i'm suprised tyt , has finally taken this position , and seen the left media ,cnbc for what it is ...mis guided ...reflective of the democrats.....usualy tyt is left wing bent...why the sudden turn arround ......?
Bravo Cenk!!! Keep spreading the warning. I wonder how long Bernanke can keep the printed trillians & bank $ out of circulation? We are in uncharted territory.
seekanddestroy, we are already paying higher rates to the banks. These banks that lost a ton of cash jacked up rates on credit cards and other loans, then dropped interested on CD's and Savings. That is one reason they made money last year. It don't matter what the gov does in the form of new taxes, when ever a bank needs money they are going to bleed it from the people who do business with them.
Obama wants a $90 bill over 10 year tax on banks. That is about $30 a year per person. Count the people in your home, and that is the average in increased fees you will pay each year. Of course, some people have their homes paid off, pay cash for everything, so they wont pay these fees. So, if you use credit, mortgage, auto loans, credit cards, your share will be more! Thank a Lib for punishing the banks, and all the other Corps out there.
what obama wants will end up being a lifetime deal----once taxes are enacted they rarely disappear after the initial time frame-----he says that "we want our money back" but if this happens we will end up paying for it thru bank fees or some "creative financing"the banks will develope
congress needs to pass a bill prohibiting states from requiring residents to buy insurance within their state and according to state regulations---the companies would be forced into competition to provide adequate service at a fair price,or lose customers and go out of business----this would stop the corruption and the monopolies without diminishing civil liberties any further,as well as not add to the national debt or add more tax burden to anyone---
Too bad Pelosi and the other liberals in Washington are too set on a government take over of health care to consider that. The Republicans have been talking about allowing insurance companies to sell across state lines for months now, and yet Democrats continue to say they haven't received any suggestions from across the isle! Even President Obama was guilty of making that very accusation in his State of the Union address.
These corrupt politicians need to be booted out of office asap.
and hopefully replaced with politicians that are not just as corrupt----jan 28th pelosi was talking about pole vaulting and parachuting,whatever it takes,to get HER version of health care thru-----her arrogance hopefully will be enough to convince people to not allow that to happen
Bush and Cheney took the US over the cliff financially and economically.
The damage they did is mind-boggling.
That Obama has not done well moving toward solutions so far does not cover up the central fact that Obama did not cause this mess--the Republican Coalition of Neo-Con, Born Again, and.Corporate Fascist incompetents did.
Bush was a stooge of the international banking criminal organization ie -The FED, and so is Obama - how do you think he got elected? Obama is WAY over his head as he makes a better puppet than Bush ever did.
Of course the bankers are saying everything is fine and dandy, because they're parasites. They're shorting against the market, while persuading everyone to invest, just like Goldman Sachs was telling everyone their toxic derivatives were pure gold, while they were secretly shorting against it. Thank God there are some economists who still have a heart and haven't sold out to these parasites as their shills. Only mainstream media sheep think things are now rosey. God help those poor people.
Suppose you home was worth $300K, and now is worth $150K. If your wife calls you a parasite, because you stole $150K, how silly is that? Bank assets were mortgages, mortgage backed securities. The housing collapse shattered their assets. Assets are their reserves, when reserves fall in value they must curtail loans. Thats all, thats it. Where does the credit for mortgages at high home prices came from? Do banks create their own credit, or loan what is available for them to borrow? From who?
They're parasites because banks don't risk any losses thanks to under-the-table deals called CDO's and CDS's. So they can make loans to anyone, because they are insured, and then package this subprime crap and sell them to other buyers. Goldman Sachs, for example, took it a step further and packaged subrpime crap, knowing it was crap, and sold them to buyers, promising that it was risk free. Then they turned around and shorted the market, knowing that this toxic crap would bring the market down
The Govt sponsored enterprises (GSE), Fannie and Freddie, darlings of Liberal dogma, they started to buy the sub prime loans the banks made, and this encouraged them to originate, loan, sell back to GSE`s, originate, re loan, resell back, etc. Without the Federal govt causing this farce, where would Goldman get all these pieces of trash called sub prime? Banks would have held those loans, and not be able to pawn off on anyone. But, the Fed govt took as many loans as they made, and sold them.
China just raised their funds rate! Meaning the Commies are tightening monetary policy! In todays world, Obama is more liberal than the Commies! Gold down almost $30. But, Obama, Bernanke, Geitner, full speed ahead on the printing presses!
@luvcheney1: The printing presses have been running double-time for the last eight years. How do you think Bush financed two wars while cutting taxes?
Note that I commented about the current President`s actions, you state "Bush did it too!" Sure Bush printed money too, so, its OK then? Please consider your self told, Bush is in Texas now.
Iceberg, the emperor has no clothes or BS would be another. OF COURSE the banks screwed us. I knew we we're in trouble when financial reform was squashed to nothing after the collapse. If you can't reform a system that has been said by many WAS GOING TO FAIL WITHOUT STIMULUS, then how are we supposed to think things are ok when no changes were made and the bonus themselves EVEN MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!??????
The bonuses are only a political issue. If a banker earns for a bank, $40million, a bonus of $5million is not an issue. Why pay someone $500K to earn $6million?
Its called the double dipper recession we are in deep shit! We are going to a big as depression China says it has a housing bubble on the way! Unemployment is higher , forclosures are still happening, gas prices are increasing, China is having problems..
I got a hot tip on a casino in Macao. Chinese like to gamble. And there`s a shitload of them. They made 13million cars this year, the US 11million. They like to smoke too. Can you say :Phillip Morris". Cha-ching!
"gold standard" is worthless----when the paper has no value,are you gonna eat your gold?? put your gold into some seeds,at least you will be able to feed yourself
Around 2500 bc, in ancient Mesopotamia, (Iraq) there was "ring money" ( coils, like bedsprings). Silver that could be "clipped" off for purchases. Silver disappeared in 1964 from US circulation.Silver was best for daily purchases, gold was too valuable. The dollar has been a receipt for metal (silver and gold), until recently.
I respect these economists, but to be honest , they are not better than bankers, they have their own agendas and nothing they said its just because , theres always a reason behind it ... So i would say, just keep working hard, same money and just try to enjoy your life everyday
We've done nothing, thats a crock, we done EVERYTHING to give those cocksucking bankers all the money they can handle to do it again. Until fuckers like them are hung from the roof of the stoc market building, nothing will change
@luvcheney1: Something we can agree on. However, DaytonaRoadster and J3wsWr3ckNations blame the Jews for the same things you blame liberals. Keep blaming others and you'll keep wallowing in your own misery.
Someone blew up the housing bubble, thats the key. Not who burst it. The answer to the collapse, the crisis, is not accepted by most people. The Fed. Think about it, it will become obvious. I`m going to sleep.......need to be up for opening bell.....
@seekanddestroy09 It got up to $4 a gallon here a couple years ago. I think this country is on the way down the tubes! Best stock up on rice and beans!
Any of you guys know that 30 years ago gas was $2,50 gal, and a mid sized car was a Chevy Malibu with a carburated 350 cu inch V-8 that got 12 MPG? No worries, it is cheap.
We are on the verge of collapse and the lobbyists are pushing congress to give the banks money before they go bankrupt so the fat-cats can pocket the money and run before the collapse.
Obama is totally aware of all this and is now part of the elite who profits on human suffering.
Democrats are no longer the party of the people. They are now just as bad as republicans when it comes to corporate interest.
we will remain on the downfall if repubs or demcrats remain in power. Both are corrupt.
you are correct---both parties are basically useless----the main difference is how they choose to piss away our money------view eisenhowers farewell address if you have never seen it,ike predicts todays events
They are not "pissing away" our money, because that implies they actually have the money. They piss it away because we allow them to borrow, and print money to "piss away". Can you say "Gold Standard"?
