ATTENTION UNITED STATES OF AMERICA, IF RON PAUL WILL BECOME US PRESIDENT, OTHER COUNTRIES WILL TELL US WHAT TO DO!
RON PAUL UR NOT STRONG PRESIDENT, U HAVE NO ENERGY TO RUN THIS POWERFUL COUNTRY,
SPEND TIME WITH GRANDCHILDREN, WRITE UR PUSSY BOOKS, GO SAVE PEOPLE DYING FROM AIDS IN AFRICA, GET TESTOSTERONE INJECTIONS AND CHECK ON UR PROSTATE, BASICALY OPEN PUBLIC
CLINICS USA WILL NEVER BE A PUSSY COUNTRY! PUT THAT NOTE ON UR FRIDGE! SO WHEN U WAKE UP AT NITE TO TAKE PISS!
small market capitalism with no corporate welfare allows people to choose the market instead of being handed down shitty products like GM, AIG, and any other corp. fraud laws can still be applied like with what happened to ENRON and Adelphia.
here's s a slogan for you "end the fed" and fuck government idiocracy
I believe things will continue to worsen. I am not a negative thinker/believer. However, I like to be honest. Money does not solve problams. It creates them. It creates problams to generate more problams. More lay-offs, more divorces, more drugs, more alcohol, more poverty....the banks act as "doctors" to the prognosis. It has a cure-all for all the sickness. More money. And most of you swallow it. Hook, sinker and line. Everything you believe and or do is illegal UNLESS it makes them money.
Ron, you can't make sense out of garbage. They [the real, secret government] want panic. Nothing changed in our lifes, the stock market was talked down. People like Al Gore didn't lose a dime. We are the suckers. The golbaists empire, with us as the cannon fodder.
9/11 was an inside job, There were no planes , the holocaust never happened, shapeshifters rule the world,elvis is still alive, big foot exists, Oj Simpson was innocent, and the moon landing was faked
all of the above I mentioned are inseperable from every other point I mentioned abouve
Im just a typical truther
All truthers believe what I do, what I just mentioned that is
All of you rich old farts living on your retirement not voluntering or helping anyone, shame on you!!! Get off your asses and start contributing to society. If you don't you're draining our system. Give to our young to go to school for a better education, walk the streets and give $10 bills to hungry children. Clean the garbage littering many of our poor neigborhoods. Be a friend to a suicidal teenager with no family. We need you!!
you think they give a shit about you or anyone but the,mselves? your deluded. they dont care if they are draining the system or hungry children or the poor in general.
actually to be honest. i dont even fucking care about suicidal teenagers the more suicidals who die the better. purging the weak minded you know?
Besides, all the other phenomena - manufacturing going overseas, weakening of the dollar, running a deficit in the current account - are created by a society-wide cult of victimization, nobody wants to work, and everybody wants to get looked after. Bad for the economy. Which is why we get Obama.
Like Rick Santelli said, if the multiplier is really more than one, then why do we worry about the economy at all? Why doesn't the gov just print a trillion dollars an hour?
I like your comments. What I despise are why are so many suit and tie people giving everyone lectures about the "economy"? These are the same suit and tie folks who got everyone into this mess by pandering, appeasing and than paganizing the same regulations for years. 50% of the federal government needs to be deregulated.
Without the government-manufactured supply of credit, the marketplace would not have allowed those kinds of loans to be made. Period. If we'd listened to Ron Paul 6 years ago, we might have averted this.
Same thing for savings and loan. Congress and the Fed overextend, therefore banks overextend, a bubble is created, and then busts once the bills come due.
no, they popped it on purpose, it was not because people had not paid the bills they had agreed to pay, they lured people in , then changed the rules, they are hucksters, confidence men.
You're an idiot. "Deregulation" started, if you can point to a starting point, with Reagan in the eighties, and laid the foundation for the unbelievable, never-before-seen-in-human-history economic growth of the 1990s. And Clinton helped contribute to that in promoting free trade.
Everybody wins when people can freely trade and transact. Everybody loses when power-grubbing bureacratics stick there nose into every part of human life on behalf of the "victimized."
"Deregulation" led to the Savings & Loan crisis' but the Americans did not learn their lessons. Now we have seen the complete evaporation of the wall street investment bankers, whilst what is left of the US Banking industry faces 100+ trillion exposures in the derivatives market. Oh yes, you managed to infect a lot of European banks with your toxic shit in the process. The "Free Market" at woork. Well done yankee.
You live like you do because the US has historically had the strongest economy in the world.
It has historically had the strongest economy in the world because it has historically been the free-est place in the world.
Fuck the "stimulus." We're all screwed thanks commie pinko's taking over the white house. Invest in gold, because pretty soon the only use you will have for a dollar bill will be toilet paper.
You don't know much about economics, so let me give a you little education. The US economy has been hollowed out. Your manufacturing is less then 30% of GDP and with failing car industry it will be less than that. You are a nation of consumers. You consume cheap chinese products. Your country has no savings and debt ratio of 150% per household. You are a debtors nation. You have the largest account defecit in the world.
Holy shit, really? As long as you're going to throw that out there, I have a BA in Economics. Not exactly a foreign language to me.
Every thing in your post is true. Except your conclusion
All of it was cause, to the contrary, by government intervention in the marketplace, by Congress and the Fed - it was too easy supply of credit and too much pressure on banks to lend to people who shouldn't be buying homes.
This created the environment that allows for toxic assets to be created.
as a bilked tax payer - do I get a car since I am forced to pay for it?
Instead of forcing a load of more debt upon us Why don't they "give" everyone $24,000 instead of trillions to a few industry friends - and we can spend it as we see fit to float the economy...
This comment has received too many negative votesshow
Democrats bail out the auto industry! The Union supported you now it's your turn to support the Union Workers and their livelyhood. Pay your dues to the Union.
We are at the non-sustainability point of Democracy!
Pattern that put the banking Mafia in Charge: Community Rein Act, its enhancement in 95 under Clinton; ending the 1933 Glass-Steagall Act; Sarbanes-Oxley Act of July 2002; lifting of leveraging rules; TARP; elimination of the Uptict Rules; FED now rules commodity market = electronic counterfeiting of commodities (ending of 5th Amnd constitution of title); counterfeiting of securities is the new drug!
We won't know what Obama will do yet. that was the reason i was against him being president, because he is a mystery man. We know he has muslim roots. he has roots in the radical side of the black church. he was an ultra-liberal senator. other than that who knows. only the next four years will tell for sure.
hc - is it not obvious that most of the "expert opinion" of the sort you want us to heed is in the pocket of the financial elite? take the "experts" flooding out of the CFR, for example - many of whom are thick-as-thieves with the bankers and disgraced CEOs who gave us this lousy system - Ron Paul IS the "real economist" you want the People to listen to - google up some of his speeches on the House floor - wow - in his mild gentlemanly way, he drives the Moneychangers out of the Temple.
It is interesting to look back, knowing what we know now, that the congress, in fact, DID pass the $700 billion bailout later the same week. Notice the measured analysis presented by Dr Ron Paul, congressman from Texas. This country, IMO, deserves good leadership of the quality of this patriot. Instead, thanks to the ludicrous false-opposition Political Parties and the traitor-tool media, we have 2 yrs of Obama/Hillary/McCain/blah blah blah crammed down our throat and what could we do about it?
So this is it! never thought i would live to see the day that the US falls. The US is on it knees and dragging most of the world with it. And when it does fall and the rest of the world with it from the ash will rise the NWO. you'll see this was planned from the beginning. the US will not be conquered by the Russians the US has already been conquered by an elite group of people years ago and now they wan to conquer the world thats why there destroying your dollar. By destroying the worlds
WTF? This video has no sound!!! I'm sure Ron Paul really had something to say but, it seems that the american bitches can't let the man talk.
Not to worry, I'll tell you what he had to say:
People of USA, your economy is shit and going down the drain. Stop dragging other countries along with you and stop waging the war that is so costly... The bailout plan was nothing more but a way for those fat pigs to get their hands on your money.
Not to worry, Russia will help you out by conquering USA!!!
Ill conquer you and youll conquer me and the man behind the curtain remains, so in the end were all conquered, your comment is the same old divisive bullshite!
Ron Paul is the man, but let me ask you.... have you did any homework on the federal reserve? did you know it was a seprate buisness from the United states? did you know the federal reserve loans money to U.S. at interest when we have the right to do it ourselves? just to correct you sir, YOU are the imbecile. I bet you listen to Fox news too huh? lol your a lame duck!
I have to agree with Kenfucius, Coney. In order to have a better understanding about Ron Paul's explaination, you have to research about the U.S. Economy, The Federal Reserve, The Great Depression, and other topics to get a basic understanding.
