The Battle Rages On: Class Warfare.

[medicineman]

....

Learn your history.

After solving the immediate problem FDR came up with a long term regulatory solution so that history couldn't repeat itself. The law was called Glass Steagall.

http://en.wikipedia.org/wiki/Glass–Steagall_Act

Then in the 90's we removed those safe guards and repealed Glass Steagall with the Gramm-Leech-Bliley Act.

http://en.wikipedia.org/wiki/Gramm–Leach–Bliley_Act

That is how too big to fail happened. So yes, FDR did engage in bailouts. But then he immediately fixed the problem and we were good for the next 60 years. Then idiots pushed deregulation as a way to grow the economy resulting in economic collapse and too big to fail.

You know Dan, a wise man once told me that arguing with idiots kinda makes one an Idiot oneself. Of ourse I never listened to wise men and continue to argue with these libertarian (Teabagger retards) untill I just can't take any more bullshit, then I humbly retire to my undisclosed location in a bunker 800 feet beneath Cheneys bunker. It's like arguing with a rock.

 

[DrFever]

That's just one region.... We have many more. Utah has huge reserves in the fishmountain and East and western slope that have not been tapped, Canada, Artic, Anwar the Gulf, The west coast and all the other site that have not even been looked at or discovered. Not to mention the vast Shale sand oils that we are allowed to even develope technology to exploit. My point is that oil production "peaked" in the 70's only because global extraction slowed (due to the OPEC cartel) not because we are running out yet.

we have peaked sure there are resiviours of oil that have not bin tapped but for the last 10 years i have not only cemented more drilled holes back, Cause of no oil to be found, or not worth the costs to put into production. And to add to this were are drilling more injection wells to get more out of the exsisting wells
Yes Tarsands (Ft Mcmuray) but the cost to extract the oil from the sands are costly and devastating to the land and fresh water supply the next idea was corn
but in reality it takes way to much corn to make fuel thus takin foods away from the world with the population increasing every year by the millions world wide food also is becomeing shorter something is goin to have to give

 

[doc111]

"Hey asswipe, you talkin to me"? I'm retired, worked hard all my life. Worked two jobs and went to night school to get my 2 year degree. Family responsibilities slowed down my nightschool, as I had to maintain an income, No wealthy parents or school grants, just hard work. So quit with the smart ass punk shit, I eat punks like you for breakfast and fart idiot gas all day. BTW, I can well afford the internet and pretty much everything else one needs to maintain a pleasant lifestyle, fuck you, and your superiority attitude, have a nice day.

Hahahahaha!!!!!!!!!! I love it when you get all butthurt and start in with the e-tough guy act! That line may have actually been from a Dirty Harry movie. lol!!!!!!!!! Oh meddie, you are so entertaining! Seriously! It's why I love the politics sub-forum here so much. I especially liked the part where you say "I eat punks like you for breakfast and fart idiot gas all day". Classic shit!

 

[Windsblow]

Are you saying this is not true? If so, you must be deaf dumb and blind. I'll bet it's all ACORNS' fault, eh? Yeah those big bully community organizers caused all this shit where 1 in 7 homes is in foreclosure in my state, Nv., 14% unemployment, really closer to 20% in real figures. Those lying scumbag news reporters, just trying to mindfuck us to tears, while all of you on the right have all the facts and figures to support your claims that it is really a socialist takeover, What a pile of horseshit. You guys need to get better PR men. Your shit really stinks.

Are you some kind of Jerk? I'm not calling you names and I am not on the "Right"

 

[jesus of Cannabis]

You know Dan, a wise man once told me that arguing with idiots kinda makes one an Idiot oneself.

No arguing here, lol

"Hey asswipe, you talkin to me"? I'm retired, worked hard all my life. Worked two jobs and went to night school to get my 2 year degree. Family responsibilities slowed down my nightschool, as I had to maintain an income, No wealthy parents or school grants, just hard work. So quit with the smart ass punk shit, I eat punks like you for breakfast and fart idiot gas all day. BTW, I can well afford the internet and pretty much everything else one needs to maintain a pleasant lifestyle, fuck you, and your superiority attitude, have a nice day.

 

[Windsblow]

we have peaked sure there are resiviours of oil that have not bin tapped but for the last 10 years i have not only cemented more drilled holes back, Cause of no oil to be found, or not worth the costs to put into production. And to add to this were are drilling more injection wells to get more out of the exsisting wells
Yes Tarsands (Ft Mcmuray) but the cost to extract the oil from the sands are costly and devastating to the land and fresh water supply the next idea was corn
but in reality it takes way to much corn to make fuel thus takin foods away from the world with the population increasing every year by the millions world wide food also is becomeing shorter something is goin to have to give

This is true. I see it happening in Wyoming with the NG wells. But how much of this has to do with politics and special interest.

