Current Events Current events, including politics and culture.

 
 
Thread Tools Display Modes
  #1  
Old 09-29-2008, 03:30 PM
atlas's Avatar
atlas atlas is offline
 
Join Date: Mar 2008
Location: Dallas Texas
Posts: 463
Default Money for nothing!!

Guys,


You'll love this!!!!!!!!!!!!

The song " Money for Nothing " fits it perfect as the song " Free Falling, " and " Money Talks," this is perfect!!!


http://www.youtube.com/watch?v=NU6fu...&feature=email


What can the libs say about this????


I LOVE IT




Atlas
The King James Bible Page SwordSearcher Bible Software
  #2  
Old 09-29-2008, 05:19 PM
Debau's Avatar
Debau Debau is offline
 
Join Date: Feb 2008
Posts: 177
Default

Quote:
Originally Posted by atlas View Post
Guys,


You'll love this!!!!!!!!!!!!

The song " Money for Nothing " fits it perfect as the song " Free Falling, " and " Money Talks," this is perfect!!!


http://www.youtube.com/watch?v=NU6fu...&feature=email


What can the libs say about this????


I LOVE IT




Atlas
What is there to love about any of this? Nobody wins. The implications of this fiasco portends nothing but disaster for America.
  #3  
Old 09-29-2008, 05:23 PM
Diligent's Avatar
Diligent Diligent is offline
Forum Administrator
 
Join Date: Jan 2008
Location: Oklahoma, USA.
Posts: 641
Default

Good video.

I doubt McCain has a good grasp on the economy either, but Obama will drive it right into the gutter if given the power.
  #4  
Old 09-29-2008, 05:24 PM
Diligent's Avatar
Diligent Diligent is offline
Forum Administrator
 
Join Date: Jan 2008
Location: Oklahoma, USA.
Posts: 641
Default

Quote:
Originally Posted by Debau View Post
What is there to love about any of this? Nobody wins. The implications of this fiasco portends nothing but disaster for America.
What we need is some swift chastisement. Let the market sort it out. Keep the politicians and the corporate bigwigs out of the same beds and this will hurt but not forever. If we bury our heads in the sand and pretend it's all fixable with yet another loan from our children and their children, we'll never recover.
  #5  
Old 09-29-2008, 05:29 PM
peopleoftheway peopleoftheway is offline
 
Join Date: Aug 2008
Posts: 645
Default

I don't know a great deal about whats happening over there in the states, but I can tell you the economy over here isn't getting any better either, I know from an unemployed mans perspective. It cannot be long now Saints.
Even so, come LORD Jesus.
  #6  
Old 09-29-2008, 05:30 PM
Debau's Avatar
Debau Debau is offline
 
Join Date: Feb 2008
Posts: 177
Default

Quote:
Originally Posted by Diligent View Post
What we need is some swift chastisement. Let the market sort it out. Keep the politicians and the corporate bigwigs out of the same beds and this will hurt but not forever. If we bury our heads in the sand and pretend it's all fixable with yet another loan from our children and their children, we'll never recover.

Ecclesiastes 8:11 Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil.

Agreed.
  #7  
Old 09-29-2008, 06:54 PM
Jeremy Jeremy is offline
 
Join Date: May 2008
Posts: 232
Default

I heard Ron Paul speak today,he was talking about the collapse of the american dollar,nothing new.
The collapse of the global economy could sure bring about the One world government, straight outta Europe, the old roman empire.
  #8  
Old 09-29-2008, 11:41 PM
atlas's Avatar
atlas atlas is offline
 
Join Date: Mar 2008
Location: Dallas Texas
Posts: 463
Default

Diligent


Quote:
What we need is some swift chastisement. Let the market sort it out. Keep the politicians and the corporate bigwigs out of the same beds and this will hurt but not forever. If we bury our heads in the sand and pretend it's all fixable with yet another loan from our children and their children, we'll never recover.

You are 100% correct my friend. This " quick fix " will just delay the way to really fix the problem.

I say this as a financial planner that works in the financial industry. The financial industry has gotten way out of hand over the last 50 years, it's time to let market fix it's self and then pick up and start all over again.



Atlas
  #9  
Old 09-30-2008, 06:45 AM
Scott Simons
Guest
 
Posts: n/a
Default

Quote:
Quote:
Originally Posted by Jeremy View Post
I heard Ron Paul speak today,he was talking about the collapse of the american dollar,nothing new.
The collapse of the global economy could sure bring about the One world government, straight outta Europe, the old roman empire.
Ron Paul has been telling anyone who would hear this for years, among other things. The church has fallen asleep and our judgment is coming first. She got on board with Hitler in Germany and who know who we will get on board with if enough presser is put on us. Now, the remnant has see this come for awhile and has been putting oil in their vessel, the suddenlys are coming fast.
We have cry out loud and have been called every name you can think of, saying it is nonsense and we are kooky, Ron Paul doesn’t seem so kooky now does he.
Woe unto them that are at ease in Zion, judgment begins in the house of God.
I think I will go have a little Huckabee pie or maybe not.
  #10  
Old 09-30-2008, 10:25 AM
atlas's Avatar
atlas atlas is offline
 
Join Date: Mar 2008
Location: Dallas Texas
Posts: 463
Default

Scott,


Ayn Rand, Ludwig von Mises, Murray N Rothbard and Milton Friedman and thousands of other have been taking about faith backed dollar, and shell game economy for years and years.

