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9,701 - 9,720 of 10,976 Comments Last updated Apr 26, 2014

Level 6

Since: Oct 10

Location hidden

#10036 Feb 27, 2013
Mike Jones wrote:
<quoted text>
Ok, think of it this way. 5 years ago there was about $300 billion physical dollars in circulation. Now there is about $2.2 trillion in circulation. Who do you think received most of that? The rich or the poor? The beauracrat or the working man? The banks or businesses? We live in a fascist country, big business and big government are in bed with each other. The first step in undoing your chains is to realize you are in fact bound.
Like I said… I was looking at irs reporting… Business and individuals aren’t the same. Profits from businesses go to stockholders which include 401ks and IRAs and effect the reports the same.

The problem, as I see it, is government is in business at all… If they would stick to their soul purpose of protecting Liberties, not health care, car companies, green energy, and other wasteful programs; then there would be more money for the capitalist system and growth.
Ben Gleck

United States

#10037 Feb 27, 2013
Who helps the babies the Democrats KILL?

Level 5

Since: Nov 10

Location hidden

#10038 Feb 27, 2013
Mike Jones wrote:
<quoted text>
Ok, think of it this way. 5 years ago there was about $300 billion physical dollars in circulation. Now there is about $2.2 trillion in circulation. Who do you think received most of that? The rich or the poor? The beauracrat or the working man? The banks or businesses? We live in a fascist country, big business and big government are in bed with each other. The first step in undoing your chains is to realize you are in fact bound.
I actually agree with most of what you've had to say today. But, not all. Your above figures seem way off. Of course excess stifling regulation is very bad for business. but, this belief that lassez faire capitalism is some kind of holy grail is absurd. Withoutfair rules and oversight the system very quickly becomes a nightmare. The idea that the market will ultimately be rational is nuts. How can a system driven by fear and greed produce rational results? I think that it was Milton Friedman that won the Nobel prize for proving that the great depression was caused in part because not enough liquidity was pumped fast enough into the system. This latest crisis wasn't caused by too much government inteference with big bussiness but with too much big business inteference with government. Bankks went from being able to leverage out five times their holdings to more than fifty. Credit card companies were allowed toraise your rates to whatever they want for any or no reasons. If our right wing social Darwinist friends want to go back to industrial revolution days I suggest that they read some history on what life was like for the vast majority of people then. Now I'm getting too wordy.
Ben Gleck

United States

#10039 Feb 27, 2013
Who is looking out for the women and chidren killed by Obama drone bombings?
Ben Gleck

United States

#10040 Feb 27, 2013
Who is rotecting taxpayers from leeches like truth dig?p
Ben Gleck

United States

#10041 Feb 27, 2013
How did LIARS Reid and Pelosi get so rich?
Ben Gleck

United States

#10042 Feb 27, 2013
Obama spokesliar admits Obama is completely clueless.
Ben Gleck

United States

#10043 Feb 27, 2013
Obama, like Castro, releases CRIMINALS onto American streets.
Ben Gleck

United States

#10044 Feb 27, 2013
The added currency in circulation is obama printing money which has devalued the dollar, that is why fuel and food costs have doubled under obama. Obama has created inflation and stagnated the economy.
hi

Utica, NY

#10045 Feb 27, 2013
I like pee-pees

Level 6

Since: Oct 10

Location hidden

#10046 Feb 27, 2013
Ben Gleck wrote:
<quoted text>I actually agree with most of what you've had to say today. But, not all. Your above figures seem way off. Of course excess stifling regulation is very bad for business. but, this belief that lassez faire capitalism is some kind of holy grail is absurd. Withoutfair rules and oversight the system very quickly becomes a nightmare. The idea that the market will ultimately be rational is nuts. How can a system driven by fear and greed produce rational results? I think that it was Milton Friedman that won the Nobel prize for proving that the great depression was caused in part because not enough liquidity was pumped fast enough into the system. This latest crisis wasn't caused by too much government inteference with big bussiness but with too much big business inteference with government. Bankks went from being able to leverage out five times their holdings to more than fifty. Credit card companies were allowed toraise your rates to whatever they want for any or no reasons. If our right wing social Darwinist friends want to go back to industrial revolution days I suggest that they read some history on what life was like for the vast majority of people then. Now I'm getting too wordy.
I have made this point before… How many laws for business does there have to be before it is fair? How many laws are on the books now just for the financial markets? Is it fair now or will it be fair with 1100238 more laws? I understand our “FREE” market system has never been, nor will it ever been a completely “FREE” system. I am all for fair rules, a level playing field, and opportunity, but as it stands right now our government is doing nothing but play politics with our finances and now getting into a 6th of our economy will bring even worse hardship for us as a Country.

