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That last quote made me throw up in my mouth a little.
I just don't know what went wrong!
ya, that dick has an ego on him doesn't he?!Originally Posted by priest_of_syrinx
Gold is the money of kings, silver the money of gentlemen, barter the money of peasants and debt the money of slaves.
Barf!
Good stuff, but that IMF dude at the end thinks a lot of himself, doesn't he?
"They [the Soviets] intend...to induce the Americans to adopt their own 'restructuring' and convergence of the Soviet and American systems ... Convergence will be accompanied by blood baths and political re-education camps in Western Europe and the United States. The Soviet strategists are counting on an economic depression in the United States and intend to introduce their reformed model of socialism with a human face as an alternative to the American system during the depression."Anatoliy Golitsyn The Perestroika Deception 1990
good video to show to the sheeple!
From what I've heard from Stiglitz, he's a mixed bag:
In some ways, the Fed resembles a drunk driver who, suddenly realising that he is heading off the road starts careening from side to side. The response to the lack of liquidity is ever more liquidity. When the economy starts recovering, and banks start lending, will they be able to drain the liquidity smoothly out of the system? Will America face a bout of inflation? Or, more likely, in another moment of excess, will the Fed over-react, nipping the recovery in the bud? Given the unsteady hand exhibited so far, we cannot have much confidence in what awaits us.
-Joseph Stiglitz
but in an interview I saw him say how our economy was phony and based on a housing bubble and bloated financial sector, and advocates production. But he also called for a bigger role of government and supported the stimulus and said the banks shouldn't fail.
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