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The root cause of the problem=The FED

Discussion in 'Economics and Financials' started by joeydolfan, Sep 26, 2008.

  1. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    [ame=http://www.youtube.com/watch?v=dv6rQ0U01Yc]YouTube - Congressman Ron Paul Schools Bernanke on the Bailout Plan[/ame]


    While I am sure there are many that have issues with some of Ron Paul's opinions on certain policies, he has been dead on for years about the Federal Reserve.


    [ame=http://www.youtube.com/watch?v=Y3oAcQ11LhE]YouTube - Jim Rogers: Ben Bernanke should take economics 101[/ame]


    Jim Rogers confirms.
     
  2. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    "If it's illliquid, its not worth anything"

    Exactly!!
     
  3. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Was this yesterday?
     
  4. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    I believe it was on Wednesday. Paul is exactly correct in the FED is now trying to price fix subprime debt that no one will touch right now.
     
  5. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    Technically they would hold auction thereby letting the Market set the bid. No?
     
  6. joeydolfan

    joeydolfan Season Ticket Holder Club Member

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    Even with an auction how can you come up with a correct and accurate price on something with no market? The FED is creating the market and fictitious prices by having the auction to begin with.

    Thats why private equity is not stepping in to buy up these securities, no one wants to run the risk and there is no bid or ask.
     
    Boik14 and FiN.in.RI like this.
  7. mnfinfan

    mnfinfan Active Premium Member Luxury Box

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    That is great, Rogers was awesome there. His theme, when its Bearish buy, and when its Bullish sell and if it is in between do a little of both. Just the opposite of what the average investor does...
     
  8. FiN.in.RI

    FiN.in.RI Paul pierced through..

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    The school of Buffet. Takes discipline and can be gut wrenching.
    All I know is that I wish I had more money to invest at this very moment and back in July.
     
  9. finswin56

    finswin56 Get a mop

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    I watched Ron Paul during the testimony live on Wednesday. It was the highlight of the day for me. They interviewed him a little afterward and it was an even stronger message.

    Jim Rogers is awesome. BTV interviews him pretty frequently, and I remember him losing it over one of the earlier bailouts (I'm starting to confuse them since there's been so many :( )
     
  10. finswin56

    finswin56 Get a mop

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    This is a while ago, but around the 5 minute mark Rogers says he would back Paul for the presidency. lol, makes me like him even more.

    [ame=http://www.youtube.com/watch?v=airxvVmGnqc&feature=related]YouTube - Jim Rogers on US Economy FED Ron Paul[/ame]
     
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