So I agree with you… and I am on your side, I just wanted to break this perception that the Obama administration is so keen on bringing to the forefront of every campaign run…“the rich are doing just fine”… Is like saying warren buffet’s secretary is pay more in taxes than he is. ALL Americans aren’t doing as well as they could.
Mike Jones

Sauquoit, NY

#10048 Feb 27, 2013
Ben Gleck wrote:
<quoted text>I actually agree with most of what you've had to say today. But, not all. Your above figures seem way off. Of course excess stifling regulation is very bad for business. but, this belief that lassez faire capitalism is some kind of holy grail is absurd. Withoutfair rules and oversight the system very quickly becomes a nightmare. The idea that the market will ultimately be rational is nuts. How can a system driven by fear and greed produce rational results? I think that it was Milton Friedman that won the Nobel prize for proving that the great depression was caused in part because not enough liquidity was pumped fast enough into the system. This latest crisis wasn't caused by too much government inteference with big bussiness but with too much big business inteference with government. Bankks went from being able to leverage out five times their holdings to more than fifty. Credit card companies were allowed toraise your rates to whatever they want for any or no reasons. If our right wing social Darwinist friends want to go back to industrial revolution days I suggest that they read some history on what life was like for the vast majority of people then. Now I'm getting too wordy.
I'm pretty well read on the monetary side of things, those numbers may very slightly but that is because these numbers change everyday as QE3 is pumping $40 billion into the economy every month.
The current fractional reserve system allows for money to be loaned out a a 9:1 ratio. Although this doesn't seem so bad that means $1,111.11 can be loaned into 99,999.99 with only the stroke of a pen. Most of the money in our system doesn't even exist but on paper.
As far as the great depression is concerned the actual cause hasn't been figured out or how to solve it. One thing has been figured out, that just like the crash of 2008(to be continued) it was engineered. There is an economic principle called "shearing" basically this is how it works. We all know that the majority of the stock market is owned by a minority. Through the use of propaganda or rumors the elite encourage a sell off which causes the market to tank. They pool their money together and through cash buyouts and mergers and acquisitions take a larger share of the market than they had before. There is new evidence that is coming to light that the reason that we may have invaded Libya is that Gadhaffi may have been instrumental in the 2008 crash by buying up Bear Stearns stock and then creating a panic. I haven't done enough research yet to be convinced but there is usually something else happening below the radar that the average stockholder has no idea about.
Mike Jones

Sauquoit, NY

#10049 Feb 27, 2013
Respect71 wrote:
<quoted text>
Like I said… I was looking at irs reporting… Business and individuals aren’t the same. Profits from businesses go to stockholders which include 401ks and IRAs and effect the reports the same.
The problem, as I see it, is government is in business at all… If they would stick to their soul purpose of protecting Liberties, not health care, car companies, green energy, and other wasteful programs; then there would be more money for the capitalist system and growth.
I'm playing devil's advocate here, but you honestly trust IRS reporting? Corporations while rich beyond your wildest dreams, they have NOTHING compared to the banking cartel known as the Federal Reserve, The IMF, etc. The fact is they don't earn this money it is given to them for free.
Ben Gleck

New Hartford, NY

#10050 Feb 27, 2013
Fedral reserve is NOT a bank.
Mike Jones wrote:
<quoted text>
I'm playing devil's advocate here, but you honestly trust IRS reporting? Corporations while rich beyond your wildest dreams, they have NOTHING compared to the banking cartel known as the Federal Reserve, The IMF, etc. The fact is they don't earn this money it is given to them for free.

Level 7

Since: May 11

Location hidden

#10051 Feb 27, 2013
Respect71 wrote:
<quoted text>
Wow. More nothing, and insults? What a surprise. Come back when you have a argument.
What have you posted here, stupid? Have you ever posted anything empirical? Anything objective? Or insightful? No, your posts are:

"FREEDOM!"

"LIBERTY!"

Uh, "SOCIALIST!"

Eh, uhm, did I mention "FREEDOM"?

You say nothing of substance. Pablum. Insipid idiocy. You have as much depth as a puddle of piss.

Earlier, I posted a link showing the per-capita health care spending of every industrialized nation on Earth. It showed the US spending twice as much as the average country, and by far having the most expensive health care system in the world. Each one of those other nations have far more government involvement, in some cases outright ownership, of their health care systems. What was your response? Go look it up. It was your typical sloganeering idiocy.

That's because you're a f,cking moron.
Ben Gleck

New Hartford, NY

#10052 Feb 27, 2013
Obama, like Castro, releases CRIMINALS onto American streets
Ben Gleck

New Hartford, NY

#10053 Feb 27, 2013
That is why people from other countries come to the US for the best healthcare. That is why there are NOT long waiting lines to get medical care.

