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Milkman · 16-03-2009, 11:27 PM

Here is Jim Rogers on the Stimulus, and USD. A couple of days ago.

YouTube - Jim Rogers more Bankruptcies to come !!!!

Milkman · 20-03-2009, 10:09 PM

Here is Ron Paul. He's angry. This is short.

He accurately notes that the AIG vote to block the retention bonus is a distraction:

YouTube - Ron Paul House Floor "..Quit Bankrupting this Country, Quit Destroying The Dollar" 03-19-09

Milkman · 20-03-2009, 10:29 PM

Here is more on the AIG retention bonus, unconstitutionality, and the bailout itself.

Worth the watch:

YouTube - Ron Paul talks AIG Bonuses on CNN American Morning 03/20/2009

Jet Gorgon · 21-03-2009, 06:58 AM

^ Of course the AIG brouhaha in congress is a cover-up. What other bills did they pass in Congress this week?
And who's gonna take the fall for the AIG F-up? It's proven Geithner lied about when he knew about the comp (shown in Congress testimony on March 4 or so) and Dodd is running out of backup and is in trouble in his district, too. Ya! Get Republican candidate Simmons in there.

Both of these shysters are headed for the garbage heap, IMO.

Milkman · 24-03-2009, 03:27 PM

Ron Paul comments on March 23, 2009. Short and succinct:

YouTube - Ron Paul: Bankruptcy is Economic Stimulus 3/23/09

Jet Gorgon · 26-03-2009, 04:31 AM

Good links, MM. Thanks. Is Rep Paul the only member with a brain that has thinking parts?

sabang · 26-03-2009, 04:36 AM

Ron Paul is fine. He is true to his roots, he is a Libertarian. I have a lot in common with his philosophy.

Need I remind you that, when the excreta hit the fan, Wall St was anything but Libertarian?

It's all well and good for you all to be lauding Ron Paul now, but the horse has bolted. At your request.

Jet Gorgon · 26-03-2009, 05:28 AM

^Wasn't MM always a Ron Paul supporter? But you're correct, I was more Republican, based on the party ideology, which the leaders seemed to make go awry.

sabang · 26-03-2009, 05:37 AM

Well Jettie, if it all goes tits up then Ron was right. Maybe the bitter pill was best to swallow.
But it won't amount to a plaudit for the Rep's.

Jet Gorgon · 26-03-2009, 05:56 AM

^ That is true, SB. Much as I hate to admit it.

Milkman · 26-03-2009, 10:10 AM

Quote:

Originally Posted by Jet Gorgon

^Wasn't MM always a Ron Paul supporter? But you're correct, I was more Republican, based on the party ideology, which the leaders seemed to make go awry.

The Republican party went "awry" in 1996, IMO. And they've gone to big spending, big government, and enforcing federal gov over the states.

raycarey · 26-03-2009, 01:30 PM

they keep losing elections because they've proven they're not fit to govern......from the financial meltdown, to the misadventure in iraq, to the indifference and incompetence displayed during katrina.

and the american people can see very easily what hypocrites they are....just look at the senate republicans the last couple of years....vitter, stevens, craig, etc...

republicans have been cast out into the wilderness...and they're showing no signs of being able to find their way back to relevance.

and their apologists/supporters are angry, bitter.....and well..... irrelevant.

Milkman · 26-03-2009, 02:09 PM

The Stimilus, from the Austrian perspective:

Quote:

It is the avalanche of new dollars (in some years growing by as much as ten percent, and now, with the new recovery packages, at an exponential rate yet to be determined) that has produced and sustains without remedy the mess that we are in. Were it not for this flood of new money, the prices of housing could never have risen to unsustainable heights, the securitized mortgages would not have multiplied, and our financial institutions would not have been gluttonously attracted to them. It was the unlimited creation of new cash that was the cause of all these disasters, and it provided both governments and institutions the temptation to distort and disrupt reality.

But what is astounding is that the remedy proposed by our ignorant politicians is the flush of unbounded new liquidity that they are creating for renewing reserves, multiplying bailouts, sustaining the overpriced mortgages, and on and on. This excess has been pushed by two presidents and almost unanimously promoted by a Democratic congress. Liquidity was the cause of the crisis, and now excess liquidity is presented as its solution! For this reason the crisis cannot possibly end in the short run. The remedy proposed is worsening things all over, and assures us that we will never get back to a sound and prosperous economy as long as we defy monetary sobriety.

Link & Entire: What Would Mises Say? - Joseph Keckeissen - Mises Institute

Milkman · 31-03-2009, 12:44 AM

Toxic assets.....Why Germany says, Nein.....

Quote:

Why Berlin Says U.S. 'Bad Bank' Plan Is Bad

By William Boston / Berlin Monday, Mar. 30, 2009

German Chancellor Angela Merkel delivers a speech in Berlin in front of the Federal Association of German Banks on March 23, 2009
Steffi Loos / AFP / Getty Images

German Chancellor Angela Merkel and her Finance Minister, Peer Steinbrück, have spent months saying they will never let irresponsible German banks off the hook by taking their toxic assets and putting them into some sort of government-backed bad bank.