The mainstream media(like CNN, Fox) will not give you extensive and truthful details about the economy. They are so broad, that you would still not understand it. do a Youtube Search on Zeitgeist-The Movie. That is a perfect starting point.
yes zeitgeist was my starting point but i didnt just believe what it told me, i researched what they claimed to be true and i found it to be all true. I did my homework.
Oh, I understand Ken. I was giving basic advice as a starting point in gaining understanding about the economy, socioeconomic issues, etc. To people like Coney, you have to give them something more on a visual scale to be wholly aware of the situation. Then, out of their own effort, they will research from many resources, like the internet, books, etc.
I didn't like Zeitgeist. It took alot of fact and mixed it with fiction. It kinda makes anyone that believes in global elites controling our economy and politics out to be a bunch of quacks.
The Zeitgeist movie series is mainly on facts. As far as it being fiction.....it looks fiction now, but if you read "The Venus Prjoect 2007" (Google the title, it will show more details about how the project would occur. It is a long shot, but very worthwhile for all of mankind. I myself will attend to the Zeitgeist Movement event in March 2009 to know further of their agenda adn will finish reading the Venus Project. "Thought=words=action" excerpt from 1984 by George Orwell. See you around.
You have a no clue about what's fictions or facts. Not to make an argument. But at least the creator of zeitgeist have well document and evidence on their facts. What's more clearly is the pieces of the puzzle being put together are making more sense than anything else that's being brought to our attention.
Ron paul, Bernie Sanders. Theres alot of Very smart people on both sides of the fense that see whats going on. You owe if your an American just under $35,000, IF you have kids ages 1second old that Child OWES 35,000.. IF you dont believe me. Google search "National Debt Clock" and you'll see your Childs Future as an American go down the drain. 3 Children and two parents in America OWE $174,699.35, 1/2 = $87,349.68 Belongs to Private Individuals who supply our Currency. EVERY SECOND you owe more.
Who the fuck is WE? Go fuck yourself, Ceausescu did many good things for Romania. What the fuck did the bastard puppets, that came after him? They destroyed and stole everything the man built. Russia did not oppress Romania, we were good friends. Until the puppets that are called leaders, sold us to EU and NATO.
LONG LIVE CEAUSESCU, YOU MOTHERFUCKER!!! Long live RUSSIA!!! Long live each and every man that understands what capitalism really is! Go down the drain, along with USA, you shitty prick!
US is nearly on it's knees! When it will be fully on it's knees, the Russians will come to chop US's head off! I'll be there to help the Russians out! Cheers fags! Russia 4ever!
Normally I would say write Ron Paul in when you vote, but since Ron Paul is't running anymore and has endorsed someone very close to his ideas, that said he would make Paul his Treasury Secretary you would be foolish to not vote for Chuck Baldwin if you like Ron Paul.
If Ron Paul didn't endorse anyone then I would say absolutely write Ron Paul in, but since someone has a chance to win that Ron Paul supports strongly, then it would be a total waste to write in Ron Paul and not Chuck Baldwin!
some say that 'if your vote counted they wouldnt let you do it anyway' and I agree in that i think of my vote more as self-healing measure, and I will only vote RON PAUL , outcomes of elections and phony horse races, will not dictate my beliefs.
I understand your point, but I just ask you to think of one thing.
If half of America voted for Ron Paul, you'll never hear about it in the media because he's not running so he won't be mentioned in the statisics, however even if Baldwin loses but still has a huge amount of votes, the media will report that because he's a real candidate.
So I ask you this, what's the sense of voting for Ron Paul if no one is ever going to hear about it...the message is lost which defeats the purpose.
Ron Paul is a great American, a voice in the wilderness that no one takes seriously, partly because he comes across as a crazy, nagging old man. But if we look beyond his exterior and delivery, he is on of the few that really makes sense. He is one of the few that if given the opportunity to fix the problems in the US, economy, Iraq, he could! But for now, he will continue to come across as a crazy old man. We need younger ppl with the same fire and passion, content...
Ron Paul is a great American, a voice in the wilderness that no one takes seriously, partly because he comes across as a crazy, nagging old man. But if we look beyond his exterior and delivery, he is on of the few that really makes sense. He is one of the few that if given the opportunity to fix the problems in the US, economy, Iraq, he could! But for now, he will continue to come across as a crazy old man. We need younger ppl with the same fire and passion, content...
Its been happening to me A LOT too mate. It could be that our IP addresses are put onto a blacklist, I have been studying computer security for 10 years and I know what I am taking about.
I'm doing a write in vote for Ron Paul. It's just the only way I can feel good about my presidential vote. I encourage all other Ron Paul supporters to do the same.
I'm a left winger Democrat but I like Ron Paul. Kucinich, Paul, Nader, Gravel, Richardson combined should be our President(s)! If we got all wrote Kucinich/Paul on our ballots would it count? I'll chicken out and vote Obama...8 years of Bush needs some sort of balancing act.
That's a good point AUSsupportTerrorist. Paul Krugman has emphasized that the government should treat this as an injection of capital so that the taxpayers may benefit if there are any windfalls later.
bailout foreign busnessmen? er how about paying these busnessmen for the stuff you lot bought? face it the us has been spending money like water and now the tab is beening called in!us industry hardly makes anything in the us now,it all comes from overseas! and these people want(quite rightly)THERE money! remember it's YOUR SYSTEM! they proved there better at playing your game then you are!and you as crying?face it the us is BANKRUPT!
and a week later--700B IS HIJACKED 10/10/08 TO BUY BANK STOCK----BUYING FORECLOSED MORTGAGES, HELPING JOESMALLBUSINESSOWNER IS OFF THE TABLE. BANKS DON'T HAVE TO DO ANYTHING, THIS IS NONVOTING STOCK, ZERO LEVERAGE.
$250K fdic guarenteed by banks led to the single largest movement of funds out of MARKET in the history of business cycleS.
THAT ALONE, with the loss of the $700B where it would be helpful IS INSANE.
IF YOU'RE DOING SOCIALISM, JESUS AT LEAST DO THAT RIGHT!
Between let it all sort itself out, how we got into this mess, and take over the world, being done however incompetantly, is a right answer.
The game (capitalism), needs rules (of solvency to get a loan, penalties for handouts), but govt'll screw that up too.
Business community runs on credit, only survivors of constipated banks will be cash businesses AND banks lending on cash flow, not asset value. One private NY bank based on cash flow is BOOMING.
Yup, they're screwing it up. Paulson's ordered FNM/FRE to buy 40B in bad mortgages every month. That's a 24 month inflatinary program.
The reason you see dollar strength? Need dollars to liquidate stuff, even at 10c on the dollar.
The pop before the drop. Emerging markets are screwed for now, and won't start showing real value for YEARS even if internally growing--they need our mispent HELOC dollars, and we're fresh out.
America needs to stop its financial system from collapsing.
The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.
America use to have financial panics and depressions every 20 years. This is what we can expect.
1. Financial institutions collapse because people lose confidence and pull their money out at the same time.
2. This causes a massive contraction in the money supply because of the liquidation of loans.
3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.
4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.
All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.
Seeing as I paid off nearly 100% of my credit debt over a year ago and sold my home two years ago (saw this coming), I could care less if the banks go under. It serves them right for fleecing Americans for far too long. Our government is giving our money to them so they stay in business. Giving it to the same groups who ripped many off and caused this whole mess. Does this sound fair? Bail out the people who lost their homes already.They made mistakes to, where's their bail out?
Seeing as I paid off nearly nothing on my credit debt over a year ago and wish I could sell my home to break even (did not see this coming)I could care less if the banks go under. I will survive I will grow my own food...somewhere in the back of my mind I knew this could happen, but now through our personal loses we have the chance to save
DarkTruth33, Sweden stopped a similar financial crisis in the 1990s in a way that punished the people responsible for the mess.
It nationalized its financial sector in a way that 1) forced the shareholders to take the losses and 2) protected taxpayers and depositors like you and me.
Please google the NY Times article *Stopping the Financial Crisis the Swedish Way.*
I will be sure to take a look at this. I don't doubt your knowledge in this but I am wondering if things aren't the same as the ones that surrounded the GD. Things have changed so much. I think the entire system is flawed and needs revamping. It just seems to many that any type of bail out is wrong. Wrong in the sense of fairness. Perhaps we need Wall Street to collapse in order for long term future stability? You can't put a bandaid on a shotgun wound nor fight cancer with asprin.
Some Libertarians believe we need a financial collapse to eliminate debt or *excess credit.* That is insane.
Financial collapses are catastrophic because they cause a severe contraction in the money supply.
This contraction goes far beyond a normal adjustment because the dollar you put in the bank circulates among ten people after the banks lend it out. All of that is wiped out when the bank fails.
Using a financial collapse to modify the system is like using a tidal wave for a drink.