 

[Johnnyorganic]

Are you some kind of Jerk? I'm not calling you names and I am not on the "Right"

You have now been initiated into the politics forum.

Once Uncle Pervy applies his sweeping generalizations and ridiculous stereotypes, based on his preconceived notions, to you; you have arrived.

Welcome to RIU.

Pay no attention to that ignoranus. He's just a sad, old gasbag.

 

[DrFever]

This is true. I see it happening in Wyoming with the NG wells. But how much of this has to do with politics and special interest.

IMO oil will be an always will be a influence with politics and special interest oil is the only tool that operates the world its all about oil why is USA in Iraq, and Libya its all about oil, Oil makes litterally everything could you imagine for one moment if all oil was to stop within weeks there be no fuel for you to get to work, could you imagine if it was winter you would freeze to death natural gas would stop i wouldnt doubt that within 6 months of none oil the world as we know it would be like the cave man days
then with the amount of trees that would suffer as people would go back to wood heating etc, thinking about is pretty dam scarey the food you so get at your local market is no longer there remember semis arent deliverying theres no oil or gas how long would it take before people would start to pilage actually kill for food

 

[DrFever]

A very wise general once said, “Never give an order you know is not going to be obeyed.” When I look back and analyze the decline and destruction of western civilization I believe abandoning the gold standard was the time bomb. Nothing else I can think of could have brought down western civilization. With a gold standard there would be no welfare state today. There would be no destruction of the nuclear family.

There would be no inflationary spiraling. There would be no illegal immigration invasion. There would be no complete moral breakdown. The physical boundary of a physical accountability currency would have purged out anti-survival threats long before they could bring down the whole system. You know the economy is completely out of balance when the essential workingman is barely surviving while many nonessential professions are raking in millions upon millions.

The day of reckoning looms on horizon. However, there is never a set prediction for the future, man always has the option through his action to determine his future. “The horse is out of the barn, the tooth paste is out of the tube, the train has left the station, no need to cry over spilled milk, a day late and a dollar short, you can’t turn back the clock," or some other metaphor is how I see it.

There is no painless way out of sleeping in the bed we have made. Not even the fall of the Roman Empire could destroy western civilization, but I assure you the welfare states can and will. The only burdens the government should have in a democracy are the responsibility for internal and external protection, and other administrative costs.

Then if the economy collapsed the government should still have enough treasure to survive to regroup. Our government has taken on the burden of supporting the welfare state and if the economy collapses the masses of dependents will be left with no means to survive. Even now, the US. government should be weaning itself of its masses of dependents burden, but is instead headed in the opposite directions and taking on more burdens.

In my view it is insane, shallow, and living in the moment. To me this makes our long term survival a roll of the dice. The only thing that is going to give western civilization a fighting chance is a lean and mean government with proud, independent, and self-sufficient nuclear families, otherwise get prepared to start praying several times a day. And lastly, you can write me off as a kook, so be it, but history will be the final judge.
I'm sure those that believes in one world government See me as irrelevant

 

[DrFever]

For more than a century ideological extremists at either end of the political spectrum have seized upon well-publicized incidents ... to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated global political and economic structure—one world, if you will. If that's the charge, I stand guilty, and I am proud of it.[53]

 

[mame]

I realize that most of this thread is just incoherant rantings about (insert whoever you disagree with) and has more insults than real talking points but...

For the 1000000th time, the U.S. is NOT facing "runaway inflation".

 

[Windsblow]

IMO oil will be an always will be a influence with politics and special interest oil is the only tool that operates the world its all about oil why is USA in Iraq, and Libya its all about oil, Oil makes litterally everything could you imagine for one moment if all oil was to stop within weeks there be no fuel for you to get to work, could you imagine if it was winter you would freeze to death natural gas would stop i wouldnt doubt that within 6 months of none oil the world as we know it would be like the cave man days
then with the amount of trees that would suffer as people would go back to wood heating etc, thinking about is pretty dam scarey the food you so get at your local market is no longer there remember semis arent deliverying theres no oil or gas how long would it take before people would start to pilage actually kill for food

That's why I have 2 years of food supply, Silver coins, Stockpiled hierloom seeds, tobacco seed and opium seed, Guns/Ammo and a paid for cabin in the mountains with year round fresh drinkable water. I am what they called a paraniod extremist. OR what I call prepared.

 

[DrFever]

I realize that most of this thread is just incoherant rantings about (insert whoever you disagree with) and has more insults than real talking points but...

