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no one there is listening to him..
too busy fiddling
Just the pick-me-up I needed to start my day...
This is a better discussion between Kudlow and Ron Paul last night.
Unforturnately, it doesn't come until 3:00 mark.
http://www.cnbc.com/id/15840232?video=1190583232&play=1
thanks, very good interview. I like how he talks about the "Establishment" oppose the Fed Audit bill. I am sure he realizes that include some Senators in his own party.
I think the most salient point he brings up is how engaged the younguns of this country are on esoteric issues like the Federal Reserve's balance sheet. As one of said youth I can attest it pisses me off to no end that the end result of these dinosaur economic theories is a massive inter-generational transfer of wealth.
These fucking boomers and their "trust the experts" mentality has bred a generation of ostriches. I draw a clear line between my folks listening intently to a pundit because that person has an ivy league degree while deriding the informed person who actually does research but has no fancy degree (deep breath) and our policymakers who readily accept when their financial overlords say "trust us, its too complicated for you to understand."
Those of us who will have to live with the consequences of fiscal and Fed nymphomania get it while the boomers and their ilk believe doubling the Fed's balance sheet will have no negative consequences cause the guy with the fancy degree said so.
Us younguns will be writing the history of this whole episode, and we will not be kind to anyone who drinks the wallstreet = main street koolaid. I admire Rep. Paul to no end for sticking to his message over the years.
I thought you had to be over 12 years old to post here?
Blame the boomers for something other than this situation, you meathead! Blame them for sexual liberation, idealistic thinking, drug experimentation, sacrifices in Viet Nam, or lots of other things, not your inability to get a high-tech job (thank the boomers for the space program!) or hold a retail sales job or keep your sexy partner satisfied.
Ungrateful moronic loser, you are. (Thank the boomers for Star Wars!)
Boomers took this country from the most productive country in the world and the largest creditor, to the most unproductive country in the world and the largest debtor.
They ruined this country in a generation. Get off your high horse dude.
Broad brush - narrow mind, Dood; also a lie.
Pfeh.
Let's see: boomer generation firmly in power; country on the verge of implosion.
1 + 1 = ?
I am Chumbawamba, and I am unphased by Captcha math.
If Democrats brought back Selective Service, would you be at risk?
First of all, no, because I would not fight any war for this regime, nor for any regime but my own.
But the answer is whether or not they would raise the age limit, for I believe I am ripened beyond the age upon which they would normally draw the fodder.
I suppose it's unfair to blame Baby Boomers exclusively. They couldn't have gotten away with it without a generally stupid populace that was willing or unwitting to go along with the plan. And it was the previous generation that set up the modern education system, that trained the Boomer generation to be such douchebags, who then trained the current generation to be such idiots, who are in the main growing up knowing all about how to use technology like wizards but nothing about how to make it, let alone even understand how it works. Am I wrong in asserting that this perhaps is the first such generation in the history of the world?
Basically, the demise of America has been baked in since about WWII, when the timer to the oven went off. The cake has cooled and we are about to chomp into the foul tasting brick we just conjured up with a hubristic flair that makes Emiril look like sweet old (r.i.p.) Julia Child.
I am Chumbawamba, and I am simultaneously saddened by and thrilled with the imminent demise of the United States of America.
Yes I am painting with quite a broad brush with my previous statement but I firmly stand by the "trust the experts" mentality that seems to pervade the boomer generation. Just an utter dearth of critical thinking that makes "its complicated" an acceptable answer.
Your examples only enhance my point. Birth control, approved by the FDA 1960. Space program, how many 24 year olds were in mission control when we landed a man on the moon? Vietnam, yeah thousands of Americans of that generation served bravely, but what leaders of ours actually went? Bush? Clinton? The number of elected leaders who served in the military has been declining steadily since, you guessed it, the 70's.
The pattern that emerges time and time again is a whole generation of folks trading on their parent's accomplishments with a utter contempt for inquisitive thought. It is no small coincidence that Rep. Paul was born in '35 and McCain beat out a swath of boomers for the nod and our current president was born in '61.
My compatriots and I are going to spend our entire lives cleaning up this shit. The boomers parents left them the greatest empire known to man and y'all are leaving us a big steaming pile. If you are a boomer then no I'm not saying you automatically suck. But if you are a boomer and were in a position of authority the past 20 years, then yeah, in all likelihood you fucked up and your kids are going to pay for your mistakes. Thanks.
Whine, whine, whine.
Unless you are telepathic and very original, you are using a personal computer invented by boomers.
