you believe in the system? you believe there is a structure? pull your head out of your ass! they make the rules as they go along to suit their needs! asshole!
the FED is a private corporation.. it is not in anyway part of the government ..it is owned by private banks ..the government does appoint he chairman and the governors but they are appointed by the corporate insiders that work in the government ..the good ole revolving door
IN RESPONSE TO YOU CLEVER PEJORITIVE COMMENT: I think you know its not. Don't embarrass yourself, you have been reasonably dignified up until now don't get petty.
lets stop this abuse now, i admit i probably started it but: Young and cocksure? What the fuck is that? the one that offended me the most was SLOW! this is a joke! i am sorry i accused you of being an arrogant blow hard, this was merely a vain attempt to get you to respond directly to what i had asked you. If you are not going to respond then im off to bed. its half 3 in the morning here and i have college in about 5 hours
"...i have heard before or (most significant here) is irrelevant ". I have already offered you plenty of things for you to respond to and you have failed to respond coherently, thus my frustration. "YOUNG AND COCKSURE"? not only is this incredibly patronising (using my age to undermine me) but i have been the exact opposite of cocksure. I was asking you questions in an attempt to try and understand your point of view..........
Free Markets with a Constitutional Federal Government., the rights that are not enumerated in the Constitution remain with the state. if you don't agree with the state you live in, vote with your feet
No Government is Anarcho-capitalism.
Your right IMO on the enforcing state. you would need a Judicial system to enforce contracts.
they didn't buy it , they took over the monetary system & stole it.
i am trying to see your perspective. I agree with alot of what you are saying but you are spewing all sorts of stuff i already know, have heard or is irrelevant to what i have asked you. You seem to me like an arrogant (perhaps well-read) blow hard who takes pleasure in citing lots of philosophers and thinkers and ramming your well rehearsed rhetoric down peoples throats and expecting us to be grateful you did. This is a purely selfish "look at how clever i am" exercise for you
IF YOU ARE NOT HERE TO WIN PEOPLE OVER THEN WHY ARE YOU HERE? WHAT IS THE POINT? at not point have i advocated intervention capitalism or endorsed bernstein and will never advocate fucking tony blair. Why do you keep saying these things, answer my questions.
FROM AN EARLIER COMMENT OF MINE DIRECTED TO YOU: "i would also recommend (if you are trying to win people over) not being so.....hostile? and don't use obscure terms like "crypto-calvinist" it just alienates people, no one is impressed. If you are not trying to win people over i would ask you the question; what are doing here"?
You have answered my question as to why you think "debating" is futile but surely that is what you are doing right now, with all these people on youtube
Thanks, but since you are talking about the History of copyrights got me thinking about patents
were you talking about the history of patents or the Governments abuse, favoritism & theft (actually the Military Industrial Complex does the Theft) of patents? in my Research of Stan Meyers I ended up doing some research into Patents
i am no trotskyite. I'm sorry I should have clarified. i am a socialist, marxist ect and that is what i meant by "we" in an earlier comment. I am willing to be convinced.
i would also recommend (if you are trying to win people over) not being so.....hostile? and don't use obscure terms like "crypto-calvinist" it just alienates people, no one is impressed. If you are not trying to win people over i would ask you the question; what are doing here?
Socialism is a complete command economy with all resources being allocated by the government.
True Marxism has no government, but has all individuals labor, produce goods and services, put them in a pot, and then everyone takes a share of which they need. It's closer to anarchism then Socialism.
That's a particular contrast that my economics professor pointed out, which I'm not entirely sure is even correct.
From her perspective anyway, they are very different.
you, SIR, have obviously never read the works of one of the FOUNDING FATHERS - Mark Twain!!!! He says this and I think you should really think about it and start doing it!!! MORAN!!!
"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."
true.. socialism is an economic system in which the MAJOR industry / resources are controlled by the government such as oil electric power generation water etc.. it does not control all aspects of an economy..a marxist system more commonly called a communist system would control all industrial production and resources.. private ownership is not allowed even the home u live in would be owned by the government..a democratic socialist government has all the rights of ownership
Yes, plus Socialism has a lot of leeway along the spectrum. The two extremes, Capitalism and Communism, don't have any room for revision, which is why they are both outdated and failed systems.
Personally, I am a Keynesian, which is a little more toward the Capitalist side of the spectrum than Socialism.
you haven't addressed my point. Even if you are right and human nature is determined by culture surely it is counter productive to be sooooooo aggressive towards people who have obviously never been presented with the real alternative to capitalism
WOW, trotskyite politics coming from an American! have you no hope we can win the American people over with the strength of our arguments as opposed to what you are suggesting which is, as far as i can tell, revolution. Yes, the bourgeois control the media and the education system. They have neutered peoples ability to see through the flaws in the capitalist economic system by feeding them myths and not providing them with the other side of the argument but if we have seen through it why...
can't they? another point i put to you. If you think (and i paraphrase) "greed is a product of the capitalist economic system" and therefore it is in human nature to be good and kind to each other surely your militant anger at people still bound in thinking by false consciousness is not only unpleasant but counter-productive to the left wing cause?
Not following you on the rest, this is the typical order of how it's done but obviously not the only order. you could steal someone's Idea or infringe on someone's copyrights.
Regulating derivatives is the red herring to the major issue in our economy. The real solution is to regulate the Fed and the US Treasury. It would force investors to make smarter decisions. Allowing the Fed to provide a safety net for these risky derivatives is going to continue the problem...not solve it. Regulation is needed but you wish to regulate the effect of the problem and not the cause of the problem; end the Fed and resort to commodity backed money and we have solved the problem.
Not a bad list. I would add quit printing money. And the biggest underlying problem that fixes most of your list by default. Have the IRS and GAAP change to asset based accounting. When American's quit rewarding leverage, most financial corruption will stop. It doesn't hurt small biz and the middle class because they use assets to generate productivity. It promotes the Warren Buffets and Bill Gates types because they prefer tangibles. Most importantly, it destroys the parasite class.
Actually, I like debate, win or lose. I just don't like Vague statements. I respect peoples point of view, just set me on the path you followed to come to it. both of us reviewed the facts available that led us to our own conclusions. Maybe just different facts. I understand facts don't change, but I doubt either of us has all of them. I doubt ANY of us has all of them the way business is conducted in DC.
Problem is for that we need more exploration rigs. The industry that made them disappeared with the decline of the steel industry.
Given that they take a year or more to build each its no more than a fall back plan.
Not to mention saudi Arabia contracted all the firms that make rigs to make drilling rigs for them. They have tripled there active rig count 3x in the last few years just to say flat in output O-o now that's scary....
They just want a business model for the future to attract investors to get paid. Again Friedman said ".....
The biggest lunacy of all is the nonsense they peddle every now and again of running cars of hydrogen fuel cells or simply burning hydrogen in the engine.
Biofuels are bad enough, but reorganising the economy and building infrastructure around a phantom of a fuel is absurd. But if they convince the brain dead market investors that could be our future....
While, I agree with most of Cenk's points - he forgot an important Rule #6 - no bonuses. Bonuses are huge reason why executives ran amok. Of couuuuuuuuurse, executives would take huge leveraged risks because they cash out their bonuses and no one can touch them. Look at all the hoopla going on right now with respect to banks paying out bonuses. Also, the FED is a private institution so it doesn't have to be transparent - it's owned by PRIVATE shareholders.
bonuses were a proximate cause, a very proximate cause in fact. It would be better to adjust the system of shareholders which cenk mentioned.
Once the owners of a corps capital have a bigger say they will naturally make decisions to avoid collapse. Hell, bankers themselves probably would not earn more than a similarly skilled accountant. Its amazing how little a successful company pays in dividends these days as opposed to what the board is paid.
