The Fed Is The Great Deceiver

Discussion in 'Politics' started by poncho, May 13, 2014.

  1. poncho

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    The Great Deceiver — The Federal Reserve

    Paul Craig Roberts and Dave Kranzler

    Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

    From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.

    Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?

    No, Belgium’s trade and current accounts are in deficit.

    Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?

    No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.

    So where did the $141.2 billion come from?

    Read More At: http://www.paulcraigroberts.org/2014/05/12/fed-great-deceiver-paul-craig-roberts/
     
  2. InTheLight

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    Classic radio talk show host technique of asking leading questions in an attempt to instill suspicion.
     
  3. poncho

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  4. InTheLight

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  5. poncho

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    Gold and Economic Freedom

    by Alan Greenspan

    Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.

    An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

    In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.

    Read More At: http://www.constitution.org/mon/greenspan_gold.htm
     
  6. InTheLight

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    So now this thread has derailed into a thread about the gold standard? And cites a 48 year old newsletter article?
     
  7. poncho

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  8. poncho

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    When The Real Cost is Hidden, Making Good Decisions Is Impossible

    When good decisions are no longer possible, bad decisions are inevitable.

    If we had to summarize the response of the Federal government and the Federal Reserve to the structural financial crisis of 2008-2009, we could say that both institutions went all-in to obscure the real price of credit and capital.

    The real cost of credit and capital is discovered by open, transparent markets. When a central bank sets the price of credit, it destroys the market’s price-discovery process. When the government subsidizes certain types of credit, for example, home mortgages and “cash for clunkers” auto loans, it destroys the market’s price-discovery process.

    This distorts not just the price of credit, but the price of everything purchased with credit. This is the origin of bubbles, and of the resulting busts.

    The state and central bank manipulate the price of money (credit and capital) to incentivize decisions that the state and bank want people to make. The state and central bank want people to consume more to prop up a dysfunctional economy, and since most people don’t have the cash to consumer more, the state and Federal Reserve want people to go further into debt, as this is the only way people can buy more stuff.

    Read More At: http://www.washingtonsblog.com/2014/05/real-cost-hidden-making-good-decisions-impossible.html
     
  9. Sapper Woody

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    I can't keep silent any longer, ITL. Over the past week all I've seen from you is hatred and hypocrisy. You make an attempt at derailing so many of Poncho's threads, and then when he deviates slightly from a topic, you derail whatever thread that is by saying "attempt to derail thread noted". And this past week, almost all of his replies have been to ignore you and move on. Not all, but close to it. Get over yourself. You are both Christian brothers, and belittling yourself and the name of Christ in this fashion is detestable. Whatever differences you've had in the past, put them in the past.

    I can't count the number of times I've quit reading a thread because it became a "bash Poncho" thread by you and a couple others. It gets old after the first 10 or so.

    I also disagree with a lot he says. Poncho and I have gone back and forth in PMs before. And that's exactly what you should be doing if you have such a big problem with him. You are rubbing the name of Christ in the dirt publicly with this type of behavior.

    I know Poncho can be abrasive by his very insistent and constant nature. I know he's gotten into it with people in the past; he's not innocent by any means. But I challenge you to look back this past week and count how many times you were the instigator. I would wager it's above 75%.

    Please, before you respond, I ask you to do a self search and discover whether your anger is directed appropriately.

    To Poncho: my apologies for this OT rant. It won't happen again.
     
  10. InTheLight

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    Strange, but when I look back on Poncho's threads I'm the only one that seems to actually address the subject matter.

    "Attempt to derail thread noted" is not bashing Poncho. It's simply stating a fact. Poncho has a monomaniacal posting style--international bankers and the US government is responsible for most of the world's ills. He will attmept to turn almost any thread in Politics into this subject matter. Perhaps you should go back and read some threads and observe this behavior.

    I won't PM with him because I think newbies and others on BB need to know that his political viewpoints and theories are off the wall. A silence on this matters could be viewed as tacit approval.

    I respectfully disagree. How am I rubbing the name of Christ in the dirt when I point out that Poncho's ideas are wacko. BTW, did you read these posts? Who is rubbing the name of Christ in the dirt?:

    http://www.baptistboard.com/showpost.php?p=2109995&postcount=26

    http://www.baptistboard.com/showpost.php?p=2110002&postcount=29
    Here is what Poncho said to Jordan Kurdecki when Jordan said the way to change the world is to win them to Christ and not post conspiracy theories: Look if you want to be a spineless mindless jellyfish and watch while someone else fights your battles for you fine go stand on the sidelines and watch and count your lucky stars Jesus doesn't come down here and kick your but for working with the enemy to turn His people into a gaggle of whimpering enslaved cowards.

    elsewhere:
    Not that the mods here actually care about enforcing the rules or anything but just because it irks them to have to actually do some work. They're awful grouchy when they get woke up from their nap.

    and you say I'm bashing Poncho?

    Sorry, but "attempt to derail thread noted" is not instigating anything. Also, saying, "unsubstantiated allegation" and/or "that is question begging" is not instigating. Posting things like "The False East/West Paradigm Hides the Rise of Global Currency" is certainly provocative and instigating.

