Meltdown | Thomas E Woods, Jr.

[Mkvine]

Tom Woods for Ron Paul 2012

[CaptainSkeletor]

I am so happy that I can take part of this information. Internet is a wonderful thing! And it is so sad that Americas all knowing good government wants to regulate it. So end these idiots in charge and vote for Ron Paul! For real change!

[AnAmericanFan]

Lots of superfluous, name calling, and quite ignorant type flapping here that does not forward any intelligent discussion. Really...

[Tracywithafacey]

Very, very good speech

[tallswede80]

Great talk, Tom Woods.

[tallswede80]

Now i understand what ron paul is talking about.

[MustangManiac1115]

Beautiful! Best explanations of austrian economics on the planet. And he does it with unmatched charisma.

[VoluntaryRon]

Tom, you are awesome. Thanks.

[saterias]

Wow, that speech was great and very easy to understand. Anyone who can't look at this video and see the apparent truths, needs to have their head examined.

[SirTenenbaum]

Does Woods explain financial instruments like derivatives, credit default swaps, etc. in the book?

[2mconsolidated]

The U.S. has departed from it's tenants as a Constitutional Republic. We are NOT a Democracy...yet the left keeps skewing us away from our Republic principles by simply promising FREE BEE HANDOUTS and thus getting votes from every moron who wants everything free....with zero enticement to produce or own or start a biz. 50% of the nation pays near zero taxes while 90% of tax revenues are carried by 25% of the population. Yes, lets attack the 25% who carry all the weight and give it to losers.

[rapidfireXring]

Propaganda??? Its a warning to those who can think.....and I am afraid that doesn't seem to include you. You have lived in propaganda all of your life, its called public school. One thought from the Borg. Just because some of us are comfortable does that blind you from those that have lost all or are losing it all.

[sfiorare]

@rapidfireXring - so you went to private schools?

[jeffro0685]

Even if you're not an Austrian sympathizer (which admittedly I am) this man is very easy to listen to.

[Forsakren]

I'm Independent, & have NEVER! EVER! been able to understand any of the rational from anyone on the right!!! Certainly not in mainstream media. Them being so psychotic doesn't help get me interested either... But since I came across Woods a week ago & the Mises Institute, and watching dozens of hour long videos, I am ungodly appreciative of everyone at Mises opening my mind when both the logic of the Right and the Left was no better than a drunk L.A driver hyped up on 5 hour energy drinks.

[CytherLynx]

@Forsakren congrats. remember the left right paradigm is very misleading. Austrian economics is closely related to classical libertarian's position; which historically belongs to the 'left'... but history is full of twists.

here's a good article explaining libertarian history

w w w . fff . org / freedom / fd0706b . asp

[Forsakren]

@CytherLynx I'm independent which by nature makes me a minority. :)

To me those boundaries between two groups never exist because it's almost always a communication and ego/pride issue than anything else. Because almost everyone almost always believe and support the same fundamental goals in life. Kinda hard to find a person who honestly wants to kill people without a motive of trying to make the world a better place by doing so. :P

I'll check out the link when I get a chance. Thanks!

[CytherLynx]

@Forsakren yeah, i think you have a point about the ego and pride.

"anarchism has its particular inheritance, part of which it shares with socialism, giving it a family resemblance to certain of its enemies. Another part of its inheritance it shares with liberalism, making it, at birth, kissing-cousins with American-type radical individualism, a large part of which has married out of the family into the Right Wing and is no longer on speaking terms."

The Floodgates of Anarchy, Albert Meltzer

[Forsakren]

@CytherLynx That's some good food for thought! Growing up through school I went through all the stages of thinking and all of them had their own individual flaws. If any one way ever works, the only way is in fair, equal, and respective cooperation with other ideals. Easier said than done, but in order to have a safe, productive, and effective society, everyone has to be on good speaking terms with others.

[Chongalulu]

The story of the house builder is useful. It is a good analogy for producers and for consumers. False belief of thinking how rich they are - sad.

[dsn1964]

Woods is dead on-target. He, along with other economists of the Austrian School of thought on economics, have been lonely voices warning against the Krugman/Greenspan/Bernanke (and many, many others) school of fake, fiat money....and widespread government and Fed intervention into the credit and housing markets. We are living through the destructive folly of the fiat/government school of economics. Anyone who still signs ON to that swill.......especially after the last two years...is blind.

