[quote=zk][quote=aldante]ZK,
Where do the trillions of dollars come from?[/quote]
We all know where the trillions of dollars came from. The question is where did they go. And a lot of them were spent where they wouldn’t have to have been had there been effective regulation. I don’t understand your response to swave. Your theory that the SEC was terribly and horribly ineffective is, in my opinion, correct. So you want to downsize it? How is that going to help?[/quote]
ZK,
How is making something incompetent bigger an improvement?
So we agree that the trillions are coming from the taxpayer? That the FED is able to print money exponentially based on the fact that the U.S. taxpayer must pay their taxes or go to jail right?
The vast majority of the $$ goes to multinational “defense” contractors and companies. This is why the absolute best thing that America does is make weapons. No one even comes close to our ingenuity. Then there are the permanent banker/governement families that sit right next to the FED as the money is being created. If you look at who the top regulators are, they all tend to know one another because they congregate in the same place. That place is Washington D.C. where they draw up “laws” that enable them to continually grow and protect their own wealth.
The reason that I say a smaller “Government” is that people are given a false sense of security by the pronouncements and actions of these regulators. People act on those pronouncements.
Here is a what if: Do you think that if Hank Paulson and Ben Bernanke came to the public in summer of 2008 and said ” The Housing market is overbought, please avoid buying a house until the dust settles” billions of dollars would have been saved by those people who bought their house becasue at that time becasue they trusted these “Regulators?” BTW: This is exactly what Paulson was saying to the insiders….this is going down..stay away form Fannie and Freddie.
No these really “smart and trusted” authorities created an atmoshpere that encouraged capital to be misdirected on a very large scale. That is why your tax money this very morning is being pledged to bail out some very wealthy people in Europe.
Please give me examples of how many times Bernanke has been right on the economy. In the mean time here is a link you may enjoy:
The same thing is played out day after day after day. Our futures are being used (via a tax system legitmized by the use of Force) to create wealth for the wealthy.
If the regulators missed Madoff and the biggest bubble ever how in the HELL can anyone believe that they will get it right the next time????? How big do you want the Governement to be?
BTW, what if one of those really powerful people who were ever elected, or vetted by the public is a percription drug addict? Or just plain incompetent? Or evil? How much power do you suggest we give these folks?
No thanks ZK. A great example is when BAC wanted to add a fee to their debit cards. The government did not act. People did and BofA quickly changed their mind.
If you have not already take 30 minutes and read “The Law” by Frédéric Bastiat. He explains why governemt is ABSOLUTELY NECESSARY and at the same time needs to be kept to its proper SIZE.
