Ravi Batra Talks About The Economic Meltdown (1/4)

[artbiz45]

there is no doubt that the Fed Knows exactly what are they doing and that is to take this country down the tube. But why and what is the reason?

[letnamsiew]

BUSH NEW BOOK CAN BE FOUND IN BOOK STORE"S CRIME SECTION !

[elizabethgrot1]

if productivity rises. then cost should go down. and there is no need to raise wages. unless there are resource limitations. but since there is often cost of living inflation, wages should rise. what the goal at this point? secotorial selfsufficientcy or global trade and diversification and distribution of labor?

[torque122]

Best author of economics on the planet-Ravi Batra. Buy every book you can that he has written. Particularly 1. The Myth of Free Trade, 2. Greenspan's Fraud, 3. The New Golden Age.

They are the best GIFT you can make to any family member or friend for b-days or holidays. This country needs reeducation QUICK.

[stevesurv]

@CGC19 Perhaps...but is he right?

[chaseef]

Libertarians believe gold and silver should be money. The government debt financing never would have occured if Greenspan was really a libertarian.

He used to be apparently; but certainly not while he was fed chairman.

[tymjar]

Federal Reserve chairman, Alan Greenspan, learned his libertarianism at the elbow of the queen of that philosophy, Ayn Rand. He received directly from her, in gatherings of likeminded free-market fanatics, in her apartment. He was a young man then and was completely indoctrinated. Facts are facts; as much as you might wish to deny them, just as he has recently come to the realization of the falacies inherent in the philosophy he wholeheartedly embraced as Fed chairman.

[wishiwasdj]

Thanks Thom. I had caught this program when it aired. I had no idea I could find copy here. Posting to my FB shortly. Ravi is fantastic.

[jimbobubbadj]

The truth must be made known. We must keep the pressure up. I'm tired of Obama and his Chicago politics. I originally thought he was for the common man, how wrong I was. He is in the Wall St, Bilderberg and Military industrial complex elite crowd. Get out of the system as much as possible by keeping a minimum in a banking account(to pay bills), sell all bonds and stocks. Cash in any and all retirement plans, even take the penalty. Stock up on food, ammo, gold and silver. Get out of debt.

[towandacreek]

I think that Ravi Batra is a great mind.

spread this around..

[Analysta654]

pn2543 said...

"Truly, we never learn from history, and so we are now doomed to repeat it."

Truer words have never been spoke. As we speak, individuals are still attempting to re-inflate the real estate bubble. When will we learn?

[pn2543]

Hey Thom, great interview! I always enjoy your interviews with Ravi Batra. It is really uncanny and unsettling how the preconditions for this Second Republican Great Depression have echoed exactly the preconditions for the First Republican Great Depression, even though pundits say it is all 'unprecedented' (lol). Truly, we never learn from history, and so we are now doomed to repeat it.

[tymjar]

Correct, if nothing else, history teaches shows us that we don't learn it's lessons. A nexus point: The 2006-07 beginnings of the mortgage crisis and the 1927 real-estate speculation/collapse, in Florida, that foreshadowed the coming Republican depression. Take a look at the economic condition that Florida has sunk to right now and then spit in former governor Jeb Bushs's face, when he runs for president in 2012.

[alvagoldbook2]

Probably nothing. But we certainly could use a significant cut in military spending.