There Is No Hope Left: Listen to Bernanke's Answers To Ron Paul's Questions Yesterday

[Anaconda]

Quote from scriabinop23:

Ron Paul is a silly hyperbole of someone who lacks the capacity to understand the implications of his ideas if actually enacted.

No, you just have no idea what is going on. That is ok, at least 80% don't have a clue, they just drink the kool aid.

If you bothered to listen to Ron Paul, he has a big understanding of what his proposals would do. You just can't seem to accept that the consequences of this monetary system over the last 100 years cannot be avoided. Either deal with it or keep putting on bandages till you have total collapse.

Enjoy the upcoming years, sounds like you're ready, lol.

 

[Avid_Consumer]

i wanna see the acrobatics.

bernanke's answers weren't satisfying

he offered basic corollaries. ...we're not prolonging a flawed method, we're using it to free things up...

the counter position is to let the numbers speak, without shifting the costs. they will anyway. don't socialize the solution and constipate equilibrium, confound it with real equity, cause bitter revolutions, etc

it's a basic, true message. let economic reality happen. who's against economic discovery? people on the winning side of manipulation. is that all americans, some americans, a few americans? not a simple q

 

[timscott]

I sent emails to the fed requesting that TARP funds be used to set up a new, healthy, bank. Let the old banks die. Let people pull there deposits and put them in the new bank.

Bernanke said depression caused because banking failed. If we set up a new bank we're still in business. Let the new bank make loans.

All we are doing is sending taxpayer money down a black hole.


I received no reply to my email.

 

[tradersboredom]

these morons are still talking about the 1930's great depression.

the leverage in 1920's was even bigger than now.

banks failed and people who had deposits in banks/brokerages lost money no insurance or bank accounts or brokerage accounts. bank runs as people panic and people put cash under their mattreses literally.

etc with losses in people's savings in investments, demand for goods and service collapsed overnight as people's wealth in savings/investmetns collapsed overnight.

cash or capital evaporated.

Bernanke doesn't control gov't debt or incompetency of bank ceos who fuck up their balance sheets. FED can't create profits or create companies or create jobs. FED can't create wealth.

Quote from ByLoSellHi:

http://www.campaignforliberty.com/blog.php?view=10574


We're fckud.

 

[tradersboredom]

options trading was illegal from 1934-1970 and market manipulation was heavily enforced until the 80's

no retail forex markets trading until the 1980's

Quote from tradersboredom:

these morons are still talking about the 1930's great depression.

the leverage in 1920's was even bigger than now.

banks failed and people who had deposits in banks/brokerages lost money no insurance or bank accounts or brokerage accounts. bank runs as people panic and people put cash under their mattreses literally.

etc with losses in people's savings in investments, demand for goods and service collapsed overnight as people's wealth in savings/investmetns collapsed overnight.

cash or capital evaporated.

Bernanke doesn't control gov't debt or incompetency of bank ceos who fuck up their balance sheets. FED can't create profits or create companies or create jobs. FED can't create wealth.

 

[forextrades]

Quote from tradersboredom:

these morons are still talking about the 1930's great depression.

the leverage in 1920's was even bigger than now.

banks failed and people who had deposits in banks/brokerages lost money no insurance or bank accounts or brokerage accounts. bank runs as people panic and people put cash under their mattreses literally.

etc with losses in people's savings in investments, demand for goods and service collapsed overnight as people's wealth in savings/investmetns collapsed overnight.

cash or capital evaporated.

Bernanke doesn't control gov't debt or incompetency of bank ceos who fuck up their balance sheets. FED can't create profits or create companies or create jobs. FED can't create wealth.

True.

We may not see a run on the banks thanks to FDIC, but our money will definitely be devalued.

Plenty of worthless money may be readily available for everyone. So what's the difference? It's a slow drip form of death rather than quick and painful.

The price of good/services slowly rises, but wages don't go up proportionately. The fact still remains that the system is flawed and needs to be completely blown up, not just overhauled.

 

[ammo]

anyone remember the story "the Emperor Had No Clothes" No one can speak the truth, my guess is that there were a lot of shady transgressions that were not illegal because they were offshore,but the mortgages being sold multiple times were backed by Freddie and Fannie and the fact that they didn't act ,makes them unwiting acccomplices at best ,accomplices at worst,either case leaves the US and it's reputation in peril,and if these truths come to fruition the shit will hit the fan,i think the market is being artificially supported to give them time to come up with a plausible lie,blaming it on a handfull of subprime mortgage holders doesnt hold water when you think about the magnatude of the tsunami wave that started out with defaulted sub prime loans, If u gave away 500,000 ,20,000 dollar down payments that is 10 billion . Double that your up to 20 billion.This is an oversimplified common sense view. The real truth is world shaking,we will probably not know what that is for another 20 years.

 

[nravo]

Quote from ljyoung:

One of the problems one has when dealing with a liar as profligate as Mr. Bernanke, is having/taking the time to digest the load that has just been dumped on you (shit is notoriously difficult to digest). It is tiresome at best to hear the 'you got to be able to think on your feet' crew chime in when the response to the crap takes longer that a certain amount of predetermined time. Bernanke is a toad of the first waters and with any luck will soon by enjoying a new career blathering on some lower tiered lecture circuit.

lj

"a toad of the first waters"?

 

[dtan1e]

Quote from nravo:

"a toad of the first waters"?

what he meant is a toad of the first degree, toad face, toad character, toad substance, toad all over

 

[nravo]

Quote from dtan1e:

what he meant is a toad of the first degree, toad face, toad character, toad substance, toad all over

I figured that; I just thought we had a poet among us, for a second there.