John Boehner, sir, you have no idea what class warfare is. Let me give you an example of class warfare. In the yeas 1358, in St. Leu, France, the towns people revolted against their local lord. They put the knight on a roasting spit, took turns violating his wife in front of his kids. The knight was force fed to the wife and kids until they were killed. That is fucking class warfare, not paying 3% more in taxes (or 20% more on capital gains). Now shut the fuck up!
Let's try that one again because even it got that basic some didn't seem to get it.
According to some people Wall Street and the Federal Reserve Bank is the same thing. Let's for the sake of the argument say that were true. Then making the argument that the Fed shouldn't be allowed to issue money, must also be true for Wall Street since the premise was that Wall Street and the Fed was the same thing.
What goes for the Fed goes for Wall Street if their the same thing.
@SquirrelFromGradLife No one is saying that because there is a conflict of interest involved in big bank executives sitting on regional boards of the Federal Reserve, and that this conflict of interest led to bad bailouts to those banks -- no one is saying that this proves that therefore banks can't lend money and the fed can't create money.
It's hilarious to see how these retarded people keep making the same the same contradictions over and over again and not realizing it.
If Wall Street and the Federal Reserve bank are the same "entities" and the Fed shouldn't be allowed to print money, then by definition Wall Street also shouldn't be allowed to do so, because according to some Wall Street and the Federal Reserve is the same thing. It can't be more of a contradiction.
@SquirrelFromGradLife Sq u ok? Been a while. Did you find out the Fed is part of Wall Street, and already controls the value of our dollar? It's ok to admit you are wrong.
I remember when I was protesting the UnConstitutionality of the income tax, because the Fed is UnConstitutional...however as it turns out the Fed is just our governments 'blank check' banker. The Treasury enforces the income tax, not the Fed.
See it's ok to admit you're wrong. Thats how you learn.
@SquirrelFromGradLife WTF are you talking about. The Federal reserve system is a " CARTEL"! Do you know what a cartel means? Everything for us and nothing for those outside the club! Common use your brain!
Sq "We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost." lol That was the free market?
I don't think free markets allow banks and ins companies to privatize profits and Socialize the losses. You really do need to educate yourself.
Sq "We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost." lol That was the free market?
I don't think free markets allow banks and ins companies to privatize profits and Socialize profits. You really do need to educate yourself.
Sq. Chances are that if you don't know the Fed is private and part of Wall Street you are certainly 'out of your league'. My degree is in electronics...with some Keynesian economics, but even I know this. Why don't you?
We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost. Yeah the free market really showed us a lesson in how a free market operates. If you paint a big square in the street and writes FREE MARKET and then leaves all your money there over night without supervision, the magical power of the free market will keep your money safe and secure they won't be taken because that free market painted square sure does protect your money!
I have just got a brilliant idea. I will print a piece of paper that says this paper is worth it's weight in gold. So you can give me all your money, all your wealth and the value of everything you own, and you can just trust me that if and when you come back with that piece of paper all your money will still be there.
yeah give me all your money or else the argument of letting criminal Wall Street print money do not hold water.Yeah you can trust me with all your money and no supervision! LOL
Can we trust the banks with our entire economy, when wee living in the hell they created the last time they wrecked the economy?
yeah let the criminal Wall Street banks print their own money and let's try to find out if they can be trusted again. Oh well they couldn't be trusted so all is lost in their dollar, so let's try again, and again and again. Except there will be no again if the banks crash the dollar. Then that's it. There is no more economy..
The so-called free market economy managed to destroy the entire world economy when they were left unsupervised or just a minute.
The delusion that somehow banks will start to play nice with yo money if we just stop checking on them is like leaving the retarded kids in charge of the cookies hoping that if we just shut the door then somehow the cookies will still be there when we return.
All of history tells us that the banks can NOT be left in charge of OUR cookies without strict supervision.
"A free-market economy is one within which all markets are unregulated by any parties other than market participants. In its purest form, the government plays a neutral role in its administration and legislation of economic activity, neither limiting it (by regulating industries or protecting them from internal/external market pressures) nor actively promoting it (by owning economic interests or offering subsidies to businesses or R&D)."
@EndTheFedRes Where do you get such stupid shit about that retarded free market economy? Do you pull it out your ass and does it in fact have any relation to reality?
All of history of mankind tells us your idea of the free market do not equate with reality.
If banks were just left alone with our money they would be safe?
If we just putt all our money in a big bag and leave them with your friendly neighborhood criminal then the money will be safe.
@SquirrelFromGradLife "Where do you get such stupid shit about that retarded free market economy?" uhmm...College, and other peer reviewed publications. Where do you get yours?
"Letting gold compete with the dollar would empower people, not the government. People would decide whether they prefer to work for, save, and spend gold or fiat dollars. That way, all of the people in the US economy would collectively decide on the true buying power of a dollar compared to an ounce or gram of gold. That way, the government would be out of the loop of the price-setting process for gold and would no longer be able to secretly manipulate its dollar-value."
@EndTheFedRes A gold currency and deregulation of the entire monetary system would remove any and all power we the people had over the dollar, turn all control over to the criminal Wall Street banks. Further more a gold dollar would let foreign countries like China in total control over the value of that dollar.
Letting Wall Street banks print their own dollars and the rest of the world including Islamist countries have all control over the value of the dollar is the ultimate economic nightmare
These crazy Ron Paul fanatics do not even realize how insane their solutions have become and how much of a contradiction that solution is. Their claim is that Wall Street run the Fed and that's bad and have ruined America and the dollar. So the solution to Wall Street running the Fed is to shut the Fed down, remove all government oversight and then let the very same Wall Street banks that ran the Fed start printing their own money with no oversight, no control and no regulations!
@SquirrelFromGradLife Crazy? You dont even know the Fed IS part of Wall Street. Thats not so crazy is it? Maybe you should LISTEN.
What government oversight? The Fed and Wall Street finance Congress...are they really regulating. I thought you were a fan of Grayson? Grayson has even said as much. Maybe you will listen to him.
@EndTheFedRes Crazy and insane that's what the suggestion of letting Wall Street start printing their own money with no oversight. You seem unable to realize your own huge contradiction. You claim Wall Street banks have runied America through the Federal Reserve so the solution is to remove the Federal Reserve from the equation and the just let Wall Street print the money they want with no regulation and no oversight.If your argument is that Wall Street ruined America, why trust them with money?
@SquirrelFromGradLife "Crazy and insane that's what the suggestion of letting Wall Street start printing their own money with no oversight." Yes that would be. However if a competing currency is produced backed by gold/silver/platinum and other commodities this will limit what they can print.
My solution is to legalize the Constitution. That is allowing ONLY gold and silver to be used as money. Yes I do want this to be ratified to include a 'basket' of weighted commodities.
@EndTheFedRes To illustrate how stupid and dangerous that gold backed dollar is, let's just take a look what happens to the value of a gold backed dollar if the price of gold goes down. if you have a dollar that equates to a fixed weight of gold and gold prices drop, the value of the dollar must drop. If the dollar is just backed dollar to dollar by gold then you have similar problems where falling gold prices means more gold have to be bought.
Sq it is laughable, and cryable that you have 90% of whats going on; down. I'm here to give you that last 'most enlightening' 10%. Alan Grayson knew the Fed is the cancer...do you? Read back through my posts...investigate, educate, and finally celebrate, that is if you learned.
Remember Sq the Fed IS Wall St...or the private banking sector of Wall St, and these bankers CONTROL everything monetarily. To say Congress oversee's the Fed is a bit (very BIG bit) near sighted. Grayson knows this
@EndTheFedRes Since Alan Grayson in his time in Congress have participated in making legislation regulating the Federal Reserve and sat on the U.S. House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises he knows Congress have oversight with the Federal Reserve Bank system and that's why he is calling for more financial regulation of both the Federal Reserve and Wall Street.
He knows your suggestion of letting Wall Street print their own money is insane!
@SquirrelFromGradLife And as the GREAT former Rep Grayson said...'It's kinda hard to regulate the people writing you 5 thousand dollar checks' He was talking about the Fed. The group of private bankers who run Wall Street. That legislation he participated in was with Ron Paul, but the Dodd/Frank bill killed any chance of a full audit. The banker bailout cost TRILLIONS and this has been known for quite some time, this 16 Trillion is not new news, nor is it the end of the money.
@EndTheFedRes Actually the 16 trillion have nothing to do with bailing out the criminal Wall Street banks, that thanks to deregulation of derivatives had created the worst gambling circus ever and thanks to deregulating Glass-Steagal could gamble with YOUR money. The Federal Reserve are chartered through the Federal reserve Act to inject liquidity into the interbank market if it's shut down through providing credit.All 16 trillion came back with interest saving the entire world economy!
@EndTheFedRes You're merely providing more and more proof why financial deregulation is a horrible idea which completely undermines your position of MORE financial deregulation through the complete deregulation of the monetary system.
If the Wall Street banks according to you are doing such a bad job of running the Fed and the dollar, then why should they be allowed to print their own money with absolutely no oversight. It makes absolutely no sense at all.
@EndTheFedRes First of all the numbers are wrong and way to low, secondly that is living proof of why Wall Street or any separate interest shouldn't be allowed near lawmakers and why OWS demands election reform and a ban on the rampant out of control lobbyism. Regulate lobbyist to the extend that if they want to talk directly to a politician is has to be broadcasted on live prime network TV and aired on the internet. Regulate, regulate regulate those bastards!
@SquirrelFromGradLife LISTEN Sq, now your attempting to discredit people by refusing to acknowledge the PROOF thats right in FRONT of you. Don't be a dumb ass, it's right THERE.
There are two kinds of people. Those who refuse to believe (even when the proof is right in front of them), and those who refuse to believe and LEARN from it. Which are you?
The Fed=Wall Street. The Fed is a group of PRIVATE bankers who run bat shit crazy on Wall Street.
@EndTheFedRes I am saying the numbers are way to low. Further more it's completely irrelevant how big the numbers are, because you have just provide yet more evidence that Wall Street should not be allowed to print their own money as your crazy band leader Ron Paul suggests in HR4248.
I do not know how many times you have to cotradict your own position and prove it to be absolutely insane before you realize how WRONG and DANGEROUS letting Wall Street print their own money really is!
@SquirrelFromGradLife Right now there IS a monopoly on the money supply, and it IS the Wall St run Fed. WAKE UP!!!
Legalizing a competing currency (one that actually retains its value) will END this monopoly, and restore sound money. The Fed has devalued the dollar 97% since its inception, and this was one of the MAIN reasons the Fed was brought about. To stave off inflation lol, I would say they have FAILED miserably.
@EndTheFedRes The more you keep bashing Wall Street the less of an argument you have for letting Wall Street start printing their own money with absolutely no oversight or regulations, so just keep digging the grave for your argument and your insane solutions.
If Wall Street are so bad at running the Fed and running OUR dollar, why are we to let them start printing their own money with no oversight?
@SquirrelFromGradLife "If Wall Street are so bad at running the Fed and running OUR dollar, why are we to let them start printing their own money with no oversight?"
@EndTheFedRes So now yo have just created a circular argument that undermines your entire position.
You can't seem to come up with the simple answer to, why should we let Wall Street print tjeir own money with no oversight as you suggest they should be allowed too?
