No Pain-Free Cure For Recession

[Kevin_Kennedy]

As recession fears cause the nation to embrace greater state control of the economy and unimaginable federal deficits, one searches in vain for debate worthy of the moment. Where there should be an historic clash of ideas, there is only blind resignation and an amorphous queasiness that we are simply sweeping the slouching beast under the rug.

With faith in the free markets now taking a back seat to fear and expediency, nearly the entire political spectrum agrees that the federal government must spend whatever amount is necessary to stabilize the housing market, bail out financial firms, liquefy the credit markets, create jobs and make the recession as shallow and brief as possible. The few who maintain free-market views have been largely marginalized.

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.

 

[RodISHI]

Like giving banks who have already raided the system throughally Billions of more taxpayer dollars?

 

[Kevin_Kennedy]

Like giving banks who have already raided the system throughally Billions of more taxpayer dollars?

Absolutely.

 

[RodISHI]

"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

 

[editec]

As a follower of the Austrian School of economics I believe that market forces apply equally to people and nations. The problems we face collectively are no different from those we face individually. Belt tightening is required by all, including government.

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.

 

[brisket]

but without a safe and strong national bank this country will fall in pieces....

 

[mash107]

but without a safe and strong national bank this country will fall in pieces....

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.