i mean they have to focus all their efforts on shoring up the banks not the rest of the economy
no economic system can function properly
without a properly functioning banking system
no recovery will come till they get their books back in order...clean alot of this shit off the books....and get back to normal lending
trying to jumpstart the rest of the economy with "stimulus" before repairing the banks is worthless and a bad investment
One would hope that there would be a revoultion. But the way things are going and the way the govt. is getting people addicted to needing it with all their entitlement programs, many people would just sit back and let whatever happens, happen. Once you get to the point you need the govt. to survive, you believe in everything they say.
to continue
in the end the only reasoning for doing non banking stimulus
isn't to help the average joe
its to watch out for government and the fiat creators ass
its to try to deflate the bubble in a more measured pace and to try to keep more people in their homes and provide food on the table so they aren't roaming the streets forming lynch mobs
basically try to flat line UE at say 10% for a long time vs. a viscous spike down to 30% or something...before a natural recovery after the system flushes out alot of imbalances on the non banking side of things
government spending in the end especially at times such as this
is to protect their own asses
not to help you
over the long haul you are gonna take it up the ass whether or not you may or may not reap some near term rewards
well yeah we would be like a 3rd world country since we have now moved to a bartering society
as for new currency what would be created is anybody's guess and complete anarchy and chaos and can't be determined
you think the military is gonna side with a few government crooks and banks that collapsed our economy vs. millions of people?
What are you talking about? The only thing we can do is keep throwing money at the banks? It was their decision to print more money than could be backed by gold, wasn't it? They said, no penalty , no foul, because they realized they could make much more money that way. And the ninja loans, they are caught red handed, no income, no job, no assets. A gold money system is like kryptonite to them the power to create profit is limited by the amount of gold in the country. There are moneymakers first managers second. Right now, they've just finished playing a huge game of Monopoly with this country and the game is over. They own all the properties, but they can't get the rent from us because of their their foolish beliefs. Like currency and credit inflation environment can exist at the same time.
Alan Greenspan said before he was bought off by the Fed the dirty little secret of deficit spending is that it simply a plan for the confiscation of the wealth.
The Austrian School of Economics was right all along. When they stated that no economy can survive under the Fiat system they were right. But that didn't stop the Fed from enabling the system to exist in this country basically since the end of World War I. When countries was strapped for money for reconstruction, and all those tanks or bullets. Put them in the position that they couldn't pay back the notes on demand. So they suspended the rule, knowing full well that from then on they had this country by the balls.
In 1971, they abandoned the Bretton Woods system and the dollar was no longer redeemable in gold for American citizens, only to foreigners.
If you want to call it a currency system why didn't the Fed offered to back this invisible currency with gold ? Because they're not stupid. They know a fiat currency system, always leads to hyperinflation and eventual collapse of the currency. That is backed by nothing. Not even the institution printing the money. The Fed.
I think they have all sat down and talked long and hard about what to do about this mess that they admit amongst themselves that they let get out of hand. The conclusion they have arrived at will not be pleasant for Americans. Since we are all reduced to useless eaters and bad credit risks and broke in trying to save what's left of our lives, while others live in cars and some under trees. They insist on buying a $50 million jets and giving themselves $1 billion bonuses for the destruction they have done causes death and will cause many deaths in the years ahead. This will be their way of writing us off as bad paper..
The only way out for them is to collapse the economy and the currency with it because you cant fix it you have to break it down so you can start over. That is exactly what their agenda is. That is their bailout plan for you.~~:<<
Alan Greenspan said before he was bought off by the Fed the dirty little secret of deficit spending is that it simply a plan for the confiscation of the wealth.
The Austrian School of Economics was right all along. When they stated that no economy can survive under the Fiat system they were right. But that didn't stop the Fed from enabling the system to exist in this country basically since the end of World War I. When countries was strapped for money for reconstruction, and all those tanks or bullets. Put them in the position that they couldn't pay back the notes on demand. So they suspended the rule, knowing full well that from then on they had this country by the balls.
In 1971, they abandoned the Bretton Woods system and the dollar was no longer redeemable in gold for American citizens, only to foreigners.
If you want to call it a currency system why didn't the Fed offered to back this invisible currency with gold ? Because they're not stupid. They know a fiat currency system, always leads to hyperinflation and eventual collapse of the currency. That is backed by nothing. Not even the institution printing the money. The Fed.
I think they have all sat down and talked long and hard about what to do about this mess that they admit amongst themselves that they let get out of hand. The conclusion they have arrived at will not be pleasant for Americans. Since we are all reduced to useless eaters and bad credit risks and broke in trying to save what's left of our lives, while others live in cars and some under trees. They insist on buying a $50 million jets and giving themselves $1 billion bonuses for the destruction they have done causes death and will cause many deaths in the years ahead. This will be their way of writing us off as bad paper..
The only way out for them is to collapse the economy and the currency with it because you cant fix it you have to break it down so you can start over. That is exactly what their agenda is. That is their bailout plan for you.~~:<<
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Just watched it. I thought this program was horrible. Some decent info, yea, but the overall approach, presentation and tone were awful. Barney Frank on their talking about it just makes it worse.
Most of the show it almost feels like they are trying to describe this event as something that just kinda happened.
Most of the show it almost feels like they are trying to describe this event as something that just kinda happened.
Barney Frank was telling the truth. Some people forget how involved it was to get a mortgage let alone that what people recieved was indeed; A FRIGGIN LOAN! Not free money. Glad banks are moving back to the way things should be. I laugh at homeowners who are on the brink of foreclosure who are scoffing at the thought that anyone should have to put 20% down on a home.
Get fucking real.
