Greenspan backs bank nationalisation

[Kevin_Kennedy]

Who will coin the money? Who will do what the Federal Reserve does if we get rid of the Fed?

I've been waiting for your answer for 2 days now ass face. Answer the fucking question.

Again, the Fed doesn't coin our money.

Who will take over the role of the Federal Reserve if Ron Paul is successful in doing away with the Federal Reserve?

That role goes to Congress under the Constitution.

 

[sealybobo]

Again, the Fed doesn't coin our money.

Who will take over the role of the Federal Reserve if Ron Paul is successful in doing away with the Federal Reserve?

That role goes to Congress under the Constitution.

So I was right. We would socialize or nationalize the Federal Reserve. Sorry if I said "banks" before.

Isn't this going the opposite way that you guys typically go? Don't you usually privatize things because the government can't run anything well?

And the more you learn about this topic, the more you'll realize that I'm not a conspiracy theorist about this. The Federal Reserve and Income tax are both unconstitutional.

Don't argue with me, argue with Dr. Paul. Just because you haven't heard him say so, doesn't mean I haven't.

Have you seen Freedom to Fascism yet? It is a must see.

 

[Kevin_Kennedy]

Who will take over the role of the Federal Reserve if Ron Paul is successful in doing away with the Federal Reserve?

That role goes to Congress under the Constitution.

So I was right. We would socialize or nationalize the Federal Reserve. Sorry if I said "banks" before.

Isn't this going the opposite way that you guys typically go? Don't you usually privatize things because the government can't run anything well?

And the more you learn about this topic, the more you'll realize that I'm not a conspiracy theorist about this. The Federal Reserve and Income tax are both unconstitutional.

Don't argue with me, argue with Dr. Paul. Just because you haven't heard him say so, doesn't mean I haven't.

Have you seen Freedom to Fascism yet? It is a must see.

No, we wouldn't be nationalizing the Fed. We'd be getting rid of the Fed and making Congress do their duty under the Constitution. It wouldn't be a private group of unelected bankers making decisions for our economy, it would be our elected representatives as the founders intended.

 

[sealybobo]

That role goes to Congress under the Constitution.

So I was right. We would socialize or nationalize the Federal Reserve. Sorry if I said "banks" before.

Isn't this going the opposite way that you guys typically go? Don't you usually privatize things because the government can't run anything well?

And the more you learn about this topic, the more you'll realize that I'm not a conspiracy theorist about this. The Federal Reserve and Income tax are both unconstitutional.

Don't argue with me, argue with Dr. Paul. Just because you haven't heard him say so, doesn't mean I haven't.

Have you seen Freedom to Fascism yet? It is a must see.

No, we wouldn't be nationalizing the Fed. We'd be getting rid of the Fed and making Congress do their duty under the Constitution. It wouldn't be a private group of unelected bankers making decisions for our economy, it would be our elected representatives as the founders intended.

A renationalization occurs when state-owned assets are privatized and later nationalized again.

A renationalization process may also be called reverse privatization.

 

[Kevin_Kennedy]

So I was right. We would socialize or nationalize the Federal Reserve. Sorry if I said "banks" before.

Isn't this going the opposite way that you guys typically go? Don't you usually privatize things because the government can't run anything well?

And the more you learn about this topic, the more you'll realize that I'm not a conspiracy theorist about this. The Federal Reserve and Income tax are both unconstitutional.

Don't argue with me, argue with Dr. Paul. Just because you haven't heard him say so, doesn't mean I haven't.

Have you seen Freedom to Fascism yet? It is a must see.

No, we wouldn't be nationalizing the Fed. We'd be getting rid of the Fed and making Congress do their duty under the Constitution. It wouldn't be a private group of unelected bankers making decisions for our economy, it would be our elected representatives as the founders intended.

A renationalization occurs when state-owned assets are privatized and later nationalized again.

A renationalization process may also be called reverse privatization.

That's nice, but Ron Paul doesn't want us to nationalize the Fed.

