What is Digg?115 Comments
- xenophrenia, on 11/07/2009, -4/+35It's only a matter of time before people start justice of their own. I strongly recommend these people get bodyguards - especially after they get preferential treatment with vaccines. Hopefully the vaccines are defective and takes them all out. I'm sorry for sounding this way but frankly I will not bat an eyelash when one of these crooks gets what's coming to them.
- govtdoesnotwork, on 11/07/2009, -15/+43These 4 words will get me buried, but reading this story only confirms it for me. I don't care if it's rude for me, as a former supporter, to say what's OBVIOUSLY true.
Ron Paul Was Right. Period. Follow the (crooked) money, and it all boils down to simple economics. http://site.theaustrianswereright.com/ - InactiveUser, on 11/07/2009, -1/+28Madoff is small fry compared to Goldman Sachs..
- LinuxLiberty, on 11/07/2009, -3/+23The entire banking system is a form of organized crime. Hope your kids enjoy working two jobs for ***** pay to pay off all the debt they are going to be paying to the bankster cartel.
- zoomaKabu, on 11/07/2009, -4/+24They might have "carted off" 12 trillion dollars but only because Bush, Obama and both houses of congress were helping them load the carts.
- LenBaird, on 11/07/2009, -1/+20Bush and Obama are shills for the same interests. They sucker the people by flip flopping it to a "new " administration, in this case one spoken for(edited out "led" because he is just the front man) by a charismatic, bright, well spoken guy. Unfortunately, on important issues(especially the economy/banking), he does the exact same things as the spoiled brat ***** that held the job last. In some cases, he has accelerated the bad policies.
- borez, on 11/07/2009, -0/+18There should have been a witch hunt through the ranks of these companies, it's disgusting how easily they've been let off.
And FTR: I've always wondered that if Bernie Madoff hadn't have come clean and had instead blamed the financial crisis for major losses and the collapse of his funds that even he probably could have walked away without a scratch too. - inactive, on 11/07/2009, -14/+29...and what about the Washington DC criminals??
Barney Fwank
Christopher Dodd
Maxine Waters
Gregory Meeks
Lacy Clay
These Democrat ***** blocked the investigation into Fannie Mae and Freddie Mac when the regulatory agency that oversees them started throwing up red flags, all the way back in 2004 !!!!!
They all rebuffed the regulator in 2004 hearings and practically threatened him after he tried to hold them accountable on all these no money down mortgage loans, they said Fannie and Freddie were just fine.
These ***** need dragged out into the streets...
You don't think there's any difference between the Democrats and the Republicans???? Then watch this video:
http://www.youtube.com/watch?v=_MGT_cSi7Rs - firesphotons, on 11/07/2009, -1/+15Every government is a form of organized crime, heavily influenced by huge money driving the operating principles in a way which ultimately skews omnipotence and wealth to a chosen greedy few.
- govsucks, on 11/07/2009, -9/+22HAH, Bush and Obama ROBBED us and indebted our children to pay off this fraud. Change? No "Words you can be suckered with."
- hurried, on 11/07/2009, -3/+15The Obama administration and congress is highly criticized for any reform measures they try to enact on Wall Street - the argument - attacking the corporate elite will hurt the country when they as a result invest their capital in other countries to avoid US oversight. So he's damned if he does and damned if he doesn't. I have been trying to get answers from Palin supporters (the apparent hero of the regular American) on what her position would be if elected on reforming Wall Street. Despite their claim that she is our salvation, not one fan on her site will answer my question. Why? Because she refuses to take a public position. Why? Because taking a public position about Wall Street against Wall Street pretty much guarantees that your election will not be funded. I don't have a problem voting for someone Palin endorses, if they will cleary state during their election campaign exactly what they are going to do the criminals among the corporate elite. But they can't say it and won't say it, because it is political suicide. Even if they do say it - apparently, there is a backroom deal made with Wall Street that once they get into office, they won't really push for the reforms. Wall Street has been electing our government for over a century. When they don't like what the politicians in office are doing, they manipulate the market and cause Americans to suffer. We Americans are quick then to blame the politicians and then we vote against them. Wall Street gets another politiician to replace them and then they manipulate the market and we get to live a little better. I also believe they fund the coffers of organizations and politicians who actively speak out against anyone who while in office tries to do the right thing. So any potential hero of the American people is villified (Hitler anyone?) and we buy it! We rally against the person trying to change the status quo and guess what, we get the same old same old. Do I think Obama is doing all the right things? No. But if he did - he would be impeached (or assassinated?) in an all out Wall Street funded war against his administration. Why did Reagan not rein in the criminals? Why not Nixon? Why not FDR? They can't - we won't let them. What is even more disgusting is that American soldiers die in wars to protect this "democracy" and the thanks we get from Wall Street is that if they are financially hurt in anyway by any regulation, they will sell out the country without a second thought! I am disgusted and I don't see a light. Does anyone have ANY real suggestions on what we can do to fix this mess?
