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Boom and Bust Capitalism Collapse Crony capitalism Currency Debt Deficit Dollar Fiat Gold Greed Monetary intervention Money Recession silver The FED The Market
A MUST WATCH!!! ”Fraud. Why the great recession” is a crowdfunded documentary.
“Banking was conceived in iniquity and was born of sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen, they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.” — Sir Josiah Stamp, British civil servant, economist, and banker; Director of the Bank of England
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policies create phases of irrational exuberance, which are then followed by economic recessions, a result that every citizen ends up suffering from.
Good Article at Wealthdaily
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Well, you can thank the NEOCONS for deregulating the banks on the idea that they would “police themselves.”
Didn’t work out too good did it? Now how can you complain about that when you voted for Bush? Twice?!! Seems like you are the cause, not the solution.
First of all I didn’t vote 2 terms for Bush!! Secondly I agree with part of your comment on, regulation and banking. However I do disagree with it being a NEOCON issue.. The monetary policy that America has been pursuing over 2 to 3 decades is leading us into a hole of debt and death. You can’t pay debt with more debt. The people that are in office and the cabinet now were actually involved in the financial system when Obama was elected, and before .
Take Timothy Geithner for example. Your US Treasury Secretary. He was the president at the NY Federal Reserve November 17, 2003 – January 26, 2009.. If the TRUE regulation was an issue. Obama knowing what had happened when the housing bubble hit, he should have turned his cheek to him, but instead appointed him as number one economic hitman to his roster!(Who is also great time buddies with Jamie Dimon, who is the CEO of JPMorgan Chase) The biggest bank who controls the COMEX, and has a derivatives balance sheet that would make any banker jealous.
The fractional reserve system/banking is far out of control and needs to be reeled in. What I am trying to get at is, this is not a RIGHT or LEFT issue. Sure we can blame whoever we want, and that will get tossed like a Sunday salad on Tuesday, but it comes down to policy. And I will say that Obama is not shy to the markets or being invested in JPMorgan. He has insider trading, and made a fortune with the big pharm companies due to insider trading, due to a recently controversial health care bill.. They will help him to try and get his 2012 bid for president, but to be honest it won’t matter, and not TRUE free markets. Romney and Obama both believe in crony Capitalism, and those are the 2 that are picked by the powers that be to represent our nation. No matter what political paradigm fence you are on, They both end at the same place. And that is a devalued dollar, loss of reserve currency, and a disruption in the supply chain.. It is no longer about politicians on either side! It’s about humanity!!! Thriving and surviving together! Thanks for the comment. Keep the dream alive and LISTEN TO THE PIEHOLE!!
http://politicalpiehole.com/extraction/