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great podcast
http://www.lewrockwell.com/podcast/?p=episode&name=2008-12-23_089_there_is_hope.mp3
Join the fight http://www.campaignforliberty.com/index.php
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http://www.lewrockwell.com/podcast/?p=episode&name=2008-12-23_089_there_is_hope.mp3
Join the fight http://www.campaignforliberty.com/index.php
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love how these tool "journalists" throw out "nobel winning blah blah" as though they must be an expert.
love Ron Paul...closes thing to Goldwater we've seen in 3 decades. Unfortunately, not a fluid public speaker and gets a bit emotional during discussions. Wish there were more like him but, sadly, there are not.
love Ron Paul...closes thing to Goldwater we've seen in 3 decades. Unfortunately, not a fluid public speaker and gets a bit emotional during discussions. Wish there were more like him but, sadly, there are not.
I get more amazed everyday, loved this headline on Drudge
WE'LL SPEND OUR WAY OUT OF THIS
hno:
Maybe no one saw this one
China may balk at buying more US debt...
Peter Schiff
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WE'LL SPEND OUR WAY OUT OF THIS
hno:Maybe no one saw this one
China may balk at buying more US debt...
Peter Schiff
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The Center for Freedom and Prosperity Foundation recently released a video with Cato's Daniel Mitchell explaining the failed logic behind Keynesian economics. It's a great watch, since Keynesian theory is the driving force behind President-Elect Barack Obama's latest stimulus plans:
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great video of it. very smart man. STOP paying Israel and other countries to do nothing but hate us!!!!!!!!!!!!!!
We are destined to follow the path of Russia as he mentioned as our overseas spending will bankrupt the country. The same thing happened to the British Empire. They became overextended with World War II and had to give up their colonies.
I agree totally Quantum. The same again with Keynesianism, our leaders just dont learn from history. hell, most of our leaders could only take history and political science in college anyhow, yet fail to even learn that...
America is letting 911 and Bin Laden win by overextending us and making us spend trillions on a war that will never end and has no winner..... dont let your babies grow up to be soldiers is what i would sing my kids...
All this spending talk and i have not yet heard obama talk about NAFTA, CAFTA, or the vast outsourcing of jobs....
Funny, the other day i almost made and india guy cry when he was telemarketing me something. Told him that he was stealing american jobs..... :drink:
I forget the tech company exactly, but one offers American based customer support for their product, but with a fee of like 29.95... while the india support is free to customers.
:lol:
by the way that video is spot on notice how they said "we should quickly note that government could fund stimulus by printing money instead of borrowing thankfully that option doesn't seem to be on the table"
that's why we are deflating like in the 30s
that's why we are deflating like in the 30s
ope:
and they blind all the "kooks" with the hyperinflationary nonsense :grandmais
that Cato video is so great.....
:lolBIG:
We are going to have hyperinflation before we have deflation, hence Bernankes Helicopter Ben moniker. Are you seriously drinking this kool aid still? Avoiding deflation is easy. How do you cure deflation? Just keep printing more money. How much can you print? Its fiat, of course.... you can print to infinity, thus the more cash or liquidity will naturally erase any possibility of deflation. Then they hyperinflation begins. For being such a sharp cat you have trouble seeing this. Just wait for all this money to start working its way into the system. All these bailouts, the lower interest rates.... once people start getting back o business as usual, we will start to see big jumps in inflation numbers, and im not talking about those phony numbers in the crooked CPI. Hyperinflation is the end game. Its like using radiation to kill cancer. You can pump a shit load of radiation into someone to kill off the cancer but in the meantime your killing the person and after you have killed off cancer, now you have radiation to deal with. Im not sure if this analogy is medically right, but it sounds good for the moment. Any docs feel free to correct me.
:nohead:
When did i disagree with the video? Im just pointing out the reality. Deflation is easy to erase when you throw tons of fiat at it, because it will force expansion. What that video didnt address and to my point is that hyperinflation right or wrong is the eventual outcome. Im not in any way agreeing with hyperinflation, i never have....i must clearly stating this is the solution, and there is nothing you and i can do to change the powers that be. We will have a massive ramp up in inflation with all this spending and stimulus bullshit. Its just a matter of time.
