It not only would be inhumane to defund Medicare, Medicaid & Social Security, it would be impossible to do so under a domain of irredeemable debt currency, whether under the Federal Reserve System or under a fully nationalized U.S. Note system from a revitalized treasury.
The answer to Dr. Tarpley is NO, Austrian School would not defund New Deal/Great Society programs, until a total currency conversion to return to a money system had take fully taken place.
Webster Tarpley tells lies about Austrian Economics, and he knows nothing about Herbert Hoover.
Hoover only turned into a "free-marketeer" AFTER he lost the election to FDR. He criticized FDR for the very things that he himself did. ...and when FDR was running, he criticized Hoover for the very things that FDR would go on to do after he won the election.
Tarpley is great on Geopolitics, but his history is weak, and his economics is based on his flawed understanding of history.
He doesn't tell lies. He may not understand Austrian economics fully, but that doesn't make him a liar. It also helps to point out a lie in order to be examined.
All intellectuals have flaws, Noam Chomsky is probably the most evident. Whatever these people say isn't that important anyway. What is important is the way in which people are preparing for the world government. If the past ten to twenty years is anything to go by, it seems we're destined to be ruled like morons. As usual ....
If not, you have no way of telling if anyone is ever lying or "may not understand".
As for Chomsky.. he is a retard, hiding the pertinent facts and shaping language such that leftist kids not knowing much about history will swallow easily.
Noam Chomsky's situation goes WELL beyond mere flaws. There has not been a single issue pertaining to politics in the past 5 years that he hasn't been completely on the wrong side of. Also, a person who says he knows for a fact that 9/11 was not an inside job supporting Cynthia McKinney is about as idiotic as it gets.
"Monetarism is based on the von Hayek-von Mises Austrian school, which started when a bunch of rent-gouging Viennese landlords wanted to abolish rent control and hired some scribblers to prove that the market was always infallible and government is always the enemy..." "...The dumbed-down US version of the same doctrine is Milton Friedman and his Rockefeller-funded Chicago School...".
Yeah, you're right. I should have been more clear on what I meant by quote-enquote "free-marketeer". Hoover is portrayed as a fiscal conservative by the likes of the Hoover Institute. He's portrayed as a free-market by the anti-market left.
One of the things about Tarpley on historical economics is that he does not take into account all of the variables surrounding what happened in both Austria and Germany. Von Mises was dealing with a government that was hellbent on going Communist and ended up getting a really bad compromise between a free market and central planning that was only slightly better than what Stalin was pushing.
and Mises regretted doing that.. for it prolonged the return to true capitalism in Austria. even the bad bargain has sustained this long. Had they gone communist, suffered the obvious pain, they might have come to their senses early.
BTW, mises is not completely right to regret it. In a communist Austria, school kids would be taught how scary it was to be free (kinda like the US govt schools) and a huge populace would be trained to blame freedom and capitalists under their beds.
No...we do not just stop funding social security...we should have stopped it from being created in the first placed. What we do is allow people to opt out if they meet certain age requirements, refund social security to funds those above the opt out age. Repay those who have paid in and allow them to invest that money how they see fit. We can do this..We just have to be realistic and focus on really making a change. Be the change you would like to see in the world. Good Day
if you want to read about Hoovers interventions in the market the just google "Murray Rothbard Herbert Hoover" and you'll see that far from being a "hands off" president, he engaged in massive interventions, were were then expanded even further by FDR, it's a bit like the situation today, Bush was never free market and presided over massive bank bail outs etc, and Obama has merely carried on and expanded it.
