On May 26, 10:10Â*am, snakehawk wrote:
...
Â*The spendthrift Republicans who allowed
international money changers to scoop up and gamble away most of the
available cash have now become thrifty nannies who think the way to
prosperity is for government to sit back and allow the international
bankers to control the rate of America's recovery.

Marc Faber, Obama Makes Bush Look Like a Genius 
http://www.youtube..com/watch?v=RfrovBR4BcQ
Gerald Celente on the State of The Union 
http://www.youtube.com/watch?v=UPwaeaGOOUE
http://www.youtube.com/watch?v=v9JHTilpdfY
http://theburningplatform.com/groups...of-reality/dis...
http://moneynews.com/StreetTalk/davi...itehouse/2010/...
http://www.youtube.com/watch?v=Qk1O9TVJ4w8 
http://www.youtube.com/watch?v=fiDgfS2pOio
http://www.youtube.com/watch?v=U2pOsvEwQi8 
http://www.youtube.com/watch?v=qvAlbpnmsPs&feature=fvw
http://www.youtube.com/watch?v=gPdpP9Uu5Lc 
http://www.youtube.com/watch?v=U2pOsvEwQi8
http://www.youtube.com/watch?v=zIJkArWvqu4 
http://www.youtube.com/watch?v=EcblkyjmOtg
http://www.youtube.com/watch?v=UlDNMB6wYmI&NR=1
http://www.youtube.com/watch?v=78ddURofMWs&NR=1
http://www.youtube.com/watch?v=UfuiN...1&feature=fvwp
http://www.youtube.com/watch?v=gdBIRD87-Ao&NR=1
http://www.youtube.com/watch?v=kA5dfcMNtCo&NR=1 
“The idea that you
can fix a period of excess borrowing and excess 
consumption by more
borrowing and more consumption to me is just 
ludicrous,� 
Jim
Rogers, 
an American 
investment guru 

"....government and the banking
system 
have deliberately created 
financial bubbles to shore up the
economy, 
engender profits, and 
maintain tax revenues."
http://www.youtube.com/watch?v=8vk91jU8Bt0
Soros Warns of Market Crash
Thursday, 15 Apr 2010 10:58 AM Article Font Size
Railway porter-turned-billionaire financier George Soros delivered a
stark warning that the financial world is on the wrong track and that
it may be hurtling towards an even bigger boom and bust than in the
credit crisis.
The man who ‘broke’ the Bank of England (and who is still able to
earn 
a cool $3.3 billion in a year) said the same strategy of
borrowing and 
spending that had got us out of the Asian crisis could
shunt the 
financial world towards another crisis unless tough lessons
are 
learned.
Soros, who worked as a porter to pay for his studies at the London
School of Economics after emigrating from Hungary, warned the
financial world to heed the lesson that modern economics had got it
wrong and that markets are not inherently stable.
“The success in bailing out the system on the previous occasion led
to 
a superbubble, except that in 2008 we used the same methods,� he
told 
a meeting hosted by The Economist at the City of London’s modern
and 
impressive Haberdashers’ Hall.
“Unless we learn the lessons, that markets are inherently unstable
and 
that stability needs to the objective of public policy, we are
facing 
a yet larger bubble.
“We have added to the leverage by replacing private credit with
sovereign credit and increasing national debt by a significant
amount.�
One crumb of comfort could be the 10-year period between the 1998
Asian crisis and the 2008 credit crisis. If the pattern is repeated,
it should at least mean we have another eight years to go before the
next crash.
© 2010 Reuters. All rights reserved. Republication or redistribution
of Reuters content, including by caching, framing or similar means,
is 
expressly prohibited without the prior written consent of
Reuters.
http://moneynews.com/StreetTalk/geor...sh/2010/04/15/...


