what we would like to know is how to get the fed to raise rates...we have had several years of low interest rates with the result of higher unemployment
where are your figures? 13% CPI? Get the Fu**ck outta here. Why does our government need to lie? worse times = better political environment. politics 101 - scare the Sh*it out of people to get their votes.
America has the largest GDP in the world hands down - regardless of our inflationary figures because we export the worlds most technologically advanced goods. Morphine, medicine, jet engines, tanks, oil and gas equipment, etc.
What I was really trying to say here is that whatever money is available (which is reality is none), it should be invested in people (education, housing, healthcare, incentives for invention, etc) which is the real wealth of our country, not institutions who have proven their incapacity to handle finances, and who have built a leveraged house of cards which should be allowed to crash.
If Obama and the democrats were really smart, they would let Wallstreet crash. Then, as after the 1929 crash, invest the money putting people into creative work to make our country independent, beautiful and true, a beacon of hope for the world.
Most of Paulson $700 million fortune is in Goldman Sachs securities. If Goldman went under he would no longer be such a rich man. Only once Goldman looked like it might fail did Paulson suddenly realize a taxpayer financed bailout for Wall Street banks and brokers was urgently needed.
I couldn't say, but that's certainly a possibility.
If I had billions in the market as they do, I would do whatever I reasonably could to see it does not crash, wouldn't you.
Alternatively, he's a famed bargain hunter and his team does their homework, so perhaps that's the case, and GS preferred stock with a 10% is a good deal.
Europe and other nations are pushing the dollar up so they can increase their return in goods so their losses arent so bad as they bail out of the currency.
Break not your sleeps for that: you must not think That we are made of stuff so flat and dull That we can let our beard be shook with danger And think it pastime. You shortly shall hear more:..
what we would like to know is how to get the fed to raise rates...we have had several years of low interest rates with the result of higher unemployment
hwt2009 1 year ago
where are your figures? 13% CPI? Get the Fu**ck outta here. Why does our government need to lie? worse times = better political environment. politics 101 - scare the Sh*it out of people to get their votes.
America has the largest GDP in the world hands down - regardless of our inflationary figures because we export the worlds most technologically advanced goods. Morphine, medicine, jet engines, tanks, oil and gas equipment, etc.
American = Pure F*ucking Fire.
HannibalAdPortas1 2 years ago 2
What I was really trying to say here is that whatever money is available (which is reality is none), it should be invested in people (education, housing, healthcare, incentives for invention, etc) which is the real wealth of our country, not institutions who have proven their incapacity to handle finances, and who have built a leveraged house of cards which should be allowed to crash.
virginlampoil 3 years ago
you know what happens when you have the government giving incentives for innovation (subsidies).
circular, mountainous railroads.
gn0m1k 3 years ago
what did you say about gold oil and silver?
cooliot15 3 years ago
If Obama and the democrats were really smart, they would let Wallstreet crash. Then, as after the 1929 crash, invest the money putting people into creative work to make our country independent, beautiful and true, a beacon of hope for the world.
virginlampoil 3 years ago 2
Interesting... that the next failure may have been Goldman Sachs, the firm Hank Paulson was the CEO of.
Wonder how many friends he has there? and how responsible he still feels about keeping the firm intact?
virginlampoil 3 years ago
Most of Paulson $700 million fortune is in Goldman Sachs securities. If Goldman went under he would no longer be such a rich man. Only once Goldman looked like it might fail did Paulson suddenly realize a taxpayer financed bailout for Wall Street banks and brokers was urgently needed.
NYInvestingMeetup 3 years ago
This sense of urgency.... kinda reminds me of Hitler's move in Feb. 27, 1933 with the burning of the Reichstag.
This sense of urgency is also similar to selling of the Oil-for-Blood War by Bush after 9/11.
Haste makes waste(land)?
virginlampoil 3 years ago
Hey I just want to say thanks for doing this daryl. I appreciate it!
bukakkesake 3 years ago
Buffet just put $500 billion in Sachs. Maybe he's getting worried about the bailout?
FreudWasAFraud 3 years ago
I couldn't say, but that's certainly a possibility.
If I had billions in the market as they do, I would do whatever I reasonably could to see it does not crash, wouldn't you.
Alternatively, he's a famed bargain hunter and his team does their homework, so perhaps that's the case, and GS preferred stock with a 10% is a good deal.
virginlampoil 3 years ago
Has Paulson got anything to do with these ridiculousness numbers?
InTheSticks1881 3 years ago
Thanks for posting these great videos. Some of us value truth and common sense.
frgtmygld 3 years ago
Regarding assuming the bad loans:
Who is going to pay for the real estate taxes of these toxic mortgages?
How about the upkeep such as lawn, repairs, etc in the vacant homes?
How about all the paper work in dealing with the taxes, mortgages, the nonpayers, or selling the home?
It seems to me a gigantic governmental industry will need be created to deal with all these problems.
virginlampoil 3 years ago
hell yea, tva all over again!
mikemikemofo 3 years ago
thanks for the vid. keep it coming!
igetzhoney 3 years ago 5
Europe and other nations are pushing the dollar up so they can increase their return in goods so their losses arent so bad as they bail out of the currency.
centervilletn 3 years ago
Break not your sleeps for that: you must not think That we are made of stuff so flat and dull That we can let our beard be shook with danger And think it pastime. You shortly shall hear more:..
Hamlet / King Claudius
truthsabre7 3 years ago