Quote:
Originally Posted by ikestoys
So it's the super racist tea partiers driving Cain..... lolol
Nahhhh...what's driving Cain are people that don't understand economics...especially the economics that crashed the economy. He worked for the FEd and thinks the federal reserve is just peachy keen, just needs "reformed". You can't reform the ENTIRE CAUSE of the collapse of the economy. When you hold interest rates too low, and print too much money (or too high and print too little) it causes malinvestment and artifical booms (or underinvestment and artifical deflationary gluts). You cannot EVER centrally command and control money supply and interest rates in the economy...it is impossible to know what money supply (M1) is required for the population (as we Census only every 7 years or so), how many assets in collateral that population has, and therefore how much money should be in curculation and how much credit at what rates should be extended.
The only way to manage money supply and interest rates is AT MARKET RATES, i.e. localized authority by individual banks held to STIFF penalties of harm and fraud (counterfeit; must have 100% deposit rules which account also for collateral as deposits to some degree, not fractional banking fraud like we have legalized now). When this was done in our past Depressions were 6 monthes to year and a half long and largely localized to where the fraudalent banks operated. Who talks about, or even remembers, the Depression of 1921? It lasted 6 monthes! They bailed NOTHING out! I have several examples of this, even given our shotty record keeping back then.
Remember, the two worst economic collapses in our history were under the FED (federal reserve); the Great Depression and this Depression/Recession. Our lightest and fastest recession/depressions were under NO FED, and often NO CENTRAL BANK.
In no way can anyone support Cain that understands economics, predicted the collapse, and positioned themselves to profit from it...only those who predicted jacksquat, lost money, and don't understand the problem or how to fix it support Cain...or Obama..or come to think of it Bachmann, Romney, Perry, Santorum, Gingrich, et cetra, et cetera. There are only two candidates running this cycle who get this issue: Ron Paul first and foremost, and Gary Johnson to a lesser degree.
We HAVE TO audit and phase out the FEd over time in order fix this problem. It all starts with electing someone "in the know", an audit, and ending the monopoly on money (allowing currency competition optionally for people as the Constitution dictates; gold and silver were NEVER ammended to not be legal tender, they only added FOOLISHLY paper).
Ok, rant complete...
Last edited by Gankstar; 11-03-2011 at 07:54 AM.