[sfiorare]

@dsn1964 - you are blind if you buy into woods' revisionism and politically biased economic views

@Digali - ron paul has no integrity; in 1996 he defended his newsletters, now he denies having written anything in the newsletters, despite the fact that he's signed them, is on record as the owner/editor/publisher and published statements that are obviously his: "In 1988 when I ran for president on the Libertarian Party ticket"

ron paul is a corrupt and dishonest politician

[dsn1964]

@sfiorare Blind, huh? Revisionism, huh? Do you have a clue what caused the meltdown? Was it the Austrian School? No. Do us all a favor and start researching at about, oh.......the 1980s.....Investigate the CRA, the political and special interest involvement....the involvement of the banks (through pressure or greed)...the ending of Glass-Steagel...the growth of the secondary housing market....credit default swaps, etc., etc.....and the Fed pumping money into it all....That AIN'T the

[sfiorare]

@dsn1964 - as is usual with scatterbrains like you, your comments are all over the map, let's take one issue at a time

i'm quite familiar with the cfa and you seem to suggest it's a primary factor in the recent crisis; either show me the evidence for that, show me a source for the assertion or admit you just made it up

send any links in a pm or show the site title so i can google it

[dsn1964]

@sfiorare Name-calling will get you nowhere. And it's not CFA.....it's CRA (Community Reinvestment Act)....And I mentioned it along with several other things, and the list is not all-inclusive. Nothing I say is 'all over the map'....The progression of the housing and credit mess is easy to follow by timeline, and well-documented. Also...Please note I'm not pointing fingers at particular Partys...Plenty of blame to go along. The fact remains...Guys like Woods were warning about the

[dsn1964]

@sfiorare Guys like Woods (et al) were warning about the housing/credit house of cards in 2006, 2007, and even into 2008 when the rest of the geniuses were still touting investing in REITs and the stock market. Big oops, huh? The fact remains....Disaster struck, and here you are calling Woods an idiot for it (and by extension, calling me one) when he and his economic confederates in the Austrian School had nothing to do with it. Wake up, man.

[sfiorare]

@dsn1964 - one more time

show me the evidence for the cra being a primary factor in the recent crisis, show me a source for the assertion or admit you just made it up

send any links in a pm or show the site title so i can google it

[dsn1964]

@sfiorare out of characters......That AIN'T the Austrian School that created and supported THAT crap......And with all the government involvement....it damned sure wasn't the free market......The free market wouldn't have touched that crap without government guarantees, pressure and ultimately, bailouts. Now the same MFs who created this shit are supposedly the ones fixing it! They call that MADNESS, sfiorare.....Get it yet?

[sfiorare]

@anaquarian1 - do you understand what a constitutional amendment is?

@DRNevans - woods' version of promotion reminds me of a two bit whore on a crowded street corner in the projects

[CytherLynx]

Thomas Woods has surpassed Schiff as my Favorite Austrian Economist.

[ExternalServerError]

Once again, excellent lecture.

Understanding the function and purpose of interest rates is a very crucial point in order to get down to the root cause and to recognize that central banks and interventionism are the cause for every single bust and every single bubble.

Dr. Woods nails it every time and manages to give people who aren't involved with economics by profession an understanding of these issues.

[dvictorbrown]

Making loans more accessable to economically depressed individuals is NOT the same as "predatory lending practices." That is, actively seeking out people who may or may not have been looking for a loan, and/or engaging in deception, cohersion or concealment during the loan processes, which in point of fact many of these rapacious companies are EXECTLY guilty of! Further, more than Fannie and Freddy got bailed out who WERE/ARE privately owned!!

[residentzombie]

@17:30 Woods is referencing Paul Krugman and John Meynard Keynes.

[WideWorldOfWisdom]

@residentzombie

Keynes died 23 years before the economics prize (which is not really a Nobel, btw) was created. I would have to guess he was talking about Krugman and Stiglitz.

For info on the lottery called the "Nobel Memorial Prize in Economics", see link below:

blog.mises.org/8759/

[residentzombie]

@WideWorldOfWisdom Ah ok thanks for the clarification. I knew for sure Krugman was one that he was referring to. I just guessed that the other was Keynes.

