tag:blogger.com,1999:blog-6314891743204395487.post6549449205579793669..comments2024-02-05T03:41:13.688+01:00Comments on Mikeb302000: Why I Support Occupy Wall StreetAnonymoushttp://www.blogger.com/profile/09806175370305006933noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-6314891743204395487.post-29304310650217450672011-10-27T16:47:02.915+02:002011-10-27T16:47:02.915+02:00Sans l'aide de la France, les Etats-Unis n'...<a href="http://xenophongroup.com/mcjoynt/alliance.htm" rel="nofollow">Sans l'aide de la France, les Etats-Unis n'existeraient pas</a>: donc <a href="http://missourinet.learfielddemos.com/2010/07/04/lafayette-we-are-here/" rel="nofollow">“Nous voila, Lafayette."</a>Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-14974009050303075152011-10-27T16:26:52.673+02:002011-10-27T16:26:52.673+02:00Tsk tsk; Laci you know now that our Anonymous beli...Tsk tsk; Laci you know now that our Anonymous believer in the Creature from Jekyll Island appears to be one of those extreme right wingers who fears conspiracies without facts to support them.<br /><br />Are you trying to scare him be writing something in French? Oh Noes!<br /><br />Because the idea of those scary foreign things, like languages other than English, clearly frighten him.<br /><br />Let me help. What Laci wrote translates into good old plain American (I won't say 'English', because of course the English are foreigners too) as the more things change, the more they stay the same.<br /><br />Yes, sadly, Laci and I are among those intellectual elite who speak, read and write more than one language as well as study economics and history. <br />Shame on us, LOL.(not)<br /><br />Oh, wait - so did a number of our founding fathers, particularly French as an additional language. In the case of Lafayette, it was his first language. Maybe we are ok after all.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-54887311581736071772011-10-27T13:39:18.771+02:002011-10-27T13:39:18.771+02:00One problem our anonymous commenter made the comme...One problem our anonymous commenter made the comment that:<br /><br /><i>Even the video you posted makes it clear who is the blame and yet you defend the FED.</i><br /><br />The problem is that the video posted on this post demands the restoration of the regulations that have been trashed over the past 30 years--that led to confustion over which video he mentioned.<br /><br />If anything, the video posted here would want the Fed to have stronger regulatory power.<br /><br /><i>Following the near catastrophic financial disaster of 1907, the movement for banking reform picked up steam among Wall Street bankers, Republicans, and eastern Democrats. However, much of the country was still distrustful of bankers and of banking in general, especially after 1907.</i><br /><br />Le plus ça change, le plus ça le meme chose.<br /><br />There were crashes prior to the Fed. In fact the lack of the Second Bank of the US contributed to the worst financial disasters of the 19th Century. But, some people are historically ignorant.<br /><br />Shame.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-85700496633937928142011-10-27T03:52:15.444+02:002011-10-27T03:52:15.444+02:00and finally - same source
"Griffin is a clev...and finally - same source<br /><br />"Griffin is a clever hoaxter, in large part because he's able to tap into the circular far-right informational bubble, wherein conspiracy theorists cite each other endlessly as "evidence" of their own outlandish ideas. Gerry Rough has an interesting essay explaining how this works:<br /><br /> What happens with conspiracy theories is that author "A" will write a passage in his text, place a footnote or endnote as a reference source for the passage, then move on with the conspiratorial narrative. This is no different than any other work of non-fiction: this is merely standard operating procedure. Author "B" on the other hand, will assume that the passage is correct, cite the same passage, and never bother to check to see if the passage had anything at all to do with a verifiable conspiracy. It is here where conspiracy theories are patently different than other works of non-fiction. *At no point ever* do conspiracy theorists verify the authenticity of the original passage, nor is there any attempt to verify context. So, if a passage turns out to be fabricated or grossly distorted, precisely as *all three examples* in part 3 of this debate, no conspiracy theorist will ever likely have knowledge of it. <br /><br />In other words, they breathe their own exhaust and convince each other it's fresh air. And as Rough explains, Griffin is noted for playing a key role in this circle-jerk by giving other conspiracy theorists "authoritative" quotations that in fact are bogus in nature:<br /><br /> This is much more likely the scenario that happened with Flynn’s research. In point of fact, G. Edward Griffin, a well known author and editor of John Birch Society publications, deliberately lied about the passage in question, then Flynn simply passed on the lie all too willingly while citing Griffin as the original source. In the case of Griffin’s research, there are no other options: Griffin did not cite another author as the source for the passage that his text quoted. In failing to do so, the ultimate responsibility for lying stops at the desk of Griffin alone. But lets not let Flynn and other conspiracy theorists off the hook so easily either. All who write this conspiracy theory nonsense had at one point a responsibility to verify any given passage in question. They willingly shunned that public responsibility and aided a lie by way of omission. If this were an intellectual crime it would be likely classified as criminal negligence."