i just hope that when we are starving we will get all of those who destroyed the economy and hang them all of them, then nothing will protect them, no country no law, then they will beg for their miserable lifes and we will kill them and ripp them to pieces and then we will start all oiver again
they want to starve the world population by dramatically reducing nutrients in vitamins/minerals and modify our foods so they arent compatible with our bodies. They commiting evil but they wont win if everyone fights NOW before its too late, please Im begging you we need to come together, we are powerful enough to defeat this
If you dont already know who the bilderberg group is I urge you to research them and what they want to do to mankind. They are an "elite" group of tyrannical rich bankers controlling the world, no not our prime ministers/presidents, they are just puppets which carry out this group's own selfish interests which are to dramatically decrease our population to manageable levels through their codex alimentarius scheme that has already been implemented on 31st dec, 2009. We can stop this, fight.
@sper2071 What do you propose that we do? People are dying all the time because the government fails to address the issues of getting money into peoples hands right now, but the problem is still centered around population growth and the lack of a clear plan in how to deal with the issues, I have been writing a metaphysical language to explain economics I will drop some writing to you to read to see if we are on the same plain here
Our President and Congress are hell-bent on obligating the US far beyond its means. Garner Ted Armstrong has been warning about this economic disaster and the emergence of a reorganized European Community for years. Many of his videos are on YouTube, Critical Time - Must See Video - 15 Points
The phrase "human economy" suggests some insight, though the present "human economy" comprises much more than human beings, as "human economics" always have.
I guess my point is that everything is simply an opinion about economics without a definition to its roots which I can explain in relationship to how Economics is based upon evolution in technology in mans transfers of nature; This relates to the 666 in the bible which is scientific and also related to The laws of Media which is about materialisms effects;;;See the matrix Movie POds with the intangible cords which represents this; Egonmics is explainable if you have time because its the solution
Actually no one has ever explained human economy the way I have in Egonomics, which encompasses the aspects of quantum physics and the social containments of judgment, also tying into the reality that people dont know there is no such reality as democracy, and the real ideological war is between capitalism and communism, capitalism based upon the lack in principles, and communal life non existent today however explain in its first movement in the Book of Acts in the bible;
Do you have your own closed definition of purpose, NeoOneOrg, or were you sincerely interested in a definition which you do not have or wish to expand?
I have written a book on what is the definition of purpose; Egonomics which explains why sound principles should be based upon the evolution in technology as man transfers his natures to purpose'
this was revealed once in the 1950's Marshal Mcluhan laws of media; this is simple to understand, we can actually take this government over and place it back into the hands of the people based upon this definition; There is no basis for "economic Laws" if there is no definition of purpose
This has everything to do with the terms self evident and inalienable in the declaration of independence; the key here in the monetary system is that money is a transfer of mans physical natures to forage; this means more than most will realize however it is that simple to take back our right to a true liberty; I have also linked this to the bible Matthew V the sermon on the mount as a scientific evidence of social physics to substantiate my language.
Ron Paul rushed into impeaching Clinton, the while admitting that it was a marginal offense that had nothing to do with his office.
When Kucinich moved to impeach Cheney and Bush, Paul made himself scarce, actually saying at one point that he did not know whether they were guilty of impeachable offenses, then later jiveassing about procedure--the same procedure he said was unnecessary in impeaching Clinton.
Paul is a false Constitutionalist and hypocrite of the first water.
2 Destroy completely all the places on the high mountains and on the hills and under every spreading tree where the nations you are dispossessing worship their gods.
Isaiah 54:3 (New International Version) 3 For you will spread out to the right and to the left; your descendants will dispossess nations and settle in their desolate cities.
Most people don't even know how the tax system works. It was fucked from the beginning. As soon as the dollar wasn't backed by gold, private companies had control over how much it was worth.
"[Russian Federation's] Kudrin also said that the Chinese yuan could become a global reserve currency in a decade if Beijing moves to 'liberalize' the countrys economy.
'I dont believe that new major currency unions will emerge in the near future. I think the shortest way would be if China liberalizes its economy and wishes to ensure the convertibility of the yuan,' ..."
AFP
He said it would take about a decade, adding it was the shortest path to creating a new world reserve currency.
its alot like the episode of the simpsons were the whole town digs for buried treasure. they dig a hole so big that they are trapped. so their solution is to dig their way out. so they just keep digging deeper
Only eleven percent of the American work force even works in industries where what they produce is exportable, and only part of it is actually exported.
Meanwhile the financial elite plays games with worthless USD.
As if China is going to give the US a pass on a couple trillion USD, haha.
singedad1234-self-sufficiency is the right course for some right now. But the Paulistas are Know-Nothing Nativists with no economic acumen at all, and a nostalgia for a US that existed only in their own myths.
Make sure you also have Twain, and histories of the Anti-Imperialist League and the American Imperialist Aggression in the Philippines. That set up both US intervention in WWII and the Federal Reserve.
Things do not happen in isolation.
The Federal Reserve did not just arise out of nothing.
"WASHINGTON Declaring that the financial system was "starting to heal," Treasury Secretary Timothy Geithner said Wednesday that major banks had raised $56 billion since stress tests showed several in need of more capital — a sign of emerging investor confidence."
"Geithner also said a public private program announced in March to rid institutions of their worst assets would be in place by July.
...Geithner pointedly warned the committee that he would not discuss an "exit strategy" for the government's $700 billion intervention in major private sector institutions."
Er, meaning you dumbass taxpayers are financing it.
"The Commerce Department said construction of new homes and apartments fell 12.8 percent last month to a seasonally adjusted annual rate of 458,000 units — the lowest pace on records going back a half-century. Applications for new building permits dropped 3.3 percent to an annual rate of 494,000, also the lowest on record."
The fuckers are massaging every positive number ot enocurage people with debt to save their asses by borrowing more at high interest from the banks who got a gift of their tax money.
I know at lot of you don't believe that, but that's how the "bailout" is designed, which is a version of greater fool theory obviously or dumb, dumber, dumbest.
Legalize Cannabis. It's 10000X less harmful than nicotine, alcohol, and most of the over the counter drugs.. Marijuana is a good cure for insomnia, anxiety, paranoia, depression, stress, anorexia, or natural loss of appetite.. Great natural muscle relaxer. Plus, legalizing would improve the market by starting businesses that sell plants and seeds, then more jobs would be available. I could smoke 3 blunts of it and not overdose like the crap capsuals and pills, that are 'painkillers'.
"WASHINGTON Retail sales fell in April for a second straight month, dashing hopes that consumer spending was starting to revive and would help end the recession.
Economists said families who are worried about layoffs and unpaid job furloughs are saving more and spending less, delaying the start of a sustained recovery...."
Oh, gee, what a surprise! I mean Americans out going out and starting lucrative cottage industires.
"WASHINGTON Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year as first-time buyers looking for bargains dominated the market...."
Gee what a surprise.
So, having taken trillions, will the fuckers now try to engineer inflation and high interest rates, HAHAHA.
Notice James Pinkerton's Periphrasis: "If the problem American found itself in was too much debt...."
