Enron

Tickle Me
Moderator
Oct 11, 2005
75,668
I suggest you take a look at what the likes of Karl Denninger, Peter Schiff, Mish Shedlock, Bill Black, Bill Still, Max Keiser, and other similar economists are advocating. Very forcefully at times, by the way. They are not "mainstream" Keynesian economists like that idiot Paul Krugman who claims the Fed needs to increase its balance sheet so a "desirable" amount of inflation can be forced upon the system. Apparently Democrats and Republicans (no matter what they claim) still think you can inflate your way out of economic distress like Japan, Argentina and Weimar tried to do. It's sheer idiocy.

There is a reason why we have adhered to the same economic policies for the last 30 years. The same folks that managed the Clinton economy were hired by the Bush administration and promoted by the Obama administration. Larry Summers, Tim Geithner, Ben Bernanke, et cetera... all of them played a roll in developing the disaster in the 90's under Clinton. Free lunch economics, accounting fraud, and corruption, stuff that inarguably wrecks a free market will be protected by these clowns.

The solutions to these problems are quite simple and are advocated by the individuals listed above. Prosecute fraudulent accounting activity by the large banks, prosecute fraudulent mortgage foreclosures by the large banks, make high-frequency trading and other market shenanigans illegal, put Ben Bernanke and Hank Paulson in jail for sponsoring this crap under their oversight, destroy the Federal Reserve and restore monetary policy to the people, and allow interest rates to rise so that we can build a suitable economy for the future. You don't have to know multivariable calculus to look at a chart and see that the purchasing power of the US dollar has decreased over 90% since the Federal Reserve Act of 1913. That's all central banks know how to do... rob the middle class of its purchasing power.

These solutions are proposed all the time, but nobody in the mainstream media or political parties advocate this stuff. It is quite simple, as long as we have Republicans or Democrats in office, the Federal Reserve system, along with systemic fraud in the economy, will go unchecked. As long as Washington is hijacked by Wall Street, we will face economic policy designed to support failed financial institutions at the expense of your purchasing power and future. Ben Bernanke and his clan of rogue bankers only care about one thing, and that is the future of their cohorts on Wall Street. If that means they debase the currency into oblivion, they will take those measures. They know the contagion of fraud and futility is so deep that they would rather make the problem worse than have it collapse before their friends drain every single cent out of the nation they possibly can.

EDIT: All of the folks I named in this post PREDICTED this current mess. Krugman, Bernanke, and the other folks who run policy DID NOT. Why were they promoted?
Cool man, I'll do some googling of those names when I get the opportunity. Thanks for the information.

I do have a request. You talk about solutions in your reply, but you don't really elaborate. Could you give me a general break down if you don't mind? I'm just busy til Thursday this week, so I don't have much time to look for myself.

I understand breaking the Federal Reserve, prosecuting the major bank frauders, and interest rate freedom . Just hazy on what "restoring monetary policy" means.
 

swag

L'autista
Administrator
Sep 23, 2003
84,799
Cool man, I'll do some googling of those names when I get the opportunity. Thanks for the information.

I do have a request. You talk about solutions in your reply, but you don't really elaborate. Could you give me a general break down if you don't mind? I'm just busy til Thursday this week, so I don't have much time to look for myself.

I understand breaking the Federal Reserve, prosecuting the major bank frauders, and interest rate freedom . Just hazy on what "restoring monetary policy" means.
A fair question...
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,292
@Andy
You do realize that the "tea party" is an astroturf organization funded by big cash and their "end taxes" stance is just so the super rich don't have to pay all those darn taxes? Yeah. Things are not always what they seem.
Dude, no matter who is in power, the super rich don't pay taxes anyway. The tax code is actually written for people that know what they're doing to get out of paying them. Robert Kiyosaki wrote a whole fucking book on it.

I'm not claiming the Tea Party is the answer. That movement was hijacked. It's cooked. But the original movement itself is a solid one, yet nobody knows anything about it because the mainstream media takes a few whackos and paints them as the leaders of the movement. So in actuality, nobody really knows anything about the movement.

I've been to a town hall Tea Party meeting. Have you? Has Greg? Probably not. But yes, we're all racists who arose just because we have a black president, one I voted for.

It's not about issues. It's about the allies you choose to represent those issues.

But what would Andy be without the conspiracy theory. Dude, you're like a shark. Without the conspiracies filling your gills, you would surely die. :p
What conspiracy theory? What are you even talking about?

You're the conspiracy theorist claiming everyone who cares about deficits are racists. I know you're a Democrat but jeez, you're taking this race baiting to a whole new level.

"You care about not going bankrupt? Racist!" :lol:

Cool man, I'll do some googling of those names when I get the opportunity. Thanks for the information.

I do have a request. You talk about solutions in your reply, but you don't really elaborate. Could you give me a general break down if you don't mind? I'm just busy til Thursday this week, so I don't have much time to look for myself.

I understand breaking the Federal Reserve, prosecuting the major bank frauders, and interest rate freedom . Just hazy on what "restoring monetary policy" means.
No worries, I'm glad you actually care about this stuff. Too many people don't.

The Constitution originally stated that money creation should only be controlled and issued by the Congress. They knew, even back then, that central banks would only tax the economy through creating inflation. Even 120 years before the Federal Reserve Act, those guys knew what the hell was going on because of their knowledge of the bank of England!

So what I meant is that monetary policy should be restored to the people, meaning that a private Federal Reserve system should at least be checked by the people, meaning Congress. I'm not delusional... I know the Federal Reserve is here to stay unless they destroy themselves, which is a real possibility if they continue this course of debasing the Dollar. But in the mean time we do need to audit the Federal Reserve, check what they have on their balance sheet, and get rid of this stupid secrecy where only a couple folks in suits control monetary policy for us all. Auditing the Fed may actually destroy them, but that's too bad. Their policies destroy capital formation and the purchasing power of the middle class. They might as well have called it the Destroy Our Own Currency Act of 1913.

So the solution, right now, real time, is to prosecute the fraud and audit the Fed. Folks also have to understand that all of this accounting fraud and FED shenanigans of debasing the currency will only encourage a capital flight from our nation, meaning that the economy will get even worse. Investors overseas are tired of the lies from Ben Bernanke and Tim Geithner, lies of a "strong dollar policy" and "we will not screw over your banks!", so they aren't going to invest in us. You can't have a viable economy where one half consists of computers trading derivatives backed by nothing and worth nothing, and the other half consisting of the government and central bank backstopping everything from investment banks to even our own US Treasury Notes. It's fucking absurdity and it will collapse sooner or later.
 

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