For the 1000000th time, the U.S. is NOT facing "runaway inflation".

why would you say that ?? how many more bailout s will it take for you to realize it how many more people that will lose there house this year before you understand theres a problem a serious problem why do you think so many countrys are concerned whats goin to happen in usa other countrys have exhausted there loaning back your US money that there getting sketchy and scared
i for one if i was president would fire the federal reserve or declare war on them take our money back and control our destiny not prolong our agony i would come up with a solution and work for the citizens of the usa not become another puppet being told you better not veto that or this cause i gave you millions for your campaign an you owe me
i would sit down with citizens and say these next few years are goin to be the hardest on all of us as i plan to lower our deficiet meaning taxes will go up this is to keep our country alive an get back on track being the best country in the world i would be like most countrys and stop being such a war mongol an stop spending money we dont have for wars we never were goin to win
I would rather take care of the people feed the poor help all american citizens you know them ones that made this country ???

 

[mame]

why would you say that ?? how many more bailout s will it take for you to realize it how many more people that will lose there house this year before you understand theres a problem a serious problem why do you think so many countrys are concerned whats goin to happen in usa other countrys have exhausted there loaning back your US money that there getting sketchy and scared
i for one if i was president would fire the federal reserve or declare war on them take our money back and control our destiny not prolong our agony i would come up with a solution and work for the citizens of the usa not become another puppet being told you better not veto that or this cause i gave you millions for your campaign an you owe me
i would sit down with citizens and say these next few years are goin to be the hardest on all of us as i plan to lower our deficiet meaning taxes will go up this is to keep our country alive an get back on track being the best country in the world i would be like most countrys and stop being such a war mongol an stop spending money we dont have for wars we never were goin to win
I would rather take care of the people feed the poor help all american citizens you know them ones that made this country ???

Look, I'll spell it out for you - because you just argued against yourself without even realizing it.

You said more people will lose their homes but you fail to understand that the federal reserve is, in fact, helping to alleviate this issue via QE2 by creating inflation which helps people in debt. Inflation is at lower levels than it has been in decades (we're actually closer to deflation than "runaway inflation" right now, especially if the Republican agenda of Austerity succeeds) so it makes sense to embark on a controlled inflationary set of policies in the wake of the recession (hint: it's working quite well).

 

[Windsblow]

Look, I'll spell it out for you - because you just argued against yourself without even realizing it.

You said more people will lose their homes but you fail to understand that the federal reserve is, in fact, helping to alleviate this issue via QE2 by creating inflation which helps people in debt. Inflation is at lower levels than it has been in decades (we're actually closer to deflation than "runaway inflation" right now, especially if the Republican agenda of Austerity succeeds) so it makes sense to embark on a controlled inflationary set of policies in the wake of the recession (hint: it's working quite well).

All we are doing is playing a dangerous balancing act. You say it is working quite well. How? All we are doing right now is prolonging the inevitable by attempting to avoid a depression by priming the system with a storm of liquidity. That can backfire and turn into run away inflation. When we are forced to increase the interest rates because China and Japan will no longer buy our debt what happens then. All the sudden the monetary pressure switches from deflationary to inflationary, then what will all that liquidity do? America is in a position possibly to suffer from depression or inflationary disasters. We still have 60% of the realestate due to readjust and we haven't even felt the commercial realestate burst yet. Anything possible at this point and we are at the mercy of China and all the debt holder kneejerk reactions to market shifts. Not a good place to be. Both parties Dems. and Rep. be it ignorance or evil intent, are hell bent on destroying us. Anyone who believes one party is innocent of economic and moral treason should wake up and smell the soilent green.

 

[mame]

All we are doing is playing a dangerous balancing act. You say it is working quite well. How? All we are doing right now is prolonging the inevitable by attempting to avoid a depression by priming the system with a storm of liquidity. That can backfire and turn into run away inflation. When we are forced to increase the interest rates because China and Japan will no longer buy our debt what happens then. All the sudden the monetary pressure switches from deflationary to inflationary, then what will all that liquidity do? America is in a position possibly to suffer from depression or inflationary disasters. We still have 60% of the realestate due to readjust and we haven't even felt the commercial realestate burst yet. Anything possible at this point and we are at the mercy of China and all the debt holder kneejerk reactions to market shifts. Not a good place to be. Both parties Dems. and Rep. be it ignorance or evil intent, are hell bent on destroying us. Anyone who believes one party is innocent of economic and moral treason should wake up and smell the soilent green.

Your entire post seems to rely on the premise that we are close to higher interest rates and are at the "mercy of China and all the debt holder kneejerk reactions to market shifts" so let me fill you in on something:

Lenders are more than willing to lend to the U.S. at historically low rates. The nation is not broke. We do not need to pursue an agenda of Austerity.

 

[Windsblow]

Your entire post seems to rely on the premise that we are close to higher interest rates and are at the "mercy of China and all the debt holder kneejerk reactions to market shifts" so let me fill you in on something:

Lenders are more than willing to lend to the U.S. at historically low rates. The nation is not broke. We do not need to pursue an agenda of Austerity.

I don't know were you get this. Just google the words "American debt". Try it...... I dare you

We will be forced to increase interest rates. The debt holders aren't going to hold debts that don't pay.

