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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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 Posted: Sat Jul 10, 2010 4:18 am Post subject: |
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Houg wrote:
| Quote: | The problem with all of this is that austerity breeds depressions,
while growth just increases overall debt. |
ummm....really? how is that? |
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sat Jul 10, 2010 4:19 am Post subject: |
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Fintan wrote:
| Quote: | the old coalitions
of the NWO are now paddling their own canoes and
no longer interested or capable of collective intent: |
Always hopeful news! |
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Peter
Joined: 26 Jun 2007
Posts: 1510
Location: The Canadian shield
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| Posted: Sat Jul 10, 2010 4:25 am Post subject: And now a word from our sponsors? |
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NWO: "Rumors of of our death have been highly exaggerated. We are here on your behalf and continue to rely on the avarice, cupidity and oblivious nature of humanity to ensure that our means and ends will continue to be promoted and enhanced."
_________________
The grand design, reflected in the face of Chaos. |
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sat Jul 10, 2010 4:37 am Post subject: |
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I detect more subtle NWO propoganda and less useful information in the max keiser interview.
e.g., anyone who cites/defends CNN ( which stands for "Crap No News") and anderson cooper is suspect from the get-go.
Sorry, but all MSM has long since lost any credibility with me. |
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Tony Ryals
Joined: 10 Jun 2010
Posts: 63
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| Posted: Sat Jul 10, 2010 1:08 pm Post subject: |
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Max Keiser should be in a jail cell making love to James Dale Davidson and the Emir of Kuwait or his buddy Cantor Fitzgerald of WTC,9/11 infamy .....
Cantor Fitzgerald abandoning box-office futures despite regulatory ...28 Jun 2010 ... The other question is: Did Max Keiser speaking out about his ... -conflict-of-interest-in-Hollywood-Stock-Exchange-Cantor-Exchange ... Disney may really have sold Miramax! ESPN-LeBron backlash | July 9, 2010, 7:36 am » ...
latimesblogs.latimes.com/.../cantor-fitzgerald-abandoning-box-office-futures-despite-regulatory-approval.html
......................................
Allegations about Cantor Fitzgerald, the Hollywood Stock Exchange ...9 Apr 2010 ... Last week, I carried a report that Cantor Fitzgerald, the firm that ... When queried by lawyers, Cantor claims they lost all the paper work in the 9/11 attacks (they ... at the time) that was immediately sold to 'wash' the sale. ... Fitzgerald, the Hollywood Stock Exchange and the Cantor Exchange” ...
www.midasoracle.org/.../cantor-fitzgerald-hollywood-stock-exchange-cantor-exchange/
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http://www.indymedia.org.uk/en/2007/06/373856.html
Max Keiser ,Al Jazeera,Qatar promote Naked U.S. Penny Stock Fraud
Tony Ryals | 17.06.2007 03:47
Does Max Keiser and Al Jazeera in Arabic have a translation for 'naked shorting' or 'naked short selling' (a term used only by and for a U.S. penny stock scam) in Arabic !? What is it ? ! Does 'naked shorting' explain the collapse of Middle East markets of Dubai,Saudi Arabia and Kuwait,etc.,a while back ? I don't think so,unless Max Kleiser would like to make a case for that as well......
Max Keiser ,Al Jazeera promote Naked U.S. Penny Stock Fraud
And James Dale Davidson's 'naked shorting' fraud
Max Keiser,ex Wall Street insider,has not changed his stripes.Keiser did not short or encourage others to short sell Coca-Cola while bashing and criticizing its
business in public and by media for 'environmental' reasons.He did it because once a Wall Street and international stock manipulator,always aWall Street and international stock manipulator.
