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Old 02-07-2012, 01:05 PM   #1
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Bernanke: Recovery depends on consumer spending

Bernanke: Recovery depends on consumer spending

1 hour 21 minutes ago - AP 1:22 | 207 views

Federal Reserve Chairman Ben Bernanke says the willingness of households to spend will be an important determinant in the pace at which the economy expands. (Feb. 7)

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Ya see, it's our fault that the economy sucks! If we all just kept "believing" and consuming, then everything would be rosy.....

Go on out and buy an SUV, load it up with gas and drive around the country buying crap you don't need. That's their advice. Saving capital to use for productive industry is no longer necessary..... what a joke these guys are...anyone else remember Fed president McTeer saying this beauty?: "Just all hold hands and buy an SUV".

I just can't believe where these imbeciles are taking a world full of compliant people. The whole thing is so surreal. You think I could talk my father-in-law into buying a few ounces of gold? ha!

Sorry about the rant, but every time I see this clown I can hardly believe the stupidity that comes out of his mouth and that people can take it with a straight face. It must be "the emperor's clothes syndrome".

Happy trails!
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Old 02-07-2012, 02:06 PM   #2
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Next step: negative interest rates if you hold money in your bank.
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Old 02-07-2012, 04:19 PM   #3
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We have negative real interest rates right now.
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Old 02-07-2012, 04:48 PM   #4
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PM Bug- It's amazing at the disinformation (or pure ignorance) of this nation to put two plus two together that our retirees are getting screwed with our manipulated interest rates. The one person who is fighting this is Ron Paul and of course, that is the one candidate retirees pretty much refuse to vote for.

It's so sad that regular Americans can't invest in a savings account or real estate or the stock market anymore.
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Old 02-07-2012, 05:22 PM   #5
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Originally Posted by Shelby-villian View Post:
It's so sad that regular Americans can't invest in a savings account or real estate or the stock market anymore.
I would love to be able to just earn my money and stick it in a bank and watch it grow. Instead, I have to make risky investments and constantly worry what type of assets I should be converting money into, not to get rich, not to earn a return, and not even to prevent a loss; I'll be lucky to maintain enough buying power to provide for myself. The American Dream...
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Old 02-07-2012, 06:59 PM   #6
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And now we're extremists! Of course, the Missouri Police (and a few others) had already let us know this fact.

http://www.infowars.com/secret-state...re-terrorists/
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Old 02-07-2012, 09:52 PM   #7
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This one would be funny if it weren't true:

http://piccsy.com/2011/12/the-truth-u29bbirj5/

Give a man a gun and he can rob a bank.

Give a man a bank and he can rob the world.
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