Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Man these guys are way different from the current lunatic fringe cult of Beck types that have hijacked and brutalized the once proud mantle of the GOP.
“He is the greatest enabler of Wall Street speculation and of the disasters that brewed both before the financial crisis of 2008 and are brewing again, and I would blame the Bush White House. I would lay this right at the doorstep of Karl Rove. How did they vet the appointment of a new Fed chairman and not even read the black-and-white writings of this Bernanke fellow who said, ‘If push comes to shove, I’ll print money until the cows come home. I’ll drop it out of helicopters!’ This is Republican doctrine? This is sound money?” Stockman concludes: “The Wall Street casino is simply a consequence of what Bernanke is doing, and for that alone, he should be removed from office.”
“I think it’s monetary policy going back to Milton Friedman,” Stockman says, invoking the famed University of Chicago economist. “I think Milton Friedman is the evil genius here. He’s the one who basically told Nixon, ‘Close the gold window, throw out the old disciplines, eliminate the old rules, just let the Fed manage the money supply, let the exchange rate float, and everything will work out perfectly.’ Friedman was utterly naïve politically, and he didn’t recognize that once you threw the restraints away—of fixed exchanged rates, of a dollar tied to some metallic reserve—the Fed would be under enormous pressure politically and intellectually to make excuses to flood the market with easy money…Today we’re reaping the harvest.
“The only thing Obama needs to do is say, ‘Gentlemen and Ladies of the Congress, don’t send me a tax bill because I don’t want one,’ ” Stockman tells me. “He can take the political hit. That’s his job. That’s change you can believe in. That would put $300 billion back into the coffers, beginning in 2011 and 2012, and it would erase one of the biggest policy blunders in history. The Bush tax cuts never should’ve been passed because, one, we couldn’t afford them, and second, we didn’t earn them…The lower half of American families don’t pay income tax, and they’re the people who ought to be given a break here. By allowing these tax cuts to expire, you’re putting the burden on the top half of the income earners. What is more fair than that? So why does Obama want to extend, as apparently the White House has been saying, the tax cuts for $150,000-a-year families? So the wife can buy her 19th Coach bag?”
Stockman is especially severe on his former House colleague Dick Cheney, who as vice president insisted: “Reagan proved deficits don’t matter.” “There are big questions about how good Dick’s view of foreign policy was,” Stockman tells me, “but his possible errors there are nothing compared to how far off base he was in economic policy. That is a clueless statement, and symptomatic of why I hold the Republican Party so responsible for the mess we’re in. The Republican Party is supposed to be the conservative party. The Democratic Party is supposed to be the irresponsible party. But somehow we lost that.”
A lot of Obama's economic and foreign policies are very similar to Reagan's. It's hard to convince conservatives of that, though.
Well it seems Volckers' ideas are gaining traction in some quarters.
"John Kay, also a Financial Times columnist, has been getting traction with his proposals for “narrow banking” — very much along the lines recently proposed by Paul Volcker. Allow banks to provide only a limited range of essential financial services, around deposit-taking, he asserts, and regulate those activities tightly; any other risk-taking parts of finance should be separated from the regulated “safe” parts. If that separation could really be effective — and that is the big “if” (ask Mr. Volcker) — then anything in the “risky” category could safely be allowed to fail without disrupting the fundamental credit mechanism."
Once again, I will spell out the point of this thread for you.
Paul Volcker is economic titan from the Regan era that is widely credited with reducing double digit inflation to under 4%.
The fact that he is on President Obama's team shows how non-ideologically dogmatic Obama is on working with people who offer SOLUTIONS.
At the Tea Party convention, Mrs. Palin mentioned Reagan as one of the right wing's greats.
Volcker has a set of proposals, known as the Volcker Rules that Obama has been pushing to implement.
One would think given Volcker's experience and record, more Republicans would be at least willing work on implementing at least some of the proposals. Has this Reagan era great even been interviewed on Limbaugh, Beck or any Fox News affiliate?
If this is not so, given the high prestige of Reagan among the current crop of right wingers, this is somewhat perplexing, IF they are indeed truly about SOLUTIONS AND PROBLEM SOLVING.