Yes its important for everything, having said that oil for transport is around 70% of the barrel.
Yeah, I would rather have the fertilisers insecticide and drugs and walk to work. Having said that, we have stupidly started to ship all these things over the years in trucks rather than coal or electric trains.
I compeletely agree with gasonline being the least important and that's part of the reasoning for starting with commuter vehicle efficiency.
Does the US even have that power? Wouldn't people in saudi still price oil in $'s even if the US didn't.
Also I think it would be terrible as it would compromise the $'s use as a reserve currency which is essential for US gov borrowing, particularly at the awful interest rates the bonds are sold at.
Problem is all the estimates for the outer continental shelf are bleak relative to the ravenous US demand. Its been calculated the OCS will add to flow rate what could be saved if every car used the correct tire pressure as I mentioned.
The only way out is to take a server bite out of demand. I.E to try and grow the economy for the future while remaining flat for a few years then decrease.
Look up the OCS estimates, there all terrible once you factor in current consumption rates nvm growth.
What also annoys me is the "wall st" confidence expectation that the PLC model encourages.
Companies must be seen to grow profits at several points above inflation to not be considered to be 'failing' and thus devalued.
Which comes back to the argument of PLC Health insurance companies that have increased profits 100%+ over the last 10years just to meet the "market expectation". Even though such a industry in reality should ONLY be able to grow at population growth rates....
Yeah, I am not denying banking these days is the revival of Friedmans ideas: "Its the duty of every company to do anything it can to increase profits" which has contributed to the "retailization" you mention.
Because of the bonus' and the PLC model this means banks would rather use its capital to speculate rather than make safe loans at low interest rates.
I don't think that would help. US is a massive net importer of oil. I fully agree with you that oil price rises for the last 10yrs are little to do with speculation and everything to do with supply/demand.
The US needs to learn how to get much more GDP per barrel. Its going to have to do this while coming out of recessions.
I would enact a tougher MOT. US cars waste so much gas because of low tire pressure etc... The avg eff. is terrible.
Well Cenks views are not wrong per se, its that they would never get past the policy makers for reasons you just outlined.
Though its important that more people think these things, because then they'll realise that what needs to be done is unimplementable in the current system.
Then they can understand the need for large restructuring. That's ultimately why Cenk is 'right' for saying this.
The half the public isn't even opinion neutral, they sincerely believe 'over regulation' was to blame.
What everybody going nuts about derivatives fail to realise one thing.
They are ALL about transfer of risk.
If a commoditiies producer wishes to hedge the price they will pay / receive for the commodity, someone else has to take the risk of price fluctuation unless we are going to insist that only other industrial users take the other side of the deal. this would completely stymie the effectiveness of the market in trasferring risk
Yes there is always a bigger picture .... but I am talking proximately here.
This is a classic case of those with wealth/power misdirecting blame at a highly visible group.
Take a hard-working person who is not too bright and its easy to convince them that the benefit slob down the road is the cause of all their ills and they will belive it.
Understanding the main reasons for problems is quite hard and so undesirable for many.
Conservatism amongst the lower classes depends on this concept.
There is a rather large nationwide group of folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians whom wish to affirm or reaffirm their oath to the constitution. I encourage anyone who cares about their freedoms to check the Oath Keepers out online.
Take power from corporations - they have too much power. Because Corporations are considered 'persons' like You and me, they can conjugate to lobby to politicans (do what we want and you will get money and a seat in politics) and avoid legal trouble if the corp did something wrong.
And give power to print money back into hands of govt, not the federal reserve.
Proving I'm wrong or your right however you want to look at it
I'm not looking for a free Lunch, I'm calling you on trying to feed me BS. your not getting out of this with your Vague statements. back them up or bail
"introduced in the Senate by Phil Gramm (R), House by Jim Leach (R) signed into law by President Bill Clinton"
Bipartisan approval, Got it
again, as long as the US taxpayer will be forced to bail out banks it will encourage banks to take on Risky Loans & give those Bad mortgages value. do you think those bad loans could be sold if they weren't backed?
"In February 2009, Ben Bernanke stated that securitization markets remained effectively shut, with the exception of conforming mortgages, which could be sold to Fannie Mae and Freddie Mac"
"In 1995, the GSEs like Fannie Mae began receiving government tax incentives for purchasing mortgage backed securities which included loans to low income borrowers. Thus began the involvement of the Fannie Mae and Freddie Mac with the subprime market. In 1996, HUD set a goal for Fannie Mae and Freddie Mac that at least 42% of the mortgages they purchase be issued to borrowers whose household income was below the median in their area. This target was increased to 50% in 2000 and 52% in 2005. ....
......From 2002 to 2006, as the U.S. subprime market grew 292% over previous years, Fannie Mae and Freddie Mac combined purchases of subprime securities rose from $38 billion to around $175 billion per year before dropping to $90 billion per year, which included $350 billion of Alt-A securities. Fannie Mae had stopped buying Alt-A products in the early 1990s because of the high risk of default. By 2008, the Fannie Mae and Freddie Mac owned, either directly or through mortgage pools .........
...... they sponsored, $5.1 trillion in residential mortgages, about half the total U.S. mortgage market. The GSE have always been highly leveraged, their net worth as of 30 June 2008 being a mere US$114 billion. When concerns arose in September 2008 regarding the ability of the GSE to make good on their guarantees, the Federal government was forced to place the companies into a conservatorship, effectively nationalizing them at the taxpayers' expense"
Kind of funny how Banks were all of a sudden allowed to own other forms of financial tools, and all of a sudden the fincial sector collapses. The Part of the Glass Steagall Act I was talking about was how Banks were not allowed to create Mortgage backed securities, or credit default swaps. Repealed in 99' by repubs and a Clinton and 10 years later there is a collapse, when there hadn't been a problem for what...70-80- some years, minus the S&L crisis under Reagan.
Do you understand that none of that matters if you stick to the Principals of free market. If not backed by the Government, who would lose money? You or me? not unless we Invested in Mortgage backed securities or credit default swaps. but then we do so with the understanding that we could win Big or Lose Big, but we do so at our own risk.
Don't talk about a free market unless you mean completeley free, i.e. no regulation what so ever, domestic or foreign imports, no subsidies for farmers, or minimum wage. Those two things keep America from becoming a second or third world country. For capitalism to work someone has to fail.
@snowbaordguru a free market means a second or third world. Look at Indonesia, a pretty free market and there is massive poverty. Haiti has had the free market shoved down their throat and it is the poorest nation in the hemisphere and it just got devastated. Free markets are good for the rich and only the rich.
"Indonesia has the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods....."
Haiti on the Other hand..........Where to start. I had this discussion with a Gent on another board. this runs deep.
Sanctions, Government involvement (their own & the ones that want to "Help" them) & Corruption. that coupled with a streak of bad luck with the weather would disqualify them from being considered Free market. they live by the sea but few fish, have fertile land but rely on imports.you have to want a market to start with.
They have those in parts of Africa and the Middle east. I don't think those types of Markets are really something I want. Going through life asking, Is my car going to die because of the gas I just put in, Will my kid get sick from this milk, etc. Please don't tell me about rating agencies and court justice. That has never worked at a large scale.
That was the central theme to my statment, you made my point for me.
I was reffering to the U.S. capitalist system in hyperbole. All you hear from the right wing is how much capitalism and the free market has helped everyone, I was pointing out that the U.S. has never had a free market and barley has captialism. How about protectionism for Americas workforce and goods we produce?
@snowbaordguru 1000 apologies, I mistook you for a libertarian. The statement "there have never been free markets" line threw me. Usually that is the libertarian justification for why their political theory never worked. Sorry.