 

[Toro]

Others backing nationalization

Alan Greenspan
Gordon Brown, UK PM
Joseph Stiglitz
Paul Krugman
Alan S. Blinder, Princeton
Nassim Taleb
Nouriel Roubini
Greg Mankiw
J. Bradford DeLong
Elizabeth Warren, TARP Oversight Panel
Dennis Gartman
Chris Whalen
Josh Rosner
Jeff Matthews
John Mauldin
Jack McHugh
Bill King
Matthew Richardson
Dylan Ratigan (CNBC, Daily Beast)
Jesse Eisinger, Conde Nast Portfolio
Martin Wolf, FT
Aaron Task (Yahoo Tech Ticker)
Paul Kedrosky (Infectious Greed, CNBC)
Nicholas Kristof (New York Times)
Mark Gongloff (WSJ)
Richard Parker (Newsweek)
Michael Hirsh (Newsweek)
David Reilly (Bloomberg)
Paul Vigna (Dow Jones)
Henry Blodget (Silicon Alley)
Willem Buiter (FT)
Adam Posen (Peterson Institute for International Economics)
Jeff Macke
Sen. Lindsey Graham
House Speaker Nancy Pelosi
Republicans (some)
Todd Harrison
Calculated Risk (Preprivatize the Banks)
Karl Denninger
naked capitalism
Eddy Elfenbein (Crossing Wall Street)
Bronte Capital
Aaron Krowne Mortgage Lender Implode-O-Meter
Roger Ehrenberg, Information Arbitrage
Felix Salmon
Interfluidity (Nationalize Like Real Capitalists)
Urban Digs

Favoring Nationalization Are . . . | The Big Picture

 

[sealybobo]

No, we wouldn't be nationalizing the Fed. We'd be getting rid of the Fed and making Congress do their duty under the Constitution. It wouldn't be a private group of unelected bankers making decisions for our economy, it would be our elected representatives as the founders intended.

A renationalization occurs when state-owned assets are privatized and later nationalized again.

A renationalization process may also be called reverse privatization.

That's nice, but Ron Paul doesn't want us to nationalize the Fed.

What would you call what he wants to do then?

This reminds me of when you guys tried to call Obama a socialist.

You were able to make that stretch but you can't seem to admit that Ron Paul wants to Nationalize the Fed.

That's when you take the Federal Reserve away from the private bankers and instead have the government run it.

So unless you are prepared to tell me how his plan is different than nationalizing the Feds, stfu. What name would you give it?

And if you continue to keep giving me little bitch replies that don't explain, I'm going to get angry and then this is going to be a curse off. You don't want that, and I don't want that, so stop being a cock sucker.

 

[sealybobo]

Others backing nationalization

Alan Greenspan
Gordon Brown, UK PM
Joseph Stiglitz
Paul Krugman
Alan S. Blinder, Princeton
Nassim Taleb
Nouriel Roubini
Greg Mankiw
J. Bradford DeLong
Elizabeth Warren, TARP Oversight Panel
Dennis Gartman
Chris Whalen
Josh Rosner
Jeff Matthews
John Mauldin
Jack McHugh
Bill King
Matthew Richardson
Dylan Ratigan (CNBC, Daily Beast)
Jesse Eisinger, Conde Nast Portfolio
Martin Wolf, FT
Aaron Task (Yahoo Tech Ticker)
Paul Kedrosky (Infectious Greed, CNBC)
Nicholas Kristof (New York Times)
Mark Gongloff (WSJ)
Richard Parker (Newsweek)
Michael Hirsh (Newsweek)
David Reilly (Bloomberg)
Paul Vigna (Dow Jones)
Henry Blodget (Silicon Alley)
Willem Buiter (FT)
Adam Posen (Peterson Institute for International Economics)
Jeff Macke
Sen. Lindsey Graham
House Speaker Nancy Pelosi
Republicans (some)
Todd Harrison
Calculated Risk (Preprivatize the Banks)
Karl Denninger
naked capitalism
Eddy Elfenbein (Crossing Wall Street)
Bronte Capital
Aaron Krowne Mortgage Lender Implode-O-Meter
Roger Ehrenberg, Information Arbitrage
Felix Salmon
Interfluidity (Nationalize Like Real Capitalists)
Urban Digs

Favoring Nationalization Are . . . | The Big Picture

I think if you asked most people who they trust more, Obama or the bankers that have already raped us, I think most would say they trust Obama.

