Good video Bob. You posted this video almost exactly one year before the collapse happened in September of 2008. You were dead on in this rant about the problems the Federal Reserve's low interest rate polices would lead to!
The American Dollar is destined to become toilet paper and a gradual decrease in the average American's standard of living is what is next. The Aussie recently surpassed the Greenback in value, the first time in decades, the US greenback is set to fall again. Yes America is going down the toilet, and the Fed will continue to print money without end. This is not going to end well for the USA.
They had to reduce interest rates because if spending declines more the economy will go into MAJOR recession. The USA does not actually produce anything anymore, its is merely a consumer economy.
The US dollar now trades below the CANADIAN DOLLAR!! Its getting on to being half of what the EURO is worth and even SAUDI ARABIA and OPEC countries are going to dump their reserve of US dollars and start charging Oil stock in EURO'S LOL!!!! I love it!!!!
yeah, Ill just assume you meant the FED when you said the govt. Its often confused but the distinction is important. This is a legally operating for-profit corporation, whose owners remain unknown, setting the inflation rate and in charge of printing and controlling the value of our currency. If we all stopped using it, they would be powerless and we could take our country back.
Unfortunately, the economy won't improve until rates increase, the US develops a proper economy where the world buys what we make, and Americans learn to live within their means.
The Federal Government did not lower interest rate. The Internationally Owned and Controlled US Federal Reserve Bank lowered interest rates. You are totally uneducated in your history of the US Federal Reserve Bank. The US Federal Reserve is no more Federal than Federal Express. The corporation lowered Interest Rates not your Government.
Um... the government didn't lower the intrest rates the feral reserve did. The federal reserve is not part government it's privately owned. The federal reserve board (the wevsite people tell you to go to) is not the reserve. But you are right. Fallow the money a little more and you will be even more upset.
The answer is....let the mortgage vompanies take the heat for being irresponsible and sloowing these mortgages to be written.Plus lower interest rates.AND the American people should not buy til they lower prices. Over $500K for a single family home in my area! It's still only $30K in materials to build a home. THINK AMERICA THINK!
Love your rants, but just an FYI about the Interest rate cut - The Federal Reserve isn't actually part of the government, they are totally independent, though it's pretty clear that Bernanke is just as beholden to the Wall Street, the politicians as Greenspan was....
If you don't come on board with Ron Paul I'm gonna scream, er... well, pehaps I'll think of something else to do, something you have done alot of yourself. :-) JK Luv ya Bob, keep up the common sense vids and VOTE FOR RON PAUL!
lol good one lulu8508. When will we see a pro-common sense presidential video from Bob? Perhaps about the absurde media bashing and/or media ignoring RON PAUL? Or perhaps about the laughing hyenas Giuliani and Romney during Paul's response time during a presidential debate? :-) Come on Bob you know you love Ron Paul!
I know I can't stand Giuliani...Especially when Dr. Paul Answered his question about Why he was the only Republican to be against the war... He needs more attention...I have him on myspace and Facebook and soon to order a Shirt and Bumper sticker...!! Oh btw Anyusmoon1 I subscribe to your Channel!! Great Job!! You to Bob!! Keep them coming guys!!
Oh man do I feel stupid... LULU8508 yessss thanks. Sorry I spaced. And BRAVO for stying on top of the Dr. Paul things-to-do-list. How about a meetup-have you joined one yet? :-)
Sorry I didn't recognize ya lulu thanks for commenting.
It's not even the government that lowered the interest rate, it was the Federal Reserve. Don't let the name fool you, the Federal Reserve is not a part of the givernment, it is a PRIVATE bank. "The Federal Reserve is no more federal than Federal Express." Congress screwed us over in 1913 when they gave the power to create money to the Federal Reserve, now our dollar is only worth ~$.04. Save America, get rid of the Federal Reserve, the IRS, and the Income Tax, elect Ron Paul 2008.
People will keep on using credit cards, many times to rob Peter to pay Paul (whatever that saying is). MOST PEOPLE ARE NOT RESPONSIBLE. It's the American way. Credit cards.
