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"By supporting a “temporary” holiday for employer contributions to the bankrupt Social Security “trusts funds,” Obama has started the unraveling of the financial fraud foisted upon Americans 80 years ago by FDR."Wow.... I guess this is what he thinks SS and Medicare amount to.....Believes in exogenous "money" for sure... this guy is really on a major rant here, looks like he may be losing it....Rsp,
My thought, too, Matt. Who knew that Chris Whalen was Rick Santelli in disguise?These guys want to go back to the gold standard. Well, guess what, that would mean going back to marginal rates of the past, too, kissing 100% at the top. They think that the US could go back to gold and keep taxes low and not have a revolution or a police state. Oh wait, they are fine with a police state that watches everyone and controls every move.
Sounds like he is traveling in Europe this summer if I read this correctly, perhaps he was coming from "happy hour" when he wrote this.... never know...He's had a bit of a "run in" with Mike in the past when Mike has challenged him on the "solvency" issue....rsp,
Chris Whalen is an obese, arrogant, pompous, blowhard. When I had him on as a guest on my radio show a few years back, he said he was going to do "a Mexican hat dance on my head." That's because I asked him to explain his inexplicable claims about how U.S. debt would lead to a huge spike in interest rates. This was back in 2008 folks, when the 10yr was yielding something like 5.0%.Hey Chris, if you are reading this I am still waiting for you to do that Mexican hat dance on my head. Anytime, Chris, because I am looking to kick your fat ass seven ways till Sunday.This guy is a monumental jerk, pure and simple.
Tom Hickey:These guys want to go back to the gold standard. Well, guess what, that would mean going back to marginal rates of the past, too, kissing 100% at the top.A gold standard does not make any presuppositions concerning tax rates.They think that the US could go back to gold and keep taxes low and not have a revolution or a police state.A gold standard does not imply high taxes, revolution or a police state.Oh wait, they are fine with a police state that watches everyone and controls every move.That's what the international bankers want. Google "Nick Rockefeller RFID" When Aaron Russo refused to join the CFR under his tutelage, Rockefeller coldy questioned him on why he cared about the "serfs."
Tom,wrt the gold issue, this is looking darker and darker all the time to me.... these people are really caught up in some bad stuff with these "precious metals" imo... seems like they have lost all confidence in the humans ability to self govern and want to give it up to gold. Hard to diagnose but seems like they all have to be psychologically depressed at some core level or something. Suffering some sort of depression..... sad.rsp
Mike Norman:You sound mad. You also called Whalen a "jerk", and yet you're insulting him for his weight. That's kind of a jerky thing to say, no? I'll say one thing Whalen has gotten catastrophically wrong though: The notion that the Fed was originally intended to "help the real economy after Wall Street periodically destroys itself", after which it was allegedly "usurped by corrupt banking interests." No Whalen, the Fed was intended to benefit the bankers and the Treasury from day one. Usurpation was implied in its very creation.
Here's a beauty:"Start to reduce the size and scope of government, both at the state and federal level, and the Goldman banksters will have to find a new game to play. "So what is his point that we have to get rid of SS and Medicare, hence destroy the US economy, in order to get the IBs under control??? Whaaaaaat???He's lost it.But perhaps I shouldnt be surprised. This is the vision of a chaos type of "freedom loving" anarcho capitalism that these right Libertarians seem to be in love with.They dont think we can run a Treasury/central bank so we have to turn it over to gold... similar they dont think we can regulate the banks so we have to destroy the current economy so the banks dont have an economy to run roughshod over.This is a policy framework that only a moron would advocate for. Primitive chaos. Not in the true western tradition of institutions and authority of civil government.At the core of this I still say is a basic inability of these people to TRULY understand (in mathematical terms) how our economic system running over a FFNC state currency really functions.They dont get it.Hence you hear "funny money", "bankrupt", etc... Gold proposals. Trash the economy so the banks cant run fraud schemes, etc... these people are off their rockers stupid.rsp,
Major_Freedom:Yes, I'm a jerk. How's that? You happy now?
I'm a jerk too, I just don't go around calling others a jerk as if it's a knock on them, as if I am presenting myself as better than they are, or smarter than they are. You know, the whole kettle and pot thing.
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