@SquirrelFromGradLife here is a GREAT article explaining Ron's position for wanting to go back to a gold standard (or commodities standard as he has stated) search "Ron Paul and MONEY Why He Wants to Abolish the Fed, the IRS, and Reintroduce Gold As Currency"
@EndTheFedRes Your insane solution equates to letting the arsonists run the fire department, let the mafia run the FBI, let the criminals run the courts, let communist North Korea run the democracy, let the wolwes mind the sheep, let the oil companies regulated themselves (oh wait that another of your brilliant solutions), let the crazy creationist religious fanatics protect the separation of church and state (oh wait Ron Paul is a crazy creationist)- yeah let's have the criminals print money!
@SquirrelFromGradLife Stop the nonsenses about regulations! Sound money, gold and silver and let's abolish the IRS along the way along with more than 5 government entities. They are all useless, they suck up society's productivity and transfer it to corrupted and megalomaniacs in government. Starve the State; that's the recipe for a free society. We do not need regulators. Most of them are incompetent just ask Bernie Madoff!
@AFRIKTODAY So regulations are nonsense?LOL... well regulations are the only thing that can prevent the criminal Wall Street gangsters from robbing america again and again.. how can you even begin to start saying Wall Street would start behaving nicely if there were nothing to stop them, no regulations and no overight?LOL. how fucking stupid is that argument.. Regulate the heel out of them.
How can you say we do not need regulations when Wall Street created financial hell without regulations!
@SquirrelFromGradLife Show me an example of regulation that actually works in the American financial and economic system without causing unintended consequences that obviously serves the interests of the cronies? Just one please! You ought to be kidding! I guess you have very little understanding of the history of regulations in this country. It all started during the progressive era and was created by the BIG BANKS and the BIG CORPORATIONS to keep the new competitors at bay!
@AFRIKTODAY Are you fucking insane? yeah financial regulation works the deregulation is the fucking cause of this mess! how about having regulation that said banks are not to gamble with your money! Oh wait we had that and it was called Glass-Steagal. What about having regulation that kept banks from having a secret gigantic financial casino with estimated 100 trillion in liabilities without any oversight or financial backstop, oh wait we sorta had that before the deregulation of derivatives!
@SquirrelFromGradLife You are a joke and you have a very little understanding behind the creation of the glass steagal act. The main reason of the creation of the glass steagal act was to BAILOUT THE BANKS after the episodes of the bank run that had taken place during the 30s when customers were running to the banks to take out their gold and money from the near-bankrupted banks. That's when the FDIC was created! You should stop listening to nonsenses my friend!
@AFRIKTODAY The Glass-Steagal Act created a firewall between the corporate and investment side of banking, between your money and the banks money. You know that right. You might be to delusional but that is reality.
Banks used OUR money to gamble with the moment they were allowed to do so. You say that's perfectly fine and there shouldn't be any any financial regulations and somehow despite everything we know and all of history banks should suddenly start to play nice with our money!You're WRONG
@SquirrelFromGradLife The Glass steagal was created AFTER the worse damage has been done to the American people: Their Gold, their constitutional money, had been unlawfully confiscated by the US government. That is the basic premise. Why do you discuss the expropriation of the American people at the hand of government officials? The Glass steagal act did not end the great depression but the free market and lower regulations. So, I don't see your point!
@AFRIKTODAY So you have just said you can't see how not letting banks gamble with your money is a goo idea and how that makes sense even though you have just railed against the actions of Wall Street when they did just that, gamble with your money and lost. You can't see how that's the biggest retarded contradiction ever.
The so-called free market didn't end the depression, the government and the war did that..
@SquirrelFromGradLife Bank glambled BECAUSE the FED artificially lowered the rate of interest, creating liquidity that were then used in all forms of speculation. This is the primal cause of boom which them lead to a bust. If you cannot understand the basic cause of a credit cycle, you are utterly been hypocritical. There is a cause and a effect to all policies. Gold prevent the government and its central banks from manipulating the money supply! That's why roosevelt STOLE the people's GOLD.
@AFRIKTODAY No the banks gambled with your money and lost because of deregulation of the Glass-Steagal Act. our bullshit about interest rates are fucking irrelevant. The banks gambled with YOUR money because deregulation removed the regulation that said banks couldn't gamble with yo money. That's fucking why and keep the Fed out of it you fucking retard.
Your fucking beloved free market just fucked us again an somehow your under the delusion that to many rules was the cause!! LOOOOL
@SquirrelFromGradLife Up until 1933, the US was under a gold standard and American citizens could exchange their paper notes into gold coins. Roosevelt confiscated American citizens gold and made it illegal for them to hold the physical metal or suffer lengthy JAIL TERMS ( THE GREAT FDR you liberal love). The entire regulatory structure that was created at that period was to one protect the BIG BANKS ( as usual) and extend government power. So please, cut the crap!
@AFRIKTODAY Your suggestion is that if there's no rules and no one to watch then, despite all of history, banks will somehow play nice... Despite your own statements on how criminal these banks are, if we just let them be completely unattended, they will NOT repeat their criminal actions from when we watched them...LOL..
@SquirrelFromGradLife IF YOU LEAVE THESE BANKS ON THEIR OWN, THEY WILL GO BANKRUPT IN A WEEK! All of them! CITI, JP, GOLDMAN...ETC You that very well and that's why you stated that they needed liquidity from the Fed. I want these banks to be accountable to their depositors and investors like all other businesses do. That's what America is all about and should be. If you like cronyism, you should try north Korea or saudi Arabia!
@AFRIKTODAY Are you fucking INSANE? You have just handed the entire monetary system over to the banks and now you're hell bent on having them go bankrupt. Well if they go bankrupt and they print the money the money is worthless...LOL.. well done..
@SquirrelFromGradLife You are ridiculous! Who has handed the banking system to banks? How can a bankrupt institution print money? By the way, the fed prints the money, not the banks! The banks can only create demand deposit ( checking) through the fractional reserve system. You don't even know what you are talking about buddy! The Fed serves the banks! WITHOUT THE FED, THEY ARE COOKED!
@AFRIKTODAY so if you leave the banks alone with all our money they will go bankrupt in week.. yeah that sounds bot right! yet another argument of why the banks shouldn't be allowed to print money..
@SquirrelFromGradLife Banks do not create money, they create demand deposit ( checking account) on top of their monetary base. This means that banks are always leveraged at all time, making it impossible for their respond to all their customers withdrawal. That's why banks need the Fed as lender of last resort in a case of emergency ( when customers lose confidence in the banks) like what happened in 2008! You just don't even know what you are talking about sir.
@SquirrelFromGradLife "So regulations are nonsense?" Yes...at least most of them. All those regulations worked out well didn't they. Enron, Bernie, etc... Ever google "accounting scandals"? On top of that, we bail out the abusers, you know the WALL STREET FED who LOBBIED Gramm, and Clinton to repeal those common sense regulations...that PAUL voted AGAINST in order to REGULATE them.
@EndTheFedRes Your argument about regulations is that if there were no regulations the criminals would play nice? Is that really it? You know the Enron loophole was created by deregulation. Enron was left alone to create hypothetical deals from which they were allowed to record hypothetical profits as actual profits. Deregulation created that little disaster! What should keep Enron-like people from doing exactly the same again if there were no rules to say you can't do that .
@EndTheFedRes i don't fucking care what you call your insane ideas.. Free market bullshit. Your own arguments about the actions of the banks, your so-called free market, have just disprove the entire notion that a free market can ever exist with the notion of serving any interest other than their own and especially not the interest of the common good and we the people. The less free market the less the risk of financial disaster.
@EndTheFedRes Yeah you certainly make sense when you first advocate the joys of deregulation, then claim the banks must be regulated. Well if the banks need to be regulated then deregulating the entire monetary would by your own admission be insane. Your position is that Ron Paul wanted to regulate the banks he planned on deregulating? LOL.. no Ron Paul voted against the abolishment of Glass-Steagal because it didn't deregulated enough!
Yeah and the cause of the financial disaster was that Wall Street ran the Fed, so instead of having Wall Street running the Fed, well let's just let Wall Street print their own dollars and back that with absolutely NOTHING!
The problem with too little oversight is to remove all oversight whatsoever!
The problem with banks controlling the value of the dollar is to let countries like China, Pakistan, IRAN and all the middle eastern countries control the value of the dollar.. yeah...
@SquirrelFromGradLife What are you mumbling about! Do you know anything about the origin and value of money when it is directed by the market. Money is " good" and a medium of exchange. In a free society, gold and silver have been " elected" as best monies, thus allowing a free exchange rate of gold and silver will allow people to actually use these commodities as their monies rather than having a group of corrupt banksters manipulating the currency and bailing out their buddies.
So here's the perfect example on how fucking stupid some people are. When Wall Street are deregulated and left to do it's own thing as THE FREE MARKET, then they crash the economy. So they solution to a problem where THE FREE MARKET creates financial disasters upon financial disasters is to have MORE free market. Yeah.
The problem with Wall Street was that they had to many rules and regulations! yeah. They didn't have enough money to gamble with, and the bets weren't crazy enough! yeah....
@SquirrelFromGradLife You are a grandiose idiot. The Fed created the BOOM by artificially lowering the rate of interest in the years 2001-2004! Guess where the money went first? On wall street! Allowing the JP morgan and Goldman sach to amass enormous profits on their leveraged real estate financial engineered creations. When the chicken came back home to roost and they were going bankrupt, they ran back to the Fed and got bailed out! If that is capitalism to you...you are insane!
@AFRIKTODAY Regulate Wall Street to the point where they have to ask permission to go to the bathroom and then tax them like Eisenhower did with 91% marginal income tax for the top bracket. Tax all income as income including capital gains no matter what!
The so-called free market can apparently no be trusted with anything which their actions have proven.
Ron Paul is fucking insane for even suggesting criminal Wall Street banks should have he right to print money without any oversight.
@SquirrelFromGradLife You might as well establish a soviet system here in America with your love for regulations. The best regulator is the profit and loss mechanism. You create value, you make profits and society benefits; you mismanage your capital, you make loss and capital is transferred to better hands. That's capitalism for you. Not " injecting liquidity" to SAVE CRONY BANKS! Why didn't they come to the public when they were making gazillions during the boom years. You're an hypocrite.
@AFRIKTODAY I don't believe a soviet system would take financial regulation far enough. Since you brought up Madoff he is the perfect example of why your insane deregulation ideas never will work. Billions were lost on a simple swindle and you suggest that somehow removing all regulations would prevent that from happening again? LOL
Banks are like letting unsupervised retarded kids play with gasoline and matches, they are to be watched and controlled at all time.
@SquirrelFromGradLife Listen to Bernie Maddoff! He call the regulators of SEC idiots and imbeciles. They had access to his books since 1999, they were rumors about his excesses since then, but they never cared to check him up. It took a private auditor to finally cling him! Not the SEC! You ought to be kidding! These people are working to harass the competition while the cronies are able to afford the regulatory cost and run to the government coffer for stolen money!
@AFRIKTODAY History proves to us that people can't be trusted with other peoples money, and you keep supporting that conclusion. History proves that especially unsupervised people are NOT to be trusted yet you are under the delusion that less supervision is the way to go.
If anyone is to be allowed anywhere near other peoples money, history tells us that they should be regulated and watched to the point where they have to ask permission to go to the bathroom.
@SquirrelFromGradLife History actually proves that GOVERNMENTS cannot be trusted with people money. Look at the US budget deficit for Godsake. How much taxes are american people liable to? At the local, municipal, state, and federal levels? Yet most government entities in this country are near bankruptcy and DC is the biggest debtor Nation in HUMAN history! Profit and Loss is the best judge of the market. If you need regulation, let the market service do it. Not bureaucratic losers!