Right, Gold is worth something because its pretty and we say its worth something, just like paper money. There is no difference between paper and gold, both have worth because we say they do
Nope sorry, gold has value for its looks, but that in turn only has value due to its rarity and distinct properties. Its not some arbitrary thing like fiat currency that we assign some made up value too. It actually has its own value. Thats why its value is stable(well in relation to physical goods not to the BS currencies around the world).
well i think that u cant take obama as all democrats i bet that alan grayson would be for the people and hillary prob would have done a lot more for the people then obama
The banks did not "pocket" the money. The collapse of the housing market drove down their assets, which were mortgages. Thats like my wife telling me I pocketed $150,000 because our home fell from $300,000 to $150,000. I know it is not the exciting conspiracy you want to believe, but hey, the truth hurts.
When home prices collapsed, the value of mortgages collapsed, and bundles of mortgages collapsed. Nobody stole anything. It was lost, just as perhaps value in your daddy`s home was lost. Did he run off with the value lost in his home?
Democrats won't fight the oligarchy in the banking industries because of people calling them socialist.
Republicans will make it worse.
I'd like to think the democrats would push some socialist agenda to keep the economy from failing but like republicans they are advocating the same fiscal policy.
You ascribe powers to banking industry they do not have.The Fed Funds rate is 0%, this is easy money for the banks, they borrow at 0%,. loan at 7-23%. Pay us on deposits only 2%. Their spread is big, their profit is big.This is the Fed Reserve policy, bankers do not set Fed funds rates, the Fed does. Easy money is desired by both parties, bankers have no power to do this. The Fed is trying to create a scenario so the banks have profit to survive, and pay back tarp. It is wrong
LOl yes, socialist countries have always been Soooo successful. What we need is capitalism, true capitalism. You know the monetary system that made us the superpower we are? The banks should have never been bailed out to begin with, that is what started this mess. Thank God only 12% of Americans think socialism is the answer. Corrupt big business can't exist without a corrupt government backing it. In true capitalism they would not take these risks. First Bush, now Obama we're doomed.
HAH! We have been so very wealthy for several reasons. We had a great big middle-class. How did that get there? We were selling product world wide for quite a while. Why? Our industry wasn't obliterated during WWII. We had banking/investment controls that were enforced after the Great Depression. That started to change about the time we started sending jobs elsewhere.
We've only been truly wealthy when we had production here and the people performing those duties were being paid fairly well.
right, you have an economy right now that isn't based in producing anything anymore. your middle class is becoming unemployed because of it and if there is no middle class, there is no revenue. the banks are makin all the money on absolutley nothing at all. what motivation do the banks have to share that wealth when it was not accumulated through anyones hard work lol.
Growing cotton by hand is to manufacturing, as manufacturing is to software. Manufacturing is the past, and bio-tech, software, chip design, etc, stc, are the future. Thinking we can remain in manufacturing when it is past for a 1st rate economic power is wrong. Manufacturing belongs to the economies below us.But, our schools do not produce children with math, science skills to meet the future. Singapore, Taiwan, Beijing, Shanghai are where the children who study live. They will trample us.
The concept of advancement is there. We definitely don't focus enough on education. However, An economy/nation state the size of ours wants and needs to be truly diverse. That's not the PC term, by the way! We need to retain those agricultural and industrial characteristics to have a long term future. When the economy is good, our financiers and tech kids will prosper. When the economic and political situation is bad, we are prepared to be self sustaining. That is long term stability.
2% work in agriculture, but our industry is efficient and huge because the capital is there in huge combines, etc. Factories, manufacturing is dead. Only where advanced mechanization, by large capital improvements, allows us to remain competitive. There really are too few US tech kids to move us forward. We must improve tech skills of our children immediately, allow unlimited immigration of the tech kids other countries produce, or we slow down and the Orient, India, will catch and pass us.
Perhaps that sounds like a low number to you, but I live in WI. This obviously isn't NY. The huge industrial farms are in need of regulation and the unlimited immigration bit is just foolish. We need a cultural change in this country. One that actually respects learning and skill.
What needs to be regulated about the huge farms? Our tech industry can only flourish with enough tech labor. Restricting immigrants with these skills impedes the growth of tech business, the future employment base. Read chap 21 in "the age of turbulance" by Greenspan. As for the cultural change, and helicopter parents, I agree, but it will not occur. Then........ what?
The larger industrial farms hold far too high of a concentration of animal waste, reliance on bio engineered crops and way too big of a hold on the marketplace. That will only get worse as more and more corps are formed around ag production. Some of the best stewards of the land are the family farms which have been in the family for more than one generation.
Alan Greenspan is a terrible creature. Another Nietzsche lover.
Perhaps it's time for a return to 'old school' nationalism.
"Way too big of a hold on the marketplace". In English, this means the small family farm`s products cost more than Big Agra. Just as WalMart is cheaper than Dan`s Hardware. Just as Mary`s Creations is more expensive than Martha Stewart at K-Mart. Welcome to the present. This is known as "creative destruction". Greenspan covers that too. I dont want to pay you more, sorry, and nobody else will either.
Imagine that, you look only at the money in your own wallet. The smaller farmers habits can be better monitored and tracked by the USDA. All your theory will do is thrust us back into the days of fiefdoms. We have the ability right here to offer products at a comparable price with less corporate involvement.
I don't want to pay more for nothing. We are willing to pay for the right things. Why do you think that MATCO, Craftsman, Ryobi, ect are successful when there are stores like Harbor Freight?
I am just 1 guy, the growth of the big farm corp`s is due to economies of scale, and the normal desire of people to economize. If you r farms are successful, for whatever reason, and stay in business, I am in no way opposed to that. But, when I want a box of corn flakes, I may look at the price. Would that be OK with you? By the way, I love our Harbor freight, they might as well give it away. Costs more to ring it up than the price, I bet.
It's funny, I've heard very similar arguments out of blue-collar folks who go to wall mart (or where ever) to buy the cheapest 'widget'. Then they complain when their job goes away due to labor costs. Which all too often means the widget will be produced in a third world shit-hole while still being sold here at a roughly comparable price. Yes, probably cheaper. The desire to economize is more than a habit, it's instinct. I would guess anyway. Just think of the true cost of losing our economy.
watched an interview with willie nelson sometime last year----you echo much of his information and both of you are correct----i have watched the family farms sell out to developers and recently we lost our last operating dairy farm---fortunately we do have some farmland in preservation here---willie says we must return to more of an agriculture base----
With what luvcheney1's sentiment being echoed in much of the worlds business community, we may not be able to maintain our agro/industrial base for a while. One good ecological/economical disaster and we'll need it. It's the same concept as keeping some cash/gold/whatever in reserve as opposed to 'investing' all of it in mild to risky investments.
It seems like we're too busy texting to drive, until we hit something. It's gonna hurt.
Do you see the economies that are behind us? We left agriculture to the machine. Now, 2% work in that. Then we went to industry, factory work. The Japanese began making the junk stuff. The cars, motorcycles were joke, its no joke now. Then the Chinese built the junk, that will/ is changing. We left / are leaving manufacture, going up the ladder to tech, software, intellectual property. Manufacture is dying, The 1950`s cant be returned to, the Chinese have that. Who`s next, India, Brazil.?
Finance Capitalism seems pretty cool for Hong Kong, doesnt it Mr Mop? Where have you been? Is the water too high in your cave? Get your Marx collection wet? Me too, I`ll never replace the Harpo records. Ready to take a stand, or just be obtuse?