The collapse is already there. In the form of debt and paper. The core of the inevitable collapse is that stuff (property, assets, food) has more people who believe they own it than there is actual stuff. The collapse is like the music stopping in musical chairs. It facilitates people finding their seats and some people discovering they don't have a seat. Playing the music faster and faster to hide that fact only makes it hurt more when it stops.
We used to have financial panicks and collapses every 20 years under the Gold Standard.
It was FDIC insurance and an active central bank that prevented this for 70 years. Sweden had a similar crisis in the 1990s but effectively responded.
America is collapsing because it waited until it was too late to respond. My site features a video from Paul Krugman that discusses the panic in April.
Fractional banking causes bursts and bubbles, in gold AND paper. We still have them, only bigger and rather than correcting over a week, it takes years of recession and taxpayer wealth redistribution. The periods are longer but the cycles are the same.
FDIC insurance is a non factor. Insuring printed paper is just a throwback to when it stood for gold.
The Swedish crisis WAS a collapse. Just not a big one and it was resurrected by wealth redistribution.
This crisis started in nonbank financial institutions engaged in mortgage lending. Checking accounts are actually a relatively small part of our money supply.
You would have to eliminate *fractional reserves* in all lending industries to create the system you are looking for. That isn't realistic or positive.
I never said eliminate fractional reserves, libertarians believe in an expanding money supply, but that it should grow at a rate that matches GDP/GNP as to avoid bubbles.
The crisis didn't start with non-banks, they were a symptom of the problem. The problem is that debt-based currency always requires public debt to grow to avoid recession. Corrections are inevitable. If the bubble didn't show in real estate it would have shown somewhere else.
Federal debt fell yes. Personal debt has been constantly on the rise, with the exception of recessions. The Federal debt reduction was possible back then because it wasn't created by the fed, it was debt recorded in the form of government bonds and such.
I already know all your arguments, and I'm sure you've already heard all of mine. Lets just agree to disagree rather than beat this old debate to death. When the $500T derivatives market implodes we can have this whole debate again.
Depends on the definition of collapse. There has to be a reckoning in which actual wealth in the world and perceptions of personal wealth align. Fractional banking that outpaces growth always results in a perception of wealth that doesn't correlate with actual stuff. That is a bubble, and bubbles must pop or stagnate long enough for growth to catch up.
If two people have a deed to a house, one or both will end up sorely disappointed by reality when it catches up with them.
I believe all that can be done is some sort of socialist intervention (which I detest) to ensure that banks and the wealthy don't put the costs of all this on the middle class. That is exactly what ISN'T happening though.
I would rather see it just fall apart and the FED system dismantled than see a modern recreation of the Gold confiscation scenario of the early 1900s robbing middle America.
The ultimate goal of any fix should be de-leveraging. Permanent debt = slavery.
our inflation is based on the m3 supply before recent events about 16% increase in a year despite corporate news. Based on the bailouts i would be surprised if everything doubles or triples in price...why have the gold buyers come out in droves you can turn on the tv or radio w/o hearing them. Let this fiat system fail
2% and 5% ?? Maybe if you are going by government doctored CPI figures. All of the money being printed is still hiding in vaults, but when it moves out of Chinese and bank coffers into the real world we are going to see prices go through the roof. We are in an inflationary environment that only feels deflationary because of cash hoarding. All of that parked cash is going to decimate the middle class when it is unleashed.
I dont want to see Americans hurt by this concentration of all too human greed(bailout/inflation/warstate), however, if we just 'go with the flow' and buy into this bull****, then WE are being selfish; choosing not to suffer now and passing much suffrage to our children's children. Who knows what kind of a monster our government could be by then, with all of our complacency.
No, i am advocating what Americans truly need is a currency backed by the legal tender: ie gold and silver. Elimination of the unconstitutional income tax and withdrawing our global military forces a great deal. The dollar would rebound with a vengeance the next day after any of these policies were implemented. There would be no collapse and the world would be better for it.
First: you have to throw 1907 out b/c of economic manipulation in preparation for the great war.
Secondly: Our economy grew SLOWLY before derailing from gold.The True booms and busts have happened of fiat's watch.Although when new deposits of gold were found there was inflationary spikes as i understand it.
Lastly: What sense does it make to have our $ linked to a commodity we dont even produce in great amounts(oil) what incentive is there to drill for more...oh further devaluing.
It makes about as much sense as using 1/3 of a Nations food staple(corn) to make ethanol; instead of a food luxury(sugar cane)which pound for pound produces more ethanol.
You seem to be imagining me saying things. I don't want collapse or depression, I am just saying it is inevitable and nothing will be fixed until then. The problem was caused by loose credit and printing money - FED cronies propose to solve it with more loose credit and printing money. They say things like regulation, but regulation vanishes once it gets in the way of credit expansion.
How do you envision fixing a world where for every asset there are 10 people who think they own it?
The bill was not passed by the people. I have not had a single real world friend say anything about it other than "robbery". If you are for it, then you seriously have no idea what just happened.
Most that I know wanted government intervention, but not a 700B handout to the guys who fucked everything up. I'm curious now where your friends live and what they do for a living - that they would support handing 1/3rd of our yearly tax revenue to banks with no oversight.
The original plan was a pure bailout..But the revised bailout added insurance for investors and many other pluses for the little guy..The people I know work in all walks of life and some are retired as well..maybe if you can fit all your friends into one category you should get out more
Boosting FDIC insurance doesn't help the little guy. How many people do you know with 1/4 MM sitting in money markets?
And the other pluses were pork added to get holdouts on the floor to switch votes. I fail to see what the 'little guy' gets from this. There were no provision that required banks to reopen credit lines. They can take the money and just sit on it if Paulson sees fit.
And I am always out (I am a musician/teacher) and my friends range from rich to poor.
I know over 150 with that much in money market..Many retirement funds have that much in them....As for what it does for "little guys", it protects their jobs..Which includes wages and silly shit like life and health insurance..Unless you would rather have universal health care
You know over 150 people all with over 100K in money markets - rather than CDs, bonds, tbills etc? Sorry if I call BS. Anyone in that category is not 'little people'. And at age 22 you know 150 of these people?
This convo is over since your main arguments seem to rely on lying.
smokey - McCain voted for the bailout too - maybe he would have been a marginally better choice, but all things considered, maybe not - this country has been betrayed by both parties - actually they are, in effect ONE party - they are certainly in cahoots - and they lie like dogs - traitors - Repubs AND Dems - look around - we have been sold down the river a long time ago - the political class continue ot feed on the remains of our once-great country - IMO, the Partys are controlled by the enemy
Ben Bernanke is just like Mr. Burns with his trillion dollar bill. The country is in pretty bad shape when the fed is using The Simpsons for economic advice. LOL!!!
Washington Mutual lobbied for loose restrictions on loan applications (stated Income). An other example of why deregulation leads to predatory lending and eventually
I know people in the mortgage business. I wouldn't trust them anymore than you could track the money they make. But they did tell me the stated income or stated loan is termed "liars loan" in the business. The brokers themselves know this yet kept selling them left and right. Making thousands of dollars per loan for doing almost nothing but filling in some forms.
Now that Ron Paul is out of the race, please support Chuck Baldwin! He represents the same liberitarian ideas and ron paul endorsed him too.Dont vote for Bob Barr! We have to be united and we should vote for one liberitarian candidate! Inform yourself what chuck baldwin stands for and vote for chuck baldwin! Spread the liberiatarian message!
I agree with you 100%. It's too bad Americans feel the need to only vote for a democratic or republican. I always vote third part just as my own protest to the current system. I know they won't win but I can't just conform. I refuse to. Best thing we all can do is pay off all your credit cards and NEVER carry a balance again. Force them to change the way the take money from us. Imagine if everyone paid all their credit off and never racked it up again. Collapse.
It amazes me how much basic common sense most Americans have yet our elected people have none. You're right. Corporate America has our government by the balls. Of course they do. They make them rich, we don't, so who they going to listen to? I am very scared for my fellow citizens and myself. What will become of us and our nation in 10 years from now. Something has to change NOW. We have the right to petition our government yet I don't think we can even do this in this day and age.
ron paul says vote 3rd party. last two times I voted if there was a blank line for a write in I would put saddam husains name. My wife says I was throwing away my vote but how do you think I would feel if he lost by one vote.anywayif we were voting third party since ross paroit we would have a choice by now. that bull about throwing your vote away was a bypartician scam
chuck baldwin I have to remember his name . looks like hussain for v.p.
Don't write in Ron Paul. Vote for Chuck Baldwin who will be on the ballot. He is endorsed by Ron Paul himself. He is has stated he would replace Paulson with Ron Paul. Baldwin 08
republicans fucked up paul should have gotten the nomination the democrats who are out of control and more liberal than ever will win this election and the country is more then fucked
Dems deregulated banks, Republicans and Banks laughed with glee as they loaned money to those who couldn't pay,hoping to foreclose and flip those homes, only to create such a glut, housing values tanked and so did they.