I am also sick of this country going out of the way to bait out stupid people who tried to get rich quick. The guy that is responsible, pays his own way, and budgets his money is pretty much RAPED by the powers that be. The elities steal billions from the taxpayer and the lowest of the low get a free ride with social programs from cradle to grave.
F*** the banks for ripping people off. But still, people need to stop biting off more than they can chew. I'm 25 and never needed a credit card, and now Bob has convinced me even more not to get one.
Credit cards are the smart way to purchase as long as you pay what you owe when it is due. Bob's message is that you need to plan out your budget and only spend within it.
Things are easier said than done. People like bob who makes perfect sense of things could drive themselves to suicide by the stupidity of politicians.
You are so wrong about why foreclosures are at all time highs, you blame the people, not the banks. The banks sold these loans that triple the payments. It isn't people living above their means. Could you afford a triple payment on your mortgage? Shame on you for blaming the people who have no control.
ladalang: problem with your argument is-- those people had the choice NOT to take those mortgages (hence control). If they couldn't afford triple payments. they shouldn't have accepted the terms of the mortgage.
you're right on blaming the banks. But, the people are also responsible. And if they're not responsible enough to read the terms of THIER mortgage. they also aren't responsible enough to own a home.
ladalang: He is not wrong at all. Everyone knows how much money they have, and if you buy something you cant afford you shouldn't expect to keep it. I am not responsible for that person but the fed just made me responsible for them by assuring the money I'm saving will become devalued. So now the broke guy has a house (for now), and I will not be able to afford one because my cash is worth dirt. Wall St is making a profit off of bad bets and getting rewarded for it.
you watch too much Fox TV. Your money has no value because the federal reserve keeps printing more and more. Our monetary system is based on debt. We need to go back to the gold standard. Blame the consumer rather than the real greedy bastards; bankers. that way they never take any responsibility. You are clueless.
"Blame the consumer rather than the real greedy bastards; bankers. "????
You don't have to let one off the hook to blame the other. Both consumers and bankers are partially guilty, even though one party is more so than the other. Don't assume anyone is saying the banks are innocent by placing some of the blame on consumers. That is illogical. People are not clueless for disagreeing with "ladalang" or for watching Fox news.
It's a fact, that there is no excuse for ignorance. These people signed a CONTRACT knowing full good and well at the beginning that they could be faced with a higher rate at some point. If they were not RESPONSIBLE enough to calculate their risk based on the worst case scenerio, then they are to be held responsible. Bailing them out only encourages further abuse of the credit system.
Good video Bob. You posted this video almost exactly one year before the collapse happened in September of 2008. You were dead on in this rant about the problems the Federal Reserve's low interest rate polices would lead to!
LibertyMike1 1 year ago
@LibertyMike1
The American Dollar is destined to become toilet paper and a gradual decrease in the average American's standard of living is what is next. The Aussie recently surpassed the Greenback in value, the first time in decades, the US greenback is set to fall again. Yes America is going down the toilet, and the Fed will continue to print money without end. This is not going to end well for the USA.
Gabbo2010 1 year ago 2
well this guy is ignorant because he obviously has no idea what communism really is so shut up we do have a clue
860KillaTom 1 year ago
the best punishment is to leave people to the consequences of there actions.
T0mmy9898 2 years ago 11
This comment has received too many negative votes show
how the fuck is this guy ignorant? seriously? explain. i guarantee you don't have a clue.
Jda4160 3 years ago
This is not a business cycle. Its the end of the US and govt band aids will only give minor relief
ugha323a 3 years ago 4
They had to reduce interest rates because if spending declines more the economy will go into MAJOR recession. The USA does not actually produce anything anymore, its is merely a consumer economy.
The US dollar now trades below the CANADIAN DOLLAR!! Its getting on to being half of what the EURO is worth and even SAUDI ARABIA and OPEC countries are going to dump their reserve of US dollars and start charging Oil stock in EURO'S LOL!!!! I love it!!!!
