Financial Information
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#3 written by mayna_smo_mry 1 year ago
I;ve only been saying this since the first stimulus. He is clearly using all we have. He is not about fixing the economy, or health care he is all about government control. He is working on his change, to change us to a nazi country, and the stupid senators can;t see beyond their noses, they are too busy grabbing what money they can. stupid as they are you would think they would know this money will be worthless.just as they are.
and yes they are all morons. -
#4 written by Bill 1 year ago
what do you mean trying, Obama has already crashed the US economy, with the help of Bush and congress. do you realize that our country is now in debt to the tune of about $ 61 trillion and most of that money was given to European Banks. this I believe was done by our enemies who are now in charge of our gov. the question is can we get our country back. unfortunately I don’t think it’s possible with everyone fighting about partisan politics and not seeing the real problem. your right though the gov has it share of morons, but so does the general public.
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#5 written by suthrngal 1 year ago
Yes, I think that everybody connected with the Treasury Department and the Federal Reserve wants a much lower dollar, but they do want an orderly and slow decline so as not to upset world markets. I know they say they want a strong dollar and all that for public consumption, but they really don’t.
They have gotten into such a mess with the fiat currency that they have to crash the dollar because there is so much debt in the system. They want to crash it in order to pay with cheaper money.
This brings up the question of the “National Debt.” There is no national debt no matter what anybody says, because it is impossible to have debt with fiat currency. Fiat currency by its very name and definition implies default from its beginning. Talk of the Federal Government debt is nonsense. They print all the money they want. This in itself makes debt a non-event.
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#6 written by A Republicrat 1 year ago
It it interesting to note that Greenspan, the former Fed Chairman, was a free marketeer before becoming the chairman. He aligned with the Austrian School before being appointed. Here is an article he wrote in 1966 explaining why the political class demonizes the gold standard.
http://www.321gold.com/fed/greenspan/1966.html
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
It is not unreasonable to believe that these elitests know more about economics than what they let on to the public. They know exactly what they are doing…
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#12 written by Rico 1 year ago
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#13 written by I , a happy Bolshevik 1 year ago
The current crisis becomes an unresolved riddle if its is separated from the transitional character of our epoch of capitalism in decline.
Capitalist nationalizations, “the negation of capitalism within the capitalist system itself”, are an extreme action to rescue capital from bankruptcy. Within the framework of the actual social regime, nationalization puts the charge of the crisis on the shoulders of the working people through the increase of the public debt, unemployment, inflation etc. From the other side, it’s an objective manifestation of the process of preparation and transition to the collective property of the producers under the control and management of the direct producers themselves.We …
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A lot of very smart people are keeping the trainwreck going in slow motion, rather than just watching it crash and burn at normal speed. It’s really quite amazing how long the complete collapse of America (not just it’s financial system) has been strung out.