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NUCLEARSPACE MESSAGE BOARD (ACTIVE) -> MEDIA, POLITICS & WAR -> FED RESERVE OFFICIAL WARNS Of SEVERE RISKS TO FINANCE
Post Info TOPIC: FED RESERVE OFFICIAL WARNS Of SEVERE RISKS TO FINANCE
NUKE ROCKY44


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FED RESERVE OFFICIAL WARNS Of SEVERE RISKS TO FINANCE
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Wow, even a Fed Reserve official is nervous of 'tainted' money, 'zeroed %' money hanging around too long.


The Federal Reserve is undertaking a "dangerous gamble" by keeping rates at near zero for so long, and must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.

 
"To be clear, I am not advocating a tight monetary policy," Kansas City Reserve Bank President Thomas Hoenig said in the text of a speech to the Lincoln, Nebraska, Chamber of Commerce. "I am advocating a policy that remains accommodative but slowly firms as the economy itself expands and moves toward more balance."

Hoenig has been the lone dissenter on the Fed's policy-setting panel, which on Tuesday repeated the U.S. central bank's pledge to keep interest rates extraordinarily low for an "extended period."
[Link]



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Bruce Behrhorst
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The US economy has been in danger ever since we've allowed ourselves to become indebted to China for about a $1 Trillion+

I would like to remain optimistic, but it is getting harder to be...





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androbot2084


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Here is my prescription for a thriving economy.

1. All loans are to be taken out and paid back at a zero percent interest rate.
2. All debt is forgiven and cancelled once every 7 years.
3. All foreclosed houses and even sold houses are to be returned debt free to the original owner once every 50 years.

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NUKE ROCKY44


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shadowstat.jpg
Interesting Economic data Shadow Stats. above graph is an indication of just how crazy pricing has been in the economy.

@ John William's Shadow Stats
http://www.shadowstats.com/article/hyperinflation-2010



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Bruce Behrhorst
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