Crisis now vs Great Depression. Central bank pumping the system ... check Artificially inflated bubbles ... check Govertment incompetence ... check Economic warnings ignored ... check Oh.. that was four withot a stretch. But something is different for sure... - savings rate very low - dept rate high (super high) - deregulated slippery derivates for $60 T. - production of goods in US low Hmm looks like not only a depression but a worse one at that. The "expert" at 16:20+... please
Government is the cause of all these problems. Height of Arrogance to think they can fix it with Bigger Government. Paper system is unravelling, nothing based on exponential growth can be sustained indefinitely. All money being debt is an immoral system in any case.
We need competitive and multiple concurrent locally produced currencies without a central bank and without legal tender laws. Let people decide what to use for money in other words. Just once, can we have the government leave something alone?
In This Clip, From 0:00 To 1:35, It Was CBS News' Face The Nation With Bob Schieffer Video Open From Sunday Morning, October 12, 2008.
radiodj1520 11 months ago
I am ashamed that Lindsey Graham is my senator
swampfoxx81 2 years ago
Lindsey Graham is so out of touch with life outside of the church.
KillJesus 3 years ago
Kheskeim 3 years ago
Government is the cause of all these problems. Height of Arrogance to think they can fix it with Bigger Government. Paper system is unravelling, nothing based on exponential growth can be sustained indefinitely. All money being debt is an immoral system in any case.
TheEvilDetector 3 years ago
We need competitive and multiple concurrent locally produced currencies without a central bank and without legal tender laws. Let people decide what to use for money in other words. Just once, can we have the government leave something alone?
TheEvilDetector 3 years ago
"good news is authorities are on the case"
LOL, shill.
That's the bad news.
Once the authorities GTFO, market has a chance to get better.
We all know they won't, so hyperinflation which will follow this temporary deflation will be fun fun fun for everyone.
Greedy, immoral bastards.
TheEvilDetector 3 years ago