Obama is as clueless as McCain on economics, and almost seems loath to touch anything centered on economic policy, delegating it to seemingly anyone who's standing in the room.
Faber Says U.S. Government May Fail in 5 to 10 Years; Calls Bernanke "A Criminal"
- Thread starter ByLoSellHi
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Quote from Scataphagos:
If we were truly a capitalistic economy... THIS is what we'd be doing.
1. Replace the Fed with a computer which increased the money supply by about 2% per year to keep pace with population growth... no gold standard necessary.
2. NOT manipulating interest rates, tax favors, nor money supply.... there would be NO bubbles.
3. NOT be deficit spending.
4. There would be NO inflation... no deflation either.
Bond and short term interest rates find their own level of supply and demand.
Look what we have... MANIPULATION OF THE MANY TO THE BENEFIT OF A FEW, BULLSHIT!
.........................................................
Perfectly stated...
Just add the change in tax structure...
To a 10/5 C tax only...
Done....
Gold has nothing to do with it....
Scarcity has everything to do with it....
central planning lead directly in my mind to communist russia... At the end the divergence is only in where the centralization takes place...
Track record for Bernanke so far is one of habitual liar, along with a good percentage of DC. I am with Faber on this one.
Bernanke is a scumbag, filthy rat. If I weren't such a nice person, I'd raise wild boars like in that one Hannibal Lecter movie and train them to eat his beard off his face.
Faber says all central bankers except for India's are printing money, postponing the collapse and supporting their economies with borrowed money.
Faber says all central bankers except for India's are printing money, postponing the collapse and supporting their economies with borrowed money.
if USA fails while Obama is president, guess what will happen?
ethnic pogroms from all sides the like you have never seen since the holocaust
ethnic pogroms from all sides the like you have never seen since the holocaust
You know only what the media feeds you. Those of us that trade various markets know the tradeable bourses are not reflecting the apocalyptic picture the pundits are painting. Likewise it's not all rosy either, but as always there are good sectors and bad sectors.
I don't understand why people complain so much instead of working.
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Chorus:
f this city f this city up
are you really happy while your living in shit?
f this city f this city up
what the f are they going to do about it?
f this city fuck this city up
lets show these bastards that were sick of f taking it
f this city f this city up
what the f are they going to do about it?
Chorus:
f this city f this city up
are you really happy while your living in shit?
f this city f this city up
what the f are they going to do about it?
f this city fuck this city up
lets show these bastards that were sick of f taking it
f this city f this city up
what the f are they going to do about it?
Unless you work inside a high level department of government and have access to information few others do, can't you say the same about yourself?
I believe that those who claim Bernanke has gone way too far with his quantitative easing, and that he's merely postponing the medicine, thereby making the disease worse, are correct.
Maybe I'll be proven right, or maybe I'll be proven wrong.
But the thing that really irks me about Bernanke is that he lies to the American People. When he claims we are exiting recession before we have, and urges people to go out and spend, even taking on more debt in the process, and when his stimulus selectively targets a narrow slice of American Business (the financial sector) is such a focused, intense way - he is a poor actor.
All Bernanke is doing is borrowing money to try and reflate asset values and stimulate consumption. There's no coordination or game plan with any other entity of government to produce real GDP growth or improve business conditions or lay the foundation for individuals to become wealthier in real terms.
He is borrowing and spending to postpone the real meltdown.