When you paint with a broad brush you slop paint on the ground, on the dog, on the kids, all over the place. All I read from you is a disavowal of any boomer accomplishments mixed with a disrespect for "boomers." What a tautology! I have no disillusionment about changing your closed mind but I sure am not going to read your juvenile rant without slamming you for it. You don't know my personal situation and I don't know yours but the fact of the matter is society wasn't ready for us. We had to slide through the python as best we could. You've heard that, right? The boomer generation is going through American society like a pig through a python?
We also paid for the generation that gave us life through payments to FICA and Medicare. Boomers won't be that lucky. There will probably be NO Social Security for us, or very limited benefits.
Contempt for "inquisitive thought" is code for uber-liberal authoritarianism otherwise known as "intellectually incurious" mentality. I don't see your rant as particularly inquisitive or curious, just whiney. You seem to resent the possibility that you'll never get anywhere given the environment you're stuck with AND your intellectual capabilities. I could be wrong, you might be raking in dough from an internet loading ramp. I doubt it, though.
you haven't contributed an iota of intelligent
thought to this thread.....boomers have nothing
to point to as an accomplishment except massive
expansion of the bad ideas of their parents and
grand parents which today are eating us alive.
they are not leaders except for a mad rush to
self indulegence and consumption of forward
demand....
the last 4 generations which came of age since
1913 have generation by generation conspired
to add foolishness to foolishness in spite
of a torrential increase in education and
knowledge....it has been a failure.....
to go from the greatest creditor nation to
greatest debtor nation is not an accomplishment....
and yet i do not see the follow on generation
as any more intelligent....they went after
obama in droves and he is the biggest hoax of the
21st century - a puppet for the money class and a
liar of epic proportions....the fraud is not
an american citizen and doesn't give a fuck what
happens to this country.....a man without any
accomplishments whatsoever was elected as
president.....and by the post-boomer generation.
stick to your guns....the boomers are squanderers -
and parasites.....not creators or inventors
or achievers.....rather they are shirkers
and dodgers - most earned their stripes as
draft card burners and drug abusers....."i
didn't inhale"
and yet the war in viet nam was immoral and
the establishment led by murderers who in the
cia killed kennedy and king at the behest of the
very same oligarchy sucking blood from economy
today.
steak -
Your broad brush is your dirty diaper. Perhaps your real problem is yo boomer mama disappointed you, or you her.
The Boomer Bashers are a curious bunch. Fit right in with the blame someone else for your problems crowd.
It is hilarious how things go full circle. This behavior has been repeated generation after generation.
Fortunately the majority of the new generations have the intellectual maturity to focus on how they should engage and address what they should be doing.
There will always be the Petulant Pricks in the minority who prefer to blame anyone but themselves for their disappointment in their own situation. For that particular minority, Boomer parents who did the best they could to maintain a household and support their children through higher education have cause for concern that their resources were wasted.
As for the majority of productive people, this kind of generational back biting is a "Non Starter".
People need to concentrate on working through the problems we are faced with today. This finger pointing bullshit by the Neo Disenfranchised and the Boomer Disenfranchised is a diversion from the work that needs to be done.
with the age limit, how did you get past the
gate keepers?
boomers are firmly in charge of america's
institutions and the collapse has occurred on
their watch....they were helped immensely by
dinasaurs such as barney the fag, ted kennedy,
chris dodd, alan greedscam but the boomers only
hastened the demise....
the boomers had nothing of substance to do with
the space program
until the 1970s/1980s which followed the
great moon walk triumph.....they presided over
two disasterous in flight crashes - a harbinger
of economic things to come.
and the boomers didn't give us start wars unless
you are talking about the movie and i wouldn't
even piss on that.
the boomers leave a failed legacy but could not
have done so without the mentorship from the
previous generation....they made
sour wine from the grapes of wrath left them by
their forbears who planted such seeds in the
garden of socialism which barak obama is still
trying to hoe........in large measure they are a
delusional generation and the catastrophe in
california is the archtype of their imbecile
peter pan mentality....i say this as a baby
boomer who has lamented the destructiveness of
my generation. experts are for coercion....future
generations will pay for the leeches of the
baby boomer generation and its predecessors who
started the redistributionist swindle.
Flagellate thyself with all the gusto you can manage!
Bleed on, o penitent!
I'll be in the islands, Man!
See the 3rd video entitled "Zeitgeist Addendum" for your TRUE reason why we are in the predicament we are in..
http://www.gamingthemarket.com/2008/11/three-great-banking-documentaries.html
He is my hero.. long live King Ron Paul
He's the only politician I've ever given money. How can we get this guy elected in 2012?
