Replies to post #155340 on SwingTrade Member Forum (SWING)

[BuzzOnDaBeach]

Taking a page out of brig's book, a few quotes regarding the economy from probably the greatest American of all time, Thomas Jefferson:

Regarding the debt:

"I, however, place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared." --Thomas Jefferson, Letter to William Plumer (July 21, 1816)

Regarding the banking system:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." --Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)

Maybe Bernanke should read this:

"Government big enough to supply everything you need is big enough to take everything you have ... The course of history shows that as a government grows, liberty decreases."

Buzz

[Rawnoc]

Amen! Well said.

[3Saints]

200 Billion bought a 450 point rally >> pretty fucking expensive if you ask me. Or is it the .75 point cut already priced in >>> 150 points per quarter point.

Seems to me they are going to run out of ammo long before the problems are worked out.

[bcarter]

With China's looming negative carry I hear they'll be using to use Ben Franklins to fuel the Olympic fire pit as a symbolic gesture.