AV1611 Bible Forum Archive - Money for nothing!!

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Money for nothing!!

Guys,

You'll love this!!!!!!!!!!!!

The song " Money for Nothing " fits it perfect as the song " Free Falling, " and " Money Talks," this is perfect!!!

http://www.youtube.com/watch?v=NU6fu...&feature=email

What can the libs say about this????

I LOVE IT

:D

Atlas

Quote:

Originally Posted by atlas (Post 8560)

What is there to love about any of this? Nobody wins. The implications of this fiasco portends nothing but disaster for America.

Good video.

I doubt McCain has a good grasp on the economy either, but Obama will drive it right into the gutter if given the power.

Quote:

Originally Posted by Debau (Post 8564)

What is there to love about any of this? Nobody wins. The implications of this fiasco portends nothing but disaster for America.

What we need is some swift chastisement. Let the market sort it out. Keep the politicians and the corporate bigwigs out of the same beds and this will hurt but not forever. If we bury our heads in the sand and pretend it's all fixable with yet another loan from our children and their children, we'll never recover.

I don't know a great deal about whats happening over there in the states, but I can tell you the economy over here isn't getting any better either, I know from an unemployed mans perspective. It cannot be long now Saints.
Even so, come LORD Jesus.

Quote:

Originally Posted by Diligent (Post 8566)

What we need is some swift chastisement. Let the market sort it out. Keep the politicians and the corporate bigwigs out of the same beds and this will hurt but not forever. If we bury our heads in the sand and pretend it's all fixable with yet another loan from our children and their children, we'll never recover.

Ecclesiastes 8:11 Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil.

Agreed.

I heard Ron Paul speak today,he was talking about the collapse of the american dollar,nothing new.
The collapse of the global economy could sure bring about the One world government, straight outta Europe, the old roman empire.

Diligent

Quote:

You are 100% correct my friend. This " quick fix " will just delay the way to really fix the problem.

I say this as a financial planner that works in the financial industry. The financial industry has gotten way out of hand over the last 50 years, it's time to let market fix it's self and then pick up and start all over again.

Atlas

Quote:

Originally Posted by Jeremy (Post 8573)

Ron Paul has been telling anyone who would hear this for years, among other things. The church has fallen asleep and our judgment is coming first. She got on board with Hitler in Germany and who know who we will get on board with if enough presser is put on us. Now, the remnant has see this come for awhile and has been putting oil in their vessel, the suddenlys are coming fast.
We have cry out loud and have been called every name you can think of, saying it is nonsense and we are kooky, Ron Paul doesn’t seem so kooky now does he.
Woe unto them that are at ease in Zion, judgment begins in the house of God.
I think I will go have a little Huckabee pie or maybe not.

Scott,

Ayn Rand, Ludwig von Mises, Murray N Rothbard and Milton Friedman and thousands of other have been taking about faith backed dollar, and shell game economy for years and years.

When your money is faith based and printed at will. The savings rate is at an all time low and the people's unsecured debt is at an all time high and the government is full of Marxist/Socialist what else can you expect failure. if we do make it out of, we are just putting it off till later. Unless we really fix the problem.

Atlas

Quote:

Bailout marks Karl Marx's comeback

Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout

By Martin Masse

In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”

If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.

Indeed, analysts at the Heritage and Cato Institute, and commentators in The Wall Street Journal and on this very page, have made declarations in favour of the massive “injection of liquidities” engineered by central banks in recent months, the government takeover of giant financial institutions, as well as the still stalled US$700-billion bailout package. Some of the same voices were calling for similar interventions following the burst of the dot-com bubble in 2001.
“Whatever happened to the modern followers of my free-market opponents?” Marx would likely wonder.

At first glance, anyone who understands economics can see that there is something wrong with this picture. The taxes that will need to be levied to finance this package may keep some firms alive, but they will siphon off capital, kill jobs and make businesses less productive elsewhere. Increasing the money supply is no different. It is an invisible tax that redistributes resources to debtors and those who made unwise investments.

So why throw this sound free-market analysis overboard as soon as there is some downturn in the markets?

