Politics Unfiltered
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08-05-2014, 05:27 PM
Post: #1701
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RE: Politics Unfiltered
Gov't intervention during the crisis was necessary to keep the financial system from collapsing. Basically the fed and treasury guaranteed over $100TR of derivatives at 100 cents on the dollar to keep the system from imploding.
What the gov't didn't need to do was keep the equity holders at the banks from going to zero and it didn't need to guarantee that the derivatives holders (particularly the credit default swaps that banks never should have been allowed to write in the first place) get paid in full. That was totally corrupt and unfair to the tax payers. Keeping interest rates at zero for this long has been a huge mistake. Basically the gov't is repricing dollars to keep the system afloat. Once the world realizes that the US politicians have no interest in preserving the integrity of the dollar Americans are going to realize what an incredible privilege it has been to have had the world's reserve currency. Too bad we won't be able to get it back in our lifetimes. |
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08-05-2014, 05:45 PM
(This post was last modified: 08-05-2014 06:33 PM by BrotherCane.)
Post: #1702
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RE: Politics Unfiltered
Well printing $1 trillion for 3 years barely did a thing while running $trillion deficits at the same time! I think we should have had no bailout, no printing of money and balanced budgets! We need production and saving...not spending and more crony capitalism! At this rate the government is just causing another bubble! It's a fact of Keynesian economics!
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08-05-2014, 05:56 PM
(This post was last modified: 08-05-2014 05:57 PM by Decagon.)
Post: #1703
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RE: Politics Unfiltered
I would argue that the dollar has become weak by design, as a way to make exports cheaper and imports more expensive, among other issues.
Oh, and you posted 45 minutes of video. I'm not going to burn up that much data on an internet argument. Hated on The alpha is For marching to a beat Only his. |
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08-05-2014, 06:03 PM
Post: #1704
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RE: Politics Unfiltered
(08-05-2014 05:56 PM)Decagon Wrote: I would argue that the dollar has become weak by design, as a way to make exports cheaper and imports more expensive, among other issues. You are totally right. But even more than wanting competitive exports, the gov't wants a lower dollar because the entire system has been built on debt and the game is to keep paying back debt with cheaper dollars (both gov't and private). These debts have to get easier to repay over time so that we can both repay the debts and we can still have the capacity to borrow more and keep growing at any cost. INFLATE OR DIE!!!!!!!!!!!! As long as the gov't can grow the money supply at 15% a year while convincing the markets that the inflation rate is 2% a year it is going to do it. |
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08-05-2014, 06:51 PM
(This post was last modified: 08-05-2014 07:19 PM by BrotherCane.)
Post: #1705
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RE: Politics Unfiltered
Inflation is a tool to steal money from us common folks!
(08-05-2014 05:56 PM)Decagon Wrote: I would argue that the dollar has become weak by design, as a way to make exports cheaper and imports more expensive, among other issues. I posted more than just videos! I wouldn't burn up my data either though! Check it out when you can. |
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08-06-2014, 02:27 PM
Post: #1706
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RE: Politics Unfiltered
Well, the statesmen won last night....not to be confused with a statist! http://benswann.com/justin-amash-to-oppo...-like-you/
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08-06-2014, 02:51 PM
Post: #1707
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RE: Politics Unfiltered
Great. Another pro-life idiot in politics. What do you people hate so much about freedom?
Hated on The alpha is For marching to a beat Only his. |
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08-06-2014, 03:46 PM
Post: #1708
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RE: Politics Unfiltered
You know that how? I wish all progressive/socialist/liberals would get aborted! I don't agree with abortion but it's legal! I don't agree with gay marriage but 2 girls are hot! LOL I honestly don't care what others do if it isn't with children and/or animals!!!! What do you love about Statism?
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08-06-2014, 03:55 PM
Post: #1709
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RE: Politics Unfiltered
The pro-life argument is the ultimate form of Statism; the State controlling what a woman does with her body. That pathetic tea bagger is the ultimate Statist.
Hated on The alpha is For marching to a beat Only his. |
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08-06-2014, 04:06 PM
(This post was last modified: 08-06-2014 04:30 PM by BrotherCane.)
Post: #1710
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RE: Politics Unfiltered
Not really sure where to drop this link so here is as good as any I guess! Scary shit! http://www.foxnews.com/tech/2014/08/06/s...en-expert/
He ain't a tea bagger! You don't know shit and think you know everything. LOL And let me guess, with you all abortions should be paid for by the tax payer as well? I bet you are even for full term abortions! And just wondering here, what are your thoughts on more black babies being killed in the state of New York than born? Isn't that kinda genocide? |
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