Glenn Beck Just Realize What's going on (part 1 )
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@WallStwizkid And just for the record I resent Glenn Beck and Fox News and all mainstream media outlets in both your country and mine, bar Judge Andrew Napolitano. Have a nice day, cause you won't get many of them soon enough.
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@samm1809 That's pretty funny lol. I guess that makes sense in Australia, considering Keynesian methods didn't exist till after the crash of 1929. Hmmm..what methods were in place prior to the crash...oh that's right, yours. lol...this is beyond laughable.
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@WallStwizkid You're exactly the sort of moronic sucker that ended up jumping out of downtown New York windows during the last depression. A smug, money-loving yuppie who has no common sense and laughs at the real world and the realities of human action in the face of whatever the latest Keynesturbator has decided are the facts. Have fun being the bottom of the barrel and victim of the ponzi scheme, self-professed Wall St. wiz KID.
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@samm1809 Meanwhile, your support is on methods that lead to a string of financial panics, bank failures, and the worst depression in modern day. It's laughable. It's also laughable how the citizens of Australia act on here. Bragging about their per capita stats and non existent global influence, as they conduct themselves like crude swamp creatures guzzling beer and spewing unnecessary profanity.
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@samm1809 That said, it wasn't a natural event and it was the only recession that's ever occurred under our current monetary system. Not to mention, the exemptions were voted for by the SEC, and had nothing to do with the Federal Reserve. In fact, only the $5bill. and up club needed bailouts, whereas mid-markets and community banks faced tighter restrictions under the Basel 2 model. They were intended to limit economic leverage, not just balance sheet leverage.
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@samm1809 Do yourself a favor, stop watching conspiracy theory videos online. It's clogging your brain with toxic input. Our economy is recovering just fine, from a recession that was caused by a speculative asset bubble, and an unnatural event, namely capital requirement exemptions for banks with $5bill. and up in tentative net capital, which resulted in underestimations of liquidation risks on balance and off balance. Particularly derivatives.
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it's not just obama's philosophy, it EVERYBODY'S philosophy! from when nixon said "i am now a keynesian in economics", the federal government has been the keynes machine. they teach keynesianism in every single presitigious university and even though it hasn't worked for decades, they still hire them because their resume says "harvard" or "yale". krugman is a hack. keynes himself didn't have an economics degree. JEFFERSON'S DREAM IS DEAD AND HAMILTON'S REIGNS SUPREME.
samm1809 1 year ago 4
The worst part about all this. Restoring Glass Steagall can still correct it. Too bad it'll never happen because this is all by design.
russkeller 1 year ago 4