Re: No Depression No Economic Collapse 2008 2009 Pt. 1

[Spicymchagis]

I was like hmm he prob LOVES GOD OBAMA but he is very smart.

[MichaelTomAce]

gow75 ur a jackass....Great vid, bro! U are a smart cookie.

[EmpireStrikesOut]

"I get a bad feeling someone gonna want to kick us while we are down."

And it will probably be one of the countries america fucking screwed in the name of american greatness. Oh wait, that's most countries. Take your pick.

[BaronVonLichtenstein]

Inflation only happens when the rest of the world hasn't tied their economies to derivitive ponzi schemes as well. The only thing propping us up, besides China is that the crisis is based on everyone's collective greed with a 500 trillion derivitive market and only 150 trillion in actual household wealth.

[sscam2001]

Inflation also occurs when you create at last count 8.5 Trillion dollars out of thin air via the Banker Bailouts.

[BaronVonLichtenstein]

I would think the dollar should plunge, with all the dollars theyre printing but it isn't, implying the rest of the world is caught in a similar scheme. Central banking pretty much is the standard. Ive heard tax money goes to the Fed from the IRS which the gov then has to borrow at interest. Meaning it is impossible to pay off government debt unless they printed money themselves.

[tommyisirish]

The dollar is not punging now because of all the deleveraging in the European and American markets. They are all selling off their assets for US dollars.

[BaronVonLichtenstein]

Great post. But where can I find the stats on them printing 7 trillion?

[sscam2001]

google "Government bailout hits $8.5 trillion" the SanFrancisco Chronicle ad should be among the top 10

[gow75]

idiot, dont like your flairy nostrels

[nmbypmby34]

I'm fearful that the economy maybe the least of our worries soon. I get a bad feeling someone gonna want to kick us while we are down.

[sssssup]

If Americans are so broke and indebted, why worry about inflation? There are no savings to be devalued, whilst any debt would lose its value (including the trillions owed to foreign governments). I'm not advocating hyperinflation, but I don't think it makes much sense to say you're broke and indebted, yet will suffer from inflation.

[gierkep]

companys are going bankrupt from our trade deficit. thus the bailout. printing money backed by nothing leads to inflation.

americans have no savings. the majority of americans live hand to mouth and have huge credit debts. its not too complicated. what don't you understand....

[sssssup]

I'm not saying that the U.S. economy is in good shape; I'm saying that your argument is incoherent, because inflation favours debtors - in this case U.S. citizens and their government - over creditors.

[gierkep]

inflation may favour debtors but at some point the whole thing becomes moot. unemployment keeps going up and people have less and less money yet a loaf of bread climbs to ridiculous prices like $100 (see weimar republic) then creditors don't really matter anymore. When the fed prints more money it exacerbates the thing its trying to fix. Printing money won't help, especially since bailing out the auto industry is just keeping them around so they can lay people off slower.

[gierkep]

and i dont think i wrote a single grammatically correct sentence. im tired. my bad.

[sscam2001]

@sssssup this is only true when you have an increase in wages due to the huge influx of money, but when you have an open immigration policy coupled with hyperinflation, you get stagnation in wages as there is a surplus of labor. Not good for workers who face raising food energy and housing prices.

[vdveindhoven]

ok tnx.... but 8.5 trillion bailout is not 8.5 trillion printed last 2 months....

but message is clear...... WE GO TO HELL ANYWAY.....

we the Europe and america are 100 times worse than the worst corrupt regime in history......... GAME OVER.....

Greeeetz from holland.....

[sssssup]

"Only about $3.2 trillion of the $8.5 trillion has been tapped so far, according to Bloomberg. Some of it might never be."

[vdveindhoven]

1 question..... 8.5 trillion printed last 2months..... where do you get that info.... or are you guessing ?

[sscam2001]

It was reported in the AP, try to google "bailout 8.5 trillion"

[stillrob420]

Everything is ok, your govt loves you and will take care of you and the world :)

[XIIWicked]

i like how your vid has facts and this other guys just shooting dust in the wind from out his mouth.

[jeffnsee]

bingo

[forestlight5]

You nailed it! (and your girl!)