Only a brainwashed right wing Republican would say they trust the bankers more.

They have been fooled into thinking that their own government is the enemy and that corporations care about them.

And I think Libertarian Republicans who worship Ron Paul should take note that the Democrats seem a lot more open to taking back the Federal Reserve than the Republicans.

If the GOP didn't lose the election, we would be seeing John McCain fighting to maintain the status quo. Rich people and corporations would continue to hide their money offshore, jobs would continue to go overseas, jobs would continue to be lost, debt would continue to go up, wages would continue to go down, and the only welfare available would be corporate.

And I love it how Republicans talk about Japan's lost decade. DUDES, we just lived through our own lost decade. 8 years and the next 2 won't be rosie either.

 

[Kevin_Kennedy]

A renationalization occurs when state-owned assets are privatized and later nationalized again.

A renationalization process may also be called reverse privatization.

That's nice, but Ron Paul doesn't want us to nationalize the Fed.

What would you call what he wants to do then?

This reminds me of when you guys tried to call Obama a socialist.

You were able to make that stretch but you can't seem to admit that Ron Paul wants to Nationalize the Fed.

That's when you take the Federal Reserve away from the private bankers and instead have the government run it.

So unless you are prepared to tell me how his plan is different than nationalizing the Feds, stfu. What name would you give it?

And if you continue to keep giving me little bitch replies that don't explain, I'm going to get angry and then this is going to be a curse off. You don't want that, and I don't want that, so stop being a cock sucker.

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

 

[sealybobo]

That's nice, but Ron Paul doesn't want us to nationalize the Fed.

What would you call what he wants to do then?

This reminds me of when you guys tried to call Obama a socialist.

You were able to make that stretch but you can't seem to admit that Ron Paul wants to Nationalize the Fed.

That's when you take the Federal Reserve away from the private bankers and instead have the government run it.

So unless you are prepared to tell me how his plan is different than nationalizing the Feds, stfu. What name would you give it?

And if you continue to keep giving me little bitch replies that don't explain, I'm going to get angry and then this is going to be a curse off. You don't want that, and I don't want that, so stop being a cock sucker.

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

Yes he does want to nationalize the fed. Sorry, but he does want to nationalize the fed. I don't understand why you think he doesn't want to nationalize the fed, when he does want to nationalize the federal reserve bank.

Yes, he does. Eat a dick Kevin.

 

[jillian]

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

What would you call turning over the assets and affairs of the Fed to the Dept of the Treasury? Sounds like nationalization to me, unless I'm missing something.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

GovTrack: H.R. 2755 [110th]: Text of Legislation, Introduced in House

Did you read his bill or only what people said about it? And why do you think not a single other member of Congress joined with him in sponsoring the bill?

 

[Kevin_Kennedy]

What would you call what he wants to do then?

This reminds me of when you guys tried to call Obama a socialist.

You were able to make that stretch but you can't seem to admit that Ron Paul wants to Nationalize the Fed.

That's when you take the Federal Reserve away from the private bankers and instead have the government run it.

So unless you are prepared to tell me how his plan is different than nationalizing the Feds, stfu. What name would you give it?

And if you continue to keep giving me little bitch replies that don't explain, I'm going to get angry and then this is going to be a curse off. You don't want that, and I don't want that, so stop being a cock sucker.

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

Yes he does want to nationalize the fed. Sorry, but he does want to nationalize the fed. I don't understand why you think he doesn't want to nationalize the fed, when he does want to nationalize the federal reserve bank.

Yes, he does. Eat a dick Kevin.

What an intelligent conversation we're having.

 

[Kevin_Kennedy]

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

What would you call turning over the assets and affairs of the Fed to the Dept of the Treasury? Sounds like nationalization to me, unless I'm missing something.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

GovTrack: H.R. 2755 [110th]: Text of Legislation, Introduced in House

Did you read his bill or only what people said about it? And why do you think not a single other member of Congress joined with him in sponsoring the bill?

Nobody supported the bill because they don't know about or don't support the Austrian theory of the business cycle.

 

[jillian]

Nobody with any economic credibility supports the Austrian school....

but again, my main question was what's the difference between turning over the Fed to the Treasury and nationalizaiton?