<br /><br />Internationally credible?That's hilarious.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-43780492738591734612011-10-27T03:47:18.586+02:002011-10-27T03:47:18.586+02:00Yeah..... pretty much anyone with genuine credibil...Yeah..... pretty much anyone with genuine credibility thinks this book is not worth the paper it is printed on, except a few weirdos on the most 'out there' extremes of the far right.<br /><br />But then, you have to know the subject at least minimally to know if something is goodor bad.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-84423576405692148062011-10-27T03:44:23.904+02:002011-10-27T03:44:23.904+02:00cont'd:
The legislation that eventually em...cont'd:<br /><br /><i> The legislation that eventually emerged was the Federal Reserve Act, also known at the time as the Currency Bill, or the Owen-Glass Act. The bill called for a system of eight to twelve mostly autonomous regional Reserve Banks that would be owned by the banks in their region and whose actions would be coordinated by a Federal Reserve Board appointed by the President. The Board’s members originally included the Secretary of the Treasury, the Comptroller of the Currency, and other officials appointed by the President to represent public interests. The proposed Federal Reserve System would therefore be privately owned, but publicly controlled. Wilson signed the bill on December 23, 1913 and the Federal Reserve System was born.6<br /><br /> Conspiracy theorists have long viewed the Federal Reserve Act as a means of giving control of the banking system to the money trusts, when in reality the intent and effect was to wrestle control away from them. History clearly demonstrates that in the decades prior to the Federal Reserve Act the decisions of a few large New York banks had, at times, enormous repercussions for banks throughout the country and the economy in general. Following the return to central banking, at least some measure of control was removed from them and placed with the Federal Reserve. "</i>dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-26651407197648820942011-10-27T03:43:13.220+02:002011-10-27T03:43:13.220+02:00and from the same source:
Another terrific debunk...and from the same source:<br /><br /><i>Another terrific debunking of far-right Federal Reserve theories generally, including Griffin's texts, was provided by Edward Flaherty at Public Eye. From the first part:<br /><br /> Following the near catastrophic financial disaster of 1907, the movement for banking reform picked up steam among Wall Street bankers, Republicans, and eastern Democrats. However, much of the country was still distrustful of bankers and of banking in general, especially after 1907. After two decades of minority status, Democrats regained control of Congress in 1910 and were able to block several Republican attempts at reform, even though they recognized the need for some kind of currency and banking changes. In 1912 Woodrow Wilson won the Democratic party’s nomination for President, and in his populist-friendly acceptance speech he warned against the "money trusts," and advised that "a concentration of the control of credit ... may at any time become infinitely dangerous to free enterprise."3<br /><br /> Also in 1910, Senator Nelson Aldrich, Frank Vanderlip of National City (today know as Citibank), Henry Davison of Morgan Bank, and Paul Warburg of the Kuhn, Loeb Investment House met secretly at Jeckyll Island, a resort island off the coast of Georgia, to discuss and formulate banking reform, including plans for a form of central banking. The meeting was held in secret because the participants knew that any plan they generated would be rejected automatically in the House of Representatives if it were associated with Wall Street. Because it was secret and because it involved Wall Street, the Jekyll Island affair has always been a favorite source of conspiracy theories. However, the movement toward significant banking and monetary reform was well-known.3 It is hardly surprising that given the real possibility of substantial reform, the banking industry would want some sort of input into the nature of the reforms. The Aldrich Plan which the secret meeting produced was even defeated in the House, so even if the Jekyll Island affair was a genuine conspiracy, it clearly failed.