First they flood the market with easy money (which resulted in over building the real estate market); then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).
When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off
Once everyone is in bankruptcy, (with 20 million vacant homes), these same bankers come in and swoop up all the assets for pennies on the dollar!
@sugarpuddin88 ..... and private hedge funds and the like make deals with the government to purchase some of these said assets for pennies on the dollar...... in turn making the wealthy client of these private hedge funds even more wealthier. Tom Barrack ( yes, that's the same guy who tried to help Michael Jackson re-finance Neverland ranch) and his Colony Capital investment group is a good example of such a group of "private investors".
subjective relativism doesnt work for any anything, morals, money, governance, justice, etc. LIFE is not SUBJECTIVE, and LIVING people are the basis for the how the world works. THEREFORE everything needs to be scaled from that LIFE.
People give FAR too much credit to the economic system (free markets) for the USA's early prosperity.
The USA's prosperity was built on the death of Native Americans. The colonials stole a land in PRISTINE condition. They had inherited social and scientific knowledge from the British without having to use the land's resources.
The African slaves contributed MASSIVE wealth.
The Chinese labourers who built the railroads were also exploited.
Even today the USA's wealth is built on misery. They use every false pretense to start a war and turn other countries into puppet states. Invade Iraq for oil. The most clearest example of puppet state is Japan and the Okinawa military base that the Okinawans absolutely HATE.
The USA makes everyone a slave to the USD which they print to infinity. The Chinese labourer in sweat shops are slaving away for USD just to prop up the USA's standard of living.
The USA uses illegal immigrants as modern day slaves. People ask why do they still come? Well in case you're clueless, the demographics of immigrants has greatly changed both in source countries and social class. The USA is getting bottom of the barrel immigrants. Desperate enough immigrants will go to African countries.
On the gold standard, prospectors died in the cold trekking to Alaska and Yukon to pan for a few grams of gold. Weren't their lives more productive?
Poverty still existed while on the gold standard but you could be poor without debts. I'm not saying the current monetary system is any better. It's that a gold standard isn't a magical cure. In fact, if the USA had all the gold and silver today and went back to the gold standard, China would still have all the means of goods production putting China on top.
Even if Ron Paul had dictatorial powers, he would admit he couldn't fix the economy with his economic school.
If Americans want to go back to the economy of the Constitution, I, along with many others, will be happy to corrupt the system and be making insane profits for ourselves. It's already been done. How to corrupt that system to the one today is public knowledge. Everyone knows the playbook. The bankers did it 3 times with 3 central banks. When people say that they have learned their lesson, no they haven't. You'll have a 4th central bank again so by all means go back in time.
The current destroys wealth and savings needed for capital investment. Manipulation the of the currency lead to malinvestment and speculation, erosion of sensible values and excesses that helped make globalization a trend. We lost our primary means of wealth creation as a result..
@harveybirdmannequin Exactly! I tell sheeple to read John Perkins' "Confessions of an Economic Hit Man" so they can get a clue but, of course, they REFUSE, even when I buy it for them. Baaa
@harveybirdmannequin Exactly! I tell sheeple to read John Perkins' "Confessions of an Economic Hit Man" so they can get a clue but, of course, they REFUSE, even when I buy it for them. Baaa
my view is that the middle class are the next segment of society to be ground down to dust with maximum propaganda to divert the attention of the public.
OH, OH just Wait O Minute! Greenspans defenition is much different from the general defenition of a "Free Market".
The General defention talks about a regulated market cause you can't have a game without a referee is the general idea but Greenspans defenition of a free market has NO REGULATION AT ALL. Greenspan believes in the SELF REGULATING MARKETS which is A MYTH as we all know by now. You just have to look around at all the fraud to see my point.
@YouriCarma Not really, Greenspan was at one time a Friedmanite, but since he laid down with the government and the fed, he's all in for central control and counter-cyclical regulations.
Pretty strong statement you have there, to say that Self Regulating Markets is a myth. Can you show us one example of a free market that hasn't worked?
@LordDyhalto free markets that don't work: #1 home renos #2 used cars #3 used computers #4 computer repairs #5 derivatives - all showing that with zero control, regulation, enforcement, what you can count on the most is fraud and what fraudsters can count on is repeat business
You think those are examples of free markets? Home renos and used cars are affected by privately selected interest rates.
Derivatives are fine by themselves. It's the bailouts that are anathema to free market.
Used computers and computer repairs. I don't really see a problem with those markets. If you get ripped off buying a used comp, you didn't do your DD. If you get ripped off by a repair guy, maybe you should take your business elsewhere.
@LordDyhalto home renos and used cars are not affected by privately selected interest rates. People choose the prices they want and the issue is quality, not price. The issue is fraud, not price. The quality may be near zero and the penalty is zero for doing this, so having no regulation at all, no government control, a totally free market, means 99% of the time the job and/or product is crap and the recourse legally is zero. Markets prefer fraud.
@LordDyhalto derivatives are not "fine by themselves" as many of them are fraud. Fraud is not fine and there are almost no derivatives out there which are not fraudulent. Used computers & computer repairs are also rife with fraud so that's a huge problem. Maybe you don't see it but everyone else in North America sees it. There's no such thing as due-diligence: at the last minute things will be broken and broken parts will be sold as new no matter what you saw or how many times before. Always.
