Mark plays some audio of the great Milton Friedman and explains how it is impossible for the government to spend your money better then you can.
Part 1 of 2
Part 2
http://www.youtube.com/watch?v=qGdk-n-bzI8&feature=channel
Duration : 0:9:7
Nov
13
Nov
10
Complete video at: http://fora.tv/2009/04/15/Peter_Hartcher_Whos_to_Blame_for_the_Financial_Crisis
Journalist Peter Hartcher compares the current actions of central banks to those of Alan Greenspan after the last financial crisis. He warns that “excess money always leads to some nasty pernicious event.”
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According to Peter Hartcher, from 1996 on, Alan Greenspan, chairman of the United States Federal Reserve Board from 1987 till 2006, knew that equity markets were overheated and should have taken concerted action to cool them. In fact, Greenspan gave one speech in December 1996 questioning the “irrational exuberance” of investors but never followed up to pop the bubble.
By 1999, Greenspan had become an out-and-out cheerleader of the so-called New Economy, in which labor productivity was rising so quickly that inflationary pressures were of minimal concern. As the steward of America’s financial markets, he should have known better, Hartcher argues, but in the face of jawboning from both Congress and the White House, Greenspan buckled under and took the easy way out. – Sydney Institute
Peter Hartcher is an Australian journalist and the Political and International Editor of the Sydney Morning Herald. He is also Chair Editor of The Diplomat, an Australian foreign affairs journal, and a visiting fellow at the Lowy Institute for International Politics in Sydney.
Duration : 0:3:24
Oct
30
Agriculture is easily the most distorted sector, with high tariffs and, in developed countries at least, large amounts of government subsidies through price supports and direct payments. On the other hand, developing countries, who have a comparative advantage in these products, cannot afford to subsidize their agriculture sector and face prohibitive tariffs for their products abroad. The powerful agriculture lobby groups, particularly in the large developed countries, make reform politically difficult. Chris Edwards, Sallie James and Dan Ikenson discuss the inequities of American farm policies.
This video was produced by Caleb Brown ( http://www.twitter.com/cobrown ) and Austin Bragg ( http://www.twitter.com/habragg ).
Duration : 0:5:33
Oct
26
We are seeing reports of anywhere from 50% to 70%. It will pose challenges for the government going forward and put a lot of pressure on the government going forward. (Bloomberg News)
Duration : 0:2:10
Oct
24
A wake up call to all Americans from the U.S. Government Accountability Office (GAO) – (formerly the “General Accounting Office”).
http://GAO.gov
(since its over 10 min, i had to remove a few scenes in start to upload it)
Also do read this from Federal Reserve Bank of St. Louis Review, July/August 2006, 88(4), pp. 235-49:
“Is the United States Bankrupt?”
http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf
“This paper explores these views from both partial and general equilibrium perspectives. It concludes that countries can go broke, that the United States is going broke….”
- How can the US go bankrupt, when it can just print new money (US Dollars) at no cost? You cant, you just dont want people to watch the money supply too close then, which is why FED stopped showing the M3 money supply in 2006:
http://www.federalreserve.gov/Releases/h6/discm3.htm
- but the huge supply of newly printed US dollars will decrease its value. Ask yourself if the US dollar has fallen in value against other currencies lately e.g. the Euro, British Pound, Canadian dollar? or if gold or oil cost more in USD lately?
- In God you trust……but the FED?
Only one honest US politician will tell you whats really going on, Ron Paul. Not only does Ron Paul question the FED, he also want to shut down the IRS – if you wonder why, watch this almost 2 hour long video, and I am quite sure you can understand. If you think this movie shown here is scary, you havent seen anything yet:
http://video.google.com/videoplay?docid=-1656880303867390173
Forum:
http://eucitizens.eu
Duration : 0:9:5
Oct
8
Politicians are going to spend $800 billion dollars which they claim will stimulate the economy. For the same amount of money we could eliminate the payroll tax for the rest of the year, giving the average worker thousands of dollars back in their pocket. Instead of more government spending, why not just let the American people spend their own money?
Duration : 0:2:43