Elizabeth Warren Introduces COP's March Report

[papaneuf]

Written after the formation of the federal reserve in 1913, this poem nails it down..two posts

Birds of Prey

Their shadow dims the sunshine of our day,

As they go lumbering across the sky,

Squawking in joy of feeling safe on high,

Beating their heavy wings of owlish gray.

They scare the singing birds of earth away

As, greed-impelled, they circle threateningly,

Watching the toilers with malignant eye,

[patnais102]

Another company where the government is a ''reluctant share holder'' I like this expression , in other words we pay but we have nothing to say on what's going on in the company. Elizabeth Warren is a great person , I discovered her 1 years ago in her presentation on the coming collapse of the middle class I was stunned to see her doing earing on c-span.

[DavidAKZ]

I wonder if the GMAC story has anything to do with Toyotas' current 'issues'. Toyota have only been making safe, economic innovative cars for about 100 years

[bertly71]

Just another example of the government picking winners and losers. That is bad business from an entity that is 14 trillion dollars in debt itself. Balancing ones books is a basic business rule that real businesses need to follow. GM needs to go into bankruptcy like any other company would.

[whippoorwillss]

Elizabeth Warren I would like to thank you in person and shake your hand. We need a hell of a lot more people like you in government. Thank you so very much...PLEASE keep speaking out even if they sack you.

[1mealperday]

without jobs we can buy NOTHING.

[1mealperday]

trillions for the banks and food stamps for all. Cheers to new currency and good nite to the USD

[unameitltd]

a new fiat currency backed by nothing would just wipe out poor dollar holders enrich rich dollar asset holders and restart the bankster game of debt slavery

back to zero.

Americas fiat debt slavery began the day Nixion delinked the dollar from exchange for gold at $35 an oz in 1971.

What has followed has been a 39 year debt binge with money created out of thin air.

[justaoldslave]

Thanks Elizabeth , My only concern is that the executives at GMAC get millions and millions and millions in bonuses. After all, governments only real job is to make the corporate elite wealthy and smash the working class.

[unameitltd]

Notice Warren said: with no car financing people could not be able to buy the cars the do. Thats correct. without loans car prices would FALL greatly because people would only buy a car they could afford.

Car financing MAKES ALL cars more expensive because the car loans cause "money push" inflation of car prices.

With no loans basic car prices would fall DRAMATICALLY

TV's were cheap before financing made big screen possible and expensive.

Bottom line: DEBT causes price inflation

[sonnybrakes]

this is exactly how i see it to.