Very Germanic passive construction. The US did not "find itself in too much debt"--unending, infinitely expanding debt and credit is the fucking system.
And even Pinkerton seems to be covering up that central fact so you dumbasses won't figure it out.
"NEW YORK Bernard Madoff's longtime secretary said Wednesday that she believes the disgraced financier is not cooperating with authorities in order to protect others, and that he was a flirtatious boss who frequented massage parlors.
Eleanor Squillari...thinks her former boss carefully orchestrated his arrest and that he's protecting others who might have been involved in his multibillion-dollar scheme by not cooperating with investigators....."
You know what's really funny--the CIA waterboards Sheikh Moyerbooty-al-whateverhisnameis 183 times in one month, and he gets into court and still tells them all "Fuck you."
Let me translate Bernanke for you: go out an borrow money from banks and on credit cards at high interest rates and spend yourself into even more debt so that the "economy" can be moving again.
HAHAHAHA.
Here's what the politicians and financiers know: taking money from American dumbasses is like taking candy from a baby.
That's why they and the media keep you dumb.
Just yell "Terror" or "WE Are too big to fail" and you fork over whatever they ask for, no questions required.
"NEW YORK Bank of America Corp. stock rose in premarket trading after an initial decline, amid reports that it needs $34 billion in new capital.
The New York Times and The Wall Street Journal are reporting that regulators are telling the Charlotte, N.C.-based bank it needs about $34 billion in capital based on results of government "stress tests."
Treasury Department declined to comment."
The banks are passing Bernanke's and the Treasury's "stress tests", all right.
Let's get to basics, folks. Your politicians borrowed $700 billion from private bankers against your future taxes and gave it to the same bankers and financials who ran the economy into the ground.
Got it?
Then one of them, AIG, took almost half a billion and gave it as bonuses to the very executives that fucked up beyond comprehension.
So who's the bigger dumbasses--the incompetent bankers and financiers or you dumbasses who sit there and let them steal you blind?
"AIG now says it paid out more than $454 million in bonuses to its employees for work performed in 2008.
That is nearly four times more than the company revealed in late March when asked by POLITICO to detail its total bonus payments. At that time, AIG spokesman Nick Ashooh said the firm paid about $120 million in 2008 bonuses to a pool of more than 6,000 employees. "
Meanwhile Bernanke sees the beginning of a "recovery" pending in 09, HAHAHAHA.
And what a track record he has.
But he's right, with a trillion or more of your Tax Dollars the fucking incompetent banks and finacials, who helped caused this catrastrophe with debt-credit, will not be winos on Skid Row.
"Despite what big banks are telling Congress, it's very difficult to get a loan these days. Buyers who have been pre-qualified by lenders often find it's a different story when they actually request the money. The down payment or interest rate required could be larger -- or the money might not be there at all. The volume of paperwork required to get a loan has also surged, creating more opportunities for buyers to be disqualified...."
"We're hearing anecdotally that lenders are backing out of funding," says Jim Gaines, a professor of real estate studies at Texas A&M University. "They're only going to give you the money if you don't need it."
"NEW YORK (Reuters) The U.S. recession will likely end this year and policymakers must be ready to act quickly to ensure inflation does not take hold when the economy recovers, two top Federal Reserve officials said on Monday.
Richmond Federal Reserve President Jeffrey Lacker and Kansas City Federal Reserve President Thomas Hoenig offered slightly different views on when the world's biggest economy will begin to grow again...."
"Lacker, speaking to business leaders in Charlottesville, Virginia, said that given the resilience of U.S. consumers --whose spending drives the U.S. economy -- and the unprecedented stimulus injected into the U.S. economy by the Fed, he expects growth to resume by year end...."
HAHAHAHAHAHAHA.
They are living in a fantasy world, folks, and your are paying for their golf, thier massages, and their sex trips to Thailand.
My firsthand report: banks are sitting on the bailout money, paying very low savings rates, charging high lending rates, and also demanding high credit rates of those who they lend to.
Result--the bank bailout is having no effect on real estate at all.
Most important, because of several vicious circles connected with collapsing USD, there will be no economic recovery without the nationalization of US oil.
"WASHINGTON Evidence that housing is poised to improve and optimism about the results of banking "stress tests" raised hopes Monday that the recession is easing and helped lift a key stock market measure into the black for the year...."9AP May 4 2009)
Yes, yes, with your tax money--the Banks will weather the Depression just fine, haha.
None of them will die on Skid Row, nossirree.
This is cooking the books big time. "Poised to improve", HAHAHHA.
Kucinich also has the right image--the US is one vast Company Store, with one percent of the population owning ninety-percent of the property and assets.
"...Lenin argues that the merging of banks and industrial cartels give rise to finance capital. According to Lenin, in the last stage of capitalism, in pursuit of greater profits than the home market can offer, capital is exported. This leads to the division of the world between international monopolist firms...Imperialism is thus an advanced stage of capitalism, one relying on...monopolies and on the export of capital (rather than goods), and of which colonialism is one feature.."
Not to say that your statement was incorrect, but please don't use wiki as a reference. It's totally unprofessional and has a chance of being false. No college teaches the use of an unverifiable source.
You know what I'm really looking forward to seeing? When people start cracking up on TV.None of this hissy fit anchor sh*t. I'm talking insane emotional outbursts, sudden suicides by police special, that kind of thing. Lets see if one of these talking heads keep their plastic smiles on with someone's shotgunned brains all over their brand new Armani. THAT would be priceless.
"James Pinkerton is a columnist, author, and political analyst. A graduate of Stanford University, he served on the White House staff under both Ronald Reagan and George H.W. Bush and on each of their presidential campaigns and in January 2008 became a senior adviser to the Mike Huckabee 2008 presidential campaign...."
He no fucking economist and he's a fucking Neo-Con.
The Federal government is borrowing money at interest from private banks (Federal Reserve) against the collateral of Federal taxes to give it to private banks to lend it to you as debt and credit, at interest, to private banks.
So you dumbasses are paying twice at high interest--in taxes and in the "credit" the banks are giving you from your tax money.
"To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" — devalued and untradeable assets — from banks' balance sheets...."
Gee, how nice of the US government to help the banks with their bad paper.
That's not what i understand to be true. 2 weeks ago when it was announced that the fed would inject 1 trillion dollars into our econmy the dollar slipped by 2 to 3%,i think that happend on the 19th. It slipped because the fed could not get anyone to buy our treasury bonds so they printed the Money with nothing to back it up. Hence the slide in the value of the dollar.
China said the week before that they would not continue to buy our bonds if we did not stop spending in such a reckless manner.
"On March 18, 2009, the Federal Reserve used quantitative easing 'to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months'"
"To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" — devalued and untradeable assets — from banks' balance sheets...."
Gee, how nice of the US government to help the BANKS with their bad paper.
If you don't want to waste your time why did you respond to me so many times. I just want to have the last word but I won't let you. If you have nothing intelligent to say just shut your worthless hole.