"He who has" sounds like a quote. Or are you just feeling fancy, Brit? As to the statements meaning, That was a true statement 60 years ago. "He who stays in the past gets pretty smelly after a while." Thats mine. Since I am an American, I am entitled to be rude. Its in our nature.
I'm not saying that we shouldn't be willing to move forward, but just keep things grounded in a well thought out base. I also am an American, but I'm not usually very rude. I don't need to be.
What happens when those people who are telling us to abandon our past need something to fall back on. They're also the ones who are most likely to create the hypothetical problem.
Note your attitude, "keep things grounded in a well thought out base". This is the crucial difference between us. Well thought out by who? You, me, Obama, Congress, the Queen? I say, let the market settle this. The pressure between those who supply, and those that want the product/ service. No need to think, just allow.
No I havent. The free enterprise system, market economy is an automatic result of free exchange among free individuals and the businesses that supply them. Price is the arbiter of what is going to be produced, in what quantity. No need for the govt at all, except to enforce laws against coercion, and protect private property, enforce contracts, protect the country. A few other matters.
Being a centrist means being naive? That's actually an okay image to have. As long as you're watching and have a concealed hand ready to pull the trigger when the negotiations fail.
I'm not British. I'm a long-hours working American who wants some fairness and forethought in the economy. The more we rely on the Darwinistic economic model, the more we'll end up reverting to an economic monarchy. Communism is no better in practice with humans.
"Family Farms" is misleading--as a category many are quite large.
But they have been, more and more, driven out of business, large or small.
Agribusiness is the mode favored by the Financial Capitalists, who use debt credit and market manipulation to eliminate smaller, privately own agricultural units.
They are in fact paralleling the old Soviet "communization" of agriculture, but for strictly Finance Capitalist ends.
Incidentally, in many states "Family Farms" are part time operations because the farmers have to hold other jobs to survive and keep their land. So unemployment also helps destroy small farming operations..
Meh, all this talk about TRUE capitalism making the US the superpower it is. Nah... alot of factors contributed.. not least of which is being 2.5 times bigger than the next largest first world nation, the world letting the US $ be reserve currency(thatll be ending shortly) and benefiting from economies of scale(due again to its size).
And by "socialist", I think blasphimus meant along the lines of Norway (which has a higher gdp per capita than the US btw) not the soviet union.
Yes, another lover of capital letters and periods. But you are correct, we believe the primary responsibility of Govt is to bomb the hell out of someone. Every 7 to 10 years someone needs to be destroyed to keep order. Otherwise they wont believe you. Think Obama scares anyone?
ever heard that fear isnt the answer to things and spending billions of dollars on pointless wars only causes more problems and makes us lose allies ever heard of a level 5 tribe ever heard that we r a tribe if not watch dan browns we r a tribe upload then say that ignorant shit i like obama better then any republican even if he is being a weak bitch but bill clinton didnt start any wars instead he got us out of debt and is respected and maybe even feared by some/mostly republicans
i dont completely understand your comment but i no u r a republican so u r just a fucking fear mongerer i bet that u think canada doesnt even have good health care even tho 92% of people in canada like it and no1 likes americas health care that live in other countrys i even talked to some1 in france that said the public option would have been a good idea because it would have just been there when u need it even if u dont get the best health care but u still have the insurance company and it will
give u the same thing it was giving u before with less drops because they dont want u to go to the public option so the public option and insurance company where supposed to keep either other in check the public option to give good health care and for the insurance companys to lower there prices and not to drop people
he proved that u dont needs wars to stay as president for 8 years i mean if u think the republicans are feared your fucking wrong i mean look at bush he started a pointless war in iraq and got a shoe thrown at his head he completely deserved that but it showed that some1 wasnt afraid of what was going to happen to them and they r a bunch of old people i mean look at mccain i would give him 10-15 years tops
they r a bunch of old ignorant people that dont give a shit about other people who r out of this country or in another country we are a tribe we r supposed to protect those around us after all even rats protect other rats are u less then a rat after all no other animal kills its own cept for fucking republicans
well u no what thats y the world is going to die its caz of people like u that dont even try to stop world suck and that means that u r a part of world suck so what i am aaying is that u suck and should be the one to die not everything around u
that only care about money but capuchan monkeys they will do what is benefishal for the other monkeys so r u saying that u r less then other animals i sure as hell no that mccain and bush and those rupublicfucks are your way of thinking just pisses me off so much your ignorance is siriously in a need of a reality check u might like puncuation and capitals letters but with commenting u only have 500 charaters
and i already had to send this in many different comments to u and if i dont use puncuation whats the point of using capital letters u might no how to spell but u no nothing about life or in what this world accually is supposed to be for like when u bomb things u dont just make a kool explotion u kill things u kill other animals u kill trees
u make it so it takes an extremely long time for something to live in that area again u destroy peoples lives who r in the war and it doesnt matter what side they r on in war everything gets fucked up peoples money the economy the reason y we have more homeless people then ever before is caz of wars most homeless people are VETS
and as for the not believeing part we already dont believe the government we dont trust the government y the fuck do u think people dont want the public option or single payer its caz the government isnt trustworthy because they start fucking useless shitty wars that cost so much money that we dont have and it puts every1 in debt pretty much and then people like u wonder y people say that canada is what america wants to be
I hope that you do watch Dan Browns vid he has up. His sn is pogobat. The vid title is we are a tribe. You might also want to watch the link in the sidebar. It is a TED vid I think it might be useful to you.
Look at my name. Luvcheney. I am here to irritate you, and I used the absurd, to illustrate the absurd. Usually, I just get an F U, or something. I hope you dont have a stroke, now I feel real bad. So, calm down, and go fuck yourself. OK?
Easy money policy by the Fed, low interest rates, encourage speculative behavior. I paid 103/4% interest for a home loan in 1988, it has been 5-6% for ten years now. If interest is low, investing in in safe areas pays nothing, so speculative activity occurs. These activities, by banks and the public happened BECAUSE of the Federal Reserve.
So they could inflate, print the currency, a hidden tax, the way to defraud the ignorant masses. To finance Socialism. Spend without taxation. Tricky huh?
kind of like the new wall st bubble in progress,with the bailed out banks "borrowing"at 0% and downsizing to monopoly status while profiting enough to pay the tarp off early to avoid restrictions and regulations on their bonuses that used to be the 401k plan your kids were gonna inherit----
glad to hear you have done well for yourself-----many others are not so fortunate as you----my investments returned 12% last year,not huge but better than nothing
If you are at all knowledgeable, we can discuss technical analysis, fundamental analysis, but I mostly focus on small exploratory gold mine stocks, gold, silver ETF`s.This is for sure: the crisis is not even half way over, and a lot of money is going to be made. I know this is a disaster, but it is not my fault, and I intend to make a lot of money on this crisis.
@luvcheney1: You truly are a moron. What the hell was Georgie W. doing then? Tax cuts and increasing war costs. If that is not spending without taxation then Bob Dylan sings better than Pavarotti.
Bush`s tax cuts were fazed in, and Federal revenue climbed after they took effect. Taxes are/ were higher than the point of maximum revenue. Revenue plunged because of the recession who`s start is seen in the Nasdaq chart break late in Clinton`s last term. You are aware that recessions raise govt costs, and lower revenue? I assure you, when Bush`s tax cuts expire, there will not be a positive effect. Yes, I agree the war cost money. So?
