Who Predicted U.S. Economic Collapse Years Ago?

re: Who Predicted U.S. Economic Collapse Years Ago?

shiningstar — Tue, 28 Oct 2008 13:44:31 GMT

Hallelujah!!!!!

Ron Paul!! and some common sense!

re: Who Predicted U.S. Economic Collapse Years Ago?

StrawDog — Thu, 09 Oct 2008 05:12:27 GMT

Ron Paul:

Voted against stockholders having say so in CEO compensation.

Voted against impeachment attempts against Bush/Cheney twice.

Voted against campaign finance reform.

Voted to make class actions harder.

Voted to make citizen (not corporate) bankruptcy harder.

Voted for big oil tax cuts to offset the loss of their illegal subsidies.

Solution to pollution: Sell our public lands and deregulate pollution controls. People won't pollute on their own land.

Solution to corruption: Deregulate corporations. The public can sue them to control them.

Solution to health care: People can get healthcare working for corporations, or from charity.

Solution to abortion: Make abortion public and murder at federal level and bar the supreme court from hearing cases on it.

It goes on, and on, and on. Yeah, I know, it's all lies, right? No one could be this insane - could they?

Ron Paul didn't cure anyone's apathy. He survives because he attracts apathetic thinkers who put the blinders on. No one is going to make this easy for us. You have to do your research, you can't just believe someone because they point out the fed is private and corrupt, or claim to do everything for the Constitution.

You think restricting corporate political funding is unconstitutional? You think we can regulate pollution and consumer protections solely through class actions, which Ron Paul just made more difficult to take part in? You think a politician who wants you to have more rights, who respects the constitution, writes a ground breaking bill that restricts your access to the Supreme Court, the only friend the American citizen has left in the federal government?

If you think we have corporate influence over government now, look at Ron Paul's policies and imagine a world without corporate regulation, where not just the fed is private.

And the fact that Mercola is pushing Ron Paul again - I'm unsubscribing.

re: Who Predicted U.S. Economic Collapse Years Ago?

Stan1 — Sun, 05 Oct 2008 02:30:24 GMT

The financial services industry is one of the most regulated industries in the United States and the world.

The risk in regulated industries is not too little or too much regulation, but bad regulation...which the libertarian views as inevitable. There is no question that bad regulation, over a period of decades, is an integral part of how our economy got to it's current crisis. But it is fantasy to assume that a regulated over-leveraged industry can somehow right itself without government intervention.

The government initiatives so far are unlikely to stem the cascading crisis for 2 reasons: (1) it has not been fast enough and (2) $700 billion is nowhere near enough. Indeed there is a legitimate question as to how even the United States, with GDP of $13.8 trillion can prop up $62 trillion in bank assets and $74 trillion in derivatives currently outstanding. But only the U.S. government can marshall the funding and take a long enough time horizon to try...there simply is nowhere near enough private equity capital worldwide to stop the "run on the bank" that is now happening now.

Libertarian notions about reducing Government's role in the economy, while philosophically appealing, are reminiscent of Treasury Secretary Andrew Mellon who responded to economic downturn by urging banks and businesses to reduce debt in the early 30s. The paradox is that if all banks sell assets to reduce debt, the value of the assets declines faster than the debt. So leverage actually increases, and they have to sell even more assets to reduce debt, and so on. Over those 4 years, the stock market declined 89% and unemployment went to 25%. Not surprisingly, in a democracy, a majority will vote not to repeat that experience if possible.

Anyone who is not scared of what is happening in the global economy right now is woefully ill-informed about just how far "down" can actually go. If you have a 401k, a bank account or even a job, you should be hoping Paulson's plan works.

re: Who Predicted U.S. Economic Collapse Years Ago?

mangomer — Sat, 04 Oct 2008 15:04:39 GMT

Crime- criminasl, fruad, theft. people you know, names wirth faces, addresses, pillaging, raping- aided and abbetted by government.

Any othere framing is obfuscatory rhetoric.

I've been saying this about our whole way of life for decades (we being the pillagers). Now it's coming home to roost and we are having done to us that we've allowed those in our name to do unto others.

Disposssion through violence or implicit threat of violence is the heart of capitalism.

How does it feel, huh?

Did you think it couldn'y happen to you?

re: Who Predicted U.S. Economic Collapse Years Ago?

ocnoreen — Fri, 03 Oct 2008 00:33:53 GMT

Read "The Beast of Jekyll Island"

re: Who Predicted U.S. Economic Collapse Years Ago?

Kitera — Thu, 02 Oct 2008 22:25:34 GMT

While some of the commentary is amusing your lawmakers need to get in touch with reality. First - the US is not the first nation to suffer a contraction in the banking system. In recent years England and the Scandinavian countries have faced similar problems. Take a look at what others have done to stabilize banking systems - the best bet is to purchase equity. That will get you out of trouble with the least amount of pain. Simply providing cash through purchase of bad loans still leads to a contraction of the banking system. And no - the communist hoards will not invade your country if you purchase assets- you may even make a buck for the treasury and lower taxes without cutting citizen services.

Then you might consider a rational system of regulation that reigns in the stupidity that caused the problem in the first place. Start with looking at interest "deduct-ability" for mortgages. If you provide an incentive for individuals to "not own their homes" and use their equity in their homes as a revolving credit - you end up in the state you now find yourselves. Individuals controlling the banking systems may have been lax stupid and greedy but it takes individuals with those same characteristics to get into unsustainable situations - so there needs to be some personal responsibility as well.

