is ron paul reasonable

Discussion in 'Politics' started by hoboleader, Jun 4, 2011.

  1. i like him but im a little nervous about his 100% free market approach.

    isnt de-regulation what caused the economic crisis.
  2. yep..
    government backed banks are not free market.
  3. his position seems to be that we have never actually had a true free-market system, and, that our semi regulated convolutions are the problem. I believe that he is a very wise man. I don't think he has all the answers, no one does, but what he does seem to possess, is the wisdom and spirit and valor to lead out nation like a MOTHER FUCKING BOSS.
  4. glass steagall act repeal?

  5. No.

    Anyone who says that usually brings up Glass–Steagall but doesn't know anymore than that. Meaning, they heard someone say it and just repeat it without researching anything themselves.

    If you really want to know what caused the crisis, look into the history of the Federal Reserve, fractional reserve banking, Bretton Woods, fiat money, Alan Greenspan, Ben Bernanke, etc.
  6. No, it isn't.

  7. Lead the nation... That's laughable.

    What are you, sheep?
  8. are you outside the US? It's just how our political rhetoric is. We have a representative republic, and our president is said to "lead the nation." I believe leading is better than the ruling we have going on right now.
  9. ya i know what fractional reserve banking and fiat money is. and I dont like the federal reserve system either.

    Theres a difference between regulations that choose winners and regulations that prevent corporations and banks from doing messed up shit.

    and i always get this same answer, "its the federal reserves fault" im just looking for some data that proves it, other then inflation. the economic crisis wasnt caused by inflation to my knowledge...

    although hyperinflation is a bad scenario that were leaning towards with the federal reserve system and fiat money.
  10. Regulations is one of the cause of corruption. It also brings unethical action to business because they have no sense of competition which therefore they don't know if they are doing ethical action or not.

    Regulation is bad, very bad.

  11. What Caused The Economic Crisis Of 2008?

    Basically the global market is based on confidence and integrity, and our mortgage lenders lost theirs.

    And had we not bailed out the banks, our entire financial system would've literally seized up.
  12. #12 Limecat, Jun 4, 2011
    Last edited by a moderator: Jun 16, 2011
    The crisis was just another Fed created bubble and failed banking policies (bad banking). Moral Hazard? They (the Fed) literally control our fiscal and monetary policy. They can counterfeit our currency. They can fix prices (interest rates) and give false signals on the health of the economy which promotes malinvestment.

    Regulators failed to identify the growing problems in the US economy - remember we were told that everything was "fine" and "robust".

    Greenspan, 2005 - housing market conditions were "encouraging".
    Bernanke, 2006 - "lending standards are sound".

    Prudential Regulation:
    For every $100 a bank holds in standard loans it has to hold only $10 in capital.
    For every $100 a bank holds in mortgages it has to hold only $5 in capital.
    For every $100 a bank holds in AAA rated mortgage backed securities it has to hold only $2 in capital.

    I wonder what basket everyone put their eggs in with all that cheap credit, and money pumping the Fed gave them at our expense?

    Greenspan, Bernanke, and regulators were complicit. Liars? Perhaps? Did they think that the system would hold together longer than it did? Perhaps... I think they knew the crisis was coming but really didn't care because remember...the Fed is not there for OUR benefit so much as it is there for its member banks' benefit. Just like the Great Depression I am reminded of an old quote:

    Big Wall Street crooks, large corporations with close government ties. Military Industrial Complex? History certainly does repeat itself for sure...

    You have big Wall Street banks and other national and even foreign banks that have a controlling interest in the New York Federal Reserve Bank. That's why there is such a shift of wealth from us minions to the select few with close government ties and Fed connections. The Fed does not exist for "OUR" benefit.

    There was no lack of regulation or deregulation that you can look to for an explanation of the housing bubble crash. There are already 115 agencies regulating the U.S. financial sector.

    Tom Woods is quoted as saying "No one seems willing to consider the possibility that regulation may simply have failed, that regulators may be human beings rather than demigods, etc. They are stuck in an interventionist worldview they cannot break free of. The thought never occurs to them that the very institutions that are supposed to provide stability may be the sources of instability — beginning with the Federal Reserve."

    [ame=]YouTube - Meltdown | Thomas E Woods, Jr.[/ame]

    *CLICK ME* Fed and Bailout info I compiled in one giant post...two lengthy videos and lots of links!

    [ame=]YouTube - Tom Woods on Rollback, CPAC 2011[/ame]

    Worth a look:

    [ame=]YouTube - Money, Banking and the Federal Reserve[/ame]

    [ame=]YouTube - FIAT EMPIRE: Why The Federal Reserve Violates The U.S. Constitution-Full Length[/ame]
  13. I doubt you'll find anyone reasonable enough to end the war overseas, the war on drugs, and the war against big government. Unless you prefer Sarah Palin but she will end the world trust me.

    He's virtually the only person in the running talking about the real issues like fixing our debt while current government continues to take the "throw money at it" approach even more.

  14. “To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.” -Nobel Prize Winning NYT Douchebag Paul Krugman c. 2002

    The repeal of Glass-Steagal did contribute to the housing crisis, but only because the banks knew their losses would be covered by taxpayers. Had we had a free market, and the RISKS that go along with it, the banks wouldn't have acted like buffoons.

    The state also did things like reward banks that met quotas for low-income lending because politicians were trying to make it so that everybody could own a house.
  15. #15 MrThoughtCrime, Jun 4, 2011
    Last edited by a moderator: Jun 4, 2011
    The economic crisis was a typical example of over regulated markets, and a fear campaign put onto the public by banks, congress, and the media. "Too big to fail" does not exist in a free market economy.

    We've never had an unregulated free market economy in our life time. How can you be scared of something which: 1) We haven't tried for 100 years 2) Brought the greatest era of prosperity to our country when it was implemented?

    If you truly want to get rid of the dominated corporate structure we must deregulate. As Nobel Prize winning Economist Milton Friedman said- when you want to break a monopoly, you don't send a bureaucrat to stop it, you send a businessman to break it.

    Free market competition and innovation would drive prices down, create jobs, and spark so much creativity. Its too bad there will always be a fear campaign put in place by corporatist (fascists) and socialist, who either prefer the current structure or just think raising taxes will be the solution to all of our problems. Its too bad both of those options are a pipe dream to nowhere.

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