The Fed Wins Big with Dodd’s Financial Reform Bill
Thursday, June 3rd, 2010 at
8:20 pm
ByteStyle.tv
Tagged with: Chris Dodd • economy • federal reserve • financial reform • news • Obama • Politics • senate
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@livefreeordie2008
Anyone can read the stupid crap you posted above and see what a moron you are.
# of subsribers lol
@Zeldovich well it would be fair to compare my subs to yours if i had videos talking about economics,but i dont,ive never posted 1 video since ive been on youtube,i just fav and give a video thumbs up or down.
So in other words EPIC FAIL! Also, kind of funny everyone in these comments sees you as the moron not me,so uh yeah another EPIC FAIL!
@livefreeordie2008
How popular a perspective is, especially within a single youtube audience, has nothing to do with its soundness. Any contrary suggestion is just stupid.
By your idiotic attempt at logic, the fact that an overwhelming majority of economists throughout the world share my perspective would easily trump the opinions of a small subset of non-economist youtubers.
You’re just dumb.
You got my attention. Thanks for the video.
@Zeldovich You’re just a tool. Kind of funny these Austrian economists were able to predict the financial crisis,and none of your tool Keynesian economists were able to.
@livefreeordie2008
Very few people think the Fed is doing a good job. I don’t think they are.
@livefreeordie2008
I did block you, but it was an accident. I unblocked you when I noticed my mistake. You can comment on my videos again. I don’t believe in censorship.
@livefreeordie2008
Crying about an economic crisis being just around the corner since ’71 do not predictions make.
@Zeldovich you MUST be him! i must have missed that. send me the vid.
It’s a hell of a world and it has been that way since i’ve been around. I think it has to do with space aliens who are apparently spreading their disdain for reality. Things are actually going south so quickly these days, it is hardly worth giving a shit. Big power is psycho: some people got it and most people want it or so it seems.
amen brudda
america is fucked, its all over. the banks fucked you in your perwitty ass. the social engineering, the manipulation techniques were done which such efficieny we’ll all be apart of the globalist bee hive in no less than 50 years..
End the Fed and a huge amount, possibly even most of the problems this country faces will end. Begin by AUDITING the corrupt Fed!
@Zeldovich The Fed has not been doing a very good job. Inflation is well above those #s.
In the real world, Inflation lowers real wages, but they don’t seem to ever come back up. Inflation is a reason for debt, because of malinvestments.
Exports are boosted, but only for a short time, until prices adjust. Using inflation to boost exports is basically price fixing. This works for a little while, but does more damage in the long run. Eventually, there is not enough money to keep up the purchasing, so the Fed continues to inflate.
@Zeldovich Don’t forget that the Fed kept interest rates artificially low for many years. This led to way too much cheap money, and malinvestments.
@Zeldovich I don’t think that any brokers have even come close to recovering their losses since 2008. This is not just a rip on Schiff, is happened to everyone, well, except for the guys at Goldman Sachs.
The US dollar is quite a bit down, when you compare it to other currencies, such as the Canadian Dollar, and the Australian Dollar. Just because the DOW goes up a few hundred points, does not mean the US dollar is gaining any momentum. That is all due to inflation.
@nly8nchz
Well, what percentage of US brokers were overweight on commodities and foreign assets in the second half of ’08, the latter due to a ridiculous adherence to decoupling?
And since when is the dollar down? You mean, since the crisis high when it went up 31%, contrary to Schiff’s prediction? So, as the crisis abates, shouldn’t the dollar then go way down?
@nly8nchz
And what is the inflation rate, since you claim the Dow doesn’t have real momentum? And, by what calculation are share prices and real earnings being inflated, relative to price increases beyond the Dow?
@Zeldovich If you compare the USD to say the CDN, the USD is down. Quite a bit actually.
When you say the dollar is up, what you mean to say is that inflation is up. If the Fed would stop inflating the monetary supply, the consumer prices would go down.
There is a difference between the Price of the dollar, and the Value of the dollar. When the dollar goes up, that means the value has gone down, mostly due to monetary supply inflation.
@Zeldovich Honestly, no one knows the real inflation because the Fed does not release the M3 #s are no longer released by the Fed, so we have no idea just how inflated the monetary supply really is. I have a feeling that if the Fed would report the actual M3 #s, then the consumer prices would skyrocket.
The only reason consumer prices are as low as they are, is because the Fed is hiding the real #s on monetary inflation.
@Zeldovich Voy2378 is calling you a troll, because you keep spouting Keynesian Economic banter.
Keynesian economics don’t work. They focus too much one equations, that are massively manipulated. nGDP is a massively manipulated #. When you can create derivatives that don’t have any basis in REAL money, but can add to the GDP, you have a big problem. We have all been scammed by the masters of scamming, and people like you continue to believe in the GDP #s. Too bad really.
shelly..I think you should marry me
Sweeter than a Chocolate Strawberry!!!!
Is it November yet? Dear God how much more of this can our nation take?