- joculator, on 11/07/2009, -2/+13There's no accountability...none for 9/11...none for taking the US into an unnecessary war that ground our economy down....none for the market manipulation that took place in 2008 that drove oil prices up more than 100% in less than a year...and one for the mortgage "crisis".
The Bush legacy. - Waiting2awake, on 11/07/2009, -0/+10True to an extent. The wars should be stopped - but they aren't. The spying should be stopped* - but they aren't. The torturing should stop - but it isn't either. The Patriot Act should be stopped - but you guessed it it is either.
IF Obama had gone after the Bush admin for what they did, he wouldn't be getting the slack now he is from the libertarians. But he isn't going to do that, as they are one in the same. - acknotSW, on 11/07/2009, -1/+11I don't think it's going to come to that, although I'll agree that it's a possibility if things don't change. Even my parents, who have been hard core Limbaugh republicans ever since I've known them, think enough is just about enough. They think it's time to drag a few dozen CEO's and the next 40 to 50 top executives below them into the street and shoot them. Then turn to the rest of them, and I’m quoting my father here, say “get the message now or should we reload?”
- ZZeke, on 11/07/2009, -0/+10The "Bush legacy" is being carefully preserved by Obama and the rest of DC. Those who should be held accountable are still in the highest positions of government and the financial sector, give or take a few.
- LenBaird, on 11/07/2009, -0/+10Any candidate who wants real, effective reform of Wall Street (like prosecuting them for massive crimes and frauds) will be destroyed before they get anywhere close to being an "electable" candidate.
- inactive, on 11/07/2009, -5/+14The federal reserve runs the show. They operate in secrecy and they make all U.S. money. It's a shadow government that has hired and appointed your presidents for a century. By controlling the media with the trillions they have access to they tweak the popularity of each "front running" presidential nominee and they marginalize the ones who would keep the people unenslaved. We vote for their plants every time.
- LenBaird, on 11/07/2009, -1/+10Absolutely. Our government works as armed agents to facilitate the crimes.
- smashTasker, on 11/07/2009, -0/+8Not only are they going unpunished, they are being rewarded with bonuses and raises while people in the street starve.
- govsucks, on 11/07/2009, -5/+13Hey Austrians, whats you plan for cleaning up this ***** Keynesian mess.
Thats logical man.
/s
How about not following Keynesian economics in the first place. - Waiting2awake, on 11/07/2009, -1/+8Maddoff just didn't spend the right kind of money, in the right kind of places.
- Waiting2awake, on 11/07/2009, -3/+10So true, and becoming more apparent every day.
- wkenri, on 11/07/2009, -0/+7Does any hapless schnook here think Obama was elected because he was going to clean anything up? You don't become president if you aren't a part of the economic-political elite, the reason why Kucinich and Ron Paul will be kept out of the White House.
- nirvanix, on 11/07/2009, -1/+7The banksters are smart enough to change the face of government from time to time to give the illusion of democracy, but the game remains the same.
“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election without leading to any profound or extreme shifts in policy.” — Carrol Quigley, member of the treasonous Council on Foreign Relations, author of Tragedy and Hope (1975); mentor to Bill Clinton - tgc1, on 11/07/2009, -1/+7It's not the Bush Legacy. It's the oligarchy. It's the elites. Bush is part of the group that runs this show. People just have to put the pieces together to figure it out. It's just a shame it takes so long for people to get with it and take the time to figure it out.
