Petitions circulating to SECEDE FROM UNION -- this is going viral (!)

[bentom187]

BREAKING !:man throws money at problem

Bernanke Says Fed Will Do What It Can to Support Housing
http://www.bloomberg.com/news/2012-...d-will-do-what-it-can-to-support-housing.html

here we go again......

 

[unspoken]

Silence gives way to consent my ass..



Unspoken, there is another level of thinking some of us are involved with, some real big picture stuff you lack the eyes to see with, I understand humility and futility, so with that sir,

Good day.

Enlighten me, sir. I am way open to changing my views, I guess I just don't know what you are talking about 100 years ago. Just that we've let the fed do whatever it wants for so long?

 

[Jbonez]

Just that we've let the fed do whatever it wants for so long?

whats to talk about.

 

[unspoken]

OK, so, we're mad that we have let the government do whatever it wants for so long, now we are going to break off and throw it away and start anew. Now what? What's different about your new society? It's a libertarian free market society? Also, yes, yes, a stranger you don't even know lacks the ability to think on the same level as you, go on, tell me more about how humble you are. Also going to throw some ideas out here in a more organized manner:

1. Secession is not going to happen, thus this is a joke. Not that it's a joke that anyone would WANT to. You as a citizen can, it's called GTFO.
2. The world is not about to collapse, and the deficit is not as big of a problem as people are making it out to be. Neither is the bond yield. Yes, it's an indicator that people are not confident in stocks or other countries bonds. Got it.
3. The Government is bad. We started it and then stopped caring about it. Our forefathers left us methods of changing it, and they're not all gone yet thankfully.
4. The main reason we aren't going to change it any time soon is that it's not going to get bad enough to make joe 6 pack want to.

Are we in a bad economic place right now? Yes. Are we in a recession? no. Are we in a depression? yes. Was it predicted by these know nothing Keynesians that is was going to be a long one? Yes.

 

[whodare]

Not bragging at all. I just don't understand why if you guys understand what's happening and are also able to profit off of it, why are you so angry about it

this is what i see when i open my eyes and step back from the tree.

a country raped and pillaged for their oil.

another for oil diamonds and gold

a man forgotten by county and government

im fucking angry, and with good reason, but most of all im sad.

i wish i could do more than donate my time and money when possible, dodge taxes, live minimally, ya dig.

im sick of it. all of the most terrible crimes committed have been by government in its seek for power.

and why do you think it's all about to end(which why you may seem to be angry about it?)? The world is not about implode guys, at least not for economic reasons. What do you not understand that I've said? I'm not mad at anyone here especially Gramps as he seems like the only one talking to me that understands anything except govt bad.

My position is yes the govt is run by corporations. The govts job to control business, not the other way around. Only problem is I am under no delusion that a "free market" would be a benevolent overlord.

never gave a time frame just acknowledging an eventuality, and preparing accordingly, as there's no telling.

if government is controlled by corporations wouldnt you rather live in a free market where corporations dont have the avenues to be both the guy selling enema and they guy who made you get it?

 

[dagnabit]

Do you really believe that the 2008 recession didn't start from a lack of regulation?

quite the opposite
it was regulation that created to big to fail.
it was regulation that created the moral hazard that allowed the derivatives market as a whole.
it was regulation that created the housing "crisis".

 

[Jbonez]

OK, so, we're mad that we have let the government do whatever it wants for so long, now we are going to break off and throw it away and start anew. Now what? What's different about your new society? It's a libertarian free market society? Also, yes, yes, a stranger you don't even know lacks the ability to think on the same level as you, go on, tell me more about how humble you are.

I said I "understand" humility.

You would be so lucky, If say, I were willing to impart this perception.. Not my style... Im still in training if you asked one of the older "philosophers".. sure Im what people call "smart", Im just not that humble about it yet..

As stated, this thread is utterly pointless, if anything other than to enlighten those still thinking this has anything to do with red or blue.. Its class vs class..

May I go now?

 

[unspoken]

quite the opposite
it was regulation that created to big to fail.
it was regulation that created the moral hazard that allowed the derivatives market as a whole.
it was regulation that created the housing "crisis".

America emerged from the Great Depression with a tightly regulated banking system. The regulations worked: the nation was spared major financial crises for almost four decades after World War II. But as the memory of the Depression faded, bankers began to chafe at the restrictions they faced. And politicians, increasingly under the influence of free-market ideology, showed a growing willingness to give bankers what they wanted.
The first big wave of deregulation took place under Ronald Reagan — and quickly led to disaster, in the form of the savings-and-loan crisis of the 1980s. Taxpayers ended up paying more than 2 percent of G.D.P., the equivalent of around $300 billion today, to clean up the mess.
But the proponents of deregulation were undaunted, and in the decade leading up to the current crisis politicians in both parties bought into the notion that New Deal-era restrictions on bankers were nothing but pointless red tape. In a memorable 2003 incident, top bank regulators staged a photo-op in which they used garden shears and a chainsaw to cut up stacks of paper representing regulations.
And the bankers — liberated both by legislation that removed traditional restrictions and by the hands-off attitude of regulators who didn’t believe in regulation — responded by dramatically loosening lending standards. The result was a credit boom and a monstrous real estate bubble, followed by the worst economic slump since the Great Depression. Ironically, the effort to contain the crisis required government intervention on a much larger scale than would have been needed to prevent the crisis in the first place: government rescues of troubled institutions, large-scale lending by the Federal Reserve to the private sector, and so on.

