Obama - Hear this while you can

yes exactly...we have to stop bailing these guys out

The american dollar from the information i have seen hasnt had value ever since our government turned it over to a private corporation to oversee our manufacturing process of the money,since in collateral we gave them all the gold that backed the dollar in the frist place. there is a video that talks about this that i would like anyone whos interested to checkout and yes its depressing sorry >> America: Freedom to Fascism not all of the video directly is relevant but it does point out the "phony" money and in general is a very informative movie to watch. I have very little economics knowlege but i am tired of the lack of intelligence i see at our most powerfull positions in this country. The movie also talks about taxes like the federal tax which is supposed to be a voluntary tax which is wrongfully imposed on the people with consequences of imprisonment and seizure of assets and property. I know if you dont pay them you will get in trouble so dont let it go to your head if you do decide to watch it. And i do agree with the previous poster who mentioned that the companies who received bailout money that didnt or are not using it EXACTLY the way it was set up to be used should be forced into repayment and left behind to fall. I see a lot of corrupt actions going on in our government but i dont fully understand all the actions and reactions that revolve with some of these situations or i would have much more to say. Hope you check that movie out and maybe post something whether it was relevant or not.

Here are the "real" facts about the "amero".http://www.snopes.com/politics/business/amero.asp

:o

Isn't it interesting that you have to see an interview by Russia Today (RT.com) to get the economic truth of our situation from a U.S. Economist. Click on to UTUBE and listen (and think) about what Peter Schiff has to say. Russia went through an economic collapse in 1998 and they know what it is like to be in one....here we go, get ready for the ride....and plant a garden while you can.

Letting go of illusions and taking hold of reality is beyond the grasp of our immediate gratification society. What is sad that they refuse to accept that "real" change must be made, and damn well won't be easy!

Build rail, internet, and sustainable energy infrastructure, and the rest will come.

And revitalized the urban centers.

It's a design problem, not a political one. Right-Wing libertarians can suck it.

XVX for life, R.A.S.H. 'til death.

Yes, the dollar will be history if foreign countries quit buying our national debt or.......

Congress can quit spending money it doesn't have.

On GPS today, Fareed declared Bush's biggest mistake was the first tax rebate which squandered Clinton's coming budget surplus. Add the Iraq war and Katrina, Enron, WorldCom, AIG, Lehman and America could be on the verge of bankruptcy.

Our government has no wealth (at least not near enough to pay the national debt).

Financial gain on phony money (derivative gambling, options gambling, futures gambling) may make a gain, but it's still gambling. If our country is going to rely on phony money gains for tax revenue, put enough aside for when you lose the bet so you can still pay your bills.

You know phony money, gambling finance house of cards business will fall, After all, it's gambling.

aaah, words of wisdom.

i have no clue about this guy's alleged conservative leanings, but who would be better to listen to than a wealthy white dude talking honestly about what's really going on???

share the wealth, don't squander it!

the dollar is already history...the amero is on its way!!!

trade your dollars for gold, silver, & copper!!!

This man is just an uber conservative, spewing his own type of banter and tugging on his own chain. He makes many valid points, but his thinking is so biased that he think anything different is inherently wrong. I don't necessarily agree with everything Obama has to say or intends to do, but I do believe there is more than one solution to every problem.

this guy also made the statement on cnn that government spending did not end the great depression world war II did. What was world war II if not the largest government spending program in history.

Predicting a bubble or the collapse of a bubble is like predicting Christmas... all economies expand and contract. It is the WHEN that matters. Saying something 4 years ago its too early to be relevant. That means he was WRONG for 3 1/2 years and vast amounts of money have been made during that period of time... and some of us kept it.

Dont worry about Obama he is a democrat he will not destroy the economy like Bush and the republicans have. The stock market always does better under democrat presidents any way .... sorry republicans look a the dow data.

The president has nothing to do with the FED, and any serious attempt to change it will be squashed quickly by others who profit.

The president has nothing to do with the FED, and any serious attempt to change it will be squashed quickly by others who profit.

Yes well, Paul Krugman also long ago predicted the housing bubble as well. It's not like Schiff is some sort of lone genius. Krugman, his degrees in economics and international trade, his Nobel Prize, and his 20 or so books recommend Obama spend like there's no tomorrow. I'm going with Krugman.

How 'bout returning the taxpayers money to the taxpayers. I can't take care of my property (property I could afford to buy) but because of the outragious taxes I cannot afford to pay; my property may be sold for taxes. And believe me I trying.I just want what is rightfully mine, not a hand out, just make the government quit raping the taxpayers.

Yen
Euro
Pound
&
HK DOLLAR
SK WON..

I'm taking Euro's.... i will not get enough...but hey...its what i can do...

I agree that the government should never have given any money to the failed banking corporations and auto makers. Poorly run companies go out of business, as it should be. I say let the giants fall and make room for new, smaller businesses. That is how almost every company starts. Let new businesses come in, if they are good at what they do, they will become the new giants, and when they fail, more new businesses will come in, etc etc etc. The government really does need to bow out and let the chips fall where they may. If the American auto business becomes non-existant, then it is our own fault and we reap what we sow. Same with the banks. That bailout money should be distributed directly to the suffering people who have or are about to lose their homes. Pay off the bad mortgages and let the people start fresh, not the corporations. As we've seen already, none of the big banks have used any of the bailout money for what they said there were. They should be required to immediately give back those funds and file bankruptcy and go away forever.

The bail outs will only prolong this economic downfall, just like Roosavelt prolonged the deprssion by throwing taxpayers money at failures. The war saved the econony with production and rationing (being frugal and not frivilous). The bail outs are rewarding FAILURE. When you fail at what you do you change your approach. No one throws money at you for failure (except the government). Quit taking money from those who succeed and throwing it at failure.