I agree. If we must spend stimulus money, spend it on energy and transportation infrastructure. And do so without any interest. There is no need for bankers to skim off the middle.
wow the next hoover? so u can flood precious indian grave yards? fuckin nwo sux!!! long live crazyhorse!!!! sitting bull!!! rdcloud!! they just told me to say fuck obama NOW NO NWO NOW NOW!!! yesterday might be too late for some poor unwanted baby that he said was ''ok'' right after he got elected..funny i just heard
here, i absolutely agree with webster. that's also what i've been saying to ron paul supportes (that the austrian economics would kill lots of people). i used to support ron paul, but after undestanding our monetary system i cannot do so any longer.
although i like ron paul very much (especialy because of his gop convention appearences) as a politician of principals, i must say he's completely wrong about austrian economics .
because you'll have to wait years till somebody has saved some money (in a deflation) so that he is able to invest it (saving=investment) if he's willing to do so at all (cos deflation).
there isn't enough gold to represent the wealth that america needs. there wouldn't be enough dollar in cirulation so you would starve to death. only those who have gold (elite) would be masters and 300 americans would be their slaves. you would live like in an european 18th century monarchy as a servant.
Hehehe! I figured you did not know anything about austrian economics, but this is amusing. There are free and easy to access resources to understand it and yet, you have managed to escape the understanding, instead holding scary theories like you do.
Maybe Austrian economics is a plot by the Austrian monarchy to enslave everyone else! LOL! Those Austrians... they are upto no good!
Your statement implicitly assumes rigid prices. Prices are relative. Think of money as a commodity in a barter system, and apply the laws of supply & demand (and marginal utility if you are versed in economics). You will understand that the "value" of money is not fixed. Only the units of money are fixed (and that can be easily adjusted if the need arises).
"i absolutely agree.....that the austrian economics would kill lots of people"
You are arguing the same fallacy as the analogy of giving more heroin to a drug addict because you don't want him to bear the consequences of the withdrawal symptoms.
Yes, the withdrawal is very UGLY - its not 'magical' as Tarpley misrepresents it, but its NECESSARY and removes the inflationary toxins that caused the illness in the first place.
LMAO dude you don't understand austrian economics at all. There is nothing wrong with slow deflation under gold standard while it equals to economic growth. You should learn more! Keyns = Friendman = Marx. They all steal money from people and transfer it to elite.
there is something else then ron paul, peter schiff and greenspan, bernake. check silvio gesell.
the problem with ron paul is because he doesn't reject our monetary system, he even wants to stabilize it with the gold standard (not enough gold). but our monetary system is a fradulent set of rules invented by the elite that leads to transfering the wealth from the people to them in a long run.
study the nature of money+interests. study the dynamic of interest and how it makes rich richer.
interests and profit coin charactrers of people in that society. it's a society where depressions are inevitable and which occur periodicaly. it's the society in which, when deflations come, "losers" (or less motivated to enslave themselvs to the system) are ought to die because they didn't incorporate in their character the forms of behaviour you need to have in order to run form the interests.
it's the society where men become pussies and opportunists
@prosvjeta Every society is a society of profit. There is no incentive for people to cooperate with each other if they are prohibited from profiting from each other.
Please learn what austrian economics is - before you start claiming "ought to die" type outcomes. If anything, you will be able to attack the actual theory rather than your ridiculous interpretation of it - IF you understand it first.
I must say though, that inflation is good (for me, but bad for everyone else) if I am producing the money supply. Deflation confers no such special privilege.
lol. first thing Hitler did when he got power was destroy state rights and consolidate all economic, media, and police/military power into a small group of facists. BTW, the NAZI party went bankrupt in 1932, wallstreet with the help of the new york fed and bank of england issued him loans. Prescot Bush, grand-dad of 'W' Bush, signed the loan bailing the NAZI's out. lets see, NAZI's smash the entire french "army" in 3 weeks, but let the unequiped brits flee. check Battle of Dunkirk
Not disagreeing with you on the financial aspects, but you have to understand that the french had no will to fight. Having seen ~50% of their young men ruined in the first world war, many thought surrender would be better than fighting another one of those wars that usually do no good for the regular people.
Another thing to remember is that for Chomskyite folks, this is what they perceive libertarianism to be .. national totalitarian socialism!
Its their strawman built up to be easily smashed down so anyone in their ranks that has doubts is quickly convinced that villian is nationalist totalitarian socialism of hitler and the savior is nationalist totalitarian socialism of Chomsky.
pssssh LaRouche is good too but what LaRouche calls the British Empire Alex Jones calls the New World Order. They are both resisting the same thing. So how can Alex Jones be disinfo but LaRouche is the real deal?
