Capitalist Disaster: Citigroup, Merrill Lynch, Lehman, AIG etc...

[stano99x]

I keep waiting for some of these guys to be sent to jail. The whole management group at Merrill Lynch should be doing hard time.

[AlessandroMachi]

I hope you can join my protest against the credit card companies. The media nor celebrities will help us on this one.

Those laws being passed to protect the consumer have given the credit card companies plenty of time to do their damage before they take affect.

Click on my name to learn more. Daily-Protest.

[LastTrueLiberal]

I love how these people manage to ignore the Federal Reserve's decision to lower the reserve requirement and drop interest rates to 1% when analyzing the cause of the credit bubble. Only the arbitrary price fixing of the fed can create the whimsical fascistic economic system we have today. It must take an extraordinary will to ignore the elephant in the room.

[rlkay001]

The banks need to be put into bankruptcy with vital(non speculative) functions operating under bankruptcy protection.

It was treasonous of congress to give the banks a no-strings attached bailout. Such money would be better spent rebuilding the nation and keeping the public housed and fed.

[Ralphdraw3]

removed, asshole

[experimentsingeekdom]

Its corrupt because crooks control the money supply. I suggest you do some more research and read your history before making nonsensical videos like this.

[experimentsingeekdom]

We never had a "free market" in the first place - not since 1913 anyways. What we have is corporatism where the corporates are hand in glove with the govt. to loot the working people.

[SoGladUCame]

This is ridiculous. The reason this happened is because the government artificially held down interest rates low, and because Fannie and Freddie were encouraged to take riskier applications from there everyone jumped on the big credit orgy bus.

However, what would your solution be? Obviously the government is not the answer as they are the greatest contributor to the crisis.

Anyway, if Ron Paul was in charge at least the "crooks" would not be getting trillions of dollars from the government.

[Ralphdraw3]

Paulian Circular Logic -

BIG QUESTION:

WHY WOULD ALL OF AMERICAN BUSINESS/CORPORATIONS AND WALL STREET PERMIT BUSH TO C-R-E-A-T-E A RECESSION WITH POOR MONETARY POLICY?

IS AMERICAN BUSINESS THAT STUPID AND CLUELESS?

What happened to the "best and the brightest" on Wall Street?

[JJKOOKOO]

MBA school? Stock Options? Poor people are criminals? Minimum wages? Evil unions. Weapons of mass destruction? Who's son is president to be replaced by who's wife? What was your first clue it stank?

[Ralphdraw3]

quote:

I am an accounts supervisor at a large multinational specializing in corporate ethics.

@@@@

CORPORATE ETHICS???? there isn't any corporate ethics... - ethics don't go well with greed and the profit motive..

[JJKOOKOO]

you need an MBA in hyperbole to fully comprehend the new productivity paradigm!

[Ralphdraw3]

sorry, can't get an MBA - the recession and credit crisis here in the United States is really hurting me - I can't afford an MBA and the banks aren't loaning money..

@@@

Here's to

CANADIAN SOCIALIZED HEALTH SYSTEM

and

"CORPORATE ETHICS" LOL

[Ralphdraw3]

you need a Master's degree in mink....

[caganb]

It's too late for Ron Paul. We got Obama. Ha Ha HA. Now we are screwed

[Ralphdraw3]

What happened to the "revolution"??

ha ha...

[gonjamon99]

The inevitable path that Ron Paul types would take the world would very likely be towards -FEUDALISM- and -SERFDOM-.

[experimentsingeekdom]

Sorry, but that's what we have NOW, you idiot, if not worse. Wonder why you can barely eke out a living despite toiling for 8-12 hours a day?

[gonjamon99]

experimentsingeekdom, "Wonder why you can barely eke out a living despite toiling for 8-12 hours a day?" No, because I neither toil nor barely eke out a living. Do you really live in India?

Now, the 8 hour work day was instituted thanks to the socialist movement. If the world was ran by CEOs--i.e., what Ron Paul cultists want--you'd have 24 hour work days--like in the Scientology cult. Next time, do a little research, cultie.

[experimentsingeekdom]

Ouch! Din't know you were part of the "elite" assholes. Fuck off now.

[gonjamon99]

Ron Paul cultists and deregulation loons are comical. I had watched Peter Schiff's very interesting presentation he did few years ago about the housing market bubble: I know he's not entirely full of shit. But as with every other CULT, no matter how reality contradicts your absolutist ideology, you will stick to it and say and DO the most absurd things.

