Comments on: Greek rescue more than everyday political monkey-business

By: traffic siphon review

traffic siphon review — Tue, 21 Sep 2010 07:03:04 +0000

You have a very useful weblog I have been here reading for around half an hour. I’m a novice and your post is actually valuable personally.

By: koop gadgets

koop gadgets — Fri, 20 Aug 2010 22:12:11 +0000

I found you internet site with yahoo search engine! really awesome! Greetings from Belgium

By: how much should i weigh

how much should i weigh — Sat, 19 Jun 2010 02:10:00 +0000

hey whats your myspace page.

By: pillowattack

pillowattack — Sun, 30 May 2010 07:47:19 +0000

Gregg, you say that money is meaningless. It is a generally agreed upon means of exchange. If you haven’t studied economics and can’t think rationally please stop spreading this asinine diatribe. It serves only to confuse unintelligent people.

You cannot call money a Ponzi scheme- I can get what I want for a price that is agreed upon by two parties. Gold, silver, and money has value because people WANT IT TO HAVE VALUE. Because these things are rare and a useful means of exchange. We would still be living in primitive societies if money hadn’t been invented.

Stop writing articles before you think them through.

On a side note, bailing companies or countries out is a bad precedent and will cause a good deal of economic and societal issues that will take years to unravel. Probably, a large decrease in the value of money, which is what happens when you print too much of it.

Anyone who has taken a first-year economics class has more insight into the value of money than you.

Gregg, shame on you. This is the second time tonight I have found serious problems with your journalism.

You are lazy. Journalists who write this type of meaningless garbage should lose their jobs.

By: kc6404

kc6404 — Sat, 15 May 2010 16:45:54 +0000

SOURCE: Greg Easterbrook Feb 10, 2009, Tuesday Morning Quarterback: Here’s my prediction: in October 2009, the one-year anniversary of Cramer’s “get out now” declaration, the Dow will be above 10,000 and gold will be below $875.

Greg,
Understand Austrian Economics
Understand The Secrect Private Bank – Federal Reserve
Understand HR1207 S604
Understand Gold/Silver
Understand the Plunge Protection Team and the Presidents Working Group on Financial Markets
Understand that the stock market has been bailed out several times over
Understand the Medical Industrial Complex
Understand the Military Industrial Complex
Understand the War on Drugs
Understand the Educational Industrial Complex
Big Gov’t, small individual.

I like your Tuesday Morning Quarterback. I like you, but I need to know what you would do in this economic climate.

By: WhatDebt

WhatDebt — Fri, 14 May 2010 17:45:30 +0000

Jumfin, apart from the name, “The System” is some what a secret society answerable to no one. I know Bernanke goes and explains things to committees once in a while, but I was surprised to know from last weeks news that they basically don’t have to say exactly what they are doing in any detail, ergo, the calls for an Audit. Wonder how far that will go? It’s a traditional answer you give regarding the ownership of the Fed Reserve “System” that some “Association of Member Banks” might own it and be the recipients of the 200+ Billion in interest payments. Some have speculated that Chase might be one of the banks, others have speculated that Foreign banks might make up the association. But, no one knows.

Incidentally, something of what Congress codified as being the fed Reserve in 1913 existed from the Civil War years. I guess that’s why I’ve herd that we are still paying on Civil War bonds to this day. But, again, it’s a secret society and we don’t know for sure.

By: HBC

HBC — Fri, 14 May 2010 15:12:07 +0000

Between all its logical fallacy and shopworn mythology, it’s hard to know where to begin to criticize the above article. But it needs doing, so:

German industriousness – myth, verging on ethnological infatuation
Greek laziness – legend, but not necessarily true at all times
Ponzi schemes – always illegal unless the government’s doing it, in which case doing it can become policy. Anybody else does it (incl. banking corporations, the Federal Reserve which is Federal in name only, etc) they’re still outlaws, so don’t trivialize Ponzi activity by random convolution
Elements of a modern state, you say… total rubbish, your priorities
Sources of economic deficit: social security? Nope, that’s taxpayer money, not the State’s and certainly not for privateers to gamble with. So-called Defense, subsidization of and enslavement to the private pseudo-money, pseudo-asset-based banking system – now There’s A Deficit To Write Home About…
Money a bunch of zeroes – possibly, but only governments can issue money not private banks, which is what makes the parasitic state-within-a-state Wall Street slash Fed serial scam that led to the US TARP Ponzi worse than anything the alleged sinners of Europe have committed at this time, or are likely to.

Which brings us back to your conclusion: if money’s just a bunch of zeroes, none of this really matters at all then, does it? But carry on, anyway.

By: Stev

Stev — Fri, 14 May 2010 11:39:27 +0000

A trillion here a trillion there. To help put Gregg’s excellent narrative into perspective:

It takes a clock 32,000 years to tick 1 trillion seconds. Google it if you want proof…

Are we in the crap or what?

By: STORYBURNcom2

STORYBURNcom2 — Fri, 14 May 2010 00:23:52 +0000

Greek economy is toast. Say goodbye to the Ouzo!

http://storyburn.com

By: jimfin

jimfin — Thu, 13 May 2010 22:50:18 +0000

To WhatDebt – There is no “Federal Reserve” entity. This is a common misunderstanding. There is only the “Federal Reserve System”. This “system” – generally speaking – is an association of member banks. Member banks, generally, are owned by shareholders. Mr. Bernanke is Chairman of the Board of Governors of the Federal Reserve System not an actual bank. The Federal Reserve System is the exclusive concessionaire (i.e. fiscal agent or dealer) to the Government of the United States for the creation of “money”. The role of the Federal Reserve System beginning in 1913 and again in the early 1930′s under Roosevelt has been questioned by many as to whether its role is constitutional given that many argue that only Congress has the power to create “money” in the U.S. The Federal Reserve System creates “new money” every single day (including the way you described) and imputes new “promises” on the U.S. taxpayers – currently – without any oversight by a representative elected by the people.