@AFRIKTODAY You keep bringing up the horror stories of the banks and the free market, so what really bad things would the banks not be up to with no regulations, no oversight and nothing to stop them.
@SquirrelFromGradLife Which free market? Do we have a " free banking system in this country?" or do we have banking cartel centered around a FED at the service of the big wall street banks? Please tell me that we have a free banking system! Can the Fed bail out a bank or a corporation without the congress and the people approval? Can the fed bail out a firm or a bank in EUROPE? And you dare to call that the FREE MARKET? I don't think you are really serious my friend!
You know as well as I do then that Clinton was prolly one of the WORST presidents in modern history, and Ron Paul tried to STOP him. Yes Ron wants to deregulate, but NOT Laissez-fair. Common sense deregulation.
Billions of dollars spent on THOUSANDS of regulations does NOT= Free Market.
@EndTheFedRes Now youøre just lying again.. Shutting down the EPA, removing all regulation on the environment and letting the oil industry regulate if self is by definition laissez-faire.
Deregulating the entire monetary system and banning the government from making any kind of regulation is by definition laissez-faire.
What these financial disasters prove to normal thinking people, is that the free market obviously do not know what the fuck they're doing nor do it act responsible at any point!
@SquirrelFromGradLife No its not Lassiez-faire. Why are you going off on another tangent? Ron Pauls fix for the EPA is to allow ordinary citizens to litigate these companies, thus making it unprofitable to pollute. Once again the issue is about INDIVIDUAL rights, and PROPERTY rights...just as his stance on Civil Rights. Every google "EPA corrupt" or epa scandal? The EPA is rampant with fraud and abuse. Look at what they did with BP, and then with 'acceptable' radiation levels and Fukushima
@EndTheFedRes Yet again you illustrate how morally bankrupt your position is and how insane your ideas are. Our environment is NOT yours to destroy at will! The EPA is here to protect us from people like you that are under the delusion that oil companies are in their perfect right to destroy our environment and them we can just sue them for any cost after the fact, as if the ridiculous threat of a law suit had ever put off any corporation from destroying everything around them. Regulate them!
@SquirrelFromGradLife I'm sorry did you say the EPA is here to corrupt? or protect? Once you have INDIVIDUAL liberty and let private property owners litigate polluting corporations...they will do a FAR better job than the government...and say BP. Did you see BP was only held responsible for a max fine? People lost BILLIONS and BP was only accountable for 45 million. Great job EPA, just let the taxpayers pick up the rest.
search terms AGAIN... EPA corrupt, EPA scandal put BP in there to.
@EndTheFedRes yeah Clinton was wrong in not vetoing deregulation in 1999 and 2000. The so-called free market can obviously NOT be trusted with anything let alone our economy or our money. You keep providing evidence for how incompetent, criminal and dangerous this free market of yours really is so how can you argue for more free market?
It's obvious to me that the more free market we have the more financials disasters we get! I say regulate the hell out of the banks and tax them hard!
China has about 1/3 of the gold we have. However they are changing in US assets for more precious metals...they are positioning themselves to be the next global reserve currency.
@EndTheFedRes The rest of the world have more than 90% of the gold ever produced! First of all, if handing over control of issuing dollars to the criminal Wall Street banks, you claim run the Fed and that have destroyed the dollar, wasn't retarded enough, then let China and the rest of the world have full control over the value of gold and thereby the dollar..
yeah.. the perfect plan..
and if China wasn't bad enough do you know how much gold Islamic countries like Iran and Pakistan hold?
No, the problem is derivatives and leveraging. Coupled with fractional reserve (the ultimate form of usury) we had a catastrophic breakdown. We need to END THE FED!!!
@EndTheFedRes yeah I have said deregulation of Glass-Steagal, derivatives and commodities was the cause of the financial disaster. The Federal Reserve bank had nothing to do with that. Deregulation is the worst thing that happened to America ever and Ron Paul wants to deregulated ever more.
We do not need to end the Fed and turn anything over to the criminal Wall Street banks.
We need to end deregulation, regulate the banks hard and tax them even more!
@SquirrelFromGradLife My God really? "yeah I have said deregulation of Glass-Steagal, derivatives and commodities was the cause of the financial disaster. The Federal Reserve bank had nothing to do with that."
The Fed was behind all of it. How could you know all that and not know who ultimately was behind it? Ever google "Goldman Sachs revolving door government"? And that is just GOVERNMENT SUX.
@EndTheFedRes The Fed never paid for Phil Gramm to push deregulation written by Wall Street for the benefit of Wall Street. The Fed never deregulated derivatives. The Fed didn't trade in derivatives Wall street did. The Fed never traded against it's own securities and derivatives like Goldman Sachs did! The Fed didn't let the criminal Wall Street banks gamble with YOUR money.
It was all created by deregulation bought by Wall Street! Regulated Wall Street HARD and TAX them even more!
@SquirrelFromGradLife "The Fed never traded against it's own securities and derivatives like Goldman Sachs did!"
Sq...LISTEN. Golman Sachs IS the Fed, or part of it. Has this sunk in yet? Wall St IS the Fed, which is a group of PRIVATE (99 plus percent) bankers. Government Sux, JP Morgan, Citi, Wells, Morgan...ARE THE FED.
Are you LISTENING?
Phil Gramms compliance FINANCIALLY with the Fed can be found at opensecrets(.)org A POWERFUL website. USE IT.
@EndTheFedRes yet again you have just delivered the perfect argument for NOT letting Wall Street print their own money and you have actually just undermined the entire Ron Paul monetary policy. If Wall Street is so bad for America running the Federal Reserve now, how can we let them print their own money without any oversight or regulations as suggested by Ron Paul an yourself.
You're contradicting your own position and you do not even realize that...LOL
@SquirrelFromGradLife Don't take this the wrong way Sq but there is a LOT of disinformation about the Fed out there. I have done the research, I can PM you or ANYONE else who is interested.
"You people do not realize how stupid that gold backed currency really is. Since China is the largest producer of gold"
So what if China produces the most? We HAVE the most. China is gonna have to 'produce' for a VERY VERY long time to catch up. Why would I care if you are producing more Yugo's when I have a FLEET of BMW's?
@EndTheFedRes Actually NO, America do not have the most gold. The rest of the world do in fact have most of the gold ever produced and you have just created the most insane financial system ever where countries like China can control the value of the dollar. LOL.. how fucking stupid is that? are you retarded?.. you complain about not having control over the dollar and then you create a financial system where the rest of the world could crush the gold dollar if they felt like it! real smart..LOL
HR4248 is meant to "To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage." That means a gradual return to commodity money aka gold and silver standard. The dollar has lost 98% of its value since the creation of the FED and, I don't know where you get your info from but Goldman and JP are parts of from the FED and they will go bankrupt once that structure is ENDED. So, please get your fact right.
@AFRIKTODAY You have just proven you obviously can't read! It bans the dollar. It further more shuts down any government institution from issuing currency and let anyone issue their own currency backed by NOTHING!
It would mean Goldman Sachs could start issuing their own dollars! It would mean the China would be in charge of the value of the dollar because they're the largest producer of gold!
You people want to let Goldman Sachs issue their own money? Wake up...
@AFRIKTODAY why do you keep saying that stupid shit about the dollar losing 98% of it's worth when we all know that in order for the economy to grow and you to have any money at all, the money supply have to grow.
The Fed didn't decide you were born but if you want us to take all your money away that have at it Hoss.
I can see no problem with the dollar not being worth as much, because people back then were dirt poor! They had NOTHING.
@AFRIKTODAY JUst to illustrate how dumb the notion of a gold backed dollar is. Gold have gone up six fold since the deregulation of the commodities market in CFMA of 2000. It's now legal for Goldman Sachs to create virtual gold and bet on it. The price of gold have gone up from 250 to about 1700 today all due to speculation which have created a huge bubble. You want to create a stable currency on something that unstable?LOL
@AFRIKTODAY You people do not realize how stupid that gold backed currency really is. Since China is the largest producer of gold, China have control over the price of gold and therefor the value of a gold backed dollar. Is your solution really to hand over control over the dollar to China? Is that your solution? Let Goldman Sachs issue their own money and let foreign countries like China control the value of that dollar! Goldman Sachs and China controlling the dollar! Worst financial nightmare!
@AFRIKTODAY and you obviously haven't thought that gold backed currency through at all. To back all the 8 trillion M3 money in America the US government would have to buy the entire world production of gold for the next 57 years. Do you know what that would do to the gold price? It would explode, and do you know what happens to speculative bubbles like that, yeah the burst! Is that your idea of a stable economy? Letting China have the power to destroy the value of the dollar if they feel like it
@EndTheFedRes I know a stupid idea when I see one, and Ron Paul's solutions is as stupid as they come. Deregulating the entire monetary system when deregulation of Glass-Steagal and then derivatives was what created the disaster! More deregulation of the very same companies that engineered the meltdown.
Hand over control of the dollar to companies like Goldman Sachs that actually started to bet against their own securities right before the collapse to make more money!
@SquirrelFromGradLife Ron Paul wants to END the Fed! Guess what! The big banks that you are mentioning got bailed out by both administrations ( Bush and Obama) and were part of the structure that wrote the regulations that you have discussed. Barney Frank was dolling out money to the wall street guys during the real estate boom and out of sudden he is writing regulation to prevent the frauds that he got paid for by the big financial companies! The whole thing is a joke and you don't get it.
@AFRIKTODAY I know that Ron Paul is virtually INSANE that's what I know! His solution to solve the financial disaster is HR4248 which is basically nothing more than banning the dollar and handing all control over the entire monetary system over the the criminal Wall Street banks and let them start issuing dollar backed by absolutely NOTHING! Goldman Sachs dollars. Yeah try swallowing that.
You don't invite the criminals in your house to steal your stuff right, so why let them run YOUR dollar?
@SquirrelFromGradLife Secondly, unless you are clearly ignorant or obviously dishonest, you must know that Ron Paul has been fighting against the excessive privilege given by all administrations to wall street financial elites. His aim is to try to return the nation toward a sounder monetary and constitutional setting by getting rid of the laws and institutions that violate individual liberties and the constitution. Maybe you hate the constitution after all!
@AFRIKTODAY The ultimate excessive privilege you can give the Wall Street bankers, is to let them print their own money! Now they do not have to manipulate Congress through buying politician and deregulation any more, they have no regulations and no oversight to deal with anymore. Now they can crash their currency when they feel like it.
Ron Paul is willing to let the criminal Wall Street bankers run YOUR dollar! They ruined America and you want them to run the dollar and print money!
@EndTheFedRes Reality is Wall Street do not run the Fed. Even if they did you have now created the perfect argument for NOT letting Wall Street banks print their own money! If the Fed is so bad today and run by Wall Street, why then turn everything over to them and violate the Constitution?
If Wall Street is ruining the dollar today and running the Fed, then why turn the dollar over to them?
@EndTheFedRes if Wall Street are ruining the dollar today, then why turn issuing dollars over to them?
I say regulate the hell out of the Federal Reserve, regulate the banks, stop all deregulation of the financial industry, roll back all deregulation including reinstating Glass-Steagal and up the solvency demands!
Tax the hell out of all financial profits and ban bankers from being paid in stocks. Tax the 1% like the republican Eisenhower taxed them at 91% marginal tax for the top bracket!
@AFRIKTODAY "China produces more gold" lol Tell Squirrel who FU!@#$ CARES? The real question is WHO OWNS THE GOLD? And it ain't China, but they are working on it.