Hey Ron, this isn't a market issue, the banks aren't lending to Joesixpac, and small and medium business is CRUMBLING.
Wake up and smell the horse manure, unless banks lend, that's just the next bottleneck down the road.
Revolt, It has to change, it will be much safer for our kids. Write active to CEOS that we want a stable, sustainable, peaceful economy for corporations to be more communitized."
John Perkins fmr economic hitman NY TIMES Bestselling Author
Because they will use the letters we write them as toilet paper. They can not relate to the average man or woman who wonders how they are going to pay the electric bill. CEOs wonder if they can give their maid or butler a raise for the year or not.
Ron Paul may not ever be president, but will go down in history. Keep On Truckin Ron Paul!! You are my hero and there isn't too many of them left, or even in my life. Thank You for caring in the American way of life.
"the right of the people...to petition the Government for a redress of grievances." We must put our petty differences aside. All Americans of all races must see past their differences that are fuled by our own government. Nothing is more true than "United we stand, divided we fall." I am mad as hell that my fellow citizens have been ripped off and left in the streets while the rich get richer at their expense.
Well the same government who allowed the mortgage giants to fleec America to death is now using the ripped off people's money to keep the crooks in business. I cry for our country now. Vote your reps out. Secondly, and this is the most important, STOP USING CREDIT. Pay off your credit cards are don't use them in protest of this latest spitting in the face. If we stop using credit we will force a fair solution. I know it's difficult but it can be done. I have nearly 0 debt, I'm not rich.
This has been flagged as spam show
ATTENTION UNITED STATES OF AMERICA, IF RON PAUL WILL BECOME US PRESIDENT, OTHER COUNTRIES WILL TELL US WHAT TO DO!
RON PAUL UR NOT STRONG PRESIDENT, U HAVE NO ENERGY TO RUN THIS POWERFUL COUNTRY,
SPEND TIME WITH GRANDCHILDREN, WRITE UR PUSSY BOOKS, GO SAVE PEOPLE DYING FROM AIDS IN AFRICA, GET TESTOSTERONE INJECTIONS AND CHECK ON UR PROSTATE, BASICALY OPEN PUBLIC
CLINICS USA WILL NEVER BE A PUSSY COUNTRY! PUT THAT NOTE ON UR FRIDGE! SO WHEN U WAKE UP AT NITE TO TAKE PISS!
democratsaresmart 8 months ago
Please check out the Fat Cat Bankers by Tokyo Rose
Tokyorosebiz 8 months ago
OH SUUUURRRRRREE RON PAUL IS ALWAYS RIGHT IS HE!!!!????
stryderzer0 1 year ago
@stryderzer0 He was right about this. The bailout was passed basically at the point of a gun-that's the way government does everything.
pretorious700 11 months ago
You know, you know, you know... I GAVE UP I JUST DONT KNOW
ilia4kata 1 year ago
RON PAUL 2012!!!!!!!!
TheGreatArgument 1 year ago 3
This comment has received too many negative votes show
Capitalism is slavery
supermurder67 2 years ago
@supermurder67
small market capitalism with no corporate welfare allows people to choose the market instead of being handed down shitty products like GM, AIG, and any other corp. fraud laws can still be applied like with what happened to ENRON and Adelphia.
here's s a slogan for you "end the fed" and fuck government idiocracy
winokur89 1 year ago 2
@winokur89
There doesn't need to be corporate welfare, for there to be coercion from corporations. So this small market capitalism myth, is that, just a myth.
supermurder67 1 year ago
I believe things will continue to worsen. I am not a negative thinker/believer. However, I like to be honest. Money does not solve problams. It creates them. It creates problams to generate more problams. More lay-offs, more divorces, more drugs, more alcohol, more poverty....the banks act as "doctors" to the prognosis. It has a cure-all for all the sickness. More money. And most of you swallow it. Hook, sinker and line. Everything you believe and or do is illegal UNLESS it makes them money.
7514328 2 years ago
Especially when the money is created out of thin air, with interest.
The Fed's goal is to destroy the US' economy.
L00NGB00W 2 years ago
Amen. Very well said bro.
r3vmixman 2 years ago
Ron, you can't make sense out of garbage. They [the real, secret government] want panic. Nothing changed in our lifes, the stock market was talked down. People like Al Gore didn't lose a dime. We are the suckers. The golbaists empire, with us as the cannon fodder.
gringott12 2 years ago 6
9/11 was an inside job, There were no planes , the holocaust never happened, shapeshifters rule the world,elvis is still alive, big foot exists, Oj Simpson was innocent, and the moon landing was faked
all of the above I mentioned are inseperable from every other point I mentioned abouve
Im just a typical truther
All truthers believe what I do, what I just mentioned that is
AlJkilledBillCooper 2 years ago
wow great viedo keeys and paul o12..
asukagag 2 years ago 2
This one failed but the second one passed....damn.
alex3914 2 years ago
All of you rich old farts living on your retirement not voluntering or helping anyone, shame on you!!! Get off your asses and start contributing to society. If you don't you're draining our system. Give to our young to go to school for a better education, walk the streets and give $10 bills to hungry children. Clean the garbage littering many of our poor neigborhoods. Be a friend to a suicidal teenager with no family. We need you!!
calloutinchains 2 years ago
you think they give a shit about you or anyone but the,mselves? your deluded. they dont care if they are draining the system or hungry children or the poor in general.
actually to be honest. i dont even fucking care about suicidal teenagers the more suicidals who die the better. purging the weak minded you know?
forthetroll 2 years ago
we dont owe you a house a car a credit card or an american citizenship go fuck yourself
BeantownJim 2 years ago 3
This has been flagged as spam show
Check out Rachal Maddow - Somebody Saw it Coming
FluxCapacitor2008 2 years ago
Besides, all the other phenomena - manufacturing going overseas, weakening of the dollar, running a deficit in the current account - are created by a society-wide cult of victimization, nobody wants to work, and everybody wants to get looked after. Bad for the economy. Which is why we get Obama.
Like Rick Santelli said, if the multiplier is really more than one, then why do we worry about the economy at all? Why doesn't the gov just print a trillion dollars an hour?
thirds84 2 years ago 3
I like your comments. What I despise are why are so many suit and tie people giving everyone lectures about the "economy"? These are the same suit and tie folks who got everyone into this mess by pandering, appeasing and than paganizing the same regulations for years. 50% of the federal government needs to be deregulated.
7514328 2 years ago
Without the government-manufactured supply of credit, the marketplace would not have allowed those kinds of loans to be made. Period. If we'd listened to Ron Paul 6 years ago, we might have averted this.
Same thing for savings and loan. Congress and the Fed overextend, therefore banks overextend, a bubble is created, and then busts once the bills come due.
thirds84 2 years ago
no, they popped it on purpose, it was not because people had not paid the bills they had agreed to pay, they lured people in , then changed the rules, they are hucksters, confidence men.
a123a456a123a456a 2 years ago
Comment removed
thirds84 2 years ago
He is wrong about regulation. Deregulation starting with Clinton has been a disaster.
Nickalispicalis 2 years ago
You're an idiot. "Deregulation" started, if you can point to a starting point, with Reagan in the eighties, and laid the foundation for the unbelievable, never-before-seen-in-human-history economic growth of the 1990s. And Clinton helped contribute to that in promoting free trade.
Everybody wins when people can freely trade and transact. Everybody loses when power-grubbing bureacratics stick there nose into every part of human life on behalf of the "victimized."
thirds84 2 years ago
"Deregulation" led to the Savings & Loan crisis' but the Americans did not learn their lessons. Now we have seen the complete evaporation of the wall street investment bankers, whilst what is left of the US Banking industry faces 100+ trillion exposures in the derivatives market. Oh yes, you managed to infect a lot of European banks with your toxic shit in the process. The "Free Market" at woork. Well done yankee.
Nickalispicalis 2 years ago
You live like you do because the US has historically had the strongest economy in the world.
It has historically had the strongest economy in the world because it has historically been the free-est place in the world.
Fuck the "stimulus." We're all screwed thanks commie pinko's taking over the white house. Invest in gold, because pretty soon the only use you will have for a dollar bill will be toilet paper.
thirds84 2 years ago
You don't know much about economics, so let me give a you little education. The US economy has been hollowed out. Your manufacturing is less then 30% of GDP and with failing car industry it will be less than that. You are a nation of consumers. You consume cheap chinese products. Your country has no savings and debt ratio of 150% per household. You are a debtors nation. You have the largest account defecit in the world.
Nickalispicalis 2 years ago
Holy shit, really? As long as you're going to throw that out there, I have a BA in Economics. Not exactly a foreign language to me.
