Don Luskin: "Obama's New World Order Regulatory Regime"

[rmccay88]

Who cares what Luskin thinks, he's be wrong for years.

[therhythmicmenace]

Anybody heard of a UK movement to audit the BOE, we can't go on paying our income tax to pay of the interest on a public debt we will never be able to pay off

[garyowen4ever]

THESE TALKING PIMPS for the wealth class outght to be burned at the stake of the peoples revolution!!!!!!

[campsteveo]

Super Depression?

[zappos49]

Deflation is sooooooooo bad.

We would pay less for food and fuel.

Hyperinflation much better.

It will wipe out any savings you had left.

[AsianCynicist]

@zappos49 Umm, I actually prefer medium inflation, around 2 or 3 percent. There's no evidence that hyperinflation is nigh. Germany and Zimbabwe seem rather poor examples as they even started with inflation.

[Hendo1974]

NWO was behind the so-called Communism etc. They infiltrated the KGB... Nothing new

[therhythmicmenace]

nwo, omg, he must be crazy conspiracy nut!

why should one person alone be allowed to make these decisions, its crazy

[mcgrawtim123]

The market should make these decisions...and didn't we have a stable dollar for a hundred years or so when it was tied to Gold?

[yuothineyesasian]

Totally right, and half of my friends still think it is backed by gold.

[unholydegas]

from 1776 to 1913. Our money was backed by a gold standard. That means that you could take your "dollar" to the bank and exchange it for gold or the equivalent in silver. You could save and it would be meaningful over time because the gold would remain a stable commodity, unfortunately The Fed was passed under cover of secrecy, and ever since then we've been beset by bubble after bubble after bubble. We need to get rid of the fed.

[therhythmicmenace]

Agreed, the market showed be really free. The price of gold just now is a fix. They might even be able to get it lower but they can't stop the inevitable and now is a good time to buy.

[AsianCynicist]

@mcgrawtim123 - Spanish exploration - massively increased gold supply, led to currency instability

Great Depression - tied to gold, led to a fed trying to appease foreign currency markets, led to crash due to excessively tight money, that's Friedman

[boots920]

Truth Money MUST be stable otherwise there is no way to measure the economy.

1776 Gold $20

1971 Gold $35

2009 Gold $1000

It just means the "government" is counterfeiting money.

Gold is the measurement of the economy, that's its only function a storage of value. Sure there isn't enough gold to go around to have a gold standard, but counterfeiting money is going to destroy your savings. Its been proven many times in the last 6,000 years. Fiat Money ends, so does empire. (Chaos)

[3rdworldinvasion2]

International socialism... we may as well have lost the Cold War.