In response to:

Prophets and Losses

evie10 Wrote: Feb 05, 2013 9:28 AM
good point - but that is the concept behind the 1T dollar coin to be minted...I figure if they can mint one 1T dollar coin, why not make 18 to 20 of them so we don't have to worry at all about the current debt since it is approaching 17T.
Texas Chris Wrote: Feb 05, 2013 9:46 AM
Because they know that minting even ONE coin would expose their little scam. Well, expose it more...
Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue.

The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies today -- or the policies based on those prophecies?

Even after the housing market began its collapse in 2006, Federal Reserve Chairman Ben Bernanke said in 2007, "The impact on the broader economy and financial markets of the problems in the subprime market seems likely to...