[lou737]

Congressman Louis T. McFadden on the Federal Reserve Corporation must read

[japicuca]

VIOLENT FEMMES QUOTATION:It's of utmost importance, we're dealing with volatile substance.(...)Listen to me baby.

Can you keep a secret for me?

Make sure no one finds out,

cause then the lights will go out,

and I will find you out,

and I will cut you up.

Uh hmm, don't ask me why, (...)Do want to see, do you wanna see what it's like to sink?

Sink down, sink down, sink down, down, down to the bottom of the river.

Sink down, sink, sink down down. DON´T KNOW WHY IT REMINDS ME SO MUCH THIS CRISIS.

[cushy1900]

As a staunch communist I think this is good news.

Before you ask i own my home, out right, I saved and i bought, actually I'm pretty successful. NO DEBT.

Never believed you city types were much use, except for testing cancer drugs.

[speciesamused]

Yes sir. Corruption at its finest, free market. Oh I am disgusted. It has affected most people in this country except the top one percent who hold most of the wealth. Vampire elites. No oversight means no accountability. What blows my mind is that we the people rewarded them. I have aged a great deal in the past two years. Thank you Ralph you are a gem.

[experimentsingeekdom]

We never had a "free market" in the first place - not since 1913 anyways. What we have is corporatism/fascism with the veneer of so-called democracy. There CANNOT be a free market till the money supply is under govt. control.

[Ralphdraw3]

How on earth did the great free marketeers and the great capitalists allow EVERYTHING to be ruined in 1913???

It was all peachy keen until 1913... low wages, poverty, unemployment, hunger, discrimination, even some child labor here and there...

What happened to the utopia???

[experimentsingeekdom]

Because all of 'em wanted a "free lunch" at the expense of working people. They were not content with getting their fair share. I am not saying it was a perfect world, but shit on the scale of Great Depression didn't happen until then, and boy, this one is gonna make that look like a vacation.

[Ralphdraw3]

I thought that the businessmen, the capitalists and the free marketers knew that there is no such thing as a "free lunch". I thought they knew this in 1912. So what happened in 1913? Did they all get stupid or something?

Please explain this failure by the business leaders and the "elite".

[experimentsingeekdom]

Well they are getting a free lunch at YOUR expense, and because you are gladly allowing it by accepting issuance of paper money by the govt. I would love to explain, but if just state a bunch of stuff, you'll immediately go into denial (which is a natural response I think). Start by reading up on the monetary system we follow, why we follow it, its flaws/advantages, the gold standard...as you research more things will become a lot clearer. Good luck.

[Ralphdraw3]

Still haven't answered the question what happened between 1912 and 1913 - when the capitalist and businessmen and the free market people LOST CONTROL OF THE SYSTEM...

Get off your ASS and make a video... - 9 minutes explain to the world your 1913 theory..

Good Luck..

[Ralphdraw3]

NAME O-N-E BOOK (and its author) on how the entire capitalist fell apart in 1913 with the change of the monetary system.

Good luck...

[experimentsingeekdom]

Experience runs an expensive school, but fools will learn in no other - Benjamin Franklin

[Ralphdraw3]

I can get adages from Ben Franklin, in MANY other places - books, collectons etc..

[experimentsingeekdom]

Of course I know its impossible to convince people who think differently, but the reality as it plays out will confirm what I know to be true, and that is enough. I ain't devoted to any ideology - just the facts as I see them.

[Ralphdraw3]

you're devoted to monetarist ideology... just like Ron Paul - your cult-hero..

[porche75]

The mafia in our government and in these industry isn't capitalism. Had they failed, the credit unions who were better with money would've gained their business. That's how competition works. Extorting money from people and taxpayers is called theft. It isn't capitalism.

I'm not one of "those Ron Paul" people. I don't think eliminating the Fed is going to be enough. The state needs to be removed from Corporate America and private interest.

[mrzack888]

what free market? America never had real free market. boy this video is extremely ignorant. Just because it's called "free market" doesn't mean it's really Free market. When the market is under the control of one man dictating interest rates, and nation states under NAFTA and WTO rules, unable or unwilling to put up protectionist measures if it choses, how is that free trade?

[Ralphdraw3]

QUOTE:

"HE UNDERESTIMATED THE UNABASHED COMPLICITY OF THE UPPER CLASS OF AMERICAN CAPITALISM..."

You can quibble with the Wall Street analysts whether this is capitalism or not - they think it is... ARGUE WITH THEM..

[JoeTube27]

Thank you BagOfeyebrows, yes this has nothing really to do with Ron Paul at all. oh well.