If you don't solve this crisis in a rational manner you will end up as a second tier country.

re: Who Predicted U.S. Economic Collapse Years Ago?

syblecan2 — Thu, 02 Oct 2008 19:27:39 GMT

The Solution to all our problems would be to force churches to spend 10 percent of the money given

to feed the poor. Help those that are sick and help the widows and orphans. This was a commandment

of the Old Testament and they exceeded that in the New Testament. They sold their worldly goods

and helped those in the church . Church pastors are governed by a system to Help those who can't

help themselves. The Bible says to work 6 days a week and rest on the 7th. People should turn to

God not the government. The only problem I see is the church leaders should lead the way not

the taxpayer to pay for everything. The Godly system is broken also. The Kingdom on earth will be restored to mankind when Jesus returns but for now the church has commandments to help those in need. Love thy neighbor as thyself. Give and it shall be given unto thee. Teach your children by

example. The greatest of these commandments is Love. Your body is the temple of the holy spirit

do not destroy it . Dr. Mercola is a great teacher in this area.

re: Who Predicted U.S. Economic Collapse Years Ago?

CCurtis — Thu, 02 Oct 2008 18:21:14 GMT

Potter:

Your uk.youtube.com video links do not work. Can you supply a name for these videos so we can do a search to find them?

re: Who Predicted U.S. Economic Collapse Years Ago?

sherbuy — Thu, 02 Oct 2008 14:30:43 GMT

ozzieabroad, your anti Isreal, anti-semite ideaology is glaringly showing. people like you have been blaming everything on the jews for thousands of years. "rampant nuclear power" get real, Israel is only trying to survive. Vanunu is your hero, but he was only a headline seeking traitor, a very poor hero choice. The current state of world affairs was caused by greed, monetary and political greed, and it is not the domain of any religion or people. Just take a look at the Enron affair. Do you want to blame that excercise of dastardly criminal greed on Jews or Israel also ?

re: Who Predicted U.S. Economic Collapse Years Ago?

ozzieabroad — Thu, 02 Oct 2008 13:59:35 GMT

Banned Bush interview with Irish media: in.youtube.com/watch

John Pilger's "New rulers of the World" in.youtube.com/watch

and his "Breaking the Silence" in.youtube.com/watch

re: Who Predicted U.S. Economic Collapse Years Ago?

kingabarry — Thu, 02 Oct 2008 06:28:09 GMT

What no one on this forum is mentioning is the enormous power grab, - again, - that this administration is orchestrating. The Hegelian subterfuge to create, or let a condition ripen, then wait for mindless reactions, as expected, - then provide a solution. It happened with the Patriot Act, with the offshore drilling, and now with this arbitrary figure of $700 billion which will be in Hank Paulson's pocket, with no Congressional overisght. Congress will have been eviscerated with its control over pursestrings removed.

re: Who Predicted U.S. Economic Collapse Years Ago?

cobianne — Thu, 02 Oct 2008 01:42:24 GMT

Ron Paul is the ONLY one in Washington who gets it. And he's ridiculed by those that don't understand and are afraid of the truth he speaks. Ron Paul is who should be President! Not one of the two choices we have now....

re: Who Predicted U.S. Economic Collapse Years Ago?

Joseph K — Thu, 02 Oct 2008 01:31:29 GMT

Not only Ron Paul, but many patriots through the years have warned about the implementation of a central bank and the funny money system it brings. Had we heeded the warnings, we would not be here today, we would not have experienced the Great Depression, World War I, World War II, the Korean War, the Vietnam War, the Cold War, the Gulf War, and the global war on terror. All of this is made possible by the Federal Reserve. withonebreath.wordpress.com. Check out the blog on how the fed injects money into the system.

re: Who Predicted U.S. Economic Collapse Years Ago?

skip smyth — Wed, 01 Oct 2008 21:47:39 GMT

Found an interesting site that claimed US defecit is $9.7 trillion and change. Increasing at $2.16 billion daily. Kid born today is facing over $32,000 debt. Saw somewhere that China had 'purchased' some of said debt. Oh-oh.

re: Who Predicted U.S. Economic Collapse Years Ago?

naartjie — Wed, 01 Oct 2008 17:15:12 GMT

Who is the winner from partisan blaming and bickering?

I notice an increase in attempts by Republican and Democrat partisans to blame the other side for the bear markets and the recession/depression we are and will be experiencing.

This is natural, as elections near.

However, the winner in all of this is the government itself. When we fight each other over who is to blame, we lose sight of the incontrovertible fact that both Republicans and Democrats are to blame.

One can find news reports of bankers who categorically blame Clinton's regulatory impositions under the Community Reinvestment Act for igniting the subprime lending practices. One can find state regulators who blame the feeble and non-existent federal enforcement actions against mortgage company deceitful practices under the Bush administration. The investment bankers contributed heavily to both parties and secured the aid and comfort of the Chris Dodds in both aisles.

In the same way that Congress has with wide majorities approved of war in the Middle East and sanctioned Iran, it has fathered the subprime crisis and benignly neglected (as it wished to) the Fed's decimation of the dollar.

Divide and conquer. Partisan bickering benefits government.