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-   -   Ted Nugent looking hermit explains economy (http://www.genmay.com/showthread.php?t=846966)

SamFarber 08-24-2014 03:16 PM

Ted Nugent looking hermit explains economy
 
[YOUTUBE]ekdndviV1Gk[/YOUTUBE]

g|aSsJaw 08-24-2014 03:25 PM

no one is going to watch that

pyramid 08-24-2014 03:47 PM

He sounded pretty good until he got the part about FDIC insuring stocks. That's not how FDIC works.

[url]https://www.fdic.gov/deposit/covered/[/url]

SamFarber 08-24-2014 03:54 PM

[QUOTE=pyramid;25375157]He sounded pretty good until he got the part about FDIC insuring stocks. That's not how FDIC works.

[url]https://www.fdic.gov/deposit/covered/[/url][/QUOTE]

FDIC covers the banks who have invested the deposits in the market, maybe? If the market goes down they won't have the money to cover the deposits, right?

pyramid 08-24-2014 04:03 PM

fractional reserve banking has been around for hundreds of years.

I'm not sure how he calculated 10 years of work to pay off the debt. the Debt is only about 100% of GDP now.

He is correct about trickle down and about this starting with reagan tho.

not so sure how much profit the wealthy are making on super low return US bonds... unless you are a bank that could buy them by the billions with borrowed currency that the banks can borrow below the interest rate that the bond is paying out....

pyramid 08-24-2014 04:11 PM

[QUOTE=SamFarber;25375158]FDIC covers the banks who have invested the deposits in the market, maybe? If the market goes down they won't have the money to cover the deposits, right?[/QUOTE]

True. And banks are increasingly investing because they make more money on the market than from their primary role as lenders, which is why we [url=http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act]used to separate investment banks from savings and loan banks[/url]. That policy started after the great depression but was [url=http://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act]ended in 1999[/url]. This is part of the reason we had to bail the banks out, because the compounding shitstorm of all the money that could be owed due to such a crash exceeds the amount of money on the planet thanks to [url=http://www.globalresearch.ca/financial-implosion-global-derivatives-market-at-1-200-trillion-dollars-20-times-the-world-economy/30944]derivatives[/url].

pyramid 08-24-2014 04:21 PM

alright, I'm going back to watching this:

[YOUTUBE]OS0laJvgVxo[/YOUTUBE]

SamFarber 08-24-2014 04:37 PM

[QUOTE=pyramid;25375164]alright, I'm going back to watching this:

[YOUTUBE]OS0laJvgVxo[/YOUTUBE][/QUOTE]

Pretty good.

SamFarber 08-26-2014 03:53 PM

[YOUTUBE]pCLe3QRHuyI[/YOUTUBE]

pyramid 08-26-2014 04:30 PM

[YOUTUBE]s0VxGRWPh28[/YOUTUBE]

SamFarber 08-26-2014 04:39 PM

[QUOTE=pyramid;25375969][YOUTUBE]s0VxGRWPh28[/YOUTUBE][/QUOTE]

I remember as a kid seeing that movie on cable and thinking "if it is Never Ending I better not even start watching - ain nobody got time fer dat!"

pyramid 08-26-2014 04:49 PM

:lol:

pyramid 09-18-2014 12:45 PM

[HQYOUTUBE]M_3T-Af57Pg[/HQYOUTUBE]


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