1 by 1 we're getting stripped of freedom!

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Old Mar 30, 2009 | 11:58 AM
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Originally Posted by SomethingClassy
I think you're ignoring the good that the Federal Reserve has done in regulating the economy. Dissolving the Federal Reserve and using a Gold Standard would eliminate any ability to mitigate a recession. We're talking about a sail boat with fixed sails and no rudder. This would be a car with no driver. The economy would be at the complete mercy of the market.

A return to the Gold Standard is difficult to swing. No country in the world uses it anymore. The "standard" has been the US dollar for some time now. Even if a there was a large push to use the Gold Standard there isn't enough gold in the world to equal the number of currency floating about in the US alone. Using the Gold Standard would signifigantly reduce the value of gold relative to the dollar.



This statement if very presumptuous. It undermines the values of groups of people. It assumes that everyone places the value of fiscal regulation of tax dollars above federal regulation of what an individual person can do to their body. I don't want to get into marijuana advocacy but alcohol related injury and death out weight marijuana related injury and death. I'll try and dig up a citation later.

In terms of government spending:
http://www.heritage.org/Research/Tax...umbers2008.pdf
http://www.gpoaccess.gov/usbudget/
http://www.whitehouse.gov/omb/budget...arytables.html
I believe more specific information is actually available through your Congress person, Senator, and/or Library of Congress.


Does this mean Ron Paul is a Hippy?

I hate to expand on a tangent but I've never seen an original poster derail their own thread. It was interesting enough to provoke a response. It's also interesting that every thread made by the original poster seems to come back to the same points. I smell a trend.
I don't understand how you think, it's very simple to understand how I think... The Federal government cradling the market, not allowing a recession right now will cause a bigger problem later. It is that simple. If you believe in capitalism, then you must allow the companies who screwed up take a fall. If you keep protecting them from failing then you are not for capitalism. That's the very essence of capitalism. The bad companies fall, the good companies who are still remaining will take over. Obviously if they can withstand the economy, then I would trust them even more with my money. Why would I trust a BofA or AIG or any company that would have been bankrupt without the government AID?
You talk like the Federal government is our savior, when in fact it's obvious that they are going to destroy the dollar by printing more money, they're BORROWING money from other countries and with our strategy of "stimulation" we won't be able to pay it back. We're in huge debt, and to think we can borrow more money, make more debt and consume our way out of it just doesn't add up.

Now if the money we borrowed was to INVEST or to create capital, then I'd understand, but the fact that they're tryin to get people to SPEND to fix us doesn't make any sense whatsoever. We have already done too much borrowing and too much spending. Why would borrowing more and SPENDING more fix it? What I see is the Federal government "bailing" out bad companies and in part taking ownership or own parts of the company and creating a foothold in every big company. Might be a good idea? No.. a RECESSION is a good thing. It is the capitalistic way of getting rid of all the bad companies, so the better and more trustworthy companies (who have bankrupt makes them trustworthy enough) we can trust with our money.

The fed is stepping in the way of natural consumption that is the basis of capitalism. We should be embracing a recession, that's when people start to save and build capital instead of fearing it and just spending ourselves into more debt.

The idea of all these government taps moving to capture information on the internet is because many peoples are beginning to 2nd guess what the government is doing instead of just being sheep and herded around by them.

Obama was right. Wall street was drunk... but so was main street. IT's like giving candy to a baby, the baby will always take the bait. But who is giving the candy, the parent. And who got wall street and main street drunk? The Federal Reserve with low interest rates and allowing so many people to borrow (when in fact they should have allowed only the good companies to borrow with a higher interest rate that leads to a lot more safe risks)

On a side note. Obama was on a team around 10 years ago with lawyers that sued Fannie and Freddie, and that other mortgage loan company because not enough minorities "meaning blacks at the moment" did not own houses and it's racism. They won, in essense, fannie and freddie took their documents of subprime mortgages, did some rework with it, and in the end came out with about 2/3rds of subprime mortgages to be triple AAA approved for houses. So woopidy do, you get more mortgages lent out and being sold to people who couldn't afford them from the get go because of the lawsuit. Then of course the market flips and now subprime is another addition to why there is a crisis with the housing market. As we all know, Fannie and Freddie get bailed out afterwards. =) All these things that are going on aren't independent, they're all linked to something and we as the American people who are struggling need our answers. The government is doing everything possible with new laws to go around amendments to restrict us from fighting back.
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