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Separation-NOW. A Central Bank Working For The People (CBWFTP) nolonger working for the PFPB( Private For Profit Banks).

March 29, 2013

QUOTE: “Summing up, Offit writes; “The special ingredients that are necessary to have a dramatic bubble event are not currently present.”
Justaluckyfool, “Nor were they present in 2000, or 2006 when others said,’The special ingredients… to have a dramatic bubble event …’( ARE IN FACT NOT KNOWN).
Just one question….3 parts…
IF the people were to cash in their $14 trillion stock market recovery,gain, where would they get their “money” IF they demanded “real money” and not a ‘Mickey Mouse” electronic transfer.?
IF the REIT funds (warned by Fed even today) were to cash in their $7 trillion …?
IF the win side of the massive amount of derivatives were to cash in they little winning of a lousy 2% (USA at least $300 trillion would be $6 trillion)….?
Not to worry, for the Fed has proven that “the banks are in good shape, at 11.1% capitalized”. What the public doenot understand is that means 88.9% of all those trillion are “HOT AIR” in that bubble just waiting to be pricked.
I know this will not be challenged because: “Summing up, Offit writes; “The special ingredients that are necessary to have a dramatic bubble event are not currently present.”
GOOGLE: “JUSTALUCKYFOOL”

Read: http://www.forbes.com/sites/robertlenzner/2013/03/28/everybody-is-furiously-looking-for-bubbles/?fb_action_ids=307935182667202&fb_action_types=forbessocial%3Acomment&fb_source=other_multiline&action_object_map={%22307935182667202%22%3A438719172883134}&action_type_map={%22307935182667202%22%3A%22forbessocial%3Acomment%22}&action_ref_map=[]

 

aka/justaluckyfool :WHY NOT do what your economist (those you believe to be correct in many matters) have said.”SEPARATE” not nationalization ! Keynes, Minsky,Desoto, Soddy, hundreds of others: SEPARATION. Separate the government bank from the PFPB (private for profit banks).Mandate 100% capitalization. To prevent “collapse of the currency” the Fed can lend them the $200 trillion at 2% for 36 years. There would be no need for FDIC if 100% capitalized. Mandate two types of accounts-1.Deposits owned by the people are “safe storage”, escrow that would be criminal to violate that safety. 2. Deposit that pay interest because they will be legally allowed to be used by the banks for ‘investments’ with the owners willing giving up that safety for the interest reward. As an unintended consequence of this action…please tell me I am wrong….the Fed as a central bank working for the people (“CBWFTP”- GOOGLE IT) would turn over to the US Treasury for Congress to spend, just a little over $11.1 trillion a year with a note they must spend it (SS, Medicare, Jobs,etc.,) so as to prevent deflation!
Read more:

http://dandelionsalad.wordpress.com/2013/03/28/it-can-happen-here-the-confiscation-scheme-planned-for-us-and-uk-depositors-by-ellen-brown/comment-page-1/#comment-194946

You must read and post: Michael Hudson:Video and transcript:

http://therealnews.com/t2/index.php?option=com_content&task=view&id=767&Itemid=74&jumival=9881

Prosperity is but one step: “CBWFTP”

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