@LordDyhalto and that is my point: you can NEVER take your business elsewhere. There is no elsewhere. A market is the entire range of choices and a free-market prefers fraud so all choices are fraud. Instead you'll have to learn to do the work yourself and consider the entire market to be off-limits for a long time, perhaps forever.
Alan Greenspan once was an objectivist, a follower of Ayn Rand. Once he saw the perks of power, he completely sold his soul to the satan of statism and usury. He will go down in history as on of the most corrupt panderers to power ever.
Obviously the powers that be have worked to control what were previously known as the free markets, when they make statements like the one made below early last century.
@NowisEvollovetion competition breeds adaptability in the face of rapidly changing danger BUT has a cost - production & efficiency drop. Constant danger requires constant losses to adapt, but having long periods of co-operation is how efficiencies are truly located and translated into real solid assets, benefits, savings in energy and computation/planning to solve problems. Patents & copyrights should be illegal.
@SIGN666 we haven't had a free market in this country for a long time fool. spit your foolish jive somewhere else
freakfiend32 1 year ago
Here is how it works
First they flood the market with easy money (which resulted in over building the real estate market); then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).
When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off
Once everyone is in bankruptcy, (with 20 million vacant homes), these same bankers come in and swoop up all the assets for pennies on the dollar!
sugarpuddin88 1 year ago
@sugarpuddin88 ..... and private hedge funds and the like make deals with the government to purchase some of these said assets for pennies on the dollar...... in turn making the wealthy client of these private hedge funds even more wealthier. Tom Barrack ( yes, that's the same guy who tried to help Michael Jackson re-finance Neverland ranch) and his Colony Capital investment group is a good example of such a group of "private investors".
1cherrylane 1 year ago
Ron Paul 2012
LibertyPoet
website
campaign4liberty 1 year ago
I just discovered my underarm deodorant doubles as a nifty fly spray. maybe I should change brands
cicatrixta 1 year ago
I am going to sum up all three parts of these videos...ready? We are all fucked!
exquisiteinvestment 1 year ago
Clearly not ones of these comments here are positive towards the American economy. Makes me think I should be running for cover.
NovusChaoMundi 1 year ago 2
subjective relativism doesnt work for any anything, morals, money, governance, justice, etc. LIFE is not SUBJECTIVE, and LIVING people are the basis for the how the world works. THEREFORE everything needs to be scaled from that LIFE.
d3adp001 1 year ago
Excellent discussion. Tak sa meget for dette. Den Black Swan Event er factisk mulight.
InTheSticks1881 1 year ago
People give FAR too much credit to the economic system (free markets) for the USA's early prosperity.
The USA's prosperity was built on the death of Native Americans. The colonials stole a land in PRISTINE condition. They had inherited social and scientific knowledge from the British without having to use the land's resources.
The African slaves contributed MASSIVE wealth.
The Chinese labourers who built the railroads were also exploited.
The USA's wealth has always been built on misery.
harveybirdmannequin 1 year ago
@harveybirdmannequin
Even today the USA's wealth is built on misery. They use every false pretense to start a war and turn other countries into puppet states. Invade Iraq for oil. The most clearest example of puppet state is Japan and the Okinawa military base that the Okinawans absolutely HATE.
The USA makes everyone a slave to the USD which they print to infinity. The Chinese labourer in sweat shops are slaving away for USD just to prop up the USA's standard of living.
harveybirdmannequin 1 year ago 2
@harveybirdmannequin
The USA uses illegal immigrants as modern day slaves. People ask why do they still come? Well in case you're clueless, the demographics of immigrants has greatly changed both in source countries and social class. The USA is getting bottom of the barrel immigrants. Desperate enough immigrants will go to African countries.
On the gold standard, prospectors died in the cold trekking to Alaska and Yukon to pan for a few grams of gold. Weren't their lives more productive?
harveybirdmannequin 1 year ago
@harveybirdmannequin
Poverty still existed while on the gold standard but you could be poor without debts. I'm not saying the current monetary system is any better. It's that a gold standard isn't a magical cure. In fact, if the USA had all the gold and silver today and went back to the gold standard, China would still have all the means of goods production putting China on top.
Even if Ron Paul had dictatorial powers, he would admit he couldn't fix the economy with his economic school.
harveybirdmannequin 1 year ago
@harveybirdmannequin
If Americans want to go back to the economy of the Constitution, I, along with many others, will be happy to corrupt the system and be making insane profits for ourselves. It's already been done. How to corrupt that system to the one today is public knowledge. Everyone knows the playbook. The bankers did it 3 times with 3 central banks. When people say that they have learned their lesson, no they haven't. You'll have a 4th central bank again so by all means go back in time.
harveybirdmannequin 1 year ago
@harveybirdmannequin
The current destroys wealth and savings needed for capital investment. Manipulation the of the currency lead to malinvestment and speculation, erosion of sensible values and excesses that helped make globalization a trend. We lost our primary means of wealth creation as a result..
