Economics 101: they lose, you pay

Wanting to understand the recent economics crisis, we at collateral tried to learn what it's all about and give you our take on it.

Category:

News & Politics

Tags:

• Collateral
• economics
• mad
• money
• crisis
• stock
• market
• crash
• dow
• jones
• feds
• banks
• currency

[urnofun]

The Federal Reserve is to blame on this they control all the money in America. Considering that it is an illegal operation, we should just shut it down and put the money making back in congresses hands where our founding father intented it be.

[bigsurjune]

Huh? No, all the money should be tied to gold and left to the forces of the markets. In the hands of congress? Are you drunk?

[ourearthhome]

The current mortgage crisis is merely the most recent chapter in the underlying housing market which is enmeshed with the land market. The only reason the mortgage industry and financial markets got involved is because the underlying markets give rise to speculation, especially in land, the value of which is wholly created by society as a whole and is therefore the best place in all of economics to cash in on values created by others, i.e. a free lunch. Focusing on lenders is a distraction.

[Yourdeadmeat69]

Ponzi scheme, pure & simple. Why regulate? Just print money if you're wrong.

Cramer isn't a moron. He's just wrong more times than a coin flip, per the Washington Post 2004 survey.

This time, if you believe manipulation makes a difference, lowering overnight rates works.

Ten percent decline worldwide this past 21-22 January after Bush tax cuts and 1/2 point touted, nobody believes anymore. Welcome to Depression 2008.

[clray123]

There should be limits for punishing the weak and stupid, and that's what regulations are for. Without regulations, the business of scamming the stupid will flourish for some time until the inconvenienced stupid pay you a surprise visit and crack your skull. You see, the problem is there is so many of them.

[Telcontar1962]

If your trying to find a solution to any system of government you're wasting your time. Government and civilisation are in direct opposition to egalitarianism.

The only solution i know is for there to be extremely small communities who are totally interdepedant on one another for their survival.

As soon as you get leadership where control begins to consolidate thats the start of the slippery road because all oragnisation needs dictatorial powers of one shape or form.

[bigsurjune]

"Fascism should more properly be called corporatism because it is the merger of state and corporate power."

--Mussolini

[bigsurjune]

Although I like some of this guy's videos, he's clueless when it comes to the real problems of our financial system. The regulations are the problems. The free market is the only true balance of power. The corporations and the banks HATE the free market. Anything that creates competition is BAD....

[bigsurjune]

You're exactly right! Also, America is supposed to be a "free market" society but that couldn't be further from the truth. This guy talks about regulation then talks about "bailing out buddies on Wallstreet?" This is the USA, right? The best punishment is the free market. Both the evil lenders and the stupid borrows lose their shirts--how much more balance do you want?

[aphterphoto]

That screaming guy is a freak. But what the host isn't saying, but means is this. People are too stupid to know the risks when getting a mortgage. It's up to the government to prevent them from ruining their own credit. How do you think people would have reacted if unkle sam stepped in and said "we won't allow you to get that mortgage?" I think he would have done a segment on the racist government not wanting black people to buy houses.