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Author: Roy BattyRoy Batty Date: Mar 28, 2008 19:37
anon privacy.net> wrote:
>
> "Econotron" hotmail.com> wrote in message
> news:SXbHj.25$oE1.13@trndny09...
>>>
>> Fed knows that there would be no rerun of 1929, for the reasons explained
>> here and elsewhere.
>
> The problem is the current Fed chairman. He has spent his life studying how
> to prevent the 1930s. And he wants to use his solution regardless whether
> the problem is similar. He sees deflation behind every corner. He has a
> solution (helicopters) looking for a problem.
>
The beauty of the 1987 collapse of the stock market was how computers took
over the trading.
Not that way now a days.
The free market doesn't work all that well without regulation of kinds.
The Canadian real estate market is solid because sub-prime isn't allowed.
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Author: Video61Video61 Date: Mar 28, 2008 20:20
On Mar 28, 2:42 pm, Jerry Kraus yahoo.com> wrote:
> On Mar 28, 2:34 pm, Vide...@ tcq.net wrote:
>
>
>
>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>
>
>>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>>> continuing to bail out greed, incompetence, exploitation and
>>> destruction, at U.S. taxpayer expense, and, at the risk of further
>>> undermining the U.S. currency. Another 100 billion of your taxpayer
>>> dollars will be going to subsidize the multi-million dollar salaries
>>> of CEO's of vicious, worthless and incompetent Wall Street Firms. God
>>> knows, they've earned it! After all, what are taxes for, if not to
>>> finance the destruction of the U.S. military and the Nation of Iraq,
>>> and to ensure that CEO's and their immediate families can live in the
>>> fashion to which they've become accustomed -- that is, like Royalty.
> ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 02:04
tcq.net> wrote:
>
> you are correct.
> here is a little peice i made up explaining conservative/libertarian
> lunacy.
> "libertarians/conservatives are the only group of people i know that
> are constantly outraged at the results of their own polices, then they
> blame government(the blaming government part was added by another
> fellow, of course he is very smart.)."
>
Libertarians tend to think that they are "free thinkers"
"Then, when you're driving on the Illinois toll way and you've picked up a
Libertarian Hitchhiker he suddenly hits you up for more coin!"
- Dee Dee Ramone
(Notorious rock and roll writer, drug addict and muse for a great band, born
in Vancouver Canada)
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 02:09
Roy Batty gmail.com> wrote:
> tcq.net> wrote:
>>
>> you are correct.
>> here is a little peice i made up explaining conservative/libertarian
>> lunacy.
>> "libertarians/conservatives are the only group of people i know that
>> are constantly outraged at the results of their own polices, then they
>> blame government(the blaming government part was added by another
>> fellow, of course he is very smart.)."
>>
> Libertarians tend to think that they are "free thinkers"
>
>
> "Then, when you're driving on the Illinois toll way and you've picked up a
> Libertarian Hitchhiker he suddenly hits you up for more coin!"
>
> - Dee Dee Ramone
>
> (Notorious rock and roll writer, drug addict and muse for a great band, born ...
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Author: ajames54ajames54 Date: Mar 29, 2008 06:21
On Mar 28, 3:34 pm, Vide...@ tcq.net wrote:
> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>
>
>
>
>
> what i find hilarious, outside of a couple of complete libertarian
> cranks, where have all of the defenders of laissez-faire gone?
> where is their outrage, why are they not publicly, and proudly
> announcing their adherence to libertarian dogma, and renouncing their
> investments in the markets.
> after all, they to are the indirect beneficiaries of the bailouts.
> you would think that they would be fleeing the markets, whilst
> proclaiming their beliefs. i see none of that.
Actually I would call myself a free marketer.
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Author: Andy F.Andy F. Date: Mar 29, 2008 06:28
"anon" privacy.net> wrote in message news:1PhHj.50$ta2.10@trndny05...
>
> "Econotron" hotmail.com> wrote in message
> news:SXbHj.25$oE1.13@trndny09...
>>>
>> Fed knows that there would be no rerun of 1929, for the reasons explained
>> here and elsewhere.
>
> The problem is the current Fed chairman. He has spent his life studying
> how to prevent the 1930s. And he wants to use his solution regardless
> whether the problem is similar. He sees deflation behind every corner. He
> has a solution (helicopters) looking for a problem.
>
> The way the paper based money works, a government can always engineer
> enough inflation by just giving away money. He said as much.
>
> The natural cycle in a fiat currency based system and a dishonest
> financial sector in cahoots with a pliant govt (the path of least
> resistance) is inflation and more inflation (ie, stagflation). In real
> terms it just means devaluation of honesty, and declining living standards ...