http://www.rense.com/general85/chall.htm
http://www.youtube.com/watch?v=9h2x7...eature=related
http://www.youtube.com/watch?v=Pt4VLX96VLM 
The same people who
complained about the widening wealth gap now 
think 
the new money
printing and borrowing is such a wonderful and 
necessary 
policy
forget it helps the rich the most. The policies are 
intended 
to
avoid depressing asset prices which has the effect of 
shrinking the
wealth gap. Who owns most of the assets if not the 
wealthy? How do
you 
stop asset price deflation? By inflation. Who 
suffers most from
inflation? Poor people. Who benefits most from 
inflation? Rich
people 
who own assets. 
Evidently change we can 
believe in is no
change. The rich get richer 
and the poor get poorer 
by government
policy, just like always. 
http://www.youtube.com/watch?v=o7moo-O2Rok
http://www.youtube.com/watch?v=CtllmgvoT_g
http://www.youtube.com/watch?v=9nU3f...eature=related
http://www.youtube.com/watch?v=qfoTo...eature=related
http://www.youtube.com/watch?v=LSqhr...1&feature=fvwp

"snakehawk" wrote in message
...
On May 26, 8:37 am, "Fred B. Brown" wrote:
"?baMa? Tse Dung" wrote in
...

In a recent article at the Huffington Post, Lynn Parramore assembled a
team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see these
economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's
a Greek Socialist emigrant, considering that the Greek economy
is collapsing I take what she has to say with a grain of salt.

At least consider the underlying theme--that government has a duty to
provide sufficient money to sustain the economy, and that government
is the source of money. When an economy has the potential for
expansion, the government should make additional money available. The
government should curtail spending and reduce the money supply only
when the economy is at maximum production and more money simply leads
to inflation.

President Roosevelt (D) took the US off the gold standard in the 30's.
The gold standard required the Treasury Dept to print only as much
money as the value of gold held by the government. Taking the US
off the gold standard allowed the government to print more money
than the value of it's gold to pay for Roosevelt's New Deal programs.
The money printed was to be backed by the good faith of the government
and the strength of the American economy.
The US economy is in the toilet and the government is printing money
faster than McDonald's can make french fries.
Economic meltdown is on it's way.

The Republicans have it all backwards. The Bush administration not
only spent money like drunken bank robbers, they also spent the money
of useless wars and overseas adventures. They not only opened the
money vaults to big business, they also shoveled the money to
nonproductive investment banks, hedge funds, and international
gamblers.

The Republicans kept a loose money policy even while America's
production facilites were being transferred overseas and America'
manufacturing base was shrinking. The result was the collapse of the
United States monetary system and the economy.

And now that crippled US economy is rebounding and more money is
needed to fund the expanding activity, the Republicans oppose
government spending and expanding the money supply, the exact opposite
of what is needed right now. The spendthrift Republicans who allowed
international money changers to scoop up and gamble away most of the
available cash have now become thrifty nannies who think the way to
prosperity is for government to sit back and allow the international
bankers to control the rate of America's recovery.

"bpnjensen" wrote in message
...
On May 26, 7:48 am, dave wrote:
Fred B. Brown wrote:

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's
a Greek Socialist emigrant, considering that the Greek economy
is collapsing I take what she has to say with a grain of salt.

Really? I remember her as a flaming right winger back in the day.

She changed - she ditched the hubby and went left pretty hard.

Powered by a big V-8, twin turbochargers and a lead foot on
the accelerator pedal.

On Wed, 26 May 2010 07:10:23 -0700, snakehawk wrote:

On May 26, 8:37Â*am, "Fred B. Brown" wrote:
"?baMa? Tse Dung" wrote in

...

In a recent article at the Huffington Post, Lynn Parramore assembled
a team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see
these economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a
Greek Socialist emigrant, considering that the Greek economy is
collapsing I take what she has to say with a grain of salt.

At least consider the underlying theme--that government has a duty to
provide sufficient money to sustain the economy, and that government is
the source of money. When an economy has the potential for expansion,
the government should make additional money available. The government
should curtail spending and reduce the money supply only when the
economy is at maximum production and more money simply leads to
inflation.

