by the Left Coast Rebel
Beck's show is one of the only that I try to consistently tune into, typically via DVR. This from yesterday, parallelling my Dollar Demise post -
UPDATE: Today via Memeorandum, I am reading via. the Wall Street Journal that central banks in Asia are intervening as the dollar tumbled more in trading today.
Glenn Beck - Demise of the US Dollar
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Beck nails it again. We are destined to collapse through corruption, and it's all part of the plan designed by the traitorous Democrat party.
ReplyDeleteMy god, I feel sick and nausous and I don't think it's from the nearly fatal food poisoning I got 3 days ago, but from having a bunch of dots that I failed to connect to realize we're in more trouble than I thought. As I often say, printing money doesn't cause inflation and monotory devaluation. Corrupt government does. It used to be that if officials got caught, they paid a price. Not now. Rangel has just gotten away with a big one. Now bagged down in Afgahnistan with Osama using the same techique he used on the Soviet Union, why are we expecting different results and especially with an Islamic sympathizing Prez and treasonous press that the Soviets didn't have? My God, we are in serious trouble.
ReplyDeleteThis country is doomed...
ReplyDeleteIts doomed when intelliegent people use Glenn Beck, an enertainer, to formulate economic policy.
Its doomed because its citizens all of the sudden wake up, only when a liberal black is elected president, to realize that their economy is in shambles, their currency is worthless, and they are bogged down in a war that cannot be won...
Hellow, sheepies, your economy was turned into an investors candy store by supply side economics, your currency has been sinking since long before Obama ran for office, and Afghanistan was a sure disaster from the day we focussed our attention on Iraq.
I guess if McCain had been elected everyone would have kept sleeping and things would just be so much better...
@ Nickie - I hope you are wrong.
ReplyDelete@ Madmath - Right there behind you, my head is spinning as well.
@ TAO - A couple things here. First, I know that you are an adamant foe of supply side economics. I read your blog and know what you think. I disagree 100%, regardless however, I don't feel the need to comment and use name calling. You are totally entitled to your opinion and I know that it's a waste of time to debate things on which we are diametrically opposed.
Likewise, if you had a video of Olbermann up, I wouldn't call you or your readers sheepies, morons, etc.
I know you are a highly intelligent guy and listen to your views at your site. Obviously Beck is hated by many and honestly his opinion here makes me want to be a bit of a contrarian, (because I have been an investor for years), he does have valid points though.
McCain would not have been much worse for the country either IMO.
This country is doomed...
ReplyDeleteIt's doomed when people use the race card to intimidate people into agreeing with policies that are destroying our economy.
It's doomed when all of a sudden those who realize they have the power to serve their own agendas will do so whether the people want it or not and will surrender to those who wish to destroy this great nation. All in the name of diplomacy, of course. You cannot negotiate with those whose sole mission in this life is to see you dead.
Hellow, sheepies, your economy was turned into a train wreck by forcing banks to lend to people who couldn't secure loans under the capitalist system, your currency has been depreciated because of massive spending and those who seem to think that you can just print money without any economic consequences, and Afghanistan was a sure disaster because we haven't dropped a nuke in the mountains bordering Pakistan to wipe out Al Qaeda.
I guess if we would all just agree with Obama things would just be so much better...
The Dollar is going south. In yesterday's misery index post, I pointed out that in the last few months, inflation has taken off at an alarming rate, totally making up for the drop in gas from $4.00 a gallon to 2.40 a gallon last year. Such a drop in gas prices should have cut prices of everything in half on top of further reductions in prices because of decreased consumer activity. That has gone totally unnoticed and unreported in the media. That is why the stock market is going up while the economy is sagging. Take any investments you have and either buy tangible assets or go into foreign currency or gold because the runaway train of the crashing dollar has already taken off.
ReplyDeleteLCR,
ReplyDeleteI have been a contarian for years...I started by gold way back in 2001, in fact I can date my first purchase to the week after 9/11. The same holds true for playing commodities and buying stock in oil companies (oh, and Haliburton).
Since the internet bubble there really hasn't been a thing in the US worth investing in from my perspective. We have watched the stock market go through its little gyrations and it seems to be disonnected from what I see in the world around me. When you cannot see stock market gains in your local economy then something is wrong with the stock market and basically what is wrong with it is that you have too much money chasing too few opportunities.
LCR,
ReplyDeleteYou will never find an Olbermann video on my site, because I am not a fan of Olbermann and I am not a liberal....but I understand that in the world today, ones support of Obama determines ones political identification. Realistically, its all not that simple.
Lets take the issue of the mortgage meltdown, everyone here sees it as governments attempt to make it feasible for deadbeats to own homes and the banks were forced to change their policies. If that was the case then we should have seen homeownership numbers increase dramatically but we did not: it only went up about 3%. What we did witness is a lot of land speculators, home builders, banks, and realtors make a whole lot of money very easily.
Now, we have those folks who did win out big because they all got paid and now we have fannie mae and freddie mac along with a whole lot of homeowners declaring bankruptcy.
You want to point at those who lost and I am trying to get you to look at those who made out.
You want to see government benefiting those who are unable to do so themselves and I say look at as if the government uses those who cannot do for themsleves to benefit special interests.
The result is the same for you and me because we refuse to play that game and have different beliefs (I personally would rather cut off my hand than ask the damn government for a thing) but I know lots of business folks that will line up and demand freebies from the government all day long and they are more apt to get it because they contribute to the political parties.
TAO:
ReplyDeletePeople didn't wake up because the president is black, but because he is a fabian socialist at best. He's also a nightmare of incompetence, regardless of where he went to school.
As far as the economy goes, it really hasn't been capitalism, but a form of corporatism. THe thing is, when a company screws up, it needs to go away. Regardless of ideology, in both wall street and in government, mediocrity is rewarded, and may be that's the real problem.
As far as gold goes, if we used some sort of gold standard, it would keep federal spending in check better than our ability to print money is doing.
As far as Glenn Beck goes, he's a big boy and can stand up for himself. i would also add that considering the morons we have in congress, Glenn Beck certainly couldn't do any worse.
@ TAO - The essence of corporate welfare and something that we totally agree on. I would abolish corporate welfare if I were president, in fact it would be the top priority. Good debate points and no name calling :).
ReplyDeleteThe trouble is not one single candidate or party is willing to stand up and acknowledge corporate welfare/corporatism.
ReplyDeleteWhile we can point at unions and at entities like ACORN, no one goes on and on about how corporations and their lobbyists have done more to strangle free enterprise, competition and economic growth in this country.
Kentucky has a program where they give a company millions of dollars as a 'loan' and this 'loan' is paid back by the state income tax generated by the employees of said company.
Nothing like making employees pay for their jobs!
If you are sincere about bringing capitalism back to this country then start with corporations.