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On May 26, 10:10*am, snakehawk wrote:
... *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 |
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