@EndTheFedRes Actually the rest of the world owns 90% of the gold ever produced! If they felt like it countries like China, Russia and Pakistan could crush the golddollar in minutes. You should care because you want the golddallor even if it makes no fucking sense at all and it's highly unconstitutional! Only Congress shall have the power to coin money. Remember.. well you most likely don't.
You do not realize your solution violates the Constitution and is the ultimate economic disaster!
@SquirrelFromGradLife I do NOT want a gold standard, and neither does Ron Paul. He and I want a COMMODITIES standard. The Constitution would have to be ratified. And yes the gold standard did have its problems, however I think those problems PALE in comparison to what we have now aka FIAT NOTHING TO BACK IT. Endless printing.
@AFRIKTODAY How can you say such stupid shit about sounder constitutional setting when the Constitution specifically states that only Congress shall have the power to mint coins ie. "make money"! It's in the Constitution!
and Ron Paul want to get rid of that, ban Congress or any government institution from minting anything or even to makes laws about any future currency, ban them from making any kind of regulation of the monetary market!
So I hate the Constitution?while you have just violated it
@SquirrelFromGradLife lol you make me laugh. The Fed (a group of Wall Street bankers) already CONTROLS the dollar. They control it by setting interest rates, printing money, and digital, as well as manipulate the price of precious metals. Ever heard of gold, silver, wheat, corn, COMMODITIES being PRICED in DOLLARS? Yes you even brought up the naked shorting bit....HELLO!!!
This is how Wall Street bankers ALREADY control your dollar. This is what Ron Paul is trying to get away from. HELLO!!!
@EndTheFedRes Please explain the HUGE contradiction of you saying quote "This is how Wall Street bankers ALREADY control your dollar. This is what Ron Paul is trying to get away from" and the fact that his proposed HR4248 would turn all issuing power over to Wall Street with no oversight, no control, no taxes, no tariffs and no regulation! No nothing!
Please try to explain that contradiction because I don't get it...
@SquirrelFromGradLife Ron wants to introduce a competing currency. A currency that is actually backed by something physical. This will keep the 'printing' to a minimum hence sound money or money that actually retains its value. Currently Wall Street aka the Fed can print unlimited amounts of currency (thus controlling its value), this will put an end to that.
Ron did vote against the Repeal of Glass Steagall, you do know that?
@SquirrelFromGradLife I am not sure if English is your first language but you can't obviously been kidding about the constitution and its specification on money. The constitution clearly states that ONLY GOLD AND SILVER are money and the ROLE of government is to REGULATE THEIR VALUE. ( That means making sure that the currency is not been debased)! So, you better get your facts right buddy!
This means that since we are under a PAPER MONEY STANDARD, unlike the GOLD STANDARD OF THE CONSTITUTION
@AFRIKTODAY Why do you begin to quote some of the Constitution to me and leave the part out from the Constitution of the United States, Article I, Section 8 where it specifically states only Congress shall have the power to coin money! How about the part?
@EndTheFedRes here's how fucking litlle you know about the Constitution and the Federal Reserve Act. Congress retains the power to coin money but have delegated that authority to the Federal Reserve Bank through legislation meaning that Congress still is the only power with the right to coin money. It'sin the fucking bill!
A bill like Ron Paul's HR4248 is be definition unconstitutional because it bans Congress from having the power to coin money! That's it. Unconstitutional game over!
@SquirrelFromGradLife By the way, minting COINS, is very different from MINTING PAPER! Coins=GOLD AND SILVER! We have an hybrid system where an external structure, outside of government juridiction can not only creates money out of thin air, but it can also lend that money to our government at interest and thus making the population liable to the debt incurred by that government ( 16th amendment). I think you ought to read a few Murray Rothbard books on money buddy!
@AFRIKTODAY No I actually believe youøre borderline insane. You begin to rant about the Constitution and how you seem to want to protect it, while your insane suggestions actually violates the Constitution! Try reading it if you can read!
Constitution of the United States, Article I, Section 8 "Congress shall have the power to...coin money". How about that! HR4248 specifically states the Congress shall be banned from coining anything or make any future regulation regarding money whatsoever!
@SquirrelFromGradLife Consequently, Ron Paul wants to return to a constitutional framework of money, not the opposite since our current monetary system is ANTI-CONSTITUTIONAL. So buddy, before you get into your ridiculous rant, get a book and read quite a bit about monetary history. If you need some help, I can orientate you toward a few austrian economists.
@AFRIKTODAY yeah Ron Paul want to take a huge dump on the part of the Constitution of the United States, Article I, Section 8 which specifically states the only Congress shall have the power to coin money... yeah never mind that..
@EndTheFedRes here the retard go again!LOL How Ron Paulplans to introduce his insane solution well he have already put it into a bill and proposed it in Congress as HR4248. It's unconstitutional because the Constitution specifically states in art. 1 sec.8 clause 5 that only Congress shall have the power to coin money, and a bill specifically banning Congress from having the power to coin money is therefor unconstitutional.
@SquirrelFromGradLife Truly again, you are an idiot. Ron Paul was one of the FEW who voted AGAINST the repeal of Glass Steagall moron. Yes I agree Glass Steagall, CFMA (both under CLINTON), and the medaling of the Net Capital Rule (Bush) is what got us here...in a nutshell. You have done nothing but prove your ignorance.
@EndTheFedRes I do not care how Ron Paul voted because I know his deregulation bullshit is completely insane. In fact I know why Ron Paul voted against both bills and that was because they didn't take the insane deregulation far enough. He was upset about the CFMA leaving some of the regulation in place.
Ron Paul want to deregulate the entire American monetary system and turn all power over issuing money over to the Wall Street banks you're railing against....LOL
@SquirrelFromGradLife Let me disabuse you of one more thing. Laissez-fair economics vs. Free Market Economics. People equate Laissez-fair (absolutely NO intervention) with a Free Market (which has some/very little regulation) LIKE GLASS STEAGALL!!!
Free Markets don't don't mean Laissez-fair. We live in a free society, but you're not free to go and shoot your neighbor.
@EndTheFedRes Deregulation ruined America that a scientific fact! Ever financial deregulation have been followed by a major financial disaster on average 3-5 years later.
Deregulating Savings and Loans - disaster, abolishment Glass-Steagal - disaster, deregulating derivatives - disaster, deregulating commodities - a future disaster when the six fold gold price bubble bursts and it will do so.
No more deregulation! If the retards keep burning your house down you take away the gasoline and matches
@1DA7BB Actually many of the non lethal weapons used against OWS protesters comes directly from FN Herstal in Belgium. Had the Fed not issued credit to banks and major corporations around the world as a result of the interbank market shutting down because of the fear of more bank collapses following derivatives losses the police could not have bought tear gas guns from FN Herstal, handguns and assault riffles.
The real 'TERRORISTS' are in The US Congress, and THEY are financed by THEM: certain Mega-Banksters--you know their names--.
The TERRORIST'S names are: Mr. Avarice, Mrs. Arrogance, Lord Exploitation, Ms. Apatheia, and Mr. B. S. Deception Esq.
THEY have occupied the hearts of certain, perhaps most (?) Congressman, who are on Social Welfare Medicine, save a few with a modicum of self respect left, as they deny it to the middle-class uninsured,who voted the traitorous bastards in, and pay them!
@LoveIsNotNotLove I should point out, that I use the title word 'terrorist' as THEY are rsponsible for many people's deaths, continual suffering. It speak ofcourse allegorically, --personifying vice-- for CAPITAL SINS that kill others and themselves, as money-drunken gamblers looting their own families cookie jar savings, reserved for rainy day food bills, only to run off and gamble it at the Casino on Wall St., without asking in a honest way first. There is a cure: The respect of God: LOVE.
and then you fail to mention ALL the trillions came back.. had the Fed not defrosted the entire interbank market there would not be any American economy today.
Your credit card would be useless, you couldn't travel and companies couldn't trade! That's reality because banks stopped lending each other money and extending credit, so the Fed had to intervene.
All of the trillions in credit came back! But the threat from Wall Street and derivatives persists.
3 friends? But I don't believe in God and most of the time I don't even believe in the Democratic party anymore. We need more people like Alan Grayson.
Will someone tell Al Sharpton to stop yelling. Fuck man, let Alan Grayson speak for crying out loud.
Jimjammajay 1 week ago
nice to see sharpton earning a decent living
optionsupdate 2 months ago 2
The excuse that the people won't have any faith in those institutions any more is the same as Enron when they kept debts off their books.
1776bricks 2 months ago
Comment removed
1776bricks 2 months ago
Just heard he's running again.
elfil76 3 months ago
John Boehner, sir, you have no idea what class warfare is. Let me give you an example of class warfare. In the yeas 1358, in St. Leu, France, the towns people revolted against their local lord. They put the knight on a roasting spit, took turns violating his wife in front of his kids. The knight was force fed to the wife and kids until they were killed. That is fucking class warfare, not paying 3% more in taxes (or 20% more on capital gains). Now shut the fuck up!
Newenlightenmentnow 3 months ago
I thought this clown was supposed to be " reverend". What is a reverend doing on a TV set? Isn't he supposed to be preparing his sunday mass?
AFRIKTODAY 3 months ago
Let's try that one again because even it got that basic some didn't seem to get it.
According to some people Wall Street and the Federal Reserve Bank is the same thing. Let's for the sake of the argument say that were true. Then making the argument that the Fed shouldn't be allowed to issue money, must also be true for Wall Street since the premise was that Wall Street and the Fed was the same thing.
What goes for the Fed goes for Wall Street if their the same thing.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife No one is saying that because there is a conflict of interest involved in big bank executives sitting on regional boards of the Federal Reserve, and that this conflict of interest led to bad bailouts to those banks -- no one is saying that this proves that therefore banks can't lend money and the fed can't create money.
It's a really odd conflation you made there.
123gwf 3 months ago
It's hilarious to see how these retarded people keep making the same the same contradictions over and over again and not realizing it.
If Wall Street and the Federal Reserve bank are the same "entities" and the Fed shouldn't be allowed to print money, then by definition Wall Street also shouldn't be allowed to do so, because according to some Wall Street and the Federal Reserve is the same thing. It can't be more of a contradiction.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife You are truly fuckn stupid...stupid. Who is the Fed? The Fed is part of Wall Street you moron. Look it up.
EndTheFedRes 3 months ago
@EndTheFedRes Yet another argument against your own position... well done... yet another contradiction
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Against my own position? Enlighten me please.
EndTheFedRes 3 months ago
@SquirrelFromGradLife Sq u ok? Been a while. Did you find out the Fed is part of Wall Street, and already controls the value of our dollar? It's ok to admit you are wrong.
I remember when I was protesting the UnConstitutionality of the income tax, because the Fed is UnConstitutional...however as it turns out the Fed is just our governments 'blank check' banker. The Treasury enforces the income tax, not the Fed.
See it's ok to admit you're wrong. Thats how you learn.
EndTheFedRes 3 months ago
@SquirrelFromGradLife WTF are you talking about. The Federal reserve system is a " CARTEL"! Do you know what a cartel means? Everything for us and nothing for those outside the club! Common use your brain!
AFRIKTODAY 3 months ago
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Sq "We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost." lol That was the free market?
I don't think free markets allow banks and ins companies to privatize profits and Socialize the losses. You really do need to educate yourself.
EndTheFedRes 3 months ago
This has been flagged as spam show
Sq "We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost." lol That was the free market?
I don't think free markets allow banks and ins companies to privatize profits and Socialize profits. You really do need to educate yourself.
EndTheFedRes 3 months ago
Sq. Chances are that if you don't know the Fed is private and part of Wall Street you are certainly 'out of your league'. My degree is in electronics...with some Keynesian economics, but even I know this. Why don't you?