Max and his Qatar Al Jazeera now want us to believe a 'big evil' called naked short selling' or 'naked shorting', that seems only to only haunt U.S. penny stocks and NASDAQ scams including Rudi Giuliani's corrupt ex NYPD Chief,Bernie Kerrick's Taser stun gun shares or Saudi and Iran-Conta arms dealer Adnan Kashoggi's GenesisIntermedia pump and dump scam that came unglued around September 9,2001 or 9/11 or the Overstock.com pump and dump of Patrick Byrne and his Geico insurance billionaire dad,Jack,or all the result of unsubstantiated and unproven 'naked shorting' or 'digital' or internet share counterfeitting by unknown parties over the internet ! |
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sat Jul 10, 2010 1:17 pm Post subject: |
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a long time ago I dated a jewish girl named Rona who worked for Cantor Fitzgerald in Beverly Hills.
She was.....strange. |
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atm
Joined: 16 Apr 2006
Posts: 2750
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| Posted: Sat Jul 10, 2010 7:49 pm Post subject: Mirror, Mirror on the Wall, When is the Next AIG to Fall? |
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Mirror, Mirror on the Wall, When is the Next AIG to Fall?
http://mises.org/media/5005
_________________
"The only thing that interferes with my learning is my education".
Albert Einstein
Last edited by atm on Sat Jul 10, 2010 8:09 pm; edited 1 time in total |
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howg
Joined: 24 Mar 2006
Posts: 45
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| Posted: Sat Jul 10, 2010 8:05 pm Post subject: |
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| MichaelC wrote: | Houg wrote:
| Quote: | The problem with all of this is that austerity breeds depressions,
while growth just increases overall debt. |
ummm....really? how is that? |
Hi MichaelC,
Austerity breeds depressions because it chokes / shrinks the economy.
Government spending in many "developed" countries now exceeds 50% of the economy.
I'm not commenting on how we got here, nor how governments allocate spending.
I'm only stating that this is, in fact, our current situation.
So... taking the example cited, if the unemployed were to not have cell phones,
cell phone manufacturers would suffer and lay off more, and their
laid-off workers would / could not buy anything either... and so on.
If they were to eat at home, perhaps grow their own food,
and generally speaking, not buy anything they did not need and could not afford...
well, if you multiply that by multi-millions, and apply it to government too,
it would have a colossal negative impact on the economy, creating a depressionary spiral.
Again, many argue this would be a good thing...
a much needed correction, (which is kinda true in a debt-based economy).
But good or bad, that's what would surely happen.
Ironically, many of the experts advocating such would also be out of a job,
as fewer & fewer would buy their publications, or buy the products
advertised on their web pages, (because they could not afford them,
or could no longer afford internet service for that matter).
This does not necessarily translate into deflation either.
If an ISP loses half its subscribers, or Nokia loses half its business,
they could actually be forced to raise prices or go out of business themselves.
Growth increases overall debt because all economic growth is capitalised with debt-money.
And this is why the the main point I was trying to make is that there
is no solution to our (economic) problems under the current system.
H |
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atm
Joined: 16 Apr 2006
Posts: 2750
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| Posted: Sat Jul 10, 2010 8:14 pm Post subject: |
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Wow, howg
you watched that Von Mises video pretty quickly!
Yeah, this one:
http://mises.org/media/5005
atm 
_________________
"The only thing that interferes with my learning is my education".
Albert Einstein |
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howg
Joined: 24 Mar 2006
Posts: 45
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| Posted: Sat Jul 10, 2010 8:45 pm Post subject: |
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| atm wrote: | Wow, howg
you watched that Von Mises video pretty quickly!
Yeah, this one:
http://mises.org/media/5005
atm |
Mises... never touch the stuff!
(I'm downloading the vid now...
apparently, I haven't had quite enuf aggravation yet today, but it's still early!)
H  |
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howg
Joined: 24 Mar 2006
Posts: 45
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| Posted: Sat Jul 10, 2010 10:26 pm Post subject: |
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| atm wrote: | Wow, howg
you watched that Von Mises video pretty quickly!
Yeah, this one:
http://mises.org/media/5005
atm |
ATM... I made it as far as the 10th reference to "credit" growth and had to stop...