European i'm gonna guess. The only ones with their heads up their asses far enough to see the shit they brew. America has ALWAYS been blind sided by the government, always. You are no exception. And what do you do, attack people on you tube about it? And you call Americans 'fucking morons.' lolol
venom1617, I could ask you ten questions you've never thought about that are directly pertinent to your chains.
But what's in it for me?
Besides, even if they were all new to you, you would deny it.
But I suggest if you intend to develop any sound economic knowledge you start following the price of oil and relating it to other commodites day by day.
The Russians know Geithner inside out--what they also know is he really fucked them over when he was giving them economic "advice" a few years back, hahaha.
Paul is an idiot with his John Locke and Austrian economics, but he is a useful idiot to the incompetent elite.
What he is actually after, or the people behind him are after, is reducing you to "labor" in the Ricardian sense--a labor pool, that works at subsistence or less.
Kucinich has the right image--the US is one big company store.
With just a few owners, most of whom are not known to the public at large or even to the politicians.
When US or other "economists" talk about "money" as a commodity or about the "money supply", they are not talking about what you seem to think they are talking about, moniequa.
In fact, they are not talking about what they seem to think they are talking about.
In that sense USD is not a currency at all, but what I call a quasi-currency: a financial instrument used as a currency.
66 percent of the US economy is domestic consumption, or was, once upon a time--HAHAHAHA.
Actually just printing the US quasi-currency and giving it free to people on the bottom would be a much wiser and more effective course than what the iniots in Washington are doing.
'
The US elite is terminally incompetent.
In fact, terminal incompetence is now a requirement for belonging tothe "Club", ahahaha.
The Iraq War directly contributed to the collpase of real estate and of the dollar.
The mechanics are simple.
But they are not described either in the mainstream media or understood by American "economists", who, with a few exceptions (like Paul Craig Roberts) are clowns and idiots and agents of the financial elite.
moniequa, it is probably a waste of time to tell you this, but from your question it is obvious that you have a very concrete conceptualization of USD, and that is the source of your problem, and of many though not all economists.
Most of what has been written on "money" is shit.
Most of what economists say about USD is even worse shit.
That idiocy is only one part of the economic collapse.
Please don't assume anything about me. You don't know me. If the economy is a giant turd why are you keep playing with it. Your explanation about oil and USD's value is just plane meaningless. If money is shit, which I strongly believe it is, then stop talking about it like it is God.
Ask these people about their consumer DEBT. Of course they think the economy is in the tank. They themselves cannot handles their own financial affairs. The government CANNOT fix YOUR poor financial education and fiscal responsibility. They are in the same blame game -- all the while other countries buy up our debt waiting patiently for the day of collection. Farewell America -- for you will not fare well. P.S. I'm completely debt free and own my home and automobiles -- how about you?
Yes, the banks were fiscally unmoral - get it? Why give a loan to people you KNOW are a high risk? Is that business sense? NO! That's greed. And I still say that YOU are responsible for the financial decisions YOU make, regardless of the "peddling" loans to people who HAVE NO BUSINESS even applying for these loans because of thier debt to credit/income ratio.
You know shit about banking, or finance, or economiocs, my friend. You have not even scratched the surface of systematized incompetence, including systematically distorted credit models, rigged insurance,, falsely appraised property and the rest. So shove it up your ass.
"Greed" is only part of it--the system is ever expanding debt credit, and you have no inkling of it at all.
Clinton was part of the problem, forcing banks to do this type of lending..
The bankers aren't stupid, they know good business sense and they're in the business of screwing people. You really think they would willingly allow themselves to get screwed? No.
Government can solve this problem, just print the money and give it to the people, LOL. Don't give it to Wall Street, GIVE IT TO THE PEOPLE. POWER TO THE PEOPLE, LOL!!! HAHAHAHAHAHA!!!!
This has been flagged as spam show
Ron Paul 2012!
HansBooBee 8 months ago
i just hope that when we are starving we will get all of those who destroyed the economy and hang them all of them, then nothing will protect them, no country no law, then they will beg for their miserable lifes and we will kill them and ripp them to pieces and then we will start all oiver again
badsign1980 11 months ago
they want to starve the world population by dramatically reducing nutrients in vitamins/minerals and modify our foods so they arent compatible with our bodies. They commiting evil but they wont win if everyone fights NOW before its too late, please Im begging you we need to come together, we are powerful enough to defeat this
sper2071 1 year ago
If you dont already know who the bilderberg group is I urge you to research them and what they want to do to mankind. They are an "elite" group of tyrannical rich bankers controlling the world, no not our prime ministers/presidents, they are just puppets which carry out this group's own selfish interests which are to dramatically decrease our population to manageable levels through their codex alimentarius scheme that has already been implemented on 31st dec, 2009. We can stop this, fight.
sper2071 1 year ago
@sper2071 What do you propose that we do? People are dying all the time because the government fails to address the issues of getting money into peoples hands right now, but the problem is still centered around population growth and the lack of a clear plan in how to deal with the issues, I have been writing a metaphysical language to explain economics I will drop some writing to you to read to see if we are on the same plain here
waypor1 1 year ago
This has been flagged as spam show
Here is a close look at Cass Sunsteins white Paper "Conspiracy Theory"
watch?v=tw7t2Qn-2yU
Unbelievable this guy is working for a United States President ?!
sonotnews 1 year ago
Watch my video. It will blow your mind away!
fridaysabtu 2 years ago
we are slaves
The5t0ne0fDaniel2 2 years ago 12
This current situation is unlike any before.
Our President and Congress are hell-bent on obligating the US far beyond its means. Garner Ted Armstrong has been warning about this economic disaster and the emergence of a reorganized European Community for years. Many of his videos are on YouTube, Critical Time - Must See Video - 15 Points
barney1596 2 years ago
@barney1596
I agree. I hear people complaining about how hard it is at the moment. We ain't seen shit yet!
michaelbme 1 year ago 9
what does that have to do with the lack in principles in america?
NeoOneOrg 2 years ago
You mentioned what you call the "Book of Acts", NeoOneOrg.
Are you Russian by any chance?
mopsius 2 years ago
The phrase "human economy" suggests some insight, though the present "human economy" comprises much more than human beings, as "human economics" always have.
mopsius 2 years ago
The US is a predatory Capitalist warfare state.
The US is Communism for the rich, Capitalism for the poor.
The US is from each according to need, to each according to excess.
mopsius 2 years ago
What is the definition of purpose?
NeoOneOrg 2 years ago
Haha.
In what context?
Please, whats in it for me to tell you?
mopsius 2 years ago
I guess my point is that everything is simply an opinion about economics without a definition to its roots which I can explain in relationship to how Economics is based upon evolution in technology in mans transfers of nature; This relates to the 666 in the bible which is scientific and also related to The laws of Media which is about materialisms effects;;;See the matrix Movie POds with the intangible cords which represents this; Egonmics is explainable if you have time because its the solution
NeoOneOrg 2 years ago
Have you read David Ricardo, NeoOneOrg?
mopsius 2 years ago
Whats he writing about?