But that was before U.S. Treasury Secretary Timothy Geithner unveiled his plan to do just that with the toxic debts of U.S. banks. The move has won plaudits on Wall Street and even a knowing nod from Main Street U.S.A., which understands that the plan is a necessary evil. In Germany, it has also fueled a fierce debate about whether Merkel is wrong and how Berlin might get toxic assets off German banks' books without making taxpayers foot the bill. (See 25 people to blame for the financial crisis.)

Link & Entire: Toxic Assets: Why Berlin Says U.S. 'Bad Bank' Plan Is Bad - TIME

Milkman · 31-03-2009, 01:11 PM

Here is an article by the Ludwig Von Mises Institute. A good read or browse:

Quote:

Economic Recovery Requires Capital Accumulation, Not Government "Stimulus Packages"

Mises Daily by George Reisman | Posted on 2/25/2009

[This article is the second in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to enable him to understand what must be done to overcome the present financial crisis and return to the path of economic progress and prosperity. The first article in the series was "Falling Prices Are Not Deflation but the Antidote to Deflation."]

Entire:Economic Recovery Requires Capital Accumulation, Not Government "Stimulus Packages" - George Reisman - Mises Institute

Milkman · 31-03-2009, 03:55 PM

I don't like Savage at all. But he makes a reference to Sinclair Lewis's book "It Can't Happen Here," in 1935.

The first 4 minutes are interesting.

YouTube - Michael Savage - Sinclair Lewis/ It Can't Happen Here/ Obama Social Dictator - Aired on 3/3/09

raycarey · 31-03-2009, 05:21 PM

Quote:

Originally Posted by Milkman

The first 4 minutes are interesting

i'll take your word for it.

Boon Mee · 12-04-2009, 10:49 PM

No-brainer this one, eh? Alan Keyes is spot-on:

YouTube - Keyes: Stop Obama or U.S. will cease to exist

This video is a thing of beauty...

Jet Gorgon · 13-04-2009, 05:35 AM

^ Whoa! Mr Keyes is way angry. How old is this vid, Boonie?

26-03-2009, 04:36 AM	#167 (permalink)
sabang Go ask Alice Last Online: Yesterday 01:28 PM Join Date: Feb 2006 Location: where the streets have no name Posts: 12,560	Ron Paul is fine. He is true to his roots, he is a Libertarian. I have a lot in common with his philosophy. Need I remind you that, when the excreta hit the fan, Wall St was anything but Libertarian? It's all well and good for you all to be lauding Ron Paul now, but the horse has bolted. At your request. __________________ Patriotism is the last refuge of a scoundrel.

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21-03-2009, 06:58 AM	#164 (permalink)
Jet Gorgon Take No Prisoners Barbie Last Online: Yesterday 08:40 PM Join Date: Apr 2007 Location: Near Libbies Posts: 13,367	^ Of course the AIG brouhaha in congress is a cover-up. What other bills did they pass in Congress this week? And who's gonna take the fall for the AIG F-up? It's proven Geithner lied about when he knew about the comp (shown in Congress testimony on March 4 or so) and Dodd is running out of backup and is in trouble in his district, too. Ya! Get Republican candidate Simmons in there. Both of these shysters are headed for the garbage heap, IMO.

26-03-2009, 04:31 AM	#166 (permalink)
Jet Gorgon Take No Prisoners Barbie Last Online: Yesterday 08:40 PM Join Date: Apr 2007 Location: Near Libbies Posts: 13,367	Good links, MM. Thanks. Is Rep Paul the only member with a brain that has thinking parts?

26-03-2009, 05:28 AM	#168 (permalink)
Jet Gorgon Take No Prisoners Barbie Last Online: Yesterday 08:40 PM Join Date: Apr 2007 Location: Near Libbies Posts: 13,367	^Wasn't MM always a Ron Paul supporter? But you're correct, I was more Republican, based on the party ideology, which the leaders seemed to make go awry.

26-03-2009, 05:37 AM	#169 (permalink)
sabang Go ask Alice Last Online: Yesterday 01:28 PM Join Date: Feb 2006 Location: where the streets have no name Posts: 12,560	Well Jettie, if it all goes tits up then Ron was right. Maybe the bitter pill was best to swallow. But it won't amount to a plaudit for the Rep's.

26-03-2009, 05:56 AM	#170 (permalink)
Jet Gorgon Take No Prisoners Barbie Last Online: Yesterday 08:40 PM Join Date: Apr 2007 Location: Near Libbies Posts: 13,367	^ That is true, SB. Much as I hate to admit it.

26-03-2009, 01:30 PM	#172 (permalink)
raycarey Thailand Travel Forum Last Online: 20-03-2010 11:27 PM Join Date: Jan 2006 Location: deleting posts in issues Posts: 7,122	they keep losing elections because they've proven they're not fit to govern......from the financial meltdown, to the misadventure in iraq, to the indifference and incompetence displayed during katrina. and the american people can see very easily what hypocrites they are....just look at the senate republicans the last couple of years....vitter, stevens, craig, etc... republicans have been cast out into the wilderness...and they're showing no signs of being able to find their way back to relevance. and their apologists/supporters are angry, bitter.....and well..... irrelevant.

13-04-2009, 05:35 AM	#179 (permalink)
Jet Gorgon Take No Prisoners Barbie Last Online: Yesterday 08:40 PM Join Date: Apr 2007 Location: Near Libbies Posts: 13,367	^ Whoa! Mr Keyes is way angry. How old is this vid, Boonie?

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