That means the Minimum wage will have to double to keep pace, but that would defeat the purpose.
Brace yourself, if they collapse this dollar you'll see true free markets pop up in the form of flee markets.already happening in my area. cost of doing business is too high because of taxes & regulations. I wonder what the new currency will be?
free trade is causing us to become a third world,aka lost most of our manufacturing and there is nothing wrong with failure,aka learn from your mistakes
how about everyone outraged by the companies paying outrageous salaries stop guy stocks in those companies
Also we can all stop paying attention to the rating agencies. Vote with your money and so enough those companies would have to change their practices or wait for another bailout :)
There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
actually no ideology can be translated into reality. the problem is that the real world is so complex but the best socio-political models dont even take into account most of the variables.
in the college environment i usually hear students, and often teachers touting socialism. i find it interesting that you are pro-capitalism, but with an ideal of much broader regulation. i thought the idea sounded credible. i would love to see why you disfavor socialism in favor of regulated capitalism. it'd be relevant to your liberal, college-age viewers, who i am sure makeup a big chunk of your audience.
true, but i think we should push capitalism as far as we can while we solve the problem of governence and form newer modes of political systems. my geuss is we are going to one day be a anarcho-something system. capitalism is killing the earth and we need a new paradigm. i do think that cenk is to lazy intellectually to think past what he was born into and lives in. its not easy but it is logical and rational to beyond what is.
i just realized that you have sent like 5 comments to me, and i still have no idea what you are saying.
i'm so confused, i know your trying to saying something important. look keep on the good work but your going to have to have more context in your comments. i have no idea what just happened
what, i dont follow what you mean. are you trying to insult me or something. thats weird i thought i was complementing you. wait ok i am confused, what are you trying to say.
ooooo your smart. someone been reading some books on anarchism lol. humboldt , maybe some chomsky, or some russell. well said good sir well said you silly anarchist you. that was almost poetic.
Moron the point of Capitalism is very limited control by the Govt. and more by the people. Now if you were such a Capitalist as you say you were then open your eyes and ears and see that the liberal party is pushing guess what NOT capitalism but rather socialism.
the people dont control capitalism. even the original thinkers on the subject thought a system based on the free market would be worse then slavery, or feudalism. classical liberalism was not pure capitalism, in fact i believe today knowing what we know now, they would be more socialistic and anarchistic in there ideas. for example a corporation is a living human with all the rights we have, but is immortal and without emotions. its also a complete tyranny. its not a democracy.
I disagree... Derivatives and CDSes are both unnecessary. The money that banks have is money that belongs to other people, and they gamble with it. Gambling with other people's property is highly un-capitalistic.
Pro inequailty and bonuses For Private property elites Against tax on the richest Against welfare for murder charges for the possession of the morning after pill Biggest backer = bullion company. Look up Burton Blumert anti democracy. He says doctors should have the 'right' not to treat the poor. Fact is Ron Paul is not a Libertarian, he wants a society like Saudi Arabia All his right are for private property elites. AKA a very nasty political stance, by the old segragationists with glossy vids
I have absolutely no respect for people like you who resort to name calling to support their position. I will no longer respond to you. I actually feel sorry for you. If you can't respect others and be civil in your comments, its obvious that you have no respect for yourself.
"arguing that he was not sure that Bush and Cheney had done anything unconstitutional"...are you serious? Ron Paul railed against the war and said very clearly that Bush had no constitutional authority to invade Iraq.
Thanks for your ad hominem argument. Did you ever try actually presenting a rational case for your viewpoint or do you always just resort to name calling?
Cenk talks about the down-sides of Capitalism quite a bit, but I hear very little about the advantages except for general 'it's human nature' (which I can say about everything).
that's because they can sell the loan, on the other hand you don't Have to pay the loan back either, you can either go bankrupt or default on the Property. the problem starts with making the loan, a person is more likely to default on a loan if they have nothing invested into the property they're buying. that's the reason for the 20% down. next problem is the bank can sell the loan, although I don't blame the bank for wanting to sell a loan when the borrower has no investment in the property...
It's a Bad loan. another problem is the government backing the bad loans. if the person defaults because the property devalues, the tax payer becomes responsible for the loss of the value. I agree it's a bad system.
Hold the borrower responsible for the loan by requiring them to put money into the Property (20%)
Hold the Bank responsible by removing the Government backing this will force the bank to lend wisely.
Yes, reckless no deposit mortgages were only given because they planned on selling them on. There is no reason to even regulate that. You regulate the selling and speculation on assets then other 'behavioural' problems such as reckless sub-prime lending will disappear.
You're the idiot!! I have heard people say stupid things like"I didn't want that car anymore so I gave it back",That means fuck the car payment.Remember Jessie Jackson's million mortgage march.That the type of shit force banks to give loans morons could not possibly pay back.Both parties are responsible for this mess the bank and the borrower.
"I have heard people say..." What?! are you actually using anecdotal evidence? I have heard people in my life say all manner of things which I *could* use by your logic to prove anything.
So far as the loan itself going bad, then yes both parties are to blame.
As for the economy collapsing then that's squarely the BANKS fault. They sold and speculated on the loans all by themselves.
Blaming the borrower for that is like blaming your drug habit on your employer for giving you the money.
When I have a person tell me exactly how he is going to''GET OVER",and the same person explains to me how he does it and then he tells me I am a sucker for paying my bills that is not anecdotal evidence.
This comment has received too many negative votesshow
after hearing cenk's communist manifesto its now safe to say that TYT is as socialist as their fuhrer obama. the fact is the economy collapsed because of obama's enormous taxes which made the companies unable to create a profit so they collapsed, is it a coencidence that within a few months of obama the economy collapsed? and our economy is fine the way it is, if you want a different economy go to north korea, the government is the problem too many democrats and not enough republicans
What? I'm not Pro Obama but you can't pin this on only him, he is just part of a failing system.
this tanking economy goes way back, Forcing a bank to Make a bad loan then having the gov back the failed loan while those responsible for the oversight turning a blind eye is a recipe for disaster.
the only beef I have with Obama is how he's handling the "recovery".
I blame his advisors & the one's he has put in charge more than him (when it comes to the economy), but HE is the one in charge so the buck stops with him
you cant fix capitalism, every few years people are gonna figure out how to destroy the economy again and again. It is about time to move away from capitalism.
@davidpark68 Exactly, move toward socialism. Yeah, crony capitalism is the problem, but all capitalism is crony capitalism. Money=power and you will can use that power to make more money.
You see things your way & I see them Mine. to me Money = Freedom. Government + Power = Slavery. Obviously we need a certain amount of government bound by laws & we have that with a Constitutional Government. when Government is allowed to mingle in the markets we end up with Crony Capitalism which is a Corruption of free Market Capitalism.
@davidpark68 Very true, Money = Freedom. Government + Power = Slavery. Those with money are the masters, and those without are the slaves. Democracy is needed in both the political and economic arenas. A market is not a democracy because it is one dollar, one vote. Watch a great video clip of Chomsky, watch?v=HFxYyXGMfZM
I think i follow you but let me ask a Question. if a person has money because they create (as in Invent) a product or provide a service (as in invent a way to do something) wouldn't it be better for you to work for that person since they are the one's with the Idea, rather than to just take their money? once the money's gone your left with nothing, not even the means to earn more? as far as the Video, I'm not sure of the point he was trying to make. will watch it again later, need sleep, G nite
Reagan, Clinton, Bush II and, now, Obama are all one and the same. Do you think Obama actually has the masses' back at this point. If he did he would have simply banned naked credit default swaps...
Don't forget, Clinton reigned when Glass Steagall was gutted. That's a big part of why we're in this mess.
