. There on the weapon the earl breathed out his life in sight of all, both friends and foes. [...] 53, Egil's Saga
    I must tell you here of some amusing tricks the Comte d'Eu played on us. I had made a sort of house for myself in which my knights and I used to eat, sitting so as to get the light from the door, which, as it happened, faced the Comte d'Eu's quarters. The count, who was a very ingenious fellow, had rigged up a miniature ballistic machine with which he could throw stones into my tent. He would watch us as we were having our meal, adjust his machine to suit the length of our table, and then let fly at us, breaking our pots and glasses.
    - The pranks played on the knight Jean de Joinville, 1249, 7th crusade.













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  6. December 13, 2009, 02:23 PM #6
    HIC SVNT LEONES
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    What you're talking about is treason. Treason is a bad thing to do.
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  7. December 13, 2009, 02:32 PM #7
    ginge51
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by HIC SVNT LEONES View Post
    What you're talking about is treason. Treason is a bad thing to do.
    Agreed.
    Last edited by ginge51; December 13, 2009 at 02:35 PM.
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  8. December 13, 2009, 02:38 PM #8
    Lonck
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by HIC SVNT LEONES View Post
    What you're talking about is treason. Treason is a bad thing to do.
    the people have the right to topple the government if it's behaving badly.
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  9. December 13, 2009, 02:56 PM #9
    Nevins
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by Lonck View Post
    the people have the right to topple the government if it's behaving badly.
    They do so with their votes, not with weapons.
    Client of the honorable Gertrudius!
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  10. December 14, 2009, 02:47 PM #10
    Big War Bird
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Quote Originally Posted by HIC SVNT LEONES View Post
    What you're talking about is treason. Treason is a bad thing to do.
    No actually that is rebellion.
    As a teenager, I was taken to various houses and flats above takeaways in the north of England, to be beaten, tortured and raped over 100 times. I was called a “white slag” and “white ****” as they beat me.

    -Ella Hill
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  11. December 13, 2009, 02:36 PM #11
    s.rwitt
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    Why not`?
    Why not what? It was a question between two choices.
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  12. December 13, 2009, 02:39 PM #12
    s.rwitt
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    If it's oppressing them.
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  13. December 14, 2009, 08:09 AM #13
    Enemy of the State
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    Default Re: * Most Popular * Most Shared 1. Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 2. Thailand to charge plane crew over North Korean arms 5:50am EST 3. Google to produce, sell own "Nexus One&

    What you're talking about is treason. Treason is a bad thing to do.
    So you'd do whatever the state says?

    Heh, the Fed acting foolishly hardly justifies the right of revolution being used anyway. Not yet, not yet.

    They do so with their votes, not with weapons.
    Hah, as if voting actually changed anything. People do have a right to overthrow their government if they feel like it. The US was founded because of this.
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  14. December 13, 2009, 04:41 PM #14
    Valiant Champion
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    Default Re: Greenspan says Fed need to now worry about inflation

    If he is stating that it is time to raise interest rates than I don't see a problem. Interest rates are linked to the yield on treasury notes if I am not mistaken. A higher yield would make US notes more attractive to buy and the value of the dollar to increase.

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  15. December 13, 2009, 04:42 PM #15
    JP226
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    Default Re: Greenspan says Fed need to now worry about inflation

    Fed should have been worrying about inflation from the beginning, but Greenspan is right. THis whole asset bubble to stave of recession is and has always been wrong.
    Sure I've been called a xenophobe, but the truth is Im not. I honestly feel that America is the best country and all other countries aren't as good. That used to be called patriotism.
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  16. December 13, 2009, 09:49 PM #16
    Admiral Piett
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    Default Re: Greenspan says Fed need to now worry about inflation

    Why is this guy still relevant after all he's left us with?
    Heir to Noble Savage in the Imperial House of Wilpuri
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  17. December 14, 2009, 03:11 PM #17
    HIC SVNT LEONES
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    Default Re: Greenspan says Fed need to now worry about inflation

    Rebellion is treason.
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  18. December 14, 2009, 03:23 PM #18
    Erik
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    Default Re: Greenspan says Fed need to now worry about inflation

    Greenspan has already shown he doesn't know the first thing about economics or the monetary system.

    It would be best if he just shut his mouth and leave the thinking to the experts.


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  19. December 14, 2009, 07:24 PM #19
    BNS
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    Default Re: Greenspan says Fed need to now worry about inflation

    Oh great now is when he's concerned with the Fed's monetary policy. You know Greenspan, Bernanke is only doing what you did in a similar situation a few years ago.


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  20. December 14, 2009, 09:46 PM #20
    Legionem Insanis
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    Default Re: Greenspan says Fed need to now worry about inflation

    On the subject of revolution, what is really needed now is a shareholder revolution.
    We can't continue to let corp. execs give themselves billions of dollars in bonuses after destroying their own companies and the world economy.
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