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Random thoughts and interesting tidbits. . .
. . .focused on current economical and political events.
"But rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law,' because law is often but the tyrant's will, and always so when it violates the right of an individual."
Thomas Jefferson
The Colonies
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2009
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January
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- Ron Paul On The Fed
- Quote - Xu Kuangdi
- Quote - Abraham Lincoln
- Working Together
- Dan Mitchell On Obama's Stimulus
- Stephen Halbrook on the 2nd Amendment
- Ron Paul on Morning Joe
- Canadian Revenue Agency Propaganda
- Truth to Power
- Credit Given Where Credit Due
- Will You Still Be Pro-Obama in 4 years?
- A Day On The Ice
- So Right.
- More Change
- Ron Paul On The House Floor, Again
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- Ron Paul On The House Floor
- Audio of "Economic Depressions - The Cause and The...
- The Irrational Religious Fanatic: No matter which ...
- "Economic Depressions: Their Cause and Cure"
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- Today We Get CHANGE!
- Southern Avenger On The Young Americans For Liberty
- Celebrities Love Obama, So?
- Flo White's Money Bomb
- Max Keiser On Gaza and the Financial Holocaust
- Dr. Paul's Walls And Currency Depreciation
- The Hero Of Flight 1549
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- The US Federal Supreme Court Continues To Write Law
- Israelis Fire On Palestinians Holding White Flags
- Apparently Perspective Matters
- The Transparency Of The Federal Reserve
- Liberty Alive In Britain
- Yoachim of Fiora
- Ron Paul: How We Got Into This Mess
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- Dennis Kucinich: Half Of Gazans Are 13 Or Younger
- Murray Rothbard : The Gold Standard Before the Civ...
- The Gore Effect
- Olmert Says Jump, Bush Says How High?
- Marc Faber's 2009 Outlook
- Bill Casey To Step Down
- Schiff For Senate 2010
- Day 17 In Palestine
- BuffaloBeast.com On Obama
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- Footage of Israeli Soldiers
- Conservative Columnist In Favor Of Slavery
- Disturbing Quotes
- Obama Fails On Torture
- An Excellent Piece On H.Res.34
- The Onion On The Money Hole
- The Bank Of England Pushes For Secrecy
- Arrested For Holding A Plant
- Globe Heading For Ice Age?
- Canadian Eric Sprott On Gold and Silver
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- Kucinich: No More Federal Reserve
- Scary Stuff
- Hank Paulson Versus Peter Schiff
- The Disgraceful Canadian Government On The Massacr...
- Bill Moyers On Israel and the Anonymity Of Victims
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- Israel Committing War Crimes
- Not To Over-do The Pessimism. . .
- The Inevitable Collapse Of The US Dollar
- Cool Short Animation
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- Clearest Video Of Oscar Grant Shooting Yet
- Gold Lives
- Democratic Congressman Mitchell Works To Block Con...
- Congressman Paul Opposes Pro-Israel Legislation
- Unemployment Up In The US
- National Bankruptcy Day
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- More Schiff
- Russian TV Interviews Peter Schiff
- Obama and His BlackBerry
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- New Year Retail Closings Begin
- Print More Money!
- Israeli Colonization Of Palestine
- US Businesses Face Pension Shortfall
- PRI Release's "The Sizzle Of Economic Freedom"
- A Couple Of Funny Comics
- Douglas Coupland On The Current Economic Hysteria
- Ron Paul On Israel's Invasion of Gaza
- Police Shoot and Kill Helpless Civilian
- Kissinger Thinks Obama Should Create "New World Or...
- Ron Paul On Market Intervention and the SEC
- Our New Camera
- RNC Leadership Debate On Ron Paul
- A Norwegian Doctor in Gaza
- Toyota Suspending Production
- Gerald Celente on "The Lew Rockwell Show"
- Read "The Left, The Right, and The State"
- Everybody Loves Chrysler
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January
(100)
7 comments:
No, Ron Paul, it was not caused by "bad debt". It was caused by loans that BECAME bad debt, because 4 million lost their jobs and millions have had their salaries and wages reduced. THAT'S WHY. Ron Paul, stop being immoral. Stop lying.
He's not talking about where the bad debt came from, he's just saying liquidating it impossible to avoid without doing more harm.
He's blaming the banks and their lending practices, when it was clearly an economic change in the number of high paying jobs that caused the problem. If the deregulation was the problem in the first place, the loans would have failed right from the beginning, bacck in the 90s. But they didn't. Why?
The Nasdaq crashed in the 90s. This was a bubble that was inflated by the Fed.
It got out of hand with mortgages, and it takes time for long-term loans to default.
Can you really see no relationship between the lax credit and the financial mess?
"Can you really see no relationship between the lax credit and the financial mess?"
They are only "lax" after the fact. After the failures already happened. Therefore, are you really going to blame it all on the FED without looking at why the loans were defaulted on in the first place?
There`s noone out there saying that these loans were defaulted on because 5 years ago the individual that took it had a job and now doesn`t. The loans were made to people who didn`t have jobs in the first place, or didn`t make much more money.
"There`s noone out there saying that these loans were defaulted on because 5 years ago the individual that took it had a job and now doesn`t. The loans were made to people who didn`t have jobs in the first place, or didn`t make much more money."
That's garbage, Josh. The reality is that NO ONE is look at the reasons why so many people defaulted. THAT'S A FACT>
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