Every thing in your post is true. Except your conclusion
All of it was cause, to the contrary, by government intervention in the marketplace, by Congress and the Fed - it was too easy supply of credit and too much pressure on banks to lend to people who shouldn't be buying homes.
This created the environment that allows for toxic assets to be created.
thirds84 2 years ago 2
Amen!
numba1stunna4269 3 years ago
This has been flagged as spam show
----------------´¯'|)
————---|—-|
———--—-|—-|
————---|—-Paste this if you're sick
————---|—-|of getting screwed
———--—-|—- By the government!!!!!!
————---|—-|
———--/´¯/'--'/´¯`·_
———-/'/--/—-/—--/¨¯\
——--('(———- ¯~/'--')
thewoodscall 3 years ago
You can definitly hear Peter Schiff's philosophy in Ron Paul's segment here. I love them both.
kurtzrepublican 3 years ago
great vid
SOMEONE TALK TO ME wk
KaotiKShadeS 3 years ago
This has been flagged as spam show
I NEED SOMEONE TO TALK TO
ANY GUYS UP? Jn
2browj 3 years ago
as a bilked tax payer - do I get a car since I am forced to pay for it?
Instead of forcing a load of more debt upon us Why don't they "give" everyone $24,000 instead of trillions to a few industry friends - and we can spend it as we see fit to float the economy...
Martintfre 3 years ago 17
This comment has received too many negative votes show
Democrats bail out the auto industry! The Union supported you now it's your turn to support the Union Workers and their livelyhood. Pay your dues to the Union.
JimmyJackJohnnyJose 3 years ago
This has been flagged as spam show
We are at the non-sustainability point of Democracy!
Pattern that put the banking Mafia in Charge: Community Rein Act, its enhancement in 95 under Clinton; ending the 1933 Glass-Steagall Act; Sarbanes-Oxley Act of July 2002; lifting of leveraging rules; TARP; elimination of the Uptict Rules; FED now rules commodity market = electronic counterfeiting of commodities (ending of 5th Amnd constitution of title); counterfeiting of securities is the new drug!
sugarpuddin88 3 years ago
now thats what we need. give us the money we spend it on new cars and stuff car companies make the money back. sort of a trickle up effect.
GrandGuignologist 3 years ago
we need a consumer bailout.
bsblasterz 3 years ago 3
patrik you sound confused
StupidDetector 3 years ago 7
We won't know what Obama will do yet. that was the reason i was against him being president, because he is a mystery man. We know he has muslim roots. he has roots in the radical side of the black church. he was an ultra-liberal senator. other than that who knows. only the next four years will tell for sure.
GrandGuignologist 3 years ago 6
This comment has received too many negative votes show
i agree that he is a corporate tool, but youre a f*cking moron
patrikkorda 3 years ago
hc - is it not obvious that most of the "expert opinion" of the sort you want us to heed is in the pocket of the financial elite? take the "experts" flooding out of the CFR, for example - many of whom are thick-as-thieves with the bankers and disgraced CEOs who gave us this lousy system - Ron Paul IS the "real economist" you want the People to listen to - google up some of his speeches on the House floor - wow - in his mild gentlemanly way, he drives the Moneychangers out of the Temple.
RodneyPorter 3 years ago
It is interesting to look back, knowing what we know now, that the congress, in fact, DID pass the $700 billion bailout later the same week. Notice the measured analysis presented by Dr Ron Paul, congressman from Texas. This country, IMO, deserves good leadership of the quality of this patriot. Instead, thanks to the ludicrous false-opposition Political Parties and the traitor-tool media, we have 2 yrs of Obama/Hillary/McCain/blah blah blah crammed down our throat and what could we do about it?
RodneyPorter 3 years ago
Holocaust™
reYKCuf 3 years ago
economy and bring the world to it knees it is then that they can implement the NWO
BillyBobsMustard 3 years ago
So this is it! never thought i would live to see the day that the US falls. The US is on it knees and dragging most of the world with it. And when it does fall and the rest of the world with it from the ash will rise the NWO. you'll see this was planned from the beginning. the US will not be conquered by the Russians the US has already been conquered by an elite group of people years ago and now they wan to conquer the world thats why there destroying your dollar. By destroying the worlds
BillyBobsMustard 3 years ago
WTF? This video has no sound!!! I'm sure Ron Paul really had something to say but, it seems that the american bitches can't let the man talk.
Not to worry, I'll tell you what he had to say:
People of USA, your economy is shit and going down the drain. Stop dragging other countries along with you and stop waging the war that is so costly... The bailout plan was nothing more but a way for those fat pigs to get their hands on your money.
Not to worry, Russia will help you out by conquering USA!!!
shockolanu 3 years ago
Ill conquer you and youll conquer me and the man behind the curtain remains, so in the end were all conquered, your comment is the same old divisive bullshite!
Vercingetorix1313 3 years ago
This is the most ignorant comment I've ever seen on YouTube. Congratulations, sir, you are an imbecile.
ConeyIslandLow 3 years ago
Ron Paul is the man, but let me ask you.... have you did any homework on the federal reserve? did you know it was a seprate buisness from the United states? did you know the federal reserve loans money to U.S. at interest when we have the right to do it ourselves? just to correct you sir, YOU are the imbecile. I bet you listen to Fox news too huh? lol your a lame duck!
kenfucius78 3 years ago 3
it would appear, when he says "comment" he means to have replied to somebody else's comment, not to the statement that Congressman Paul is making.
uglyd0g 3 years ago
I have to agree with Kenfucius, Coney. In order to have a better understanding about Ron Paul's explaination, you have to research about the U.S. Economy, The Federal Reserve, The Great Depression, and other topics to get a basic understanding.
The mainstream media(like CNN, Fox) will not give you extensive and truthful details about the economy. They are so broad, that you would still not understand it. do a Youtube Search on Zeitgeist-The Movie. That is a perfect starting point.
doctorofghetto 3 years ago
yes zeitgeist was my starting point but i didnt just believe what it told me, i researched what they claimed to be true and i found it to be all true. I did my homework.
kenfucius78 3 years ago
Oh, I understand Ken. I was giving basic advice as a starting point in gaining understanding about the economy, socioeconomic issues, etc. To people like Coney, you have to give them something more on a visual scale to be wholly aware of the situation. Then, out of their own effort, they will research from many resources, like the internet, books, etc.
doctorofghetto 3 years ago
I didn't like Zeitgeist. It took alot of fact and mixed it with fiction. It kinda makes anyone that believes in global elites controling our economy and politics out to be a bunch of quacks.
randont 3 years ago
The Zeitgeist movie series is mainly on facts. As far as it being fiction.....it looks fiction now, but if you read "The Venus Prjoect 2007" (Google the title, it will show more details about how the project would occur. It is a long shot, but very worthwhile for all of mankind. I myself will attend to the Zeitgeist Movement event in March 2009 to know further of their agenda adn will finish reading the Venus Project. "Thought=words=action" excerpt from 1984 by George Orwell. See you around.
doctorofghetto 3 years ago
You have a no clue about what's fictions or facts. Not to make an argument. But at least the creator of zeitgeist have well document and evidence on their facts. What's more clearly is the pieces of the puzzle being put together are making more sense than anything else that's being brought to our attention.
Iquehitobefree 3 years ago
Ron paul, Bernie Sanders. Theres alot of Very smart people on both sides of the fense that see whats going on. You owe if your an American just under $35,000, IF you have kids ages 1second old that Child OWES 35,000.. IF you dont believe me. Google search "National Debt Clock" and you'll see your Childs Future as an American go down the drain. 3 Children and two parents in America OWE $174,699.35, 1/2 = $87,349.68 Belongs to Private Individuals who supply our Currency. EVERY SECOND you owe more.
Tunedup81 3 years ago
This comment has received too many negative votes show
Typical, criticize without backing up with evidence. You should consider taking a logcial debate class. Then you might have your opinion resonate.
korriban129 3 years ago
we should have let Russia continue to oppress you bastards
long live Ceaucescu!
religionisnonsense 2 years ago
Who the fuck is WE? Go fuck yourself, Ceausescu did many good things for Romania. What the fuck did the bastard puppets, that came after him? They destroyed and stole everything the man built. Russia did not oppress Romania, we were good friends. Until the puppets that are called leaders, sold us to EU and NATO.
LONG LIVE CEAUSESCU, YOU MOTHERFUCKER!!! Long live RUSSIA!!! Long live each and every man that understands what capitalism really is! Go down the drain, along with USA, you shitty prick!
shockolanu 2 years ago
US is nearly on it's knees! When it will be fully on it's knees, the Russians will come to chop US's head off! I'll be there to help the Russians out! Cheers fags! Russia 4ever!
shockolanu 3 years ago
Long live the illuminati, destroying the weak and idiotic.