Alex Jones is kinda lean toward right wing while LaRouche lean toward left. people hate Alex Jones because he get too much attention! that is human nature! hate the popular...
THANK YOU !!! Some People here need to learn how to use their shitty little pea sized brains. They can't think beyond left & right. It's always a team mentality. These people are lost & absolutely not worth arguing with because they will never get it.
@dimaniak - I hate when people make accusations with no evidence like you just did. I have heard people calling Alex Jones a Jesuit agent, a reptilian, a cia agent etc... but these are just empty words. People who attack Alex Jones this way aren't presenting evidence, just unfounded anger and distrust. Honestly I am more inclined to think people like you that attempt to divide the truth movement with accusations are working for the government.
He likes to stoke fear and silliness reducing crediblity to those "true" seekers of freedom and truth. He's the clown at the bull fights. Daring but comical and not to be taken too seriously.
Come on dude, tarpley split from larouche years ago. Dont you get a kick out of lefties and righties working together? Quit throwin mud from the sidelines and get out and do something constructive.
I'm sure that guys like him would love the exterminate everyone except whites.His hatered for Obama is skin deep
Useyno 1 year ago
he is oboma in the white house.
samsonofjesus 1 year ago
well, life sucks then you die. . but i fear , the misery can and most likely will get worse., , the sheeple wont wake up.
m6996j 2 years ago
It not only would be inhumane to defund Medicare, Medicaid & Social Security, it would be impossible to do so under a domain of irredeemable debt currency, whether under the Federal Reserve System or under a fully nationalized U.S. Note system from a revitalized treasury.
The answer to Dr. Tarpley is NO, Austrian School would not defund New Deal/Great Society programs, until a total currency conversion to return to a money system had take fully taken place.
centurion180ad 2 years ago
the black beard of the 2007 Bin Laden looks very artificial lol
ScienceArtSpirit 2 years ago
END
THE
FED
atlgothchick 2 years ago 6
bin laden is getting younger!.... haha
chimpanchu 2 years ago 4
Webster Tarpley tells lies about Austrian Economics, and he knows nothing about Herbert Hoover.
Hoover only turned into a "free-marketeer" AFTER he lost the election to FDR. He criticized FDR for the very things that he himself did. ...and when FDR was running, he criticized Hoover for the very things that FDR would go on to do after he won the election.
Tarpley is great on Geopolitics, but his history is weak, and his economics is based on his flawed understanding of history.
gunsandbullhorns 2 years ago
He doesn't tell lies. He may not understand Austrian economics fully, but that doesn't make him a liar. It also helps to point out a lie in order to be examined.
All intellectuals have flaws, Noam Chomsky is probably the most evident. Whatever these people say isn't that important anyway. What is important is the way in which people are preparing for the world government. If the past ten to twenty years is anything to go by, it seems we're destined to be ruled like morons. As usual ....
joneselius 2 years ago
Do you have a window into his brain?
If not, you have no way of telling if anyone is ever lying or "may not understand".
As for Chomsky.. he is a retard, hiding the pertinent facts and shaping language such that leftist kids not knowing much about history will swallow easily.
utubehayter 2 years ago
Noam Chomsky's situation goes WELL beyond mere flaws. There has not been a single issue pertaining to politics in the past 5 years that he hasn't been completely on the wrong side of. Also, a person who says he knows for a fact that 9/11 was not an inside job supporting Cynthia McKinney is about as idiotic as it gets.
hellsunicorn 2 years ago
he know Austrian school and it is a shit crack whore.
debtinterest 2 years ago
joneselius—
Tarpley is a bold and ridiculous liar.
QUOTE:
"Monetarism is based on the von Hayek-von Mises Austrian school, which started when a bunch of rent-gouging Viennese landlords wanted to abolish rent control and hired some scribblers to prove that the market was always infallible and government is always the enemy..." "...The dumbed-down US version of the same doctrine is Milton Friedman and his Rockefeller-funded Chicago School...".
