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#Post#: 3--------------------------------------------------
Inflation
By: napistac Date: November 21, 2011, 10:00 pm
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HTML http://www.ritholtz.com/blog/2009/03/inflation-adjusted-dow-is-at-1966-levels/
#Post#: 8--------------------------------------------------
Re: Inflation
By: napistac Date: November 21, 2011, 11:27 pm
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This, in my opinion is way more telling of the true state of the
American economy
#Post#: 10--------------------------------------------------
Re: Inflation
By: Nickaroma Date: November 22, 2011, 12:56 pm
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Why has there been so much debt? (leads to inflation) Because
the banks you seek to give more freedom nearly tanked the
world's economy. Thereby causing the bush administration (uber
right) to use the fed & treasury as a bailout bank in order to
save the world from economic meltdown. The evil socialistic
bailouts that saved the world you are fond of demonizing is
actually making us money now. Also, the gold standard is not
the way to go, I agree the fed needs new faces and some serious
restructuring but getting rid of it as you want to do is not the
solution. You're going to let the corpratists win, they
infiltrated government, they fucked up and now they want your
help to dismantle it in favor of private for profit services.
This is not the answer, the system isn't broke, the people in it
are just morally bankrupt and tied to corporate puppet strings.
Trickle Down doesn't work, Corporations don't create jobs:
HTML http://www.nytimes.com/2011/11/22/business/rash-to-some-stock-buybacks-are-on-the-rise.html?pagewanted=1&_r=2&seid=auto&smid=tw-nytimes&adxnnlx=1321984977-KXpFhEgWfddPfw0bJXNIPw
HTML http://www.nytimes.com/2011/11/22/business/rash-to-some-stock-buybacks-are-on-the-rise.html?pagewanted=1&_r=2&seid=auto&smid=tw-nytimes&adxnnlx=1321984977-KXpFhEgWfddPfw0bJXNIPw
Gold Standard won't work:
HTML http://articles.businessinsider.com/2010-11-17/markets/29995487_1_money-supply-currency-bullion-vault
HTML http://articles.businessinsider.com/2010-11-17/markets/29995487_1_money-supply-currency-bullion-vault<br
/>
#Post#: 11--------------------------------------------------
Re: Inflation
By: Nickaroma Date: November 22, 2011, 12:57 pm
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And... Make me an admin. No one should be admin if everyone
can't be admin here.
#Post#: 12--------------------------------------------------
Re: Inflation
By: napistac Date: November 22, 2011, 4:05 pm
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In my opinion, profitteering is a very good thing...However, the
government has too much power to manipulate
everything...eliminating the Fed will end the ability for banks
to loan with only fractional reserves...we have so much debt
because the politicians we have elected spent the money (if a
bank was in their pocket and influenced their decision, so be
it), it was ultimately the politician that voted for the
legislation...also in my opinion Bush was not "uber right"...he
was a neo-con (someone who uses left wing philosophy to achieve
right wing goals) who distorted true Conservativism in the minds
of many people.
About the banks ruining the economy...the GSE's known as Fannie
and Freddy were required by the government to hold massive
amounts of MBS's...this set up essentially a government
insurance system...many investment banks (not regulated by the
CRA) knew that they could give out subprime loans, bundle them
together and sell them to Fannie and Freddie for a profit, and
the government fasilitated this through tax incentives and
regulations placed upon the Fannie and Freddie...
HTML http://online.wsj.com/article/SB122298982558700341.html
This is why I feel that the best way to prevent this in the
future is to end Fannie and Freddie...I agree that the banks
made things worse due to their profit seeking, but doing this
should not be profitable...only the government can make giving
bad loans profitable - at the expense of the tax payer of
course...
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