EndTheFedRes 3 months ago
Is it the same place that tells you the Fed and Wall Street are two separate entities?
EndTheFedRes 3 months ago
We have all witnessed the joys of the so-called free market when the banks were left to gamble with our money and lost. Yeah the free market really showed us a lesson in how a free market operates. If you paint a big square in the street and writes FREE MARKET and then leaves all your money there over night without supervision, the magical power of the free market will keep your money safe and secure they won't be taken because that free market painted square sure does protect your money!
SquirrelFromGradLife 3 months ago
I have just got a brilliant idea. I will print a piece of paper that says this paper is worth it's weight in gold. So you can give me all your money, all your wealth and the value of everything you own, and you can just trust me that if and when you come back with that piece of paper all your money will still be there.
yeah give me all your money or else the argument of letting criminal Wall Street print money do not hold water.Yeah you can trust me with all your money and no supervision! LOL
SquirrelFromGradLife 3 months ago
Can we trust the banks with our entire economy, when wee living in the hell they created the last time they wrecked the economy?
yeah let the criminal Wall Street banks print their own money and let's try to find out if they can be trusted again. Oh well they couldn't be trusted so all is lost in their dollar, so let's try again, and again and again. Except there will be no again if the banks crash the dollar. Then that's it. There is no more economy..
SquirrelFromGradLife 3 months ago
The so-called free market economy managed to destroy the entire world economy when they were left unsupervised or just a minute.
The delusion that somehow banks will start to play nice with yo money if we just stop checking on them is like leaving the retarded kids in charge of the cookies hoping that if we just shut the door then somehow the cookies will still be there when we return.
All of history tells us that the banks can NOT be left in charge of OUR cookies without strict supervision.
SquirrelFromGradLife 3 months ago
"A free-market economy is one within which all markets are unregulated by any parties other than market participants. In its purest form, the government plays a neutral role in its administration and legislation of economic activity, neither limiting it (by regulating industries or protecting them from internal/external market pressures) nor actively promoting it (by owning economic interests or offering subsidies to businesses or R&D)."
EndTheFedRes 3 months ago
@EndTheFedRes Where do you get such stupid shit about that retarded free market economy? Do you pull it out your ass and does it in fact have any relation to reality?
All of history of mankind tells us your idea of the free market do not equate with reality.
If banks were just left alone with our money they would be safe?
If we just putt all our money in a big bag and leave them with your friendly neighborhood criminal then the money will be safe.
yeah we can trust the banks, you just said that1
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife "Where do you get such stupid shit about that retarded free market economy?" uhmm...College, and other peer reviewed publications. Where do you get yours?
EndTheFedRes 3 months ago
Why should Wall Street banks be allowed to print their own money?
SquirrelFromGradLife 3 months ago
"Letting gold compete with the dollar would empower people, not the government. People would decide whether they prefer to work for, save, and spend gold or fiat dollars. That way, all of the people in the US economy would collectively decide on the true buying power of a dollar compared to an ounce or gram of gold. That way, the government would be out of the loop of the price-setting process for gold and would no longer be able to secretly manipulate its dollar-value."
EndTheFedRes 3 months ago
@EndTheFedRes A gold currency and deregulation of the entire monetary system would remove any and all power we the people had over the dollar, turn all control over to the criminal Wall Street banks. Further more a gold dollar would let foreign countries like China in total control over the value of that dollar.
Letting Wall Street banks print their own dollars and the rest of the world including Islamist countries have all control over the value of the dollar is the ultimate economic nightmare
SquirrelFromGradLife 3 months ago
Lol man Alan is a man of the people and he has a sense of humor...how can u not like this guy?
Charmer4856 3 months ago
If the Wall Street banks are so bad at running the Fed, how can they be trusted with printing their own dollars?
SquirrelFromGradLife 3 months ago
These crazy Ron Paul fanatics do not even realize how insane their solutions have become and how much of a contradiction that solution is. Their claim is that Wall Street run the Fed and that's bad and have ruined America and the dollar. So the solution to Wall Street running the Fed is to shut the Fed down, remove all government oversight and then let the very same Wall Street banks that ran the Fed start printing their own money with no oversight, no control and no regulations!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Crazy? You dont even know the Fed IS part of Wall Street. Thats not so crazy is it? Maybe you should LISTEN.
What government oversight? The Fed and Wall Street finance Congress...are they really regulating. I thought you were a fan of Grayson? Grayson has even said as much. Maybe you will listen to him.
PLEASE EDUCATE YOURSELF Squirrel
EndTheFedRes 3 months ago
@EndTheFedRes Crazy and insane that's what the suggestion of letting Wall Street start printing their own money with no oversight. You seem unable to realize your own huge contradiction. You claim Wall Street banks have runied America through the Federal Reserve so the solution is to remove the Federal Reserve from the equation and the just let Wall Street print the money they want with no regulation and no oversight.If your argument is that Wall Street ruined America, why trust them with money?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife "Crazy and insane that's what the suggestion of letting Wall Street start printing their own money with no oversight." Yes that would be. However if a competing currency is produced backed by gold/silver/platinum and other commodities this will limit what they can print.
My solution is to legalize the Constitution. That is allowing ONLY gold and silver to be used as money. Yes I do want this to be ratified to include a 'basket' of weighted commodities.
EndTheFedRes 3 months ago
@EndTheFedRes To illustrate how stupid and dangerous that gold backed dollar is, let's just take a look what happens to the value of a gold backed dollar if the price of gold goes down. if you have a dollar that equates to a fixed weight of gold and gold prices drop, the value of the dollar must drop. If the dollar is just backed dollar to dollar by gold then you have similar problems where falling gold prices means more gold have to be bought.
It's just plain stupid
SquirrelFromGradLife 3 months ago
Sq it is laughable, and cryable that you have 90% of whats going on; down. I'm here to give you that last 'most enlightening' 10%. Alan Grayson knew the Fed is the cancer...do you? Read back through my posts...investigate, educate, and finally celebrate, that is if you learned.
Remember Sq the Fed IS Wall St...or the private banking sector of Wall St, and these bankers CONTROL everything monetarily. To say Congress oversee's the Fed is a bit (very BIG bit) near sighted. Grayson knows this
EndTheFedRes 3 months ago
@EndTheFedRes Since Alan Grayson in his time in Congress have participated in making legislation regulating the Federal Reserve and sat on the U.S. House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises he knows Congress have oversight with the Federal Reserve Bank system and that's why he is calling for more financial regulation of both the Federal Reserve and Wall Street.
He knows your suggestion of letting Wall Street print their own money is insane!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife And as the GREAT former Rep Grayson said...'It's kinda hard to regulate the people writing you 5 thousand dollar checks' He was talking about the Fed. The group of private bankers who run Wall Street. That legislation he participated in was with Ron Paul, but the Dodd/Frank bill killed any chance of a full audit. The banker bailout cost TRILLIONS and this has been known for quite some time, this 16 Trillion is not new news, nor is it the end of the money.
EndTheFedRes 3 months ago
@EndTheFedRes Actually the 16 trillion have nothing to do with bailing out the criminal Wall Street banks, that thanks to deregulation of derivatives had created the worst gambling circus ever and thanks to deregulating Glass-Steagal could gamble with YOUR money. The Federal Reserve are chartered through the Federal reserve Act to inject liquidity into the interbank market if it's shut down through providing credit.All 16 trillion came back with interest saving the entire world economy!
SquirrelFromGradLife 3 months ago
@EndTheFedRes You're merely providing more and more proof why financial deregulation is a horrible idea which completely undermines your position of MORE financial deregulation through the complete deregulation of the monetary system.
If the Wall Street banks according to you are doing such a bad job of running the Fed and the dollar, then why should they be allowed to print their own money with absolutely no oversight. It makes absolutely no sense at all.
SquirrelFromGradLife 3 months ago
Phill's top contributors...
1 Credit Suisse First Boston $45,000
2 Morgan Stanley Dean Witter & Co $35,500
3 Security Traders Assn $32,500
4 Goldman Sachs $29,000
5 Bank of America $26,500
6 Merrill Lynch $19,000
7 Chase Manhattan $18,750
You tell me Sq...ties to the Fed? You think the Fed may have had something to do with the repeal of Glass Steagall?
EndTheFedRes 3 months ago
@EndTheFedRes First of all the numbers are wrong and way to low, secondly that is living proof of why Wall Street or any separate interest shouldn't be allowed near lawmakers and why OWS demands election reform and a ban on the rampant out of control lobbyism. Regulate lobbyist to the extend that if they want to talk directly to a politician is has to be broadcasted on live prime network TV and aired on the internet. Regulate, regulate regulate those bastards!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife LISTEN Sq, now your attempting to discredit people by refusing to acknowledge the PROOF thats right in FRONT of you. Don't be a dumb ass, it's right THERE.
There are two kinds of people. Those who refuse to believe (even when the proof is right in front of them), and those who refuse to believe and LEARN from it. Which are you?
The Fed=Wall Street. The Fed is a group of PRIVATE bankers who run bat shit crazy on Wall Street.
EndTheFedRes 3 months ago
@EndTheFedRes I am saying the numbers are way to low. Further more it's completely irrelevant how big the numbers are, because you have just provide yet more evidence that Wall Street should not be allowed to print their own money as your crazy band leader Ron Paul suggests in HR4248.
I do not know how many times you have to cotradict your own position and prove it to be absolutely insane before you realize how WRONG and DANGEROUS letting Wall Street print their own money really is!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Right now there IS a monopoly on the money supply, and it IS the Wall St run Fed. WAKE UP!!!
Legalizing a competing currency (one that actually retains its value) will END this monopoly, and restore sound money. The Fed has devalued the dollar 97% since its inception, and this was one of the MAIN reasons the Fed was brought about. To stave off inflation lol, I would say they have FAILED miserably.
EndTheFedRes 3 months ago
@EndTheFedRes The more you keep bashing Wall Street the less of an argument you have for letting Wall Street start printing their own money with absolutely no oversight or regulations, so just keep digging the grave for your argument and your insane solutions.
If Wall Street are so bad at running the Fed and running OUR dollar, why are we to let them start printing their own money with no oversight?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife "If Wall Street are so bad at running the Fed and running OUR dollar, why are we to let them start printing their own money with no oversight?"
Aren't they doing that now?
EndTheFedRes 3 months ago
@EndTheFedRes So now yo have just created a circular argument that undermines your entire position.
You can't seem to come up with the simple answer to, why should we let Wall Street print tjeir own money with no oversight as you suggest they should be allowed too?
Why?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife here is a GREAT article explaining Ron's position for wanting to go back to a gold standard (or commodities standard as he has stated) search "Ron Paul and MONEY Why He Wants to Abolish the Fed, the IRS, and Reintroduce Gold As Currency"
EndTheFedRes 3 months ago
@EndTheFedRes Your insane solution equates to letting the arsonists run the fire department, let the mafia run the FBI, let the criminals run the courts, let communist North Korea run the democracy, let the wolwes mind the sheep, let the oil companies regulated themselves (oh wait that another of your brilliant solutions), let the crazy creationist religious fanatics protect the separation of church and state (oh wait Ron Paul is a crazy creationist)- yeah let's have the criminals print money!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Stop the nonsenses about regulations! Sound money, gold and silver and let's abolish the IRS along the way along with more than 5 government entities. They are all useless, they suck up society's productivity and transfer it to corrupted and megalomaniacs in government. Starve the State; that's the recipe for a free society. We do not need regulators. Most of them are incompetent just ask Bernie Madoff!
