Ron Paul Humiliates Ben Bernanke so bad that CNBC had to cut him off.

inflation is the destruction of wealth by the state when they print mone they don't have or borrow money to pay for wars they can't afford or gov't burecracy. 500 millions a year to support the bureaucrats at SEC for putting martha stewart in bars for 5 months. Cost the taxpayer 1 million for martha stewart and that is just one example of wasted tax dollars.

less gov't is better gov't quote

citizens given up their individual freedoms so the state can 'protect' them. Don't Americans have the right to carry M-16 in their house.. who needs cops.


stock market suck
cash suck
bonds suck interest rates goes up in inflation.

only thing is commodities. hard assets and real estate but real estate is illiquid.

Quote from kickboxers:

inflation is the dilution of the currency. in other words a wage cut.
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shut down the SEC and the brokers/traders association can enforce the rules themselves.



Quote from kickboxers:

inflation is the destruction of wealth by the state when they print mone they don't have or borrow money to pay for wars they can't afford or gov't burecracy. 500 millions a year to support the bureaucrats at SEC for putting martha stewart in bars for 5 months. Cost the taxpayer 1 million for martha stewart and that is just one example of wasted tax dollars.

less gov't is better gov't quote

citizens given up their individual freedoms so the state can 'protect' them. Don't Americans have the right to carry M-16 in their house.. who needs cops.


stock market suck
cash suck
bonds suck interest rates goes up in inflation.

only thing is commodities. hard assets and real estate but real estate is illiquid.
More...
 
Quote from kickboxers:

shut down the SEC and the brokers/traders association can enforce the rules themselves.
More...

....with baseball bats, just like the old days.....
 
Quote from Landis82:

It's ALL Bernanke's fault right?

I mean, he's the one that has been running HUGE Federal Budget Deficits which has lead to a 50% decline in the dollar over the last 7 years, he's the one that failed to enact a comprehensive Energy Policy for the country, he's the one that allowed regulators to be "asleep at the wheel" when it came to ratings agencies and mortgage generation, not too mention the use of leverage in the system ( 33:1 for mortgage positions ), and he's the one that kept rates at dramatically low levels for years ( Alan Greenspan ).

The time to avert moral hazard was a long time ago. Unfortunately, we have had very little "leadership" in Washington the past 7 years for the good of the people.

Yeah..... it's ALL Ben's fault.
:(
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That guy Bunning said that the Fed was given the power to oversee mortgage lenders in the early 1990's - but they getting to using it this week??
 
Quote from kickboxers:

inflation is the dilution of the currency. in other words a wage cut.
More...

Direct taxation, wage cuts, inflation. They all take buying power away though they are not (usually) visited equally on all segments of society. So depending on your station in life you might have a preference for one or the other. But realistically, there is nothing wrong about speaking of inflation or wage cuts for that matter as a tax. If you cut direct taxation and substitute indirect taxation via inflation you have in effect introduced an "inflation tax" as a substitute for direct taxation. That's why all this talk by politicians to the affect "I will not raise your taxes" is an absurdity. Who do they think they are kidding? Most of the population apparently!

Bush says he has cut taxes when in effect he has raised our indirect taxes by an incredible amount via deficit spending->monetization of the debt-> inflation. He's a liar and a thief, as is any politician who claims to lower your taxes and than takes even more out of your pocket than the claimed tax cuts via inflation or foregone wage increases.
 
Quote from Landis82:

It's ALL Bernanke's fault right?

I mean, he's the one that has been running HUGE Federal Budget Deficits which has lead to a 50% decline in the dollar over the last 7 years, he's the one that failed to enact a comprehensive Energy Policy for the country, he's the one that allowed regulators to be "asleep at the wheel" when it came to ratings agencies and mortgage generation, not too mention the use of leverage in the system ( 33:1 for mortgage positions ), and he's the one that kept rates at dramatically low levels for years ( Alan Greenspan ).

The time to avert moral hazard was a long time ago. Unfortunately, we have had very little "leadership" in Washington the past 7 years for the good of the people.

Yeah..... it's ALL Ben's fault.
:(
More...


Excellent observation, Land.
 
Well there is a bearish situation from a global standpoint.. But I beleive after the war for oil the gold will get even stronger.... So there for I am bearish on stocks eventhough after the war I like stocks again especially if a positive ouctome + good job reports etc.
 
Ron Paul is great, shame that majority of Americans just don't or don't want to understand what the hell he is talking about. If I was American he would have my vote. He speaks the truth, others just concentrate on how well they bullshit the crowd, they all treat Americans as a bunch of really gullible people, telling you what you want to hear. Shame.
 
Quote from WaveStrider:

That guy Bunning said that the Fed was given the power to oversee mortgage lenders in the early 1990's - but they getting to using it this week??
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1994 to be exact.

But Bernanke didn't come into office as Fed Chairman till 2006. His predecessor was Alan ( I love to pump ) Greenspan who was Fed chairman from 1987 - January 2006.

People ( on ET ) mistakenly blame Ben Bernanke, yet he's simply cleaning-up Alan's mess while Congress and the Bush Administration act like "deer caught in headlights."
 
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