The repeal of Glass Steagall is the main reason we are in this mess, period. Basically modern politicians should never fuck with anything FDR did, because he unlike todays politicians knew what the was doing.
There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
Cenk's financial recovery plan is full of hogwash! This is NOT what this country needs! This country needs Palinomics for it has the DIVINE BLESSING and SUPREME HEALING and PURIFYING POWER OF GOD HERSELF! We need President Sarah Palin so that she can implement and enact Palinomics! The whole world economy will thrive like never before! Palinomics will surpass Reaganomics and Clintonomics for both Reagan and Clinton are Palin's DICKLESS and BALLESS BITCHES and PUSSIES!
government takes care government and companies, the rest of us just have to live with the leftovers
HurryingFever1 7 months ago
@mopsius
so how does a farmer or a corporation hedge the price or credit risk without the risk being transferred elsewhare?
jpkm123 1 year ago
Cenk for president 2012
CommandoDude 1 year ago
Hamilton's 3 point plan again?
maybe?
lemar57 1 year ago
you believe in the system? you believe there is a structure? pull your head out of your ass! they make the rules as they go along to suit their needs! asshole!
DaAlphaOmega 1 year ago
the FED is a private corporation.. it is not in anyway part of the government ..it is owned by private banks ..the government does appoint he chairman and the governors but they are appointed by the corporate insiders that work in the government ..the good ole revolving door
xadam2dudex 2 years ago
50% is ok but 51%+ would be better..
xadam2dudex 2 years ago
boom boom pow soon usa will fall into economic despair and belarus will be the most stable economy in europe, now thats fucked up people!
Cppinne 2 years ago 2
@mopsius What :D You my friend have not listened to Friedman very well then.
Minkki82 2 years ago
point number one sucked. cenk go listen to milton friedman, more regulations do not make a better market place
Minkki82 2 years ago
simply-no
AlexBlondie92 2 years ago
IN RESPONSE TO YOU CLEVER PEJORITIVE COMMENT: I think you know its not. Don't embarrass yourself, you have been reasonably dignified up until now don't get petty.
AlexBlondie92 2 years ago
lets stop this abuse now, i admit i probably started it but: Young and cocksure? What the fuck is that? the one that offended me the most was SLOW! this is a joke! i am sorry i accused you of being an arrogant blow hard, this was merely a vain attempt to get you to respond directly to what i had asked you. If you are not going to respond then im off to bed. its half 3 in the morning here and i have college in about 5 hours
AlexBlondie92 2 years ago
"...i have heard before or (most significant here) is irrelevant ". I have already offered you plenty of things for you to respond to and you have failed to respond coherently, thus my frustration. "YOUNG AND COCKSURE"? not only is this incredibly patronising (using my age to undermine me) but i have been the exact opposite of cocksure. I was asking you questions in an attempt to try and understand your point of view..........
AlexBlondie92 2 years ago
Free Markets with a Constitutional Federal Government., the rights that are not enumerated in the Constitution remain with the state. if you don't agree with the state you live in, vote with your feet
No Government is Anarcho-capitalism.
Your right IMO on the enforcing state. you would need a Judicial system to enforce contracts.
they didn't buy it , they took over the monetary system & stole it.
davidpark68 2 years ago
i am trying to see your perspective. I agree with alot of what you are saying but you are spewing all sorts of stuff i already know, have heard or is irrelevant to what i have asked you. You seem to me like an arrogant (perhaps well-read) blow hard who takes pleasure in citing lots of philosophers and thinkers and ramming your well rehearsed rhetoric down peoples throats and expecting us to be grateful you did. This is a purely selfish "look at how clever i am" exercise for you
AlexBlondie92 2 years ago
IF YOU ARE NOT HERE TO WIN PEOPLE OVER THEN WHY ARE YOU HERE? WHAT IS THE POINT? at not point have i advocated intervention capitalism or endorsed bernstein and will never advocate fucking tony blair. Why do you keep saying these things, answer my questions.
AlexBlondie92 2 years ago
This has been flagged as spam show
FROM AN EARLIER COMMENT OF MINE DIRECTED TO YOU: "i would also recommend (if you are trying to win people over) not being so.....hostile? and don't use obscure terms like "crypto-calvinist" it just alienates people, no one is impressed. If you are not trying to win people over i would ask you the question; what are doing here"?
You have answered my question as to why you think "debating" is futile but surely that is what you are doing right now, with all these people on youtube
AlexBlondie92 2 years ago
TO YOUR "ARGUEMENT AND DEBATE OVER COMMENT" : i don't know what your trying to say, you certainly haven't responded to my criticisms or my questions
TO YOUR DIVINITY SCHOOL COMMENT: no i'm not, what is it?
AlexBlondie92 2 years ago
you don't need to tell me this, preaching to the converted
AlexBlondie92 2 years ago
Thanks, but since you are talking about the History of copyrights got me thinking about patents
were you talking about the history of patents or the Governments abuse, favoritism & theft (actually the Military Industrial Complex does the Theft) of patents? in my Research of Stan Meyers I ended up doing some research into Patents
davidpark68 2 years ago
i am no trotskyite. I'm sorry I should have clarified. i am a socialist, marxist ect and that is what i meant by "we" in an earlier comment. I am willing to be convinced.
i would also recommend (if you are trying to win people over) not being so.....hostile? and don't use obscure terms like "crypto-calvinist" it just alienates people, no one is impressed. If you are not trying to win people over i would ask you the question; what are doing here?
AlexBlondie92 2 years ago
Socialism and Marxism are totally different.
IFloridaMotocrossI 2 years ago 7
what!? i know this, i am both.
AlexBlondie92 2 years ago
totally different?
AlexBlondie92 2 years ago
Yeah, pretty much.
Socialism is a complete command economy with all resources being allocated by the government.
True Marxism has no government, but has all individuals labor, produce goods and services, put them in a pot, and then everyone takes a share of which they need. It's closer to anarchism then Socialism.
That's a particular contrast that my economics professor pointed out, which I'm not entirely sure is even correct.
From her perspective anyway, they are very different.
IFloridaMotocrossI 2 years ago
its not, there is no economic system known as marxism. socialism is an economic system derived from Marxist philosophy.
AlexBlondie92 2 years ago
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you, SIR, have obviously never read the works of one of the FOUNDING FATHERS - Mark Twain!!!! He says this and I think you should really think about it and start doing it!!! MORAN!!!
"It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."
- Mark Twain
JimmyGobright 2 years ago
@JimmyGobright
"FOUNDING FATHERS - Mark Twain!!!!"
Really? Mark Twain who was born in 1835 which was 59 years after the declaration of independence was signed is a founding father?
"MORAN!!!"
Irony FTW
*Looks at your profile*
Oh you're a Fox fan. That explains it.
Really man quit watching Fox and go get an education
ViciousRanger 2 years ago
true.. socialism is an economic system in which the MAJOR industry / resources are controlled by the government such as oil electric power generation water etc.. it does not control all aspects of an economy..a marxist system more commonly called a communist system would control all industrial production and resources.. private ownership is not allowed even the home u live in would be owned by the government..a democratic socialist government has all the rights of ownership
xadam2dudex 2 years ago
Yes, plus Socialism has a lot of leeway along the spectrum. The two extremes, Capitalism and Communism, don't have any room for revision, which is why they are both outdated and failed systems.
Personally, I am a Keynesian, which is a little more toward the Capitalist side of the spectrum than Socialism.