THIS IS 99% LIES. I'll explain through PM.
gunsandbullhorns 2 years ago
Thank you for explaining that. I appreciate it.
Guess you never know who's telling the truth these days.
joneselius 2 years ago
@gunsandbullhorns
Hoover was an "Associationalist". i.e. a person who believes in businessmen regulating the trade. (i.e. Cartel-ization!)
How that is interpreted as a free market is beyond me.
utubehayter 2 years ago
utubehayter—
Yeah, you're right. I should have been more clear on what I meant by quote-enquote "free-marketeer". Hoover is portrayed as a fiscal conservative by the likes of the Hoover Institute. He's portrayed as a free-market by the anti-market left.
gunsandbullhorns 2 years ago
One of the things about Tarpley on historical economics is that he does not take into account all of the variables surrounding what happened in both Austria and Germany. Von Mises was dealing with a government that was hellbent on going Communist and ended up getting a really bad compromise between a free market and central planning that was only slightly better than what Stalin was pushing.
hellsunicorn 2 years ago
he was criticizing people who try to apply austruan school to american economy. also, austrians school are just rent gaugers...
debtinterest 2 years ago
and Mises regretted doing that.. for it prolonged the return to true capitalism in Austria. even the bad bargain has sustained this long. Had they gone communist, suffered the obvious pain, they might have come to their senses early.
BTW, mises is not completely right to regret it. In a communist Austria, school kids would be taught how scary it was to be free (kinda like the US govt schools) and a huge populace would be trained to blame freedom and capitalists under their beds.
utubehayter 2 years ago
you know shit about economics...
debtinterest 2 years ago
No...we do not just stop funding social security...we should have stopped it from being created in the first placed. What we do is allow people to opt out if they meet certain age requirements, refund social security to funds those above the opt out age. Repay those who have paid in and allow them to invest that money how they see fit. We can do this..We just have to be realistic and focus on really making a change. Be the change you would like to see in the world. Good Day
Michaelllllllllll 2 years ago
Comment removed
Michaelllllllllll 2 years ago
he is the new herbert hoover, with his massive interventions in the free market.
HuxleyWasRight 2 years ago
he intervene nothing...
debtinterest 2 years ago
thats a total myth, he did intervene in the markets.
HuxleyWasRight 2 years ago
tell me regulation passed under Obama...
debtinterest 2 years ago
Intervention is not always a regulation. Sometimes, it is bailouts, other times, it is backdoor pressure tactics, taxation and tariffs.
If you look around, you will find a whole lot of these going on.
Not that you will not find regulation passed under Obama, you just have to look.
utubehayter 2 years ago
who is more powerful, government or corporation?
debtinterest 2 years ago
both and neither.
False dichotomy alert!
utubehayter 2 years ago
who own government?
debtinterest 2 years ago
who owns the corporations? It's the same people, ergo the term FALSE DICHOTOMY.
I'd listen to Noam Chomsky less dude, too much of his nonsense will rot your brain right out of your skull.
hellsunicorn 2 years ago
"Who own government?"
Not me.. I would have put it in the ground long time ago, if I owned it.
utubehayter 2 years ago
if you want to read about Hoovers interventions in the market the just google "Murray Rothbard Herbert Hoover" and you'll see that far from being a "hands off" president, he engaged in massive interventions, were were then expanded even further by FDR, it's a bit like the situation today, Bush was never free market and presided over massive bank bail outs etc, and Obama has merely carried on and expanded it.
HuxleyWasRight 2 years ago
I agree. If we must spend stimulus money, spend it on energy and transportation infrastructure. And do so without any interest. There is no need for bankers to skim off the middle.
Ne0mega 2 years ago 2
Good post GNC!
Vinseneb 2 years ago
mmmmmm
fresh afgani opium ...
chena3 2 years ago 2
Five GARGANTUAN stars! Keep up the great production work GNC!
HeroOfChrist 2 years ago
Webster has the O's number.