AFRIKTODAY 3 months ago
@AFRIKTODAY So regulations are nonsense?LOL... well regulations are the only thing that can prevent the criminal Wall Street gangsters from robbing america again and again.. how can you even begin to start saying Wall Street would start behaving nicely if there were nothing to stop them, no regulations and no overight?LOL. how fucking stupid is that argument.. Regulate the heel out of them.
How can you say we do not need regulations when Wall Street created financial hell without regulations!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Show me an example of regulation that actually works in the American financial and economic system without causing unintended consequences that obviously serves the interests of the cronies? Just one please! You ought to be kidding! I guess you have very little understanding of the history of regulations in this country. It all started during the progressive era and was created by the BIG BANKS and the BIG CORPORATIONS to keep the new competitors at bay!
AFRIKTODAY 3 months ago
@AFRIKTODAY Are you fucking insane? yeah financial regulation works the deregulation is the fucking cause of this mess! how about having regulation that said banks are not to gamble with your money! Oh wait we had that and it was called Glass-Steagal. What about having regulation that kept banks from having a secret gigantic financial casino with estimated 100 trillion in liabilities without any oversight or financial backstop, oh wait we sorta had that before the deregulation of derivatives!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife You are a joke and you have a very little understanding behind the creation of the glass steagal act. The main reason of the creation of the glass steagal act was to BAILOUT THE BANKS after the episodes of the bank run that had taken place during the 30s when customers were running to the banks to take out their gold and money from the near-bankrupted banks. That's when the FDIC was created! You should stop listening to nonsenses my friend!
AFRIKTODAY 3 months ago
@AFRIKTODAY The Glass-Steagal Act created a firewall between the corporate and investment side of banking, between your money and the banks money. You know that right. You might be to delusional but that is reality.
Banks used OUR money to gamble with the moment they were allowed to do so. You say that's perfectly fine and there shouldn't be any any financial regulations and somehow despite everything we know and all of history banks should suddenly start to play nice with our money!You're WRONG
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife The Glass steagal was created AFTER the worse damage has been done to the American people: Their Gold, their constitutional money, had been unlawfully confiscated by the US government. That is the basic premise. Why do you discuss the expropriation of the American people at the hand of government officials? The Glass steagal act did not end the great depression but the free market and lower regulations. So, I don't see your point!
AFRIKTODAY 3 months ago
@AFRIKTODAY So you have just said you can't see how not letting banks gamble with your money is a goo idea and how that makes sense even though you have just railed against the actions of Wall Street when they did just that, gamble with your money and lost. You can't see how that's the biggest retarded contradiction ever.
The so-called free market didn't end the depression, the government and the war did that..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Bank glambled BECAUSE the FED artificially lowered the rate of interest, creating liquidity that were then used in all forms of speculation. This is the primal cause of boom which them lead to a bust. If you cannot understand the basic cause of a credit cycle, you are utterly been hypocritical. There is a cause and a effect to all policies. Gold prevent the government and its central banks from manipulating the money supply! That's why roosevelt STOLE the people's GOLD.
AFRIKTODAY 3 months ago
@AFRIKTODAY No the banks gambled with your money and lost because of deregulation of the Glass-Steagal Act. our bullshit about interest rates are fucking irrelevant. The banks gambled with YOUR money because deregulation removed the regulation that said banks couldn't gamble with yo money. That's fucking why and keep the Fed out of it you fucking retard.
Your fucking beloved free market just fucked us again an somehow your under the delusion that to many rules was the cause!! LOOOOL
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Up until 1933, the US was under a gold standard and American citizens could exchange their paper notes into gold coins. Roosevelt confiscated American citizens gold and made it illegal for them to hold the physical metal or suffer lengthy JAIL TERMS ( THE GREAT FDR you liberal love). The entire regulatory structure that was created at that period was to one protect the BIG BANKS ( as usual) and extend government power. So please, cut the crap!
AFRIKTODAY 3 months ago
@AFRIKTODAY Your suggestion is that if there's no rules and no one to watch then, despite all of history, banks will somehow play nice... Despite your own statements on how criminal these banks are, if we just let them be completely unattended, they will NOT repeat their criminal actions from when we watched them...LOL..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife IF YOU LEAVE THESE BANKS ON THEIR OWN, THEY WILL GO BANKRUPT IN A WEEK! All of them! CITI, JP, GOLDMAN...ETC You that very well and that's why you stated that they needed liquidity from the Fed. I want these banks to be accountable to their depositors and investors like all other businesses do. That's what America is all about and should be. If you like cronyism, you should try north Korea or saudi Arabia!
AFRIKTODAY 3 months ago
@AFRIKTODAY Are you fucking INSANE? You have just handed the entire monetary system over to the banks and now you're hell bent on having them go bankrupt. Well if they go bankrupt and they print the money the money is worthless...LOL.. well done..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife You are ridiculous! Who has handed the banking system to banks? How can a bankrupt institution print money? By the way, the fed prints the money, not the banks! The banks can only create demand deposit ( checking) through the fractional reserve system. You don't even know what you are talking about buddy! The Fed serves the banks! WITHOUT THE FED, THEY ARE COOKED!
AFRIKTODAY 3 months ago
@AFRIKTODAY so if you leave the banks alone with all our money they will go bankrupt in week.. yeah that sounds bot right! yet another argument of why the banks shouldn't be allowed to print money..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Banks do not create money, they create demand deposit ( checking account) on top of their monetary base. This means that banks are always leveraged at all time, making it impossible for their respond to all their customers withdrawal. That's why banks need the Fed as lender of last resort in a case of emergency ( when customers lose confidence in the banks) like what happened in 2008! You just don't even know what you are talking about sir.
AFRIKTODAY 3 months ago
@SquirrelFromGradLife "So regulations are nonsense?" Yes...at least most of them. All those regulations worked out well didn't they. Enron, Bernie, etc... Ever google "accounting scandals"? On top of that, we bail out the abusers, you know the WALL STREET FED who LOBBIED Gramm, and Clinton to repeal those common sense regulations...that PAUL voted AGAINST in order to REGULATE them.
EndTheFedRes 3 months ago
@EndTheFedRes Your argument about regulations is that if there were no regulations the criminals would play nice? Is that really it? You know the Enron loophole was created by deregulation. Enron was left alone to create hypothetical deals from which they were allowed to record hypothetical profits as actual profits. Deregulation created that little disaster! What should keep Enron-like people from doing exactly the same again if there were no rules to say you can't do that .
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife I thought I disabused you of the notion that a Free Market is NOT laissez-faire.
EndTheFedRes 3 months ago
@EndTheFedRes i don't fucking care what you call your insane ideas.. Free market bullshit. Your own arguments about the actions of the banks, your so-called free market, have just disprove the entire notion that a free market can ever exist with the notion of serving any interest other than their own and especially not the interest of the common good and we the people. The less free market the less the risk of financial disaster.
SquirrelFromGradLife 3 months ago
@EndTheFedRes Yeah you certainly make sense when you first advocate the joys of deregulation, then claim the banks must be regulated. Well if the banks need to be regulated then deregulating the entire monetary would by your own admission be insane. Your position is that Ron Paul wanted to regulate the banks he planned on deregulating? LOL.. no Ron Paul voted against the abolishment of Glass-Steagal because it didn't deregulated enough!
SquirrelFromGradLife 3 months ago
Yeah and the cause of the financial disaster was that Wall Street ran the Fed, so instead of having Wall Street running the Fed, well let's just let Wall Street print their own dollars and back that with absolutely NOTHING!
The problem with too little oversight is to remove all oversight whatsoever!
The problem with banks controlling the value of the dollar is to let countries like China, Pakistan, IRAN and all the middle eastern countries control the value of the dollar.. yeah...
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife What are you mumbling about! Do you know anything about the origin and value of money when it is directed by the market. Money is " good" and a medium of exchange. In a free society, gold and silver have been " elected" as best monies, thus allowing a free exchange rate of gold and silver will allow people to actually use these commodities as their monies rather than having a group of corrupt banksters manipulating the currency and bailing out their buddies.
AFRIKTODAY 3 months ago
So here's the perfect example on how fucking stupid some people are. When Wall Street are deregulated and left to do it's own thing as THE FREE MARKET, then they crash the economy. So they solution to a problem where THE FREE MARKET creates financial disasters upon financial disasters is to have MORE free market. Yeah.
The problem with Wall Street was that they had to many rules and regulations! yeah. They didn't have enough money to gamble with, and the bets weren't crazy enough! yeah....
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife You are a grandiose idiot. The Fed created the BOOM by artificially lowering the rate of interest in the years 2001-2004! Guess where the money went first? On wall street! Allowing the JP morgan and Goldman sach to amass enormous profits on their leveraged real estate financial engineered creations. When the chicken came back home to roost and they were going bankrupt, they ran back to the Fed and got bailed out! If that is capitalism to you...you are insane!
AFRIKTODAY 3 months ago
@AFRIKTODAY Regulate Wall Street to the point where they have to ask permission to go to the bathroom and then tax them like Eisenhower did with 91% marginal income tax for the top bracket. Tax all income as income including capital gains no matter what!
The so-called free market can apparently no be trusted with anything which their actions have proven.
Ron Paul is fucking insane for even suggesting criminal Wall Street banks should have he right to print money without any oversight.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife You might as well establish a soviet system here in America with your love for regulations. The best regulator is the profit and loss mechanism. You create value, you make profits and society benefits; you mismanage your capital, you make loss and capital is transferred to better hands. That's capitalism for you. Not " injecting liquidity" to SAVE CRONY BANKS! Why didn't they come to the public when they were making gazillions during the boom years. You're an hypocrite.
AFRIKTODAY 3 months ago
@AFRIKTODAY I don't believe a soviet system would take financial regulation far enough. Since you brought up Madoff he is the perfect example of why your insane deregulation ideas never will work. Billions were lost on a simple swindle and you suggest that somehow removing all regulations would prevent that from happening again? LOL
Banks are like letting unsupervised retarded kids play with gasoline and matches, they are to be watched and controlled at all time.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Listen to Bernie Maddoff! He call the regulators of SEC idiots and imbeciles. They had access to his books since 1999, they were rumors about his excesses since then, but they never cared to check him up. It took a private auditor to finally cling him! Not the SEC! You ought to be kidding! These people are working to harass the competition while the cronies are able to afford the regulatory cost and run to the government coffer for stolen money!
AFRIKTODAY 3 months ago
@AFRIKTODAY History proves to us that people can't be trusted with other peoples money, and you keep supporting that conclusion. History proves that especially unsupervised people are NOT to be trusted yet you are under the delusion that less supervision is the way to go.
If anyone is to be allowed anywhere near other peoples money, history tells us that they should be regulated and watched to the point where they have to ask permission to go to the bathroom.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife History actually proves that GOVERNMENTS cannot be trusted with people money. Look at the US budget deficit for Godsake. How much taxes are american people liable to? At the local, municipal, state, and federal levels? Yet most government entities in this country are near bankruptcy and DC is the biggest debtor Nation in HUMAN history! Profit and Loss is the best judge of the market. If you need regulation, let the market service do it. Not bureaucratic losers!
AFRIKTODAY 3 months ago
@AFRIKTODAY You keep bringing up the horror stories of the banks and the free market, so what really bad things would the banks not be up to with no regulations, no oversight and nothing to stop them.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Which free market? Do we have a " free banking system in this country?" or do we have banking cartel centered around a FED at the service of the big wall street banks? Please tell me that we have a free banking system! Can the Fed bail out a bank or a corporation without the congress and the people approval? Can the fed bail out a firm or a bank in EUROPE? And you dare to call that the FREE MARKET? I don't think you are really serious my friend!