- RossDuprey, on 11/07/2009, -0/+6I'm not paying anything. I have no kids. I saw this coming and did what was needed. Boycott the corporations. When it all crashes down the underground/black market will take over and we will have a real chance of liberty in our lifetimes.
- nirvanix, on 11/07/2009, -0/+6The banksters are smart enough to change the face of government from time to time to give the illusion of democracy, but the game remains the same.
“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to the doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can “throw the rascals out” at any election without leading to any profound or extreme shifts in policy.” — Carrol Quigley, member of the treasonous Council on Foreign Relations, author of Tragedy and Hope (1975); mentor to Bill Clinton - Waiting2awake, on 11/07/2009, -3/+9If they could've, they would've. They didn't, so they can't.
Also, as was stated There is no quick fix for this "crisis" and no amount of Keynesian interference will solve it (Although the creation of another bubble may give people the illusion of it being fixed) as the Keynesian philosophy is the root cause of the crisis. - hymneforthedead, on 11/07/2009, -2/+8does anyone even bother to complain to the FBI about this anymore?
- Lomstradamus, on 11/07/2009, -1/+6Oh yeah ACORN! Those hundreds of thousands of dollars really brought America to their knees.
/S
Get over it Freepers! - NoLibertarians, on 11/07/2009, -6/+11Or maybe not
http://www.ft.com/cms/s/0/bff18d82-ca75-11de-a3a3- ... - LinuxLiberty, on 11/07/2009, -5/+9Sure the Austrian plan does have a clear action plan, go to an honest 100% gold standard (or whatever commodity people freely choose to use) and we can stop suffering from these boom and busts to start out with.
- govtdoesnotwork, on 11/07/2009, -1/+5No, because people in power would NEVER conspire to stay that way, or profit from it!
Sigh. We DO have the government we deserve because this person's vote counts just as much as everyone else's. See why I'm a monarchist, people?? It's THIS!! (Unless he was somehow being sarcastic, I guess, in which case he's just not-funny!) - kinship, on 11/07/2009, -3/+7A gold standard would in essence stall economic growth because the supply of money that keeps on funding new innovations and ideas would just contract. The amount of gold and precious metals out there is ridiculously small, especially when compared to the amount of people in america and the world (About 100,000 tons exist ~ 300 million people in the USA), and would only serve to frustrate the liquidity of money.
- rcguy69, on 11/08/2009, -0/+4The only vote that counts is when you spend your dollars. Stop fattening the corporations that purchase the politicians and your got a start.
- allisonaxe, on 11/07/2009, -0/+4http://video.google.com/videoplay?docid=2498206364 ...
Very accurate video depicting modern day wall street. yes, The regulators get kicked out, rich old white men take over, steal all they can, and then, in their greed, go over the edge and destroy themselves. - mparker21311, on 11/07/2009, -1/+5Why aren't we asking who caused the crisis?
- MrFunStuff, on 11/07/2009, -2/+6@kinship
It's because theirs a small supply of gold other precious metals is what makes them so valuable.
"A gold standard would in essence stall economic growth "
Wrong the period from 1880 to 1914 is known as the classical gold standard. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital.
The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress passed the Gold Standard Act. In 1834, The gold standard broke down during World War I
The long term solution too our economic problems is to tie the dollar back to gold and legalize competition for the people(I.E meaning our citizen can use gold ,sliver ,Euro ,Canadian dollars or others to legally pay of debt and buy goods.) - tgc1, on 11/07/2009, -3/+7Here's how I see it.
Until people go ahead and figure out what Fiat Currency is, how the Fed is given the liberty of printing it (from nothing), and how the government then must pay interest on the money it borrows from the fed. We are all no more likely to succeed than in 1913. When they mentioned wealth, what are they talking about? Money isn't worth anything. It's fiat. It has no value. A billion is equal to a dollar. It's all the same when you get down to it. What matters is what you trade with it. Labor and Tangible goods (actual wealth).
So when people say they've lost their wealth. Do they mean their money or do they mean the tangible goods and/or the labor they must expend to exchange it for that fiat money? Do you get the picture here? If not, let me quickly try to summarize what I mean.
- Fed prints money from nothing.
