Bernanke to Lawmakers - Nation >>> Massive Fiscal Cliff

Publius pro tem

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actually they are setting us up for the new "money chip" which will be implanted in our right hands and used for all transactions.if you dont have it you cant buy anything.if you have it you will be tracked at all times.is it bad news?the bible says so...
A few seconds in the microwave oven will kill the chip.
You'll live.
 

Byron999

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two words, Morgan Chase. The two banking empires so many were trying to warn us against 60 years ago, merged and now have been further consolidating, are making lots and lots of money currently. Still unsure where this is heading?
 

circles

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Good thing this post avoids politics and religion in the backstage area. :confused:
 

Byron999

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We can spend and spend on arms without worry about gold reserves needed to settle trade imbalances and domestic issues.


My understanding is this is exactly why the Bank of England was created after Patterson proposed this to the Monarch as the way gain the weatlth needed to wage war without having borrow it from the gold merchants, who were reluctant to go along with King's desire.
 

KSG_Standard

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Stagflation is in interesting phenomemon. There are dozens of articles about it's cause, it's end and all kinds of analysis on the subject. One of the most interesting things about it, is that Keynesian economics said it couldn't happen, couldn't explain it...and couldn't get rid of it.

There are quite a few economists who believe we are moving towards it again, or that we're in it now and maybe even have been since at least 1999/2000. Certainly the oil shock of the 1970s helped to bring it about...but our monetary policy helped create it too. Today, we measure inflation differently than we did in the 1970s...under the current measurements, inflation is seemingly not a problem and according to Keynesian economic theory, inflation is a way to cure stagflation. If we measured inflation the same way we did in the 70s, we are experiencing high inflation.

Economics is cool...
 

KSG_Standard

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Oh yeah, I forgot about the evil bankers and the evils of money and the evils of capitalism. Eath the rich! Ride a bike! Plant a victory garden! Save the whales! Etc., etc., etc.!
 

geochem1st

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Oh yeah, I forgot about the evil bankers and the evils of money and the evils of capitalism. Eath the rich! Ride a bike! Plant a victory garden! Save the whales! Etc., etc., etc.!

Keep repeating, only without the purple. I still don't believe you yet.
 

lunchbox

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Really?

With the money my family made in the seventies and eighties, in businesses they started up?
I have a pretty good idea of what generates revenue, pays taxes, and employs people.
When I think of the houses and cars they bought with the money my folks paid them... :hmm:

My own lifetime earnings have been enough for me to live pretty well.

Can you say the same for your ideology?

Good for you and your parents. It's great to see the American dream fulfilled.

As far as my ideology, history supports it. When executives/large biz owners re-invest in their companies instead of playing their money in the Wall St. casino, everyone benefits. Jobs are created, infrastructure is improved and overall quality of life is improved. It's no mere coincidence that the opposite has occurred since corporations are given tax breaks for outsourcing jobs and are allowed to assess their company's worth in the stock market through unrealized investments, which creates bubbles.

The Post War Economy: 1945-1960

Own it - you're swimming in it.

Whatever you want to believe, dude.

And the "latest right wing rhetoric catch phrases" aren't recent or part of a fad.
Been my mantra for 30 years.
Made it work for me too - while I watched your gang ride the gravy train and suckle the gov't teat.

If by 'my gang' you're referring to the average, middle class working guy that's still (barely) able to afford to raise his family on a single income, then I guess you're right. :thumb:

Why is it that you hate the prosperous, productive nation that we became post WWII through until Reagan was appointed by the Fed and Wall St.?

Please tell me you earn at least $40k per year, so you at least pay your own freight.

Just shy of $50k, though I don't expect you to believe me since you don't believe anything else I've said here.
 

KSG_Standard

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The problem wasn't Reagan...it was largely democraphics and the fact that many of the other countries on earth developed their own manufacturing bases and markets. We had to find a way to compete with them in a global market...the us market isn't/wasn't big enough by itself. Add in stupid monetary policy (debasement of the currency) too many regulations, a shitty tax code with too narrow a base and too many deductions/loopholes/credits and a growing welfare state with fewer workers to support the retirees and a few other problems and voila...we are where we are. To blame Reagan is freakin crazy talk.
 

lunchbox

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The problem wasn't Reagan...it was largely democraphics and the fact that many of the other countries on earth developed their own manufacturing bases and markets. We had to find a way to compete with them in a global market...the us market isn't/wasn't big enough by itself. Add in stupid monetary policy (debasement of the currency) too many regulations, a shitty tax code with too narrow a base and too many deductions/loopholes/credits and a growing welfare state with fewer workers to support the retirees and a few other problems and voila...we are where we are. To blame Reagan is freakin crazy talk.

Actually, to NOT lay some major blame on Reagan is the freakin' crazy talk.

[ame=http://www.youtube.com/watch?v=uI0DLdLwovU]Reagan vs Democrats on tariffs 1985 - YouTube[/ame]
 

KSG_Standard

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Congress writes the laws, Congress controls ALL the money...the POTUS talks, signs/vetos bills, appoints cabinet members, nominates everbody else...who must be approved by Congress. Too lay too much blame on Reagan is freakin crazy talk.
 

morrow

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Great, another back-blaming thread. Hilarious. Sad.
Let's see the Ross Perot video debates vs Clinton and Gore on trade tariffs too.
A lot easier for people to back-blame after their shitty elected president does nothing about the problem. Move forward people, quit living in the past.
 

bulletproof

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The really scary thing to me is how the average Joe spends his days terrified of the terrorists,his high blood pressure...Hes absorbed into whos winning American Idol,what Lindsey Lohan is doing this week etc,I guess my point is this,most folks I see/talk to are so distracted with all the BS that is forced down their collective throats,they dont even realize whats become of our Nation.
 

geochem1st

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Great, another back-blaming thread. Hilarious. Sad.
Let's see the Ross Perot video debates vs Clinton and Gore on trade tariffs too.
A lot easier for people to back-blame after their shitty elected president does nothing about the problem. Move forward people, quit living in the past.

If you don't understand how something as large and complicated as our system became broken, you have no hope to figure out how to fix it. Just moving blindly ahead doesn't work. And as shown, people have a wide variety of ideas on how it broke.
 

SteveGangi

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If you don't understand how something as large and complicated as our system is broke, you have no hope to figure out how to fix it. Just moving blindly ahead doesn't work. And as shown, people have a wide variety of ideas on how it broke.

These things do NOT happen overnight. They did nto magically pop into existence the second the antichrist (Obama) took office.

We were talking about "you can't blame Reagan/Bush/ whatever)" so then there we are. This junk was a long time coming.

As for regulation, if everyone was honest, there'd be NO need for regulations. The law is there to stop the crooks and keep honest people honest. You can't say (like some people) that regulation is the sole cause of all bad things. That is dead wrong.

Regulation does not equal "command economy". Not by a long shot.
 

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