If they are so willing to buy our worthless notes why in the hell are we forced to monetize our own debt. The Federal Reserve is now forced to buy States Debts. That what I call a dangerous hat trick.

 

[DrFever]

I don't know were you get this. Just google the words "American debt". Try it...... I dare you

We will be forced to increase interest rates. The debt holders aren't going to hold debts that don't pay.

If they are so will to buy our notes why in the hell are we forced to monetize our own debt. The Federal Reserve is now forced to buy States Debts. That what I call a dangerous hat trick.

exactly what were to happen tommorow china calls usa and say time to pay up the 40 trillion you owe us or japan cashing in saying well guess what its time USA were in trouble and need our money back but hey call on federal reserve huh ) its proven knowledge usa cant even balance there books let alone pay there debt back you think you can just print up money thats what fckt you in the first place
Over time, that excess of printing has destroyed the value of that dollar you think you have. If you want to know by just how much, go out and try to purchase 371.25 grains of silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious, such as the 1985 devaluation (done to halt the trade imbalance) which triggered the Japanese real-estate grab in this country.
you think inflation as you look what they say its all bs its just to show lenders were still good to invest in no different how

This brings us to the "equities markets", most notably the stock market. Over the last several years a constant media harangue has assured us that the soaring numbers of the stock market are the sole measure of how good our economy is. But close examination of those high-priced stocks reveals that most are heavily over-valued; their price the result of market forces rather than underlying worth (earnings ability). Amazon.com, as one example, has had a terrific run-up of its stock price, even though the company itself has yet to show a profit. The government has admitted to using covert means to prevent a market downturn; to keep the stock prices at an artificially high and overvalued level, in order to wave those impressive numbers about as "proof" that everything is okay so that the taxpayers go back to work and pay more taxes. But in order to keep those stock prices up above their actual worth, demand must be maintained to keep the prices high. In other words, NEW investors must constantly be brought into the bottom of the pyramid

 

[Windsblow]

exactly what were to happen tommorow china calls usa and say time to pay up the 40 trillion you owe us or japan cashing in saying well guess what its time USA were in trouble and need our money back but hey call on federal reserve huh ) its proven knowledge usa cant even balance there books let alone pay there debt back you think you can just print up money thats what fckt you in the first place
Over time, that excess of printing has destroyed the value of that dollar you think you have. If you want to know by just how much, go out and try to purchase 371.25 grains of silver right now. Usually, the deterioration is gradual. Sometimes, it has to be obvious, such as the 1985 devaluation (done to halt the trade imbalance) which triggered the Japanese real-estate grab in this country.
you think inflation as you look what they say its all bs its just to show lenders were still good to invest in no different how

This brings us to the "equities markets", most notably the stock market. Over the last several years a constant media harangue has assured us that the soaring numbers of the stock market are the sole measure of how good our economy is. But close examination of those high-priced stocks reveals that most are heavily over-valued; their price the result of market forces rather than underlying worth (earnings ability). Amazon.com, as one example, has had a terrific run-up of its stock price, even though the company itself has yet to show a profit. The government has admitted to using covert means to prevent a market downturn; to keep the stock prices at an artificially high and overvalued level, in order to wave those impressive numbers about as "proof" that everything is okay so that the taxpayers go back to work and pay more taxes. But in order to keep those stock prices up above their actual worth, demand must be maintained to keep the prices high. In other words, NEW investors must constantly be brought into the bottom of the pyramid

If you look at the inflation rate say like 4% (or what ever the fabricated number is) the CPI only looks at consumables like T.V. and Tampons to calculate a national increase of prices. They for some interesting, and I think intentional, reason they don't include stock market price increases or realestate price increases. If they included more accurate indicators like those, inflation would be a much larger number. It's all funny math used by the State to MicroManage and manipulate the Markets and People.

 

[doc111]

Look, I'll spell it out for you - because you just argued against yourself without even realizing it.

You said more people will lose their homes but you fail to understand that the federal reserve is, in fact, helping to alleviate this issue via QE2 by creating inflation which helps people in debt. Inflation is at lower levels than it has been in decades (we're actually closer to deflation than "runaway inflation" right now, especially if the Republican agenda of Austerity succeeds) so it makes sense to embark on a controlled inflationary set of policies in the wake of the recession (hint: it's working quite well).

Deflation???????????? Ha! For deflation to be actually occurring, you actually have to have prices/values of things dropping. The value/price of most things is NOT dropping, in fact most things are becoming ridiculously expensive, like gasoline, for example. Housing prices are about the only thing that has fallen and they really didn't fall since there was a bubble and housing prices were artificially inflated anyways. We may not be having runaway inflation but we aren't even close to deflation. What we may have going on is the dreaded Stagflation!

http://www.msnbc.msn.com/id/42127482