The Chairman Part 2
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@xtremejumpropr It's based on math, but it's not a science. You're fooled into thinking it's a science because it uses nice models with underlying probabilities that seem to capture reality. The models seem to work... and then they just stop working. Those points are usually financial catastrophes. Importantly, "science" has predictive capabilities rooted in math; economics is just descriptive art rooted in math that has, at the most important junctures, failed to predict anything.
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GOOD GRADES DO NOT MEAN "THE SMARTEST KID!" THEY MEAN HIGH ACADEMIC GRADES DUE TO MEMORIZATION!
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This guy has so much more intelligence than Ron Paul its astounding.
End of story.
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He seems like such a sad, sad man. Fuckin Jew.
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it is obviously infuriating to see banks get bailed out and then give their top execs bonuses but we really had no other option. The fed allowed lehman to failed and that cause a catacylism. Imagine if citi, bank of america and AIG failed.... while it would have made consumers happy to point to finger and say told you so, our economic system as we know it would have grinded to a halt....
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Is CBS is running a PR campaign for the Fed?
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@andyt338 so lets platy "pick your poison" how about if we didn't have a PRIVATE bank(the fed) in control of our currancy?? And how about if our currancy was tried to gold/silver?? then my dollar would still be a dollar ands not 4 cents. you have no idea of the damage this printing is causing and will cause for many decades through hyper-inflation
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@iracarroll1 the fed was created in 1913. the great depression was in the late 20's.please get a clue
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This guy is scum. Down with the Federal Reserve, Down with the New World Order, and down with the Corruption these bastards have pulling for almost 90 years!
phillypa88 2 years ago 13
I love it: "what would you say to those bankers?"
"'Make loans to CREDIT WORTHY borrowers. Wake up call: if you're unemployed, you're not credit worthy!
Nice. Thanks Ben.
orionsg8 2 years ago 6