[europa]

I love this speech! everyone should refer to this video, very easy to understand and extreme with humor

[MikeTMerciless]

There is something very Progressive about devaluing the currency, and all you need to do is to look to Cloward and Piven. They, two progressive socialists, advocated for the devaluing of the money and the free market, to create crisis, in order so that the socialists who helped to cause it would take control and recreate a new society.

[geehuckwow]

There is no economic crisis, any more than there was an oil "spill" in the gulf. Eliminate taxation, then we will have a free market. which won't matter if I "own" the land, because I can charge "free-market" rent for your necessity. The whole thing is simple, it's no crisis. Food and housing must be free to volunteer workers in non-profit companies. Instantly no crisis. But the banks don't want that! Therein lies the rub. The fattest pig feeds the most people -- only when it's dead.

[jscottupton]

Brilliant. It's ironic that Greenspan, in his youth, was a libertarian.

[emichik86]

Great video. Very informative

[cooljoeshmo]

This guy is describing the economic system as it should be, not what happened here. What caused this current depression were scammers such as Madoff, Lehman Brothers, J. P. Morgan etc., who scammed world banks and investors out of billions thus also managing to spook further investing. Facts, not theories! There´s a proverb that says there are lots of heroes after the war. So now you see all these economists "helping" you understand the why factor, when in fact they are selling books...bah.

[Soonerliberty]

@cooljoeshmo It is absurd to blame only one side when both sides were at fault. That was his whole point. Apparently, you missed that. Can public institutions never be scammers? If what you say were true, then those scammers should just leave the market and be prosecuted for fraud. But that didn't happen. Ever wonder why? Even if it were true, then your precious public institutions are protecting these institutions, which leads us right back to them all working together to scam us.

[cacapoopoo2327]

@cooljoeshmo You are glib Mr. Shmo. The only reason they made risky loans in the first place is because of guarantees by the Federal Reserve. In a free market their practices would be punished by them going out of business. One result would be prudence on the part of the individual about where he or she puts their money. That does not exist today because of government involement in something that they have no business being involved with in the very first place.

[cacapoopoo2327]

@cooljoeshmo Also, Tom Woods is a Austrian economist. The whole Austrian school spelled out in detail what was happening and why years before the initial effects were seen and felt. The Federal Reserve is the root cause.

[emichik86]

@cooljoeshmo WTF? How does this guy get 20 thumbs up? This guy was said it a million times that the FED caused the boom and now this bust of the past and caused THIS ONE too. Did you watch the entire video?

[ggallman]

@emichik86 - Well, because the FED is the cause of the boom and bust cycle in an effort to fulfill the promise that the FED would PREVENT the boom and bust cycle. It has been so starting in 1913, under Woodrow Wilson. He was a strong implementer of racial segregation.

[emichik86]

@ggallman ?? What does racial segregation have to do with anything? The Fed is the cause of the malinvestments/boom n busts/phony growth we have had in the past 2 decades. The middle class is no richer than it was 20 yrs ago.

But back to what you said earlier...what does racial segregation have to do with anything? And are you a supporter of the fed?

[jjrglobal]

@cooljoeshmo

After the war, huh? You dont know much about the Austrians and you know absolutely nothing about the crisis. Austrian economists including Woods were warning of this crisis as early as 2004, before anyone else. They were ridiculed and called crazy, but they stuck to their guns. Woods explanation is spot on. It was the government that caused all this. Scammers dont go bankrupt or lose money, you idiot

[JakeNonphixion]

@cooljoeshmo You obviously stopped listening to this lecture 10 minutes in. What your saying is completely false. The factors that you describe are SYMPTOMS of the problem. You miss the point entirely. These SYMPTOMS would fizzle out without the federal reserve pouring gasoline in the flames. Woods gives plenty of facts to back this account.

[zoogle1]

@cooljoeshmo Not at all, what always causes these bubbles is rampant speculation and mal-investment. That speculation and bad investing is caused by false signals given by the government such as artificially low interest rates, subsidies, regulations, favourable or non-favourable taxes etc. In this case alot of it had to do with the Fed as usual encouraging rampant bad investment. I promise you if you look into it you'll find that history proves that the free market is a GOOD thing.

[AussieAustrianBlog]

@cooljoeshmo Check the record - Austrians were the only economists en mass to have called the current crisis (amongst most others) and provided coherent explanations backed up by history.

