Cyprus strikes deal for EU bailout finally | Page 3 | TigerDroppings.com

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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1988 posts

re: Cyprus strikes deal for EU bailout finally


quote:

Serious question: do FDIC rules apply to each account or each banking institution? For example, if you have $500K in savings can I open two separate accounts at Bank of America or do I need to open one account at Bank of America and the other at Wells to maintain FDIC protection on the full $500K (assuming $250K in each account)?


LINK This should also help. An FDIC calculator for coverage.

quote:

Bernacke creates money for the government to deficit spend; at the same time they MANIPULATE the inflation numbers. At the point of Bernacke's inability to create more money (for whatever reason), the Stock Market takes a serious dive and the 401s go south with it. So, in essence...the government has and is SPENDING the money in the 401ks, through it's QE policy.


This is pretty much the case. Read Jefferson's take on central banking, and what Henry Clay and Lincoln planned to do with central banking ("Internal Improvements"). Federalist No. 7 discusses national debt (enabled by a central bank) and it creating division between classes. This is nothing new. Those crazy Ron Paul fanatics warning about inflation might not know the ins and outs of its complexity, but the basic premise is correct.






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RCDfan1950
LSU Fan
United States
Member since Feb 2007
11213 posts

re: Cyprus strikes deal for EU bailout finally


quote:

This is pretty much the case. Read Jefferson's take on central banking, and what Henry Clay and Lincoln planned to do with central banking ("Internal Improvements"). Federalist No. 7 discusses national debt (enabled by a central bank) and it creating division between classes. This is nothing new. Those crazy Ron Paul fanatics warning about inflation might not know the ins and outs of its complexity, but the basic premise is correct.


Thanks, TD; you sound pretty knowledgable.

So in essence, Rush's caller nailed it! The Federal Government's deficit spending is being indirectly financed by what amounts to the QE policy which is raiding 401ks. Not that those accounts were worth much in '08 anyway, after the crash; but I suspect that if the common low-info voter were ever to realize this...the SHTF.

It would seem that if the R's were serious about deficit spending, they would counter Obama's media attacks with adds designed to explain this fairly simple scenario to people who are smart enough to have money in 401ks. And maybe the fact that they aren't (surely they understand this concept), says more about them than the Cloward-Piven Dems.

Oh well. This is gonna get real interesting! I hope the freeze don't kill my tomatoes; jumped the gun and planted early...spooked by global warming.







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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1988 posts

re: Cyprus strikes deal for EU bailout finally


quote:

It would seem that if the R's were serious about deficit spending, they would counter Obama's media attacks with adds designed to explain this fairly simple scenario to people who are smart enough to have money in 401ks.


Agreed. While I haven't read it, the problem with Ryan's budget, from what our congressman said today, is that it doesn't actually cut spending. I wish these guys would earn the fiscal side of their "conservative" title and actually cut some spending, and stop trying to legislate morality.

While they're at it, it'd be nice if they'd get some stones and help me 1) keep my right to own a gun, 2) not be blown up by what's gonna become Skynet, and 3) be able to buy a damn 32oz Coke in NYC.






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TerryDawg03
Georgia Fan
The Deep South
Member since Dec 2012
1988 posts

re: Cyprus strikes deal for EU bailout finally


quote:

Oh well. This is gonna get real interesting! I hope the freeze don't kill my tomatoes; jumped the gun and planted early...spooked by global warming.


Oh, and good luck with your 'maters!






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