Lifestyle > Train of Thought
BREAKING NEWS: Wall Street down in triple digits as Lehman Bros. goes bankrupt
jeromechickenbone:
--- Quote from: M Dogg for Obama on September 16, 2008, 05:51:03 AM ---
--- Quote from: Poppa Large on September 16, 2008, 04:39:08 AM ---
--- Quote from: M Dogg for Obama on September 15, 2008, 09:33:55 PM ---
--- Quote from: McSwagger on September 15, 2008, 02:55:29 PM ---i think its about time to be looking at Ron Pauls economic policies.
--- End quote ---
less regulation got us in this mess to begin with. Want great Ron Paul type presidents, look at the 1920's. That ended in a Depression.
--- End quote ---
You don't understand banking. Government involvement, the fed, and the credit system have devastated the country. The govt fucks up everything it touches. Those fucktards need to stay the fuck home and let a free market determine the winners and losers.
And I've told u 1000 times, the creation of the fed in 1913 caused the great depression
--- End quote ---
The creation of the fed had nothing to do with it.
In this current time, how would Ron Paul pay off the debt. If Ron Paul was president, how could we possibily have a military when there are people who don't like us, and would invade, and I'm not talking terriorist.
Now iwhen it comes to this topic of Wall Street, what would Ron Paul would have done when the banks set up these morgages that people were losing there homes over. Let the market determain the outcome. Well that's exactly what's happening. The market has called Lehman Bros. and Merrill Lynchm failures, and now people are calling the market itself a failure. Ron Paul would do nothing but let the market work it's way. Look up Herbert Hoover.
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Dog, you have no grasp of the The Fed and the credit system in general. I'm not a know it all, but I was a finance major and I've worked in banking for 6 years. The Fed is THE MOST POWERFUL organization in the US. They have zero oversight and it's not even known who exactly owns it. They single handedly determine inflation, interest rates, wall street, etc. Since the inception of the Fed, they have manipulated markets not just in the US but trillions of dollars in derivatives in many other countries. They have hoarded TONS of gold, they have agressively confiscated gold from those who have large amounts.
Not sure why you started asking me about Ron Paul, I didn't mention him. But Paul would easily combat the deficit by altering our foreign policy which would save, oh, i don't know a cool trillion. You're making up lies or are grossly misinformed if you think Paul wouldn't have a military. We just wouldn't have military presence in 120 countries around the globe like we currently do, that's for goddamn sure.
You're speaking of the bank failures? Those failures occurred BECAUSE OF THE FED!!! The Fed is the governing body over national banks. They are the top authority and are completely complicit w/ what is going on right now. There is nothing different happening in the last 2 years than what was happening in the last 8-10. The Fed audits every bank annually and saw the exact same types of lending practices for years but overlooked it. Now that shit has hit the fan, they are going into all the banks and saying how bad everything is! Where the fuck were they at 10 years ago? The same shit happened w/ the S&L collapses in the 80's - they readily admit they took heat because it was their job to oversee all the banks and they were asleep at the wheel. They don't want that to be the perception this time around.
With all the buyout / acquisitions - who do you think orchestrates that? THE FED. Bancorp, Bank of America, JP / Chase are all essentially government run institutions. They are forcing these mergers because if these banks fail there will be hell to pay.
The King:
Is anyone hoping the entire US economy collapses, and capitalism fails? Shit, Mexico and Canada better start building their own fences to keep those Americans inside and locked away from the rest of the world. Without you're approval, every American citizen is to blame for what's happening. Can't waste and burn all that cheap food, oil and water forever. Welcome to the rest of the planet, where everything is expensive, and we can't overconsume every natural commodity.
America is flawed because they simply over consume what they can't afford.
herpes:
--- Quote from: The King on September 16, 2008, 10:20:00 PM ---Is anyone hoping the entire US economy collapses, and capitalism fails? Shit, Mexico and Canada better start building their own fences to keep those Americans inside and locked away from the rest of the world. Without you're approval, every American citizen is to blame for what's happening. Can't waste and burn all that cheap food, oil and water forever. Welcome to the rest of the planet, where everything is expensive, and we can't overconsume every natural commodity.
America is flawed because they simply over consume what they can't afford.
--- End quote ---
America will get hit the hardest but many other developed nations are going down the same drain.
Dubbz:
Today was a lovely day, too, for a change...
Matty:
gold went up 9% this week.
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