[Ralphdraw3]

Obviously, You have not understood this video and you have not bothered to read the article on which it is based,

oh well, ignorance is bliss

[Rowdyeh]

It's all about greed, no wonder ALL banks are on the nose! The CEOs are massively overpaid for what they do! Some severe regulation is needed to fix this now!!

[qanazir]

Marx Was right...

Capitalism should never go untamed.

[jinjin16]

i like that - so true but then again nothing should ever be left to go untamed.

[JoeTube27]

The only thing that has ever solved human problems is resources, and technology. Governments have no technical ability to solve problems, they can only pass laws and declare war.  If you really truly want to end the problems in society you need to end the monetary system. It's primitive and counterproductive. It also paralyzed technology.

[Ralphdraw3]

Wrong:

Government protects its citizens; maintains order; assures that laws are abided; and that all people are treated equally before the justice system - in civil and criminal matters.

The government educates the citizenry as the "free market" has never been interested in widespread education of the populace.

Government also creates infrastructure - road, brigdes, water/sewers, hospitals, colleges et

It funds risky ventures (space travel etc.)

Tell Ron Paul for me and the other Paul-bots

[JoeTube27]

LOL ok. Well first off laws are just a result of insufficiency. Governments do not use resources intelligently, which causes scarcity, which causes the bad human behavior. So Since they do not know how to solve a problem they write a law. Also governments dictate what and where something can be built without real concern for society, and they only fund it, they do not build it.

[Ralphdraw3]

You don't like laws???

Have you tried living in a jungle?

LOL

Businesses don't use their resources intelligently - they over-pay their incompetent management and under-pay the workers and rip-off their customer

See quote in video "I know you're going to screw me, just tell me how you're going to screw me." THAT'S BUSINESS IN AMERICA - PEOPLE TRYING TO SCREW OTHER PEOPLE IN THE FREE MARKET.

LISTEN TO THE THE VIDEO, AGAIN. THEN READ THE ENTIRE ARTICLE LINKED IN THE BOX.

[JoeTube27]

Oh I suppose you just love our tax laws. Workers are underpaid I agree, it's also due to the fact that you have a corporate tax which causes the pay to be less for workers.

People would be more ethical in a resource based economy as opposed to a monetary.

[JoeTube27]

ALso what is wrong with Ron Paul? Hmm Smaller Government, low low taxes, keep spending under control, and no nation building. WOW yeah I guess those are all bad things right?

[Ralphdraw3]

Ron Paul??? Small government??

try this:

SOCIAL SECURITY

MEDICARE

MEDICAID

Even The Great Ron Paul knows that these programs aren't going away.

[JoeTube27]

Not any time soon but if the right people were in office we could see some kind of alternative. But that is wishful thinking. I think you are gonna see a tax revolution near the end of obamas term. People are not happy with our current system. I find it funny how we can be 10 trillion in debt and somehow get an extra 8.5 trillion for bailout crap. Our money system is a complete scam on society.

[BagOfEyebrows]

he had a plan to phase them out, while keeping promises made to those already dependent on the system(s) - Ralph, you seriously need to read up more on the truth -

The free market would work, and it wasn't capitalism that died. But it will be spun that way - by the same media that you trusted to give you 'facts' with Obama, and you got suckered then, too. Don't get suckered again with the monetary system and the free market.

[Ralphdraw3]

Make a video....

tell me all about..

quote some articles!!!

give a link to what I should be reading. (other than Ron Paul who has a major crush on the free market not matter how crumby it gets

Forget "Media": the people who I quoted in this video WORKED ON WALL STREET AND WERE NOT JOURNALISTS. The main writer quit Wall Street in disgust.

Hint: I get my facts and truth other than One Person Named Ron Paul... In fact, I use multiple sources!!! YOU SHOULD TOO, so should the other Paul-heads..

[BagOfEyebrows]

this has nothing to do with Ron Paul, Ralph - question for you: do you think it was the free market that got 'crumbly' ??? Also, what makes you think that RP supporters don't question and research things upon their own using numerous sources and forms of info gathering? google Creature From Jeckyll Island (sp?) and watch Money Masters -

[JoeTube27]

Also LOL you cannot have free markets when we practice Communism. Having a central bank, income tax along with many others, are all in the communist manifesto. Our poor educational system has misguided this country since 1913, along with our crappy media to pound this in people heads.

Free market ex. you make 50,000 you keep 50,000, again people need money not the government. They have enough. They just spend like drunken sailors. Also fiat is a joke.

[Ralphdraw3]

I don't care about 1913 or buzz-words like "communism".