The rationale for intervening always seems to centre on the fear of reliving the Great Depression. If we let too many institutions fail because of insolvency, we are being told, there is a risk of a general collapse of financial markets, with the subsequent drying up of credit and the catastrophic effects this would have on all sectors of production. This opinion, shared by Ben Bernanke, Henry Paulson and most of the right-wing political and financial establishments, is based on Milton Friedman’s thesis that the Fed aggravated the Depression by not pumping enough money into the financial system following the market crash of 1929.

It sounds libertarian enough. The misguided policies of the Fed, a government creature, and bad government regulation are held responsible for the crisis. The need to respond to this emergency and keep markets running overrides concerns about taxing and inflating the money supply. This is supposed to contrast with the left-wing Keynesian approach, whose solutions are strangely very similar despite a different view of the causes.

But there is another approach that doesn’t compromise with free-market principles and coherently explains why we constantly get into these bubble situations followed by a crash. It is centered on Marx’s Proposal Number Five: government control of capital.

For decades, Austrian School economists have warned against the dire consequences of having a central banking system based on fiat money, money that is not grounded on any commodity like gold and can easily be manipulated. In addition to its obvious disadvantages (price inflation, debasement of the currency, etc.), easy credit and artificially low interest rates send wrong signals to investors and exacerbate business cycles.

Not only is the central bank constantly creating money out of thin air, but the fractional reserve system allows financial institutions to increase credit many times over. When money creation is sustained, a financial bubble begins to feed on itself, higher prices allowing the owners of inflated titles to spend and borrow more, leading to more credit creation and to even higher prices.

As prices get distorted, malinvestments, or investments that should not have been made under normal market conditions, accumulate. Despite this, financial institutions have an incentive to join this frenzy of irresponsible lending, or else they will lose market shares to competitors. With “liquidities” in overabundance, more and more risky decisions are made to increase yields and leveraging reaches dangerous levels.

During that manic phase, everybody seems to believe that the boom will go on. Only the Austrians warn that it cannot last forever, as Friedrich Hayek and Ludwig von Mises did before the 1929 crash, and as their followers have done for the past several years.

Now, what should be done when that pyramidal scheme starts crashing to the floor, because of a series of cascading failures or concern from the central bank that inflation is getting out of control? It’s obvious that credit will shrink, because everyone will want to get out of risky businesses, to call back loans and to put their money in safe places. Malinvestments have to be liquidated; prices have to come down to realistic levels; and resources stuck in unproductive uses have to be freed and moved to sectors that have real demand. Only then will capital again become available for productive investments.
Friedmanites, who have no conception of malinvestments and never raise any issue with the boom, also cannot understand why it inevitably leads to a crash.
They only see the drying up of credit and blame the Fed for not injecting massive enough amounts of liquidities to prevent it.

But central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided. Injections of liquidities started more than a year ago and have had no effect in preventing the situation from getting worse. Such measures can only delay the market correction and turn what should be a quick recession into a prolonged one.

Friedman — who, contrary to popular perception, was not a foe of monetary inflation, but simply wanted to keep it under better control in normal circumstances — was wrong about the Fed not intervening during the Depression. It tried repeatedly to inflate but credit still went down for various reasons. This is a key difference in interpretation between the Austrian and Chicago schools.

As Friedrich Hayek wrote in 1932, “Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. ... To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about ...”

The confusion of Chicago school economics on monetary issues is so profound as to lead its adherents today to support the largest government grab of private capital in world history. By adding their voices to those on the left, these confused free-marketeers are not helping to “save capitalism”, but contributing to its destruction.

Financial Post

Martin Masse is publisher of the libertarian webzine Le Québécois Libre and a former advisor to Industry minister Maxime Bernier

http://network.nationalpost.com/np/b...-comeback.aspx

Atlas, to bad they where not running for president too. Did you every notice the FDIC sign says when you go the bank, back by the good faith and credit of the United State of America.
We had a chance to have a difference for president, but the Church fell for the shell game in the primary and back the Huckstir.
Good points by the way.
Scott:)

Firgures, I finally get around to watching the video and it's been removed due to copy right infringments.