 

[sealybobo]

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

What would you call turning over the assets and affairs of the Fed to the Dept of the Treasury? Sounds like nationalization to me, unless I'm missing something.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

GovTrack: H.R. 2755 [110th]: Text of Legislation, Introduced in House

Did you read his bill or only what people said about it? And why do you think not a single other member of Congress joined with him in sponsoring the bill?

Nobody supported the bill because they don't know about or don't support the Austrian theory of the business cycle.

Ha Ha Kevin. Now Jillian is asking you the same fucking question. You thought you were being cute with me and I'll admit that you were frustrating me.

Now, you can answer Jillians question or go fuck yourself.

 

[Kevin_Kennedy]

Nobody with any economic credibility supports the Austrian school....

but again, my main question was what's the difference between turning over the Fed to the Treasury and nationalizaiton?

Well that's not true. Friedrich von Hayek won a Nobel prize in economics.

It's not turning over the Fed to the Treasury, as the Fed will cease to exist. But I do see your point. I simply never looked at it in terms of being nationalization, and sealy wanted to be annoying about it.

 

[sealybobo]

I can't admit that Ron Paul wants to nationalize the Fed, because Ron Paul doesn't want to nationalize the Fed.

Yes he does want to nationalize the fed. Sorry, but he does want to nationalize the fed. I don't understand why you think he doesn't want to nationalize the fed, when he does want to nationalize the federal reserve bank.

Yes, he does. Eat a dick Kevin.

What an intelligent conversation we're having.

I told you if you kept repeating yourself without giving any explaination that I was going to turn into just as much a little bitch as you were being. So now you know how I felt when all you did was continue to repeat yourself.

I think you are just PISSED that a flaming liberal like me has a lot in common with Dr. Ron Paul.

Let's put it this way. If either party was going to do what Dr. Paul suggests, it certainly would not be the Republicans.

And now you see the Dems (Chris Dodd) kicking around the idea.

And watch who cries foul the most. Rush, Hannity, Boehner, the GOP!!!!!!

Time to wake up boy.

PS. Answer Jillians question.

 

[Kevin_Kennedy]

What would you call turning over the assets and affairs of the Fed to the Dept of the Treasury? Sounds like nationalization to me, unless I'm missing something.



GovTrack: H.R. 2755 [110th]: Text of Legislation, Introduced in House

Did you read his bill or only what people said about it? And why do you think not a single other member of Congress joined with him in sponsoring the bill?

Nobody supported the bill because they don't know about or don't support the Austrian theory of the business cycle.

Ha Ha Kevin. Now Jillian is asking you the same fucking question. You thought you were being cute with me and I'll admit that you were frustrating me.

Now, you can answer Jillians question or go fuck yourself.

This post reminded me of a little boy getting his big sister to beat up the bully.

 

[sealybobo]

Nobody with any economic credibility supports the Austrian school....

but again, my main question was what's the difference between turning over the Fed to the Treasury and nationalizaiton?

Well that's not true. Friedrich von Hayek won a Nobel prize in economics.

It's not turning over the Fed to the Treasury, as the Fed will cease to exist. But I do see your point. I simply never looked at it in terms of being nationalization, and sealy wanted to be annoying about it.

What happened to the oil companies when Chavez kicked them out of Venesuela?

IT DOESN"T MATTER what they did. That has nothing to do with the fact that he nationalized his countries oil.

Anyways, this is the first time a right winger has admitted being wrong. I'm mad at you because it took Jillian to pull the truth out of you, but I do give you mad respect for admitting you were wrong.

If only it didn't take a god damn week Kevin.

 

[jillian]

It's not turning over the Fed to the Treasury, as the Fed will cease to exist. But I do see your point. I simply never looked at it in terms of being nationalization, and sealy wanted to be annoying about it.

yes. the Fed under RP's bill would cease to exist, but like a company that's merged into another, it's assets, records, etc., would all be turned over to the Treasury Dept. So, you might want to give some thought as to whether you think that's nationalization or not. I only know what it looked like to me when I read the bill.

As for sealy... well, that's between y'all.

thank you for answering me.