IFloridaMotocrossI 2 years ago
you haven't addressed my point. Even if you are right and human nature is determined by culture surely it is counter productive to be sooooooo aggressive towards people who have obviously never been presented with the real alternative to capitalism
AlexBlondie92 2 years ago
Your hard to follow
US Capitalism is capitalism by name only, we covered that
I read up on the patent law when I did some research on Stan Meyers. I agree
Haven't looked into copyrights so you got me on that
Where do you stand on Big Government?
if you know of the corruption of Big Government, I can't see why you would advocate it.
davidpark68 2 years ago
WOW, trotskyite politics coming from an American! have you no hope we can win the American people over with the strength of our arguments as opposed to what you are suggesting which is, as far as i can tell, revolution. Yes, the bourgeois control the media and the education system. They have neutered peoples ability to see through the flaws in the capitalist economic system by feeding them myths and not providing them with the other side of the argument but if we have seen through it why...
AlexBlondie92 2 years ago
can't they? another point i put to you. If you think (and i paraphrase) "greed is a product of the capitalist economic system" and therefore it is in human nature to be good and kind to each other surely your militant anger at people still bound in thinking by false consciousness is not only unpleasant but counter-productive to the left wing cause?
AlexBlondie92 2 years ago
OK, assuming the created product was sold.......
Not following you on the rest, this is the typical order of how it's done but obviously not the only order. you could steal someone's Idea or infringe on someone's copyrights.
davidpark68 2 years ago
Regulating derivatives is the red herring to the major issue in our economy. The real solution is to regulate the Fed and the US Treasury. It would force investors to make smarter decisions. Allowing the Fed to provide a safety net for these risky derivatives is going to continue the problem...not solve it. Regulation is needed but you wish to regulate the effect of the problem and not the cause of the problem; end the Fed and resort to commodity backed money and we have solved the problem.
Buergs323 2 years ago
@mopsius
lol no.
thnks professor youtube comment
Divigen 2 years ago
The fed is a private banking system, and the ,money they make goes to the owners of the 13 banks
MrHr1207 2 years ago
hey cenk we are not a democracy.,never was and never will be
MrHr1207 2 years ago
Not a bad list. I would add quit printing money. And the biggest underlying problem that fixes most of your list by default. Have the IRS and GAAP change to asset based accounting. When American's quit rewarding leverage, most financial corruption will stop. It doesn't hurt small biz and the middle class because they use assets to generate productivity. It promotes the Warren Buffets and Bill Gates types because they prefer tangibles. Most importantly, it destroys the parasite class.
imataxslave 2 years ago
Actually, I like debate, win or lose. I just don't like Vague statements. I respect peoples point of view, just set me on the path you followed to come to it. both of us reviewed the facts available that led us to our own conclusions. Maybe just different facts. I understand facts don't change, but I doubt either of us has all of them. I doubt ANY of us has all of them the way business is conducted in DC.
davidpark68 2 years ago
Religion came first, then Nations, now Corporations.
The only problem is that we can't vote out CEO's.... you can vote out elected officials, but not CEO's.
Joxman2k 2 years ago
@Joxman2k in many companies that are publicly owned, the CEO is elected
jmhowell70 2 years ago
We are not born greedy or materialistic, we become so under capitalism.
amyleesilent 2 years ago
I call it Crony Capitalism, but your term definitely describes the situation. either way it's a far cry from free market capitalism.
davidpark68 2 years ago
But I do agree that we need more accountability to shareholders.
I personally just dont buy shares of these crazy banks.... Thats whats great about capitalism. You dont like it? Dont buy it.
chaseef 2 years ago
But a blind man could see that the problem is the government, not capitalism.
chaseef 2 years ago
Cenk, the reason you have so much GREED is because the govt has been systematically removing RISK from the system for decades.
Federal Reserve (Lender of last resort), FDIC, Government bailouts, Artificially low interest rates etc...
The financial sector has more regulations now than any time in history, and you think the problem is too few regulations???
No, you just should have let them fail to begin with.
Im not a crazy conservative who is ideologically opposed to all regualtion.
chaseef 2 years ago
well said
stix42k 2 years ago
Harsh. More selling hope. People don't tune in to here bleak news. They want hope or at least a optimistic attitude.
If he just said "Hey, its TYT folks I got news:
The growth of the economy since the late 70's has been based on credit. The economy is a massive bubble in of itself.
Human beings are irrational bigots who will rather remain steadfast to religious nonsense than face the facts of reality.
Star trek is a lie.
The End"
He would get no audience and have no job.
CmdrTobs 2 years ago
Problem is for that we need more exploration rigs. The industry that made them disappeared with the decline of the steel industry.
Given that they take a year or more to build each its no more than a fall back plan.
Not to mention saudi Arabia contracted all the firms that make rigs to make drilling rigs for them. They have tripled there active rig count 3x in the last few years just to say flat in output O-o now that's scary....
CmdrTobs 2 years ago
Drilling will only help in that it will make good the declines in flow rate of Alaska.
CmdrTobs 2 years ago
Agreed. Just go down high-street and not one thing on sale outside jewellery is designed to be kept more than 10yrs.
Before just 10 years ago almost no effort was even made to recycle any of it after we throw it away.
That is terribly damning too imo.
CmdrTobs 2 years ago
They just want a business model for the future to attract investors to get paid. Again Friedman said ".....
The biggest lunacy of all is the nonsense they peddle every now and again of running cars of hydrogen fuel cells or simply burning hydrogen in the engine.
Biofuels are bad enough, but reorganising the economy and building infrastructure around a phantom of a fuel is absurd. But if they convince the brain dead market investors that could be our future....
CmdrTobs 2 years ago
While, I agree with most of Cenk's points - he forgot an important Rule #6 - no bonuses. Bonuses are huge reason why executives ran amok. Of couuuuuuuuurse, executives would take huge leveraged risks because they cash out their bonuses and no one can touch them. Look at all the hoopla going on right now with respect to banks paying out bonuses. Also, the FED is a private institution so it doesn't have to be transparent - it's owned by PRIVATE shareholders.
northxnorth2 2 years ago
bonuses were a proximate cause, a very proximate cause in fact. It would be better to adjust the system of shareholders which cenk mentioned.
Once the owners of a corps capital have a bigger say they will naturally make decisions to avoid collapse. Hell, bankers themselves probably would not earn more than a similarly skilled accountant. Its amazing how little a successful company pays in dividends these days as opposed to what the board is paid.
CmdrTobs 2 years ago
Yes its important for everything, having said that oil for transport is around 70% of the barrel.
Yeah, I would rather have the fertilisers insecticide and drugs and walk to work. Having said that, we have stupidly started to ship all these things over the years in trucks rather than coal or electric trains.
I compeletely agree with gasonline being the least important and that's part of the reasoning for starting with commuter vehicle efficiency.
CmdrTobs 2 years ago
Does the US even have that power? Wouldn't people in saudi still price oil in $'s even if the US didn't.
Also I think it would be terrible as it would compromise the $'s use as a reserve currency which is essential for US gov borrowing, particularly at the awful interest rates the bonds are sold at.
CmdrTobs 2 years ago
Problem is all the estimates for the outer continental shelf are bleak relative to the ravenous US demand. Its been calculated the OCS will add to flow rate what could be saved if every car used the correct tire pressure as I mentioned.
The only way out is to take a server bite out of demand. I.E to try and grow the economy for the future while remaining flat for a few years then decrease.
Look up the OCS estimates, there all terrible once you factor in current consumption rates nvm growth.
CmdrTobs 2 years ago
What also annoys me is the "wall st" confidence expectation that the PLC model encourages.
Companies must be seen to grow profits at several points above inflation to not be considered to be 'failing' and thus devalued.
Which comes back to the argument of PLC Health insurance companies that have increased profits 100%+ over the last 10years just to meet the "market expectation". Even though such a industry in reality should ONLY be able to grow at population growth rates....
