Comments on: Is the Fed running the U.S. economy into the ground? http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/ Christian Personal Finance - Financial help, debt help and other financial resources Sat, 21 Nov 2009 05:30:02 -0600 hourly 1 By: Danny Rogers http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-13770 Danny Rogers Fri, 03 Jul 2009 19:44:04 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-13770 The bottom line is that everything that O'Bama is proposing is designed to push the United States further and further toward total government control (socialism). And this is another means of doing just that. The bottom line is that everything that O’Bama is proposing is designed to push the United States further and further toward total government control (socialism). And this is another means of doing just that.

]]> By: Rich Life Carnival #33 | Rich Life Equals Better Life http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-10028 Rich Life Carnival #33 | Rich Life Equals Better Life Mon, 23 Feb 2009 06:15:15 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-10028 [...] presents Is the Fed running the U.S. economy into the ground? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This is quite an [...] [...] presents Is the Fed running the U.S. economy into the ground? posted at Money in the Bible | Christian Personal Finance Blog, saying, “This is quite an [...]

]]> By: Tim Huegerich http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9705 Tim Huegerich Sat, 07 Feb 2009 22:02:34 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9705 Ok, here's an article (click my name) that explains what this is really all about. It acknowledges the possibility of inflation but explains why the situation is not so outrageous or simplistic as Bech puts it. Ok, here’s an article (click my name) that explains what this is really all about. It acknowledges the possibility of inflation but explains why the situation is not so outrageous or simplistic as Bech puts it.

]]> By: The Weakonomist http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9703 The Weakonomist Sat, 07 Feb 2009 20:14:41 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9703 First of all, beck is a media tool that creates news for ratings, so take any of his messages with a grain of salt. Second, it's easy to create a chart that will support any argument you wish. finally, it's not the fed, it's the treasury you should worry about. Their auction rates are going up despite falling interest rates. This means less people are buying bonds and bills. If they can't raise money, then we're really screwed. First of all, beck is a media tool that creates news for ratings, so take any of his messages with a grain of salt.

Second, it’s easy to create a chart that will support any argument you wish.

finally, it’s not the fed, it’s the treasury you should worry about. Their auction rates are going up despite falling interest rates. This means less people are buying bonds and bills. If they can’t raise money, then we’re really screwed.

]]> By: Alexandra Hancock http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9702 Alexandra Hancock Sat, 07 Feb 2009 19:22:42 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9702 I am such a Glenn Beck fan and I agree with him 100% on this one. This whole "stimulus" plan has nothing to do with money and saving the economy, but it is being used as a tool to increase government. I am such a Glenn Beck fan and I agree with him 100% on this one. This whole “stimulus” plan has nothing to do with money and saving the economy, but it is being used as a tool to increase government.

]]> By: Tristan http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9701 Tristan Sat, 07 Feb 2009 18:53:57 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9701 Simple answer: Yes. The Federal Reserve was never created to actually help the US. It's only purpose is to serve the private bankers that created it. Every dollar that is printed by the Fed has interest tied to it...and that interest is a tax upon US citizens. Guess which tax that happens to be. It's our Federal Income tax. Don't believe me? Go do some research. It won't take long for you to find the answers. According to our Constitution, only Congress has the right to mint our money...especially not some private corporation. The Federal Reserve is not part of our Federal Government at all. It is privately held, and was incorporated around 1913-1914. Simple answer: Yes.

The Federal Reserve was never created to actually help the US. It’s only purpose is to serve the private bankers that created it. Every dollar that is printed by the Fed has interest tied to it…and that interest is a tax upon US citizens. Guess which tax that happens to be. It’s our Federal Income tax. Don’t believe me? Go do some research. It won’t take long for you to find the answers.

According to our Constitution, only Congress has the right to mint our money…especially not some private corporation. The Federal Reserve is not part of our Federal Government at all. It is privately held, and was incorporated around 1913-1914.

]]> By: Amy http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9700 Amy Sat, 07 Feb 2009 18:49:39 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9700 That's Scary. That’s Scary.

]]> By: D http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9699 D Sat, 07 Feb 2009 17:21:48 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9699 That is depressing :( That is depressing :(

]]> By: Dan D http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9698 Dan D Sat, 07 Feb 2009 17:20:57 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9698 I wonder if there is an excessive amount of pessimism about the economy and the job loss. Without a doubt the economy is in a very tenuous position but isn’t now the time to believe in our inherent ability to overcome, survive, and thrive? Instead of wasting too much time figuring out where blame lies (analysis of past mistakes is necessary to a degree) lets spend time developing solutions for ourselves and perhaps more help the people around us. Now is a time to tighten our belts and push forward believing in our inherent ability to succeed. http://www.weeklypoint.com/2009/02/06/are-job-losses-accelerating/ I wonder if there is an excessive amount of pessimism about the economy and the job loss. Without a doubt the economy is in a very tenuous position but isn’t now the time to believe in our inherent ability to overcome, survive, and thrive?

Instead of wasting too much time figuring out where blame lies (analysis of past mistakes is necessary to a degree) lets spend time developing solutions for ourselves and perhaps more help the people around us.

Now is a time to tighten our belts and push forward believing in our inherent ability to succeed.

http://www.weeklypoint.com/2009/02/06/are-job-losses-accelerating/

]]> By: Tim Huegerich http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/comment-page-1/#comment-9697 Tim Huegerich Sat, 07 Feb 2009 16:58:52 +0000 http://www.christianpf.com/is-the-fed-running-the-u-s-economy-into-the-ground/#comment-9697 :( Please don't listen to Glenn Beck. Can you promise me that if he proves to be way off base on this one year from now, you will stop trusting him? I firmly believe is a hack. (I would like to take the time to back that up, but can't right now.) For now, I offer you a post by a conservative economist explaining why pretty much every economist is worried about deflation right now and inflation is not a real concern. http://gregmankiw.blogspot.com/2008/12/next-round-of-ammunition.html (Again, it's a complicated issue that takes a lot of explanation, so this post is unlikely to be convincing. At least, you must admit that Beck's simplistic analysis is no more thorough than Gore's..) :( Please don’t listen to Glenn Beck. Can you promise me that if he proves to be way off base on this one year from now, you will stop trusting him? I firmly believe is a hack. (I would like to take the time to back that up, but can’t right now.)

For now, I offer you a post by a conservative economist explaining why pretty much every economist is worried about deflation right now and inflation is not a real concern. http://gregmankiw.blogspot.com/2008/12/next-round-of-ammunition.html (Again, it’s a complicated issue that takes a lot of explanation, so this post is unlikely to be convincing. At least, you must admit that Beck’s simplistic analysis is no more thorough than Gore’s..)

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