    Oh, it is.
     
    #10 InTheLight, May 14, 2014
    Last edited by a moderator: May 14, 2014
  11. Sapper Woody

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    Firstly, ITL, I apologize to you. After re-reading my post, it came off a lot more venemous than I had intended. I am on a computer instead of my phone now, and so should be able to articulate what I mean a little better.

    Poncho indeed posts a lot of the same over and again. I agree. I also have noticed how he can turn any political discussion into what to us seems to be inane ramblings. But he believes that he is getting at the root of the problem, which is staying on topic. (Feel free to correct me if I'm wrong, Poncho.) What happens is that he will post something, and then someone will poke fun at him, totally derailing the thread instead of just altering its course. And then it gets worse as the poking continues, until the original thread is lost completely.

    That's actually why I decided to post publicly instead of PMing you. I believe that your actions are just as wrong, and possibly even moreso, and it's been public for all to see. That's why I am addressing what I view as inappropriate publicly. I cannot fault you for wanting everyone to see what you perceive as logical fallacies, or conspiracy theories, or what-have-you. I just believe that you're going about it in the wrong way.

    I did read that thread. I read it closely. And while the verbage was harsher than I'd have personally used, I agree with Poncho there. I don't agree with his viewpoints, but I agree that if you see America heading down the drain, to just sit there and do nothing is cowardice. If you notice, this took place after the thread was derailed horribly by Jordan. As for the mods, I am not a mod. But if I were, anytime I saw "Attempt to derail thread noted" was the only text in a post, I'd instantly delete it when I saw it. Because it only adds to the derailment, instead of helping keep it on track. Then, after deleting it, I'd check to see if the thread it referred to was on topic or not, and take appropriate action. The mods are all busy, I understand; and they can't play babysitter. But it does seem that a lot of the "bash Poncho" sidelines go unchecked by them, even though they're clearly off topic. I can understand Poncho's frustration.

    I disagree wholeheartedly here. It is very instigating, given the animosity between you two.
    Calling someone on a fallacy is not instigating, per se. But ONLY saying that definitely is. It's an attitude thing. Also, not good debate/discussion.

    Brother, I can't know your heart. Maybe it is in the right place. But on the surface it seems that what started off as debunking Poncho's ideas became hounding Poncho himself and targeting everything he says.

    I'm just sick of all the animosity on the board. It's not good discussion, it's not good debate, and it's not good fellowship.
     
  12. InTheLight

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    I'll take what you've said to heart. I have been reacting to him quite a bit lately. I grew up in a household that was into quite a bit of these conspiracy theories and when I thoroughly examined them I found them wanting. They breed a spirit of fear and paranoia for the future, and as Christians we ought to know better. That might be why I object to those sorts of posts so much.

    Yes, there is an edge on this board and yes, I do contribute to it at times. I apologize.
     
  13. poncho

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    For some reason there are a few here that have decided that they write the rules and don't have to follow BB rules or even their own rules they've tried to force on me and yes even some others here as well.

    As you've noted I have been hounded lately by three or four people for "attempting to derail threads" by the very same people who have succeeded in purposely derailing a number of my threads in the most hostile and infantile ways possible.

    The mods here have been informed behind the scenes and in public about this on numerous occasions by more people than just myself. What action did they take?

    I was given an "infraction" for calling a hypocrite a hypocrite! :laugh:

    My conclusion since then has been the Baptist Board moderators not only condone all the blatant hypocrisy that suddenly showed up here last April they actually encourage it by not putting an end to it and instead punishing those who have called their attention to it. They aren't to busy to address this problem. They just ignore it and by doing so have made themselves complicit in it. I've come to realize that there are very few people here who have any courage or sense of right and wrong anymore.

    I have lost all respect for the mod who informed me that I earned an infraction for stating the plain truth about another poster who has proved my accusation to be 100% correct time and again.

    Hypocrisy is an accepted practice on Baptist Board now. And some even think it's "cute" to go along with it. And you know the really sad part about that Sapper? The people here including the mods seem to like it that way.

    Either that or they're so afraid of being treating the same would be in store for them if they stand up to these guys that have sunk to such a depth of hypocrisy and infantile behavior they make a six grade school yard bully look like a model citizen. And all these good Christians wonder why there are so many empty pews on Sunday morning and why immorality is spreading like wildfire.

    I can only assume they either lack courage or believe as Jordan does . . . "there's nothing they can do about it" so why try.

    You are only one of two or maybe three here brave enough to speak out against this development.

    Thank you.
     
    #13 poncho, May 15, 2014
    Last edited by a moderator: May 15, 2014
  14. poncho

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    Hmmm, I find this rather interesting. The mods here are "to busy" to end months of blatantly hypocritical and hostile personal attacks and thread derailments but are "johnny on the spot" to close a thread (within ten minutes) for much less.
     
    #14 poncho, May 17, 2014
    Last edited by a moderator: May 17, 2014
  15. poncho

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    Bump . . .
     

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