No Pain-Free Cure For Recession

Discussion in 'Economy' started by Kevin_Kennedy, Dec 30, 2008.

  1. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    17,590
    Thanks Received:
    1,581
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,027
    Peter Schiff Says There's No Pain-Free Cure for Recession - WSJ.com

    Peter Schiff makes a good point about people wanting to avoid a recession at all costs, so they latch on to any supposed quick fix proposed by the Keynesians.
     
  2. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    10,392
    Thanks Received:
    1,858
    Trophy Points:
    280
    Ratings:
    +5,047
    Like giving banks who have already raided the system throughally Billions of more taxpayer dollars?
     
  3. Kevin_Kennedy
    Offline

    Kevin_Kennedy Defend Liberty

    Joined:
    Aug 27, 2008
    Messages:
    17,590
    Thanks Received:
    1,581
    Trophy Points:
    205
    Location:
    Ohio
    Ratings:
    +2,027
    Absolutely.
     
  4. RodISHI
    Offline

    RodISHI Gold Member

    Joined:
    Nov 29, 2008
    Messages:
    10,392
    Thanks Received:
    1,858
    Trophy Points:
    280
    Ratings:
    +5,047
    "Standard Banking Practices."

    Creative accounting.

    Resale of loans that should have never been made in the first place.

    Extortion of those who refuse to play their game.

    Altered documents via addition of papers to previously signed documents, cut and paste, altering of loan documentation via any means that seems handy at the time.

    Tax appraisers are on the banker's who to get to know well and get along with list.

    Erroneous 1099's to take a loss at the end of the day so banks can lesson the tax burden.

    Pressure victims into reliquishing rights when the bank's may be exposed to be the true can of worms that they are.

    Rise above the people by hiring on the majority of the lawfirms that may have defended any person who fell victim to these banking SOP's.

    Include political lobbyist by the hundreds to plummit the peoples representatives with mis-information to support your illigetimite operations while you are stripping the nation of it's wealth.

    Support the peoples candidates that will go along with the program by establishing representatives that support the banking industry as a whole.

    Use the representatives that are bank friendly to keep the people in line as we the banker fill our pockets with more of the peoples money.

    I am sure others can add to that list of the bank's SOP's
     
  5. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    That's why tue Austrian Schooled economists are wrong, right now.

    Nations are NOT individuals.

    MACRO economics is not HOME economics.

    Now the above does NOT mean that I support the solutions they are imposing now, just that I do not agree with the simplictic notion that the Austrians seem to cling to.
     
  6. brisket
    Offline

    brisket Rookie

    Joined:
    Dec 29, 2008
    Messages:
    17
    Thanks Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    but without a safe and strong national bank this country will fall in pieces....
     
  7. mash107
    Offline

    mash107 Active Member

    Joined:
    Dec 24, 2008
    Messages:
    570
    Thanks Received:
    82
    Trophy Points:
    28
    Ratings:
    +82
    lol, funny.

    because our nation was doing absolutely horribly from 1789 to 1913? or 1971, technically, because that's when the Fed got complete control of our currency.

    owait, we've only fought two wars in that period compared with 10+ since, and the rich and powerful didn't have a mechanism to make the poor pay for mistakes made by the powerful.
     
    Last edited: Dec 30, 2008

Share This Page