Smokez0rz 3 years ago
Sounds good smokezorz, except that you're on the illuminati's list of the weak and idiotic, and you can take that one to the bank!
Tyler13R 3 years ago 5
pretty much have to agree with the above, viewing your site.
Vercingetorix1313 3 years ago
Normally I would say write Ron Paul in when you vote, but since Ron Paul is't running anymore and has endorsed someone very close to his ideas, that said he would make Paul his Treasury Secretary you would be foolish to not vote for Chuck Baldwin if you like Ron Paul.
If Ron Paul didn't endorse anyone then I would say absolutely write Ron Paul in, but since someone has a chance to win that Ron Paul supports strongly, then it would be a total waste to write in Ron Paul and not Chuck Baldwin!
Tyler13R 3 years ago
some say that 'if your vote counted they wouldnt let you do it anyway' and I agree in that i think of my vote more as self-healing measure, and I will only vote RON PAUL , outcomes of elections and phony horse races, will not dictate my beliefs.
Vercingetorix1313 3 years ago
I understand your point, but I just ask you to think of one thing.
If half of America voted for Ron Paul, you'll never hear about it in the media because he's not running so he won't be mentioned in the statisics, however even if Baldwin loses but still has a huge amount of votes, the media will report that because he's a real candidate.
So I ask you this, what's the sense of voting for Ron Paul if no one is ever going to hear about it...the message is lost which defeats the purpose.
Tyler13R 3 years ago
i guess for me its more an issue of being true to myself.
Vercingetorix1313 3 years ago
This has been flagged as spam show
24-F-NY-single - MSG me on MSN. ID is in my profile. c
GamerLink2107 3 years ago
This has been flagged as spam show
Ron Paul is a great American, a voice in the wilderness that no one takes seriously, partly because he comes across as a crazy, nagging old man. But if we look beyond his exterior and delivery, he is on of the few that really makes sense. He is one of the few that if given the opportunity to fix the problems in the US, economy, Iraq, he could! But for now, he will continue to come across as a crazy old man. We need younger ppl with the same fire and passion, content...
sirgio777 3 years ago
This has been flagged as spam show
Ron Paul is a great American, a voice in the wilderness that no one takes seriously, partly because he comes across as a crazy, nagging old man. But if we look beyond his exterior and delivery, he is on of the few that really makes sense. He is one of the few that if given the opportunity to fix the problems in the US, economy, Iraq, he could! But for now, he will continue to come across as a crazy old man. We need younger ppl with the same fire and passion, content...
sirgio777 3 years ago
This has been flagged as spam show
does anhyone have msn!!! msg me jane23belle
alexqueentnt 3 years ago
Love him or hate him, he's dynamic!
musclegut13 3 years ago 2
((What's with YouTube giving this a slow, buggy feed?))
tobiasaurusrex 3 years ago
This comment has received too many negative votes show
I'm sure it was a conspiracy. Hey I left some cool-aid at your desk. It's pretty good, take a drink of it and let me know what you think?
musclegut13 3 years ago
Its been happening to me A LOT too mate. It could be that our IP addresses are put onto a blacklist, I have been studying computer security for 10 years and I know what I am taking about.
cdenver 3 years ago
ron pual is the only sensible american leader... in my opinion. he should be president.
rookerock8542 3 years ago 7
I'm doing a write in vote for Ron Paul. It's just the only way I can feel good about my presidential vote. I encourage all other Ron Paul supporters to do the same.
bassplaya84 3 years ago 2
I'm a left winger Democrat but I like Ron Paul. Kucinich, Paul, Nader, Gravel, Richardson combined should be our President(s)! If we got all wrote Kucinich/Paul on our ballots would it count? I'll chicken out and vote Obama...8 years of Bush needs some sort of balancing act.
truewealth 3 years ago
I really enjoy these videos in front of the capital.
Failbama 3 years ago
Ron is the man
runleonrun 3 years ago
That's a good point AUSsupportTerrorist. Paul Krugman has emphasized that the government should treat this as an injection of capital so that the taxpayers may benefit if there are any windfalls later.
FightGlobalPoverty 3 years ago
This has been flagged as spam show
bailout foreign busnessmen? er how about paying these busnessmen for the stuff you lot bought? face it the us has been spending money like water and now the tab is beening called in!us industry hardly makes anything in the us now,it all comes from overseas! and these people want(quite rightly)THERE money! remember it's YOUR SYSTEM! they proved there better at playing your game then you are!and you as crying?face it the us is BANKRUPT!
and you did it to yourselfs!
tarasov12 3 years ago
and a week later--700B IS HIJACKED 10/10/08 TO BUY BANK STOCK----BUYING FORECLOSED MORTGAGES, HELPING JOESMALLBUSINESSOWNER IS OFF THE TABLE. BANKS DON'T HAVE TO DO ANYTHING, THIS IS NONVOTING STOCK, ZERO LEVERAGE.
$250K fdic guarenteed by banks led to the single largest movement of funds out of MARKET in the history of business cycleS.
THAT ALONE, with the loss of the $700B where it would be helpful IS INSANE.
IF YOU'RE DOING SOCIALISM, JESUS AT LEAST DO THAT RIGHT!
Yourdeadmeat69 3 years ago
and a few weeks or months later -- WORLD FINANCIAL SYSTEM COLLAPSES. UNEMPLOYMENT RISES TO 35%. PEOPLE ARE STARVING IN THE STREETS IN AMERICA.
Libertarians say this is MARKET correction and we need to let all of the other banks fail too.
FightGlobalPoverty 3 years ago
Between let it all sort itself out, how we got into this mess, and take over the world, being done however incompetantly, is a right answer.
The game (capitalism), needs rules (of solvency to get a loan, penalties for handouts), but govt'll screw that up too.
Business community runs on credit, only survivors of constipated banks will be cash businesses AND banks lending on cash flow, not asset value. One private NY bank based on cash flow is BOOMING.
Yourdeadmeat69 3 years ago
Yup, they're screwing it up. Paulson's ordered FNM/FRE to buy 40B in bad mortgages every month. That's a 24 month inflatinary program.
The reason you see dollar strength? Need dollars to liquidate stuff, even at 10c on the dollar.
The pop before the drop. Emerging markets are screwed for now, and won't start showing real value for YEARS even if internally growing--they need our mispent HELOC dollars, and we're fresh out.
Invest in printing press futures, BOHECA!
Yourdeadmeat69 3 years ago
This has been flagged as spam show
Kick ass and Elephant.
You know who to vote for 08'
Truce to Republicans and Democrats agreed???
Truth, justice, the American way.
Remember?
BOB BARR 08'
amajetich 3 years ago
America needs to stop its financial system from collapsing.
The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.
America use to have financial panics and depressions every 20 years. This is what we can expect.
FightGlobalPoverty 3 years ago
1. Financial institutions collapse because people lose confidence and pull their money out at the same time.
2. This causes a massive contraction in the money supply because of the liquidation of loans.
3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.
4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.
FightGlobalPoverty 3 years ago
All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.
FightGlobalPoverty 3 years ago
.
.
.
FightGlobalPoverty 3 years ago
.
.
FightGlobalPoverty 3 years ago
Seeing as I paid off nearly 100% of my credit debt over a year ago and sold my home two years ago (saw this coming), I could care less if the banks go under. It serves them right for fleecing Americans for far too long. Our government is giving our money to them so they stay in business. Giving it to the same groups who ripped many off and caused this whole mess. Does this sound fair? Bail out the people who lost their homes already.They made mistakes to, where's their bail out?
DarkTruth33 3 years ago
Seeing as I paid off nearly nothing on my credit debt over a year ago and wish I could sell my home to break even (did not see this coming)I could care less if the banks go under. I will survive I will grow my own food...somewhere in the back of my mind I knew this could happen, but now through our personal loses we have the chance to save
future generations...Ron Paul Revolution!!!
Vercingetorix1313 3 years ago
DarkTruth33, Sweden stopped a similar financial crisis in the 1990s in a way that punished the people responsible for the mess.
It nationalized its financial sector in a way that 1) forced the shareholders to take the losses and 2) protected taxpayers and depositors like you and me.
Please google the NY Times article *Stopping the Financial Crisis the Swedish Way.*
FightGlobalPoverty 3 years ago
I will be sure to take a look at this. I don't doubt your knowledge in this but I am wondering if things aren't the same as the ones that surrounded the GD. Things have changed so much. I think the entire system is flawed and needs revamping. It just seems to many that any type of bail out is wrong. Wrong in the sense of fairness. Perhaps we need Wall Street to collapse in order for long term future stability? You can't put a bandaid on a shotgun wound nor fight cancer with asprin.
DarkTruth33 3 years ago
The system used to be much worse when we were on the gold standard. We had the financial panics of 1837, 1857, 1873, 1890, and 1907.