CmdrTobs 2 years ago
Yeah, I am not denying banking these days is the revival of Friedmans ideas: "Its the duty of every company to do anything it can to increase profits" which has contributed to the "retailization" you mention.
Because of the bonus' and the PLC model this means banks would rather use its capital to speculate rather than make safe loans at low interest rates.
CmdrTobs 2 years ago
I don't think that would help. US is a massive net importer of oil. I fully agree with you that oil price rises for the last 10yrs are little to do with speculation and everything to do with supply/demand.
The US needs to learn how to get much more GDP per barrel. Its going to have to do this while coming out of recessions.
I would enact a tougher MOT. US cars waste so much gas because of low tire pressure etc... The avg eff. is terrible.
CmdrTobs 2 years ago
Well Cenks views are not wrong per se, its that they would never get past the policy makers for reasons you just outlined.
Though its important that more people think these things, because then they'll realise that what needs to be done is unimplementable in the current system.
Then they can understand the need for large restructuring. That's ultimately why Cenk is 'right' for saying this.
The half the public isn't even opinion neutral, they sincerely believe 'over regulation' was to blame.
CmdrTobs 2 years ago
What everybody going nuts about derivatives fail to realise one thing.
They are ALL about transfer of risk.
If a commoditiies producer wishes to hedge the price they will pay / receive for the commodity, someone else has to take the risk of price fluctuation unless we are going to insist that only other industrial users take the other side of the deal. this would completely stymie the effectiveness of the market in trasferring risk
jpkm123 2 years ago
Yes there is always a bigger picture .... but I am talking proximately here.
This is a classic case of those with wealth/power misdirecting blame at a highly visible group.
Take a hard-working person who is not too bright and its easy to convince them that the benefit slob down the road is the cause of all their ills and they will belive it.
Understanding the main reasons for problems is quite hard and so undesirable for many.
Conservatism amongst the lower classes depends on this concept.
CmdrTobs 2 years ago
Now I understand everyone's shit's emotional right now. But I've got a 3 point plan that's going to fix EVERYTHING!
Number 1: We've got this guy Barrack Obama. Number 2: He's got a higher IQ than ANY MAN ALIVE. and Number 3: He's going to fix EVERYTHING.
VictoryCough 2 years ago
that's why the new world order will be democratic socialism :)
peterpresa 2 years ago
Investors paying the rating agencies doesn't fix anything. Investors will pay agencies that will run up the ratings so they can sell at a profit.
vitaminart 2 years ago
Liar.
jimisback 2 years ago
This has been flagged as spam show
There is a rather large nationwide group of folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians whom wish to affirm or reaffirm their oath to the constitution. I encourage anyone who cares about their freedoms to check the Oath Keepers out online.
MrPertinacious 2 years ago
How about this as well...
Take power from corporations - they have too much power. Because Corporations are considered 'persons' like You and me, they can conjugate to lobby to politicans (do what we want and you will get money and a seat in politics) and avoid legal trouble if the corp did something wrong.
And give power to print money back into hands of govt, not the federal reserve.
calladuz 2 years ago
Proving I'm wrong or your right however you want to look at it
I'm not looking for a free Lunch, I'm calling you on trying to feed me BS. your not getting out of this with your Vague statements. back them up or bail
davidpark68 2 years ago
Then by all means set me straight,
supply your links.
davidpark68 2 years ago
BS Wiki "Community Reinvestment Act" follow it through
CRA Supported real estate by allowing Loans to People who couldn't afford them.
This isn't support, this is inflating a bubble.
also the fed keeping Interest rates as low for as long as they did had alot to do with it.
What Is A Moral Hazard ?
watch?v=RpRsaCo_TmI
Free Market Failed Us Or was it Monetary Policy the FED and Fannie Mae etc
watch?v=J0B1hI86RQA
..................
davidpark68 2 years ago
BTW the Right tried to Regulate fanny & freddy
Fannie Mae/Freddie Mac Hearings 2004
watch?v=Yga7TlsA-1A
now supply your links
davidpark68 2 years ago
Three words; Glass Steagall Act.
Or lack thereof.
research why was it rescinded, who did it, and when.
Fanny and Freddie are small parts of the collapse.
snowbaordguru 2 years ago
"introduced in the Senate by Phil Gramm (R), House by Jim Leach (R) signed into law by President Bill Clinton"
Bipartisan approval, Got it
again, as long as the US taxpayer will be forced to bail out banks it will encourage banks to take on Risky Loans & give those Bad mortgages value. do you think those bad loans could be sold if they weren't backed?
What Is A Moral Hazard ?
watch?v=RpRsaCo_TmI
davidpark68 2 years ago
Fanny & Freddy Continue to be a Major problem
"In February 2009, Ben Bernanke stated that securitization markets remained effectively shut, with the exception of conforming mortgages, which could be sold to Fannie Mae and Freddie Mac"
search Fannie Freddie Blank check
the collapse ain't over yet
davidpark68 2 years ago
"In 1995, the GSEs like Fannie Mae began receiving government tax incentives for purchasing mortgage backed securities which included loans to low income borrowers. Thus began the involvement of the Fannie Mae and Freddie Mac with the subprime market. In 1996, HUD set a goal for Fannie Mae and Freddie Mac that at least 42% of the mortgages they purchase be issued to borrowers whose household income was below the median in their area. This target was increased to 50% in 2000 and 52% in 2005. ....
davidpark68 2 years ago
......From 2002 to 2006, as the U.S. subprime market grew 292% over previous years, Fannie Mae and Freddie Mac combined purchases of subprime securities rose from $38 billion to around $175 billion per year before dropping to $90 billion per year, which included $350 billion of Alt-A securities. Fannie Mae had stopped buying Alt-A products in the early 1990s because of the high risk of default. By 2008, the Fannie Mae and Freddie Mac owned, either directly or through mortgage pools .........
davidpark68 2 years ago
...... they sponsored, $5.1 trillion in residential mortgages, about half the total U.S. mortgage market. The GSE have always been highly leveraged, their net worth as of 30 June 2008 being a mere US$114 billion. When concerns arose in September 2008 regarding the ability of the GSE to make good on their guarantees, the Federal government was forced to place the companies into a conservatorship, effectively nationalizing them at the taxpayers' expense"
davidpark68 2 years ago
Kind of funny how Banks were all of a sudden allowed to own other forms of financial tools, and all of a sudden the fincial sector collapses. The Part of the Glass Steagall Act I was talking about was how Banks were not allowed to create Mortgage backed securities, or credit default swaps. Repealed in 99' by repubs and a Clinton and 10 years later there is a collapse, when there hadn't been a problem for what...70-80- some years, minus the S&L crisis under Reagan.
snowbaordguru 2 years ago
Do you understand that none of that matters if you stick to the Principals of free market. If not backed by the Government, who would lose money? You or me? not unless we Invested in Mortgage backed securities or credit default swaps. but then we do so with the understanding that we could win Big or Lose Big, but we do so at our own risk.
davidpark68 2 years ago
Don't talk about a free market unless you mean completeley free, i.e. no regulation what so ever, domestic or foreign imports, no subsidies for farmers, or minimum wage. Those two things keep America from becoming a second or third world country. For capitalism to work someone has to fail.
snowbaordguru 2 years ago
@snowbaordguru a free market means a second or third world. Look at Indonesia, a pretty free market and there is massive poverty. Haiti has had the free market shoved down their throat and it is the poorest nation in the hemisphere and it just got devastated. Free markets are good for the rich and only the rich.
rring88 2 years ago
"Indonesia has the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods....."
Wiki
Why would you call Indonesia a free Market?
davidpark68 2 years ago
Haiti on the Other hand..........Where to start. I had this discussion with a Gent on another board. this runs deep.