What blathering nonsense ... Volcker is just another cog in the gangster run Obama administration ... a long term insider, formerly of Chase Manhattan Bank, The Treasury Department, and the New York Federal Reserve Bank. He was appointed by that great economist President Jimmy Carter as the Chairman of the Federal Reserve Board, and we all know how wonderful the economy did under Carter .. don't we?
Volcker is a Giant ... a Giant CROOK, just like all the rest of these filth scumbags (the Yale-Harvard-Princeton elitists)... and he's only to quick to wag his finger at the victims (we the people) as responsible for the financial crisis he and his crony crooks created. He'll tell you it's YOUR fault for spending too much and saving too little. A load of crock from a giant crook!
Every one of these guys from the Federal Reserve (unlike a lot of the dummies in congress ... some even dumb enough to believe Islands like Guam could actually capsize) know EXACTLY what the game is and how they are destroying this nation with their fraudulent central banking schemes.
Volker is an insider, and he and his ilk are the conspirators and primary cause for the financial meltdown we now have. He's been involved over the decades in the boom-bust cycles orchestrated by the banking cartel ... so if you want to give him any credit for "curing" inflation under Reagan, lets give him all the credit he deserves ... and then give him what he really deserves ... a pin striped suit to wear for the rest of his life at a Federal Penitentiary.
What blathering nonsense ... Volcker is just another cog in the gangster run Obama administration ... a long term insider, formerly of Chase Manhattan Bank, The Treasury Department, and the New York Federal Reserve Bank. He was appointed by that great economist President Jimmy Carter as the Chairman of the Federal Reserve Board, and we all know how wonderful the economy did under Carter .. don't we?
Volcker is a Giant ... a Giant CROOK, just like all the rest of these filth scumbags (the Yale-Harvard-Princeton elitists)... and he's only to quick to wag his finger at the victims (we the people) as responsible for the financial crisis he and his crony crooks created. He'll tell you it's YOUR fault for spending too much and saving too little. A load of crock from a giant crook!
Every one of these guys from the Federal Reserve (unlike a lot of the dummies in congress ... some even dumb enough to believe Islands like Guam could actually capsize) know EXACTLY what the game is and how they are destroying this nation with their fraudulent central banking schemes.
Volker is an insider, and he and his ilk are the conspirators and primary cause for the financial meltdown we now have. He's been involved over the decades in the boom-bust cycles orchestrated by the banking cartel ... so if you want to give him any credit for "curing" inflation under Reagan, lets give him all the credit he deserves ... and then give him what he really deserves ... a pin striped suit to wear for the rest of his life at a Federal Penitentiary.
Man ... you people are CLUUUUUUUE - LESSSSSSSS
You know you put up this front as a know it all about what's going on.
At least when I post about problems, I make an effort to post along with them constructive solutions to them.
Yet when I asked you, Mr. Know It All about what YOUR solutions for reform, if the ideas I was offering were flawed, what do YOU propose that would be more effective.
That was when you promptly disappeared into the mists.
Look so far all you've done is whine, complain and criticize.
The only who looks to be blathering and mouthing off is YOU.
So okay, Mr I know It All Better Than Thou, lets finally hear it, all out in the open, once and for all.
What are YOUR ideas and strategies to reform the political and economic system of the nation?
You know you put up this front as a know it all about what's going on.
At least when I post about problems, I make an effort to post along with them constructive solutions to them.
Yet when I asked you, Mr. Know It All about what YOUR solutions for reform, if the ideas I was offering were flawed, what do YOU propose that would be more effective.
That was when you promptly disappeared into the mists.
I didn't disappear, I gave up, out of the frustration of talking to a brick wall. I told you three times that your idea of campaign finance reform was a fruitless exercise, just as it has been a dozen times in the past. That is the definition of insanity .. doing the same thing over and over again, and expecting a different result. Have you any idea how may "campaign finance reform" exercises have been proposed and implemented over the years ... some of which were before you were born? And where is Ron Paul's audit the FED now? A gumless dog ... no teeth ... and the reform bill gives the FED even more power and control ... just as I have maintained would happen right from the start.