FightGlobalPoverty 3 years ago
Some Libertarians believe we need a financial collapse to eliminate debt or *excess credit.* That is insane.
Financial collapses are catastrophic because they cause a severe contraction in the money supply.
This contraction goes far beyond a normal adjustment because the dollar you put in the bank circulates among ten people after the banks lend it out. All of that is wiped out when the bank fails.
Using a financial collapse to modify the system is like using a tidal wave for a drink.
FightGlobalPoverty 3 years ago
The collapse is already there. In the form of debt and paper. The core of the inevitable collapse is that stuff (property, assets, food) has more people who believe they own it than there is actual stuff. The collapse is like the music stopping in musical chairs. It facilitates people finding their seats and some people discovering they don't have a seat. Playing the music faster and faster to hide that fact only makes it hurt more when it stops.
Davinc 3 years ago
Hi Davinc,
We used to have financial panicks and collapses every 20 years under the Gold Standard.
It was FDIC insurance and an active central bank that prevented this for 70 years. Sweden had a similar crisis in the 1990s but effectively responded.
America is collapsing because it waited until it was too late to respond. My site features a video from Paul Krugman that discusses the panic in April.
FightGlobalPoverty 3 years ago
Fractional banking causes bursts and bubbles, in gold AND paper. We still have them, only bigger and rather than correcting over a week, it takes years of recession and taxpayer wealth redistribution. The periods are longer but the cycles are the same.
FDIC insurance is a non factor. Insuring printed paper is just a throwback to when it stood for gold.
The Swedish crisis WAS a collapse. Just not a big one and it was resurrected by wealth redistribution.
De-leveraging has to occur.
Davinc 3 years ago
This crisis started in nonbank financial institutions engaged in mortgage lending. Checking accounts are actually a relatively small part of our money supply.
You would have to eliminate *fractional reserves* in all lending industries to create the system you are looking for. That isn't realistic or positive.
FightGlobalPoverty 3 years ago
I never said eliminate fractional reserves, libertarians believe in an expanding money supply, but that it should grow at a rate that matches GDP/GNP as to avoid bubbles.
The crisis didn't start with non-banks, they were a symptom of the problem. The problem is that debt-based currency always requires public debt to grow to avoid recession. Corrections are inevitable. If the bubble didn't show in real estate it would have shown somewhere else.
Davinc 3 years ago
That's not true davinc. Our federal debt fell from 108% GDP in 1946 to 24% GDP in 1974.
FightGlobalPoverty 3 years ago
Federal debt fell yes. Personal debt has been constantly on the rise, with the exception of recessions. The Federal debt reduction was possible back then because it wasn't created by the fed, it was debt recorded in the form of government bonds and such.
I already know all your arguments, and I'm sure you've already heard all of mine. Lets just agree to disagree rather than beat this old debate to death. When the $500T derivatives market implodes we can have this whole debate again.
Davinc 3 years ago
Davinc, let me ask you this before we end this discussion.
Do you believe that we should do anything to stop our financial system from collapsing?
FightGlobalPoverty 3 years ago
Depends on the definition of collapse. There has to be a reckoning in which actual wealth in the world and perceptions of personal wealth align. Fractional banking that outpaces growth always results in a perception of wealth that doesn't correlate with actual stuff. That is a bubble, and bubbles must pop or stagnate long enough for growth to catch up.
If two people have a deed to a house, one or both will end up sorely disappointed by reality when it catches up with them.
Davinc 3 years ago
Davinc,
I can understand that you would like us to have a tighter monetary policy in the future in order to reduce bubbles.
Do you think we should do anything to stop our financial system from collapsing within the next few months?
FightGlobalPoverty 3 years ago
I believe all that can be done is some sort of socialist intervention (which I detest) to ensure that banks and the wealthy don't put the costs of all this on the middle class. That is exactly what ISN'T happening though.
I would rather see it just fall apart and the FED system dismantled than see a modern recreation of the Gold confiscation scenario of the early 1900s robbing middle America.
The ultimate goal of any fix should be de-leveraging. Permanent debt = slavery.
Davinc 3 years ago
Davinc, this is hard because I can tell you are a nice and intellectual person. I am going to be direct because again this is an emergency.
You are saying we should have a huge financial collapse and catastrophic depression.
Why? Because maybe it will help put us back on a monetary system that didn't even get good results.
This doesn't make sense. You want a revolution if we have 2% inflation but don't mind depressions or severe deflation.
FightGlobalPoverty 3 years ago
our inflation is based on the m3 supply before recent events about 16% increase in a year despite corporate news. Based on the bailouts i would be surprised if everything doubles or triples in price...why have the gold buyers come out in droves you can turn on the tv or radio w/o hearing them. Let this fiat system fail
Vercingetorix1313 3 years ago
So you belive we should have a financial collapse and catastrophic depression because we had 5% inflation?
Couldn't you just gradually tighten the money supply without destroying our economy?
FightGlobalPoverty 3 years ago
2% and 5% ?? Maybe if you are going by government doctored CPI figures. All of the money being printed is still hiding in vaults, but when it moves out of Chinese and bank coffers into the real world we are going to see prices go through the roof. We are in an inflationary environment that only feels deflationary because of cash hoarding. All of that parked cash is going to decimate the middle class when it is unleashed.
Davinc 3 years ago
Inflation was less than 10% for decades. The Federal Reserve drastically reduced inflation in the early 1980s.
You don't need to destroy your economy to lower inflation.
Inflation will increase now because we are trying to stop our financial system from collapsing in an emergency.
FightGlobalPoverty 3 years ago
I dont want to see Americans hurt by this concentration of all too human greed(bailout/inflation/warstate), however, if we just 'go with the flow' and buy into this bull****, then WE are being selfish; choosing not to suffer now and passing much suffrage to our children's children. Who knows what kind of a monster our government could be by then, with all of our complacency.
Vercingetorix1313 3 years ago
The Swedish response to this crisis penalized the wealthy stockholders while protecting depositors and taxpayers.
You aren't talking about a market adjustment. You are talking about letting our financial system and economy collapse.
FightGlobalPoverty 3 years ago
No, i am advocating what Americans truly need is a currency backed by the legal tender: ie gold and silver. Elimination of the unconstitutional income tax and withdrawing our global military forces a great deal. The dollar would rebound with a vengeance the next day after any of these policies were implemented. There would be no collapse and the world would be better for it.
Vercingetorix1313 3 years ago
No, we had the financial panics and depressions of 1837, 1857, 1873, 1890, and 1907 under the Gold Standard.
Milton Friedman explains how the Gold Standard transmitted the Great Depression from America to Britain.
watch?v=O7pnjzCuSv8
The gold standard makes these crises worse.
1) It removes monetary autonomy. You can't intervene because you have to abide by a rigid pricing level.
2) It forces the economy to contract when it decreases prices. That is how it keeps prices stable.
FightGlobalPoverty 3 years ago
First: you have to throw 1907 out b/c of economic manipulation in preparation for the great war.
Secondly: Our economy grew SLOWLY before derailing from gold.The True booms and busts have happened of fiat's watch.Although when new deposits of gold were found there was inflationary spikes as i understand it.
Lastly: What sense does it make to have our $ linked to a commodity we dont even produce in great amounts(oil) what incentive is there to drill for more...oh further devaluing.
Vercingetorix1313 3 years ago
It makes about as much sense as using 1/3 of a Nations food staple(corn) to make ethanol; instead of a food luxury(sugar cane)which pound for pound produces more ethanol.
Vercingetorix1313 3 years ago
*The True booms and busts have happened of fiat's watch*
You are trying to turn history around in order to fit in with your ideology.
FightGlobalPoverty 3 years ago
You seem to be imagining me saying things. I don't want collapse or depression, I am just saying it is inevitable and nothing will be fixed until then. The problem was caused by loose credit and printing money - FED cronies propose to solve it with more loose credit and printing money. They say things like regulation, but regulation vanishes once it gets in the way of credit expansion.
How do you envision fixing a world where for every asset there are 10 people who think they own it?
Davinc 3 years ago
Sorry Dr Nut, the people wanted the bill and it passed after the will of the public was made clear, not just that of the activists..
MooRons 3 years ago
The bill was not passed by the people. I have not had a single real world friend say anything about it other than "robbery". If you are for it, then you seriously have no idea what just happened.
Davinc 3 years ago
Guess it depends who you hang with..I've never talked to anyone against it
MooRons 3 years ago
Most that I know wanted government intervention, but not a 700B handout to the guys who fucked everything up. I'm curious now where your friends live and what they do for a living - that they would support handing 1/3rd of our yearly tax revenue to banks with no oversight.