<br /><br /> The Aldrich Plan called for a system of fifteen regional central banks, called National Reserve Associations, whose actions would be coordinated by a national board of commercial bankers. The Reserve Association would make emergency loans to member banks, create money to provide an elastic currency that could be exchanged equally for demand deposits, and would act as a fiscal agent for the federal government. Although it was defeated, the Aldrich Plan served as an outline for the bill that eventually was adopted. 5<br /><br /> The problem with the Aldrich Plan was that the regional banks would be controlled individually and nationally by bankers, a prospect that did not sit well with the populist Democratic party or with Wilson. As the debate began to take shape in the spring of 1913, Congressman Arsene Pujo provided good evidence that the nation’s credit markets were under the tight control of a handful of banks – the "money trusts" against which Wilson warned.1 Wilson and the Democrats wanted a reform measure which would decentralize control away from the money trusts.</i>dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-69079237605523829282011-10-27T03:28:14.294+02:002011-10-27T03:28:14.294+02:00Anonymous had written:
And committing the buffoon...Anonymous had written:<br /><br /><i>And committing the buffoonery of calling a internationally credited non-fiction book a fairy tale is...well, ridiculous.</i><br /><br />WHAT credible source 'credits' this stupid book? I looked, and I didn't find any. Are you reading some bogus hype off the cover? Do you know anything about any of the 'international' credits you are referencing?<br /><br />Here IS one review though, that sums this up:<br />http://crooksandliars.com/david-neiwert/predicted-beck-goes-full-bore-birche<br /><br /> " Beck, as we all know, has previously demonstrated a fondness for the Birch Society, and this is consistent with that: Griffin, after all, was a close personal friend and longtime associate of Birch Society founder Robert Welch, and wrote a popular Birch book published in 1964, The Fearful Master: A Second Look at the United Nations.<br /><br /> The Creature from Jekyll Island is in many ways a compendium of previous works claiming that the Federal Reserve is a fundamentally illegitimate -- and therefore deeply nefarious -- organization. Most of these theories were deeply anti-Semitic in nature, since they depicted the Fed's bankers as part of a Jewish cabal intent on destroying white American society. What sets Griffin's work apart is that -- like most Birch texts, which assiduously avoided anti-Semitism -- he manages to scrub out the anti-Semitic elements while keeping the paranoid conspiracist elements intact.<br /><br /> Since its publication in 1994, Griffin's book has become a popular text for a large number of right-wing extremists, particularly tax protesters and Patriot movement believers. Griffin himself was involved in organizing a gathering on Jekyll Island last year that the Southern Poverty Law Center credits with helping revive the militia movement.<br /><br /> <b> It has been debunked thoroughly, of course -- probably most notably by historian Gerry Rough, whose three-part series on the origins of the Fed, "Another Twist on the Jacksonian Bank War," pretty thoroughly reveal just how fraudulent Griffin's text really is. You can read it here: Part 1, Part 2, and Part 3. "</b><br /><br />[Rough has debunked Griffin further in other essays as well: here, here, and here.]<br /><br />Meanwhile, Media Matters' research team has a complete rundown on Griffin. From an earlier piece:<br /><br /> Griffin, in addition to spinning conspiracy theories about the Fed, is also a 9-11 truther and has written extensively about the U.S. government's "facilitation" of the attacks. In April 2008, Griffin appeared on the radio program of conspiracist Alex Jones and claimed that he predicted just days after 9-11 that "the FBI and the intelligence agencies of the federal government had advance knowledge of this attack but did nothing to stop it," and that he was proven right. He also is -- or, at least, was -- a member of the ultra-right wing John Birch Society. He wrote a 1970 pamphlet entitled "This is the John Birch Society: An Invitation to Join," and a 1975 book entitled The Life and Words of Robert Welch: Founder of the John Birch Society.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-41616247801478651062011-10-26T23:38:04.673+02:002011-10-26T23:38:04.673+02:00Public or Private, there needs to be some form of ...Public or Private, there needs to be some form of central bank. Of course, that gets into a long drawn out discussion. <br /><br />The US has not had much luck with central banks, up until the Fed. Then, the currents of change have made it an ineffective organisation.<br /><br />Teh problem is not that regulation needs to be ended. It needs to be properly adminstered and overseen.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-37056488820212962622011-10-26T23:10:47.450+02:002011-10-26T23:10:47.450+02:00Someone get anonymous a towel.
