Larry the Legend wrote:
One more time: "I mean, we ought to have an economic situation, or at least a debate, about an economic system that works this way rather than simply accepting it in the manner of these predictions. As if there’s nothing we can do." That's right, we should. That should start and end with ending the Federal Reserve and leaving people to make their own decisions about what they will accept as money. End the Fed and the 'boom-bust cycle' ends with it.
I can't do this anymore. This guy has absolutely zero interest in making honest appraisals of the economic disaster about to break across the globe once again and he seems more interested in pushing his Marxist propaganda as some kind of panacea for the real distress being caused in our everyday lives. No wonder the colleges are producing socialists and outright c*******ts by the cartload, these kids are being indoctrinated by the likes of 'Professor' Richard Wolff and his comrades.
One more time: "I mean, we ought to have an ... (
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Good question. I guess it all depends on the fraud committed and the ease of convicting the fraudsters. Some fraud is prohibitively difficult to prove, some relatively easy. Some types of fraud are grievously harmful to a large group or section of the population, other types are hardly detectable either from their effects or by observation. It will be interesting to me as an outside observer...
Sici: Well Larry I guess that depends if one is tolerant or soft on what is considered difficult to prove.
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Is that so? I'd like to see the raw data on that statistic because just about everyone I know and speak to about this tells me that yes, they are doing better now than they ever have done before, and they attribute their greater comfort and success directly to the Trump administration either cutting taxes, reducing government fees and regulations, or both. It would seem that we do not operate in the same 'America'.
Sici: Larry, I visit with companies everyday from A to Z small, medium and large sometimes and 9 out of 10 are not doing well, only the big ones are riding out the storm - so I disagree.
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Suffering from what? And how many is so many?
Sici: C’mon Larry, where do you live the Hampton’s?
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'Tariff war'. Love it! There is no 'tariff war! Yes, certain tariffs were raised on certain products in an attempt to highlight the one-sided trade taking place across certain borders, namely between the United States and China, and the United States and the European Union. As for China, products shipped out of China are heavily subsidized by the C*******t regime over there, making trade with Chinese companies a very one-sided operation and causing American companies and workers untold hardships. Interestingly, now that there are import taxes being levied against these subsidized products, the Chinese government are suddenly open to renegotiating the terms of their relationship with American importers. Europe is a similar scenario, but on a much less grand scale.
Sici: Larry, in this camp we know none of those companies should EVER have been allowed to manufacture our goods overseas for many reasons and all those Trade Agreements ? They violate our sovereignty anyway. So I’m not a buyer anymore.
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Hmm. A Marxist college professor who bad-mouths capitalism. Imagine that. He's spot on about the frequency of so-called downturns, but that's not because we have 'capitalism' in America. Far from it. It's because we have a central bank endowed with monopoly rights to the issuance of a fiat currency that the American people are forced to use and accept as payment by law.
https://www.zerohedge.com/news/2018-11-30/how-everything-bubble-will-endSici: I agree with this post.
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Horse Puckey! Everybody got a tax cut. Not just 'the richest Americans'. Once again, Marxist disinformation being disseminated as fact. This guy has the gall to call himself an economist.
Sici: Plausible but he’s referring to that most can’t take advantage of the tax cut because they weren’t profitable, so it really benefitted the upper tiers.
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The stock market was artificially inflated for years by the Federal Reserve printing currency like there was no tomorrow. When the money base triples in a few short years, all that currency has to go somewhere, and with bank interest rates at or near zero, the stock market is the only obvious alternative. He's right about the negative impacts, but wrong about the causes, I think purposely so.
Sici: Something is obviously wrong and I still lean toward what Jim Rickard’s, Roberts, Smith and others are saying about the Super Bubble and the Fraud of the Plunge Protection teams, it’s all r****d.
You are right about the FED, endthefed.com - I agree with G. Edward Griffin and Ron Paul, Game OVER.
Trump knows he’s got to do something fast.
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One more time: "I mean, we ought to have an economic situation, or at least a debate, about an economic system that works this way rather than simply accepting it in the manner of these predictions. As if there’s nothing we can do." That's right, we should. That should start and end with ending the Federal Reserve and leaving people to make their own decisions about what they will accept as money. End the Fed and the 'boom-bust cycle' ends with it.
Sici: I can agree with this, yes it’s time to abolish the FED, IRS, IMF, ESF, BIS etc... HR25
I’ve created many topics on this over the years.
it’s Trump’s move next.