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It's All Nixon's Fault - 7/31/2009 5:35:51 PM   
MasterG2kTR


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Status: offline 		An Inconvenient Debt

This puts things into a perspective that most people can grasp.
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RE: It's All Nixon's Fault - 7/31/2009 8:47:04 PM   
DomKen


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Status: offline 		Except of course it is a lie. If the size of the money supply was static between 1929 and 1971, what Beck claims, then with the population of the US more than doubling in that period money would have been unbelieveably scarce resulting in enormous long term deflation.

It is always a good policy to assume if Beck says something it is a lie.

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RE: It's All Nixon's Fault - 7/31/2009 10:26:40 PM   
Arpig


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quote:

It is always a good policy to assume if Beck says something it is a lie.
I have no idea if this is justified or not, but I got a kick out of it. I have known a few people like that in my time.

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RE: It's All Nixon's Fault - 8/1/2009 10:51:29 AM   
Brain


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Status: offline 		Glenn Beck has a Nobel Prize in economics, like Paul Krugman? From what university did he get his economics degree? Probably just another Fox news propaganda misinformation lie.

The United States dollar was already devalued because of the war in Iraq that has not been paid for, thank you very much George Bush.

George Bush was worse than Nixon. George Bush was probably worse than Hoover too and I never thought anyone could be worse than Nixon. Although John Dean recently wrote the book worse than Watergate.

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RE: It's All Nixon's Fault - 8/1/2009 11:41:12 AM   
awmslave


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Status: offline 		G. Beck is talking about total money that includes created credit and debt.The system will inevitably crash. The only question is how to predict the closest scenario. P. Krugman should work on it. An indirect indicator of the coming trouble is how  the bank executives  sense it: they are paying themselves out total bonuses significantly higher than profits ( US Congress got nervous about it).

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RE: It's All Nixon's Fault - 8/1/2009 12:59:21 PM   
DomKen


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quote:

ORIGINAL: awmslave

G. Beck is talking about total money that includes created credit and debt.The system will inevitably crash. The only question is how to predict the closest scenario. P. Krugman should work on it. An indirect indicator of the coming trouble is how  the bank executives  sense it: they are paying themselves out total bonuses significantly higher than profits ( US Congress got nervous about it).

If he was talking about the entire money supply then he wouldn't have been raving about the gold standard which only partially backed physical dollars not those dollars that only existed as accounting. The fact is price inflation occured between 1929 and 1971, which is impossible with a static money supply.

Simply put his flat line from 1929 to 1971 is a lie any way you spin it.

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RE: It's All Nixon's Fault - 8/1/2009 1:04:47 PM   
ThatDaveGuy69


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Status: offline 		You wanna know how money REALLY works?

Spend a couple hours here:

http://www.zeitgeistmovie.com/

The fractional reservse system will always crash, to the betterment of those who control it. Hint: it ain't us.

~Dave


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