The only way to kill a snake is to kill it's head ... the Federal Reserve is the head ... not chase the tail ... campaign finance .. term limits .. or any other window dressing. Until to lock up the crooks, the robbery will continue. You want to keep building a better vault, but the heist is occurring from the inside!!!
Quote:
Originally Posted by kovert
Look so far all you've done is whine, complain and criticize.
The only who looks to be blathering and mouthing off is YOU.
So okay, Mr I know It All Better Than Thou, lets finally hear it, all out in the open, once and for all.
What are YOUR ideas and strategies to reform the political and economic system of the nation?
The first thing would be proper education of the masses who, like you operate under, and form opinions on an increasingly high stack of fallacies, which sit atop one another like a house of cards.
You may not get this either, because you lack proper foundation ... for you and many many others, I'd recommend you read the book "The Creature from Jeckyll Island" which will give you that missing foundation.
A comment about this book from Rep Ron paul "A superb analysis. Be prepared for one heck of a journey through time and mind." – Ron Paul, Member of Congress, House Banking Committee".
and ...
"A gripping adventure into the secret world of the international banking cartel." – Mark Thornton, Asst. Professor of Economics, Auburn University, Coordinator of Academic Affairs, Ludwig von Mises Institute
Once you read the book, you will have the foundation to understand what I'm about to say ...
The Federal Reserve System is a fraud of gigantic proportion, and was designed from the very beginning to control the United States, economically, politically, and dictate US foreign policy. And because of the United States prominence after WW II, the ability to control world economies, by positioning the US Dollar as the world's reserve currency was a relatively easy task. It's a well known secret that this banking cartel financed both sides of WW II, just as they have all other wars. Wars are big money .. first, in the equipment and munitions to blow everything up .. and in the subsequent reconstruction afterward. (Another good book ... War In A Racket, by Mj Gen. Smedly Butler ... written in the 1930's I believe).
The World Bank, The IMF, and the Federal Reserve are all branches of this central banking cartel that literally controls the world .... I know, I know ... "conspiracy theory" ... this is the cover theme drummed into the minds of the masses to keep them ignorant. Once you know ... once you educate yourself, you'll NEVER say "conspiracy theory" again. This is conspiracy FACT, and is well documented, but not advertised for obvious reasons. You won't find any of this in the public school history books, I guarantee that.
Mayer De Rothschild (the hub of this cartel) once said "give me control of a nation's currency, and I care not who makes it's laws". And this is exactly what the Federal Reserve Act of 1913 did ... it was the financial vehicle to finance America's involvement in WW I, offering the cartel the opportunity to gain firm control of the US through these debts. They created the great depression in order to gain more monetary controls under the guise of preventing another depression, and their stranglehold on America was strengthened even further through the debts incurred during WW II. And every economic boom and bust have been orchestrated by this cartel from 1913 until today. EVERY ONE OF THEM.
Now you can claim conspiracy theory if you like ... but what I have just described was warned about by none other than Thomas Jefferson when he said " "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
This is EXACTLY what is transpiring now, as we speak. Conditions today are similar to the conditions we faced at the start of the Great Depression, with a few very important differences. Then, the currency was backed by gold and silver ... we didn't have the massive debt we have today ... and it still took WW II, and the post war economic boom to pull us out of the fire. None of those conditions are present today ... the money is backed by nothing ... we have massive debt .. and there is no chance of a manufacturing boom to pull us out because most of it no longer exists, and has been moved off shore. Even GM is now controlled by the government (i.e. the Federal Reserve who now owns America because of the debt we have no ability to repay).
Basically, what has happened is the banking cartel have literally overthrown the constitutional government of the United States of America, and replaced it with the United States Corporation, a wholly owned subsidiary of the Federal Reserve Bank ... a non federal, private Banking cartel.
So, any solutions proposed by or relying on the US Government and the Federal Reserve System to "Fix" the economy is like expecting the Fox to guard the chicken coop. They'll "Fix" it alright ... they have already fixed it ... which is why we are all in such a fix. And that includes the world economy which is inextricably tied to the US economy due to 60 + years of the dollar being the World Reserve Currency. The dollar is exhausted ... through inflation, and is at the end of it's life cycle ... a fate every fiat currency is destined to meet ... always has, and always will.
