What is Digg?19 Comments
- inactive, on 10/10/2008, -0/+33If only people had listened to him from the beginning. The general public is currently paying for their blissful ignorance.
- DatVillain83, on 10/10/2008, -0/+29Thank you Ron Paul.
Ron Paul: Two Minute Talk > G.W.Bush: Five Minute Talk - TruthExposed, on 10/10/2008, -0/+24"Congress has a 9 percent approval rating and that's lower than the British had during the time of the signing of the Declaration of Independence."
http://politickermd.com/danielreiter/3858/ron-paul ... - theantirobot, on 10/10/2008, -0/+23Neither Obama nor McCain address the important issues. Vote third party in 2008.
Join the 2008 Third Party Movement Facebook Group.
http://www.facebook.com/home.php#/group.php?gid=31 ... - inactive, on 10/10/2008, -0/+20The point is that there isn't a politician of stature in Washington that will actually put "Country First" and here's why:
What the country needs, what the economy needs is a recession with no bailouts and the Fed needs to raise interest rates to 5 or 6 %. The government needs to apply tariffs of 12 to 15% on all imports and cut spending until the budget is balanced. The courts should streamline bankruptcies to make them as swift as possible so that the market can get all the bad debt off their books legally.
Many companies will belly up. The government needs to stand back and let those insolvent companies go through receivership.
Many people will lose their jobs. Unemployment could only be paid to those people if we were willing to cut back on other programs.
This is what we ought to do. Without intervention the recession would last a year and the economy that emerged at the end of twelve months would be stable and strong, but there isn't a powerful politician in Washington willing to risk his career for the good of the nation. McCain, Bush, Paulson, Obama, Dodd, Frank, Reid, Pelosi all want to pass the flaming bag of ***** to the next guy. - inactive, on 10/10/2008, -0/+19No. It was:
1) The socialist "Community Reinvestment Act", which forced banks to give home loans to unqualified borrowers. The banks were forced to meet ridiculous quotas. It got to the point where some borrowers were able to qualify for loans using their welfare or unemployment checks.
2) Freddie and Fannie - the socialist financial institutions, created by the government, that underwrote these bad loans.
3) The Federal Reserve - keeping interest rates artificially low for many years. The Fed's arbitrary cuts to interest rates A) encouraged malinvestment (i.e., bad investment in industries, such as the capital goods, with would have been unattractive had interest rates been set by the market); and B) requires massive amounts of new money to be printed out of thin air to meet the demands of the ill-fated bowers who are tricked by the low interest rates into investing in bad deals. This massive injection of new money into the market lead to inflation (i.e., the reduction of the value of the money that you work so hard for).
4) The Federal Reserve - Monetizing the Federal Government's budgetary short falls. When the Federal government wants to waste money on such things as a ***** "War on Terror" or "War on drugs" or "War on Poverty" or create a new massive and completely useless Federal bureaucracies like the Department of Education, but can't quite pay for it all with tax dollars and borrowed Chinese money, they simply have the Fed print up new money out of thin air (usually in the billions) to cover the short fall. Because these billions of new dollars do not come from actual economic growth, when they are released into the market, they cause even more inflation (i.e., the reduction of the value of your hard earned money).
So as you can see, what we are experiencing right now is not a result of the free market (fact is, we haven’t had a free market since before 1913). Together, the above 4 elements of central economic planning and government intervention created an enormous economic bubble, which MUCH at some point burst. And the more the Federal Government and the “Federal” Reserve intervenes, the harder the longer the crash will be. - Jeezopete, on 10/11/2008, -0/+16Thank you Ron Paul " Truth is treason in the empire of lies"
- odigity, on 10/10/2008, -0/+11I'm sorry... were you trying to teach Ron Paul economics? OMG, that's so cute!!!
- wjappe, on 10/10/2008, -0/+10And stop the "bleeding"of money financing "our" wars (no pun intended), stop the irresponsible foreign spending policy. We have to watch our budgets and so does our government who seems to think they have a unlimited supply of money to throw at anything they want, it seems intentional that they are ruining us. They are out of control and won't listen to us.
- boulder555, on 10/10/2008, -0/+9I don't think the average person is ignorant on purpose.
The Mainstream Media (MSM) has been willfully negligent in failing to inform the population.
We the people will have to work like hell over the next few weeks to get out the Third Party vote. - roho76, on 10/11/2008, -0/+6***** the "War on Terror" it's "The War on Reason" we should be concerned about.
- odigity, on 10/10/2008, -0/+6Well, yes and no. The MSM have made it nearly impossible to discover reality, but people also have to take personal responsibility for their own education.
I want to downtown today, stood in front of a few banks, and tried to give out free copies of several documentaries about money and banking. After the first thirty or so people said no or ignored me, I gave up.
Free documentaries. To understand what's going on. I burned them myself. And they said no. - tracywood, on 10/11/2008, -0/+6LOL... for real...
- inactive, on 10/11/2008, -0/+6I was considering burning 10,000+ copies of zeitgeist and mailing them to everyone in my area... It would be expensive, and I'm not sure anyone would actually watch them; but I haven't ruled out doing it yet.
- mlmvh, on 10/10/2008, -0/+5That is pathetic that no one would take your DVDs. Thanks for trying. I love to learn the truth about things, and I'm always happy to receive information that people are giving out! I guess that's why I'm a Ron Paul supporter!
- tracywood, on 10/11/2008, -0/+4That's like saying Americans are not overweight on purpose, it's just all those fast food restaurants...
- swiftysmith, on 10/11/2008, -0/+4Looks like Ralphdraw3 has been listening to the experts.
You know, Bernanke, Paulson, Bush and all the other doods who denied there was a problem just a few weeks ago.
But don't worry everyone they have the answer now!
Print loads more money and distribute it for your benefit (of course they wont be biased)
Create more regulation like the “Community Reinvestment Act” (Google it) that forces banks to offer a trillion Dollars in loans and mortgages to the poorer communities (sounds like a good idea doesn’t it?) - kemp34, on 10/10/2008, -3/+5All of the above.
- Ralphdraw3, on 10/10/2008, -23/+2No Ron - not over taxation:
CORPORATE EXECUTIVES LYING TO INVESTORS AND
LYING TO BORROWERS;
HUGE, ENORMOUS EXECUTIVE SALARIES AND BONUSES (EXECUTIVES WHO WERE LYING TO INVESTORS, ACCOUNTANTS AND REGULATORS)
MASSIVE SPECULATION BY WALL STREET AND GAMBLING ON UNSOUND LOANS
Wake up, Ron!!!!!!!!!!!
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