NeoOneOrg 2 years ago
Wang Anshi, Solon, Ibn Khaldun--ring any bells, NeoOneOrg?
mopsius 2 years ago
Actually no one has ever explained human economy the way I have in Egonomics, which encompasses the aspects of quantum physics and the social containments of judgment, also tying into the reality that people dont know there is no such reality as democracy, and the real ideological war is between capitalism and communism, capitalism based upon the lack in principles, and communal life non existent today however explain in its first movement in the Book of Acts in the bible;
NeoOneOrg 2 years ago
And you call it "egonomics"--why, NeoOneOrg?
mopsius 2 years ago
Do you have your own closed definition of purpose, NeoOneOrg, or were you sincerely interested in a definition which you do not have or wish to expand?
mopsius 2 years ago
I would not trust any education today, I myself learn from other means
NeoOneOrg 2 years ago
"Ego is always the enemy".
EAC
mopsius 2 years ago
Whoever is behind the name mopsius is not a fan of Paul, NeoOneOrg.
mopsius 2 years ago
LAst time they said 750 billion and it ended it up being in excess of 24 trillion
dave777blaster 2 years ago
end the FEDERAL RESERVE
(ITS NOT EVEN ALLOWED IN THE CONSTITUTION
singledad1234 2 years ago
I have written a book on what is the definition of purpose; Egonomics which explains why sound principles should be based upon the evolution in technology as man transfers his natures to purpose'
this was revealed once in the 1950's Marshal Mcluhan laws of media; this is simple to understand, we can actually take this government over and place it back into the hands of the people based upon this definition; There is no basis for "economic Laws" if there is no definition of purpose
NeoOneOrg 2 years ago
This has everything to do with the terms self evident and inalienable in the declaration of independence; the key here in the monetary system is that money is a transfer of mans physical natures to forage; this means more than most will realize however it is that simple to take back our right to a true liberty; I have also linked this to the bible Matthew V the sermon on the mount as a scientific evidence of social physics to substantiate my language.
NeoOneOrg 2 years ago
americans thought they voted in change
cause they voted in a good speaker
they should have voted for truth
they should have voted for RON PAUL
singledad1234 2 years ago 2
they should have voted for DENNIS KUCINICH! ;-)
They did vote for Obama to end the wars really, I don't see that happening right now either.
Wolffanator 2 years ago
Ron Paul rushed into impeaching Clinton, the while admitting that it was a marginal offense that had nothing to do with his office.
When Kucinich moved to impeach Cheney and Bush, Paul made himself scarce, actually saying at one point that he did not know whether they were guilty of impeachable offenses, then later jiveassing about procedure--the same procedure he said was unnecessary in impeaching Clinton.
Paul is a false Constitutionalist and hypocrite of the first water.
mopsius 2 years ago
Ron Paul was financed by Neo-Cons to defuse the antiwar movement in the primaries.
He won some votes and then suddenly suspended his campaign and started talking about saving the Republican Party.
He is a complete and utter fraud.
mopsius 2 years ago
fourty two year old man
single
ontario canada
huge garden and my own meat
heat with wood
cheap rent and stable place to live
looking for a good woman that wants a real marriage
singledad1234 2 years ago
try a cow. I hear they're stable, just don't forget to have it milked.
Orbit915 2 years ago
I have a cow
and a pig
goats chickens ducks
and a four acer GARDEN
and THREE HUNDRED FACE CORD OF WOOD
END THE FED IF YOU WANT AMERICA TO BE FREE
singledad1234 2 years ago
Diary farms and cows really tie you down.
mopsius 2 years ago
Deuteronomy 12:2 (New International Version)
2 Destroy completely all the places on the high mountains and on the hills and under every spreading tree where the nations you are dispossessing worship their gods.
westcoastpopart 2 years ago
Deuteronomy 11:23 (New International Version)
23 then the LORD will drive out all these nations before you, and you will dispossess nations larger and stronger than you.
westcoastpopart 2 years ago
Isaiah 54:3 (New International Version) 3 For you will spread out to the right and to the left; your descendants will dispossess nations and settle in their desolate cities.
westcoastpopart 2 years ago
Most people don't even know how the tax system works. It was fucked from the beginning. As soon as the dollar wasn't backed by gold, private companies had control over how much it was worth.
Lemur14 2 years ago
Google the Watermelon Army, Lenur14.
Hamilton was the main problem.
Burr should have been made Pater Patriae for killing him.
mopsius 2 years ago
"[Russian Federation's] Kudrin also said that the Chinese yuan could become a global reserve currency in a decade if Beijing moves to 'liberalize' the countrys economy.
'I dont believe that new major currency unions will emerge in the near future. I think the shortest way would be if China liberalizes its economy and wishes to ensure the convertibility of the yuan,' ..."
AFP
He said it would take about a decade, adding it was the shortest path to creating a new world reserve currency.
mopsius 2 years ago
In fact USD is no longer the world reserve country, as some Russians well understand.
mopsius 2 years ago
its alot like the episode of the simpsons were the whole town digs for buried treasure. they dig a hole so big that they are trapped. so their solution is to dig their way out. so they just keep digging deeper
robertwc82 2 years ago
Only eleven percent of the American work force even works in industries where what they produce is exportable, and only part of it is actually exported.
Meanwhile the financial elite plays games with worthless USD.
As if China is going to give the US a pass on a couple trillion USD, haha.
mopsius 2 years ago
Thats the dumbest thing I ever heard. Fear mongerers.
MetalBassjunkie420 2 years ago
The Federal government is now counting unemployment as %8.3. The same source is predicting %10 by the end of the year.
The methods used to get this figure have been changed.
Other methods suggest that the Feds always manipulate the figures toward the low side.
An objective analysis suggests unemployment is now %15 or more and may double in the next year.
There are already Hoovervilles all over California.
But everything's ok, MetalBassjunkie420. It's all just fear mongering.
mopsius 2 years ago
Quintessence of the United States of America:
From each according to his need, to each according to his excess.
You fucking moronic dumbasses.
mopsius 2 years ago
END THE FED
READ THE BOOK BY RON PAUL and END THE FED
singledad1234 2 years ago
End the Fed, yes, at some point down the line--meanwhile end Ron Paul.
Ron Paul is a jiveass hypocrite and economic moron.
mopsius 2 years ago
without the constitution
america is DEAD
and I WILL LAUGH my ass off
when your all living in poverty
singledad1234 2 years ago
Bush and Cheney destroyed what was left of the Constitution, singledad1234.
Where were you then?
mopsius 2 years ago
singedad1234-self-sufficiency is the right course for some right now. But the Paulistas are Know-Nothing Nativists with no economic acumen at all, and a nostalgia for a US that existed only in their own myths.
Make sure you have a lot of good books.
No Socialist or Communist is after what you have.
There is much bigger game.
mopsius 2 years ago
Make sure you also have Twain, and histories of the Anti-Imperialist League and the American Imperialist Aggression in the Philippines. That set up both US intervention in WWII and the Federal Reserve.
Things do not happen in isolation.
The Federal Reserve did not just arise out of nothing.
mopsius 2 years ago
"WASHINGTON Declaring that the financial system was "starting to heal," Treasury Secretary Timothy Geithner said Wednesday that major banks had raised $56 billion since stress tests showed several in need of more capital — a sign of emerging investor confidence."
