How to Survive the Financial Crisis
November 12, 2008
A how to do video, in three easy steps, that explains how you can survive the financial Crisis / Recession / Collapse / Meltdown and so on…
It worked for me…
Jim Rogers on America Financial Crisis Bailout
October 23, 2008
Go to mysilvercoins/american-eagle-silver-coins.html
and protect your family standard of life.
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The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system[1] composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 1, 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System.
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Bailout in economics and finance is a term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given a fresh injection of liquidity, in order to meet its short term obligations. Often bailouts are by governments, or by consortia of investors who demand control over the entity as the price for injecting funds.
Often a bailout is in response to a short term cash flow crunch, where an entity with illiquid, but sufficient, assets is given funds to “tide it over” until short term problems are resolved. However, often bailouts are merely delaying the inevitable, as a government or investment structure attempts to avoid putting a large quantity of illiquid assets on the market, which would force other similar entities to write down their assets.[citations needed]
The bailing out of a corporation by government is controversial because bankruptcy can be seen as being caused by the failure to satisfy consumer demand; the bailing out is thus an instance of government intervention on the market overruling the will of consumers. “All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.”[1] According to the Austrian School of Economics the appearance of monopolies can often be blamed on such acts of government intervention that preserve overstretched and badly managed corporations which market forces would have broken into smaller and more specialized companies.[citation needed]
Government bailouts of corporations are usually reserved for cases when a corporation is considered “too big to fail” - justified by the argument that failure of certain corporations would cause unacceptable short term economic repercussions throughout the economy.[2]
A financial bailout may also describe an external intervention into the economic affairs of a nation, industry, corporation or citizen, typically for the purpose of enhancing their financial circumstances for public benefit. Bailouts have occurred globally and with some frequency since the early 20th century. In general, the needs of the entity bailed-out are subordinate to the needs of the state. Further, a bailout presents the challenge of moral hazard, by rewarding excessive risk taking.
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Jim Rogers on America Financial Crisis Bailout
Go to mysilvercoins/american-eagle-silver-coins.html
and protect your family standard of life.
Ron Paul on Fox Business Sep. 24, 2008
September 23, 2008
Ron Paul talking…