Sanctions, Government involvement (their own & the ones that want to "Help" them) & Corruption. that coupled with a streak of bad luck with the weather would disqualify them from being considered Free market. they live by the sea but few fish, have fertile land but rely on imports.you have to want a market to start with.
davidpark68 2 years ago
My point was we have never actually had a free market. I mean in the sense of no goverment control.
snowbaordguru 2 years ago
They have those in parts of Africa and the Middle east. I don't think those types of Markets are really something I want. Going through life asking, Is my car going to die because of the gas I just put in, Will my kid get sick from this milk, etc. Please don't tell me about rating agencies and court justice. That has never worked at a large scale.
snarkwaupaca 2 years ago
That was the central theme to my statment, you made my point for me.
I was reffering to the U.S. capitalist system in hyperbole. All you hear from the right wing is how much capitalism and the free market has helped everyone, I was pointing out that the U.S. has never had a free market and barley has captialism. How about protectionism for Americas workforce and goods we produce?
snowbaordguru 2 years ago
@snowbaordguru 1000 apologies, I mistook you for a libertarian. The statement "there have never been free markets" line threw me. Usually that is the libertarian justification for why their political theory never worked. Sorry.
snarkwaupaca 2 years ago
Free as in no Government Intervention. the Government Creates Distortions in the markets.
Funny you should bring up the Minimum wage, look up Samoas Minimum wage & what we did by trying to interfere with their markets.
you look at the amount of money you get as a wage, I look at what you can buy with that wage.
Another Interesting commentary
"Federal Reserve needs to cut US Dollar in half over next 14 years"
watch?v=0-ZZFmKFk1s
davidpark68 2 years ago
That means the Minimum wage will have to double to keep pace, but that would defeat the purpose.
Brace yourself, if they collapse this dollar you'll see true free markets pop up in the form of flee markets.already happening in my area. cost of doing business is too high because of taxes & regulations. I wonder what the new currency will be?
davidpark68 2 years ago
free trade is causing us to become a third world,aka lost most of our manufacturing and there is nothing wrong with failure,aka learn from your mistakes
MrHr1207 2 years ago
Isn't it funny the last two major crisis where the public had to bail out the fincial sector was under republican rule.
snowbaordguru 2 years ago
Your assuming the Private sector "had" to bail out the Financial sector, how about not bailing anyone out.
davidpark68 2 years ago
how about everyone outraged by the companies paying outrageous salaries stop guy stocks in those companies
Also we can all stop paying attention to the rating agencies. Vote with your money and so enough those companies would have to change their practices or wait for another bailout :)
uche007us 2 years ago
This has been flagged as spam show
There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
MrPertinacious 2 years ago
@ mopsius
Can you try and 'fill up' posts you make.
You make some interesting points that would be better grouped as one post.
Plus it makes the channel easier to follow than a 2 page spread of one liners.
CmdrTobs 2 years ago
What would that do?
CmdrTobs 2 years ago
There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
MrPertinacious 2 years ago
Unfortunately as an ideology it does appear to translate to to that in reality.
Kinkspace 2 years ago
actually no ideology can be translated into reality. the problem is that the real world is so complex but the best socio-political models dont even take into account most of the variables.
thesparitan 2 years ago
in the college environment i usually hear students, and often teachers touting socialism. i find it interesting that you are pro-capitalism, but with an ideal of much broader regulation. i thought the idea sounded credible. i would love to see why you disfavor socialism in favor of regulated capitalism. it'd be relevant to your liberal, college-age viewers, who i am sure makeup a big chunk of your audience.
soupsoup12 2 years ago
true, but i think we should push capitalism as far as we can while we solve the problem of governence and form newer modes of political systems. my geuss is we are going to one day be a anarcho-something system. capitalism is killing the earth and we need a new paradigm. i do think that cenk is to lazy intellectually to think past what he was born into and lives in. its not easy but it is logical and rational to beyond what is.
thesparitan 2 years ago
i just realized that you have sent like 5 comments to me, and i still have no idea what you are saying.
i'm so confused, i know your trying to saying something important. look keep on the good work but your going to have to have more context in your comments. i have no idea what just happened
thesparitan 2 years ago
what, i dont follow what you mean. are you trying to insult me or something. thats weird i thought i was complementing you. wait ok i am confused, what are you trying to say.
thesparitan 2 years ago
ooooo your smart. someone been reading some books on anarchism lol. humboldt , maybe some chomsky, or some russell. well said good sir well said you silly anarchist you. that was almost poetic.
thesparitan 2 years ago
Moron the point of Capitalism is very limited control by the Govt. and more by the people. Now if you were such a Capitalist as you say you were then open your eyes and ears and see that the liberal party is pushing guess what NOT capitalism but rather socialism.
Randomman310 2 years ago
the people dont control capitalism. even the original thinkers on the subject thought a system based on the free market would be worse then slavery, or feudalism. classical liberalism was not pure capitalism, in fact i believe today knowing what we know now, they would be more socialistic and anarchistic in there ideas. for example a corporation is a living human with all the rights we have, but is immortal and without emotions. its also a complete tyranny. its not a democracy.
thesparitan 2 years ago
I disagree... Derivatives and CDSes are both unnecessary. The money that banks have is money that belongs to other people, and they gamble with it. Gambling with other people's property is highly un-capitalistic.
dEdGrimley 2 years ago
@mopsius And tell me why?
ROPdude 2 years ago
marsCubed 2 years ago
very true.
thesparitan 2 years ago
This dumbfuck embarrasses himself everytime he posts a video.
ROPdude 2 years ago
@mopsius *laughs*
And where did you get THAT information from? Site the source.
ROPdude 2 years ago
I have absolutely no respect for people like you who resort to name calling to support their position. I will no longer respond to you. I actually feel sorry for you. If you can't respect others and be civil in your comments, its obvious that you have no respect for yourself.
StepUPNJ 2 years ago
"arguing that he was not sure that Bush and Cheney had done anything unconstitutional"...are you serious? Ron Paul railed against the war and said very clearly that Bush had no constitutional authority to invade Iraq.
StepUPNJ 2 years ago
Thanks for your ad hominem argument. Did you ever try actually presenting a rational case for your viewpoint or do you always just resort to name calling?
StepUPNJ 2 years ago
If these were enacted today it would be declared a national holiday
omgcheez 2 years ago
Cenk talks about the down-sides of Capitalism quite a bit, but I hear very little about the advantages except for general 'it's human nature' (which I can say about everything).
churchofstfu 2 years ago 2
Ending the Federal Reserve should have been #1 on the list. After that his ideas are more or less ok.
jalbertochavez 2 years ago
There is this ending central bank conspiracy on the net. more make it public and accountable. Given the current system it IS needed.
CmdrTobs 2 years ago
let me inject point 4.20...LEGALIZE POT!...use the tax proceeds for "green" projects...please people, how many times do I need to say this?...
MississippiBlueDog 2 years ago 2
This comment has received too many negative votes show
HAHA!
this fat liberal slob is a fucking idiot. how about you keep your socialist wealth redistributing grubby hands away from capitalism.
stick to what you know best like the 5 best ways to blow up an airplane you fucking filthy muslim terrorist symapthizer.
FILTHY UNAMERICAN LIBERAL SCUM!
frictionRx5 2 years ago
lawltroll
kornflayx 2 years ago
@tehant1liberal, you're truly clueless about what brought the economy down.
@arodaman, love it!
larrygentry 2 years ago
Cenk is right on this time.
chairde 2 years ago
END THE FED
kobil316SH 2 years ago 4
If you make a loan you have to keep a loan.How about if you take a loan you have to payback a loan?What a fucking moron this Turk is!!
xxdonaldqxx 2 years ago
That already is the rule idiot, if you make a lone you HAVE to pay it back.