[blahSOL]

@cooljoeshmo WTF. Did you even watch the video? His whole FRIKKIN lecture was the explanation of what CAUSED this current depression. It was certainly NOT because of "scammers like Madoff who "spooked" further investing." Austrian Economists were the heroes before the war even started. Get your "facts" straight before you even talk about theory.

[ExPatriot67]

@cooljoeshmo You're asleep at the switch. As jake said, it seems impossible that you actually listened to this video. Also, the Austrian economists were FOREWARNING of the crisis. It's the Keynesians that develop the perfect 20/20 hindsight. And sadly, the Keynesians are who have the megaphone via public universities and the mass media.

[BarrySlisk]

That was one of the better Tom Woods speeches although the sound quality was bad.

[MsBusiness101]

Twitter & Facebook this link to all your followers!

Then tell them to tell their congressmen to support a SOUND MONEY BILL, so the country never has to bailout wall street investment banks again.

The FEDERAL RESERVE is squandering misallocated resources, causing inflation. Like Woods said, we don't need a new government agency to impose financial regulation just return the country to THE GOLD STANDARD, as in 1879! The last 4th of the century had a big rise in the standard of living

[stater68]

great intro to austrian economics

[Americaisgreat123]

On technicalities, I disagree with Woods and the Austrians in their take on the downturn. They think every recession fulfills their business cycle theory and I just cannot swallow that.

It was a failure of government, but on so many different levels. Woods did not mention the influx in Asian savings rates which drove down interest rates which are really set on the world market even though the fed gives the impression of doing so.

Greenspan's role is over-rated.

I do support ending the fed.

[LibertyWins2012]

@Americaisgreat123 But the influx of Asian saving (which is not a bad thing) continued after the bust, so its prima facie explanatory value is much lower than the Fed, since when the Fed reversed its easy-money policy the bust came promptly.

[DaveC86]

outstanding speech, this dude is a really good speaker. im going to go buy his book.

[supergopi]

wow ! we got a rock star economist

who is daring and not boring !!!

[athalon7]

What a great piece. This guy is smart and funny plus not afraid to speak truth. I will visit his website to review his books. Nice work, Tom.

[bdwilson1000]

A++++

[MisterDajjal]

At 56:54, he says the funniest thing ever. Then I realize how true it is and how sad that no one in Washington understands this.

[WideWorldOfWisdom]

@MisterDajjal

If you notice he's also kind of channeling Gerald Celente there too. That's what made it extra funny for me

[Jaycephus01]

chickenwingerpag: "why doesn't the builder get more bricks?"

It is an analogy, not a real person. The builder is the whole economy, his bricks are all the saved resources available. The interest rate being low encourages him to believe that the saved resources in the economy are high, so he starts a large project. But actually the real saved resources are much less than he believed & are also being consumed by consumers who aren't actually in a savings mode. A bust is inevitable.

[chickenwingerpag]

Is it a bust? A grand project has been started...(keyword: started) And how Woods continues his analogy by having the builder take all the bricks down and start again is a terrible waste of manpower time. I also have difficulty accepting the analogy because I do not believe a finite resource should stop the builder for he can substitute it. Also the builder can always sell a portion of the unbuilt home to the highest bidder to an investor to get more bricks.

[bigbrownanimal]

Its an analogy dude. Usually its good to use your imagination to solve a problem, but sometimes in analogy's, you must instead think of the problem as if it existed in a vacuum.

And either way your reasoning is wrong because in the real world they would just print up pieces of paper that said "redeemable for one brick"....lol

[AtheistThatsATheist]

In other words if that was a business, they would have to stop what theyre doing and sell off in order to continue, their new, much smaller house.

What were being told is the solution is water. That we have a small amount of bricks left but if we break them down and mix them with water we'll have more bricks to build the house.

The proposed water solution however secretly robs everyone of their savings at 5 10 or maybe even 300%

The more they print the shakier they make the foundations, and

[AtheistThatsATheist]

the more wealth is diverted to the people who first print the money.

Inflation keeps it going but robs people the entire times it happens. Money printing is a wealth transfer and evil.

The only way to get out of recessions is to save and produce. Savings are needed for the foundations. Not more water!

[asierra1492]

Its an Analogy. What he is saying is that there is a free market interest rate and if you manipulate it by either causing it to be above or below the market equilibrium it will cause disruptions in the market that will have consequences.