Oh, the lowest rate under Bush is 10%, Obama letting it expire it will go to 15%, the lowest rate. Also, the child tax credit, a gift for families with kids, will revert back to, so, they will suffer. Great, huh? Tax the poor, screw families. Unless you are a welfare dependent of the state.
The central banks hold the most Gold, and the US has the most, 266 million ounces. The offical US Govt price is $42.22 . No one listens to the largest holder. Who then specifically controls the price?
We are in the 3rd inning of the greatest economic destruction seen since the dark ages, destruction of Rome. There is always a way to make a ton of money in a crisis, and most of it will be in the 9th inning. We made 85% returns in the 2nd. mmm .... mmm ....... good!
TYT guy berates the financial press, while he refers to interest rates as fiscal policy. If TYT guy doesnt know the difference between fiscal and monetary policy, he ought not to be commenting on matters beyond his expertise. That is what he is berating the financial press of!!
Is it possible that Barrack Obama will be the second worst president in American History? I'm just asking, I mean... he seems aware, he doesn't have that glazed stare Bush had, it kinda seems he's looking to cash in when his term ends.
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So they all got it wrong!
390bullitt1968 8 months ago
i'm suprised tyt , has finally taken this position , and seen the left media ,cnbc for what it is ...mis guided ...reflective of the democrats.....usualy tyt is left wing bent...why the sudden turn arround ......?
The888777 11 months ago
very true about fake tv
JAROSLAVAGINA 1 year ago
This is why the fed needs to be fixed.
dukee155 1 year ago
Bravo Cenk!!! Keep spreading the warning. I wonder how long Bernanke can keep the printed trillians & bank $ out of circulation? We are in uncharted territory.
sendrid1 1 year ago
seekanddestroy, we are already paying higher rates to the banks. These banks that lost a ton of cash jacked up rates on credit cards and other loans, then dropped interested on CD's and Savings. That is one reason they made money last year. It don't matter what the gov does in the form of new taxes, when ever a bank needs money they are going to bleed it from the people who do business with them.
leykisfan1 2 years ago
Obama wants a $90 bill over 10 year tax on banks. That is about $30 a year per person. Count the people in your home, and that is the average in increased fees you will pay each year. Of course, some people have their homes paid off, pay cash for everything, so they wont pay these fees. So, if you use credit, mortgage, auto loans, credit cards, your share will be more! Thank a Lib for punishing the banks, and all the other Corps out there.
luvcheney1 2 years ago
what obama wants will end up being a lifetime deal----once taxes are enacted they rarely disappear after the initial time frame-----he says that "we want our money back" but if this happens we will end up paying for it thru bank fees or some "creative financing"the banks will develope
seekanddestroy09 2 years ago
Yes, customers pay the taxes of a bank, or any business. Thats why corp taxes are silly, The people pay them.
luvcheney1 2 years ago
just another link in the endless chain of moneygrabs
seekanddestroy09 2 years ago
congress needs to pass a bill prohibiting states from requiring residents to buy insurance within their state and according to state regulations---the companies would be forced into competition to provide adequate service at a fair price,or lose customers and go out of business----this would stop the corruption and the monopolies without diminishing civil liberties any further,as well as not add to the national debt or add more tax burden to anyone---
seekanddestroy09 2 years ago
Too bad Pelosi and the other liberals in Washington are too set on a government take over of health care to consider that. The Republicans have been talking about allowing insurance companies to sell across state lines for months now, and yet Democrats continue to say they haven't received any suggestions from across the isle! Even President Obama was guilty of making that very accusation in his State of the Union address.
These corrupt politicians need to be booted out of office asap.
Blahblahblah3210 2 years ago
and hopefully replaced with politicians that are not just as corrupt----jan 28th pelosi was talking about pole vaulting and parachuting,whatever it takes,to get HER version of health care thru-----her arrogance hopefully will be enough to convince people to not allow that to happen
seekanddestroy09 2 years ago 3
WOW!! Turkeyman!!
I have been away from your site for weeks but I can't believe my ears!! OBAMA is responsible and NOT listening?? The economy now sucks?
Maybe all my ranting about Obamas policies and defeciencies is sinking in. I am proud of you!! LOL
jolow2 2 years ago
Bush and Cheney took the US over the cliff financially and economically.
The damage they did is mind-boggling.
That Obama has not done well moving toward solutions so far does not cover up the central fact that Obama did not cause this mess--the Republican Coalition of Neo-Con, Born Again, and.Corporate Fascist incompetents did.
mopsius 2 years ago
mopsius
Bush was a stooge of the international banking criminal organization ie -The FED, and so is Obama - how do you think he got elected? Obama is WAY over his head as he makes a better puppet than Bush ever did.
jolow2 2 years ago
Baseball is a game of inches.
mopsius 2 years ago
true, and Obama throws like a girl
lol
jolow2 2 years ago
As emphasized before the election, he is trained as a lawyer, which is a huge liability.
He is also no more than slightly above average in intelligence--mainly a people person.
But that is only part of the problem. At this point he does not even know who has bought him off.
Emanuel is still the wild card.
On verra.
At the same time it is lunatic even to consider the Right Wing anything but an even worse disaster.
Fuck Obama!
Obama in 2012!
mopsius 2 years ago
Obama and most of the Democrats as placeholders for the nonce.
Like tampons perhaps?
mopsius 2 years ago
3 words---STATE OWNED BANKS
shruberz 2 years ago
Of course the bankers are saying everything is fine and dandy, because they're parasites. They're shorting against the market, while persuading everyone to invest, just like Goldman Sachs was telling everyone their toxic derivatives were pure gold, while they were secretly shorting against it. Thank God there are some economists who still have a heart and haven't sold out to these parasites as their shills. Only mainstream media sheep think things are now rosey. God help those poor people.
seanboy80 2 years ago
Suppose you home was worth $300K, and now is worth $150K. If your wife calls you a parasite, because you stole $150K, how silly is that? Bank assets were mortgages, mortgage backed securities. The housing collapse shattered their assets. Assets are their reserves, when reserves fall in value they must curtail loans. Thats all, thats it. Where does the credit for mortgages at high home prices came from? Do banks create their own credit, or loan what is available for them to borrow? From who?
luvcheney1 2 years ago
They're parasites because banks don't risk any losses thanks to under-the-table deals called CDO's and CDS's. So they can make loans to anyone, because they are insured, and then package this subprime crap and sell them to other buyers. Goldman Sachs, for example, took it a step further and packaged subrpime crap, knowing it was crap, and sold them to buyers, promising that it was risk free. Then they turned around and shorted the market, knowing that this toxic crap would bring the market down
seanboy80 2 years ago
The Govt sponsored enterprises (GSE), Fannie and Freddie, darlings of Liberal dogma, they started to buy the sub prime loans the banks made, and this encouraged them to originate, loan, sell back to GSE`s, originate, re loan, resell back, etc. Without the Federal govt causing this farce, where would Goldman get all these pieces of trash called sub prime? Banks would have held those loans, and not be able to pawn off on anyone. But, the Fed govt took as many loans as they made, and sold them.
luvcheney1 2 years ago
Hope it wont include penicillin.
luvcheney1 2 years ago
China just raised their funds rate! Meaning the Commies are tightening monetary policy! In todays world, Obama is more liberal than the Commies! Gold down almost $30. But, Obama, Bernanke, Geitner, full speed ahead on the printing presses!
luvcheney1 2 years ago
@luvcheney1: The printing presses have been running double-time for the last eight years. How do you think Bush financed two wars while cutting taxes?
jezmundberserker 2 years ago
Cutting the taxes raised the revenues. Look it up.
luvcheney1 2 years ago
Note that I commented about the current President`s actions, you state "Bush did it too!" Sure Bush printed money too, so, its OK then? Please consider your self told, Bush is in Texas now.
luvcheney1 2 years ago
The only way out of this is if we piss off a lot of people with money (the top 1%) and unfortunately a lot of them know this.
