FRED THOMPSON on ECONOMIC bailout & credit crisis

[yourmajezty]

LOLLLLLL

[canisdormit]

rolf @ 4:59!!!

[jefferyrowe1960]

I'm not sure what your point is. If you want to do something for future generations. Build manufacturing plants, farms, proccessing centers, call centers, and what ever kind of places you can for them to work and support themselves without releying on china to make toilet paper for Americans. Give them the capibilities to wipe there own oh sorry no text remaining

[rhv201]

I can sort of understand what you are saying but, why is it Fred's job and not yours and/or everyone's?

[DEVILDOG118]

great vid

looking for friends rK

[rhv201]

Yes sir, I agree!

[RonPaulGeorgeRingo]

Out of control BORROW & spend goes back decades. The current leverage crisis is just the LATEST example - the straw that FINALLY BROKE the camel's back. Don't forget, MANY WARNED about the DANGEROUS LONG TERM consequences back in the 80's, when Reagan took this CREDIT CARD approach to governing, injected it with steroids, & essentially made it PSEUDO conservative dogma, the NATIONAL RELIGION!

Ron Paul was RIGHT - in 1988, & in 2008. His LOST party (& country) ignored him. Shame.

[vdubs4life1964]

Hey Fred! Right on man! I'm going to max out my credit cards on silver and gold. It should pay it self off in about 6 months when hyperinflation set in.

[Inyarear]

Sounds like a plan...

[centervilletn]

there is a flaw in the lower interest rates on mortgages to ease loaning...banks will not loan and borrowers will not borrow untill the value of homes has been stabilized...how can a bank loan on a house whos value may drop below the loan value...interest rates are irrelavent....

[Hdrock6]

Oh Fred there you go again proving that the only thing that you've ever been good at it acting.You have been a supporter of the Bush administration throughout and this is their doing, but yet you're trying to somehow pass the responsibility onto the President-elect?Not that I disagree with what you're saying is the problem, I'm just curious as to when your epiphany occurred?Remember in the rubble of the twin towers it was Bush who told us to go shopping,you were his buddy remember?Senior moment?

[centervilletn]

hi fred...went to belmont with tony....anyhow enough with the small talk...

GEAB/LEAPS 2020 reported this crash back in February 2008...every single aspect...100 percent correct...now..they are predicting a collapse of the currency by summer 2009...unfortunately i believe that their reasoning and ultimately their prediction is sound...

If things do not quickly improve there will likely be civil unrest by spring and possibly worse by fall...

[Hdrock6]

Actually Peter Schiff accurately predicted this crash in 2006 and all the talking heads in the MSM laughed at him....their not laughing now.You can fear the whole "civil unrest" idea but I find that a waste of time. This overspending and hence over printing of the dollar has been going on since 1972 (when we left the gold standard completely) it is not going to "improve quickly" especially if our government continues to try and prop-up the economy via more spending.