The roots and remedies of the financial crisis

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Leo Panitch: It's time to make banking a public utility Pt4/5

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[madebutante]

please support independent media like THE REAL NEWS. Please send them a large donation so they can preserve democracy and get new equipment. Thanks (a concerned American)

[danmcc22]

This guy does not paint the big picture or have a workable solution.

The problem is not the result of a few single past events or past US presidential policies. It is the credit based money system of the world. That system must be replaced.

The "Federal" reserve, and all other central banks should be transformed into organizations that serve every individual, not the few.

[mikeybrumbrum]

Ok, its pretty established now, that NO ONE is gonna put up with this rubbish.

Even the police dont want to work for half their wage, which is basically whats gonna happen, in america.

So, sooner or later, someone is just gonna arrest george bush or bama, or both. Maybe a few others, too.

Cus the police HAVE to do whats bets of rht eistuation (to keep the peace).

And thats NOT supporting thieving govts, who openly steal from the people.

How the fck would THAT be keeping the peace ?

[Roshibear]

What do you believe sound money really means, and how could ending the FED contribute to a sounder currency?

[bajawind]

How about trickle UP economics.

The Nationalization of Prosperity

This stimulus package would see the creation of a minimum level of prosperity, and would directly and immediately increase the need for local goods and services, creating a demand for millions of vacant homes.

There is no shortage of of goods and services in this country. Method and cost of access are the issue.

We can live well, satisfying the needs of the majority or we can have scarcity serving a tiny wealthy minority.

[ngonea]

All Congress needs to do, is do their job they swore to do, the Constitution gives them the authority and responsibility to create sound money for the common welth of the ppl.. They created the Fed Reserve act 1913, in secret, now they borrow money form Int'l Banksters, and make us pay back the loans. They can END THE FED

[ngonea]

U.S is spending on 2 wars, billions and you say

this guy is full of crap?

There is 2.3 trillion missing from the Pentagon, the area that was investigating the lost funds was hit my a mysterious airplane nobody can find?

What is your solution, more trickle down economics and continued W.S., or are you planning to bring black the KKK like former President Woodrow Wilson after the U.S. went broke spending on WW1 or 2 which ever it was. in the Land of the Free and The home of the Brave?

[bajawind]

this guy is FULL of crap, he is spouting the wall street version of doing good with greed.

[Roshibear]

Finally in reference to that last statement, deregulation is a joke. There are more regulations across the board on the books now then ever before. The problem is that these new regulations have be written by corporate lobbyists. I call this a soft fascism. I don't even know how we'd get to a truly free market from our current place, if we wanted to. So yea between a soft fascism and a soft socialism, I choose the later. Ideally however I would support truly free markets.

[Roshibear]

ignorant of how the banking system really works is to blame here. We've brought this upon ourselves as a society, and any other system we would have had in place was, in the end, just as likely to fail as this one.

Personally I would like to see this system changed so that people who behave irresponsibly will be more harshly punished for that behavior. That's the ultimate check and balance. That would required that both markets and information are free....

[Roshibear]

Main street is just as responsible for this mess as Wall Street.

The only Obama appointment so far that lacks real substance is his selection of Joel Klein as Secretary of Education. So yea there is a cultural war, and ruling financial elite that is turning U.S. secondary education into vocational training. Nevertheless everybody still has the opportunity to really educate themselves here. You can't just blame this on the financial elites, everybody who's been happy to invest and remain...