Money = power. Power = Political clout. Political clout = Status quo.
CHANGE? You had me going there. Good one!
dirtynas 2 years ago 2
Iceberg, the emperor has no clothes or BS would be another. OF COURSE the banks screwed us. I knew we we're in trouble when financial reform was squashed to nothing after the collapse. If you can't reform a system that has been said by many WAS GOING TO FAIL WITHOUT STIMULUS, then how are we supposed to think things are ok when no changes were made and the bonus themselves EVEN MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!??????
dirtynas 2 years ago
The bonuses are only a political issue. If a banker earns for a bank, $40million, a bonus of $5million is not an issue. Why pay someone $500K to earn $6million?
luvcheney1 2 years ago
@luvcheney1: So, you keep siding with the very same people who created this whole mess.
jezmundberserker 2 years ago
Note that you did not refute the point.
luvcheney1 2 years ago
Its called the double dipper recession we are in deep shit! We are going to a big as depression China says it has a housing bubble on the way! Unemployment is higher , forclosures are still happening, gas prices are increasing, China is having problems..
EmeterioBetances 2 years ago
I got a hot tip on a casino in Macao. Chinese like to gamble. And there`s a shitload of them. They made 13million cars this year, the US 11million. They like to smoke too. Can you say :Phillip Morris". Cha-ching!
luvcheney1 2 years ago
"gold standard" is worthless----when the paper has no value,are you gonna eat your gold?? put your gold into some seeds,at least you will be able to feed yourself
seekanddestroy09 2 years ago
Around 2500 bc, in ancient Mesopotamia, (Iraq) there was "ring money" ( coils, like bedsprings). Silver that could be "clipped" off for purchases. Silver disappeared in 1964 from US circulation.Silver was best for daily purchases, gold was too valuable. The dollar has been a receipt for metal (silver and gold), until recently.
luvcheney1 2 years ago
You trade gold for whatever. Give a nice gold gift to your girlfriend, and see what you get in return if you dont believe me.
luvcheney1 2 years ago
you are correct ----in most cases you could trade gold,but not in all-----i would not want your gold,it is worthless to me
seekanddestroy09 2 years ago
My hopes for a rational discussion, dashed again!
luvcheney1 2 years ago
In that case, if you have any you dont want I can let you know my PO Box
luvcheney1 2 years ago
They dont have to stab you in the back to get the better of you, do they? "Sign here on the dotted line, dumbshit".
luvcheney1 2 years ago
I respect these economists, but to be honest , they are not better than bankers, they have their own agendas and nothing they said its just because , theres always a reason behind it ... So i would say, just keep working hard, same money and just try to enjoy your life everyday
fackafacka 2 years ago
We've done nothing, thats a crock, we done EVERYTHING to give those cocksucking bankers all the money they can handle to do it again. Until fuckers like them are hung from the roof of the stoc market building, nothing will change
DaytonaRoadster 2 years ago
with jews, you lose
DaytonaRoadster 2 years ago
jews. how long did it take for you to come up with such a fresh response, and a new solution to the worlds problems?
WesSideCali 2 years ago
Thats because they know arithmetic. There are books for that. You know, pages and stuff?
luvcheney1 2 years ago
@luvcheney1: Something we can agree on. However, DaytonaRoadster and J3wsWr3ckNations blame the Jews for the same things you blame liberals. Keep blaming others and you'll keep wallowing in your own misery.
jezmundberserker 2 years ago
Someone blew up the housing bubble, thats the key. Not who burst it. The answer to the collapse, the crisis, is not accepted by most people. The Fed. Think about it, it will become obvious. I`m going to sleep.......need to be up for opening bell.....
luvcheney1 2 years ago
Your just jealous you dont have an angle.....
luvcheney1 2 years ago
there is a reason y people watch youtube not tv ha bisky upload
kazooga1234 2 years ago
Anyone notice that gas prices are on the way back up? 13 cents in the last 3 weeks where I live.
mrsevans1000 2 years ago
sure did---they predict $3 a gallon by spring
seekanddestroy09 2 years ago
@seekanddestroy09 It got up to $4 a gallon here a couple years ago. I think this country is on the way down the tubes! Best stock up on rice and beans!
mrsevans1000 2 years ago
My wife cooks beans from dry, and rice a lot. Chile rellenos, mmmmmm
luvcheney1 2 years ago
Any of you guys know that 30 years ago gas was $2,50 gal, and a mid sized car was a Chevy Malibu with a carburated 350 cu inch V-8 that got 12 MPG? No worries, it is cheap.
luvcheney1 2 years ago
gas was never over $1.35 in 1980... granted with the equivalent cost with inflation in 2008 would be $3.21. Regardless, your claim is bogus
jumar1281 2 years ago
You`re correct. "Adjusted for inflation, gas is cheaper than in 1980".
luvcheney1 2 years ago
Anyone notice that corn isnt 10 for a dollar in the middle of winter?
luvcheney1 2 years ago
We are on the verge of collapse and the lobbyists are pushing congress to give the banks money before they go bankrupt so the fat-cats can pocket the money and run before the collapse.
Obama is totally aware of all this and is now part of the elite who profits on human suffering.
Democrats are no longer the party of the people. They are now just as bad as republicans when it comes to corporate interest.
we will remain on the downfall if repubs or demcrats remain in power. Both are corrupt.
chadmak09 2 years ago 2
you are correct---both parties are basically useless----the main difference is how they choose to piss away our money------view eisenhowers farewell address if you have never seen it,ike predicts todays events
seekanddestroy09 2 years ago
They are not "pissing away" our money, because that implies they actually have the money. They piss it away because we allow them to borrow, and print money to "piss away". Can you say "Gold Standard"?
luvcheney1 2 years ago
Right, Gold is worth something because its pretty and we say its worth something, just like paper money. There is no difference between paper and gold, both have worth because we say they do
DaytonaRoadster 2 years ago
@DaytonRoadster,
Nope sorry, gold has value for its looks, but that in turn only has value due to its rarity and distinct properties. Its not some arbitrary thing like fiat currency that we assign some made up value too. It actually has its own value. Thats why its value is stable(well in relation to physical goods not to the BS currencies around the world).
nijaexhile3 2 years ago
Since gold was $300 ten years ago, and $1151 today, seems like someone is saying something about paper, arent they?
luvcheney1 2 years ago
well i think that u cant take obama as all democrats i bet that alan grayson would be for the people and hillary prob would have done a lot more for the people then obama
kazooga1234 2 years ago
From a true scholar who has no idea what a capital letter is. (or a period).
luvcheney1 2 years ago
The banks did not "pocket" the money. The collapse of the housing market drove down their assets, which were mortgages. Thats like my wife telling me I pocketed $150,000 because our home fell from $300,000 to $150,000. I know it is not the exciting conspiracy you want to believe, but hey, the truth hurts.
luvcheney1 2 years ago
When home prices collapsed, the value of mortgages collapsed, and bundles of mortgages collapsed. Nobody stole anything. It was lost, just as perhaps value in your daddy`s home was lost. Did he run off with the value lost in his home?
luvcheney1 2 years ago
WE'RE FUCKED!!
JOS3EMMANUEL 2 years ago 2
Another gentleman commentator.
luvcheney1 2 years ago
Comment removed
ccricers 2 years ago
He's some new truths.
Democrats won't fight the oligarchy in the banking industries because of people calling them socialist.