Monthagny 4 years ago 2
This comment has received too many negative votes show
I think this guy is high school dropout
No wonder he's so ignorant
CXFactorX07 4 years ago
YOU are ignorant
inuredbass 4 years ago 7
yeah, Ill just assume you meant the FED when you said the govt. Its often confused but the distinction is important. This is a legally operating for-profit corporation, whose owners remain unknown, setting the inflation rate and in charge of printing and controlling the value of our currency. If we all stopped using it, they would be powerless and we could take our country back.
acidbass808 4 years ago
This comment has received too many negative votes show
This guy is a moron.
tiredoflies 4 years ago
This comment has received too many negative votes show
the goverment didnt lower interest rates you dumb ass
d1mf1n 4 years ago
Unfortunately, the economy won't improve until rates increase, the US develops a proper economy where the world buys what we make, and Americans learn to live within their means.
alfster1 4 years ago 11
The Federal Government did not lower interest rate. The Internationally Owned and Controlled US Federal Reserve Bank lowered interest rates. You are totally uneducated in your history of the US Federal Reserve Bank. The US Federal Reserve is no more Federal than Federal Express. The corporation lowered Interest Rates not your Government.
turfgrassearl 4 years ago 4
Um... the government didn't lower the intrest rates the feral reserve did. The federal reserve is not part government it's privately owned. The federal reserve board (the wevsite people tell you to go to) is not the reserve. But you are right. Fallow the money a little more and you will be even more upset.
Akyrumunios 4 years ago 2
Atleast I thought it was!
FreakOfDaVideo 4 years ago
The answer is....let the mortgage vompanies take the heat for being irresponsible and sloowing these mortgages to be written.Plus lower interest rates.AND the American people should not buy til they lower prices. Over $500K for a single family home in my area! It's still only $30K in materials to build a home. THINK AMERICA THINK!
rustEshakelford 4 years ago
Love your rants, but just an FYI about the Interest rate cut - The Federal Reserve isn't actually part of the government, they are totally independent, though it's pretty clear that Bernanke is just as beholden to the Wall Street, the politicians as Greenspan was....
dink65 4 years ago 2
Oh no! Bob are you saying we can't buy ourselves out of trouble? SHOCKING!!
aslipperyslope 4 years ago
If you don't come on board with Ron Paul I'm gonna scream, er... well, pehaps I'll think of something else to do, something you have done alot of yourself. :-) JK Luv ya Bob, keep up the common sense vids and VOTE FOR RON PAUL!
anyusmoon1 4 years ago 3
Thats what I'm talking about!!
Vote Ron Paul!!!!!
lulu8508 4 years ago 3
lol good one lulu8508. When will we see a pro-common sense presidential video from Bob? Perhaps about the absurde media bashing and/or media ignoring RON PAUL? Or perhaps about the laughing hyenas Giuliani and Romney during Paul's response time during a presidential debate? :-) Come on Bob you know you love Ron Paul!
anyusmoon1 4 years ago
I know I can't stand Giuliani...Especially when Dr. Paul Answered his question about Why he was the only Republican to be against the war... He needs more attention...I have him on myspace and Facebook and soon to order a Shirt and Bumper sticker...!! Oh btw Anyusmoon1 I subscribe to your Channel!! Great Job!! You to Bob!! Keep them coming guys!!
lulu8508 4 years ago
Oh man do I feel stupid... LULU8508 yessss thanks. Sorry I spaced. And BRAVO for stying on top of the Dr. Paul things-to-do-list. How about a meetup-have you joined one yet? :-)
Sorry I didn't recognize ya lulu thanks for commenting.
P.S. What the heck are we gonna DO about BOB!?
anyusmoon1 4 years ago
I second that nomination.
EnviousDominous 4 years ago
bob for president
sleepswitvibroblades 4 years ago 2
I wish this guy was president.
takebackourtemple 4 years ago
It's not even the government that lowered the interest rate, it was the Federal Reserve. Don't let the name fool you, the Federal Reserve is not a part of the givernment, it is a PRIVATE bank. "The Federal Reserve is no more federal than Federal Express." Congress screwed us over in 1913 when they gave the power to create money to the Federal Reserve, now our dollar is only worth ~$.04. Save America, get rid of the Federal Reserve, the IRS, and the Income Tax, elect Ron Paul 2008.
spaz4752 4 years ago
credit card companies are vultures.
ncmoonshine 4 years ago 3
People will keep on using credit cards, many times to rob Peter to pay Paul (whatever that saying is). MOST PEOPLE ARE NOT RESPONSIBLE. It's the American way. Credit cards.