[rumco]

@chickenwingerpag LOL you really are clueless.

[shaqair]

chickenwingerpag - nobody has made the bricks

[n0us3rn4m3s4v41l4bl3]

Tom Woods is a pimp. Meltdown is the shit.

He actually knows how to write.

[chickenwingerpag]

why doesn't the builder get more bricks?

[chickenwingerpag]

so why doesn't the builder borrow against the value of his unfinished home to get more bricks.

[bajoverga]

Because in his analogy, all the bricks have been used to build the house. All the bricks in the example are all the savings in the economy. With no savings (bricks) the builder cannot finish the house because no more bricks exist. The bricklayer isn't an individual, it's a euphemism for the American Economy.

[hugolp]

I love this man.

[djsherin]

This is awesome. Thanks for posting!

We need to get this message out!

[ugadawgs1984]

New Stuff! YES!!! Thank you, I had been missing these lectures greatly! God bless the Mises Institute!

[Br0k3nS41nt]

This guy is a beautiful beautiful person.

[albothor]

thanks to mr.woods there is at least some literary sanity on economics, at least its rational, unlike the irrational explanation of psychological investing. keep up the excellent work.

thanks sincerely

[fantasyfootballgod]

Thank god for people like Tom Woods and Peter Schiff. People who can carry the torch once Ron Paul hangs up his gloves.

[BigCat78]

I wouldn't recommend carrying a torch while wearing boxing gloves.

[delatroy]

lol nice

[harryogre]

Possibly the best all around spokesman for libertarianism today.

[MooseOfReason]

Charismatic and very funny. Great qualities, besides holding a belief in the Austrian business cycle.

[y8r6jrrtfg]

Interesting, thank you for sharing.

[DarthKazi]

This guy is truly amazing.

If only we had some more like him in our crazy government....

[poweroftheglory]

The job of a government is to get bigger.

[Br0k3nS41nt]

True nuff.

Take the government out of the equation, totally.

[stratvic]

People like him don't go into government. .... they have integrity.

[Elasaltaculos]

Ron Paul, Adam Kokesh, Peter Schiff, amongst others are going into government.

I suspect it is to try to fix things to avert a bloody revolution.....

[stratvic]

The best these people can hope to achieve is to put voice to an alternative ideology to the Statism advocated by the two parties in the hope that enough people will say "enough". But they will never convert Statists whose mantra is always "government is the answer" into freedom lovers.

Revolutions need not be bloody.

[jjrglobal]

@stratvic

Tell me one that hasn't

[stratvic]

@jjrglobal

Fall of the Berlin Wall.

[jjrglobal]

@stratvic

That wasnt a revolution, but I get your point about the cold war.

[stratvic]

@jjrglobal There are many;

See: wikipedia - Nonviolent_revolution

[sierrahun1]

@stratvic

the term nonviolent revolution was suspicious to me (thought that was like a non-score football game) so i looked it up. I'm sorry to report it's bullshit. Don' believe it. They citate for exemple the so called easter block in 89. To my great regret I'm from Hungary and noone in his or her right mind would call that a revolution what happened to us back in 89.

[sierrahun1]

@stratvic

Mostly because they included a long negotiation with the communist party how they formulate the constitution before holding free elections in 1990. So it was rather an agreement between the communists and the democrats than a revolution.

Also they count more examples and all of them are false. If you think the people did no agression in the Philippines just explain how they captured the radio (like us back in 1956).

Free from foreign intervention and influence there is no nonv.-rev

[stratvic]

@sierrahun1

Loosely any election can be considered a peaceful revolution. But their are many examples, Gandhi is an obvious example, elimination of slavery throughout the world excluding the US and a few other states, the collapse of the USSR, handover of Hong Kong, Singapore independence, the Louisiana purchase, etc. Not surprisingly these events are less not worthy in the annals of history but that is due to their lack of violence but the are revolutions none the less.

[sfiorare]

@stratvic - oh please, tom woods is just a mises institute prostitute

notice how he shamelessly promotes his books from the very beginning

and what does he ask for in exchange for the books?

[DRNevans]

@sfiorare Every author promotes his books. That's what a "book tour" is for. A publisher would drop an author who sat mute and expected people to find his books on their own. Duh.