Republicans will make it worse.
I'd like to think the democrats would push some socialist agenda to keep the economy from failing but like republicans they are advocating the same fiscal policy.
blasphimus 2 years ago
You ascribe powers to banking industry they do not have.The Fed Funds rate is 0%, this is easy money for the banks, they borrow at 0%,. loan at 7-23%. Pay us on deposits only 2%. Their spread is big, their profit is big.This is the Fed Reserve policy, bankers do not set Fed funds rates, the Fed does. Easy money is desired by both parties, bankers have no power to do this. The Fed is trying to create a scenario so the banks have profit to survive, and pay back tarp. It is wrong
luvcheney1 2 years ago
LOl yes, socialist countries have always been Soooo successful. What we need is capitalism, true capitalism. You know the monetary system that made us the superpower we are? The banks should have never been bailed out to begin with, that is what started this mess. Thank God only 12% of Americans think socialism is the answer. Corrupt big business can't exist without a corrupt government backing it. In true capitalism they would not take these risks. First Bush, now Obama we're doomed.
icecoldbeerr 2 years ago
HAH! We have been so very wealthy for several reasons. We had a great big middle-class. How did that get there? We were selling product world wide for quite a while. Why? Our industry wasn't obliterated during WWII. We had banking/investment controls that were enforced after the Great Depression. That started to change about the time we started sending jobs elsewhere.
We've only been truly wealthy when we had production here and the people performing those duties were being paid fairly well.
jefevonQ 2 years ago
right, you have an economy right now that isn't based in producing anything anymore. your middle class is becoming unemployed because of it and if there is no middle class, there is no revenue. the banks are makin all the money on absolutley nothing at all. what motivation do the banks have to share that wealth when it was not accumulated through anyones hard work lol.
regtracker 2 years ago
Growing cotton by hand is to manufacturing, as manufacturing is to software. Manufacturing is the past, and bio-tech, software, chip design, etc, stc, are the future. Thinking we can remain in manufacturing when it is past for a 1st rate economic power is wrong. Manufacturing belongs to the economies below us.But, our schools do not produce children with math, science skills to meet the future. Singapore, Taiwan, Beijing, Shanghai are where the children who study live. They will trample us.
luvcheney1 2 years ago
The concept of advancement is there. We definitely don't focus enough on education. However, An economy/nation state the size of ours wants and needs to be truly diverse. That's not the PC term, by the way! We need to retain those agricultural and industrial characteristics to have a long term future. When the economy is good, our financiers and tech kids will prosper. When the economic and political situation is bad, we are prepared to be self sustaining. That is long term stability.
jefevonQ 2 years ago
2% work in agriculture, but our industry is efficient and huge because the capital is there in huge combines, etc. Factories, manufacturing is dead. Only where advanced mechanization, by large capital improvements, allows us to remain competitive. There really are too few US tech kids to move us forward. We must improve tech skills of our children immediately, allow unlimited immigration of the tech kids other countries produce, or we slow down and the Orient, India, will catch and pass us.
luvcheney1 2 years ago
Perhaps that sounds like a low number to you, but I live in WI. This obviously isn't NY. The huge industrial farms are in need of regulation and the unlimited immigration bit is just foolish. We need a cultural change in this country. One that actually respects learning and skill.
I blame 'helicopter' parents.
jefevonQ 2 years ago
What needs to be regulated about the huge farms? Our tech industry can only flourish with enough tech labor. Restricting immigrants with these skills impedes the growth of tech business, the future employment base. Read chap 21 in "the age of turbulance" by Greenspan. As for the cultural change, and helicopter parents, I agree, but it will not occur. Then........ what?
luvcheney1 2 years ago
The larger industrial farms hold far too high of a concentration of animal waste, reliance on bio engineered crops and way too big of a hold on the marketplace. That will only get worse as more and more corps are formed around ag production. Some of the best stewards of the land are the family farms which have been in the family for more than one generation.
Alan Greenspan is a terrible creature. Another Nietzsche lover.
Perhaps it's time for a return to 'old school' nationalism.
jefevonQ 2 years ago
"Way too big of a hold on the marketplace". In English, this means the small family farm`s products cost more than Big Agra. Just as WalMart is cheaper than Dan`s Hardware. Just as Mary`s Creations is more expensive than Martha Stewart at K-Mart. Welcome to the present. This is known as "creative destruction". Greenspan covers that too. I dont want to pay you more, sorry, and nobody else will either.
luvcheney1 2 years ago
Imagine that, you look only at the money in your own wallet. The smaller farmers habits can be better monitored and tracked by the USDA. All your theory will do is thrust us back into the days of fiefdoms. We have the ability right here to offer products at a comparable price with less corporate involvement.
I don't want to pay more for nothing. We are willing to pay for the right things. Why do you think that MATCO, Craftsman, Ryobi, ect are successful when there are stores like Harbor Freight?
jefevonQ 2 years ago
I am just 1 guy, the growth of the big farm corp`s is due to economies of scale, and the normal desire of people to economize. If you r farms are successful, for whatever reason, and stay in business, I am in no way opposed to that. But, when I want a box of corn flakes, I may look at the price. Would that be OK with you? By the way, I love our Harbor freight, they might as well give it away. Costs more to ring it up than the price, I bet.
luvcheney1 2 years ago
It's funny, I've heard very similar arguments out of blue-collar folks who go to wall mart (or where ever) to buy the cheapest 'widget'. Then they complain when their job goes away due to labor costs. Which all too often means the widget will be produced in a third world shit-hole while still being sold here at a roughly comparable price. Yes, probably cheaper. The desire to economize is more than a habit, it's instinct. I would guess anyway. Just think of the true cost of losing our economy.
jefevonQ 2 years ago
watched an interview with willie nelson sometime last year----you echo much of his information and both of you are correct----i have watched the family farms sell out to developers and recently we lost our last operating dairy farm---fortunately we do have some farmland in preservation here---willie says we must return to more of an agriculture base----
seekanddestroy09 2 years ago
With what luvcheney1's sentiment being echoed in much of the worlds business community, we may not be able to maintain our agro/industrial base for a while. One good ecological/economical disaster and we'll need it. It's the same concept as keeping some cash/gold/whatever in reserve as opposed to 'investing' all of it in mild to risky investments.
It seems like we're too busy texting to drive, until we hit something. It's gonna hurt.
jefevonQ 2 years ago
Do you see the economies that are behind us? We left agriculture to the machine. Now, 2% work in that. Then we went to industry, factory work. The Japanese began making the junk stuff. The cars, motorcycles were joke, its no joke now. Then the Chinese built the junk, that will/ is changing. We left / are leaving manufacture, going up the ladder to tech, software, intellectual property. Manufacture is dying, The 1950`s cant be returned to, the Chinese have that. Who`s next, India, Brazil.?
luvcheney1 2 years ago
He who has a strong, or at least capable, manufacturing base has a future as a fairly secure first world nation.
Winston Churchill was nothing but hot air without ours.
jefevonQ 2 years ago
Which is exactly what Finance Capitalism destroys, substituting an increasingly symbolic system, and exporting the base abroad.
It is more complex than that, however--the base must be productive, not necessarily strictly industrial or manufacturing..
mopsius 2 years ago
Finance Capitalism seems pretty cool for Hong Kong, doesnt it Mr Mop? Where have you been? Is the water too high in your cave? Get your Marx collection wet? Me too, I`ll never replace the Harpo records. Ready to take a stand, or just be obtuse?
luvcheney1 2 years ago
"He who has" sounds like a quote. Or are you just feeling fancy, Brit? As to the statements meaning, That was a true statement 60 years ago. "He who stays in the past gets pretty smelly after a while." Thats mine. Since I am an American, I am entitled to be rude. Its in our nature.
luvcheney1 2 years ago
Nah, just felt a bit 'fancy'!