WinterHaven 4 years ago
Right on!
Keep them coming Bob... Love the videos!!
lulu8508 4 years ago
This rant is BRILLIANT!
I am also sick of this country going out of the way to bait out stupid people who tried to get rich quick. The guy that is responsible, pays his own way, and budgets his money is pretty much RAPED by the powers that be. The elities steal billions from the taxpayer and the lowest of the low get a free ride with social programs from cradle to grave.
F THIS SYSTEM!
texan176 4 years ago
F*** the banks for ripping people off. But still, people need to stop biting off more than they can chew. I'm 25 and never needed a credit card, and now Bob has convinced me even more not to get one.
JMB129 4 years ago
Credit cards are the smart way to purchase as long as you pay what you owe when it is due. Bob's message is that you need to plan out your budget and only spend within it.
takebackourtemple 4 years ago
Bush=Mao he's a fascist neocon bob there plan is to bankrupt the country and introduce their mexican Amero
rg321123 4 years ago
Well said buddy!
PoetryCarvedInFlesh 4 years ago
Things are easier said than done. People like bob who makes perfect sense of things could drive themselves to suicide by the stupidity of politicians.
again2021 4 years ago
america is going down!
xForeverMinex 4 years ago
You are so wrong about why foreclosures are at all time highs, you blame the people, not the banks. The banks sold these loans that triple the payments. It isn't people living above their means. Could you afford a triple payment on your mortgage? Shame on you for blaming the people who have no control.
ladalang 4 years ago 2
ladalang: problem with your argument is-- those people had the choice NOT to take those mortgages (hence control). If they couldn't afford triple payments. they shouldn't have accepted the terms of the mortgage.
you're right on blaming the banks. But, the people are also responsible. And if they're not responsible enough to read the terms of THIER mortgage. they also aren't responsible enough to own a home.
drinkingwithbob 4 years ago 4
Holy hell, you responded in your own vid?!
Nevermind...great vids bob.
BigAl2k6 4 years ago
lmao
anyusmoon1 4 years ago
ladalang: He is not wrong at all. Everyone knows how much money they have, and if you buy something you cant afford you shouldn't expect to keep it. I am not responsible for that person but the fed just made me responsible for them by assuring the money I'm saving will become devalued. So now the broke guy has a house (for now), and I will not be able to afford one because my cash is worth dirt. Wall St is making a profit off of bad bets and getting rewarded for it.
bxblox 4 years ago
you watch too much Fox TV. Your money has no value because the federal reserve keeps printing more and more. Our monetary system is based on debt. We need to go back to the gold standard. Blame the consumer rather than the real greedy bastards; bankers. that way they never take any responsibility. You are clueless.
ladalang 4 years ago
"Blame the consumer rather than the real greedy bastards; bankers. "????
You don't have to let one off the hook to blame the other. Both consumers and bankers are partially guilty, even though one party is more so than the other. Don't assume anyone is saying the banks are innocent by placing some of the blame on consumers. That is illogical. People are not clueless for disagreeing with "ladalang" or for watching Fox news.
JMB129 4 years ago
People still need to live within their means, even though it is the banks' fault.
JMB129 4 years ago
It's a fact, that there is no excuse for ignorance. These people signed a CONTRACT knowing full good and well at the beginning that they could be faced with a higher rate at some point. If they were not RESPONSIBLE enough to calculate their risk based on the worst case scenerio, then they are to be held responsible. Bailing them out only encourages further abuse of the credit system.
C3POROBOT 4 years ago
Another fabulous video Bob.
sonofdracul 4 years ago
Totally agree bob, today on the news I heard all these liberals blabbing about how this is so good. It's a bunch of bogus thats what it is.
Aseldo 4 years ago
5 stars! I thought it was too...and then I woke up.
jcoverload 4 years ago
LOL! 5/5
:)
VonHelton 4 years ago
sigh.... so true ...so true
Kanjisucks 4 years ago 2
Bob for president.
McLarenMercedes 4 years ago
I second that notion.
semperneoeon 4 years ago
This comment has received too many negative votes show
the goverment didnt lower interest rates you dumb ass
d1mf1n 4 years ago