- You work in exchange for money that was created from nothing and is backed by nothing.
- Therefore, what are you actually earning?
- When you exchange fiat money for tangible goods what are you actually doing?
See, the money game is quite complicated. Deliberately so. They make it unimaginably complex so that you don't sit there and think about it. They don't want you to think about it. Just believe. Go to work. Build THEIR empire. Build their ivory towers. Because you, like me, are slaves. You just don't know it. Because they give you things to hush you. To lull you into a false sense of security. But make no mistake, they who control money control you. And if they have the power to create it, they have the power to take it from you too (see: inflation, stock market manipulation etc). Ie. If you earn 10 dollars an hour, you then need to earn 20 to remain on the level.
Quick example. If I create 1 trillion dollars and it gets absorbed into the economy and then I print off another trillion. What happened to the first trillion? It devalued by half. That means the labor you expend for the next dollar you make will be worth exactly half of what it once was. Meaning you must then work TWICE as hard for what you once did. And the money you earn is then worth half as much.
Think about that a second. And when you realize the US dollar has lost more than 90% of its value since 1913. You have the answer for why we're all working ourselves to death and yet can't seem to ***** make it. - LenBaird, on 11/07/2009, -1/+5He will end up in Paraguay with Ken Lay after he "dies of cancer" in prison.
- mufasa, on 11/07/2009, -4/+8Speaking of child molesters, i heard that Glenn Beck raped and murdered a girl in 1990, is that true ?
- ZZeke, on 11/07/2009, -1/+5Is that sarcasm, or are you not reading any of the previous posts?
We don't need to ask, we already know. Hint: It wasn't a president, although they've all been complicit for many years. - brad3378, on 11/07/2009, -0/+3That's basically the same thing Hurried said above.
- akhomestead, on 11/07/2009, -1/+41. Wouldn't have happened without number 4
2. Wouldn't have happened without government guarantee’s and threats to loan to such people
3. That's just not right at all. Blame the rating agencies for being paid off for giving them a AAA rating.
4. Well you got one right. - eRaptor, on 11/07/2009, -0/+3The U.S. founding fathers believed our Democracy would need to be refreshed through occasional revolutions. Elections are a form of revolution, but once they become ineffective they stop serving the purpose for which they were intended.
While I'm not one to advocate violence, alternatives to revolution become less viable in the absence of responsible public/private sector governance. People will tolerate unacceptable living conditions as long as there's hope. However, once hope is lost, the potential for revolution becomes most probable (see Psychology: String Theory).
Of course, revolutionary behavior can be expressed in many ways. Violence is but one form. Other forms include greater incidences of crime against government/business leaders, property damage, private/public sector sabotage, lower productivity, nonviolent resistance, boycotts, etc. - Freakzilla, on 11/08/2009, -0/+3"Give me control over a nations currency, and I care not who makes its laws.” - Baron M.A. Rothschild
The Federal Reserve is above the law. The US government gave away ultimate authority when it signed the Federal Reserve Act into law in 1913. Woodrow Wilson apparently had a change of heart after signing the act, as evidenced by the following quote:
"I am a most unhappy man. I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated. The growth of the nation,
therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely
controlled and dominated governments in the civilized world.
No longer a government by free opinion, no longer a government by
conviction and the vote of the majority, but a government by
the opinion and duress of a small group of dominant men."
Also, it's interesting to note that one of the supposed reasons for the creation of the federal reserve system was to prevent economic panics and depressions (lol). - sophiaperennis, on 11/07/2009, -0/+3One of the problems, among many others within the FIAT system, is that these Collateralized Debt Obligations (CDO) and derivatives trade on private exchanges, which are not regulated by the Securities and Exchange Commission (SEC).
- PhoebusAl, on 11/07/2009, -2/+5"This is the world we live in!" - Phil Collins
- Kate1240, on 11/07/2009, -1/+4Goldman Sachs..
- VogonPoet, on 11/07/2009, -0/+3You do realize that Republicans were in the majority in 2004-2005? Democrats couldn't have blocked anything by themselves. Reality doesn't jive with your "Democrats are to blame for everything" world. If you're mad at the Democrats at least own up to the fact that you're mad at them for acting like Republicans.
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