THE Federal Reserve Thread pt 1 (merged)

[galacticsurfer]

Thanks for the reality check Roccland.

Since FFs are money in a very real sense in a fiat economy then a certain amount of negative growth (Dieoff/population reduction) is inevitable after Peak FFs.

I find horror films distasteful however and do not wish to contemplate soylent burgers at the moment so that in such a thread I merely want to imagine a numerical solution to a crisis without blaming anyone or imputing evil motives to a certain warrior/banking class/caste.

So in the spirit of the current "talks" in Washington, what would be an egghead economist minimalist solution to the current crisis (leaving out PO and Mad Max for the moment)?

[Roccland]

What is the endgame here?

Transfer wealth to rich banking families. Dieoff. Enslave remaining.

But what they didn't plan on is a lone man, rising from the ashes like a phoneix, emerging after 15 years of bunker living to take them all out like Commando & becoming the new dictator of the world! They should have been more careful when they first heard of this seemingly innocuous fellow from their spies monitoring peakoil.com.

Actually - the lone ranger will quickly be exterminated.
One really does need to be thinking community building Narz...
Somehow I thought you were ahead of the curve on this one.
Some say a burnt bridge gives off the best light...
What do you think narz?...as he ponders passing through the southwest.

[Narz]

Bunker living seems to me to be the antithesis of community. Unless you've got enough space for all your neighbors.

I'm all for community building though good people are hard to find and harder to coalesce in a physical space (especially without money). I'm doing the best I can at the moment (hope to do better every following moment). It's much easier to buy flashlights & bulk grains, much harder to find good people.

I'm not pondering the SouthWest at the moment. I tried it (well kind of, Utah is more CentralWest) but I think right now that my best bet is to try to ultimately settle in the NorthEast but the time is not right for me to be here yet (it's complicated & I'm not going to get into it).

[Roccland]

It's much easier to buy flashlights & bulk grains, much harder to find good people.

All the more reason to avoid burning bridges.

[Cashmere]

The problem with the NWO explanation for everything is the following:
Why on earth would the bankers who run things, and who already are filthy rich, want to plunge the world into revolutionary chaos?
Of course they wouldn't. They had it perfect - compliant population, functioning economy, and so on.

Why would a GS banker or a Rothschild financier in the EU making 15 million a year exchange stable, functioning faux-democracy in which you can rape and pillage legally and safely, for proto-revolutionary cesspool of economic ruin in which every day becomes a challenge to keep the starving and revolutionary masses sedated, where the value of your investments/assets plummets because of worldwide economic collapse, and where you, the ruling elite, become a target. Makes no sense.

Occam's razor.What makes much more sense is a bunch of greedy bastards set the system up so that they could extract as much profit as possible in the shortest amount of time, damn the future. That's just plain human nature.

[Cloud9]

I concur; the last few years have been like some guy cleaning out the casino on the Titanic while the last life boat is pushing away.

[Narz]

All the more reason to avoid burning bridges.

You talkin' 'bout you & me baby? I thought you had thicker skin than that. Why would I want to spend the apocalypse with someone who can't handle a little ribbing & devil's advocating? I dare question your play by play breakdown of the breakdown & all of a sudden I'm a "sheeple". I hope you're not so hyper-sensitive in real life.

[Narz]

The problem with the NWO explanation for everything is the following:
Why on earth would the bankers who run things, and who already are filthy rich, want to plunge the world into revolutionary chaos? Of course they wouldn't. They had it perfect - compliant population, functioning economy, and so on.
Why would a GS banker or a Rothschild financier in the EU making 15 million a year exchange stable, functioning faux-democracy in which you can rape and pillage legally and safely, for proto-revolutionary cesspool of economic ruin in which every day becomes a challenge to keep the starving and revolutionary masses sedated, where the value of your investments/assets plummets because of worldwide economic collapse, and where you, the ruling elite, become a target. Makes no sense.
Occam's razor. What makes much more sense is a bunch of greedy bastards set the system up so that they could extract as much profit as possible in the shortest amount of time, damn the future. That's just plain human nature.

Well put. It makes people feel secure knowing they have a big brother watching them. Even if he's a bullying sociopath. It feels safer than realizing there is no certainty whatsoever & that even the highest of high (except POAlex's God of course ) know what's really going on.

[mattduke]

[shady28]

So much for the idea that the banks have plenty of reserves now.

Everything they have is borrowed.

[Jotapay]

Since they are no longer required to keep any reserves after the bailout legislation, this should be expected.

[Revi]

What happened to the "reserves"? Were they all wiped out by the stock market crash?

What does this mean?

[Snowrunner]

What does this mean?

That the Emperor is not only naked but he also skinned himself in order to look "better".

[vox_mundi]

That graph is from Sept. 1, 2008

St Louis Federal Reserve Data FRED

I think they dug the hole a few hundred billion dollars deeper by now.