Same here. Until Schiff announced his senate run.
Never too early to give money to Alan Keyes' next run for Pres.
And, for once, that is not sarcasm.
Thanks, Congressman Paul.
Buy, 10,000 SPOO's at market!
(By the way, Mr. Paul, why not at least ask Bernanke if he is in any way having the Fed or a surrogate at 85 Broad buy equities, futures or any other instrument associated with US equity markets, just to have the "No, Sir" on record?)
Every american should recite this pledge of disgust each morning.
White House Chief of Staff Rahm Emanuel told The New York Times Obama intends to use the news conference as a "six-month report card," to talk about "how we rescued the economy from the worst recession" and the legislative agenda moving forward, including health care and energy legislation.
http://www.upi.com/Top_News/2009/07/22/Obama-goes-prime-time-to-pitch-healthcare/UPI-38611248259706/
I'll bet Main Street is going to be impressed.
LOL
I hope America can see that this guy is nothing more than a salesman. Wind him up and watch him go. Next, we'll be electing news anchors because they can read teleprompters well.
"electing news anchors because they can read teleprompters well"
Palin can always try again I guess...
Actually, I agree with you. The Republican/Democrat divide has been compromised. When bankers have hedged their bets with both parties, voting is of little consequence. A false choice is the same as no choice.
I'm a broken record on this, but how hard is it to buy the system when there are only two parties to cover?
The illusion of a meaningful democracy built on a two party system makes this outcome inevitable.
Time to bury the Dem/GOP charade. And if shit hits the fan as we expect, Ron Paul will have a strong shot at a subtantial run in 2012, IMO. Support so-called minor parties, guys. Even Ralph Nader would never allow this shit to happen, not in a million years.
They've managed to marginalize RP successfully. Otherwise, he would already have been whacked.
Here is a good place to start and get reactivated for RP
http://www.campaignforliberty.com/
Call your congress rep--we pay the salaries.
Time is running out
Those in KC --a C4L meeting 7-23-2009 at 6:00 pm at the Levi- 47th and Main
1207 will be discussed----current Treasury statement will be discussed--
How to run for public office will be discussed.
Hopefully TD allows this to post-hopefully I pass the math question.
AMERICA___ITS TIME TO CUT BAIT AND FISH !!!
I like the "oh please" that starts off the video. I'd like to know who said that
RP said it in response to being given a whopping 3 minutes of time by Gentleman Barney.
3 minutes right on the nose, like he had a stopwatch ticking in his head.
no one may have been listening there,
but there are people listening elsewhere...
nice one papa paul
Nice of Paul to continue to ignore the facts... but I guess when you're busy defending pelosi on corruption charges and siding with Ahemjahad in murdering and raping Iranian citizens who long for freedom, it doesn't give one much time to collect the facts.
But then paul has never been known for his command of the facts, just his rants. He completely ignores 9/11 and the liquidity crash of Sept 17, 2008 - either of which would have, without the Fed's intervention, caused greater calamity than the Great Depression.
He also completely ignores the revision to the 95 CRA act, which Clinton signed, forcing banks to issue 'liar loans' and then Raines and Johnson in 99 (FNMA, FHLMC) changing their strategy and telling banks they would then buy and securitize all these type loans banks could make. Greenspan warned about such and Bush asked Congress 32 times for authority to regulate such - which Paul often opposed.
So he refuses to listen to those who want to stop the crisis in 2001, 2002, 2003... so he can then blame them in 2009.
He's an idiot, pure and simple. Isn't it funny how his 'principles' so often put him in step with Pelosi, Reed, Obama and murdering dicators?
where did you come from? sean hannity's ass?
Isn't the post you replied to gone now? Some anonymous wrote a lenghty diatribe this morning, which I knew would draw considerable flak, but now its gone.
Flagged as Junk, and deleted? If so, that is seriously fucked up. All of us will not agree on every issue, but everyone should have a right to be heard. Freedom of Speech is perhaps our most precious right, when you start allowing that to be tampered with, its game over.
If the blog staff doesn't remove this feature, I would urge everyone to voluntarily stop using it.
Freedom of speech only comes into play when the government turns off the microphone, not a private citizen.
ah, yes, if it isn't the Judge back to haunt us from the blogspot. why hide behind the "Anonymous"?