The point is they are deliberately making loans they don't care whether people can pay back.
CmdrTobs 2 years ago
that's because they can sell the loan, on the other hand you don't Have to pay the loan back either, you can either go bankrupt or default on the Property. the problem starts with making the loan, a person is more likely to default on a loan if they have nothing invested into the property they're buying. that's the reason for the 20% down. next problem is the bank can sell the loan, although I don't blame the bank for wanting to sell a loan when the borrower has no investment in the property...
davidpark68 2 years ago
It's a Bad loan. another problem is the government backing the bad loans. if the person defaults because the property devalues, the tax payer becomes responsible for the loss of the value. I agree it's a bad system.
Hold the borrower responsible for the loan by requiring them to put money into the Property (20%)
Hold the Bank responsible by removing the Government backing this will force the bank to lend wisely.
davidpark68 2 years ago
Yes, reckless no deposit mortgages were only given because they planned on selling them on. There is no reason to even regulate that. You regulate the selling and speculation on assets then other 'behavioural' problems such as reckless sub-prime lending will disappear.
CmdrTobs 2 years ago
Yeah I know Thats what I was highlighting to xxxdonaldqxxx its like he lives in a different universe
CmdrTobs 2 years ago
You're the idiot!! I have heard people say stupid things like"I didn't want that car anymore so I gave it back",That means fuck the car payment.Remember Jessie Jackson's million mortgage march.That the type of shit force banks to give loans morons could not possibly pay back.Both parties are responsible for this mess the bank and the borrower.
xxdonaldqxx 2 years ago
"I have heard people say..." What?! are you actually using anecdotal evidence? I have heard people in my life say all manner of things which I *could* use by your logic to prove anything.
So far as the loan itself going bad, then yes both parties are to blame.
As for the economy collapsing then that's squarely the BANKS fault. They sold and speculated on the loans all by themselves.
Blaming the borrower for that is like blaming your drug habit on your employer for giving you the money.
CmdrTobs 2 years ago
When I have a person tell me exactly how he is going to''GET OVER",and the same person explains to me how he does it and then he tells me I am a sucker for paying my bills that is not anecdotal evidence.
xxdonaldqxx 2 years ago
I have a feeling this Turk has never even been in charge of a lemonade stand yet many boobs on this page think he has great ideas.
xxdonaldqxx 2 years ago
This comment has received too many negative votes show
after hearing cenk's communist manifesto its now safe to say that TYT is as socialist as their fuhrer obama. the fact is the economy collapsed because of obama's enormous taxes which made the companies unable to create a profit so they collapsed, is it a coencidence that within a few months of obama the economy collapsed? and our economy is fine the way it is, if you want a different economy go to north korea, the government is the problem too many democrats and not enough republicans
tehant1liberal 2 years ago
The economy had "collapsed" before Obama took office. Check your facts, the recession began in 2007, before Obama even took office.
RckLbstr 2 years ago 2
Fail moron is fail. Recession started before Obama.
EricBoisen 2 years ago
What? I'm not Pro Obama but you can't pin this on only him, he is just part of a failing system.
this tanking economy goes way back, Forcing a bank to Make a bad loan then having the gov back the failed loan while those responsible for the oversight turning a blind eye is a recipe for disaster.
the only beef I have with Obama is how he's handling the "recovery".
davidpark68 2 years ago
I blame his advisors & the one's he has put in charge more than him (when it comes to the economy), but HE is the one in charge so the buck stops with him
davidpark68 2 years ago
you cant fix capitalism, every few years people are gonna figure out how to destroy the economy again and again. It is about time to move away from capitalism.
rring88 2 years ago
"move away from capitalism" to what? socialism?
Problem is we don't have capitalism, we have crony capitalism.
Big Government isn't the answer, it's the Problem.
davidpark68 2 years ago
@davidpark68 Exactly, move toward socialism. Yeah, crony capitalism is the problem, but all capitalism is crony capitalism. Money=power and you will can use that power to make more money.
rring88 2 years ago
You see things your way & I see them Mine. to me Money = Freedom. Government + Power = Slavery. Obviously we need a certain amount of government bound by laws & we have that with a Constitutional Government. when Government is allowed to mingle in the markets we end up with Crony Capitalism which is a Corruption of free Market Capitalism.
davidpark68 2 years ago
@davidpark68 Very true, Money = Freedom. Government + Power = Slavery. Those with money are the masters, and those without are the slaves. Democracy is needed in both the political and economic arenas. A market is not a democracy because it is one dollar, one vote. Watch a great video clip of Chomsky, watch?v=HFxYyXGMfZM
rring88 2 years ago
I think i follow you but let me ask a Question. if a person has money because they create (as in Invent) a product or provide a service (as in invent a way to do something) wouldn't it be better for you to work for that person since they are the one's with the Idea, rather than to just take their money? once the money's gone your left with nothing, not even the means to earn more? as far as the Video, I'm not sure of the point he was trying to make. will watch it again later, need sleep, G nite
davidpark68 2 years ago
Not Crony Capitalism,
Social Corporatism,
So by logical deduction, your advocating Anarchism? Anarchy is the opposite of government...correct?
snowbaordguru 2 years ago
How about we try a Constitutional Federal Government. one with minimal Interference into our lives.
davidpark68 2 years ago
The plan should go something like this.
1. Conservatives shut the fuck up
2. Conservatives sit the fuck down
3. Conservatives get out of Obamas way
4. Democrats grow a spine
5. Let Obama enact the same Clintonomics that pulled us out of a recession caused by 12 years of Reaganomics
arodaman 2 years ago 7
@arodaman Amen! A-fucking-men!
Airbag360 2 years ago 3
I think all that is needed is number 4: "Democrats grow a spine"
Once all of them do that the Republicans will curl up in shame from what they have done and are doing to the country.
karlsantos 2 years ago 3
Reagan, Clinton, Bush II and, now, Obama are all one and the same. Do you think Obama actually has the masses' back at this point. If he did he would have simply banned naked credit default swaps...
Don't forget, Clinton reigned when Glass Steagall was gutted. That's a big part of why we're in this mess.
MrBigwong 2 years ago 2
The repeal of Glass Steagall is the main reason we are in this mess, period. Basically modern politicians should never fuck with anything FDR did, because he unlike todays politicians knew what the was doing.
arodaman 2 years ago 3
what will then happen to the books of those comapanies that have Credit Default Swaps? Banning them would have exasserbated the problem even longer.
snowbaordguru 2 years ago
@ecwaufisxtreme is what you said meant to be serious?
JAR2369 2 years ago 2
@JAR2369 ecwaufisxtreme is our village idiot....
NaomiClareNL 2 years ago 2
more like the village troll lol
sxer99 2 years ago
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There is a rather large nationwide group of non-partisan folks from every state you may wish to check out called the Oath Keepers whom are strictly constitutionalists and will protect the rights and freedoms of the citizens. They are comprised of military folks former and present, police, firemen, civil servants and civilians. I encourage anyone who cares about their freedoms to check them out online.
MrPertinacious 2 years ago
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Cenk's financial recovery plan is full of hogwash! This is NOT what this country needs! This country needs Palinomics for it has the DIVINE BLESSING and SUPREME HEALING and PURIFYING POWER OF GOD HERSELF! We need President Sarah Palin so that she can implement and enact Palinomics! The whole world economy will thrive like never before! Palinomics will surpass Reaganomics and Clintonomics for both Reagan and Clinton are Palin's DICKLESS and BALLESS BITCHES and PUSSIES!
ecwaufisxtreme 2 years ago
@ecwaufisxtreme Nice use of sarcasm.
makaisenki 2 years ago