What If They Asked Your Family for the Wall Street Bailout?

[shanghaisam37]

its a very complex issue. don't act like you got it covered.

[HayateAce]

Poor Cenk.

No talent, no looks, no abilities. No wonder he flunked out of school and wound up as a low-budget youtube hack.

[redmend]

I don't know of any other solution there is! America is falling into a liquidity trap, Keynes Thrift Paradox is going into effect, we must spend money on the problem and this is it! And seinemarkn, monetarist policy put us in this position to begin with. "Fake money" got post-WWI Germany out of depression by moving away money from being based on commodity, and the world to this day has progressed on it. Going back to that would cause more wars then one could ever imagine.

[walruspurps]

you fucking idiots. what are they suppose to do? what is Obama doing? the same thing. Yes, we understand that bad loans arent something you regularly want to buy. the question should be: would you let a portion of your income go towards keeping our banking system from failing and putting us in a recession for the next 15 years. get the fuck out of here. Your an idiot. go fuck yourself

[sparda9060]

the US got like no assets left now since the banks took it all long ago. ONly thing we got is oil in alaska. Y not just tapped that bitch, sell it to other countries n make us some real cash that has actual value n not just debt. Maybe then we get out of this bullshit monetary system n use that cash to find another duel source n us it. its too late i guess, banks got hold of oil too.

[REALLYIMAGINARY]

because the world is set up so that only certain people can sell oil. we have oil all over this country. peak oil is a lie. just like the lie that diamonds are a precious stone.

[UR123GoFly]

What if they ask your family where your father is ? Who had been taken at 02:00 in the morning from his bed ? You are NOT allowed to ask.. You are NOT allowed to leave the country ? Your mother cries every night herself to sleep ?

See Soviet Union/Eastern Europe 19560-1980 Your Communist dream..

How interesting is to read academic discussion on Youtube.. What scares me is that in 1956 in Hungary revolutionary forces HANGED people like you on the lamp post..There were No questions asked..

[CultLeader618]

hahaha YOU WALLSTREET PIGS YOURE GOIN DOWN!

YOU MADE ENOUGH POEPLE HOMELESS AND POOR AND STARVE

Wallstreet Crash = low home prices low cost living low cost goods and freedom and happier lives for everyone!

wallstreet boom = low wages labour slavery

housing hyperinflation homelessness poverty famine and eventual civil collaps into a darkage of human slavery destruction and starvation while wallstreets rich materialistic snobbish pigs would enslave and massacre commoners and citizens for sport

[seinemarkn]

This is a good way to transfer a lot of wealth from the many to a few. And, I want to note, getting back to the Roman empire comments at the beginning of this thread, this is what took them down as well. In history, no empire that switched to Fiat currency, ever survived for more than a a few hundred years. We are more than a hundred into it now!

[seinemarkn]

Basically, everything is falling apart since our economies are running on fake money. Money that's not tied to "real" assets. Every time the country needs more money, more is printed. This is called inflation.

[seinemarkn]

I had mentioned this a few days ago. It's the Fiat money system at the core of the problems. The Fiat system was first started in the US in Abraham Lincoln's days and was finalized when we no longer backed the Dollar with any kind of real asset in the 1960's!

[vger1970]

wall street crashing !! gas prices going down yay !!

[GretchenDawntreader]

yeah they passed it, and wall street responded...the Dow closed under 10k for the first time in years.

So glad we bailed them out! Thanks Wall Street!

[trecurry7]

Homeland Security Agents in every neighborhood.

[PrettyPoeRoses]

on the boSs

[WildRepublican]

I'm right with you on this.  The bailout was flat-out stealing, and worse. This could be a movie. This could be a nightmare. But no, we wake up, and we are not dreaming. I've been researching a lot. I'm still stunned.

[FightGlobalPoverty]

We are on the verge of a massive financial collapse and catastrophic depression. This isn't just a a simple market adjustment.

You make Herbert Hoover look like God.

[jonie1515]

The slow down is still coming this Bail Out means nothing. I can drive down any City or Town in America and see huge signs of Office Space for Rent at least 20 or 30 of them all around looking for Business. This is the Beginning of the end of it all. I dont think there is anything the Gov can do because they are throwing good money after bad.

Can someone Bail me Out? I'm with CA and MA both are asking the good old government for 7 Billion to bail their States out.

[gre107]

Absolutely agree! It's about time we start standing up for our rights that they are trying to take from us.

I bet if we lop off a couple of heads many of the rest on "Hill" will fall in line and come up with a real solution!

[Idtelos]

to you all idiot Republicans who voted for BUsh amd will vote for McCain, the U.S. stock market fell below 10,000!! it's not longer a recession, but a depression. now it is showing the 16 years of Republican deregulation. Big Business is bankrupting itself, and wants the Government to bail them out, while they keep the money they made and CEO's will leave with multi-million pensions. The U.S. Government is fucking over it's citizens.

[donotswallow]

your knowledge of the situation is extensive.

[morbo262]

ldtelos:

This did not happen by accident & BOTH parties are to blame, WE THE PEOPLE just got RAPED. Bankers, Lawyers, Lobbyists, Traders, Congressmen & Senators. This was planned, it's economic terrorism, doesn't anyone remember the articles that came out shortly after 9/11 about the possibility of Economic Terrorism? It's not just US it's WORLD WIDE & the result will be one world bank that controls all trading activites and money exchange. Vote McCain Vote Obama it doesn't matter who now!

[WildRepublican]

hi Idtelos,

I'm against the bailout, mad as hell ... but Obama voted for the bailout too ... so ... your comments are illogical to me. I do not trust either party at this point, and if you do ... that is your little dream party.

