American capitalism is a sham at best.. and SCAM at worst

[Petsamo]

Quote from Ricter:

Look who's talking.

I'm not pretending to be moderate. I galdly admit I'm a conservative capitalist Republican.

 

[Ricter]

Quote from Petsamo:

I'm not pretending to be moderate.

*shrug* according to you neither am I. So we've boosted our post count, nothing more.

 

[phenomena]

Sure they are, they want the state to monopolize most things. Of course Marx said that eventually at some point the state would "wither away", because people would all end up living in perpetual communist utopia because people would all just eventually be motivated by "fairness", "equality", and "goodwill toward mankind", and this would render the state unnecessary. All this only applied to white people, of course.

Quote from Ricter:

They're not, by definition, goof.

 

[Ricter]

Quote from walter4:

"We have learned that the $700 billion Wall Street bailout signed into law by President George W. Bush turned out to be pocket change compared to the trillions and trillions of dollars in near-zero interest loans and other financial arrangements the Federal Reserve doled out to every major financial institution in this country. Among those are Goldman Sachs, which received nearly $600 billion; Morgan Stanley, which received nearly $2 trillion; Citigroup, which received $1.8 trillion; Bear Stearns, which received nearly $1 trillion, and Merrill Lynch, which received some $1.5 trillion in short term loans from the Fed.

We also learned that the Fed's multi-trillion bailout was not limited to Wall Street and big banks, but that some of the largest corporations in this country also received a very substantial bailout. Among those are General Electric, McDonald's, Caterpillar, Harley Davidson, Toyota and Verizon.

Perhaps most surprising is the huge sum that went to bail out foreign private banks and corporations including two European megabanks -- Deutsche Bank and Credit Suisse -- which were the largest beneficiaries of the Fed's purchase of mortgage-backed securities.

Deutsche Bank, a German lender, sold the Fed more than $290 billion worth of mortgage securities. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

Has the Federal Reserve of the United States become the central bank of the world?
The Fed said that this bailout was necessary to prevent the world economy from going over a cliff. But three years after the start of the recession, millions of Americans remain unemployed and have lost their homes, life savings and ability to send their kids to college. Meanwhile, big banks and corporations have returned to making huge profits and paying their executives record-breaking compensation packages as if the financial crisis they started never happened.

What this disclosure tells us, among many other things, is that despite this huge taxpayer bailout, the Fed did not make the appropriate demands on these institutions necessary to rebuild our economy and protect the needs of ordinary Americans.

For example, at a time when big banks have nearly a trillion dollars in excess reserves parked at the Fed, the Fed did not require these institutions to increase lending to small- and medium-sized businesses as a condition of the bailout.
At a time when large corporations are more profitable than ever, the Fed did not demand that corporations that received this backdoor bailout create jobs and expand the economy once they returned to profitability.."


http://www.huffingtonpost.com/rep-bernie-sanders/a-real-jaw-dropper-at-the_b_791091.html

Profits are up, never higher, as we've heard, and today we hear that unemployment has crept up. I'd say capitalism is just about working as intended.

 

[Petsamo]

Quote from Ricter:

*shrug* according to you neither am I.

According to me, you're a communist, not a moderate.

 

[Petsamo]

Quote from phenomena:

All this only applied to white people, of course.

I don't remember Karl Marx saying communism is only for white people.

 

[Petsamo]

Quote from Ricter:

I'd say capitalism is just about working as intended.

Capitalism is not what Obama and the Democrats have been working on.

 

[Ricter]

Quote from Petsamo:

Capitalism is not what Obama and the Democrats have been working on.

Good, 'cause it's fubar.

 

[phenomena]

Because you read the official version, edited by contemporary Marxists- They were more virulent hateful racists than anyone in the republican party ever dreamed of being:

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Quote from Petsamo:

I don't remember Karl Marx saying communism is only for white people.

 

[Petsamo]

Quote from phenomena:

Because you read the official version, edited by contemporary Marxists- They were more virulent hateful racists than anyone in the republican party ever dreamed of being:

That was cool phenomena! Thanks!
Marxists, Democrats, KKK, Ricter, all deserve each other.