AFRIKTODAY 3 months ago
You know as well as I do then that Clinton was prolly one of the WORST presidents in modern history, and Ron Paul tried to STOP him. Yes Ron wants to deregulate, but NOT Laissez-fair. Common sense deregulation.
Billions of dollars spent on THOUSANDS of regulations does NOT= Free Market.
EndTheFedRes 3 months ago
@EndTheFedRes Now youøre just lying again.. Shutting down the EPA, removing all regulation on the environment and letting the oil industry regulate if self is by definition laissez-faire.
Deregulating the entire monetary system and banning the government from making any kind of regulation is by definition laissez-faire.
What these financial disasters prove to normal thinking people, is that the free market obviously do not know what the fuck they're doing nor do it act responsible at any point!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife No its not Lassiez-faire. Why are you going off on another tangent? Ron Pauls fix for the EPA is to allow ordinary citizens to litigate these companies, thus making it unprofitable to pollute. Once again the issue is about INDIVIDUAL rights, and PROPERTY rights...just as his stance on Civil Rights. Every google "EPA corrupt" or epa scandal? The EPA is rampant with fraud and abuse. Look at what they did with BP, and then with 'acceptable' radiation levels and Fukushima
EndTheFedRes 3 months ago
@EndTheFedRes Yet again you illustrate how morally bankrupt your position is and how insane your ideas are. Our environment is NOT yours to destroy at will! The EPA is here to protect us from people like you that are under the delusion that oil companies are in their perfect right to destroy our environment and them we can just sue them for any cost after the fact, as if the ridiculous threat of a law suit had ever put off any corporation from destroying everything around them. Regulate them!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife I'm sorry did you say the EPA is here to corrupt? or protect? Once you have INDIVIDUAL liberty and let private property owners litigate polluting corporations...they will do a FAR better job than the government...and say BP. Did you see BP was only held responsible for a max fine? People lost BILLIONS and BP was only accountable for 45 million. Great job EPA, just let the taxpayers pick up the rest.
search terms AGAIN... EPA corrupt, EPA scandal put BP in there to.
EndTheFedRes 3 months ago
@EndTheFedRes yeah Clinton was wrong in not vetoing deregulation in 1999 and 2000. The so-called free market can obviously NOT be trusted with anything let alone our economy or our money. You keep providing evidence for how incompetent, criminal and dangerous this free market of yours really is so how can you argue for more free market?
It's obvious to me that the more free market we have the more financials disasters we get! I say regulate the hell out of the banks and tax them hard!
SquirrelFromGradLife 3 months ago
China has about 1/3 of the gold we have. However they are changing in US assets for more precious metals...they are positioning themselves to be the next global reserve currency.
EndTheFedRes 3 months ago
@EndTheFedRes The rest of the world have more than 90% of the gold ever produced! First of all, if handing over control of issuing dollars to the criminal Wall Street banks, you claim run the Fed and that have destroyed the dollar, wasn't retarded enough, then let China and the rest of the world have full control over the value of gold and thereby the dollar..
yeah.. the perfect plan..
and if China wasn't bad enough do you know how much gold Islamic countries like Iran and Pakistan hold?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Why wouldn't I know I gave you the list. lol
EndTheFedRes 3 months ago
JP Morgan, Goldman Sux, Wells....THIS IS THE FED!!!
EndTheFedRes 3 months ago
Squirrel
No, the problem is derivatives and leveraging. Coupled with fractional reserve (the ultimate form of usury) we had a catastrophic breakdown. We need to END THE FED!!!
EndTheFedRes 3 months ago
@EndTheFedRes yeah I have said deregulation of Glass-Steagal, derivatives and commodities was the cause of the financial disaster. The Federal Reserve bank had nothing to do with that. Deregulation is the worst thing that happened to America ever and Ron Paul wants to deregulated ever more.
We do not need to end the Fed and turn anything over to the criminal Wall Street banks.
We need to end deregulation, regulate the banks hard and tax them even more!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife My God really? "yeah I have said deregulation of Glass-Steagal, derivatives and commodities was the cause of the financial disaster. The Federal Reserve bank had nothing to do with that."
The Fed was behind all of it. How could you know all that and not know who ultimately was behind it? Ever google "Goldman Sachs revolving door government"? And that is just GOVERNMENT SUX.
EndTheFedRes 3 months ago
@EndTheFedRes The Fed never paid for Phil Gramm to push deregulation written by Wall Street for the benefit of Wall Street. The Fed never deregulated derivatives. The Fed didn't trade in derivatives Wall street did. The Fed never traded against it's own securities and derivatives like Goldman Sachs did! The Fed didn't let the criminal Wall Street banks gamble with YOUR money.
It was all created by deregulation bought by Wall Street! Regulated Wall Street HARD and TAX them even more!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife "The Fed never traded against it's own securities and derivatives like Goldman Sachs did!"
Sq...LISTEN. Golman Sachs IS the Fed, or part of it. Has this sunk in yet? Wall St IS the Fed, which is a group of PRIVATE (99 plus percent) bankers. Government Sux, JP Morgan, Citi, Wells, Morgan...ARE THE FED.
Are you LISTENING?
Phil Gramms compliance FINANCIALLY with the Fed can be found at opensecrets(.)org A POWERFUL website. USE IT.
EndTheFedRes 3 months ago
@EndTheFedRes yet again you have just delivered the perfect argument for NOT letting Wall Street print their own money and you have actually just undermined the entire Ron Paul monetary policy. If Wall Street is so bad for America running the Federal Reserve now, how can we let them print their own money without any oversight or regulations as suggested by Ron Paul an yourself.
You're contradicting your own position and you do not even realize that...LOL
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife I'm goen nite nite, but I want to use the KISS principle here.
The FED is the CANCER, and RON PAUL is the CURE!!!
EndTheFedRes 3 months ago
@SquirrelFromGradLife Don't take this the wrong way Sq but there is a LOT of disinformation about the Fed out there. I have done the research, I can PM you or ANYONE else who is interested.
good nite
EndTheFedRes 3 months ago
@EndTheFedRes You have not done any fucking research and whatever your crazy mind have come up with are worth fuckall..
SquirrelFromGradLife 3 months ago
This has been flagged as spam show
"You people do not realize how stupid that gold backed currency really is. Since China is the largest producer of gold"
So what if China produces the most? We HAVE the most. China is gonna have to 'produce' for a VERY VERY long time to catch up. Why would I care if you are producing more Yugo's when I have a FLEET of BMW's?
EndTheFedRes 3 months ago
@EndTheFedRes Actually NO, America do not have the most gold. The rest of the world do in fact have most of the gold ever produced and you have just created the most insane financial system ever where countries like China can control the value of the dollar. LOL.. how fucking stupid is that? are you retarded?.. you complain about not having control over the dollar and then you create a financial system where the rest of the world could crush the gold dollar if they felt like it! real smart..LOL
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife google me this squirrel "gold reserve list" and you tell me who owns the most gold.
EndTheFedRes 3 months ago
HR4248 is meant to "To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage." That means a gradual return to commodity money aka gold and silver standard. The dollar has lost 98% of its value since the creation of the FED and, I don't know where you get your info from but Goldman and JP are parts of from the FED and they will go bankrupt once that structure is ENDED. So, please get your fact right.
AFRIKTODAY 3 months ago
@AFRIKTODAY You have just proven you obviously can't read! It bans the dollar. It further more shuts down any government institution from issuing currency and let anyone issue their own currency backed by NOTHING!
It would mean Goldman Sachs could start issuing their own dollars! It would mean the China would be in charge of the value of the dollar because they're the largest producer of gold!
You people want to let Goldman Sachs issue their own money? Wake up...
SquirrelFromGradLife 3 months ago
@AFRIKTODAY why do you keep saying that stupid shit about the dollar losing 98% of it's worth when we all know that in order for the economy to grow and you to have any money at all, the money supply have to grow.
The Fed didn't decide you were born but if you want us to take all your money away that have at it Hoss.
I can see no problem with the dollar not being worth as much, because people back then were dirt poor! They had NOTHING.
SquirrelFromGradLife 3 months ago
@AFRIKTODAY JUst to illustrate how dumb the notion of a gold backed dollar is. Gold have gone up six fold since the deregulation of the commodities market in CFMA of 2000. It's now legal for Goldman Sachs to create virtual gold and bet on it. The price of gold have gone up from 250 to about 1700 today all due to speculation which have created a huge bubble. You want to create a stable currency on something that unstable?LOL
That the biggest contradiction ever!
SquirrelFromGradLife 3 months ago
@AFRIKTODAY You people do not realize how stupid that gold backed currency really is. Since China is the largest producer of gold, China have control over the price of gold and therefor the value of a gold backed dollar. Is your solution really to hand over control over the dollar to China? Is that your solution? Let Goldman Sachs issue their own money and let foreign countries like China control the value of that dollar! Goldman Sachs and China controlling the dollar! Worst financial nightmare!
SquirrelFromGradLife 3 months ago
@AFRIKTODAY and you obviously haven't thought that gold backed currency through at all. To back all the 8 trillion M3 money in America the US government would have to buy the entire world production of gold for the next 57 years. Do you know what that would do to the gold price? It would explode, and do you know what happens to speculative bubbles like that, yeah the burst! Is that your idea of a stable economy? Letting China have the power to destroy the value of the dollar if they feel like it
SquirrelFromGradLife 3 months ago
@Squirrel If you want to know who's writing those 5 thousand dollar checks go to opensecrets(.)org, or CFI Campaign Finance Institute.
EndTheFedRes 3 months ago
@EndTheFedRes I know a stupid idea when I see one, and Ron Paul's solutions is as stupid as they come. Deregulating the entire monetary system when deregulation of Glass-Steagal and then derivatives was what created the disaster! More deregulation of the very same companies that engineered the meltdown.
Hand over control of the dollar to companies like Goldman Sachs that actually started to bet against their own securities right before the collapse to make more money!
You trust them? LOL
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Ron Paul wants to END the Fed! Guess what! The big banks that you are mentioning got bailed out by both administrations ( Bush and Obama) and were part of the structure that wrote the regulations that you have discussed. Barney Frank was dolling out money to the wall street guys during the real estate boom and out of sudden he is writing regulation to prevent the frauds that he got paid for by the big financial companies! The whole thing is a joke and you don't get it.
AFRIKTODAY 3 months ago
@AFRIKTODAY I know that Ron Paul is virtually INSANE that's what I know! His solution to solve the financial disaster is HR4248 which is basically nothing more than banning the dollar and handing all control over the entire monetary system over the the criminal Wall Street banks and let them start issuing dollar backed by absolutely NOTHING! Goldman Sachs dollars. Yeah try swallowing that.
You don't invite the criminals in your house to steal your stuff right, so why let them run YOUR dollar?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Secondly, unless you are clearly ignorant or obviously dishonest, you must know that Ron Paul has been fighting against the excessive privilege given by all administrations to wall street financial elites. His aim is to try to return the nation toward a sounder monetary and constitutional setting by getting rid of the laws and institutions that violate individual liberties and the constitution. Maybe you hate the constitution after all!
AFRIKTODAY 3 months ago
@AFRIKTODAY The ultimate excessive privilege you can give the Wall Street bankers, is to let them print their own money! Now they do not have to manipulate Congress through buying politician and deregulation any more, they have no regulations and no oversight to deal with anymore. Now they can crash their currency when they feel like it.