When your money is faith based and printed at will. The savings rate is at an all time low and the people's unsecured debt is at an all time high and the government is full of Marxist/Socialist what else can you expect failure. if we do make it out of, we are just putting it off till later. Unless we really fix the problem.


Atlas

Quote:
Bailout marks Karl Marx's comeback


Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout

By Martin Masse


In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”


If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.


Indeed, analysts at the Heritage and Cato Institute, and commentators in The Wall Street Journal and on this very page, have made declarations in favour of the massive “injection of liquidities” engineered by central banks in recent months, the government takeover of giant financial institutions, as well as the still stalled US$700-billion bailout package. Some of the same voices were calling for similar interventions following the burst of the dot-com bubble in 2001.
“Whatever happened to the modern followers of my free-market opponents?” Marx would likely wonder.


At first glance, anyone who understands economics can see that there is something wrong with this picture. The taxes that will need to be levied to finance this package may keep some firms alive, but they will siphon off capital, kill jobs and make businesses less productive elsewhere. Increasing the money supply is no different. It is an invisible tax that redistributes resources to debtors and those who made unwise investments.


So why throw this sound free-market analysis overboard as soon as there is some downturn in the markets?


The rationale for intervening always seems to centre on the fear of reliving the Great Depression. If we let too many institutions fail because of insolvency, we are being told, there is a risk of a general collapse of financial markets, with the subsequent drying up of credit and the catastrophic effects this would have on all sectors of production. This opinion, shared by Ben Bernanke, Henry Paulson and most of the right-wing political and financial establishments, is based on Milton Friedman’s thesis that the Fed aggravated the Depression by not pumping enough money into the financial system following the market crash of 1929.

It sounds libertarian enough. The misguided policies of the Fed, a government creature, and bad government regulation are held responsible for the crisis. The need to respond to this emergency and keep markets running overrides concerns about taxing and inflating the money supply. This is supposed to contrast with the left-wing Keynesian approach, whose solutions are strangely very similar despite a different view of the causes.

But there is another approach that doesn’t compromise with free-market principles and coherently explains why we constantly get into these bubble situations followed by a crash. It is centered on Marx’s Proposal Number Five: government control of capital.


For decades, Austrian School economists have warned against the dire consequences of having a central banking system based on fiat money, money that is not grounded on any commodity like gold and can easily be manipulated. In addition to its obvious disadvantages (price inflation, debasement of the currency, etc.), easy credit and artificially low interest rates send wrong signals to investors and exacerbate business cycles.

Not only is the central bank constantly creating money out of thin air, but the fractional reserve system allows financial institutions to increase credit many times over. When money creation is sustained, a financial bubble begins to feed on itself, higher prices allowing the owners of inflated titles to spend and borrow more, leading to more credit creation and to even higher prices.


As prices get distorted, malinvestments, or investments that should not have been made under normal market conditions, accumulate. Despite this, financial institutions have an incentive to join this frenzy of irresponsible lending, or else they will lose market shares to competitors. With “liquidities” in overabundance, more and more risky decisions are made to increase yields and leveraging reaches dangerous levels.


During that manic phase, everybody seems to believe that the boom will go on. Only the Austrians warn that it cannot last forever, as Friedrich Hayek and Ludwig von Mises did before the 1929 crash, and as their followers have done for the past several years.


Now, what should be done when that pyramidal scheme starts crashing to the floor, because of a series of cascading failures or concern from the central bank that inflation is getting out of control? It’s obvious that credit will shrink, because everyone will want to get out of risky businesses, to call back loans and to put their money in safe places. Malinvestments have to be liquidated; prices have to come down to realistic levels; and resources stuck in unproductive uses have to be freed and moved to sectors that have real demand. Only then will capital again become available for productive investments.
Friedmanites, who have no conception of malinvestments and never raise any issue with the boom, also cannot understand why it inevitably leads to a crash.
They only see the drying up of credit and blame the Fed for not injecting massive enough amounts of liquidities to prevent it.

But central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided. Injections of liquidities started more than a year ago and have had no effect in preventing the situation from getting worse. Such measures can only delay the market correction and turn what should be a quick recession into a prolonged one.


Friedman — who, contrary to popular perception, was not a foe of monetary inflation, but simply wanted to keep it under better control in normal circumstances — was wrong about the Fed not intervening during the Depression. It tried repeatedly to inflate but credit still went down for various reasons. This is a key difference in interpretation between the Austrian and Chicago schools.


As Friedrich Hayek wrote in 1932, “Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. ... To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about ...”


The confusion of Chicago school economics on monetary issues is so profound as to lead its adherents today to support the largest government grab of private capital in world history. By adding their voices to those on the left, these confused free-marketeers are not helping to “save capitalism”, but contributing to its destruction.


Financial Post

Martin Masse is publisher of the libertarian webzine Le Québécois Libre and a former advisor to Industry minister Maxime Bernier

http://network.nationalpost.com/np/b...-comeback.aspx
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

The King James Bible Page SwordSearcher Bible Software

All times are GMT -6. The time now is 05:41 AM.

Powered by vBulletin®, Copyright vBulletin Solutions Inc.

Website © AV1611.Com.
Posts represent only the opinions of users of this forum and do not necessarily represent the opinions of the webmaster.

Software for Believing Bible Study

 
Contact Us AV1611.Com