Revealing banks using emergency funding would destroy U.S. economic system, Fed warns - Polidicks

[QUOTE=PvtCupcakes;17029302]Yeah, lets give a group of unelected people the power to create all the money they want.[/QUOTE] This, I hate the Federal Reserve.

you want the truth? WELL YOU CAN'T HANDLE THE TRUTH!

How the United States ( and Canadian) economy work: In the United states, there is a man named Rockefeller. He makes money ( literally). The government gets money from Mr.Rockefeller + Interest ( 1.3 % or something, not exactly sure). So each year the government requests x amount of money. With that money they pay for everything, including Mr.Rockefeller. However if you hadn't figured it out yet, the government needs more and more money each year (enough to pay everything + the amount they owe Rockefeller) And you thought the economy was stable. America: land of the fee.

[QUOTE=JohnnyMo1;17028372]FYI, a good amount of how the economy is doing is controlled by consumer and investor expectations. If people think the economy is doing shitty, it's going to get shittier. If people think it's doing fine, it may still be shitty, but it will likely slow or reverse the rate of shittiness increase. So really they're right.[/QUOTE] I try explaining this to people but they always think it's an external force that's either punishing or pushing our economy. It's as if people think they have no say in how the country operates.

[QUOTE=sulokadabi;17031645]How the United States ( and Canadian) economy work: In the United states, there is a man named Rockefeller. He makes money ( literally). The government gets money from Mr.Rockefeller + Interest ( 1.3 % or something, not exactly sure). So each year the government requests x amount of money. With that money they pay for everything, including Mr.Rockefeller. However if you hadn't figured it out yet, the government needs more and more money each year (enough to pay everything + the amount they owe Rockefeller) And you thought the economy was stable. America: land of the fee.[/QUOTE] uhhhh ????

[QUOTE=Wordsworth;17027769]It's all a Commie plot to ruin our Economy, that's why we can't tell anyone. [editline]02:42PM[/editline] The Russians did it.[/QUOTE] Commies wouldn't have to ruin your economy. If you were to pay back your debt the US would have the same GNP as Somalia.

[url]http://video.google.com/videoplay?docid=-515319560256183936&ei=9vOaSv6MFNX5lQfwt4jODw&q=money+masters&hl=en&client=firefox-a[/url] Saw this a while back in school, relevant. [editline]05:55PM[/editline] Warning: 3 Hours long.

If America goes broke then china will become the new superpower....think about it it was on wikipedia.

[QUOTE=Lol wut?;17032150]If America goes broke then china will become the new superpower....think about it it was on wikipedia.[/QUOTE] the American government is already trillions of dollars in debt, it's broke. If you mean the average American, who will buy their cheap shit they export? The worlds economy is dependent upon the American one, If America sneezes, the world catches a cold.

Please stop making threads with these retarded titles you guys Just describe the news story and let people make up their minds on their own

If you wanna be taken seriously, use a serious news source.

[QUOTE=Used Car Salesman;17038128]If you wanna be taken seriously, use a serious news source.[/QUOTE] Like what? Fox News? [I]The Sun?[/I]

[QUOTE=*Freezorg*;17039273]Like what? Fox News? [I]The Sun?[/I][/QUOTE] What about the CNN? Reuters? Huh what about Reuters? News corp, maybe?

[QUOTE=MR-X;17028760]If people lose confidence after seeing those documents it would possibly ruin the economy even more. People would stop buying, lending, or spending money and not trust the companies. Which would in return cause the companies to fall and create even more deficits. But that being said, people deserve to know what big companies are doing. It could easily go good or bad, but if companies don't want the info to be seen - that shows they don't trust the consumers, so why should the consumers trust the companies?[/QUOTE] Problems don't get fixed if nobody knows what the problem is. So yes, the economy could get worse if people found out what's going on, but then there a chance to fix the problem. If nobody knows that the Federal Reserve is the source of the problem or whatever, it won't get fixed.

[QUOTE=*Freezorg*;17039273]Like what? Fox News? [I]The Sun?[/I][/QUOTE] Associated Press. That's an actual news source, not some shit a few people slapped up on a website.