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Chris
07-18-2012, 08:41 PM
Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policies create phases of irrational exuberance, which are then followed by economic recessions, a result that every citizen ends up suffering from.

From fraud. why the great recession (http://vimeo.com/45687897).

The 3 minute trailer:


http://vimeo.com/34297446

The 1 hour 6 minute full movie:


http://vimeo.com/45687897

Goldie Locks
07-18-2012, 09:48 PM
I'm watching...

Goldie Locks
07-18-2012, 09:57 PM
Capitalism is not to blame, manipulation of the system is.

Chris
07-18-2012, 10:06 PM
Yes, agree, but the banksters are part of the problem, their fraud legalized by government intervention, manipulation, and protection. In short, crony capitalism, not part of the free market.

roadmaster
07-18-2012, 10:10 PM
Yes, agree, but the banksters are part of the problem, their fraud legalized by government intervention, manipulation, and protection. In short, crony capitalism, not part of the free market.


The banks are a big problem and we bailed them out only for them to add more fees.

michaelr
07-19-2012, 11:42 PM
Lots of fraud happening...

check the links, you...me...we will be afuckingmazed. http://www.ritholtz.com/blog/2012/07/are-big-banks-criminal-enterprises/

I just gave all of you a site that helps expose the fuck out of corruption.

Y'all have to know this...This crap has been going on for a hell of a long time. It is NOT......IT IS NOT the reason for the upcoming 'bump'. It does make a nice distraction, and allows for fingers to be pointed somewhere.


The crash happened, and Bernanke is in panic mode.

Shit most of you people don't know my record.......

Umm..the banks are holding, at interest, $1.4 trillion.

No QE5.

The fed is holding the interest and the banks will fractional reserve this, and create $14.5~ trillion.

The money has been paid for. Rates on it MUST go up, then the ubber inflated dollar.

Chris
07-20-2012, 09:26 AM
Right, the banks are committing crimes, but the government is complicit in it. It doesn't prosecute, and as roadmaster said, it bails them out. The bigger the government, the more crime and corruption.

michaelr
07-20-2012, 06:16 PM
Right, the banks are committing crimes, but the government is complicit in it. It doesn't prosecute, and as roadmaster said, it bails them out. The bigger the government, the more crime and corruption.

It is worse than that. Holder is on speed dial for the TBTJail, and now he is handling the LIBOR scandal.

Obama's Justice Department Rushes to the Rescue of LIBOR Criminals

(http://blackagendareport.com/content/obamas-justice-department-rushes-rescue-libor-criminals)You will read the word Fascism from me quite a bit, and this is what it looks like.

Chris
07-20-2012, 06:21 PM
It is worse than that. Holder is on speed dial for the TBTJail, and now he is handling the LIBOR scandal.

Obama's Justice Department Rushes to the Rescue of LIBOR Criminals

(http://blackagendareport.com/content/obamas-justice-department-rushes-rescue-libor-criminals)You will read the word Fascism from me quite a bit, and this is what it looks like.

Agree, it's not that they don't always prosecute, but when they don't they protect these criminals.

Fascism is accurate--I consider fascism the result of failed socialism, as I think it developed under Mussolini.

angelica fernandes
07-27-2012, 08:04 AM
According to statistics, depressions occur approximately every 75 years. However, to me, the Great Depression that struck the world in 1929 never ended. Today, Social Security, Medicare and Medicaid cost US$65 trillion in total and this staggering amount is rising as the baby boomers advance in age. With the US economy in shambles now, it is extremely hard for the government to cough out the money. One way would be to issue US Treasury bonds for sale where the Federal Reserve buys them to print the required money. As more money gets circulated in the economy, inflation will have to rise and the US dollar will become increasingly worthless. All other national currencies will suffer the same fate as countries have to keep their exports competitive against America's by devaluing their money. Signs of it are already showing now with a currency war between the yen and US dollar. With this, an inflationary depression will be spread worldwide, infecting every economy and creating havoc the world hasn't seen for very long.

Trinnity
07-27-2012, 08:07 AM
Welcome to the forum!
:wav:

Chris
07-27-2012, 08:08 AM
So maybe, just maybe, the proper solution is to get government out of the way, prevent it from driving inflation by means of ephemistic QEs.