The Oracle with Max Keiser - 06 February 2009 - (1 of 4)
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he talks ugly
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not just logic but good judgement!! Institutions or governments are not capable of managing, however, the people are capable if left to do so. How or why it works I do not know but it does.
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It's so funny how the gov't is basically trying to reinvent the bankruptcy. Ok, first we'll inject capital into these companies, then we'll decide on a price for all their bad assets, then we'll see if we can get rid of their management.
There's a much cheaper and easier way of doing this, Mr. Galbraith, and it lies in that Free Market you think we should abandon.
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oh dear.
2 years ago 4
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Screw the Constitution! The Fed and the Federal government have the capacity to do what they need to do.
God help us!
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This is a great statement. Paying a private company to print our money defies all logic... It's a farce. roflmao on the "taking a dump" analogy.. Classic
3 years ago 4
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The banks don't need money to lend they lend debit.
Foreclosures are built into the system.
watch the video debit is money .
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Go See: "william Wagener's STATE OF TRHE NATION address to Americans in deabt" We could end the debt & depressin in 1 week, & arrest the bankgangsters.
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There is no law for the rich Murder Bush, Cheney etc They will sacrifice a few low level flunkies at the most
Galbraith says in essence, I'm paraphrasing, they ripped us off, just let them retire with their ill gotten gains, nobody has any proof of crimes so nobody gets charged
Banks don't need money to lend, they lend debt. The problem is they take money. How are the people supposed to pay back all the debt to the banks on time if no money is printed? Foreclosures are built into the system
3 years ago 2
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Galbraith is spot on.
Clearing out the talentless morons from the banks would benefit the economy.
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The feds never should have bailed them out in the first place. Let them go and someone else will quickly fill the void with a well run company instead of say Citicorp.
pismo10 3 years ago 10
A central bank with no limits in issuing money, is the main cause of all this mess. That's for James Galbraith.
uea978 3 years ago 9