The Back Room

He's neither. He just doesn't like you. -- Kein Mitleid Für Die Mehrheit

well, obviously, you should posty a brief synopsis with the piece so those that can't watch can at least know what you are talking about when you refer to it. ;)

No, you're generalizing. My argument is that the Federal Reserve system itself was not to blame for the specific bailout-related screwup described in the article, but rather certain high-ranking folks at the New York branch of it. Don't put words in my mouth. Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)

I thank you humbly, the sentiment is well appreciated. :) //L

making gravy without the lumps, baby.

Read the article your own link refers to... Or at least read the two page synopsis at the beginning of it: http://www.acq.osd.mil/dsb/reports/2010-10-Capability_Suprise_Vol_2.pdf[^] Then, when you actually understand what the hell you're talking about, THEN post here. Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)

ragnaroknrol wrote: Why didn't they adjust the salaries to compensate for the shift? Theoretically, according to Ian, they do: they give "raises" to employees. This is where your idea goes completely off. ragnaroknrol wrote: EMPLOYERS ARE CHEAP BASTARDS. I bet you wouldn't say that to your employer, would you? :) You'd be on the street in a heartbeat. ragnaroknrol wrote: You equate this with the dollar being weaker and not the true source of the issue. Sorry about that: The true source of the issue is the interest rates. Yeah... raise the interest rates, stave off inflation (theoretically), which means fewer dollars out in the money supply (written down or physical), which means the value (and confidence) in the dollar remains relatively stable, meaning MAYBE we can get back to having families not having to have two incomes.

ragnaroknrol wrote: Besides, how are you to know in an interview if the guy you hired tends to do things half-assed when he's not "feeling it" apparently he was "feeling it" in the interview... Reminds me of my old office job.   We all had to wear suits.   One manager didn't like the policy, so he ignored it ( he left, and he wore his painting clothes to his farewell dinner to make a 'statement', a dumb thing to do in a market this small ).   His team started to copy him.   I ran into a guy walking to work, in casual clothes, and he started to go off to me about how dumb it is to make programmers wear a suit.   I asked him if he wore a suit to his interview.   He said he did, so I pointed out that he had indicated his willingness to wear a suit to work, and he was the one moving the rules. I didn't like wearing a suit, much, but seriously, if that's the worst thing that happens to you at work, that is a good job. Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.

That's an even better idea.   The original idea would result in names that no-one would be able to easily decode to trace them back to their source. Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.

Stole this! :laugh:

Unfortunately, the ones that need to follow your suggestion the most, only understand posts that are a YouTube link. Sorry. :) Chris Meech I am Canadian. [heard in a local bar] In theory there is no difference between theory and practice. In practice there is. [Yogi Berra]

Christian Graus wrote: Pot, kettle. Um, I think I have just been insulted. :) Bob Emmett @ Ynys Thanatos

I would move there to vote for you. I'd also kiss you. But you'd have to manhandle one of them for the kiss. I wish I could find that post. You get up, your clock set to the standard time. You take a shower, the water is treated by your local government and held to standards done by (X agency), brush teeth (toothpaste approved by another) and get in your car. The radio tells you traffic (monitored by DOT) and the radio is on an FCC approved band. You drive in a car up to federal crash standards, get to work and are kept in a safe work condition by OSHA, etc.. I think it was like 30+ government agencies we don't pay attention to that are all working quietly behind the scenes to keep us safe and secure, and yet boneheads want to get rid of them. And the Dems are like a 45 yr old virgin with Megan Fox. They really want to do something, but they don't know where to start and are too busy trying not to offend her to notice she's waiting for them to get to work.

josda1000 wrote: It would wipe out all of the "too big" banks, and would leave the little banks who were actually lending in a practical way the whole time. Agreed. But think of the millions and millions of people and companies that are heavily invested in those big banks. It would be a domino effect, with huge repercussions. josda1000 wrote: the too big to fail issue was caused by the interest rate lowering. Not really... The banks were already consolidating. If you check out my new thread above, I think the repeal of that act in '99 was what prompted them to become so huge. josda1000 wrote: Banks, even in this society, again should be able to do as they please and see fit. If they want to consolidate, they should. Except when they use FDIC-insured, Fed-backed money to boost their proprietary business, they're basically forcing the government to backstop them. The idea would be that EITHER they can have the protections offered by the Fed/FDIC, OR they can trade on the market, but not both. josda1000 wrote: You hit the nail on the head. What's wrong with any of these issues? I don't see a problem. But we've been over this before. You're against saving. You're against good, fair and honest business practices. Not saying those are bad things. I'm just saying they would lead to the economy tightening, when RIGHT NOW we want it to grow to counteract the crash. You do make some good points, but the question is whether the economy can handle that right now. josda1000 wrote: Yes. Raising interest rates does shrink it. And no, it won't create jobs... not quickly anyway. It takes time for the effects to finally drain itself. The point is, the longer we keep the interest rates too low, the worse the effects will be when you finally raise them. Lowering does stimulate the economy... but notice the effects it had. We're at around .25% right now... can't get any lower. So the point is, you have to necessarily raise them, feel the devastating effects of it and what the Federal Reserve actually does, and then you'll have a boom after when you lower them again. These phases are temporary, and wouldn't be as detrimental if we got rid of you're beloved central bank. I agree partially. Yeah, the low rates are k

Wish I could give you a 5 for that. :laugh:

Yeah, I assumed it was deliberate, so I let it go. Christian Graus Driven to the arms of OSX by Vista. Read my blog to find out how I've worked around bugs in Microsoft tools and frameworks.

CaptainSeeSharp wrote: Not to mention the political, social, and economic ciaos political, social, and economic goodbyes? :confused: Bob Emmett @ Ynys Thanatos

NASA Global Warming Alarmist If Hansen genuinely believes that the current climate warming trend from 1850 is man-made, then he has a right to call for a reduction in greenhouse gas emissions. I understand that Freedom of Speech is guaranteed in the USA. Whether your government listens or not is up to them. It appears that legislation can be bought by those with deep pockets, so it is not surprising that Cap & Trade raised its ugly head, appeases 'Big Oil' and provides a potentially huge (unlimited?) income stream for the 'Banksters'. Fortunately, the whole IPCC effort seems to have run out of steam, allowing time for a more reasoned debate in the light of the lack of scientific method shown by some eminent climatologists who should have known better. Book That Calls For Mass Genocide It doesn't. I would at this point say "Read the book, not InfoBores disinformation", but: * I know that you won't; * It is so bloody twee, it makes me want to vomit - you would explode; * It is just as crap as InfoBores, disinformation wise. Quote: Evolution occurs in order to ensure that a particular species remains hardy enough to continue its line. Need I say more? Bob Emmett @ Ynys Thanatos