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Effective Demand
ParticipantI must not understand what all the hub-bub (yes, I said hub-bub) is about the article in the original post, it is quite simply a rehash and summary of the beige book comments. It doesn’t really try to add anything just summarize what the beige book release says.
Now you may disagree with the beige book but that isn’t the AP’s fault.
http://www.federalreserve.gov/FOMC/Beigebook/2009/20090909/default.htm
The article is just a complete rehash of the above.
ParticipantI must not understand what all the hub-bub (yes, I said hub-bub) is about the article in the original post, it is quite simply a rehash and summary of the beige book comments. It doesn’t really try to add anything just summarize what the beige book release says.
Now you may disagree with the beige book but that isn’t the AP’s fault.
http://www.federalreserve.gov/FOMC/Beigebook/2009/20090909/default.htm
The article is just a complete rehash of the above.
ParticipantI must not understand what all the hub-bub (yes, I said hub-bub) is about the article in the original post, it is quite simply a rehash and summary of the beige book comments. It doesn’t really try to add anything just summarize what the beige book release says.
Now you may disagree with the beige book but that isn’t the AP’s fault.
http://www.federalreserve.gov/FOMC/Beigebook/2009/20090909/default.htm
The article is just a complete rehash of the above.
ParticipantI must not understand what all the hub-bub (yes, I said hub-bub) is about the article in the original post, it is quite simply a rehash and summary of the beige book comments. It doesn’t really try to add anything just summarize what the beige book release says.
Now you may disagree with the beige book but that isn’t the AP’s fault.
http://www.federalreserve.gov/FOMC/Beigebook/2009/20090909/default.htm
The article is just a complete rehash of the above.
Participant[quote=BuyerWillEPB]@ Effective Demand.
The Fed is a Ponzi Scheme. The FDIC is out of funds. The Treasury Secretary thinks he is NOT a regulator (@16:00) and can’t even pay his own taxes…
And you think I’m the dupe?
Go back to your ‘love in’ at your california commune you shroom suckin’ left winger.[/quote]
A) Dupe, means duplicate post. Since we can’t erase posts I edited it and put Dupe in.
B) So if the Fed is a ponzi scheme why are you so proud you are protecting your US DOLLARS. After all they can print those at will.
As i pointed out before the FDIC insurance fund could be out of funds (they aren’t currently, the supposition is they could be in 2010) and that wouldn’t interfere with their ability to make good on bank deposits since they have a $100 billion LOC with the Treasury. Your opinion of the treasury secretary doesn’t change the fact that the FDIC still has the LOC.
Like i said, pulling your money out the bank make no sense having the opinions you clearly have. Dollars will be useless if what you think will happen, happens. Only guns, land, food and water would matter. Think nuclear winter or zombie apocalypse.
But yeah I’m the left wing hippy for pointing out, if your worried about what you are worried about… you are preparing for it wrong.
It is very hard (and expensive) to prepare for societal breakdown, since it hasn’t happened yet. Pulling money out of the bank really doesn’t do anything. I think reasonably prudent people can prepare for short stints (couple of weeks) of societal breakdown (earthquake, riots) and if something more happens well we are all screwed anyways.
Participant[quote=BuyerWillEPB]@ Effective Demand.
The Fed is a Ponzi Scheme. The FDIC is out of funds. The Treasury Secretary thinks he is NOT a regulator (@16:00) and can’t even pay his own taxes…
And you think I’m the dupe?
Go back to your ‘love in’ at your california commune you shroom suckin’ left winger.[/quote]
A) Dupe, means duplicate post. Since we can’t erase posts I edited it and put Dupe in.
B) So if the Fed is a ponzi scheme why are you so proud you are protecting your US DOLLARS. After all they can print those at will.
As i pointed out before the FDIC insurance fund could be out of funds (they aren’t currently, the supposition is they could be in 2010) and that wouldn’t interfere with their ability to make good on bank deposits since they have a $100 billion LOC with the Treasury. Your opinion of the treasury secretary doesn’t change the fact that the FDIC still has the LOC.
Like i said, pulling your money out the bank make no sense having the opinions you clearly have. Dollars will be useless if what you think will happen, happens. Only guns, land, food and water would matter. Think nuclear winter or zombie apocalypse.
But yeah I’m the left wing hippy for pointing out, if your worried about what you are worried about… you are preparing for it wrong.
It is very hard (and expensive) to prepare for societal breakdown, since it hasn’t happened yet. Pulling money out of the bank really doesn’t do anything. I think reasonably prudent people can prepare for short stints (couple of weeks) of societal breakdown (earthquake, riots) and if something more happens well we are all screwed anyways.
Participant[quote=BuyerWillEPB]@ Effective Demand.
The Fed is a Ponzi Scheme. The FDIC is out of funds. The Treasury Secretary thinks he is NOT a regulator (@16:00) and can’t even pay his own taxes…
And you think I’m the dupe?
Go back to your ‘love in’ at your california commune you shroom suckin’ left winger.[/quote]
A) Dupe, means duplicate post. Since we can’t erase posts I edited it and put Dupe in.
B) So if the Fed is a ponzi scheme why are you so proud you are protecting your US DOLLARS. After all they can print those at will.
As i pointed out before the FDIC insurance fund could be out of funds (they aren’t currently, the supposition is they could be in 2010) and that wouldn’t interfere with their ability to make good on bank deposits since they have a $100 billion LOC with the Treasury. Your opinion of the treasury secretary doesn’t change the fact that the FDIC still has the LOC.
