Great Youtube Clip…

[TheBreeze]

If you really want to learn more do some research on the Community Reinvestment Act. This act was enacted in 1977 but when Bill Clinton was in office, this went to a whole notha level.

I don’t get it. I’ve heard these arguments about how the seeds for the housing bubble were sewn during the 70’s, the 80’s, the 90’s or basically any time period when Bush wasn’t in office. By most peoples’ accounts, the housing bubble began sometime between 2002 and 2004. In 2002, the U.S. Senate and the U.S. House of Representatives were controlled by Republicans and the most retarded Republican of all time, Bush, was the president.

So tell me again how the Republicans weren’t able to stop the housing bubble?

[TheBreeze]

Free-market capitalism, based on a gold standard, they’ll say, is what causes the boom-bust cycles. When it is actually fiat currency and central banking that causes these problems!

How can you base a monetary system on some arbitrary metal that exists in some arbitrary amount? I’m not saying that the fiat system is better, but a monetary system based on gold just seems like it would be totally random (although the Fed seems pretty random most of the time too).

What if the Earth were hit by a giant meteor made entirely of gold? Instant deflation? Maybe that’s what killed the dinosaurs.

[TheBreeze]

Free-market capitalism, based on a gold standard, they’ll say, is what causes the boom-bust cycles. When it is actually fiat currency and central banking that causes these problems!

How can you base a monetary system on some arbitrary metal that exists in some arbitrary amount? I’m not saying that the fiat system is better, but a monetary system based on gold just seems like it would be totally random (although the Fed seems pretty random most of the time too).

What if the Earth were hit by a giant meteor made entirely of gold? Instant deflation? Maybe that’s what killed the dinosaurs.

[TheBreeze]

Free-market capitalism, based on a gold standard, they’ll say, is what causes the boom-bust cycles. When it is actually fiat currency and central banking that causes these problems!

How can you base a monetary system on some arbitrary metal that exists in some arbitrary amount? I’m not saying that the fiat system is better, but a monetary system based on gold just seems like it would be totally random (although the Fed seems pretty random most of the time too).

What if the Earth were hit by a giant meteor made entirely of gold? Instant deflation? Maybe that’s what killed the dinosaurs.

[TheBreeze]

Free-market capitalism, based on a gold standard, they’ll say, is what causes the boom-bust cycles. When it is actually fiat currency and central banking that causes these problems!

How can you base a monetary system on some arbitrary metal that exists in some arbitrary amount? I’m not saying that the fiat system is better, but a monetary system based on gold just seems like it would be totally random (although the Fed seems pretty random most of the time too).

What if the Earth were hit by a giant meteor made entirely of gold? Instant deflation? Maybe that’s what killed the dinosaurs.

[TheBreeze]

Free-market capitalism, based on a gold standard, they’ll say, is what causes the boom-bust cycles. When it is actually fiat currency and central banking that causes these problems!

How can you base a monetary system on some arbitrary metal that exists in some arbitrary amount? I’m not saying that the fiat system is better, but a monetary system based on gold just seems like it would be totally random (although the Fed seems pretty random most of the time too).

What if the Earth were hit by a giant meteor made entirely of gold? Instant deflation? Maybe that’s what killed the dinosaurs.

[Arraya]

Thomas Jefferson wrote:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporation
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”

[Arraya]

Thomas Jefferson wrote:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporation
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”

[Arraya]

Thomas Jefferson wrote:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporation
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”

[Arraya]

Thomas Jefferson wrote:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporation
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”

[Arraya]

Thomas Jefferson wrote:
“The [privately-owned] Central Bank is an institution of the most deadly
hostility existing against the principles and form of our Constitution…
if the American people allow private banks to control the issuance of their
currency, first by inflation and then by deflation, the banks and corporation
that will grow up around them will deprive the people of all their property
until their children will wake up homeless on the continent their fathers
conquered.”

[Arraya]

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[Arraya]

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[Arraya]

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[Arraya]

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[Author]

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