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martian31v · 09-17-2008, 08:01 PM

schiff is a great source for economic understanding, but i think he slightly misses the point when he sees this as "nationalzing" or "socializing". the fed reserve is a private institution mascquarading as a government institution. if so, this is a private takeover. the fed seems to be revisiting its playbook via the great depression. i.e. initiating a crash, then swooping in and amassing the resources left by the unawarez. the current action by the fed is more akin to a hostile takeover, which, in this case, is worse than socialization. at least with enforced government socialism we can face our oppressors. with the fed, we cant even gain information into who sits at the top. but, we know some of the names. maybe one day they will come down and face us.

09-17-2008, 08:01 PM	#2
martian31v Avalon Senior Member Join Date: Sep 2008 Posts: 63	Re: latest Peter Schiff comentary schiff is a great source for economic understanding, but i think he slightly misses the point when he sees this as "nationalzing" or "socializing". the fed reserve is a private institution mascquarading as a government institution. if so, this is a private takeover. the fed seems to be revisiting its playbook via the great depression. i.e. initiating a crash, then swooping in and amassing the resources left by the unawarez. the current action by the fed is more akin to a hostile takeover, which, in this case, is worse than socialization. at least with enforced government socialism we can face our oppressors. with the fed, we cant even gain information into who sits at the top. but, we know some of the names. maybe one day they will come down and face us.