Geithner as Fantasy and Science Fiction writer?
mopsius 2 years ago
Then catch the next paragraph"
"Geithner also said a public private program announced in March to rid institutions of their worst assets would be in place by July.
...Geithner pointedly warned the committee that he would not discuss an "exit strategy" for the government's $700 billion intervention in major private sector institutions."
Er, meaning you dumbass taxpayers are financing it.
This is over the top, folks.
mopsius 2 years ago 2
"The Commerce Department said construction of new homes and apartments fell 12.8 percent last month to a seasonally adjusted annual rate of 458,000 units — the lowest pace on records going back a half-century. Applications for new building permits dropped 3.3 percent to an annual rate of 494,000, also the lowest on record."
AP
mopsius 2 years ago
Another surpise--gee--not expecting that, oh no!
The fuckers are massaging every positive number ot enocurage people with debt to save their asses by borrowing more at high interest from the banks who got a gift of their tax money.
I know at lot of you don't believe that, but that's how the "bailout" is designed, which is a version of greater fool theory obviously or dumb, dumber, dumbest.
mopsius 2 years ago
This has been flagged as spam show
Legalize Cannabis. It's 10000X less harmful than nicotine, alcohol, and most of the over the counter drugs.. Marijuana is a good cure for insomnia, anxiety, paranoia, depression, stress, anorexia, or natural loss of appetite.. Great natural muscle relaxer. Plus, legalizing would improve the market by starting businesses that sell plants and seeds, then more jobs would be available. I could smoke 3 blunts of it and not overdose like the crap capsuals and pills, that are 'painkillers'.
MetalBassjunkie420 2 years ago
"WASHINGTON Retail sales fell in April for a second straight month, dashing hopes that consumer spending was starting to revive and would help end the recession.
Economists said families who are worried about layoffs and unpaid job furloughs are saving more and spending less, delaying the start of a sustained recovery...."
Oh, gee, what a surprise! I mean Americans out going out and starting lucrative cottage industires.
No, gee. Oh.
mopsius 2 years ago
"WASHINGTON Home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year as first-time buyers looking for bargains dominated the market...."
Gee what a surprise.
So, having taken trillions, will the fuckers now try to engineer inflation and high interest rates, HAHAHA.
Weimar is one step away.
mopsius 2 years ago
Notice James Pinkerton's Periphrasis: "If the problem American found itself in was too much debt...."
Very Germanic passive construction. The US did not "find itself in too much debt"--unending, infinitely expanding debt and credit is the fucking system.
And even Pinkerton seems to be covering up that central fact so you dumbasses won't figure it out.
Capiche?
mopsius 2 years ago
"NEW YORK Bernard Madoff's longtime secretary said Wednesday that she believes the disgraced financier is not cooperating with authorities in order to protect others, and that he was a flirtatious boss who frequented massage parlors.
Eleanor Squillari...thinks her former boss carefully orchestrated his arrest and that he's protecting others who might have been involved in his multibillion-dollar scheme by not cooperating with investigators....."
AP
HAHA. $56 billion on massage parlors!
mopsius 2 years ago
I think Madoff spent alot more money on hookers than Spitzer did. Maybe they did a few doubles sessions together?
frankabler 2 years ago
Spitzer was a little boy Democrat Fascist hypocrite jerkoff who needed hookers to make him feel superior and feel he getting away with something.
Just didn't have the flair of a Madoff, who in turn did not have the cunning of a Paulson.
In politics and finance pyschopaths have a real advantage over egoistic boys like Spitzer and Clinton.
Bush on the other hand was just a front man, where a genuine moron is best.
mopsius 2 years ago
Was it Krassner who reported on Rice jerking off Bush in the Skull and Bones coffin?
mopsius 2 years ago
And Gesu Maria--how about Murdoch and Son in Hong Kong, Shanghai, and Thaliand?
They bought a couple of Roman Catholic pedophiles to give them instant absolution.
mopsius 2 years ago
See, all of it--politics, finance, nuclear war--it just little boys crying for help.
mopsius 2 years ago
You know what's really funny--the CIA waterboards Sheikh Moyerbooty-al-whateverhisnameis 183 times in one month, and he gets into court and still tells them all "Fuck you."
mopsius 2 years ago
Calling most American sheep is an insult to the sheep.
mopsius 2 years ago
Who needs Communists when you have Greenspan, and Paulson, and Bernanke, and Summers and Geithner, HAHAHAHA.
They watched the Born Again millionaire preachers getting rich off the dumbassses.
Americans are too goddamned dumb to be Communists or Socialists.
The US will be the first nation in known history to collapse from unmitigated, systematic DUMB.
Let us pray.
mopsius 2 years ago 2
Communists! Communists! Communists are landing in San Diego--give us another $100 billion!
mopsius 2 years ago
Let me translate Bernanke for you: go out an borrow money from banks and on credit cards at high interest rates and spend yourself into even more debt so that the "economy" can be moving again.
HAHAHAHA.
Here's what the politicians and financiers know: taking money from American dumbasses is like taking candy from a baby.
That's why they and the media keep you dumb.
Just yell "Terror" or "WE Are too big to fail" and you fork over whatever they ask for, no questions required.
mopsius 2 years ago
"The American people want something done."
Yeah, sure.
Wanting is not good enough. The ones you elect to do it will steal your dentures next.
mopsius 2 years ago
"NEW YORK Bank of America Corp. stock rose in premarket trading after an initial decline, amid reports that it needs $34 billion in new capital.
The New York Times and The Wall Street Journal are reporting that regulators are telling the Charlotte, N.C.-based bank it needs about $34 billion in capital based on results of government "stress tests."
Treasury Department declined to comment."
The banks are passing Bernanke's and the Treasury's "stress tests", all right.
mopsius 2 years ago
Hey, brother, can you spare another $34 billion?
mopsius 2 years ago
Let's get to basics, folks. Your politicians borrowed $700 billion from private bankers against your future taxes and gave it to the same bankers and financials who ran the economy into the ground.
Got it?
Then one of them, AIG, took almost half a billion and gave it as bonuses to the very executives that fucked up beyond comprehension.
So who's the bigger dumbasses--the incompetent bankers and financiers or you dumbasses who sit there and let them steal you blind?
mopsius 2 years ago
"AIG now says it paid out more than $454 million in bonuses to its employees for work performed in 2008.
That is nearly four times more than the company revealed in late March when asked by POLITICO to detail its total bonus payments. At that time, AIG spokesman Nick Ashooh said the firm paid about $120 million in 2008 bonuses to a pool of more than 6,000 employees. "
[Eamon Javers]
HAHAHAHAHAHAHA, dumbasses.
mopsius 2 years ago
On another front, Gates, Petraeus, and Odierno should be immediately arrested and court-martialed for treason, torture, and war crimes.
The longer Obama stands around with his finger up his ass putting up with this shit the more he implicates himself.
mopsius 2 years ago
And remember, cancelling predatory loans or credit, is a MORAL HAZARD.
