3/9/2009 Economic Update By The Man Who Predicted The Collapse: Economic Update

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[eurohim]

That's cold...taking vids from his very own channel to pad your channel.

[PhilDeCarolis]

I knew that this comment would come up, that is why I asked Peter for permission prior to posting, he said it was fine since others are already posting his Blog videos anyway. Thanks for your comment.

[4rcane]

Bill Maher is a socialist

[burnowan]

Eh... I listened to the whole thing and didn't here him talk about being bullish on the dollar.

[pretorious700]

works for me

[yjfoo81]

tiny tits and tight pussy!

[pretorious700]

Do the Chinese Barbies have tiny tits?

[magariqartveli]

The Fed was encouraging borrowing BECAUSE THE ECONOMY CAN NO LONGER GROW BY ANY OTHER MEANS: no new consumer markets (US jobs are overseas), no new labor markets (cheap labor already tapped into fully overseas), no new natural resources (we are depleting existing reserves). Thus the fed created a fake, debt-fueled consumer economy. Now we've tapped out that debt and we are in a depression caused by the destruction of the production-driven economy. Pax Americana is over, like it or not.

[madhuradi]

PARASITES! THAT'S EXACTLY WHAT THESE BANKS HAVE BECOME! SUCKING VITAL MONEY TO COVER THEIR LOSSES

bad ethics when these bankers come on talk shows and sell the audacity of hope nonsense

[myhipsi]

For example, he blames the downfall of the economy on capitalism and greed and believes that the solution is big government. The truth of the matter is, it was government/fed intervention in the economy that contributed to the massive bubble that got us here in the first place. In a true free market economy, greed is always in balance with fear. That is the natural regulator of the free market. The government/fed essentially made money available for cheap and reduced fear by securitizing debt.

[controlpopulation]

I agree, Stewart was wrong in going after Santelli. He was against ALL bailouts corporate and personal.

[VirginiaTagz]

Maybe Bill knows there's nothing funny about the economy. I don't know the whole story, I like Bill and I listen to you so I don't know.

[MengersDisciple]

The only difference between Stewart/Colbert and the MSM is that they are much more sly in their partisanship.

Stewart called Rick Santelli a "derivatives trader" and implied that Santelli was FOR the bank bailout but against the mortgage bailout.

On both counts, Stewart was a pathetic hack. Santelli is indeed a derivatives trader -- in commodities/currencies/CDs/tre­asuries, not the "innovative" financial derivatives behind the current crisis.

And Santelli was never for ANY bailout. Period.