http://www.msnbc.msn.com/id/23917696/

Who doesn't think we're in a Recession?
Bernake will barely even talk around the word, he pisses me off. The whole damn presence of the FED in general pisses me off. I'm tired of this unconstitutional body controlling the worth of my money :(

Hard times ahead, prices are going to keep going up but our money is going to be worth less. What is the answer here? I don't think it's rebates, I don't think it's rate cuts. I think they could help if they opened their vaults a little bit and paid off some debt. Is that farfetched?

The FED knows what's going on, better than anyone. Don't let them fool you with that feigned ignorance.

In this JP Morgan deal, they basically just converted billions of their fake, devaluing currency into tangible assets that will hold their real value. They stood by, directly responsible for the rates that fueled the housing bubble, knowing in the end they would be the only ones able to bail the whole thing out (and take their cut).

If you look in history, many (if not most) economic downturns are the result of manipulation by central banks and result in leveraged buyouts just like are happening now.

As for paying down debt, they won't ever do that. The debt is necessary to create money. When they stimulate the economy through rate cuts, it's because more debt is the only way to push our economy forward now that it's tied to this corrupt money system.

If you haven't, watch "Money as Debt" that I posted on the FED thread. The last half gets into all this.

Heh, one of the 3 pillars of good government: have an honest currency, keeping the domestic peace, and good defense from external threats.

An absolute truth Akipt!!

my question would be " What the Fawks holding up the roof?"

Not much, at this point, velvet.

Sanchek is right, though, that the "R" word's lack of usage isn't due to denial over our current economic status (at least at the Fed). Bernanke has been very active in approaching the problem (whether his approach is correct or not or even matters at this point is another question).