Great vid ~
RenegadeTimes 2 years ago 2
wow the next hoover? so u can flood precious indian grave yards? fuckin nwo sux!!! long live crazyhorse!!!! sitting bull!!! rdcloud!! they just told me to say fuck obama NOW NO NWO NOW NOW!!! yesterday might be too late for some poor unwanted baby that he said was ''ok'' right after he got elected..funny i just heard
2boddah 2 years ago
5:57 'deflationary austrian school'
here, i absolutely agree with webster. that's also what i've been saying to ron paul supportes (that the austrian economics would kill lots of people). i used to support ron paul, but after undestanding our monetary system i cannot do so any longer.
although i like ron paul very much (especialy because of his gop convention appearences) as a politician of principals, i must say he's completely wrong about austrian economics .
prosvjeta 2 years ago
@prosvjeta
"austrian economics would kill lots of people"
Really? How?
utubehayter 2 years ago 2
because you'll have to wait years till somebody has saved some money (in a deflation) so that he is able to invest it (saving=investment) if he's willing to do so at all (cos deflation).
there isn't enough gold to represent the wealth that america needs. there wouldn't be enough dollar in cirulation so you would starve to death. only those who have gold (elite) would be masters and 300 americans would be their slaves. you would live like in an european 18th century monarchy as a servant.
prosvjeta 2 years ago
Hehehe! I figured you did not know anything about austrian economics, but this is amusing. There are free and easy to access resources to understand it and yet, you have managed to escape the understanding, instead holding scary theories like you do.
Maybe Austrian economics is a plot by the Austrian monarchy to enslave everyone else! LOL! Those Austrians... they are upto no good!
utubehayter 2 years ago
prosvjeta—
Your statement implicitly assumes rigid prices. Prices are relative. Think of money as a commodity in a barter system, and apply the laws of supply & demand (and marginal utility if you are versed in economics). You will understand that the "value" of money is not fixed. Only the units of money are fixed (and that can be easily adjusted if the need arises).
gunsandbullhorns 2 years ago
when you have deflation, it is not just taking pain or bit of pain. it is death in millions in today's economy.
debtinterest 2 years ago
"i absolutely agree.....that the austrian economics would kill lots of people"
You are arguing the same fallacy as the analogy of giving more heroin to a drug addict because you don't want him to bear the consequences of the withdrawal symptoms.
Yes, the withdrawal is very UGLY - its not 'magical' as Tarpley misrepresents it, but its NECESSARY and removes the inflationary toxins that caused the illness in the first place.
elfornse 2 years ago
prosvjeta
As I understand it Ron Paul has a non-intervention foreign policy. How would Austrian Economics kill people?
My opinion is we will see both inflation and deflation. But this is merely my personal speculation.
EndTheFedRes 2 years ago
LMAO dude you don't understand austrian economics at all. There is nothing wrong with slow deflation under gold standard while it equals to economic growth. You should learn more! Keyns = Friendman = Marx. They all steal money from people and transfer it to elite.
dimaniak3 2 years ago
@prosvjeta
how can it be that people who where right like Ron Paul, Peter Schiff etc.. dont know anything and
People who were wrong like Greenspan Ben Bernake is the right people.
If I have two Doctors and one of them gives the right diagnoses every time, and the other gives the wrong diagnoses.
You must be stupid if you want to be treated and believe the doctor who have been wrong.
Ron Paul said something was wrong many years ago, even before the crisis.
bjarnet3 2 years ago
there is something else then ron paul, peter schiff and greenspan, bernake. check silvio gesell.
the problem with ron paul is because he doesn't reject our monetary system, he even wants to stabilize it with the gold standard (not enough gold). but our monetary system is a fradulent set of rules invented by the elite that leads to transfering the wealth from the people to them in a long run.
study the nature of money+interests. study the dynamic of interest and how it makes rich richer.
prosvjeta 2 years ago
Understand the concept called "time preference". Silvio did not get that and hence his theory on interest is flawed.
utubehayter 2 years ago
your society is the society of profit.
interests and profit coin charactrers of people in that society. it's a society where depressions are inevitable and which occur periodicaly. it's the society in which, when deflations come, "losers" (or less motivated to enslave themselvs to the system) are ought to die because they didn't incorporate in their character the forms of behaviour you need to have in order to run form the interests.
it's the society where men become pussies and opportunists
prosvjeta 2 years ago
@prosvjeta Every society is a society of profit. There is no incentive for people to cooperate with each other if they are prohibited from profiting from each other.