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Author: EconotronEconotron Date: Mar 29, 2008 06:49
"anon" privacy.net> wrote in message news:1PhHj.50$ta2.10@trndny05...
>
> "Econotron" hotmail.com> wrote in message
> news:SXbHj.25$oE1.13@trndny09...
>>>
>> Fed knows that there would be no rerun of 1929, for the reasons explained
>> here and elsewhere.
>
> The problem is the current Fed chairman. He has spent his life studying
> how to prevent the 1930s. And he wants to use his solution regardless
> whether the problem is similar. He sees deflation behind every corner. He
> has a solution (helicopters) looking for a problem.
>
> The way the paper based money works, a government can always engineer
> enough inflation by just giving away money. He said as much.
>
> The natural cycle in a fiat currency based system and a dishonest
> financial sector in cahoots with a pliant govt (the path of least
> resistance) is inflation and more inflation (ie, stagflation). In real
> terms it just means devaluation of honesty, and declining living standards ...
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Author: d2e2d2e2 Date: Mar 29, 2008 07:14
> On Mar 28, 2:42 pm, Jerry Kraus yahoo.com> wrote:
>> On Mar 28, 2:34 pm, Vide...@ tcq.net wrote:
>>
>>
>>
>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>>>> http://biz.yahoo.com/ap/080328/fed_credit_crisis.html
>>>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>>>> continuing to bail out greed, incompetence, exploitation and
>>>> destruction, at U.S. taxpayer expense, and, at the risk of further
>>>> undermining the U.S. currency. Another 100 billion of your taxpayer
>>>> dollars will be going to subsidize the multi-million dollar salaries
>>>> of CEO's of vicious, worthless and incompetent Wall Street Firms. God
>>>> knows, they've earned it! After all, what are taxes for, if not to
>>>> finance the destruction of the U.S. military and the Nation of Iraq,
>>>> and to ensure that CEO's and their immediate families can live in the
>>>> fashion to which they've become accustomed -- that is, like Royalty.
>>>> Of course, even the government doesn't have enough money to finanace
>>>> these scum out of their entirely self-created problems. They've ...
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Author: Roy BattyRoy Batty Date: Mar 29, 2008 07:25
d2e2 bellsouth.net> wrote:
> Bush, Cheney and corporate elitist have pushed these far beyond
> acceptable boundaries and the consequences of their actions could
> trigger our survival instincts and bring to an end both the Presidential
> and Judicial liberties which have crippled our ability as a nation to
> achieve the original intent of our national union.
>
>
What will save Canada is the fact that our country's biggest corporations are
3 major banks, and they are regulated to the tits.
The banking industry in the USA is not like ours at all.
CIBC announced a "blip" recently because they bought up shit loads of those
"mortgage based securities", which turned out to be butkuss sub-prime garbage
from the USA packaged as supposedly legitimate bonds.
Year-to-year, CIBC, RBC and TD make massive profits.
When the Bank of Canada lowered interest rates, the banks didn't pass the
savings on to the borrowers like me, they had to make up for the fucking bad
investments in the US sub-prime market, you know!
I feel bad for them. I really do!
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Author: Jerry KrausJerry Kraus Date: Mar 29, 2008 07:28
On Mar 29, 9:14Â am, d2e2 bellsouth.net> wrote:
>> On Mar 28, 2:42 pm, Jerry Kraus yahoo.com> wrote:
>>> On Mar 28, 2:34 pm, Vide...@ tcq.net wrote:
>
>>>> On Mar 28, 12:28 pm, Jerry Kraus yahoo.com> wrote:
>>>>> http://biz.yahoo.com/ap/080328/fed_credit_crisis.html
>>>>> In typical neocon fashion, the fascist at the Fed, Ben Bernanke, is
>>>>> continuing to bail out greed, incompetence, exploitation and
>>>>> destruction, at U.S. taxpayer expense, and, at the risk of further
>>>>> undermining the U.S. currency. Â Another 100 billion of your taxpayer
>>>>> dollars will be going to subsidize the multi-million dollar salaries
>>>>> of CEO's of vicious, worthless and incompetent Wall Street Firms. Â God
>>>>> knows, they've earned it! Â After all, what are taxes for, if not to
>>>>> finance the destruction of the U.S. military and the Nation of Iraq,
>>>>> and to ensure that CEO's and their immediate families can live in the
>>>>> fashion to which they've become accustomed -- that is, like Royalty.
>>>>> Of course, even the government doesn't have enough money to finanace
>>>>> these scum out of their entirely self-created problems. Â They've
>>>>> created nothing, done nothing, stolen, lied and cheated the nation and ...
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