Don't worry your god Obama's death panels will eliminate the number of people being healed.

I wonder if the 30,000 Criminals Obama let out of prision will get free obamacare?
Truth Dig wrote:
<quoted text>
What have you posted here, stupid? Have you ever posted anything empirical? Anything objective? Or insightful? No, your posts are:
"FREEDOM!"
"LIBERTY!"
Uh, "SOCIALIST!"
Eh, uhm, did I mention "FREEDOM"?
You say nothing of substance. Pablum. Insipid idiocy. You have as much depth as a puddle of piss.
Earlier, I posted a link showing the per-capita health care spending of every industrialized nation on Earth. It showed the US spending twice as much as the average country, and by far having the most expensive health care system in the world. Each one of those other nations have far more government involvement, in some cases outright ownership, of their health care systems. What was your response? Go look it up. It was your typical sloganeering idiocy.
That's because you're a f,cking moron.

Level 5

Since: Nov 10

Location hidden

#10055 Feb 27, 2013
Mike Jones wrote:
<quoted text>
I'm pretty well read on the monetary side of things, those numbers may very slightly but that is because these numbers change everyday as QE3 is pumping $40 billion into the economy every month.
The current fractional reserve system allows for money to be loaned out a a 9:1 ratio. Although this doesn't seem so bad that means $1,111.11 can be loaned into 99,999.99 with only the stroke of a pen. Most of the money in our system doesn't even exist but on paper.
As far as the great depression is concerned the actual cause hasn't been figured out or how to solve it. One thing has been figured out, that just like the crash of 2008(to be continued) it was engineered. There is an economic principle called "shearing" basically this is how it works. We all know that the majority of the stock market is owned by a minority. Through the use of propaganda or rumors the elite encourage a sell off which causes the market to tank. They pool their money together and through cash buyouts and mergers and acquisitions take a larger share of the market than they had before. There is new evidence that is coming to light that the reason that we may have invaded Libya is that Gadhaffi may have been instrumental in the 2008 crash by buying up Bear Stearns stock and then creating a panic. I haven't done enough research yet to be convinced but there is usually something else happening below the radar that the average stockholder has no idea about.
I've read a number of theories about how this last recession happened. Obviously to give a simple explanation to such a complex situation is , well, simple minded. The right wing mythology is to blame "bleeding heart liberals" and the poor. Why not? They can't defend themselves. they don't own media networks and they don't have lobbyists. The entire history of economics is one of Bubble/crash etc. It's the same crap over and over. Big business buys off the politicians to loosen up regulations and oversight and then they go nuts and let their greed drive us off a cliff, and then we tighten up regulations and try to stabilize the markets for a while. I didn't mean that Friedman's theory was the only cause of the crash. Only that he made the best case yet for stimulating the economy in a time of crisis. No one likes it but, there's not much else to do that seems to work in those times. At best it could be seen as a bridge loan. And if the economy picks up enough steam it could work. Who knows? Were' still debating the great depression eighty years later. BTW every time a nation tries the "austerity" approach in times of crisis it seems to make matters much worse. As I've tried to explain to our Bible thumping friend many times, good regulations are a good thing and bad ones are a bad thing. But, no regulations are an insane thing.

Level 5

Since: Nov 10

Location hidden

#10056 Feb 27, 2013
Ben Gleck wrote:
Obama, like Castro, releases CRIMINALS onto American streets
You really seem insane.

Level 7

Since: May 11

Location hidden

#10058 Feb 27, 2013
Mike Jones wrote:
<quoted text>
I'm pretty well read on the monetary side of things, those numbers may very slightly but that is because these numbers change everyday as QE3 is pumping $40 billion into the economy every month.
The current fractional reserve system allows for money to be loaned out a a 9:1 ratio. Although this doesn't seem so bad that means $1,111.11 can be loaned into 99,999.99 with only the stroke of a pen. Most of the money in our system doesn't even exist but on paper.
As far as the great depression is concerned the actual cause hasn't been figured out or how to solve it. One thing has been figured out, that just like the crash of 2008(to be continued) it was engineered. There is an economic principle called "shearing" basically this is how it works. We all know that the majority of the stock market is owned by a minority. Through the use of propaganda or rumors the elite encourage a sell off which causes the market to tank. They pool their money together and through cash buyouts and mergers and acquisitions take a larger share of the market than they had before. There is new evidence that is coming to light that the reason that we may have invaded Libya is that Gadhaffi may have been instrumental in the 2008 crash by buying up Bear Stearns stock and then creating a panic. I haven't done enough research yet to be convinced but there is usually something else happening below the radar that the average stockholder has no idea about.
Gadhaffi?

I'm certainly no fan of Wall Street. But we have a pretty good idea of what caused the most recent Lessor Depression.

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