Please learn what austrian economics is - before you start claiming "ought to die" type outcomes. If anything, you will be able to attack the actual theory rather than your ridiculous interpretation of it - IF you understand it first.
utubehayter 2 years ago
when you have deflation, it is not just taking pain or bit of pain. it is death in millions in today's economy.
debtinterest 2 years ago
Roughly translated.
"If we don't stop killing people slowly they will die quickly".
hellsunicorn 2 years ago
Good one.. I want that on a t-shirt.
I must say though, that inflation is good (for me, but bad for everyone else) if I am producing the money supply. Deflation confers no such special privilege.
utubehayter 2 years ago
debt interest has a video on his page
"Hitler was a libertarian"
now he owes me a keyboard. Mine was ruined by the coffee I spurted out.
utubehayter 2 years ago
lol. first thing Hitler did when he got power was destroy state rights and consolidate all economic, media, and police/military power into a small group of facists. BTW, the NAZI party went bankrupt in 1932, wallstreet with the help of the new york fed and bank of england issued him loans. Prescot Bush, grand-dad of 'W' Bush, signed the loan bailing the NAZI's out. lets see, NAZI's smash the entire french "army" in 3 weeks, but let the unequiped brits flee. check Battle of Dunkirk
proxy4718 2 years ago
Not disagreeing with you on the financial aspects, but you have to understand that the french had no will to fight. Having seen ~50% of their young men ruined in the first world war, many thought surrender would be better than fighting another one of those wars that usually do no good for the regular people.
utubehayter 2 years ago
Another thing to remember is that for Chomskyite folks, this is what they perceive libertarianism to be .. national totalitarian socialism!
Its their strawman built up to be easily smashed down so anyone in their ranks that has doubts is quickly convinced that villian is nationalist totalitarian socialism of hitler and the savior is nationalist totalitarian socialism of Chomsky.
utubehayter 2 years ago
pssssh LaRouche is good too but what LaRouche calls the British Empire Alex Jones calls the New World Order. They are both resisting the same thing. So how can Alex Jones be disinfo but LaRouche is the real deal?
MTL911Truth 2 years ago 2
Alex Jones is kinda lean toward right wing while LaRouche lean toward left. people hate Alex Jones because he get too much attention! that is human nature! hate the popular...
debtinterest 2 years ago
THANK YOU !!! Some People here need to learn how to use their shitty little pea sized brains. They can't think beyond left & right. It's always a team mentality. These people are lost & absolutely not worth arguing with because they will never get it.
wingnut4427 2 years ago
This comment has received too many negative votes show
tarpley/alex jones = controlled opposition. Google LaRouche!
dimaniak 2 years ago
LaRouche is full of himself! these LaRouche Pacs are just cult-personality freaks, no different than Obama freaks...
debtinterest 2 years ago
@dimaniak - I hate when people make accusations with no evidence like you just did. I have heard people calling Alex Jones a Jesuit agent, a reptilian, a cia agent etc... but these are just empty words. People who attack Alex Jones this way aren't presenting evidence, just unfounded anger and distrust. Honestly I am more inclined to think people like you that attempt to divide the truth movement with accusations are working for the government.
vinayakaya 2 years ago
Damn I was blocked :(
dimaniak3 2 years ago
AJ lied OUT LOUD New Years Eve 1999.
He likes to stoke fear and silliness reducing crediblity to those "true" seekers of freedom and truth. He's the clown at the bull fights. Daring but comical and not to be taken too seriously.
RenegadeTimes 2 years ago
Come on dude, tarpley split from larouche years ago. Dont you get a kick out of lefties and righties working together? Quit throwin mud from the sidelines and get out and do something constructive.
educution 2 years ago
no~ these people has to buy gold and silver!! :)
debtinterest 2 years ago