Thank you for renewing my faith in the ability of the people in the USA
to THINK and reason.

The Republicans have it all backwards. The Bush administration not only
spent money like drunken bank robbers, they also spent the money of
useless wars and overseas adventures. They not only opened the money
vaults to big business, they also shoveled the money to nonproductive
investment banks, hedge funds, and international gamblers.

Yup. The Republican goal has always been the destruction of government.
They have attempted doing so by destruction of the currency and by
creating massive debt.

The Republicans kept a loose money policy even while America's
production facilites were being transferred overseas and America'
manufacturing base was shrinking. The result was the collapse of the
United States monetary system and the economy.

It hasn't collapsed YET. The Republicans are into that part of the plan
at this point.

And now that crippled US economy is rebounding and more money is needed
to fund the expanding activity, the Republicans oppose government
spending and expanding the money supply, the exact opposite of what is
needed right now. The spendthrift Republicans who allowed international
money changers to scoop up and gamble away most of the available cash
have now become thrifty nannies who think the way to prosperity is for
government to sit back and allow the international bankers to control
the rate of America's recovery.

They WANT a depression where the rich Republicans that were awarded all
the money by the Republican government can lord it over the productive
servants. The proper way forward is a devaluation of the money by
printing more of it and a tax system that keeps this new money out of the
hands of the current money holders (the Republican thieves).

--
"Senate rules don't trump the Constitution" -- http://GreaterVoice.org/60

On May 26, 10:52*am, Bob Dobbs wrote:
bpnjensen wrote:

Ah, that's right - another one of those right-wing gays! :-)

That's what always seemed so ironic about Log Cabin Republicans.

--

Operator Bob
Echo Charlie 42

But what could be more delicious than irony? Speaking of which,
please pass the syrup... ;-)

On 5/26/2010 9:37 AM, Fred B. Brown wrote:

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's
a Greek Socialist emigrant, considering that the Greek economy
is collapsing I take what she has to say with a grain of salt.

So, being 'Greek', a 'socialist' and an 'emigrant' has just exactly what
to do with the Greek economy collapsing?

Presumably, you are an American (and unless you are a Native American,
you are also an emigrant)...so to follow your reasoning, that would make
you responsible for the current American Depression.

On May 26, 12:25*pm, Joe from Kokomo wrote:
On 5/26/2010 9:37 AM, Fred B. Brown wrote:

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's
a Greek Socialist emigrant, considering that the Greek economy
is collapsing I take what she has to say with a grain of salt.

So, being 'Greek', a 'socialist' and an 'emigrant' has just exactly what
to do with the Greek economy collapsing?

Presumably, you are an American (and unless you are a Native American,
you are also an emigrant)...so to follow your reasoning, that would make
you responsible for the current American Depression.

Sounds fair to me ;-)

On May 26, 12:15*pm, Michael Coburn wrote:
On Wed, 26 May 2010 07:10:23 -0700,snakehawkwrote:
On May 26, 8:37*am, "Fred B. Brown" wrote:
"?baMa? Tse Dung" wrote in

...







In a recent article at the Huffington Post, Lynn Parramore assembled
a team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see
these economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

Arianna Stasinopoulos Huffington is a 'real' financial expert. She's a
Greek Socialist emigrant, considering that the Greek economy is
collapsing I take what she has to say with a grain of salt.

At least consider the underlying theme--that government has a duty to
provide sufficient money to sustain the economy, and that government is
the source of money. *When an economy has the potential for expansion,
the government should make additional money available. *The government
should curtail spending and reduce the money supply only when the
economy is at maximum production and more money simply leads to
inflation.

Thank you for renewing my faith in the ability of the people in the USA
to THINK and reason.

The Republicans have it all backwards. *The Bush administration not only
spent money like drunken bank robbers, they also spent the money of
useless wars and overseas adventures. *They not only opened the money
vaults to big business, they also shoveled the money to nonproductive
investment banks, hedge funds, and international gamblers.

