Economics 102

So, let's take this to the next level. Let's print fiat currency and make all of our friends super rich...at the expense of the masses of regular working people. We'll use the latest example of the GM bail out. What does it matter if I run my company like a moron? The taxpayers will give me all the money I need! Thanks guys.

Category:

News & Politics

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• bail
• bank
• currency
• fiat
• General
• GM
• gold
• inflation
• money
• Motors
• out
• paper
• Pat
• Patrick
• PatsBlog
• standard
• Taylor
• Woonsocket

[Goldensonic2008]

Clearly most of you guys do not know the benefits of a central bank, the benefits of a government intervention in a government bailout, and in fiat currency.

I dont wanna go about it here cause it would take a long reply to explain. But im sure you can find resources without going to the ron paul website

[PatsBlog]

I would love for you to enlighten me about the benefits of a central bank and fiat currency especially since the topic nearly scuttled the founding of our nation. Ever hear the phrase, "Not worth a Continental"? And who is the beneficiary of this central banking system?

There's a reason we didn't start off with a central bank and fiat currency. And, btw, these bailouts are against everything our founders stood for. Check out "The Creature From Jekyll Island" Dr. Paul didn't write it.

[CurtHowland]

The bailout was never about "mortgages" anyway. The money simply covered part of the fractional reserve negative quantities of money in the banks themselves.

The goal was to protect the bankers, not the banks customers.

Going bankrupt would be the best thing to happen, then the loans could be sold for what they are worth to people willing to take the risk.

[PatsBlog]

What do you think about the recent rumblings of all the banks being nationalized?

[PatsBlog]

@MsticalPrincess Isn't that what's happening with the Tea Party?

[JamesTheTank]

When politicians decided to protect banks they really showed where their allegences lye. I'm against mob rule, but corporate rule is a huge step towards Facism. Thanks for the video.

[regretfulflyerxxx]

To us your bird shit and your the invaders of our land, you made us speak your language or face prision sentences, you made us wear a shirt and a tie or else. Why would we like you.

[MsticalPrincess]

3DNC...yes, and they are not going to be stopped. I am reading Ron Paul's "The Revolution...A Manifesto" and I swear he makes even more sense in his book....there is just no way anyone that reads that book can not support Campaign For Liberty. Keep up the good work!!

[3DNC]

Thank you for motivation. I spoke with the NC CFL state coordinator today about action plans. The truth is we are battling the Democratic & Republican sheep, and then neocons at the top of our Party. Be prepared to get ignored and laughed at some more, but be prepared for the conflict too. We have all these stages going on at once, as we are at different levels with different people. The good news is the progress we have made. The truth is that it is a difficult struggle, but CFL has a plan. ;)

[CurtHowland]

Government already owns much, if not most, stock in banks. "Institutional Investors" is the term for government funds.

With the Federal Reserve system and the FDIC, the banks are already pretty much nationalized. Everyone "knew" the government would bail out Fannie/Freddie, and sure enough they did, so there was no discipline in their operations. Same with banks for decades. S&L "crisis", case in point.

It was the Bear Sterns bailout that frightened me. That showed govt has NO LIMITS.

[MsticalPrincess]

Ah ha...all hell would break loose.