I'm not saying that we shouldn't be willing to move forward, but just keep things grounded in a well thought out base. I also am an American, but I'm not usually very rude. I don't need to be.
What happens when those people who are telling us to abandon our past need something to fall back on. They're also the ones who are most likely to create the hypothetical problem.
jefevonQ 2 years ago
Note your attitude, "keep things grounded in a well thought out base". This is the crucial difference between us. Well thought out by who? You, me, Obama, Congress, the Queen? I say, let the market settle this. The pressure between those who supply, and those that want the product/ service. No need to think, just allow.
luvcheney1 2 years ago
"No need to think, just allow."
What a great, if self defeating, statement!
You still haven't seen the long term absurdity of your stance, have you?
jefevonQ 2 years ago
The US is bankrupt. USD is no longer the world reserve currency. The US real economy has been comatose for a decade.
This is already a national economic emergency.
mopsius 2 years ago
Short of radical restructuring, which does not seem to be on the near horizon, things will only get worse.
Most Americans have no idea how close they are to complete chaos.
Bush and Cheney took the US off a cliff and it is still in free fall.
mopsius 2 years ago
No I havent. The free enterprise system, market economy is an automatic result of free exchange among free individuals and the businesses that supply them. Price is the arbiter of what is going to be produced, in what quantity. No need for the govt at all, except to enforce laws against coercion, and protect private property, enforce contracts, protect the country. A few other matters.
luvcheney1 2 years ago
I don't necessarily agree with all of the content of your statement. I do agree with some, though. Thank you for not being a dick about it.
jefevonQ 2 years ago
I enjoy being a dick, and I dont know what came over me. Perhaps I can be a dick in the future. I am really good at it.
luvcheney1 2 years ago
So long as you're happy.
This string about dead now?
jefevonQ 2 years ago
Conversations between "Centrists" and Classic British Liberal Social Darwinist Finance Capitalists, and concealed Neo-Cons as well, are not two-way.
Only the Centrist is naive enough to think so.
mopsius 2 years ago
Being a centrist means being naive? That's actually an okay image to have. As long as you're watching and have a concealed hand ready to pull the trigger when the negotiations fail.
I'm not British. I'm a long-hours working American who wants some fairness and forethought in the economy. The more we rely on the Darwinistic economic model, the more we'll end up reverting to an economic monarchy. Communism is no better in practice with humans.
jefevonQ 2 years ago
Agree about the Social Darwinism--which is, with Calvinism, the basis of US Capitalism.
Naive applies to thinking that a predatory Capitalist zealot and liar is actually "discussing".
They are like Jehovah's Witnesses on the front porch.
mopsius 2 years ago
"Family Farms" is misleading--as a category many are quite large.
But they have been, more and more, driven out of business, large or small.
Agribusiness is the mode favored by the Financial Capitalists, who use debt credit and market manipulation to eliminate smaller, privately own agricultural units.
They are in fact paralleling the old Soviet "communization" of agriculture, but for strictly Finance Capitalist ends.
mopsius 2 years ago
Bush and Cheney's rural support was in large part from the very people the Finance Capitalists are destroying.
mopsius 2 years ago
Incidentally, in many states "Family Farms" are part time operations because the farmers have to hold other jobs to survive and keep their land. So unemployment also helps destroy small farming operations..
mopsius 2 years ago
Tough shit, isnt it? The telegraph operators ought to be subsidized. By the socialists. Leave us alone. (The producers).Labor and capitalists.
luvcheney1 2 years ago
@icecoldbeer
Meh, all this talk about TRUE capitalism making the US the superpower it is. Nah... alot of factors contributed.. not least of which is being 2.5 times bigger than the next largest first world nation, the world letting the US $ be reserve currency(thatll be ending shortly) and benefiting from economies of scale(due again to its size).
And by "socialist", I think blasphimus meant along the lines of Norway (which has a higher gdp per capita than the US btw) not the soviet union.
nijaexhile3 2 years ago
We, the US, have companies almost as big as the economy of Norway. WalMarts annual revenue is nearly Norway`s GDP.
luvcheney1 2 years ago
another thing with the republicans i think number 1 on the list is who can they bomb
kazooga1234 2 years ago
Yes, another lover of capital letters and periods. But you are correct, we believe the primary responsibility of Govt is to bomb the hell out of someone. Every 7 to 10 years someone needs to be destroyed to keep order. Otherwise they wont believe you. Think Obama scares anyone?
luvcheney1 2 years ago
ever heard that fear isnt the answer to things and spending billions of dollars on pointless wars only causes more problems and makes us lose allies ever heard of a level 5 tribe ever heard that we r a tribe if not watch dan browns we r a tribe upload then say that ignorant shit i like obama better then any republican even if he is being a weak bitch but bill clinton didnt start any wars instead he got us out of debt and is respected and maybe even feared by some/mostly republicans
kazooga1234 2 years ago
Your typing speaks to your I.Q.
luvcheney1 2 years ago
I suppose Kosovo was a hallucination?
luvcheney1 2 years ago
Boo Hoo.......
luvcheney1 2 years ago
i dont completely understand your comment but i no u r a republican so u r just a fucking fear mongerer i bet that u think canada doesnt even have good health care even tho 92% of people in canada like it and no1 likes americas health care that live in other countrys i even talked to some1 in france that said the public option would have been a good idea because it would have just been there when u need it even if u dont get the best health care but u still have the insurance company and it will
kazooga1234 2 years ago
give u the same thing it was giving u before with less drops because they dont want u to go to the public option so the public option and insurance company where supposed to keep either other in check the public option to give good health care and for the insurance companys to lower there prices and not to drop people
kazooga1234 2 years ago
he proved that u dont needs wars to stay as president for 8 years i mean if u think the republicans are feared your fucking wrong i mean look at bush he started a pointless war in iraq and got a shoe thrown at his head he completely deserved that but it showed that some1 wasnt afraid of what was going to happen to them and they r a bunch of old people i mean look at mccain i would give him 10-15 years tops
kazooga1234 2 years ago
they r a bunch of old ignorant people that dont give a shit about other people who r out of this country or in another country we are a tribe we r supposed to protect those around us after all even rats protect other rats are u less then a rat after all no other animal kills its own cept for fucking republicans
kazooga1234 2 years ago
Thats true, we dont give a shit.
luvcheney1 2 years ago
well u no what thats y the world is going to die its caz of people like u that dont even try to stop world suck and that means that u r a part of world suck so what i am aaying is that u suck and should be the one to die not everything around u
kazooga1234 2 years ago
that only care about money but capuchan monkeys they will do what is benefishal for the other monkeys so r u saying that u r less then other animals i sure as hell no that mccain and bush and those rupublicfucks are your way of thinking just pisses me off so much your ignorance is siriously in a need of a reality check u might like puncuation and capitals letters but with commenting u only have 500 charaters
kazooga1234 2 years ago
and i already had to send this in many different comments to u and if i dont use puncuation whats the point of using capital letters u might no how to spell but u no nothing about life or in what this world accually is supposed to be for like when u bomb things u dont just make a kool explotion u kill things u kill other animals u kill trees
kazooga1234 2 years ago
You kill my desire to be on you tube!
luvcheney1 2 years ago
good we dont want ignorant people like u pulling down the tribe number anyways
kazooga1234 2 years ago
u make it so it takes an extremely long time for something to live in that area again u destroy peoples lives who r in the war and it doesnt matter what side they r on in war everything gets fucked up peoples money the economy the reason y we have more homeless people then ever before is caz of wars most homeless people are VETS
kazooga1234 2 years ago
and as for the not believeing part we already dont believe the government we dont trust the government y the fuck do u think people dont want the public option or single payer its caz the government isnt trustworthy because they start fucking useless shitty wars that cost so much money that we dont have and it puts every1 in debt pretty much and then people like u wonder y people say that canada is what america wants to be
kazooga1234 2 years ago
I hope that you do watch Dan Browns vid he has up. His sn is pogobat. The vid title is we are a tribe. You might also want to watch the link in the sidebar. It is a TED vid I think it might be useful to you.
kazooga1234 2 years ago
Look at my name. Luvcheney. I am here to irritate you, and I used the absurd, to illustrate the absurd. Usually, I just get an F U, or something. I hope you dont have a stroke, now I feel real bad. So, calm down, and go fuck yourself. OK?
luvcheney1 2 years ago
Finally some truth told
mefisto706 2 years ago
It seems like these guys are saying we stiched up the wound, but we forgot to get the guy with the knife out of the room.
