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01 February 2011 ~ 25 Comments

Bernanke, Freddie & Fannie, tax cuts and student loans


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    1. chefshitpiece 1 February 2011 at 1:04 am Permalink

      Let the students have a good time. If they graduate and only make 30000 a year then their life is over anyway!

    2. wraye81 1 February 2011 at 1:06 am Permalink

      Ron Paul & Peter Schiff saw it coming! Bernarke needs to learn Austrian economics.

    3. mastermind48451 1 February 2011 at 1:06 am Permalink

      La-zy Fair, is that a new name for Wel-Fare? Lazy Fair

    4. cunnidvd 1 February 2011 at 1:26 am Permalink

      @CASTILLOM1 If it was up to Ron Paul there would be no Fedreal Reserve and that’s a good thing.

    5. CASTILLOM1 1 February 2011 at 2:13 am Permalink

      @cunnidvd Of course I know this Cunni. Im very aware of how the Federal Reserve system operates.

    6. A86 1 February 2011 at 2:22 am Permalink

      @chuska8383 – Agreed. In 2009 our economy actually had NEGATIVE growth. Since the late 70s the US only averages about 2-3% economic growth per year.

    7. hoodoo961 1 February 2011 at 2:57 am Permalink

      And by the way, get the memo Mr Schiff: its BernANKE not BerNAKE.

    8. beebop46n2 1 February 2011 at 3:05 am Permalink

      Mr. Schiff needs to get into the senate immediately. We need this voice of reason. If not I’m not sure how much longer this system can sustain. Mr. Schiff’s ideas will work. Tell everyone you know about him. We need to decrease spending, increase production, stop bailing out poor performance, reform our school system, get rid of government guarantees on student loans, etc. Most of all this country needs a real leader that’s not just playing politician. This is a critical time.

    9. hoodoo961 1 February 2011 at 3:40 am Permalink

      We are the largest debtor nation in the world because we have the largest economy in the world. Any major number connected to us is going to be huge when compared in absolute value to other nations. And yes, in the long run, we do have fiscal problem that needs addressing. But Schiff and his crew say that we are presently bankrupt, which is not the case. Not the case at all.

    10. 0oHIZAKIo0 1 February 2011 at 4:15 am Permalink

      @hoodoo961

      As soon as China and the few others decide to stop propping the dollar up and no longer buy our treasuries we’ll default in no time. Our debt is impossible to pay back (especially with our current financial policies) and China, Japan and the Saudies know this. They also know that dumping the dollar would hurt them in a major way, thus the reluctant support for the dollar. This will end at one point and we’ll be in huge trouble. We are the largest debtor nation in the world!

    11. hoodoo961 1 February 2011 at 5:07 am Permalink

      Economically illiterate? I wonder how well you can read at all, you clearly did not take the time (or have the ability) to accurately read my comment. I did not say that we weren’t running deficits, or that our deficits were not big. I said we were not about to be bankrupt, and that we are still solvent. There is a difference between running a deficit and being insolvent, but you wouldn’t know that since it is you who is economically illiterate. Get a clue, read a book.

    12. chuska8383 1 February 2011 at 5:58 am Permalink

      Wow, keep drinking the koolaid Mr. Doo!

      The GDP numbers are horribly inflated and doctored. You would know this if you were economically literate.

      We are the most indebted country on the planet ever in history. We are running record deficits. Our deficits are growing exponentially at about the rate of 8.8% per year. Our economy, even measured in the farcical GDP number you illiterates so love to toss around, rarely grows more than 5% per year anymore. Do the math…if you know how.

    13. 1chichimec1 1 February 2011 at 6:55 am Permalink

      Listen you co-jackel! All of you try to defend the bankers, business’s and say that giving breaks to the rich! the rich take the money and Corporations to other Countries!

    14. hoodoo961 1 February 2011 at 7:22 am Permalink

      Thats nonsense. We have a much lower debt to GDP ratio than other solvent nations such as Italy and Belgium, which are in relatively much more debt than us. WE are nowhere near “bankrupt.”

    15. girardbcp 1 February 2011 at 8:16 am Permalink

      Is this guy serious? Laizze-faire economic theory says that we shouldn’t step in when banks act the way they did. Banks didn’t have enough capital reserves, they made millions of bad loans, and they took on too much risk. The fact is nobody stepped in the way to stop them = laizze-faire

      Also, fannie and freddie mac are not the causes of the recession (though they are part, but not nearly the major cause).

    16. blttomato 1 February 2011 at 8:36 am Permalink

      I’m looking forward to the Atlanta (10th Amendment Summit) Event.. .if anybody here lives in the NE Atlanta/Gwinnett/Dacula area send me a message. We can get a carpool going and? join our efforts.. .

      To view event announcment paste in YT home link >> watch?v=ynVbkfXvewU&feature=player_embedded#

    17. bbbgrendel 1 February 2011 at 9:33 am Permalink

      oh dear, looks like this is the favorite hangout for the looney tunes. robertmike57 contradicts whole human history, but you retard are too stupid to notice

    18. 407buddy 1 February 2011 at 10:28 am Permalink

      OK. Family meeting folks, need to cut cost, for starters bare bone essentials only, canceling all insurance policies (frauds anyway) walk away from credit cards (Fico: huge fraud), walk and bye bye underwater mortgage. Hey,.it’s just a pragmatic family business decision. Got the idea from too big to fail banks, I hear they are really good at it. Start me a family weed garden, shop local, pop me a cool one and,..Oh well Fuck it!

    19. lovepeace2you 1 February 2011 at 11:13 am Permalink

      do you want to get us jobs, or just get elected… cause everyone that looks honest becomes a serious spender when they get elected…

    20. chuska8383 1 February 2011 at 11:59 am Permalink

      @juliaisafilmbuff123 We would have to level with the government’s creditors, both foreign and domestic, and restructure our debt. We would finally and honestly declare bankruptcy. The dollar would lose value as a result. We will lose our world reserve currency status. The costs of basic commodities and foreign made products will increase while our wages will effectively stay flat or decrease. It will be the fall of America akin to the fall of the Soviet Union in the late 80s and 90s.

    21. Godwad 1 February 2011 at 12:43 pm Permalink

      @AtlasShruggery
      He didn’t call to bomb Iran. Many might not agree with his comment, but you are misrepresent what he said.

    22. AtlasShruggery 1 February 2011 at 12:52 pm Permalink

      Schiffty Pete the Neocon. Wonder if his call to bomb Iran is connected to his prediction that the price of gold will rise to $5,000 per ounce?

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    24. NicosMind 1 February 2011 at 1:57 pm Permalink

      I only mentioned Russia cause their response to this crisis is to privatise more of their industries(in order to get them running in a profit not a loss) which is the opposite of a lot of countries in the west who are socialisng their industries allowing them to continue to be a burden to society running at losses.

      But is you want a good example of a capitalist country look at Hong Kong or Singapore.

      Hong Kong has been voted freest /most capitalistic contry in the world 10 years in a row.

    25. flashlightbrown 1 February 2011 at 2:36 pm Permalink

      @juliaisafilmbuff123

      Yes, he can. No, it wouldn’t.

      You’re assuming that it would happen immediately. Nobody said it’d be immediately changed. It takes time and Ron Paul has said that.


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