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There are only two ways for human beings to achieve wealth:
http://www.youtube.com/watch?v=eaNSm-BjRts
http://www.tu.tv/videos/wealth-does-not-generate-poverty-in-a-fr
The first way is the economic method, in other words, it is when somebody produces a consumer good and this one is shared voluntarily with someone else. This is the interchange method, The Free Market method that is creative and develops production. It is not a zero sum game because production extends where it did not exist and where the interchange bestows benefits all implicated parts.
The second way is the political method or interventionism. Said another way, it is when a person confiscates revenues of other ones without their consent. It is robbery, exploitation, pillaging.
she is the inspector general of the FED:the machine is so outta control that its doin its own thing and peeps are just rying to find a way to follow in the wake of its distruction and grab some cash dollars outta the deal… it seems anywayPosted in Cultural Engineering, Economy, Politics Tagged: Economy, FED [...]
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. [...]
This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed's expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed's $2 trillion portfolio really are.
Federal Reserve Inspector General Elizabeth Grayson is a complete and utter liar regarding the bailouts and the taxpayers assets disposition. Where did the TRILLION DOLLARS GO???
Fed does not know were trillions are. That's like misplacing Alaska. This whole world is corrupt, I am not working anymore, I will not be a tax paying pawn for these people who think they own the world. If all poor and middle class stopped the world would stop, I would like to see what these people would do if they where poor. I remember this lady divorcing this rich ass said she could not live on only 50 some thousand a month.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligation...
http://www.youtube.com/watch?v=eaNSm-BjRts
http://www.tu.tv/videos/wealth-does-not-generate-poverty-in-a-fr
The first way is the economic method, in other words, it is when somebody produces a consumer good and this one is shared voluntarily with someone else. This is the interchange method, The Free Market method that is creative and develops production. It is not a zero sum game because production extends where it did not exist and where the interchange bestows benefits all implicated parts.
The second way is the political method or interventionism. Said another way, it is when a person confiscates revenues of other ones without their consent. It is robbery, exploitation, pillaging.
www.lodicecincinato.blogspot.com