There was a commen...Someone get anonymous a towel.<br /><br />There was a comment which was recently deleted that claimed both Laci and a prominent Nobel prize winning economist didn't know what they were talking about.<br /><br />This from someone who believes in a really nutso theory that has been used to justify new world order crackpots, the sinking of the Titanic, and who knows what other bogus bullshit.<br /><br />Laci knows more than you do, sufficient to intelligently critique economic proposals and to differentiate the real from the silly.<br /><br />The creature from jekyll island is just that - silly crap from a con artist who sells hokum.<br /><br />Unfortunately, any attempt at substantive discussion is going over anonymous's head. Which in turn only appears to reinforce the anti-intellectual right wing prejudices arising out of being threatened by not understanding the complexities of the modern world. You crave simplicity, even when things are not simple.<br /><br />I hope you didn't waste your hard earned money on this junk.<br /><br />Because if you don't know enough to have a discussion, anonymous, you don't know enough to recognize who knows what they are talking about and who doesn't.<br /><br />That isn't just ignorant, it is willfully bone ignorant.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-48839245993997095632011-10-26T22:00:02.407+02:002011-10-26T22:00:02.407+02:00your brain will leak out your ears and dribble dow...<i>your brain will leak out your ears and dribble down your shirt.</i><br /><br />Too late, I think it already has.<br /><br />It happened a long time ago.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-31399158436493198292011-10-26T21:57:04.209+02:002011-10-26T21:57:04.209+02:00OOops, forgot to include this link with the claims...OOops, forgot to include this link with the claims relating to the sinking of the Titanic:<br /><br />http://www.world-mysteries.com/doug_titanic1.htm<br /><br />If you read stuff like the Creature of Jekyll Island, it will rot your brain; your IQ will diminish in big leaps, with the turn of every page.<br /><br />This IS NOT a reputable SOURCE for understanding the federal reserve.<br /><br />Try some academic sources. I'm sure we can find you something simple that won't strain what remains of your brain. But if you keep believing this utterly bogus nonsense, your brain will leak out your ears and dribble down your shirt.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-85994000863139565432011-10-26T21:53:22.565+02:002011-10-26T21:53:22.565+02:00Thank you for a fact based analysis of the Creatur...Thank you for a fact based analysis of the <i>Creature from Jekyll Island</i>. I haven't read it in a while, but I did remember I was rather disappointed with the build up I had been given by the friend who recommended it.<br /><br />Yes, the person who wrote it is indeed a whack job.<br /><br />This topic is far too complicated than a work of fiction that is not based in proper economic theory to address.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-31254137104434103152011-10-26T21:50:11.606+02:002011-10-26T21:50:11.606+02:00G. Edward Griffin, of Jekyll Island (the pseudo do...G. Edward Griffin, of Jekyll Island (the pseudo documentary) fame,is a flake. He has supported all kinds of hoaxes, including - just for starters- laetrile for caner treatment, and some hokey hoaxes relating to Noah's ark. He's a crazy John Bircher - the lunatic fringe who oppose fluoride in our water supply, and who see communists hiding under our beds and in the white house. He has supported fascist racists like George Wallace for President.<br /><br />His sole claim to any economic credentials is that he is a certified financial planner, which on the scale of credentials is crap. So far as I can tell, he has never taken so much as an undergrad intro to macro economics class, much less any other academic training that would make him an informed opinion worthy of attention.