[rapidfireXring]

@sfiorare There are few people who don't promote their own books. And what he asks for is money, he would undoubtedly accept silver or gold too. A prostitute to knowledge and understanding? You should be so blessed.

[sfiorare]

@rapidfireXring - prostitutes lie and deceive

[rapidfireXring]

@sfiorare You seem to know more about prostitutes than you are revealing. Now about lying: You stated "at 2:45 ron paul said, "I anticipate, and many Austrian free market economists anticipate, that the recession that's coming will not be a recession at all but it will a depression and it will probably be bigger than the one we had in the 1930s" You stated he was lying, whereas he told the truth and was accurate in his assessment. He has an accurate grasp on facts and cause and effect

[sfiorare]

@rapidfireXring - ron paul was 100% wrong in his 1988 prediction

there hasn't been a depression in nearly 80 years

[rapidfireXring]

@sfiorare You are in a depression now. Just because you have not been "told"? Only an idiot could not see the massive unemployment, the millions of home foreclosures, the loss of industry, the police state and all that surrounds it. There does not seem to be a street corner without some one begging on it. If CNN and Time magazine told you there was a depression, then would you believe it? I doubt you would. But wait! The worst is yet to come and just around the corner.

[sfiorare]

@rapidfireXring - oh please, you think propaganda from the mises institute is credible

you little cry babies have no clue what a depression is

[pretorious700]

@sfiorare the USA is in the middle of one now you blind dummy

[sfiorare]

@pretorious700 - gdp was up every quarter, last year

[KennyGMoneyMaka]

@sfiorare and you're surprised? Of course it's up every quarter when government expenditures are included in GDP. It isn't real at all. The exact same mistakes are being made that were made in Bush's presidency. Trying to prop up the economy that needs straighten itself out through the printing of money. You try to discredit the Mises Institute through personal attacks. Typical government apologist. Or do you accept Keynesian propaganda as credible?

[sfiorare]

@KennyGMoneyMaka - i don't have to say anything to discredit the mises institute, that do it to themselves

the only school of economic thought that's more archaic than keynesians are the austrians

[KennyGMoneyMaka]

@sfiorare Great response. Instead of providing your valuable insight into economic theory, you again resort to calling the Austrian school "archaic". You are just so enlightened aren't you? So I'm going to assume you have no idea what you're talking about or you would have addressed the economics in my earlier comment.

Good day Sir.

[sfiorare]

@KennyGMoneyMaka - not only is the austrian school archaic, its views are so cranky and idiosyncratic that one can only wonder that they have been taken seriously by anyone

[KennyGMoneyMaka]

@sfiorare hahaha. Yes we are all so eccentric. Keep proving my point that you know nothing on the subject. I love being proved correct and given a good laugh at the same time.

[sfiorare]

@KennyGMoneyMaka - evidently you have no clue what proof is

[KennyGMoneyMaka]

@sfiorare Yes you are absolutely correct. I have no idea what proof is because you aren't posting any against this video. Brilliant logic sir.

[sfiorare]

@KennyGMoneyMaka - what grade are you in?

[KennyGMoneyMaka]

@sfiorare There you go again, making pointless statements. One last time: do you have anything to add to the conversation other than personal attacks? Specifically, your comments about GDP and mine about inflationary policy. I should be the one asking what grade you're in for you child like behavior. Call people names and make fun of them when you know you're wrong.

[malkooth]

@sfiorare The Austrian School IS the problem. 

[Pwecko]

@malkooth Ha ha ha. Very good. The Austrian school created all the ills that we are now experiencing? Wonderful. Thanks very much for that. I was feeling a bit down today but that's really cheered me up. Do you do stand up? I would pay to see you.

[Woodchuckk]

@malkooth

All those damn Austrians Infesting DC, the Fed, the treasury, on CNBC and ivy league schools.

Right.....

[malkooth]

@Woodchuckk What a dumb fuck. Can you say that cocksucking Arab Jesus is not infecting DC, Mega Churches, Rethuglicans etc etc? You need everything to be on the surface so you can understand it.

[Woodchuckk]

@malkooth

I have no idea WTF your talking about, are you trying to insult me for being Christian ? (i am atheist by the way) or are you implying that Christian Republicans are at fault for the bad economy ?

Anyone know wtf this malkooth guy is saying?