But stealing public funds to support large-scale private incompetence is VIRTUE.
HAHAHAHAHAHA.
mopsius 2 years ago
"They're only going to give you the money if you don't need it."
FROM EACH ACCORDING TO HIS NEED, TO EACH ACCORDING TO HIS WEALTH.
HAHAHAHAHAHAHAHA.
mopsius 2 years ago
Meanwhile Bernanke sees the beginning of a "recovery" pending in 09, HAHAHAHA.
And what a track record he has.
But he's right, with a trillion or more of your Tax Dollars the fucking incompetent banks and finacials, who helped caused this catrastrophe with debt-credit, will not be winos on Skid Row.
That's "recovery" for Bernanke.
When are you dumbasses going to wake up?
mopsius 2 years ago
Fom Business Week:
"Despite what big banks are telling Congress, it's very difficult to get a loan these days. Buyers who have been pre-qualified by lenders often find it's a different story when they actually request the money. The down payment or interest rate required could be larger -- or the money might not be there at all. The volume of paperwork required to get a loan has also surged, creating more opportunities for buyers to be disqualified...."
mopsius 2 years ago
"We're hearing anecdotally that lenders are backing out of funding," says Jim Gaines, a professor of real estate studies at Texas A&M University. "They're only going to give you the money if you don't need it."
[Business Week]
mopsius 2 years ago
The US is Communism for the Rich and Capitalism for all the rest.
Bon Appetit.
mopsius 2 years ago
The Financial Criminals are TOO BIG O FAIL.
The US CITIZEN IS TOO SMALL TO SUCCEED!
That's about the size of it, when they OWN federal, state, and local government.
Do kid yourself that they don't.
And they own it as long as You dumbasses let them.
mopsius 2 years ago
Only eleven percent of US workers work in industries that make products that CAN be exported, and all of what they make is not exported.
The US exports WAR AND EMPIRE AND DEATH AND FUNNY MONEY around the world.
That is what the US has become--a predatory capitalist warfare state.
Bon appetit!
mopsius 2 years ago
"NEW YORK (Reuters) The U.S. recession will likely end this year and policymakers must be ready to act quickly to ensure inflation does not take hold when the economy recovers, two top Federal Reserve officials said on Monday.
Richmond Federal Reserve President Jeffrey Lacker and Kansas City Federal Reserve President Thomas Hoenig offered slightly different views on when the world's biggest economy will begin to grow again...."
HAHA.
mopsius 2 years ago
"Lacker, speaking to business leaders in Charlottesville, Virginia, said that given the resilience of U.S. consumers --whose spending drives the U.S. economy -- and the unprecedented stimulus injected into the U.S. economy by the Fed, he expects growth to resume by year end...."
HAHAHAHAHAHAHA.
They are living in a fantasy world, folks, and your are paying for their golf, thier massages, and their sex trips to Thailand.
HAHAHAHAHAHAHA.
mopsius 2 years ago
Commercially the bailout is also having no effects whatsoever.
Wall Street is happy because they are benfiting though no one else, nor is "the economy".
This is your American financial elite, dumbasses.
They bought the government and your tax money a long time ago, under both Democrats and Republicans.
mopsius 2 years ago
My firsthand report: banks are sitting on the bailout money, paying very low savings rates, charging high lending rates, and also demanding high credit rates of those who they lend to.
Result--the bank bailout is having no effect on real estate at all.
The banks are also sitting on foreclosures.
mopsius 2 years ago
Most important, because of several vicious circles connected with collapsing USD, there will be no economic recovery without the nationalization of US oil.
mopsius 2 years ago
My prediction: real estate will bottom out soon, but there will be no recovery for the foreseeable future.
And there may be further consequences for real estate still in the collapse of USD.
mopsius 2 years ago
"WASHINGTON Evidence that housing is poised to improve and optimism about the results of banking "stress tests" raised hopes Monday that the recession is easing and helped lift a key stock market measure into the black for the year...."9AP May 4 2009)
Yes, yes, with your tax money--the Banks will weather the Depression just fine, haha.
None of them will die on Skid Row, nossirree.
This is cooking the books big time. "Poised to improve", HAHAHHA.
Bon appetit!
mopsius 2 years ago
Kucinich also has the right image--the US is one vast Company Store, with one percent of the population owning ninety-percent of the property and assets.
mopsius 2 years ago
Lenin was right on the nose, suckers.
mopsius 2 years ago
"...Lenin argues that the merging of banks and industrial cartels give rise to finance capital. According to Lenin, in the last stage of capitalism, in pursuit of greater profits than the home market can offer, capital is exported. This leads to the division of the world between international monopolist firms...Imperialism is thus an advanced stage of capitalism, one relying on...monopolies and on the export of capital (rather than goods), and of which colonialism is one feature.."
[wiki]
mopsius 2 years ago
Not to say that your statement was incorrect, but please don't use wiki as a reference. It's totally unprofessional and has a chance of being false. No college teaches the use of an unverifiable source.
drewd1987 2 years ago
The US "economy", and USD, are now fictions beyond the ken of most American dumbasses.
It took fifty years of lies and scams to get here and there are no ready solutions.
The Russians have the basics down. And Lenin was right.
Go watch Disney's Fantasia.
You people are completely disconnected from reality--financial, political, and otherwise.
mopsius 2 years ago 2
Some of the leading Russian analysts think that either the US will have to default or start a world war.
They may not be right, but they have the fundamental mechanics down.
mopsius 2 years ago
Every dollar is a debt instrument and you are the patsy.
mopsius 2 years ago
This has been flagged as spam show
You know what I'm really looking forward to seeing? When people start cracking up on TV.None of this hissy fit anchor sh*t. I'm talking insane emotional outbursts, sudden suicides by police special, that kind of thing. Lets see if one of these talking heads keep their plastic smiles on with someone's shotgunned brains all over their brand new Armani. THAT would be priceless.
icantfindanamethis 2 years ago
And so far all Obama is offering is just another company store.
mopsius 2 years ago
"James Pinkerton is a columnist, author, and political analyst. A graduate of Stanford University, he served on the White House staff under both Ronald Reagan and George H.W. Bush and on each of their presidential campaigns and in January 2008 became a senior adviser to the Mike Huckabee 2008 presidential campaign...."
He no fucking economist and he's a fucking Neo-Con.
mopsius 2 years ago
Let's be clear at what the system is.
The Federal government is borrowing money at interest from private banks (Federal Reserve) against the collateral of Federal taxes to give it to private banks to lend it to you as debt and credit, at interest, to private banks.
So you dumbasses are paying twice at high interest--in taxes and in the "credit" the banks are giving you from your tax money.
Get this clear, folks. That is the system.
mopsius 2 years ago
what happened to pulling yourself up by your diamond crusted 24k platinum gold bootstraps?
18bites 2 years ago
"To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" — devalued and untradeable assets — from banks' balance sheets...."
Gee, how nice of the US government to help the banks with their bad paper.
[AP today]
mopsius 2 years ago
Nothing like printing money out of thin air!