Davinc 3 years ago
The original plan was a pure bailout..But the revised bailout added insurance for investors and many other pluses for the little guy..The people I know work in all walks of life and some are retired as well..maybe if you can fit all your friends into one category you should get out more
MooRons 3 years ago
Boosting FDIC insurance doesn't help the little guy. How many people do you know with 1/4 MM sitting in money markets?
And the other pluses were pork added to get holdouts on the floor to switch votes. I fail to see what the 'little guy' gets from this. There were no provision that required banks to reopen credit lines. They can take the money and just sit on it if Paulson sees fit.
And I am always out (I am a musician/teacher) and my friends range from rich to poor.
Google some polls.
Davinc 3 years ago
I know over 150 with that much in money market..Many retirement funds have that much in them....As for what it does for "little guys", it protects their jobs..Which includes wages and silly shit like life and health insurance..Unless you would rather have universal health care
MooRons 3 years ago
You know over 150 people all with over 100K in money markets - rather than CDs, bonds, tbills etc? Sorry if I call BS. Anyone in that category is not 'little people'. And at age 22 you know 150 of these people?
This convo is over since your main arguments seem to rely on lying.
Davinc 3 years ago
ROFL...I'm not 22
MooRons 3 years ago
ROFL - your acct says 22... oh wait... now your account is listed as 'closed'. Right.
Davinc 3 years ago
hahahahahah his account is closed; who was that
mystery man?
Vercingetorix1313 3 years ago
your account is closed...who was that masked man!
Vercingetorix1313 3 years ago
Vote for Mc Cain or you vote for tyranny idiot sheeple.
Smokez0rz 3 years ago
smokey - McCain voted for the bailout too - maybe he would have been a marginally better choice, but all things considered, maybe not - this country has been betrayed by both parties - actually they are, in effect ONE party - they are certainly in cahoots - and they lie like dogs - traitors - Repubs AND Dems - look around - we have been sold down the river a long time ago - the political class continue ot feed on the remains of our once-great country - IMO, the Partys are controlled by the enemy
RodneyPorter 3 years ago
Ben Bernanke is just like Mr. Burns with his trillion dollar bill. The country is in pretty bad shape when the fed is using The Simpsons for economic advice. LOL!!!
What a dense fucking gaggle of retards.
AllahConsciousness 3 years ago
is this his channel???
amritnijjar1 3 years ago
This has been flagged as spam show
"the entire economy will collapse tomorrow!"
October, 8 2008!!!
/watch?v=pE_nc8lqk8k
FallOfAmerica 3 years ago
This has been flagged as spam show
"THE ENTIRE ECONOMY WILL COLLAPSE TOMORROW!"
October, 8 2008!!!
/watch?v=pE_nc8lqk8k
GameOverUSA 3 years ago
The new ZEITGEIST film is out. ZEITGEIST: ADDENDUM - Free on Google and YouTube
PASS IT ON!!!
AlienTruth 3 years ago
Washington Mutual lobbied for loose restrictions on loan applications (stated Income). An other example of why deregulation leads to predatory lending and eventually
economic disaster.
angnmini 3 years ago
I know people in the mortgage business. I wouldn't trust them anymore than you could track the money they make. But they did tell me the stated income or stated loan is termed "liars loan" in the business. The brokers themselves know this yet kept selling them left and right. Making thousands of dollars per loan for doing almost nothing but filling in some forms.
DarkTruth33 3 years ago
its time to take to the streets and get our fucking country back from the man.
vinnieelmuddy 3 years ago 3
Even after this bail out passes the Dow plumets again! Yeah, great choice to vote this bail out into law. It has not regained investor trust.
DarkTruth33 3 years ago
Now that Ron Paul is out of the race, please support Chuck Baldwin! He represents the same liberitarian ideas and ron paul endorsed him too.Dont vote for Bob Barr! We have to be united and we should vote for one liberitarian candidate! Inform yourself what chuck baldwin stands for and vote for chuck baldwin! Spread the liberiatarian message!
RonPaul786 3 years ago
Chuck Baldwin has too many controversies surrounding him for me to trust him. Just read his wikipedia article...
kn0sis 3 years ago
omg we need ron paul as a perident i am going to write his name in he is the only one that can save this country
nick1112111 3 years ago
THIS BAILOUT WILL NOT WORK!
Now let's see who votes for it: McCAINE and OBAMA.
So, what's our choice in November?
ANSWER: NADER/Gonzales 2008
RALPH NADER IS AGAINST THIS BAILOUT - STANDING SHOULDER TO SHOULDER WITH AMERICA.
It's time for a Jeffersonian Revolution.
BIG CORPORATE has both the Democrats and Republicans by the balls! VOTE NO to CORPORATE POWERS!
Even RON PAUL would preffer NADER to Obama or McCain. (Do the research...Ron Paul and Nader on CNN).
Kold2market 3 years ago 2
Bailout didn't work. Dow is down to 10,000, lowest ever....
g35suck 3 years ago
Meh, Nader's run too many times, I would like to see Ron run in 2012 again now that he has a name.
pwnurnoobazz 3 years ago
I agree with you 100%. It's too bad Americans feel the need to only vote for a democratic or republican. I always vote third part just as my own protest to the current system. I know they won't win but I can't just conform. I refuse to. Best thing we all can do is pay off all your credit cards and NEVER carry a balance again. Force them to change the way the take money from us. Imagine if everyone paid all their credit off and never racked it up again. Collapse.
DarkTruth33 3 years ago
It amazes me how much basic common sense most Americans have yet our elected people have none. You're right. Corporate America has our government by the balls. Of course they do. They make them rich, we don't, so who they going to listen to? I am very scared for my fellow citizens and myself. What will become of us and our nation in 10 years from now. Something has to change NOW. We have the right to petition our government yet I don't think we can even do this in this day and age.
DarkTruth33 3 years ago
ron paul says vote 3rd party. last two times I voted if there was a blank line for a write in I would put saddam husains name. My wife says I was throwing away my vote but how do you think I would feel if he lost by one vote.anywayif we were voting third party since ross paroit we would have a choice by now. that bull about throwing your vote away was a bypartician scam
chuck baldwin I have to remember his name . looks like hussain for v.p.
hobieslug45 3 years ago
WRITE IN RON PAUL 08!!!
xXHeroOfTimeXx 3 years ago
Don't write in Ron Paul. Vote for Chuck Baldwin who will be on the ballot. He is endorsed by Ron Paul himself. He is has stated he would replace Paulson with Ron Paul. Baldwin 08
Familyman79 3 years ago 2
republicans fucked up paul should have gotten the nomination the democrats who are out of control and more liberal than ever will win this election and the country is more then fucked
alauclair 3 years ago 2
This has been flagged as spam show
DEVALUATION OF US DOLLAR
NOW
midniteKnite 3 years ago
Dems deregulated banks, Republicans and Banks laughed with glee as they loaned money to those who couldn't pay,hoping to foreclose and flip those homes, only to create such a glut, housing values tanked and so did they.
Hey Ron, this isn't a market issue, the banks aren't lending to Joesixpac, and small and medium business is CRUMBLING.
Wake up and smell the horse manure, unless banks lend, that's just the next bottleneck down the road.
Yourdeadmeat69 3 years ago
Revolt, It has to change, it will be much safer for our kids. Write active to CEOS that we want a stable, sustainable, peaceful economy for corporations to be more communitized."
John Perkins fmr economic hitman NY TIMES Bestselling Author
natem20 3 years ago
Because they will use the letters we write them as toilet paper. They can not relate to the average man or woman who wonders how they are going to pay the electric bill. CEOs wonder if they can give their maid or butler a raise for the year or not.
DarkTruth33 3 years ago
Why Americans are allowing slowly destroy their nation,with these bankers and corrupt politicians?
ulygatore 3 years ago
Ron Paul may not ever be president, but will go down in history. Keep On Truckin Ron Paul!! You are my hero and there isn't too many of them left, or even in my life. Thank You for caring in the American way of life.
sitycatt 3 years ago 4
damn this man is a genius when it comes to the economy .... and the rest of the idiots in congress ignore him .... amazing!!!
Tailg8ers 3 years ago 2
"the right of the people...to petition the Government for a redress of grievances." We must put our petty differences aside. All Americans of all races must see past their differences that are fuled by our own government. Nothing is more true than "United we stand, divided we fall." I am mad as hell that my fellow citizens have been ripped off and left in the streets while the rich get richer at their expense.
DarkTruth33 3 years ago 2
Well the same government who allowed the mortgage giants to fleec America to death is now using the ripped off people's money to keep the crooks in business. I cry for our country now. Vote your reps out. Secondly, and this is the most important, STOP USING CREDIT. Pay off your credit cards are don't use them in protest of this latest spitting in the face. If we stop using credit we will force a fair solution. I know it's difficult but it can be done. I have nearly 0 debt, I'm not rich.
DarkTruth33 3 years ago 3