Quote:
Originally Posted by Hawkeye
http://www.businessinsider.com/did-t...cession-2009-3
1. The Fed?s policy of intervening in the economy to push interest rates lower than the market would have set them was the single greatest contributor to the crisis that continues to unfold before us.
2. Making cheap credit available for the asking does encourage excessive leverage, speculation, and indebtedness.
3. Manipulating interest rates and thereby misleading investors about real economic conditions does in fact misdirect capital into unsustainable lines of production and discombobulate the market.
4. The Fed?s intervention into the economy can give rise to the boom-bust cycle, making us feel prosperous until we suffer the inevitable crash.
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New Flash!
One car has products in it from 1000 different companies that employ millions of
people.
All our enemies buy our cars.
They can't buy them when we are blowing them up.
We broke ourselves by killing people who bought our shit and sold us supplies to build
the shit that we sold back to them.
Every single company in the world that relied on Iraq for some supply went
without those supplies when the war started. Those companies went broke
and could no longer provide their secondary product to the tertiary businesses
that needed it to make their money. Do you see the chain reaction that took
place once companies ran out of their stock pile and the war was still raging?
Nope, you don't....you're a republican.
Further :
Oil is traded in dollars which means Iraq had to send all it's oil sales money thru
american banks. No Iraq oil money means banks not having that money.
Is their a problem with banks and money now??
Thanks for the number crunching mumbo jumbo though.
Don't evolve so intellectually high that there is no where to go except back to
being stupid by thinking you can reduce human life to a sheet full of fucking numbers
and ignore the omnipresence of common sense.