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the issue at hand was one evident from the proverbial door. Economically, our country has been skating on thin ice, for decades. even one posessing the smallest knowledge of economics sees that we were marched towards a cliff(again). I agree with all you've said, and to twist the knife on your last sentence......"Isn't amazing that our "elected" officials DON'T care to see it?"
Originally posted by ProfEmeritus
I've starred all of your posts, because it is obvious that all of you understand what is happening. Isn't it amazing that our "elected" officials can't see it?
Originally posted by ProfEmeritus
reply to post by mrpotatohead
A few days ago, the Obama administration said that they saved 600,000 jobs. Today, they upped that figure to 1 million. Why not? They can't prove that they saved ONE JOB, so why not just keep upping the number. Nobody believes them anyway. Even an NBC interviewer expressed extreme doubt when told that Obama saved those jobs.
Never mind that it was declared as a response to H1N1, which is a false flag threat.
I have been putting some extra money into coffee, canned foods, and cigarettes, sugar and flour and rice.
Anyone, and I mean ANYONE who didn't sleep through Economics 101 would KNOW better!
Of mergers and acquisitions each costing $1 million or more, there were just 10 in 1970; in 1980, there were 94; in 1986, there were 346. A third of such deals in the 1980's were hostile. The 1980's also saw a wave of giant leveraged buyouts. Mergers, acquisitions and L.B.O.'s, which had accounted for less than 5 percent of the profits of Wall Street brokerage houses in 1978, ballooned into an estimated 50 percent of profits by 1988...
THROUGH ALL THIS, THE HISTORIC RELATIONSHIP between product and paper has been turned upside down. Investment bankers no longer think of themselves as working for the corporations with which they do business. These days, corporations seem to exist for the investment bankers....
In fact, investment banks are replacing the publicly held industrial corporations as the largest and most powerful economic institutions in America....
THERE ARE SIGNS THAT A VICIOUS spiral has begun, as each corporate player seeks to improve its standard of living at the expense of another's. Corporate raiders transfer to themselves, and other shareholders, part of the income of employees by forcing the latter to agree to lower wages. January 29, 1989 www.nytimes.com... New York Times
The American public has been screwed and the politicians held a gun to our heads and allowed the bankers to ream us good. 100% of our taxes now go straight to the bankers to pay the interest on the loan of money, created out of nothing by the Federal Reserves counterfeiting checkbook. The US treasury could have printed that same money with no interest but the politicians gave up those rights to the bankers in 1913 so now we are serfs of the bankers.
I have an economic minor... and let me tell you, I argued for a long time in most of my courses with my teacher, who loved Keynes so much...
These fellows were not stupid. You have to give them credit. They didn't get to be where they were by being country bumpkins. They understood politics, they understood mass psychology and they played their cards exceedingly well. Meanwhile these same individuals out of their own pockets were paying the price for the costs of bringing up what they called grassroots study clubs all over the country. They sponsored these clubs and they held public meetings and printed brochures and pamphlets extolling the virtues of the Federal Reserve System. They gave large amounts of money to some of the better known universities in America; they created newly formed departments of economics with that money; they hand picked their own people to be the professors to head up those departments and then those professors with all of their academic credentials gave speeches and wrote scholarly essays extolling the virtues of the Federal Reserve System. And then at the insistence of Paul Warburg who was forever the master strategist, they added several very sound provisions to the Federal Reserve Bill. By that I mean they added some provisions which seriously restricted the ability of the Federal Reserve to create money out of nothing. Warburg's associates said, "Paul, what are you doing? We don't want those in there this is our bill." And his response was this, he said, "Relax fellas, don't you get it? Our object is to get the bill passed. We can fix it up later." Those were his exact words. "We can fix it up later." He was so right. It was because of those provisions that they won over the support of William Jennings Bryan the head of the Populist Movement, the last hold-out against the bill. Bryan was concerned that this would be an instrument for ruining the nation's money supply but when he saw those provisions he said, "Oh well, those are good provisions, I guess I can support the bill now" never dreaming that this was temporary. Everything is temporary in politics. When people go to sleep things can get changed. A Talk by G. Edward Griffin Author of The Creature from Jekyll Island