I really don't need this on a Sunday morning!
The truly scary thing is that so many actually believe this sh*t.
So we are left with a bunch of Austrians arguing with a bunch of Keynesians...
Yikes! What a world!!
I do believe our only alternative is... 
H |
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sun Jul 11, 2010 3:54 am Post subject: |
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| Quote: | | Austerity breeds depressions |
How do you define austerity, exactly?
If austerity in government breeds depressions then I would REALLY like to have that explained to me. |
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howg
Joined: 24 Mar 2006
Posts: 45
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| Posted: Sun Jul 11, 2010 5:51 am Post subject: |
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| MichaelC wrote: | | Quote: | | Austerity breeds depressions |
How do you define austerity, exactly?
If austerity in government breeds depressions then I would REALLY like to have that explained to me. |
Hi Michael,
If any country were to shrink its economy by 10 - 20 - 30% thru government austerity,
what do you think would happen? I am very open to other opinions!!
I did qualify my remarks in that I do not necessarily believe that public spending,
representing over 50% of GDP, was a good thing.
I'm only saying it's a fact of life.
In fact, any austerity by anybody - public, private, corporate, you & I,
has exactly the same effect, (but to be honest, what I spend does not much effect anybody's GDP whatsoever!).
In our crazy system, the moment we stop spending, we crash (largely because all money is debt).
The economic equivalent of "Chasing the dragon".
Perhaps if you could explain what you do not understand here,
I could get into with more detail.
Surely the shrinking of an economy would have serious consequences
and throw millions out of work, (productive or otherwise).
Then they stop spending, throwing further millions out of work,
until we hit some sort of bottom and start a new cycle of debt > bankruptcy.
Good for about 30 years or so before it implodes yet again.
What is it that you do not understand here?
Or... what is it that you think I am missing?
H |
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gt
Joined: 19 Oct 2009
Posts: 12
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| Posted: Sun Jul 11, 2010 12:23 pm Post subject: govt spending |
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this brings to mind something Milton Friedman once said (not that I agree with everything he says):
"There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost. Then, I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch! Finally, I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get. And that’s government. And that’s close to 40% of our national income."
kinda like paying to dig a ditch and then paying someone else to fill it back up again. now that's progress!
| howg wrote: | | MichaelC wrote: | | Quote: | | Austerity breeds depressions |
How do you define austerity, exactly?
If austerity in government breeds depressions then I would REALLY like to have that explained to me. |
Hi Michael,
If any country were to shrink its economy by 10 - 20 - 30% thru government austerity,
what do you think would happen? I am very open to other opinions!!
I did qualify my remarks in that I do not necessarily believe that public spending,
representing over 50% of GDP, was a good thing.
I'm only saying it's a fact of life.
In fact, any austerity by anybody - public, private, corporate, you & I,
has exactly the same effect, (but to be honest, what I spend does not much effect anybody's GDP whatsoever!).
In our crazy system, the moment we stop spending, we crash (largely because all money is debt).
The economic equivalent of "Chasing the dragon".
Perhaps if you could explain what you do not understand here,
I could get into with more detail.
Surely the shrinking of an economy would have serious consequences
and throw millions out of work, (productive or otherwise).
Then they stop spending, throwing further millions out of work,
until we hit some sort of bottom and start a new cycle of debt > bankruptcy.
Good for about 30 years or so before it implodes yet again.
What is it that you do not understand here?
Or... what is it that you think I am missing?
H |
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MichaelC
Joined: 06 Jul 2006
Posts: 1855
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| Posted: Sun Jul 11, 2010 1:17 pm Post subject: |
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Since we are getting into this area, let's start with the fact that the LEGITIMATE costs - i.e. authorized by the Constitution - of the USA federal government are, I would estimate, about 10% or less of the actual costs.
The other 90% is criminal extortion of the populace through taxes and inflation to finance socialism, wars, and the drug and the banking cartels (not necessarily in that order). |
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