THEBEASTOFOLD 2 years ago
Actually they are not printing money out of thin air.
They are borrowing it from private banks, them printing it, and giving it back to the banks.
mopsius 2 years ago
That's not what i understand to be true. 2 weeks ago when it was announced that the fed would inject 1 trillion dollars into our econmy the dollar slipped by 2 to 3%,i think that happend on the 19th. It slipped because the fed could not get anyone to buy our treasury bonds so they printed the Money with nothing to back it up. Hence the slide in the value of the dollar.
China said the week before that they would not continue to buy our bonds if we did not stop spending in such a reckless manner.
THEBEASTOFOLD 2 years ago
You are confusing two different aspects.
mopsius 2 years ago
Explain it to me then.
THEBEASTOFOLD 2 years ago
"On March 18, 2009, the Federal Reserve used quantitative easing 'to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months'"
Got it?
FEDERAL RESERVE which is PRIVATE.
mopsius 2 years ago
The US just doesn't print up "money".
In fact, at this point though still a disaster that might be a slight improvement.
You the taxpayer, stands as collateral, for every dollar printed.
mopsius 2 years ago
In fact, to be precise USD does not even rise to the level of a fiat currency.
It is in effect a privately manipulated debt-instrument used as a currency, which is why I call it a quasi-currency.
mopsius 2 years ago
If anything, THEBEASTOFOLD, things are much worse than you seem to think.
mopsius 2 years ago
When the "monetarists" bullshitters talk about "money" as a "commodity" they are using a very cunning code.
It is not "money" that is a commodity, it is the dept-instruments that are used as "money" that is the commodity.
Got it?
mopsius 2 years ago
Two simple facts to shove up Bush bushes:
Jan 2002 oil = $19 per barrel
Aug 2008 oil= $147 per barrel.
Bon appetit, mes enfants.
mopsius 2 years ago
The US: Communism for the rich, Capitalism for the poor, HAHAHAHAHAHA.
mopsius 2 years ago 3
"To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" — devalued and untradeable assets — from banks' balance sheets...."
Gee, how nice of the US government to help the BANKS with their bad paper.
[AP today]
mopsius 2 years ago
This has been flagged as spam show
LOL at 2:00 when that guys says "Obamas' not smart enough to see....",
Obama bangs his head on the side of the chopper. LOL
InformantX 2 years ago
Comment removed
InformantX 2 years ago
Well, moniequa, you are a waste of time, so I will not be reading your comments anymore.
Bon appetit!
mopsius 2 years ago
If you don't want to waste your time why did you respond to me so many times. I just want to have the last word but I won't let you. If you have nothing intelligent to say just shut your worthless hole.
moniequa 2 years ago
In August 2009 on the international scene USD collapsed to 147th of a barrel of oil.
It had nothing to do with supply and demand.
In January 2002 in the same venue USD was a 19th of a barrel of oil.
You folks can talk all you want and try to obscure those facts, but the only people in dark still are you fucking American morons.
mopsius 2 years ago
European i'm gonna guess. The only ones with their heads up their asses far enough to see the shit they brew. America has ALWAYS been blind sided by the government, always. You are no exception. And what do you do, attack people on you tube about it? And you call Americans 'fucking morons.' lolol
venom1617 2 years ago
Another moron.
It is more than government--it is the whole invented American mythos.
And you are part of it.
Paulista, eh--with kiddie Born Again John Locke Austrian economics?
You are transparently a simpleton.
mopsius 2 years ago
Simpleton indeed to have a conversation with a person like you.
venom1617 2 years ago
Actually you are right, venom, 1617.
You don't have a chance without a brain, and decades of using it.
mopsius 2 years ago
Someone hear something?
venom1617 2 years ago
venom1617, I could ask you ten questions you've never thought about that are directly pertinent to your chains.
But what's in it for me?
Besides, even if they were all new to you, you would deny it.
But I suggest if you intend to develop any sound economic knowledge you start following the price of oil and relating it to other commodites day by day.
You might learn something.
mopsius 2 years ago
It is exactly your simple-mindedness that is keeping you in chains.
mopsius 2 years ago
I'm done with you. Leave my sights and say no more. As if YOU are no slave to government. Done indeed.
venom1617 2 years ago
The Russians know Geithner inside out--what they also know is he really fucked them over when he was giving them economic "advice" a few years back, hahaha.
mopsius 2 years ago
Does the US have a KGB on the level of the old Soviet KGB?
Nope.
The US equivalents are entirely incompetent lunatics, just like their "owners".
mopsius 2 years ago
The Russians had an advantage--most of the "magnates" who moved in after Yeltsin came to power were well known and easily accessible to Putin.
mopsius 2 years ago
Here is a question for you, moneiqua---who made money on that $65 billion "lost" by Madoff, HAHAHAHA.
You think they are about to give it back?
HAHAHAHAHA.
mopsius 2 years ago
Paul is an idiot with his John Locke and Austrian economics, but he is a useful idiot to the incompetent elite.
What he is actually after, or the people behind him are after, is reducing you to "labor" in the Ricardian sense--a labor pool, that works at subsistence or less.
Kucinich has the right image--the US is one big company store.
With just a few owners, most of whom are not known to the public at large or even to the politicians.
Paulson is an agent, an errand boy.
mopsius 2 years ago
When US or other "economists" talk about "money" as a commodity or about the "money supply", they are not talking about what you seem to think they are talking about, moniequa.
In fact, they are not talking about what they seem to think they are talking about.
In that sense USD is not a currency at all, but what I call a quasi-currency: a financial instrument used as a currency.
That is one (just one) source of the collapse.
Think it through.
mopsius 2 years ago
The time for polite debates is long past.
It is too late for that.
Besides the people who manufactured this mess did it deliberately.
They did not see the consequences but every step was planned, mostly out of greed, incompetence, and desperation.
The US oil companies know exactly what they are up to.
mopsius 2 years ago
The US Congress is now surprised $50 billion "dispappered int he Atlantic" last September.
I told them in August it would happen.
No surprise--it was US oil companies converting their profits into Euros, HAHAHA.
That helped lower the Euro, along with the economic collapse.
mopsius 2 years ago
That's right you dumb fucks, the USD does not even rise to the level of a genuine fiat currency.
It is a quasi-currency.
On the other hand, the Paul gold bugs also have their heads up their asses, besides being complete fucking hypocrites.
mopsius 2 years ago
USD has a stable value in relation to only one item, and most "economists" cannot not name what it is.
Of thoise who can, most of them cannot name it precisely enough to see its usefulness as an analytical and mechnaical tool.
Expect me to tell you what it is. HAHAHAHAHA.
What's in in for me, you fucking Randian solipsists?
mopsius 2 years ago
66 percent of the US economy is domestic consumption, or was, once upon a time--HAHAHAHA.
Actually just printing the US quasi-currency and giving it free to people on the bottom would be a much wiser and more effective course than what the iniots in Washington are doing.
'
The US elite is terminally incompetent.
In fact, terminal incompetence is now a requirement for belonging tothe "Club", ahahaha.
Bon appetit!
mopsius 2 years ago
Oil has to be nationalized immediately or kiss your ass goodbye.
