Town Hall For Hope with Dave Ramsey (Entire Event) - PART 4

[coolbreeze922]

Great job, Dave. Ignore the sad haters.

[lance627]

wow, he will be held accountable for all these lies:

unemployement isnt 8% its more like 22%

he said we have NO inflation, lie at least 3 in food alone%,

and the only reason we dont have an energy crisis, is bc we have a war maintaining all the oil pipelines from the caspian sea!!!!

[christo930]

Except the last 15 year period (especially on the date this was recorded). Not only would you be flat or taking a loss, but the money you managed to not lose was worth SUBSTANTIALLY less than it was 15 years ago. The 0s were running inflation of nearly 10% a year.

We wouldn't HAVE to invest in the stock market if inflation wasn't eating away the value of our savings.

[christo930]

THIS IS THE GREAT DEPRESSION, HE'S AN IDIOT.

First of all, if we calculate unemployment the same way now as we did then, the UE rate is 22%! The reason there are no bread lines is because we have social safety nets like food stamps that didn't exist then, as well as unemployment insurance. Who says we aren't going to have another stock crash, eventually loosing 90% of it's value, especially when measured in gold (which it was measured in in the 30's). We are experiencing high inflation right now

[christo930]

There was NO inflation in 82, interest rates were over 20% and had been since 81 and remained high, albeit falling, throughout the 80s. When I opened my first savings account in 87, it was paying 6% interest. We ARE in an energy crisis! World oil production has peaked and is stagnant while energy demand is growing driving oil to historic highs. 47 MILLION people are on food stamps.

And he's wrong about the 100% employed or unemployed as well.

He's lying to everyone and he knows it .

[deepysleepy]

he used to say every 10 yr periods.. he changed it to 15yrs after this recession