You explain to me the outright thievery and incompetence on Wall Street talked about in this video...

[JoeTube27]

You should care about 1913, and communism. That is causing some of the problems in america. You should look up 10 planks in the communist manifesto.

[BagOfEyebrows]

Well said, JoeTube27 - everyone in the USA should read up more on what happened in 1913, and how it impacts us (very negatively) today - and what happened to us in 1913 happened to the EU - they got swindled by the same international bankers with fiat money. It's so mindblowing - and, yet, if you follow the money, not so mindblowing.

[Ralphdraw3]

What happened or did not happen in 1913, has little or nothing to do with issues in my video.

In fact, "1913" is not mentioned a single time - not in my video nor in the ENTIRE 17 page article which I quote from and which neither of you have read.

[BagOfEyebrows]

The article is only 9 pages long on this end (does it print out as 17 pages with comments added or something?) none the less, assuming we read the same piece, each time the author couldn't understand how (to quote) "they kept on growing" in spite of unsustainability, fraud and incompetence, the answer he has still not figured out, decades later, is that 1913 and the Federal Reserve are 'how' as well as 'why' certain things were allowed to occur;once he learns that, maybe he'll write a new book.

[JoeTube27]

I think you are lost, Ill read the article. I am just brining up the importance of understanding our crappy banking system.

[JoeTube27]

Can't have free markets with OUR tax code. End the Fed, Corporate tax, Capital gains tax, and income tax. People need the money NOT THE GOVERNMENT!!!!

[Ralphdraw3]

Bullshit - this had nothing to do with the tax code:

This had to do with lying and corruption and thievery on a massive scale..

[JoeTube27]

I know, I just thought I would put that up anyway. People cannot be ethical in a monetary system. Corruption, lying, greed, war, recession, foreclosure, crime, health problems are all built into the monetary system, so no law you pass or public official who takes office will ever solve those problems.

[Ralphdraw3]

Clueless

PEOPLE ARE UNETHICAL IN ANY SYSTEM - MONETARY OR NON-MONETARY..

[JoeTube27]

The monetary system amplifies unethical behavior as opposed to a resource based economy. Until we evolve into the understanding of natural law, yes being unethical will still be. I agree.

[Ralphdraw3]

There is no evidence of people's ethics being affected by monetary system or a non-monetary system.

This is a RonPaulist ideological delusion...

READ THE ARTICLE - LEARN HOW AWFUL AMERICAN BUSINESS HAS BECOME, ESPECIALLY IN THE LAST 20 YEARS - ever since Reagan and Unbridled Greed became a Virtue

[JoeTube27]

Clueless, NO evidence, WOw old man How about the bailout among other things. The monetary system is the grass roots for most all economical problems. lol no evidence. You actually belive people and governments accounting books are all in line? Wake up!

[porche75]

Ralphdraw3, Corporate America pays our government $300 billion each year in taxes plus bribes. The government collects $1.25 trillion dollars from income tax. That's 4 times as much as they collect from corporate America. And as you can see, our government continues to pander to the corporations. Banning the income tax would allow $1.25 trillion back into our economy since our government isn't representing us anyways.

[Ralphdraw3]

LOL!!!

You want me TO FEEL SORRY FOR THE WALL STREET CORPORATIONS??? The CEO's at these corrupt firms make anywhere between $10 million a year to $100 million a year.

THESE GUYS ARE THIEVES - THEY ARE RIPPING OFF SHARE-HOLDERS, SMALL INVESTORS AND PENSION FUNDS - THEY A-L-L BELONG IN PRISON. (just like the thieves and con-men from Enron and Arthur Andersen)

As you can see, big Wall St. corporations continue to rip off the small guy..

[cushy1900]

Can't speak for the US but here in the UK that's exactly how it is.

I say let them sink, it will be painful at first for the masses as for the fat cats arrest them, (without trial, lawyers are included) put them in concentration camps and get them sorting trash for recycling.

Their pay 1000 calories a day and all they can find in the trash.

[Boomer1949]

I had some trouble following this video's subject matter.  Maybe it's because I'm tired.

[DonMiliahn]

Have you even listened to Ron Paul? Please

[Ralphdraw3]

I have I heard The Great Man speak? Of course, I have: Ron Paul is plastered all over You Tube.

Have you been watching or reading about these Wall Street firms? I suggest you read the article I read from. It's a little on the long side - 17 pages. But it makes very interesting reading.

Try it.

[austinw356]

How can anyone equate any of these firms "to the freemarket"? These big corporations at the top are the creation of corporate fascism, not the free market.