Financial bailout: a necessary evil
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i meant CANT sustain this... the world has 9 trillion in debt to rollover this year who in there right mind would buy up this debt at 0-.5 % interest with inflation at 16% minimal.. of course we will just monetize this debt like the rest but sooner or later this money is going to reach our economy and we will have massize inflation. if the economy actually really picked up it would be totally disastorous that tells you the shape we are in this will be the largest event in human history
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how can they say he was the first to correctly predict this.... this was very predictable austrian economists like mises predicted this in the 50's and earlier we can sustain a debt based currency in order for it to work we must go further in debt each month and each year after year or the whole thing collapses. think if i have the only dollar in existance and you want to borrow it from me and you owe me interest on it where do you get it?? you must loan out your dollar and so on and so on
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@averageworkinggal Self-regulation never works. You're right on the money.
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If you can't find a job, go to work,
no pie in the sky stuff,
one seed can grow 3,000 seeds in a summer, one yard can grow 3,000 plants or in one summer you can grow 9 million seeds for food, herbs, medicine and yes weapons.
donze52 films
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If anyone hasn't read the book The Creature from Jekyll Island yet - the author presents a lecture on it. It is MUST SEE (or rather MUST HEAR) material - really gives a concise summary of the fraudulent Federal Reserve Banking System and what these bailouts really are - the scale of the fraud is mind-blowing - you will be gobsmacked!
"The Creature from Jekyll Island - How the Federal Reserve Was created"
watch?v=z13TzFBtsWw [It's 1 hour long - start at 55:00 if you are short of time.]
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-- IT is good to hear someone ,, who knows and speaks independently ,, about this crisis ,,, NICE ,, Imagine 15-20% unemployment ,, ooo SHIT ,, IT is going to be HELL in USA.
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i liked this video :)
someone smart please help me Q5
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audio quality is bad
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The most important thing to control are the various central banks.
The central banks are a major culprit in the financial meltdown since they provided excessive liquidity and failed to take action to sufficiently regulate the use of the increased money supply.
averageworkinggal 3 years ago 4
Really ? He is a professor at NYU. I don't see him driving around in a Ferrari.
Nickalispicalis 3 years ago