Once you understand these fundamental facts, you'll realize what the goal really is .... they've created these ties to the world and the US dollar ... and now they are delivering the final blows to kill the dollar and the world economy, so that they can replace the entire system with a new, more consolidated one of their design. They plan to do to the world what they did to America through the Federal Reserve System ... control the world with a new world currency to replace the worthless dollar. That same control they gained with the dollar will be even greater with a single world currency, and just as Jefferson warned about what would happen if America ever let central banks control the issue of our currency, that is what will happen to the world.
The solution to all of this may not even be possible ... at least, not without experiencing the Great Depression II (which will be the Great Depression Squared). We're gonna see civil unrest, and potentially civil war, (just as these things are now occurring in Greece and elsewhere) which is why NORTHCOM is gearing up for such an event here. We are likely to see a war with Iran, and we have the BP Disaster as a distraction, and possibly these two events will be used as the excuse for the great economic collapse that is inevitable now, as was planned decades ago.
Sorry to break the news to you ... you are living in what could realistically be compared to the Matrix Movie ... a complete fantasy world. But unlike Nemo ... there is no Red or Blue pill ... no choice ... you're going to see the real world whether you choose to or not ... whether you want to or not. It's only a matter of time, and whether you wake up and see it coming and prepare as best you can ... or you get hit in the face with your eyes closed. You will see this ... now or later.
They're building the prison walls around you and you don't even see it. The Homeland Security farce passed off as protecting us from Arabs is a part of that. You don't see it, because you don't see any of it. But once you see a portion of it, you can't miss the rest of it.
All of the draconian legislation like the Patriot Act ... The Defense Authorization Act ... the executive orders by Bush and Obama ... the financial meltdown ... 911 ... the BP Disaster ... the Obama Care ... the Global Warming/Cap & Trade ... and the TRillions of dollars in "bail outs" handed to the crooks that created the financial crisis to begin with .... do you think this is all random? A perfect storm?
This is all by design. And it's time for the Kiddies to GROW UP ... Santa Claus doesn't exist! And that light at the end of the tunnel? That is the headlights of the train coming straight at you. You can stand there like a deer, or try to get out of the way.
Consider yourself duly informed.
Last edited by GuyNTexas; 07-15-2010 at 04:00 PM..
IRT your question, IMO the "modern day right" which we have today are not fiscal conservatives as we had around early in Reagan's first term. Our current "modern day right" is primary interested in abortion, homophobia, racism and theocracy; millions of unknowing rabble who have no clue which end is up. Fiscal conservatives today may be reappearing in the Tea Party, but so far all the Tea Party looks like is a Klan rally minus the sheets.
Obama has reached into the all too small bag of competent folks and pulled out a world-class talent in Paul Volcker but all Obama gets is grief from the GOP buffoonocracy for his efforts to restore our nation's finances.
lmao What a silly post. When all else fails make things up in order to further your agenda.
Your inability to comprehend what the Tea Party stands for is YOUR failing. Was it some from the Tea Party that made an issue about how wonderful it would be if there was a black president? I guess that's not racist since it came from some of the dems. Bunch of hypocrites.
The continued and laughable attempts of the liberal left to paint the Tea Party as racist is the act of cowards who have a weak platform and refuse to discuss their failed policies.
Against Obama, you're racist. Against illegals, you're racist. Can we avoid the issues and cry racism YES WE CAN!!!
You want the very same Congressional criminals who got us into this mess to get us out????? What type of lunacy is that? Going back to the poisonous well is an act of foolishness as is continually relying on our Federal government to bolster the economy.
Paul Volcker, the man who, under the Regan administration, is widely credited with bringing down double digit inflatation to under 4% is trumpheting his Volcker Rules.
I believe you are mistaken. It was Reagans tax policy that pulled inflation down. Of course Volker palyed a role in the success with monetary policy. That is a far different skill than the role he is playing now. CC Sabathia is a great pitcher but I don't think he would do very good at first base.
Paul Volcker, the man who, under the Regan administration, is widely credited with bringing down double digit inflatation to under 4% is trumpheting his Volcker Rules.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