Quote:

Originally Posted by Grumpy Hillbilly (Post 8647)

Firgures, I finally get around to watching the video and it's been removed due to copy right infringments.

Here you go Grumpbilly,

This will shed some light on a small part the deception. Not as detailed as the video you missed, but enlightening.

http://www.youtube.com/watch?v=hN31-nKndg8

.

Scott,

Quote:

Atlas, to bad they ( Ayn Rand, Ludwig von Mises, Murray N Rothbard and Milton Friedman ) where not running for president too.

:rolleyes:

They all are dead, hard to run when you are dead. Being dead really hurts the campaign.

:D

Atlas

Quote:

Originally Posted by Debau (Post 8649)

Here you go Grumpbilly,

This will shed some light on a small part the deception. Not as detailed as the video you missed, but enlightening.

http://www.youtube.com/watch?v=hN31-nKndg8

.

Lol, but it's the republicans fault we all know it! Even though they were calling for more regulation, can't blame the demoncrats for anything!

I told you guys I was an odd ball when I introduced myself. I totally, whole heartedly believe that this was done by design to draw us nearer the beast system. I don't know if you guys have ever heard of Eric Phelps or not, but he ties all this garbage right back into the vatican and from the evidence he provides I would say that is where it belongs!

I do have a feeling that "we aint seen nothin yet!".

Quote:

Originally Posted by atlas (Post 8650)

Scott,

:rolleyes:

They all are dead, hard to run when you are dead. Being dead really hurts the campaign.

:D

Atlas

Well they still could vote in some states:).

great video link Atlas!

did you check out the Hope is not the strategy series.

I am an idiot when it come to the financial stuff, unlike you and the one who put together the videos. but these surely helped me to understand more about stock stratagies, speculation and the rest.

good stuff for us who are Investment challenged to watch

Hey Grummpy, go back and try it again it is back and you will see who tried to block it and why.

Guys,

Here is the updated video without the music.

http://www.youtube.com/watch?v=1RZVw...d=event_597487

Atlas

Quote:

Originally Posted by atlas (Post 8709)

Guys,

Here is the updated video without the music.

http://www.youtube.com/watch?v=1RZVw...d=event_597487

Atlas

I remember a few years back my wife was wanting to get a loan to buy a house. I would love to buy a house myself, but I just had a feeling it was a bad idea.(No, I didn't go for it) In that time I have become disabled and then this happens with the rates and all of a sudden people are loosing houses left and right.

My wife has two sistesr in SC and one of them is one step ahead of the foreclosures and the other is apparently one step behind, because unless something incredible happens they will lose their house.

I agree that they target the most vulnerable with hopes and dreams and then yank it away once it seems in reach. Disgusting

Hey Grumpy

The situation here in Northern Ireland is a lot similar, The building trade had taken a real nosedive over recent months and people arent buying houses, so no one is building them and many jobs on return have been lost.
Another sign towards no one being able to buy or sell without the mark. Its close brethren...very close.

Hey guys,

go to Our dear Leader thread and check out the links there. it is scary to see Obama's camp using children as hitler did in the 30's

Quote:

Originally Posted by Grumpy Hillbilly (Post 8666)

I think virtually everything we're seeing in Washington is designed with that end in mind.

As for the bailout, I was very pleased to see that one of my Senators, Elizabeth Dole, did vote against it. Good for her. Our junior Senator, a smarmy, greasy little Bush wannabe named Richard Burr, voted for it - - - along with McCain, Obama, and Hillary.

Vendetta Ride,

I am so disappointed Richard Burr. He started out so good and a true conservative. I worked on a few of his campaigns back in the early 90's when he was running in North Carolina's 5th district. He got elected in 1994, he started going down hill in about 98 or 99. It is sad to see him fall so fast. However I will admit he is far better than Erskine Bowles would have been. Burr is pro life and about half conservative. I really miss Jesse Helms, I hated to see him retire and then to die a few mounts back.

Atlas

Quote:

Originally Posted by atlas (Post 8926)

Helms was a man among men. I hated to see him retire, but I expect we'll be seeing him again!

Yes, Burr is better than Bowles. Marijuana is probably better than heroin, but they're both pretty bad.