[trecurry7]

thought I had...

the federal government is buy old loans which means that they now own the houses.

How hard could it be to create a network that spies on it's own people continuously. Already have the Patriot Act.

[PrettyPoeRoses]

like i told my buddy, it really don't matter who become the president

[KeyserX]

Ayn Rand - Atlas Shrugged

read it. Need has become more important than right. The need of others has become the justification for the subversion of your rights. Sure, it's your money, which BELONGS to you, but they NEED it, so we're taking it from you.

Does that sound fair, does that sound like something you should let your government decide for you?

[savethehumans420]

let the top one percent population pay it since they own 40 percent of the national wealth.

[KeyserX]

Well, the primary theme of most, if not all, of Rand's views is fairness. I realize that the rich have more money, but qualitatively speaking, why do they have any less right to their money than the poor do? It stands to reason that they have worked for their money as well and were able to offer something of equal value to their wealth, otherwise people wouldn't have bought it. Why punish people for being good at what they do? Why punish them for producing goods?

[phatrabbit126]

I get your point but so many of Ayn Rand's views are rather vacuous, so no, I actually do not think that her ideas are the direction that people need to be going in

[FightGlobalPoverty]

America is doing too little, too late to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

[morbo262]

FightGlobal....

Who the fuck gave you a seat on the NEW WORLD ORDER? "Temporarily nationalizing our finacial sector" ? What the hell?!?!

[FightGlobalPoverty]

We need to do what it takes to stop our financial system from collapsing and putting us into a catastrophic depression.

We should be in a state of emergency. A bailout that is only 5% of our GDP when our financial system is collapsing is too little, too late.

*What the hell?*

You might view things a little differently if we let our system collapse and are thrown into the streets.

[FightGlobalPoverty]

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.

[FightGlobalPoverty]

All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.

[riclee86]

each american paying $3000 to help rich bankers.

WTF?!?!?!?!??!?!?!?!

[xlightwavex]

and if you actually did any reasearch you would know that the entire system is a peretual motion machine of increasing debt that can never be escaped its not possible its designed that way

[xlightwavex]

please go watch the video money is debt to understand why this is just symptomatic of the inevitable or watch a ron paul video of him argueing with the evil fed

however basically this will translate to a even worse problem 6 months to 1 year from now

to boot alot of foreign investors are actually the ones being bailed out not the actual homeowners themselfs

[TheGiantRobot]

Exactly, it will double every decade or so, and we might never pay it off.

[KangaKucha]

imo, we should hav just let those buinesses go bankurant.

[lurvmiii]

my goodness! i just got done watching a show on fox news entitled "obama and friends; history of radicalism" That show is going to be a huge controversy for the rest of the week.

cenk i need u 2 comment on that. d media has not caught up with it yet. this is coming after Palin accused Obama of "palling around with terrorists". Ok! these folks are gettin mad desperate but the american pple deserve the truth.

[seinemarkn]

Is that online? If so, can you send me a link to it. I found comments about it but can't find it and I don't have regular TV :-)

[seinemarkn]

Another comment in regards to the credit comment above and the Roman link. What caused the Roman empire to collapse and what do we have today that's causing our current issues? It's the switch to Fiat money system and this time it's going to be world wide. Research Fiat money and it's history :-)

[seinemarkn]

Yip, that would be the case!!! It's credit funding credit. Similar to someone paying for their car payment with a credit card. Not a wise thing to do!

[icebox222]

"Credit markets would dry up and da da da da da" I wish they wouldn't have passed the legislation so when the job cuts come through, you lose yours.

[bahamiangreek101]

I would try to pay my own debt.

I don't like how this is going though

Cenk great video too : )

And hey for the one who left a comment below me your absolutely right money should be centralized and introduce the Amero.America needs a better direction we can't fall.

[bahamiangreek101]

Oh I ment barnabywilis who lefted that comment.

[Prometheus3641]

Amero? Fuck that!

[zorath1970]

Actually, Rome fell many times during its decline. Huns, Visigoths, Celts, etc. etc.  I fear that this economy will be the same way. It won't be one big thud, but a death of 1000 cuts.

[KarateKidX]

huns never came near rome

[HammandClov]

I think he meant Rome the nation, not the actual city. Attila got close to the city of Rome, but Pope Leo I persuaded him to turn back.

[KarateKidX]

also, although the celts were able to surprise roman armies for a little bit, they eventually got crushed, and this was at rome's height.

[arkybarky]

We've just created a 700 billion dollar man... [6 million dollar man in 80's]

[Zuul030]

Dude. I bet a 700 billion man would get all the chicks. Or at least, have some real badass rimz and hydraulics :)

[99Leo]

Cenk, Congress voted for the bailout. Not us.

[jmeiskues]

But we voted for the people to vote for us!  It's democracy right?!

[99Leo]

Of course. Theoretically. What I said still stands.

[TVParkdale]

I have some ice cubes here in Canuckistan I could sell the American government.

How much do you think I could get?

[ardvark55555]

hahahaha

[Babylonthegreat]

Now get ready everybody... to watch this all fall apart.

Watch.

Rome wasn't built in a day, but it fell in one.

[DenOndeMister]

Actually Rome fell over hundreds of years. But thanks for trying.

[wtfisditvoorbullshit]

haha

[Babylonthegreat]

Note to self: Metaphorical exaggerations are often lost on the masses.

My point was, once the game is over... it's over. It's kind of like contracting an incurable disease. You can contract it and live a while longer, but you're already dead from the onset.

So, to simplify this for you DenOndeMister, once the beer is gone, the party is over, even if the music is still playing.

Perhaps this example will have more resonance with you.

[soularimus]

paying debt with debt....

k