<br /><br />The man is a crackpot. And this was whom Ron Paul relied on for his advice in formulating his ideas on economics.<br /><br />The Creature from Jekyll Island is crap, it is fiction, it is total bullshit that is so poor in quality, it is not even suitable to line a bird cage or fertilize my rose bushes. It is NOT factual.<br /><br />Jekyll Island was the location for some draft legislation being written, which later went through the same public process as any other legislation in Congress. There is and was no 'conspiracy'. If you'd care to examine a FACTUAL review of the events instead of fantasy, try this:<br />http://www.frbatlanta.org/news/conferences/10jekyll_index.cfm<br /><br />which is much more fairly critical of Fed performance, and far more fact based.<br /><br />Are you one of those crazies who believe there is a conspiracy for a new world order? Do you belong to one of those lunatic fringe militias?<br /><br />http://www.splcenter.org/get-informed/intelligence-report/browse-all-issues/2010/spring/midwifing-the-militias<br /><br />Do you believe that the meeting on Jekyll's Island resulted in the sinking of the Titanic?<br /><br />How DUMB are you?<br />.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-48045028839683097732011-10-26T21:40:07.144+02:002011-10-26T21:40:07.144+02:00If our anonymous idiot would have taken the time t...If our anonymous idiot would have taken the time to read <a href="http://mikeb302000.blogspot.com/2011/10/answers-to-my-economic-quiz.html" rel="nofollow">this post</a>, he would have known where I copied my first response to him.<br /><br />He would find it located under:<br /><i>15. What is a commodity based monetary system?</i><br /><br />I'm not sure what institution our anonymous commenter attended, or attends, but they don't do much in the way of teaching how to read and write.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-1342161888125291542011-10-26T21:33:37.204+02:002011-10-26T21:33:37.204+02:00In fact,regarding the Oxford Post,you failed to un...In fact,regarding the Oxford Post,you failed to understand that it was a course of study called Philosophy, Politics and Economics and what that means.<br /><br />So,Anonymous, you aren't doing too well on showing us that you are capable of understanding complicated topics.<br /><br />You admit that "I am not an economic historian".<br /><br />Well, I have a degree in economics.<br /><br />And I know what I am talking about.<br /><br />You don't, anonymous.<br /><br />Bye.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-67507397103082706222011-10-26T21:29:55.203+02:002011-10-26T21:29:55.203+02:00You calling the Creature from Jekyll Island an &qu...You calling the Creature from Jekyll Island an "internationally credited non-fiction book a fairy tale"?<br /><br />You betcha!<br /><br />Let's see: Ron Paul reviewed it. He's on the Banking committee.<br /><br />And Michelle Bachmann is on the intelligence committee as well!<br /><br />Mark Thornton, Asst. Professor of Economics, Auburn Univ., Coordinator Academic Affairs, Ludwig von Mises Institute which is is a Right-libertarian academic organization engaged in research and scholarship in the fields of economics, philosophy and political economy. Its scholarship is inspired by the work of Austrian School economist Ludwig von Mises. Other Austrian School academics such as Murray Rothbard and Friedrich Hayek have also had a strong influence on the Institute's work.<br /><br />And Dan Smoot, Publisher/Editor, Dan Smoot Report whatever that is?<br /><br />I believe that Willie Nelson also liked the book.<br /><br />Top flight scholars all!<br /><br />You have yet to make a critique on the substance of what I have written.<br /><br />In fact, you haven't come up with anything intelligent to say about all this.<br /><br />If anything, you have demonstrated that you have no idea of what we are talking about.<br /><br /><i>coming from someone who cuts and pastes Wiki </i><br /><br />You did that in a piss poor attempt to respond to me.