Admiral Lubriderm wrote:
These banks are traded on the stock exchange. While the FED could do plenty to squash any one of them, they don't own them.
This is a tricky situation so I'll explain what I meant. There are 2 theories that could apply to almost every single one of these banks. Either A) the bank has a controlling interest by those that work/are connected to the FED or B) By "own", I mean control those that actually own the banks because to go against the FED(stronger than the mafia) is suicide. The FED owns so many banks and runs them as dummy corporations with these bank CEO's working for their interests. I wish the FED was just an extension of the government, but it's much worse than that. I'll tell you another thing. Every time the the government bails out a corporation, that company is controlled by the FED at the highest levels if it wasn't already. There lies the problem and the reason why bailouts don't work.
Yes, the loss of value of the dollar should create inflation in oil much more than any other commodity even when we know that the emerging markets are screaming for energy, too. Makes total sense.
Good this means you won't ***** at the gas prices, but at the FED that just screwed you.