Yup. *The Republican goal has always been the destruction of government.. *
They have attempted doing so by destruction of the currency and by
creating massive debt.

The Republicans kept a loose money policy even while America's
production facilites were being transferred overseas and America'
manufacturing base was shrinking. *The result was the collapse of the
United States monetary system and the economy.

It hasn't collapsed YET. *The Republicans are into that part of the plan
at this point.

And now that crippled US economy is rebounding and more money is needed
to fund the expanding activity, the Republicans oppose government
spending and expanding the money supply, the exact opposite of what is
needed right now. *The spendthrift Republicans who allowed international
money changers to scoop up and gamble away most of the available cash
have now become thrifty nannies who think the way to prosperity is for
government to sit back and allow the international bankers to control
the rate of America's recovery.

They WANT a depression where the rich Republicans that were awarded all
the money by the Republican government can lord it over the productive
servants. *The proper way forward is a devaluation of the money by
printing more of it and a tax system that keeps this new money out of the
hands of the current money holders (the Republican thieves).

No need to devalue the currency. Inflation only occurs when the money
supply exceeds the nation's ability to expand production. Right now
the United States is operating at a fraction of its ability to
produce, mainly because of the shortage of available cash caused by
eight years of Republican mismanagement and the profligacy of
international money shufflers.

What most people don't realize is how much capital simply disappeared
in the hectic gambling antics of the big investment banks and hedge
funds. The notional value of all those wierd derivative trades
amounted to tens of trillions of dollars.

The big Wall Street gamblers borrowed gobs of money from the
commercial banks--represented by account entries--then lost it and
reneged on paying the commercial banks back--represented by account
entries--leaving the commercial banks with little capital and books
full of bad loans. The effect was that gobs of money was taken out of
commerce and effectively lost to commerce and industry.

Now the government must make new capital available to commerce and
industry to allow the economy to recover. And the same people
responsible for the near collapse are standing in the way of recovery
by demanding that the government stop injecting needed currency into
the economy.

On May 26, 9:42Â*am, bpnjensen wrote:
On May 26, 7:34Â*am, Lisa Lisa wrote:



On May 26, 8:35Â*am, ∅baMa∅ Tse Dung wrote:

In a recent article at the Huffington Post, Lynn Parramore assembled a
team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see these
economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

There's no scarcity of goods, and soon, thanks to this crisis, they'll
be piling up in warehouses all over the world.

There's a scarcity of consumers with enough cash to buy those goods.
That's why the world will probably go into some kind of deflationary
spiral quite soon.

Lisa

Unfortunately this is true. Â*Enormous worker productivity and endless
cheap imports along with lack of domestic largesse have seen to that.

And by the way, in case you haven't noticed - a deflationary spiral is
not nearly as good as it sounds!!!

Bruce Jensen

its a very bad thing. and it could lead to a world wide depression,
then war.

On May 26, 10:30Â*am, Ramon F Herrera wrote:
On May 26, 7:35Â*am, ∅baMa∅ Tse Dung wrote:

In a recent article at the Huffington Post, Lynn Parramore assembled a
team of economists to refute nine "myths" about the deficit. On the
one hand, it was refreshing to see these economists discuss with such
candor the fact that our financial system is backed up by nothing but
green pieces of paper. On the other hand, it was shocking to see these
economists laud the fact.

Read mo HuffPo Abolishes Scarcity - Robert P. Murphy - Mises Daily

http://mises.org/daily/4349

Ah, another Gold Adorer.

That "green piece of paper" represents the trust that the world
accords to the US success. It could be pictures of naked Elvis
instead, it matters not.

Incidentally, if the US sold all of its gold to pay for the deficit,
it wold cover only a very small fraction.

Stop adoring false prophets, you are kindly advised.

-Ramon

don't ya love the gold bugs. what they do not understand is that the
holders and dealers of gold, will gladly sell you their gold, for
little green pieces of fiat paper. what does that tell you about gold