SPDR S&P 500 (SPY)

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You,

That was a long video, I didn't finish it, but it sounded so familiar with that Astro guy who predicted the brankruptcy of the Fed back in May and now hiding in the mountains.

One thing stands out is that we have the Bank of Canada which is the Fed's equivalent but with more transparency. A system that can be audited. One thing that the BOC will never do is to print money to buy up bad assets. This kind of activities do sound irresponsible. It is scary that while there is talk about regulating the American banking system, not even the Fed is regulated.

Michael Moore has a point about capitalism which is kind of twisted. Even the Fed wants to make a buck hoping the bad assets eventually turn good. Is there ethical democracy any more? Printing money to suck up the bad assets does sound like risky activity which could put America in great peril.

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