Noam Chomsky on "The Federal Reserve" (video)

[whippoorwill]

http://www.youtube.com/watch?v=OBQU8aaW90o

http://www.youtube.com/watch?v=OBQU8aaW90o
^Socialists don't understand math or economics^.

[HOLLYWOOD]

Chomsky, "If you eliminate Capitalism, you know, then okay, there are other options." Big applause from the crowd. "We have a State Capitalist Economy, maybe in the longterm, it can be worn away way... If fact, if it wasn't for the Federal Reserve's ability to print money, we'd be in a Deep Depression right now, a worse depression than the 1930s." big applause "Since the sensible thing is not being done, for political reasons... The sensible thing would be creating demand by government investment."

Big applause again... guess Chomsky never heard of; Solindra... et al, or ARRA $800 Billion waste, stimulus after stimulus of debt spending, TARP, or the $10 Billion loss on GM announced today, or the Military Industrial Complex, or the Security or Prison Industrial Complexes... or $17.1 Trillion in debt or the $2.4 TRILLION spent on just the interest on the debt over the past 6 years. :rolleyes:

I wonder how many ringers were in the audience to incite applause? I wouldn't put it past the sponsors to coordinate it all... just like campaign appearances,


Chomsky means Fascism, but refuses to admit it. He's a Bankers wet dream and the socialist doesn't even realize he's a useful idiot to the Marxists controlling the nation.

This country is so doomed.

[AlexAmore]

I often debate a liberal who loves Chomsky. He believes we can have an anarchist system where everyone works in employee owned businesses (because coercion is having a boss making a profit off of you). He believes people are naturally cooperative and would go this route if given the opportunity. I go point by point with all his arguments. I even try to tell him there are no laws against creating an employee owned business and some even exist. He changes topics all the time and uses ad hominems.