InTheSticks1881 1 year ago
@harveybirdmannequin Exactly! I tell sheeple to read John Perkins' "Confessions of an Economic Hit Man" so they can get a clue but, of course, they REFUSE, even when I buy it for them. Baaa
VivaRonPaul 1 year ago
This has been flagged as spam show
@harveybirdmannequin Exactly! I tell sheeple to read John Perkins' "Confessions of an Economic Hit Man" so they can get a clue but, of course, they REFUSE, even when I buy it for them. Baaa
VivaRonPaul 1 year ago
@harveybirdmannequin
my view is that the middle class are the next segment of society to be ground down to dust with maximum propaganda to divert the attention of the public.
orangedac 1 year ago 2
So, what these gentlemen are actually saying is that the empire is naked?
Very intelligent economists are telling us that we are looking at something that isn't there.
is that why it is so hard to find...clever trick had us fooled...no longer asleep...
WE ARE AWAKENED FROM OUR SLUMBER & THE LIE HAS BEEN EXPOSED
hatchi58 1 year ago
OH, OH just Wait O Minute! Greenspans defenition is much different from the general defenition of a "Free Market".
The General defention talks about a regulated market cause you can't have a game without a referee is the general idea but Greenspans defenition of a free market has NO REGULATION AT ALL. Greenspan believes in the SELF REGULATING MARKETS which is A MYTH as we all know by now. You just have to look around at all the fraud to see my point.
YouriCarma 1 year ago 2
@YouriCarma Not really, Greenspan was at one time a Friedmanite, but since he laid down with the government and the fed, he's all in for central control and counter-cyclical regulations.
pretorious700 1 year ago
@YouriCarma
Pretty strong statement you have there, to say that Self Regulating Markets is a myth. Can you show us one example of a free market that hasn't worked?
LordDyhalto 1 year ago
@LordDyhalto free markets that don't work: #1 home renos #2 used cars #3 used computers #4 computer repairs #5 derivatives - all showing that with zero control, regulation, enforcement, what you can count on the most is fraud and what fraudsters can count on is repeat business
ytgv3fc7 1 year ago
@ytgv3fc7
You think those are examples of free markets? Home renos and used cars are affected by privately selected interest rates.
Derivatives are fine by themselves. It's the bailouts that are anathema to free market.
Used computers and computer repairs. I don't really see a problem with those markets. If you get ripped off buying a used comp, you didn't do your DD. If you get ripped off by a repair guy, maybe you should take your business elsewhere.
LordDyhalto 1 year ago
@LordDyhalto home renos and used cars are not affected by privately selected interest rates. People choose the prices they want and the issue is quality, not price. The issue is fraud, not price. The quality may be near zero and the penalty is zero for doing this, so having no regulation at all, no government control, a totally free market, means 99% of the time the job and/or product is crap and the recourse legally is zero. Markets prefer fraud.
ytgv3fc7 1 year ago
@LordDyhalto derivatives are not "fine by themselves" as many of them are fraud. Fraud is not fine and there are almost no derivatives out there which are not fraudulent. Used computers & computer repairs are also rife with fraud so that's a huge problem. Maybe you don't see it but everyone else in North America sees it. There's no such thing as due-diligence: at the last minute things will be broken and broken parts will be sold as new no matter what you saw or how many times before. Always.
ytgv3fc7 1 year ago
@LordDyhalto and that is my point: you can NEVER take your business elsewhere. There is no elsewhere. A market is the entire range of choices and a free-market prefers fraud so all choices are fraud. Instead you'll have to learn to do the work yourself and consider the entire market to be off-limits for a long time, perhaps forever.
ytgv3fc7 1 year ago
Alan Greenspan once was an objectivist, a follower of Ayn Rand. Once he saw the perks of power, he completely sold his soul to the satan of statism and usury. He will go down in history as on of the most corrupt panderers to power ever.
pretorious700 1 year ago 14
John's Youtube channel is smartknowledgeu
TheSilverbullet99 1 year ago
" How I learned to Love the New World Order" Article by Joseph Biden, Jr. in the Wall Street Journal ( April 1992 )
"How to Achieve The New world Order" Title of book excerpt by Henry Kissinger, in Time magazine ( March 1994 )
Getting it yet ?
RenegadeTimes 1 year ago 2
Tony Montanas (Scarface) First and only boss Frank Lopez "Dont ever under estimate the Others guys GREED!"
Repomex01 1 year ago
He's just arguing semantics.
pretorious700 1 year ago
after you stole as much as you can and you cannot squeeze another penny out of it, you burn it - goodfellas
maj1kninja07 1 year ago 11
Obviously the powers that be have worked to control what were previously known as the free markets, when they make statements like the one made below early last century.
"Competition is a sin".
John D. Rockefeller
NowisEvollovetion 1 year ago
@NowisEvollovetion competition breeds adaptability in the face of rapidly changing danger BUT has a cost - production & efficiency drop. Constant danger requires constant losses to adapt, but having long periods of co-operation is how efficiencies are truly located and translated into real solid assets, benefits, savings in energy and computation/planning to solve problems. Patents & copyrights should be illegal.
ytgv3fc7 1 year ago