Like i said, pulling your money out the bank make no sense having the opinions you clearly have. Dollars will be useless if what you think will happen, happens. Only guns, land, food and water would matter. Think nuclear winter or zombie apocalypse.
But yeah I’m the left wing hippy for pointing out, if your worried about what you are worried about… you are preparing for it wrong.
It is very hard (and expensive) to prepare for societal breakdown, since it hasn’t happened yet. Pulling money out of the bank really doesn’t do anything. I think reasonably prudent people can prepare for short stints (couple of weeks) of societal breakdown (earthquake, riots) and if something more happens well we are all screwed anyways.
Participant[quote=BuyerWillEPB]@ Effective Demand.
The Fed is a Ponzi Scheme. The FDIC is out of funds. The Treasury Secretary thinks he is NOT a regulator (@16:00) and can’t even pay his own taxes…
And you think I’m the dupe?
Go back to your ‘love in’ at your california commune you shroom suckin’ left winger.[/quote]
A) Dupe, means duplicate post. Since we can’t erase posts I edited it and put Dupe in.
B) So if the Fed is a ponzi scheme why are you so proud you are protecting your US DOLLARS. After all they can print those at will.
As i pointed out before the FDIC insurance fund could be out of funds (they aren’t currently, the supposition is they could be in 2010) and that wouldn’t interfere with their ability to make good on bank deposits since they have a $100 billion LOC with the Treasury. Your opinion of the treasury secretary doesn’t change the fact that the FDIC still has the LOC.
Like i said, pulling your money out the bank make no sense having the opinions you clearly have. Dollars will be useless if what you think will happen, happens. Only guns, land, food and water would matter. Think nuclear winter or zombie apocalypse.
But yeah I’m the left wing hippy for pointing out, if your worried about what you are worried about… you are preparing for it wrong.
It is very hard (and expensive) to prepare for societal breakdown, since it hasn’t happened yet. Pulling money out of the bank really doesn’t do anything. I think reasonably prudent people can prepare for short stints (couple of weeks) of societal breakdown (earthquake, riots) and if something more happens well we are all screwed anyways.
Participant[quote=BuyerWillEPB]@ Effective Demand.
The Fed is a Ponzi Scheme. The FDIC is out of funds. The Treasury Secretary thinks he is NOT a regulator (@16:00) and can’t even pay his own taxes…
And you think I’m the dupe?
Go back to your ‘love in’ at your california commune you shroom suckin’ left winger.[/quote]
A) Dupe, means duplicate post. Since we can’t erase posts I edited it and put Dupe in.
B) So if the Fed is a ponzi scheme why are you so proud you are protecting your US DOLLARS. After all they can print those at will.
As i pointed out before the FDIC insurance fund could be out of funds (they aren’t currently, the supposition is they could be in 2010) and that wouldn’t interfere with their ability to make good on bank deposits since they have a $100 billion LOC with the Treasury. Your opinion of the treasury secretary doesn’t change the fact that the FDIC still has the LOC.
Like i said, pulling your money out the bank make no sense having the opinions you clearly have. Dollars will be useless if what you think will happen, happens. Only guns, land, food and water would matter. Think nuclear winter or zombie apocalypse.
But yeah I’m the left wing hippy for pointing out, if your worried about what you are worried about… you are preparing for it wrong.
It is very hard (and expensive) to prepare for societal breakdown, since it hasn’t happened yet. Pulling money out of the bank really doesn’t do anything. I think reasonably prudent people can prepare for short stints (couple of weeks) of societal breakdown (earthquake, riots) and if something more happens well we are all screwed anyways.
ParticipantYou are most welcome. I like the way you think about the the buyer calling it in but if the 2nd sale was financed I bet a condition of the financing would be that the lien would have to be cleared up.
Here is the IRS link regarding how they would go about doing that:
http://www.irs.gov/pub/irs-pdf/p783.pdfThe seller would already have the money. It is the new lender or their title insurance which would have to come and clean up the mess.
ParticipantYou are most welcome. I like the way you think about the the buyer calling it in but if the 2nd sale was financed I bet a condition of the financing would be that the lien would have to be cleared up.
Here is the IRS link regarding how they would go about doing that:
http://www.irs.gov/pub/irs-pdf/p783.pdfThe seller would already have the money. It is the new lender or their title insurance which would have to come and clean up the mess.
ParticipantYou are most welcome. I like the way you think about the the buyer calling it in but if the 2nd sale was financed I bet a condition of the financing would be that the lien would have to be cleared up.
Here is the IRS link regarding how they would go about doing that:
http://www.irs.gov/pub/irs-pdf/p783.pdfThe seller would already have the money. It is the new lender or their title insurance which would have to come and clean up the mess.
ParticipantYou are most welcome. I like the way you think about the the buyer calling it in but if the 2nd sale was financed I bet a condition of the financing would be that the lien would have to be cleared up.
Here is the IRS link regarding how they would go about doing that:
http://www.irs.gov/pub/irs-pdf/p783.pdfThe seller would already have the money. It is the new lender or their title insurance which would have to come and clean up the mess.
ParticipantYou are most welcome. I like the way you think about the the buyer calling it in but if the 2nd sale was financed I bet a condition of the financing would be that the lien would have to be cleared up.
Here is the IRS link regarding how they would go about doing that:
http://www.irs.gov/pub/irs-pdf/p783.pdfThe seller would already have the money. It is the new lender or their title insurance which would have to come and clean up the mess.
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