 

[unspoken]

if government is controlled by corporations wouldnt you rather live in a free market where corporations dont have the avenues to be both the guy selling enema and they guy who made you get it?

You end up with the same situation in the end in a "free market" the same company polluting your water is the same company cleaning it and selling it back to you for ridiculous profit.

 

[bentom187]

these are short explinations of the austrian school approximatley 8minutes long.

Austrian Economist: Here's the Mainstream's Biggest Mistake
[YOUTUBEIF]cHLjmseGI-8[/YOUTUBEIF]


Austrian Business Cycle Theory
[YOUTUBEIF]5K4Os5eXPw4[/YOUTUBEIF]

if you decide your intrested in learning more
www.mises.org

 

[Jbonez]

shouldve added that by 100 years ago I was referencing the formation of the federal reserve.

I wont go as far as zeitgeist, but Im not far from it...

 

[frito bandito]

America emerged from the Great Depression with a tightly regulated banking system. The regulations worked: the nation was spared major financial crises for almost four decades after World War II.

alternate explanation: the new deal didnt save the economy and those problems were never solved. the worldwide destruction caused by ww2 basically everywhere but the US gave us a huge competitive advantage, which caused the boom which lasted decades.

The first big wave of deregulation took place under Ronald Reagan — and quickly led to disaster, in the form of the savings-and-loan crisis of the 1980s. Taxpayers ended up paying more than 2 percent of G.D.P., the equivalent of around $300 billion today, to clean up the mess.

is it deregulation that was the real problem? or the fact that government is bought and owned by the bankers?

And the Federal Reserve — liberated both by legislation that removed traditional restrictions and by the hands-off attitude of regulators who didn’t believe in regulation — responded by dramatically loosening lending standards.

fixed that for you

The result was a credit boom and a monstrous real estate bubble, followed by the worst economic slump since the Great Depression.

also known as: the second great depression

Ironically, the effort to contain the crisis required government intervention on a much larger scale than would have been needed to prevent the crisis in the first place: government rescues of troubled institutions, large-scale lending by the Federal Reserve to the private sector, and so on.

this reads like it came straight out of a history book from the year 2050. except this isnt 2050, this is 2012, and what you just posted is the current bullshit 2012 "expert economists" notion of whats going on, not the reality of whats actually happening.

basically youve done nothing more than regurgitated some bullshit you read out of a government propaganda pamphlet. you bought their bullshit hook, line, and sinker.

 

[SpasticGramps]

the deficit is not as big of a problem as people are making it out to be.

Errmmmm ask the Greeks about the joys of insolvency.

Yes, yes we can print money and monetize our bad debt for a while, but answer this.

Is doing the unsustainable to perpetuate the unsustainable, sustainable?

 

[frito bandito]

i might add the actual history books in 2050 will read far, far differently from what you just wrote. believe me they will have a LOT to say about the US....it will read a lot like the history of Germany

 

[dagnabit]

not to mention the '94-'98 legislative and administrative changes to the community reinvestment act that (for the first time ever) allowed the federal government via F&F to back bundled mortgages rated to the best mortgage in the bundle.
these same changes included a provision that forced any bank that wanted to buy/merge with another to have X amount of "CRA credits" essentially reverse redlining.
these changes coupled with grahm leech blailey created "to big to fail"
in a market with no government created moral hazard no bank would have ever:
A:made the questionable loans to begin with
B:bundled the questionable loans and sold the paper umpteen times
C:bet against their own loans
but with good ol uncle sam there to foot the bill when the whole shithouse comes crashing down its off to the races.
problem is our uncle is broke,unemployed and living off his credit cards.
now his credit is in good standing so he can open a few new lines(bonds)but he is just playing the shell game of balance transfer(print baby print)
unc has to stop living above his means(projecting his fetishes all over the world)or his whole shithouse will burn this time.

 

[Jbonez]

You guys do realize that 90% of America, including members on this forum will only call what we are talking about "conspiracy theory".

Im tired of waking people up, enjoy your fiat currency... such things are not meant to last.

 

[Green lung]

Im tired of waking people up,

LoL you guys are legends in your own mind




.

 

[SpasticGramps]

You guys do realize that 90% of America, including members on this forum will only call what we are talking about "conspiracy theory".

For sure.

If you ever bring up monetary theory, history of fiat currencies, Federal Reserve Bank, or etc the Pavlovian response from the herd is "tin foil hat conspiracy theory." It's a shame.

Overseas I had a lot German friends and in Germany monetary theory is mostly well understood by the electorate. In the US most people don't know what the Fed is or the function it serves. They can tell you all about Paris Hilton though. They don't understand what money really is or where it comes from and if you try to tell them they think your crazy.

The ignorance is disturbing, but it is what it is I guess. If we were ever to actually have a revolution the people would be rioting for more free shit and because their free shit is being taken away from them, not for freedom. The population is too indoctrinated.

We're all Greeks.

Stay Frosty.

 

[SpasticGramps]

LoL you guys are legends in your own minds.

I'm a legend in your pants.

 

[Jbonez]

LoL you guys are legends in your own mind




.

What are you in yours?