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Originally Posted by wig
Sorry to hear about your son. This explains your position more so than the actual facts.
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The actual facts are the "proven scientist" who has been in the forefront of denying vaccination links to diseases was recently arrested for embezzling money intended for research.
Quote:
Originally Posted by wig
Oh, I think the science does a really good job at explaining evolution. You on the other hand, not so much.
But I'm curious, what do you believe? I mean, are you a Biblical creationist? Did God do it or what?
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I won't get into my beliefs. But I will say that the bible was created by man based on ancient mythology.
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Originally Posted by wig
So you now acknowledge that the figures are out there?? Good. Now explain exactly what monies are still not accounted for.
And really this goes back to what I said about politicizing the FED. In your view that just meant supporting politicians like Ron Paul to ask stupid questions. What I meant was the importance of FED independence.
You seem to be opposed to having a politically independent central bank, presumably you want a politically dependent one then??
I trust with your financial background you understand that FRB and what the Fed did during the crisis with Maiden Lane, etc. are two different subjects.
Or do you need me to explain FRB to you as well?
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Maiden Lane I, II, and III were where the initial funds were deposited and dispersed and also serve as holding companies for the "bad debts" (banker bets) purchased. The recipients received funds which were used as reserves which were also multiplied via FRB. The initial funds (700 billion) was multiplied into 10's of trillions.
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion (Update1)
NOTE $12.8 trillion is not 700 billion.
http://www.bloomberg.com/apps/news?p...d=armOzfkwtCA4
That was in 2009. Last official record it was around 28 trillion. But it's actually believed to be closer to 100 trillion. And it is said the criminals need 100 trillion more.
Which is why the cost of everything is shooting through the roof for you and I, but when you ask them there is no inflation.