@momsstickytoes The only reason recessions are shorter after the fed is because after a bubble collapses; we enter into a new one right after. after dot com bubble we entered into housing bubble, and now is no different. especially after the gold standard was removed.
you are a stupid bitch…you do not understand economics and you are just a fear monger. so just stop putting out faulse messages and shut the fuck up you comy douche.
unfortunately korea can nuke s.korea and pakistan can nuke india— anytime we want them to. so, there is no reason to buy schiff fear…. we rule the world in spite of anyone.
i think it will be a good idea to have the option of getting the whole unemployment benefit in a one time payment,that would help some individuals to become self employed or start a small business.I don,t understand why we have to paid taxes on that benefit as income.i don’t think is good idea to let insurance company’s manage the unemployment benefits,at least it should be optional.
@ytgv3fc7 “all prior recessions were much shorter and much less drastic” LOL!
The Long Depression lasted 5years and 5months and less than 3years later you have a recession that lasts 3years 2months. Yes they were much shorter lol!
@ytgv3fc7 Apparently not!
Look up “list of recessions in American history” as you can see recessions commonly lasted for years not months like moderns ones, they where deeper and recessions happened more often.
@ytgv3fc7 Actually they were much longer and more drastic before the Federal Reserve. I think you should read your history again, you’ve never bothered or you can’t read!
@2000drpain86 of course I’ve looked, that’s how I know that without a federal reserve / central bank all prior recessions were much shorter and much less drastic.
@urumqilik not exactly. Gold has industrial value but with that aside, gold represents a hard currency (not fiat currency) as a point of reference (you can’t print gold). The value of gold isn’t going up because it’s becoming worth more, it’s because the value of the US Dollar is declining or weakening. Gold exists outside of the Dollar inflation/deflation swings so in theory an ounce of gold should buy about the same amount of stuff in 2010 that it did in 1975.
I am curious about this guy`s unflattering faith on gold and silver….
why should gold be expensive and presious all the time? just because it was does not mean it will be…………i for one dont get it as to why we pay so highly to purchasing gold… can we eat ìt? a precious metal that we need to make life saving drugs or new machines? yea maybe some stuff we make we need goal but that does not reflect its true value…….gold is expensive because we want it….
@DaveC86 illogical position. Socialism ensures people can survive today to work tomorrow in case of disasters, be it flooding, fire, health problems, whatever. The only downfall is not merely one of calculation but one of choice: do you support people now because they will help later or support them now even knowing later they are unable to contribute? This is the question of total economic impact of the disabled, lazy, criminals, eldery. Neither Mises nor socialism offers you an answer.
@DaveC86 The real availability of goods vs the real need of people to get goods is always masked by the use of currencies, much less capitalism.
Most economists act as if people do not exist, demand = 0, if cash = 0 even though people may be in need of a home, a car, a meal. That’s the fraud.
Second, short-term profiteering capitalists (free market) always disregard future needs as unimportant. Socialism is the defense against this highly immoral and
@DaveC86 It’s not “defining” it’s describing. Socialism can be centralized or not, it can be with government or not, it can be voluntary or not, but what would be most effective is decentralized operations for all economic models, not just socialism. I consider Mises to be flat out wrong, because I see in true reality in Canada we use collectivism for socialist medical care and it works 1000x better than other systems, hands down. The economic calculation ‘problem’ is a fraud
May 5th, 2011 - 03:14
i’m done now.
May 5th, 2011 - 04:08
though socialism would create an even worse recession.(soviet union, and cuba which has been in a recession since it’s creation.)
May 5th, 2011 - 04:26
@momsstickytoes The only reason recessions are shorter after the fed is because after a bubble collapses; we enter into a new one right after. after dot com bubble we entered into housing bubble, and now is no different. especially after the gold standard was removed.
May 5th, 2011 - 04:39
you are a stupid bitch…you do not understand economics and you are just a fear monger. so just stop putting out faulse messages and shut the fuck up you comy douche.
May 5th, 2011 - 05:13
unfortunately korea can nuke s.korea and pakistan can nuke india— anytime we want them to. so, there is no reason to buy schiff fear…. we rule the world in spite of anyone.
