Fed officials weigh in on economy's weakness

Applying labels to potential,solutions doesn't instill confidence and it doesn't inspire people. It serves only to alienate. Let's just do what is right and what makes sense. The problem is what to do. The Fed and the Treasury are apparently not equpped to rescuing the economy. Suffice to say that without a captain at the wheel, the economic ship has run aground. Now, Paulsen and others are trying to pry the ship loose.

JOE:  I didn't invent these labels or ideology.  Typical of midddle classes, too lazy to think, they first deny terminology, ideology, then they pollute the social movements and social ideology with deformations that do not belong to the original version, and when all that no longer works, they run away from their own terminology, ideology, and class outcome is theirs which they created.

I like that deal.

Maybe the banks that we bailed out should pay us to borrow our money from them.

I took a lot of mine out and put it in my fire-proof/water-proof safe. I sleep better at night now.

japan did that a coupel years ago.
and they have had 0% for about a decade
and yes that means you get interest for borrowing
but with their rate of inflation it wasnt exactly free money..
the deal made it so that japanese banks had to pay other bansk when they held heir money cause none of the banks could trust each others solvency.. er sorta like here.

But really our true interest rate has been negative.. you take the nomial and subtract out inflation.

pretty sure this month it is back above zero do to recent price drops

but it isnt unlikely we will do the same thing and have a negative nominal.

In a similar seed by Miller, on the evils of Socialism, I pointed out how clueless we are when it comes to terminology, and the history of ideologies:

"I have always said that Americans, especially its middle classes, have a long history of ignoring terminology, ideology, history, and therefore always deform social movements, social ideologies.   We saw just how stupid the McCain-Palin reactionaries were when they tried to pin both the label, Marxism and Muslim on Obama, the same way the fascists in Nazi Germany tried to label Jews as both Capitalist Bankers and Marxist.

Middle class deformation of ideology is so pervasive, in America, labels and ideology are both ignored, yet thrown around like the Fascists of Corporate Americans themselves.  Using your logic the Military is socialist, the Public Police and Firemen are socialist when in fact they are social institutions in the service of class power and class regimes.

I WOULD HARDLY CALL THE PENTAGON, "SOCIALIST", "MARXIST" but socialism for the rich or corporate socialism is in fact Hitlers corporate fascism.   The PENTAGON can be described as corporate fascists, but definitely not socialist."

rider-your 100% correct! The Federal Reserve is owned by Private Banks, mostly foreign. Most Americans don't have a clue!

Your kidding me.....

your saying, that the FED is not a "american(USA)" based reserve?

where do I find infomation on this?

Yes independent voter-512572 is correct.

Watch the film/documentary called 'From Freedom to Facism" it is a real eye opener.

AfricanMadman-go to http://www.save-a-patriot.org/files/view/whofed.html. I advise you and everyone else to read G. E. Griffin's book entitled The Creature from Jekyll Island, and watch Aaron Russo's documentary Freedom to Fascism.

The fact that our government pays $500 Billion in interest yearly due to the money it borrows from the Fed is sickening! It kills the middle class with inflation. Congress has the authority to create and control our monetary policy and not pay interest to a private entity, but it chooses not too! That is why this is not a partison issue....both parties are to blame for allowing this fleecing to continue! And yet our leaders continue to throw more funny money at the problem.

I gave the DVD 'From Freedom to Facism" as holiday gifts last year and plan to do the same this year. Every person commented back to me about the documentary and most wondered why they had not heard these things before. One of the recipients is a highly educated engineer who also has a background in municipal budgeting and he now recommends the film to other's.

Not a bad idea! The only way to change anything in this country is to educate as many people as possible!

Exactly right. Because we won't hear these things from the dinosaur media.

I'm participating in the End the Fed Rally in DC on November 22. There will be rallies going on simultaneously in 38 major cities throughout the country! Check it out!

Sounds Good..I will.

well sorta.. it is private but more like a GSE as we do appoint the chairman.. you know like berneke. but otherwise we are mostly hands off as to what they do.. they can print money all they want.

JoulesBeef-your correct that the President appoints the chairman. But......the President can only choose someone from a list that the banks provide for him!! The banks have the ultimate say! It is not like a GSE!

I agree! Especially after watching the bumbling/pompous members of congress ask their off -the- wall 'insightfully void' questions.

what question are that?

RIGHT!

Give it to the poeple who DO give back to the jobs and the poeple.....