Are you running for the mayor of Fantasyland? I hear they're looking for neocons to fill the ballot.
r3VOLution
Ron Paul looked MAD
But Ron Paul is supposed to be a moon bat, which is, I guess, a bat that...lives...on the moon. Or something. And that's supposed to make him cRaZy. So why is he the only guy who makes sense whenever he's allowed to speak?
Aw forget that.
MOONBAT! MOONBAT! BACK TO THE MOON WITH YE, VILE MOONBAT!
I am Chumbawamba.
TD, you missed Bernanke's response:
"Don't worry about the national debt, we are never going to pay it back."
But seriously, RP is right on. Just today the Chinese are talking (again) about using their foreign reserves (i.e. USD) to buy assets. They would rather have something tangible than "promises to pay" from the FRB.
And what's funny about that today - Virtually all of the overseas assets in the wheelhouse for them to purchase... are down this morning. Meanwhile Treasuries and the Dollar are barely budged.
I'm sorry, we've already got a George.
If anyone here trades the Australian market, Chinalco is just out saying they are interested in Western Australian assets, especially non-ferrous. Very detailed!
I am so tired of hearing "a system build out of creating credit out of thin air", duh exactly where else do you think "credit" is going to be created... if it's not created out of thin air where and how is created? Where is it stored?
Sorry Congressman Paul, I like you but you have no idea how the system works. It must expand "exponentially" or it collapses. The problem being you can't expand it forever exponentially, that is the flaw of the system it is based on the presumption that you can growth at a rate needed infinitely. Sorry but that is not possible.
So he is wrong, but he is right. You completely contradicted yourself.
Uh oh, MOONBAT ALERT!!!
Hey Punky, here's how you create credit:
Phase 1: Collect underpants
Phase 2: ???
Phase 3: Profit
So by now, obviously, you're asking: "Where did I leave my understanding of basic economics?", quickly followed by, "What happens in Phase 2?"
It does not matter what happens in Phase 2, because in Phase 1 you have amassed the necessary basis of wealth upon which you will extend credit.
Now, please go track down Mr. Bernanke and ask him where he's hoarding all the underpants.
I am Chumbawamba, and it is an honor to be me.
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Ludwig von Mises
Bernanke chooses the latter.
Nice post glen.
Correct. Only the rate of collapse can be changed somewhat. The collapse was always in the cards. This collapse when it happens will probably cost billion and I am not talking dollars
precisely, it's not a matter of if in this case, it's only a matter of when.
I think it was well said in the chairman's letter of the union bancaire privee annual report 2007. I would include a link but don't have it at hand. It's easy enough to locate through online search.
The magnitude of the problem now is so extreme that it can't be whitewashed over as it has been in the past. It's truly unfortunate that those in power are unwilling to accept what will ultimately happen and through their own actions are only making things worse for the rest of us.
Here's the link to the UBP annual reports - in several languages:
http://www.ubpbank.com/cms/cache/offonce/ubp/swiss-bank/Marketing-Leafle...
Great letter.
thanks for posting the link, the one I had was extremely long.
The letter, and the brief report of the board of directors (p 6/7) is worth the read.
Can I get a Hallajuleah!
HALLAJULEAH-----hope that leaves an impression.
Someone needs to get into Benny's face literally(like 1 inch) and
just scream shut the Fk up and your going to jail.
Where is judge Roy B when you need him.
Hangem
libertarians at their best.... any national institution or large institution must be scolded for anything bad that happens! even thomas jefferson would be rolling in his grave (although his rolling over the past 230 years probably hasnt stopped yet either!)
More RP, on Bloomberg.
http://www.youtube.com/watch?v=y1qCaII7aHg
"punish those who try to do the right thing". Welcome to America.
How awesome it would have been to have him as president. His message rings clear and true--amazing that so many lies can get in the way of people hearing.
I totally agree!
It was very frustrating to see how the media destroyed his image during the previous election. I was getting so many comments like “you support him? But isn’t he crazy?” from so many people that I just stopped talking about him.
It just goes to show that a politician cannot be successful without the support of the media.
i can only applaud wildly at the comments....
i have been telling my congressman the exact same things since this crisis started....of course i added the extra bonus of abolishing the fed and throwing bush, obama, geithner, bernanke, bair, and paulson in jail.
One of my RP favorites from 2007. I'm sure many of have seen it but in case you haven't.
http://www.youtube.com/watch?v=8pEiLHnjAiw
This is the most clear and concise commentary from Ron Paul ive ever heard.
Awesome.
Long live Ron Paul!
You can believe him now, or you can believe him later. If you believe him now, you'll be prepared! If you are forced to believe him later, well... you'll be worse than sorry!