[malkooth]

@Woodchuckk Typical, ZERO understanding of simply language. You point out that OBVIOUSLY there are no "Austrians" in DC etc I point out that there may be no Aramaic folks in New York or Alabama but Jesus' presence is so strong there that he is making everything die. Learn to read dumbass. Republicans and Christians ARE THE PROBLEM - you are murdering the fucking planet with your bullshit.

[Woodchuckk]

@malkooth Its your thinking that is killing the planet, You somehow think that Democrats are good and Republicans are bad, Obama is no different than Bush and your hate & partisan bullshit are what they use to divide us, while they the elite enslave us and make us poor.

We Austrians only want to be free of "their" system.

Or at the very least to change course an avoid the coming global currency collapse, sadly i think our fight is feudal and your side wins , Congratulations!

[Woodchuckk]

@malkooth

Search on youtube " Zimbabwe bread for gold" That's where your path leads, on a global scale.

[malkooth]

@Woodchuckk Typical Xtian scare tactic. Its as if science and culture didn't exist right. Your stupidity plays right into the hands of the corporate sociopaths. Get and education and quit whining.

[tadaa11]

@malkooth Inflation adjusted income has been stagnant for 40 years. GDP per capita has steadily increased. In other words, the inflationary credit expansion policy isn't helping most people. All its doing is making things more expensive. Haven't you heard anything tom woods has said?

[malkooth]

@tadaa11 Tom is an asshole as are you for not seeing the bigger picture. The mother fuckers who follow the Austrian school ARE THE PROBLEM. Now go suck off your grandfather and get some rest.

[tadaa11]

@malkooth How can the Austrian school of thought be the problem? Facts under Austrian economics: giant over leveraged financial institutions wouldn't exist. The price of healthcare, gas, education, etc would be much lower.Honesty would be rewarded. Savings would be rewarded. BTW, we've been following Keynesian Economics for almost a 100 years! It's clear that you know nothing about the differences, because the only thing you can say is "fucking treasonous garbage". Thats your argument?

[malkooth]

@tadaa11 Libertarian bullshit you spout. Look at Woods an asshole Republican. Enough said. Fuck you.

[malkooth]

@tadaa11 What you really want is to sit on your fucking fat ass and have people 'present arguments' as to why you shouldn't suck the big fat cock that you're sucking.

[tadaa11]

@malkooth "Libertarian bullshit you spout." Why?? I find it funny that you have no rationale for whatever it is that you believe. Please show how pathetic you are by throwing more baseless rambling this way

[malkooth]

@tadaa11 How the Catholic Church Built Western Civilization, was the basis for The Catholic Church: Builder of Civilization. What kind of asslicking bullshit is this? You are one sorry piece of fuck. Dumbass.

[Skeptic121]

@malkooth Cowardly men who use your sort of language anonymously rarely have the courage to do so in person. This is not elementary school. You get no credit for using language more vile than anyone else's. You lack the IQ to write a clear argument. I live in Downingtown, PA and I will be happy to meet you in person anywhere nearby and tell you to your face: you are an ignorant coward.

[malkooth]

@Skeptic121 Why do closeted faggots like yourself always think you can 'solve' your bullshit identity issues your fuckhole bigotry by attempting to kick someone's ass? A. Cause you have little knowledge of life other than the suckling of your daddy's asshole.

The same reason why cocksuckers like yourself waddle around in bullshit phony racists bullshit adolescence like Tom Woods and the Austrian school. Pussy.

[Skeptic121]

@malkooth Gosh, what a big brave man you must be, and so fearless too. Where did you say you wanted to meet? Oh, that's right you didn't because you are a COWARD.

Cowards often mistake vile language for courage, until the meet a real man. Then they slink away like you do from me.

[malkooth]

@Skeptic121 Suck a dick pussy. 

[Skeptic121]

@malkooth

"suck a dick pussy" Wow! What a snappy comeback! Touche! You got me!

[malkooth]

@Skeptic121 So you haven't defended the Austrian school yet. How you gonna do that?

[tadaa11]

@malkooth Tom Woods is a historian and a Christian. What does that have to do with economics? Ludwig Von Mises, the founder of the Austrian School, and Hayek were Jewish. Does this mean that Christians are wrong about everything they say? You’re a sheep and Obama and Wall Street is your Sheppard. I gave you a bunch of facts, that’s not the problem. I’m still looking for something, anything related to the Austrian school of economics or economics in general.

