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Odlid Deighton February 10, 2011 at 11:35 am

money should be your servant not your master, but of course if you haven’t got any to order around then it becomes a problem.

Adam February 10, 2011 at 11:59 pm

Debtors generally like inflation if they have a fixed interest rate. If I have a $250k loan at 5% fixed and inflation spikes to 15%, I’m making 10% on my OWED money – and the bank is losing 10%. It’s great for me, because my income is going up with inflation while my debt payments stay the same.If I have a variable rate loan, then my payment will go up and I will realize no benefit. If my income doesn’t go up at the same rate as the payment and I default, the bank could very well foreclose on the home.Remember, if the dollar becomes worthless, you only need $250k worthless dollars to pay off your loan instead of today’s $250k comparatively expensive dollars.Also… The Federal Reserve is owned by the member banks, not the other way around. It is controlled by the federal government, through appointed officials who serve long terms and generally under multiple Democratic/Republican administrations.And when a foreclosure occurs, the local sheriff will forcibly remove occupants from a home if necessary.

Richard C February 11, 2011 at 12:10 pm

No, technically they are corporate socialists. That means they believe in stealing from the public to give to private interests and they want government handouts, while the poor and middle class get stiffed.

WCJKD February 11, 2011 at 11:41 pm

equity one , interbay

Cassie77 February 12, 2011 at 11:57 am

Just because a person has experienced hardship doesn’t mean they know how to solve the problems. I would not penalize someone who was born with a silver spoon in their mouth. The average Joe/Sally is usually just that, average and we need someone who is much more than average and someone who can play a good game, not just talk a good game. The average Joe may want to desperately solve the problems of the middle class but that doesn’t mean he will have the know howto do it.

capwest5a February 13, 2011 at 12:09 am

These are kind of weird questions – you’ll see.specie = paper money (but coins are also termed ’specie’)——————-gold = goldFrom the choices you give, I guess gold = gold and silver——————-What class if this from ???

Mr. X February 13, 2011 at 11:26 am

She should continue business as usual.

hamsterbabies February 14, 2011 at 12:09 am

If the loan goes into default for over 120 days – the banks call their lawyers and start the foreclosure paperwork.But this is “like” a mortgage… not sure what you are even asking.

Slappy February 14, 2011 at 11:27 am

The price of gold is not necessarily linked to inflation. There are many cases where gold prices fall when inflation occurs.

Battleaxe February 15, 2011 at 12:09 am

Of the choices given, (B) is the best. One definition of specie is bullion coins (gold or silver). The term can also refer to coinage of any kind. You have to look at the word in context to determine which is meant.

Anarchist February 15, 2011 at 11:36 am

Some of what you are saying is true, but they had safety in place up to 1999……You can Blame Bill Clinton and a congress of 1999 for this resent crisis, it’s not all FRB fault. This is investment Banking problems.Glass-Steagall Act of 1933 was designed to prevent the kinds of speculative conflicts of interests that pervaded Wall Street in the 1920s and helped bring about the Great Depression and this resent crisis.In 1999, the law banning brokerages and banks from marrying one another — the Glass-Steagall Act of 1933 — was REPEALED , and voila, the financial supermarket has grown to be the places we know as Citigroup, UBS, Deutsche Bank, et al. But now that banks seemingly have stumbled over their bad mortgages, it’s worth asking whether the fallout would be wreaking so much havoc on the rest of the financial markets had Glass-Steagall been kept in place.With the stroke of a pen, Bill Clinton ended the long saga of Republicans and Democrats, working in concert, for their puppet masters (the bankers) with his signing of the ‘Financial Modernization Bill’ (Nov 12, 1991). As he signed his name, William Jefferson Clinton symbolically signed the death warrant of a level playing field. Clinton & both parties knew better than FDR and our Supreme Court. Nov 12-1999, President Clinton stated, “Glass- Stegal (FDR Banking Bill) is no longer appropriate for our economy. This was good for the industrial age.The (1999) Financial Modernization Bill is the key to rising paycheck and great security for ordinary Americans” (sounds like Obama speech). Tell this to Michigan – NH – California – Georgia etc. The public was distracted from one of the most important pieces of legislation in this nation’s history being signed by Bill Clinton, with round the clock coverage, of the Monica debacle.Undecided-independent

Against DOGMA February 16, 2011 at 12:04 am

I think so… is all planned… they aren’t stupid, they have actuaries that predict this stuff.. looooong before it happens… its a way to control the masses. I dont think the US leadership will shift to isreal… but I do think we are on our way to a world order….. and the USA will be a front runner for control…. unless pakistan pushes the button …… things are coming down to crunch time…. the world can no longer function the way it has…. we spend far too much money on social programs and dead end investment i.e. prisons, justice system, welfare, mental health… these things do not bring money into the economy and they are becoming really top heavy….too much free-loading and upper crusts stealing… the middle class is screwed…. as usual

secondhanddan February 16, 2011 at 12:05 pm

yes he knows why do you think hes making banks take the bail out money ! the goverment wants a bigger share !an maybe they will get it all