2012 Combined Statistical Area Gross Product-Released September 17, 2013 (compare, south, California, state)
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You are misinformed. There is plenty of information available since the Federal Reserve was partially audited. I suggest you do your research.
The first poster was correct, and you are wrong. TARP was the financial rescue, and there was no other rescue program.
Are you referring to the fact that the Fed lends money to banks? This is true in every country with its own currency. You can't have a currency without central bank lending to banks.
Isn't Mercer County at least considered part of the NYC metro region because more people commute to NYC or other NYC area counties from there than they do to Philly? .
Yes. Obviously many more people in Mercer commute to the NYC area than the Philly area.
There aren't even transit links between 99% of Mercer and the Philly area. In contrast, Mercer has very heavy transit links to the NYC area.
The first poster was correct, and you are wrong. TARP was the financial rescue, and there was no other rescue program.
Are you referring to the fact that the Fed lends money to banks? This is true in every country with its own currency. You can't have a currency without central bank lending to banks.
I'm referring to the fact that The Federal Reserve is a privately and internationaly controlled organization with no accountability. The GAO Audit, initiated by Bernie Sanders in 2011, revealed that our Central Bank doled out at least $16 Trillion since 2008 to the usual cast of their favorite Banks around the World at near-zero interest rates.
Speaking about only TARP, which is miniscule compared to the $16 Trillion, is misleading. So again, you are misinformed and wrong. A nation can have a currency without paying interest to a private entity. The "Federal" "Reserve" has only been in existence for 100 years.
"As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."
I'm referring to the fact that The Federal Reserve is a privately and internationaly controlled organization with no accountability. The GAO Audit, initiated by Bernie Sanders in 2011, revealed that our Central Bank doled out at least $16 Trillion since 2008 to the usual cast of their favorite Banks around the World at near-zero interest rates.
Bernie Sanders is an idiot. You can't have a currency without lending to banks.
All central banks lend to their banks. This is called having an economic policy. If you didn't have the feds lending to banks, there would be no reason to have a national currency in the first place.
Bernie Sanders is an idiot. You can't have a currency without lending to banks.
All central banks lend to their banks. This is called having an economic policy. If you didn't have the feds lending to banks, there would be no reason to have a national currency in the first place.
When those Banks are found to be fradulent and corrupt, they fail. You don't send them Trillions and Trillions to keep them afloat and keep the system humming. That solves nothing and only exasperates the problems with collusion and corruption in our financial system. Now the "Too Big to Fail" Banks are more powerful than at any other point in their history and fear no future repercussion.
I'm sure the Trillions and Trillions used to save corrupt institutions would've been much more useful and better for the economy and the future of our country as a whole if they were instead given to some tech start-ups in The Bay or researchers in Boston, or entrepreneurs in Philly, etc. Hell, consumerism makes up something like 70% of our economy. With $16 Trillion, The Federal Reserve could've given each and every American a little over $50,000.
The economy is made up of people, not institutions.
Yes. Obviously many more people in Mercer commute to the NYC area than the Philly area.
There aren't even transit links between 99% of Mercer and the Philly area. In contrast, Mercer has very heavy transit links to the NYC area.
Not sure this is accurate
There is one line from Mercer to NYC
There are 2 lines from Mercer to Philly and another rail line from Trenton to Camden
Commuter rates meet the criteria for both actually, just today NYC is higher, mostly because of a subrban park just accross the Mercer county line in a MSA county for NYC (this drives the commuter rates). Very few people commute to either NYC or Philly proper from Mercer.
Lastly two other major impacts made the shift from Mercer historically being a Philly MSA county to today it being a NYC CSA county. One the closure of the US Steel Plant in Failess Hills Bucks County PA (About 2 miles from Trenton) which had a 18K loss of jobs over a ten year to closing in total, multiple thousands from Mercer no longer commuting into Bucks. And 2 the location selection for Merrill Lynch to Ewing to NJ asopposed to Newtown PA (only 3 miles apart) but a facility of about 6-7K employees. Lots of micro commuter impacts that lead to the census change.
In the end this area is grey, historically more afiliated with Philly (remember Trenton is only 12 miles from Philadelphia proper) and new job centers just across the NY MSA with newer commuters. It really is not a clean break either way but is aligned because the Census will only attach a place to one CSA. In the end the economic output is kind of split really - not an either/or
In the end IMHO Philly gets a little under represented and NYC over represented on this metric -but in real life the census border is nothing more than a line on a map. Like are SJ and SF really two seperate places, no, but there is dividing line on a map
The image from Rainrock actually is interesting in Trenton being a direct developed extension of Philly and not NYC, yet the census cuts a line on the Delaware river. Even Allentown has its nuances and proxity wise is very similar to Reading PA etc.
In the end though the middle space between NYC and Philly become more grey by the day really - accesable and commuted to by people from both metros
Last edited by kidphilly; 09-18-2013 at 07:43 AM..
When those Banks are found to be fradulent and corrupt, they fail.
Banks aren't fradulent and corrupt. Turn off the tea party/99% propaganda.
There's no evidence that banks are more or less corrupt than other private companies.
Quote:
Originally Posted by 2e1m5a
You don't send them Trillions and Trillions to keep them afloat and keep the system humming.
Actually, you do. That's called having a currency. If you didn't loan money to banks, there would be no currency system in the U.S.
What is the point of having a currency if the govt. has no control over the value of the currency? Might as well adopt the peso or Canadian dollar or something. But please realize those countries also loan their banks money.
There are no lines from Mercer to Philly. Both SEPTA lines stop at the border. SEPTA stops at Trenton and West Trenton.
In contrast, the busiest suburban rail line in the entire U.S. heads through the entirety of Mercer County, straight to Penn Station.
There are more passengers on that one NJ Transit line to NYC than in the entire SEPTA regional system, so we're talking an enormous difference here.
Both lines end in Mercer as does the NE Corrider NJT Transit line - not everyone from the NJT line is startin Mercer either, not by a long shot - you are making as if the whole line is driven by Mercer in one direction and then not accepting rail service the other direction, just not the case
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