Why the Meltdown Should Have Surprised No One

i never get sick of this video

Peter Schiff supports fractional reserve banking. He is a Rothshilds' shill

The Austrian School can be best described as an erroneous and deluded school of economic thought.

Analogous to that of Nostradamus, the Austrians simply make vague predictions about the economy, claim a collapse is eminent, and wait for a fluctuation to claim that they were vilified, despite the numerous farces.

The reasonable schools of economic thought are then burdened with the eccentric diatribes of the misguided Austrians for their "failure" to predict the economic fluctuation.

LOL, oh man i think you are actually mentally retarded.

FDR's policy is to direct government taxpayer's money into the real, physical-economy to produce and manufacture our way out of the depression. Obama's policy is to direct government taxpayer's money into the speculative and unrealistic, financial-economy, in the hope to spend and consume our way out of this present economic mess which will not work. What good is money if it is not back by anything at all and only by promissory notes, federal bonds, etc?

The difference between FDR and Obama is that FDR directed government money into the real, productive, producing, producer-based, physical-economy as opposed to Obama who is directing money into the speculative, unrealistic, non-productive, non-producing, financial-economy which we call also as a fantasy economy because all he has is a money printing press as opposed to FDR who has a real, industrial infra-technostructure (factories, mines, oil and gas wells, farms, schools, hispitals, etc.)

FDR did not make the depression worst, it is the constant opposition of Wall Street and that of the American and British financial & banking Oligarchies controlled from London by the Royal Family whose purpose is to destroy the American Republic. It is only when WW II which was created by the British to destroy Russia went against the British that they starting cooperating with FDR and with his FDR-based regulations, policies, rules, and polcies. Geopolitics is also responsible wt the Depression

A physical-economy is based on 4 basic industries. The extractive industries (mining, quarrying, oil & gas wells, etc), Processing industries (oil refineries, integrated iron and steel industry, cement industry, glass industry, ceramic industry, etc), Manufacturing industries ( machine tool industry, machine building industry, auto-industry, manufacturing equipment industry, aircraft industry, etc), Service industry (universities, schools, colleges, vocational schools, etc) to provide manpower

An economy is basically and essentially a physical-economy by nature because an economy is composed of two parallel economies, the 1st is the real physical-economy and the 2sd is the financial economy. The financial economy is just an auxlliary part of any economy, no more and no less, it's purpose is to allow a convenient exchange of goods and services within the real physical-economy. The real physical-economy in turn is the real back bone of any national economy w/c is manufacturing based

I'm compiling some ideas on why demand side 'economics' ignores economic fact, that demand is defined by the market so to try to increase prosperity by increasing demand is ignoring what the market is. If stimulus is ever warranted it must be supply side, to facilitate supply if demand for it IS found wanting. That is govt acting as enterprise through investing in failed enterprise, if you think about it objectively. If supply is found wanting it is so for a REASON! Tell this to your students!