WesSideCali 2 years ago 3
The guy with the knife is the Govt inflating the currency, regulating the country to death.
luvcheney1 2 years ago
yeah they put WAY to many rules on the bankers!!!
sorry, over regulation of the financial market is not the problem, and for someone believe that wall street has to many rules, is laughable.
WesSideCali 2 years ago
Easy money policy by the Fed, low interest rates, encourage speculative behavior. I paid 103/4% interest for a home loan in 1988, it has been 5-6% for ten years now. If interest is low, investing in in safe areas pays nothing, so speculative activity occurs. These activities, by banks and the public happened BECAUSE of the Federal Reserve.
luvcheney1 2 years ago
You're confusing the Fed with the government.
I agree that the fed is the root of these problems, but the fed is underregulated by the Gov't.
The fed is a sort of gov't/sort of private company/orginazation. It exist in a place of its own, thats the problem.
WesSideCali 2 years ago
The Govt created the Fed. How can they not be responsible?
luvcheney1 2 years ago
rich,powerful men created the fed-----the govt is their puppet
seekanddestroy09 2 years ago
So they could inflate, print the currency, a hidden tax, the way to defraud the ignorant masses. To finance Socialism. Spend without taxation. Tricky huh?
luvcheney1 2 years ago
kind of like the new wall st bubble in progress,with the bailed out banks "borrowing"at 0% and downsizing to monopoly status while profiting enough to pay the tarp off early to avoid restrictions and regulations on their bonuses that used to be the 401k plan your kids were gonna inherit----
seekanddestroy09 2 years ago
My 401k is in GLD, and in jan 2009, 25% of it went into junior gold shares, which did 85% by dec 2009.
luvcheney1 2 years ago
glad to hear you have done well for yourself-----many others are not so fortunate as you----my investments returned 12% last year,not huge but better than nothing
seekanddestroy09 2 years ago
If you are at all knowledgeable, we can discuss technical analysis, fundamental analysis, but I mostly focus on small exploratory gold mine stocks, gold, silver ETF`s.This is for sure: the crisis is not even half way over, and a lot of money is going to be made. I know this is a disaster, but it is not my fault, and I intend to make a lot of money on this crisis.
luvcheney1 2 years ago
"Spend without taxation. Tricky huh? "
Sounds like the last eight years.
jefevonQ 2 years ago
@luvcheney1: You truly are a moron. What the hell was Georgie W. doing then? Tax cuts and increasing war costs. If that is not spending without taxation then Bob Dylan sings better than Pavarotti.
jezmundberserker 2 years ago
Bush`s tax cuts were fazed in, and Federal revenue climbed after they took effect. Taxes are/ were higher than the point of maximum revenue. Revenue plunged because of the recession who`s start is seen in the Nasdaq chart break late in Clinton`s last term. You are aware that recessions raise govt costs, and lower revenue? I assure you, when Bush`s tax cuts expire, there will not be a positive effect. Yes, I agree the war cost money. So?
luvcheney1 2 years ago
Oh, the lowest rate under Bush is 10%, Obama letting it expire it will go to 15%, the lowest rate. Also, the child tax credit, a gift for families with kids, will revert back to, so, they will suffer. Great, huh? Tax the poor, screw families. Unless you are a welfare dependent of the state.
luvcheney1 2 years ago
The fed needs to be absorbed into the government so it can be regulated. Regulation is the solution
Have fun trollin luvcheney1!
WesSideCali 2 years ago
Before 1913 the Fed didnt exist. The Gold Standard is self regulating, no printing of money..
luvcheney1 2 years ago
Gold is a shiny useless rock, it's value is as real as paper money(aka made up by powerful people.)
WesSideCali 2 years ago
Who sets the gold price?? The US govt has since 1933 been at war with Gold.
luvcheney1 2 years ago
Does Au make up its own prices? No powerfull people tell you what it's worth and you believe because of "investments."
Please tell me what the practical use for gold is? We've been told it has value because of its limited supply, not its worth.
The people hold this limited supply say its value and worth is up to 1000 dollars an ounces. Why? Because they hold the most ounces.
When salt was money, it had more value. Gold Standard as a solution is a joke, you can't even wipe your ass with gold.
WesSideCali 2 years ago
well...i would't wipe my ass with salt either but i get your point...
MississippiBlueDog 2 years ago
Comment removed
luvcheney1 2 years ago
The central banks hold the most Gold, and the US has the most, 266 million ounces. The offical US Govt price is $42.22 . No one listens to the largest holder. Who then specifically controls the price?
luvcheney1 2 years ago
Changing the interest rate is MONETARY policy. Not fiscal policy.
EconomicImperialist 2 years ago
Yes, I post the same thing a few hours ago.This guy berates the news people when he knows nothing.
luvcheney1 2 years ago
hmm i wonder if this is just more hype or are we in for a depression?
42Unknowns 2 years ago
We are in the 3rd inning of the greatest economic destruction seen since the dark ages, destruction of Rome. There is always a way to make a ton of money in a crisis, and most of it will be in the 9th inning. We made 85% returns in the 2nd. mmm .... mmm ....... good!
luvcheney1 2 years ago
Obama says that says he never watches the news
i2Dog 2 years ago
The news never reports the truth on him. Dont you just love Rev Wright?
luvcheney1 2 years ago
Another classy gentleman for socialism?
luvcheney1 2 years ago
hmm scary but...... he COULDEV taken off his coat cause he was hot?
LcoolJfiveoh 2 years ago
TYT guy berates the financial press, while he refers to interest rates as fiscal policy. If TYT guy doesnt know the difference between fiscal and monetary policy, he ought not to be commenting on matters beyond his expertise. That is what he is berating the financial press of!!
luvcheney1 2 years ago
Comment removed
TheReallitycheck 2 years ago
very informative video guys.
thx
pinochet222 2 years ago
Is it possible that Barrack Obama will be the second worst president in American History? I'm just asking, I mean... he seems aware, he doesn't have that glazed stare Bush had, it kinda seems he's looking to cash in when his term ends.
alecton 2 years ago
Teddy Roosevelt, the last decent Republican President we had, would have already broke up the big banks into smaller institutions.
DillonX 2 years ago 2
Not an Eisenhower fan?
cnbank 2 years ago
cool.
luvcheney1 2 years ago
what happened to those trust busting republicans? now days republican is the antithesis of progressive, not so much then.
WesSideCali 2 years ago
market is overhyped right now - it needs to come down of the sugar high
VANTERHEYDEN 2 years ago