May 5th, 2011 - 05:16
why are you so old
May 5th, 2011 - 05:27
i think it will be a good idea to have the option of getting the whole unemployment benefit in a one time payment,that would help some individuals to become self employed or start a small business.I don,t understand why we have to paid taxes on that benefit as income.i don’t think is good idea to let insurance company’s manage the unemployment benefits,at least it should be optional.
May 5th, 2011 - 06:27
@momsstickytoes Yes LOL!!!!!!!!!!!!!!!
May 5th, 2011 - 07:02
@ytgv3fc7 “all prior recessions were much shorter and much less drastic” LOL!
The Long Depression lasted 5years and 5months and less than 3years later you have a recession that lasts 3years 2months. Yes they were much shorter lol!
May 5th, 2011 - 07:46
@ytgv3fc7 Apparently not!
Look up “list of recessions in American history” as you can see recessions commonly lasted for years not months like moderns ones, they where deeper and recessions happened more often.
May 5th, 2011 - 08:24
@momsstickytoes the numbers say you’re lying and that I can read better than you.
May 5th, 2011 - 09:04
@ytgv3fc7 Actually they were much longer and more drastic before the Federal Reserve. I think you should read your history again, you’ve never bothered or you can’t read!
May 5th, 2011 - 09:30
@2000drpain86 of course I’ve looked, that’s how I know that without a federal reserve / central bank all prior recessions were much shorter and much less drastic.
May 5th, 2011 - 09:57
don’t trust him.
May 5th, 2011 - 10:46
isn’t it about time Americans should hang themselves , Peter ? Or should they wait a little longer ?
May 5th, 2011 - 11:40
chance your money to gold, gold is more valuable than paper
May 5th, 2011 - 11:41
@urumqilik go back 500 years ago, gold has always been valuable in society,
May 5th, 2011 - 11:55
stop using banks
May 5th, 2011 - 12:33
@urumqilik not exactly. Gold has industrial value but with that aside, gold represents a hard currency (not fiat currency) as a point of reference (you can’t print gold). The value of gold isn’t going up because it’s becoming worth more, it’s because the value of the US Dollar is declining or weakening. Gold exists outside of the Dollar inflation/deflation swings so in theory an ounce of gold should buy about the same amount of stuff in 2010 that it did in 1975.
May 5th, 2011 - 13:08
I’m not letting my savings go to Government, Bankers or Wall Street. Silver is my savings.
May 5th, 2011 - 13:49
I am curious about this guy`s unflattering faith on gold and silver….
why should gold be expensive and presious all the time? just because it was does not mean it will be…………i for one dont get it as to why we pay so highly to purchasing gold… can we eat ìt? a precious metal that we need to make life saving drugs or new machines? yea maybe some stuff we make we need goal but that does not reflect its true value…….gold is expensive because we want it….
May 5th, 2011 - 14:03
@DaveC86 illogical position. Socialism ensures people can survive today to work tomorrow in case of disasters, be it flooding, fire, health problems, whatever. The only downfall is not merely one of calculation but one of choice: do you support people now because they will help later or support them now even knowing later they are unable to contribute? This is the question of total economic impact of the disabled, lazy, criminals, eldery. Neither Mises nor socialism offers you an answer.
May 5th, 2011 - 14:31
@DaveC86 The real availability of goods vs the real need of people to get goods is always masked by the use of currencies, much less capitalism.
Most economists act as if people do not exist, demand = 0, if cash = 0 even though people may be in need of a home, a car, a meal. That’s the fraud.
Second, short-term profiteering capitalists (free market) always disregard future needs as unimportant. Socialism is the defense against this highly immoral and
May 5th, 2011 - 15:06
@DaveC86 It’s not “defining” it’s describing. Socialism can be centralized or not, it can be with government or not, it can be voluntary or not, but what would be most effective is decentralized operations for all economic models, not just socialism. I consider Mises to be flat out wrong, because I see in true reality in Canada we use collectivism for socialist medical care and it works 1000x better than other systems, hands down. The economic calculation ‘problem’ is a fraud