It is strictly a mechanical requirement.
And it will solve nothing on its own.
Necessary but not sufficient.
mopsius 2 years ago
The US economy is not the biggest "economy" in the world.
It is the biggest economy in the world in USD.
On that distinction you are all fucked unless you wake up quick.
Without nationalizing oil first there is no point in talking about resuing the economy or "solving" the currency collapse.
I have the advantage of having no ideoloigy whatever on nationalization, for or against.
Bon appetit, dumbasses.
mopsius 2 years ago
The Iraq War directly contributed to the collpase of real estate and of the dollar.
The mechanics are simple.
But they are not described either in the mainstream media or understood by American "economists", who, with a few exceptions (like Paul Craig Roberts) are clowns and idiots and agents of the financial elite.
mopsius 2 years ago
Consult The Value at Risk@blogspot for a reliably critical analysis, without the bias
CarneadesVAR 2 years ago
The total US debt of record which includes consumer debt was 53 trillion last August.
I peg it at at least $80 trillion now, and that is probably low.
Oil did not rise in price to $147 per barrel, the value USD collapsed to 147th of a barrel of oil.
mopsius 2 years ago
So you are saying that the USD's value is up because the oil now is $40/barrel? Please that fucking logic doesn't make any sense.
moniequa 2 years ago
You are the idiot if you can't figure that out. Until August the price of oil was the collapse of the dollar, not supply and demand.
Then the economy collpased and there was no demand--oil goes down in USD, Euros, etc.
The USD is not up at all. Now oil is down.
Good thing you are not an economist.
Now go play with yourself, Howdy Dowdy.
mopsius 2 years ago
Actually, moniequa, maybe you are an economist. you are certainly dumb enough to be the American variety.
mopsius 2 years ago
mopsius, you have a sharp tongue, why don't you lick my ass.
moniequa 2 years ago
Moniequa--your head is stuck so far up your ass, any ass-licking involved is stictly middle voice.
mopsius 2 years ago
moniequa, it is probably a waste of time to tell you this, but from your question it is obvious that you have a very concrete conceptualization of USD, and that is the source of your problem, and of many though not all economists.
Most of what has been written on "money" is shit.
Most of what economists say about USD is even worse shit.
That idiocy is only one part of the economic collapse.
mopsius 2 years ago
The people behind the collapse know that what most economists say is shit.
They pay their salaries for exactly that reason--to keep the bullshit flowing so most people cannot figure out the game.
mopsius 2 years ago
Please don't assume anything about me. You don't know me. If the economy is a giant turd why are you keep playing with it. Your explanation about oil and USD's value is just plane meaningless. If money is shit, which I strongly believe it is, then stop talking about it like it is God.
moniequa 2 years ago
Haha, "In God we trust", is it?
Fuck your "God".
"Your explanation", hehe.
You must be a Paulista or a Neo-Con, hoho.
mopsius 2 years ago
In this initial statement, moniequa, if you had done any real thinking at all you would have easily come up with the mechanics.
Instead you say "that logic doesn't make any sense."
Without thinking a bit.
I know thinking hurts your head, but you should try it some time.
I am not here to answer your stupid questions or teach you economics.
I charge and you can't afford it.
mopsius 2 years ago
If you have any brains, you will think it through.
I am not going to give you the answer.
And when you start out sharp-tongued, don't be surprised to get a much more sharp-tongued reply.
Verstehen Sie?
mopsius 2 years ago
Ask these people about their consumer DEBT. Of course they think the economy is in the tank. They themselves cannot handles their own financial affairs. The government CANNOT fix YOUR poor financial education and fiscal responsibility. They are in the same blame game -- all the while other countries buy up our debt waiting patiently for the day of collection. Farewell America -- for you will not fare well. P.S. I'm completely debt free and own my home and automobiles -- how about you?
RationalPrejudice 2 years ago
Actually you have your head up your ass. Rational Prejudice.
The USD is a debt-credit and collapses without unlimited expansion.
The Banks were actively peddling every loan and credit instrument they could--like bananas--no credit, no money down.
The Great Fools writ large..
But the Fed is bailing them out--to the tune of much more than a trillion.
Isn't that a "Moral Hazard"?
HAHAHAHAHA--go fuck yourself and Paul too.
mopsius 2 years ago
Corr: "is a debt-credit system".
mopsius 2 years ago
Yes, the banks were fiscally unmoral - get it? Why give a loan to people you KNOW are a high risk? Is that business sense? NO! That's greed. And I still say that YOU are responsible for the financial decisions YOU make, regardless of the "peddling" loans to people who HAVE NO BUSINESS even applying for these loans because of thier debt to credit/income ratio.
RationalPrejudice 2 years ago
You know shit about banking, or finance, or economiocs, my friend. You have not even scratched the surface of systematized incompetence, including systematically distorted credit models, rigged insurance,, falsely appraised property and the rest. So shove it up your ass.
"Greed" is only part of it--the system is ever expanding debt credit, and you have no inkling of it at all.
mopsius 2 years ago
The 'ethical" is all by the way, and with the exception of some speculators, the "borrowers" are merely tokens and place-holders.
The collapse of USD is the ultimate bankruptcy of the predatory warfare capitalism that is the US.
mopsius 2 years ago
You want an even bigger racket, Rational Prejudice, put aside all the moral platitudes and delve the real mechanics of student loans, haha.
The system cannot be reformed. It is rotten to the core, in ways you don't even suspect.
mopsius 2 years ago
Clinton was part of the problem, forcing banks to do this type of lending..
The bankers aren't stupid, they know good business sense and they're in the business of screwing people. You really think they would willingly allow themselves to get screwed? No.
drewd1987 2 years ago
What you say is not so--it depends on the article and who writes it.
I doubt very much you can read my published scholarly articles--do you have Latin and Greek?
At any rate, I just read an excellent Wiki article on a very arcane subject.
At best it is supplementary, and very useful for data that does not get into published sources quickly.
Your attitude is kneejerk and the Wiki concept, within limits and used judiciously, is interesting.
mopsius 2 years ago
Not willingly, drewd1987, and you are right about what they are about, but at the same time they are mostly very stupid and short-sighted.
I know that also from experience, having worked in banking.
The collapse of sub-prime was predictable, and part of a larger system, including false credit models.
What was also predictable was the fall of all the rest after sub-prime.
The bankers did not want to see it--actually could not see it, even given reliable predictions over half a decade.
mopsius 2 years ago
About wiki again, drewd1987--you likely do not know how unreliable some of the conventional published standbys are.
Also some of the academics see a real threat in wiki, while others are actually writing the articles.
There are no hard and fast rules, and what academics accept int he way of "encyclopedias" is irrelevant.
One must also check the source, which is the most important function of footnotes.
mopsius 2 years ago
it was a balrog of morgoth
brantfool 2 years ago
Government can solve this problem, just print the money and give it to the people, LOL. Don't give it to Wall Street, GIVE IT TO THE PEOPLE. POWER TO THE PEOPLE, LOL!!! HAHAHAHAHAHA!!!!