[malkooth]

@tadaa11 You are fighting your little straw man. I said nothing of anything you are railing against.

Milton Freidman was derivative of Austrian scholl and Freidman is a fucking failure. Your pathetic unrealized personality thinks that by adhering to some fantasy worked out as Russia breathed down Austria's neck is applicable to the complexity of

[tadaa11]

@malkooth How is Milton a failure? The Austrian School of economics Pioneered modern economics. The only differences are that Politicians, bankers and wallstreet wanted a socialized printing press for bailouts, war, other general corruption. You think one guy, whom couldn't even see the collapse coming (2006), can handle this complexity? Your blinded by your hatred for "everyone" i guess. Facts: money supply 10 trillion, Debt 56 trillion. Does that seem sustainable or even possible?

[malkooth]

@tadaa11 You are using the same ideas/people to 'solve' problems as if psychopathology has nothing to do with it. It is not just numbers. People at the top are sociopaths. No matter what system and espcially one like the Austrian school's laissez faire only encourages the mother fuckers. Your undeveloped psychology only leads in small circles. You are doing your best to give the same type of slime more power.

[tadaa11]

@malkooth Getting rid of the central bank would destroy them. How many top rich people are talking about getting rid of the central bank? They get the loans and they get bailed out, its a monopoly. Undeveloped? Its quite clear that you don't understand simple concepts like property rights, innovation, and productivity. How can you say laissez faire does anything? We've had this central controlled, over leveraged, inflate, and work till your 101 years old system for the last century

[malkooth]

@tadaa11 Fuck the central bank I'm with you on that but the lead into Libertarianism is bullshit. That is fucked and will not work. You do not understand that all your fizzle about property rights innovation etc only gets fucked up the ass by criminals either in central banking or corporate power. Watch The Mayfair Set and get back to me. It is on YouTube.

[tadaa11]

@malkooth I dont know what system you like, but they ultimately take from capitalism. Closed communist systems progress slowly and don't provide the productivity needed to create the standard of living that most people are accustomed too. You can get around this by taking over businesses in a place like America. The best system in my opinion is local government, because you can control them. I'll check it out

[malkooth]

@tadaa11 If you want to see a irrational basis for fear of communism read Male Fantasies by Klaus Thewleit. Hard to find but well worth it for the honest person.

[malkooth]

@tadaa11 BTW fuck Christianity.

[jbz0131]

@malkooth I find it funny that you, in the same sentence call someone a bigot and a faggot. I find it funny that you tell people to get an education when EVERY thing you say is just a bunch of vulgarity and lacks any sort of logical argument, all while using horrible grammar and spelling. Learn to write properly and perhaps know the first thing about the topic you are discussing before acting like you actually have something to say. Kthnx..

[malkooth]

@jbz0131 Why are you so nosy?

[malkooth]

@tadaa11  today's sociopathic controlled world economy just shows as a person you are so undeveloped as to follow an ass breath like Tom Woods. Christianity is total bullshit.

[malkooth]

@tadaa11 Tom Woods says he is a historian so fucking what. I can say I'm a historian too. The proof is that he is offering the same tired patriarchal Christian hierarchy bullshit as always. Guess what that same hierarchy hates communism. Why? Cause to their little Xtian ballz communism represents uncontrolled femininity. Bullshit. Closeted homosexuals they all are worshiping a fucking hairy Arab named Jesus. Get fucking real why in this day and age would anyone worship a fucking Arab?

[malkooth]

@tadaa11 On second thought you for even suggesting Tom is worth anything at all are a piece of fucking treasonous garbage without the intellectual honesty to be an American. Fuck you and fuck Tom Woods.

[mlkia13]

@malkooth Why don't you kill yourself so you can "releive" mother gaia from the burden of your disgusting existence you pathetic bag of flesh and bones...

[malkooth]

@mlkia13 milkymouthcum can you post a pic of Glenn Beck shitting in your mouth?

[malkooth]

@sfiorare The essence of fascism: "gdp was up every quarter last year" if you sinister children who love murder and Christ can't unpack that statement then the cankers in the throat have you forever.

[Digali]

@stratvic What about Ron Paul? I know he is an outlier among politicians (unfortunately), but he definitely has integrity@