Ron Paul is willing to let the criminal Wall Street bankers run YOUR dollar! They ruined America and you want them to run the dollar and print money!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife THEY DO PRINT THEIR OWN MONEY!!!! It's called the Fed and YES they are Wall Street BANKERS!!!!
Criminal bankers ALREADY DO RUN the dollar. HELLO!!!
EndTheFedRes 3 months ago
@EndTheFedRes Reality is Wall Street do not run the Fed. Even if they did you have now created the perfect argument for NOT letting Wall Street banks print their own money! If the Fed is so bad today and run by Wall Street, why then turn everything over to them and violate the Constitution?
If Wall Street is ruining the dollar today and running the Fed, then why turn the dollar over to them?
please explain that to me..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife SQUIRREL WALL STREET IS THE FED!!!
EndTheFedRes 3 months ago
@EndTheFedRes if Wall Street are ruining the dollar today, then why turn issuing dollars over to them?
I say regulate the hell out of the Federal Reserve, regulate the banks, stop all deregulation of the financial industry, roll back all deregulation including reinstating Glass-Steagal and up the solvency demands!
Tax the hell out of all financial profits and ban bankers from being paid in stocks. Tax the 1% like the republican Eisenhower taxed them at 91% marginal tax for the top bracket!
SquirrelFromGradLife 3 months ago
@AFRIKTODAY "China produces more gold" lol Tell Squirrel who FU!@#$ CARES? The real question is WHO OWNS THE GOLD? And it ain't China, but they are working on it.
EndTheFedRes 3 months ago
@EndTheFedRes Actually the rest of the world owns 90% of the gold ever produced! If they felt like it countries like China, Russia and Pakistan could crush the golddollar in minutes. You should care because you want the golddallor even if it makes no fucking sense at all and it's highly unconstitutional! Only Congress shall have the power to coin money. Remember.. well you most likely don't.
You do not realize your solution violates the Constitution and is the ultimate economic disaster!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife I do NOT want a gold standard, and neither does Ron Paul. He and I want a COMMODITIES standard. The Constitution would have to be ratified. And yes the gold standard did have its problems, however I think those problems PALE in comparison to what we have now aka FIAT NOTHING TO BACK IT. Endless printing.
EndTheFedRes 3 months ago
@SquirrelFromGradLife and I think your 90% is a bit fictitious. I'm thinkn 70% just glancn at wikipedia numbers.
EndTheFedRes 3 months ago
@AFRIKTODAY How can you say such stupid shit about sounder constitutional setting when the Constitution specifically states that only Congress shall have the power to mint coins ie. "make money"! It's in the Constitution!
and Ron Paul want to get rid of that, ban Congress or any government institution from minting anything or even to makes laws about any future currency, ban them from making any kind of regulation of the monetary market!
So I hate the Constitution?while you have just violated it
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife lol you make me laugh. The Fed (a group of Wall Street bankers) already CONTROLS the dollar. They control it by setting interest rates, printing money, and digital, as well as manipulate the price of precious metals. Ever heard of gold, silver, wheat, corn, COMMODITIES being PRICED in DOLLARS? Yes you even brought up the naked shorting bit....HELLO!!!
This is how Wall Street bankers ALREADY control your dollar. This is what Ron Paul is trying to get away from. HELLO!!!
EndTheFedRes 3 months ago
@EndTheFedRes Please explain the HUGE contradiction of you saying quote "This is how Wall Street bankers ALREADY control your dollar. This is what Ron Paul is trying to get away from" and the fact that his proposed HR4248 would turn all issuing power over to Wall Street with no oversight, no control, no taxes, no tariffs and no regulation! No nothing!
Please try to explain that contradiction because I don't get it...
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Ron wants to introduce a competing currency. A currency that is actually backed by something physical. This will keep the 'printing' to a minimum hence sound money or money that actually retains its value. Currently Wall Street aka the Fed can print unlimited amounts of currency (thus controlling its value), this will put an end to that.
Ron did vote against the Repeal of Glass Steagall, you do know that?
EndTheFedRes 3 months ago
@SquirrelFromGradLife I am not sure if English is your first language but you can't obviously been kidding about the constitution and its specification on money. The constitution clearly states that ONLY GOLD AND SILVER are money and the ROLE of government is to REGULATE THEIR VALUE. ( That means making sure that the currency is not been debased)! So, you better get your facts right buddy!
This means that since we are under a PAPER MONEY STANDARD, unlike the GOLD STANDARD OF THE CONSTITUTION
AFRIKTODAY 3 months ago
@AFRIKTODAY Why do you begin to quote some of the Constitution to me and leave the part out from the Constitution of the United States, Article I, Section 8 where it specifically states only Congress shall have the power to coin money! How about the part?
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife "CONGRESS shall have the power to coin money" Not the Fed. They already are sodomizing the Constitution.
EndTheFedRes 3 months ago
@EndTheFedRes here's how fucking litlle you know about the Constitution and the Federal Reserve Act. Congress retains the power to coin money but have delegated that authority to the Federal Reserve Bank through legislation meaning that Congress still is the only power with the right to coin money. It'sin the fucking bill!
A bill like Ron Paul's HR4248 is be definition unconstitutional because it bans Congress from having the power to coin money! That's it. Unconstitutional game over!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife By the way, minting COINS, is very different from MINTING PAPER! Coins=GOLD AND SILVER! We have an hybrid system where an external structure, outside of government juridiction can not only creates money out of thin air, but it can also lend that money to our government at interest and thus making the population liable to the debt incurred by that government ( 16th amendment). I think you ought to read a few Murray Rothbard books on money buddy!
AFRIKTODAY 3 months ago
@AFRIKTODAY No I actually believe youøre borderline insane. You begin to rant about the Constitution and how you seem to want to protect it, while your insane suggestions actually violates the Constitution! Try reading it if you can read!
Constitution of the United States, Article I, Section 8 "Congress shall have the power to...coin money". How about that! HR4248 specifically states the Congress shall be banned from coining anything or make any future regulation regarding money whatsoever!
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Consequently, Ron Paul wants to return to a constitutional framework of money, not the opposite since our current monetary system is ANTI-CONSTITUTIONAL. So buddy, before you get into your ridiculous rant, get a book and read quite a bit about monetary history. If you need some help, I can orientate you toward a few austrian economists.
AFRIKTODAY 3 months ago
@AFRIKTODAY yeah Ron Paul want to take a huge dump on the part of the Constitution of the United States, Article I, Section 8 which specifically states the only Congress shall have the power to coin money... yeah never mind that..
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife BTW Sq I don't know Rons specific plans to introduce this competing currency so how could you say its unConstitutional?
EndTheFedRes 3 months ago
@EndTheFedRes here the retard go again!LOL How Ron Paulplans to introduce his insane solution well he have already put it into a bill and proposed it in Congress as HR4248. It's unconstitutional because the Constitution specifically states in art. 1 sec.8 clause 5 that only Congress shall have the power to coin money, and a bill specifically banning Congress from having the power to coin money is therefor unconstitutional.
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Truly again, you are an idiot. Ron Paul was one of the FEW who voted AGAINST the repeal of Glass Steagall moron. Yes I agree Glass Steagall, CFMA (both under CLINTON), and the medaling of the Net Capital Rule (Bush) is what got us here...in a nutshell. You have done nothing but prove your ignorance.
EndTheFedRes 3 months ago
@EndTheFedRes I do not care how Ron Paul voted because I know his deregulation bullshit is completely insane. In fact I know why Ron Paul voted against both bills and that was because they didn't take the insane deregulation far enough. He was upset about the CFMA leaving some of the regulation in place.
Ron Paul want to deregulate the entire American monetary system and turn all power over issuing money over to the Wall Street banks you're railing against....LOL
SquirrelFromGradLife 3 months ago
@SquirrelFromGradLife Let me disabuse you of one more thing. Laissez-fair economics vs. Free Market Economics. People equate Laissez-fair (absolutely NO intervention) with a Free Market (which has some/very little regulation) LIKE GLASS STEAGALL!!!
Free Markets don't don't mean Laissez-fair. We live in a free society, but you're not free to go and shoot your neighbor.
EndTheFedRes 3 months ago
@EndTheFedRes Deregulation ruined America that a scientific fact! Ever financial deregulation have been followed by a major financial disaster on average 3-5 years later.
Deregulating Savings and Loans - disaster, abolishment Glass-Steagal - disaster, deregulating derivatives - disaster, deregulating commodities - a future disaster when the six fold gold price bubble bursts and it will do so.
No more deregulation! If the retards keep burning your house down you take away the gasoline and matches
SquirrelFromGradLife 3 months ago
Goemon937: A drunken bill cosby.
thomsora 3 months ago
Without prosecutions, there’s nothing keeping fraud from becoming a standard business practice.
jojensenster 3 months ago
everytime i hear al sharptom talk it's like he's boozed up or something
goemon9378 3 months ago
Alan Grayson as the 3th party candidate for president with Ralph Nader or Bernie Sanders as VP!!!
duleekrauser 3 months ago 2
who let al sharpton on tv. jackass.
wubbadubdub 3 months ago
100 billion dollars? they did not mention this on Belgian television I think.
Nevertheless,..ty :)
1DA7BB 3 months ago
@1DA7BB Actually many of the non lethal weapons used against OWS protesters comes directly from FN Herstal in Belgium. Had the Fed not issued credit to banks and major corporations around the world as a result of the interbank market shutting down because of the fear of more bank collapses following derivatives losses the police could not have bought tear gas guns from FN Herstal, handguns and assault riffles.
SquirrelFromGradLife 3 months ago
The real 'TERRORISTS' are in The US Congress, and THEY are financed by THEM: certain Mega-Banksters--you know their names--.
The TERRORIST'S names are: Mr. Avarice, Mrs. Arrogance, Lord Exploitation, Ms. Apatheia, and Mr. B. S. Deception Esq.
THEY have occupied the hearts of certain, perhaps most (?) Congressman, who are on Social Welfare Medicine, save a few with a modicum of self respect left, as they deny it to the middle-class uninsured,who voted the traitorous bastards in, and pay them!
LoveIsNotNotLove 3 months ago 2
@LoveIsNotNotLove I should point out, that I use the title word 'terrorist' as THEY are rsponsible for many people's deaths, continual suffering. It speak ofcourse allegorically, --personifying vice-- for CAPITAL SINS that kill others and themselves, as money-drunken gamblers looting their own families cookie jar savings, reserved for rainy day food bills, only to run off and gamble it at the Casino on Wall St., without asking in a honest way first. There is a cure: The respect of God: LOVE.
LoveIsNotNotLove 3 months ago
Al Sharpton voice sounds horribly phony and the "news" sounds less real, but then maybe it is due to MSNBC policy on how they want to run the show
yes4me 3 months ago
and then you fail to mention ALL the trillions came back.. had the Fed not defrosted the entire interbank market there would not be any American economy today.
Your credit card would be useless, you couldn't travel and companies couldn't trade! That's reality because banks stopped lending each other money and extending credit, so the Fed had to intervene.
All of the trillions in credit came back! But the threat from Wall Street and derivatives persists.
SquirrelFromGradLife 3 months ago in playlist More videos from RepAlanGrayson
3 friends? But I don't believe in God and most of the time I don't even believe in the Democratic party anymore. We need more people like Alan Grayson.
jeffnogo 3 months ago
The Feds didn't monitor where the money went. Fault goes to the democrats who approved it.
WinterHaven 3 months ago