<br /><br />It's one thing to write something, it's another to demonstrate that you understand what you wrote.<br /><br />You've failed to do the latter.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-2346104429739886452011-10-26T21:17:30.828+02:002011-10-26T21:17:30.828+02:00Can you say something substantive,or do you just s...Can you say something substantive,or do you just spout shit?<br /><br />So far,you haven't refuted that the system was plagued by panics and crashes pre-Fed.<br /><br />What have I said that was Keynesian?<br /><br />Do you know what that means?<br /><br />You really shouldn't talk about topics that you have no idea what you are discussing.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-78334361370929592172011-10-26T21:10:24.167+02:002011-10-26T21:10:24.167+02:00Obviously you are drunk on Keynesian Kool-Aid, so ...Obviously you are drunk on Keynesian Kool-Aid, so I'll wait till you sleep it off to continue. In the meantime, let me know which bookstore, brick and mortar, or online you find 'Creature' in the Fiction section. <br /><br />I really don't see much credibility coming from someone who cuts and pastes Wiki and tries to pass it off as his own. Clearly, you couldn't come up with that first response (going by the time stamp, seven minutes after my post) without copying. <br />And committing the buffoonery of calling a internationally credited non-fiction book a fairy tale is...well, ridiculous.<br /><br />Obviously, Oxford is not a place that endorses or teaches intellectual honesty.<br />Have a nice day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-50231739589267380372011-10-26T21:02:10.280+02:002011-10-26T21:02:10.280+02:00I'm not sure if Anon is referring to the Zeitg...I'm not sure if Anon is referring to the Zeitgeist Video I posted, or the one on this post.<br /><br />If he is referring to this post, his opinions are downright ignorant.<br /><br />He obviously did not understand what this video was about.<br /><br />He probably wouldn't understand the film <a href="http://www.sonyclassics.com/insidejob/" rel="nofollow">Inside Job</a>, but it would be well worth his watching.<br /><br />It's much better than the fiction he's been reading.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-36125083785659513442011-10-26T20:56:09.798+02:002011-10-26T20:56:09.798+02:00Dog Gone, I wouldn't just use that this Anon&#...Dog Gone, I wouldn't just use that this Anon's authors are Koch funded crazies, or even just crazies, to debunk them.<br /><br />Their accounting and interpretation of economic history is inaccurate and the case of Jekyll Island part fiction.<br /><br />They are anti-Fed without understanding why, or what exactly the fed does.<br /><br />There is a place for Central Banks, whether public or private (the Bank of England was private until 1946) since they work for monetary and financial stability.<br /><br />The problem is that the financial system is changing, which most of these critics of the Fed do not understand.<br /><br />Additionally, they propose a laissez-faire policy, which is downright reckless in the modern economic system.<br /><br />The proper stance is to make the financial system more understandable--rather than rig the system so that it makes as much sense to take your money to Vegas as to put it in a bank or invest it.<br /><br />Our Anonymous commenter would choose the Vegas option, for whatever reason, rather than learn what is going on with his money.<br /><br />He would denounce the 99%, not realising that he is very much one of them.<br /><br />What the Occupy movement should have brought about was an interest in the economic system and an informed dialogue about it.<br /><br />Instead of unrealistic, bumper-sticker solutions.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-60247046754043913492011-10-26T20:35:00.922+02:002011-10-26T20:35:00.922+02:00It's a bit more complicated than all that.
