The crash can happen again Pt4
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Uploaded by TheRealNews on Jan 2, 2010
Robert Johnson: Nothing in current financial reform legislation will stop another crash
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@spanishaustralian Obama wasn't elected fairly? Right. And I guess Bush was?
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That's because the majority of us are.......SUUCKERRRRRRS! Its also the reason why i dont vote.. I rather watch wrestling.. its more realistic lol
2 years ago 2
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Hey, I live in America and I met a Spanish Aussie once. I moved his furniture. He was real cool, man. I was thrown off because his name was Jose, but he had an Australian accent. lol
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the elections are totally rigged.
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People still made the irresponsible decision. People still have a free will to make their individual decisions, no matter how manipulated they are. However, it still wasn't an honest election.
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I'm au fait with the Austrian's, however I'd stopped watching for interest rate news in Greenspan's time- missed the excitment completely. Thanks
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obama was not elected honestly. the media diluted the best men early in the election. leaving obama and accain and hillary to chose from. its all smoke and mirrors
2 years ago 3
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Very informative interview, but the crooks at the top are still crooks , wouldn't you say !
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in the words of Robert Murphy, "After holding rates at 1% for a year, the Fed then steadily ratcheted them back up to 5.25% by June 2006."
So after fueling an inflationary boom by buying like crazy, the Fed slowed its buying as it tightened its stance by raising the Fed Funds rate target. from 1% to 5% looks like a much tighter stance, wouldn't you say? are you unfamiliar with Austrian Theory of the Business Cycle?
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"people shouldn't be afraid of their governments, governments should be afraid of their people"
blobperson 2 years ago 7
Lol...there was no flaw in Greenspans ideology....things happened exactly the way he wanted them to.Easy money,low intrest rates...create the bubbles then contract the credit supply...the economy goes into the toilet.This fiasco was intentionaly created by billionares for billionares
Gunnarsguns 2 years ago 5