eh? leftist? do you understand finance? do you remember elections when monetary policy was discussed? now it doesnt get a mention. thats because monetary policy is the same....left or right.
monetary policy is the route of the gfc.
central bank policies = debt growth and inflation = makes all the people including you poorer.
i bet you think there are free markets out there somewhere?
@gulbirk The only reason a business would get big in a free market is that their customers found their goods/service worth buying.If other businesses are put out of business by your hypothetical shop that’s because you offered the best product/price and the consumer voted to keep you in business with their money. The whole point is to make the cost of living cheaper for everyone by offering the best price.Equality (through centralized planning) isn’t good when the standard it creates is poverty.
@gulbirk Americas problem is that we let our federal government take authority to be able to regulate on a massive scale and guess who lobbies for/helps write the regulations: big businesses with deep pockets. Governments are much more likely to create monopolies than free markets. Why? Government = monopoly on force. Free markets= voluntary exchange/association.
@GuitarmandanXo Which is based on what? First of all, this argument is silly because it assumes that anyone can by anything at anytime, which isnt the case. It also doesnt take into account what WOULD be the cheapest way of production, only what IS the cheapest way of production at any given time. There are too many flaws with this analogy for me to take it seriously.
@eugeneedwards Exactly. And the American 'central bank' The Fed, is just a cartel of private banks unconstitutionally printing money and then charging the government interst for using it. End The Fed. The scam is 100 years old in just over a year's time.
I did a speech on a related topic and it was very interesting to research. I did alot of research while I lived thru it as well, there were a few close calls and a few weeks in limbo there. There were also key dates in the market when various indices turned. I was out of work for awhile.
A bit of a stretch to simply conclude that we became addicted to money though.
I look forward to seeing this. Take it further and look harder too.
Great Series
steveeb58 2 years ago
eh? leftist? do you understand finance? do you remember elections when monetary policy was discussed? now it doesnt get a mention. thats because monetary policy is the same....left or right.
monetary policy is the route of the gfc.
central bank policies = debt growth and inflation = makes all the people including you poorer.
i bet you think there are free markets out there somewhere?
can you name one?
eugeneedwards 2 years ago
@eugeneedwards Free markets have never existed. Nor will they.
Imagine a free market where I start a shop. I get money and expand. I then expand more and more and more and more and more.
I am now a corporation.
It doesnt matter if you have a state or not, I can drive all other businesses out of work by lowering prices in one area.
gulbirk 5 months ago
@gulbirk The only reason a business would get big in a free market is that their customers found their goods/service worth buying.If other businesses are put out of business by your hypothetical shop that’s because you offered the best product/price and the consumer voted to keep you in business with their money. The whole point is to make the cost of living cheaper for everyone by offering the best price.Equality (through centralized planning) isn’t good when the standard it creates is poverty.
GuitarmandanXo 15 hours ago
@gulbirk Americas problem is that we let our federal government take authority to be able to regulate on a massive scale and guess who lobbies for/helps write the regulations: big businesses with deep pockets. Governments are much more likely to create monopolies than free markets. Why? Government = monopoly on force. Free markets= voluntary exchange/association.
GuitarmandanXo 15 hours ago
@GuitarmandanXo Which is based on what? First of all, this argument is silly because it assumes that anyone can by anything at anytime, which isnt the case. It also doesnt take into account what WOULD be the cheapest way of production, only what IS the cheapest way of production at any given time. There are too many flaws with this analogy for me to take it seriously.
gulbirk 15 hours ago
@eugeneedwards Exactly. And the American 'central bank' The Fed, is just a cartel of private banks unconstitutionally printing money and then charging the government interst for using it. End The Fed. The scam is 100 years old in just over a year's time.
Nautilus1972 2 months ago
First rate program. More about the post crash environment than post mortem I saw the crash myself after all. Great show.
kevo999 2 years ago
I missed the end to this- I wish I could get the video from somewhere...
lfrohling 2 years ago
the DVD will be available in early December from the production company Electric Pictures in Perth
EPdocs 2 years ago
Staring into the Abyss is definitely the catchcry of 2008-early 2009.
The fear is too sidetrack for 10 years.
whatzupa 2 years ago
Excellent subject to cover.
I did a speech on a related topic and it was very interesting to research. I did alot of research while I lived thru it as well, there were a few close calls and a few weeks in limbo there. There were also key dates in the market when various indices turned. I was out of work for awhile.
A bit of a stretch to simply conclude that we became addicted to money though.
I look forward to seeing this. Take it further and look harder too.
whatzupa 2 years ago