Th...It's a bit more complicated than all that.<br /><br />The Video explains the current economic system: yes.<br /><br />It mentions the fractional reserve system and the Federal Reserve Bank: yes.<br /><br />The rest of the film goes on to propose a highly technological economic system.<br /><br />But, there are quite a few more players and aspects than what that simplified version of how the system works.<br /><br />It's kind of like explaining credit default swaps in 20 words or less.<br /><br />Not to mention that is only a segment of the film where they go beyond just how fractional reserve banking works and the Fed's part in the system.<br /><br />In fact, APU, you've only glommed onto a fraction of what I have mentioned here and are showing that you don't even understand that.<br /><br />As I have said before, "playing games with fractional reserves has been a central component of capitalism from the earliest days."<br /><br />You can't blame the Fed, the First Bank of the US, The Second Bank of the US, the Bank of England, The Bank For International Settlement (heard of them?), or any of the other regulators.<br /><br />If anything, the regulators are trying for transparency in the system--whereas the players want it as opaque and confusing.<br /><br />Likewise, there is only one type of economic system which does not fluctuate--and that's a command economy.<br /><br />It's hard to lecture someone who knows more about the topic than you do (which you've admitted).<br /><br />Jekyll Island is a piece of fiction, which anyone who knows economic history can spot.<br /><br />As I said, you would be better off taking a course in basic economics.<br /><br />But deregulation has been proven to be a failure.<br /><br />But given your bias, lack of knowledge and information, and just plain off ignorance, you are prime for being propagandised.Laci The Doghttps://www.blogger.com/profile/07138644349857941157noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-47777034699963608712011-10-26T20:33:49.571+02:002011-10-26T20:33:49.571+02:00A better question anonymous is why would you vote ...A better question anonymous is why would you vote for the crooks on the right, who are, if anything more in the pocket of big money.<br /><br />Why would you vote for a generally not well respected policy without fully understanding it -- which you clearly don't.<br /><br />The right wing is full of conspiracy theories about the center and the left; only rarely do they prove correct. VERY rarely, as in pretty much never.<br /><br />I suggest you inform yourself about the regulations and their clear effectiveness resulting from the Pecora commission.<br /><br />Then look at the causes of the latest crises; the problem is for the most part NOT the Fed, but rather corruption and fraud on Wall Street.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-40627763421209461122011-10-26T20:29:45.953+02:002011-10-26T20:29:45.953+02:00I imagine that our pro-Ron Paul anonymous (as dist...I imagine that our pro-Ron Paul anonymous (as distinct from the other versions of anonymous here) might be feeling a bit aggrieved at having his economist in support of his position rejected.<br /><br />Allow me to elaborate.<br /><br />First of all, it is important to have more knowledge and understanding than anonymous has demonstrated so far to distinguish a good source from a bad source; this is more like cherry picking looking for anyone who will support a particular point of view.<br /><br />Which is substantively different than having a good understanding of the subject, and a good knowledge of the majority and minority opinions, pro and con, of the topic.<br /><br />Then there is the issue of straight up intellectual dishonesty, and the Koch brothers have done more than their share of funding that. Perhaps, since you appear to be enamored of the Austrian School variety of economics, you should read this:<br /><br />http://penigma.blogspot.com/2011/09/koch-brothers-and-economics-history.html<br /><br />So far as I'm concerned this is only one of the items which casts a very dark shadow on the integrity of what comes out of the Cato Institute.dog gonehttps://www.blogger.com/profile/00151618317070878675noreply@blogger.comtag:blogger.com,1999:blog-6314891743204395487.post-3922037492672026652011-10-26T20:02:55.084+02:002011-10-26T20:02:55.084+02:00It is just amazing that you ignore the situation t...It is just amazing that you ignore the situation that is happening today. It's like you think it doesn't exist. Even the video you posted makes it clear who is the blame and yet you defend the FED.<br /><br />A conspiracy theory? Are you suggesting that there is no such thing as a conspiracy? Are you suggesting that the events at Jekyll Island never happened? You probably believe that a 'magic bullet' killed JFK, too.<br /><br />Vote? Why in the hell would I vote for more tyranny from these idiots? Sheesh!!!!Anonymousnoreply@blogger.com