The best line:
“Raising personal incomes and strengthening the social safety net to address the reasons why Chinese feel compelled to save so much would provide a powerful boost to Chinese domestic demand and global growth.”
Of course, why should the Chinese citizens feel compelled to save their own money and be self-sufficient? Why bother saving money when you can consume it and trust your government to take care of you?
Takeaway: Governments of all stripes love their citizens to believe in collectivism and be at their mercy. Don’t fall for it. People came to this country for opportunity, not safety nets.
Beautiful. Minutes 3 – 4 are the best.
Anytime you feel sympathy and/or hope for Obama, just remember he appointed this dirtbag and re-appointed Bernanke.
Amazing how Mr. Hope and Change is opposed to auditing the Fed and fully supports those who fed us a massive spoonful of corporate welfare.
Takeaway: Governments are power structures which are abused/manipulated. Giving up power/money to the government to fix our economy, environment, schools or anything is a mistake. Audit the Fed.
|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
Two “answers” which speak volumes of our leaders:
- At 1:12, Jon Stewart asks “Are we broke?”, Goolsbee replies “No”.
Bizarre. It seems that a country running trillion dollar deficits and unable to function without borrowing money could be classified as “broke”, but not to our leaders.
- At 4:20, Goolsbee says: “When you’re looking in the face of the next Great Depression that’s not the time to tighten the belt”
Indeed, when has there *ever* been a time when either party thought it would be a good idea to tighten the belt and stop borrowing? Heaven forbid we curtail spending on military/”the children”/retirees/politically connected segments of the population.
Takeaway: Leaders will do what it takes (lie, obfuscate, deceive) to accrue political capital. It is not in their interest to be honest with us, especially when our borrowing/spending based economy relies on confidence that “everything will be ok”. A system heading over a cliff due to instability cannot be solved with more of the same pathetic ideas (reliance on debt, policy tweaks) that got us here.
We could not have allowed the big banks to fail since they are vital to the powerful, monied interests that control elections, special interest groups and media that enrich the status quo serve the needs of the common citizen
The most successful heists are the ones that occur every day that we are not even aware of. The Federal Reserve, the quasi-governmental agency run by ex-bankers, that controls the money supply, interest rates and manages the economy is an agency very few are familiar with.
Given the trillions of taxpayer dollars on the hook and the delicate state our economy is in, H.R. 1207 aims to audit the ongoing Federal Reserve activities.
For years, the author of this bill, Ron Paul, has spoken up and drawn attention to the importance of sound money (money with tangible value, like gold and silver) and an economy which is not micromanaged by ex-bankers or manipulated in a secretive fashion. Paul has always been a political outsider and it is good to finally see his attempts to uncover the truth finally gain some momentum.
Since politicians, like all of us, are self-interested, we need to exert our influence and let them know we expect this bill to pass.
Since this bill would expose a great deal of financial/governmental/corporate connections, it would not surprise me if there is another financial panic/disaster and this bill is pushed aside to give even more power to the Fed and Executive Branch.
The above video speaks volumes about the shape of our economy and the level of dishonesty that is fraught in our financial and economic system.
Takeaway: As a man, it is imperative to be ever-inquisitive, curious and non-complacent. Reading and questioning your beliefs can help you generate an Accurate Model of Reality and prepare better for your future. Think for yourself and stand up for what you believe in, even if you stand alone.
hat tip: Zero Hedge