Florida Surfer

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antigovernmentextremist:

Rick Santelli vs. Conventional Ignorance

I knew when I watched this exchange between Rick Santelli and Steve Liesman that Peter Schiff would have great commentary to chip in with and I was right.

What I think is so interesting about this whole thing is how Santelli and Schiff are basically taking the side of Austrian economists with regards to speculative asset bubbles that lead to crippling booms and busts.

At the end of the day, it was cheap money that got us into the housing bubble and it’s cheap money that’s been the Fed’s response to the crisis. Artificially low interests rates does a few things: It pushes money into the stock market and other assets (like real estate) in search of a decent return. The growth in the stock and bond markets over the last five years provides the illusion of recovery when it’s really just a multi-trillion dollar stock and bond stimulus program which disproportionately benefits the upper-income brackets. It also incentivizes lending by making it cheaper for people and corporations to borrow. You might remember that ground zero of the financial crisis was the subprime market for home loans, which was ultimately spurred on by the Fed’s cheap money policy (as well as bipartisan “everyone deserves to own a home” initiatives).

The financial crisis is almost a perfect case study in Austrian Business Cycle Theory which attributes booms and busts to cheap credit that misallocates resources from productive ventures. The Fed’s only tools are to keep interest rates low and to print money, and that’s just what it’s done in the wake of the crisis. Political incentives rule short term pain (liquidation of the debt, higher interest rates, high unemployment) completely out of the picture leaving only the option of reinflating the bubble again and again. We saw this strategy after the dot com bubble burst and Keynesian shill economist Paul Krugman advocated for the Fed to inflate the housing bubble in response. And when the housing market collapsed and spread to the entire financial sector the only palatable political response was to paper over the structural issues in the economy with cheap money and bank bailouts. An excellent point both Santelli and Schiff make is that the Fed is still acting, a full five years later, as if the U.S. economy were recovering from the brink of catastrophe. Interest rates are still minuscule and QE is just barely being scaled down. The markets go into a tizzy anytime Yellen mentions that maybe the Fed’s asset purchases might slow down or maybe interest rates will start to creep back up some two years down the road which would be a full 7 years after the onset of the financial crisis. 

Schiff goes into it in much better detail in the video above.

For a quick intro to the Austrian Business Cycle Theory check out this short LearnLiberty video.

Related:

Well said!

http://pokathontas.tumblr.com/post/92242863025/im-sick-of-looking-at-the-founding-fathers-fuck

floridasurfer0701:

rightsideofpolitics:

gayfemidude:

rightsideofpolitics:

pokathontas:

I’m sick of looking at the founding fathers. Fuck that. Fuck that whole nonsense. I’m sick of being brainwashed to believe these white men (yes that is a crucial part) know what’s fucking best. I’m sick of seeing Thomas Jefferson’s picture everywhere like that’s enough to negate any argument….

Try reading the Constitution!!

Understand what our founding fathers gave up for us!!!!!!


Those Rich Old White Guys: http://youtu.be/4MC37aIRX5c

You know that the constitution, when it was first written was a flawed document that only guaranteed freedom to white men right?

So what the hell did they give up?? It surely wasn’t their slaves.

The original Bill of Rights are the same ones we follow today.
Which one of the Bill of Rights are flawed?

Which part of the Bill of Rights doesn’t apply to you?

Some history…

The US Constitution is an anti-slavery document (…: http://youtu.be/FB5sLh8ZusQ


Did you know about this?

Modern Day Slave Trade By Arab Muslims: http://youtu.be/z2ZR46UGAB4


You do realize slavery wasn’t knew when America was established.

The Truth About Slavery: Past, Present and Future: http://youtu.be/31E1gHowYcA

So my friend when you condemn slavery as I PLEASE don’t start and stop with the United States of America.
Thank you for your input and God bless.
Wayne

Don’t forget that they were risking their lives because the Crown (aka King George lll) would have them all hanged for treason if he was able to get his soldiers to them, or won the war. Nathan Hale is an example who is famous for his words, “I only regret that I have but one life to give for my country,” right before he was hanged by the British.  

Jefferson and others actually didn’t like slavery that much. He discusses it in some of his writings. George Washington came around to accepting that slavery is not exactly a good thing later on in his life. Do some real research on those writings, and their actual feelings/thoughts/opinions of slavery! (..or at least attempt to prove me wrong!) Its not like it could suddenly be outlawed at the time. It was the social norm, and to be an outside thinker at that time on something that was so prevalent is remarkable. This is the same country that went to war (very bloody war too) with itself over the very issue of slavery! Look it all up!

It is extremely woeful to judge history based on present-day standards!!

And in regards to the US Constitution….

To those who say its old, or unimportant anymore, or something along those lines:

The Founders did their homework on world history, political economy, and government itself. They created something that had never been done before in the entire history of the world (thats some brass balls right there). 
Several significant documents in history were put into it.

The Magna Carta (1215) - paved the way for common law and due process as well as a foundation for liberty against arbitrary power wielded by a government or tyrant(s). 

 Two Treatises of Government by John Locke (1689) - advancement of the principle of the consent of the governed and the government to serve them [all the citizens] by protecting their rights of life, liberty, and property. 

Polybius’s treatise of the Roman Republic (200 B.C.) -  for separation of powers in government pushing against one another to prevent tyranny. The modern-day checks and balances 

The Iroquois nation’s Great Law of Peace (circa 1451AD and 1744) - they had a political confederacy and democratic government, and Ben Franklin and others learned from the strengths and weaknesses of that government model. 

English Bill of Rights & the Glorious Revolution in the UK (1688 & 1689) - The English Bill of Rights was written after the Revolution, and ever since then, the monarch never held absolute power in the UK. Gave birth to jury trials, right to bear arms, prohibit excessive bail, outlaw cruel and unusual punishment, 

Virginia Charter of 1606 (1606) - This had many influences to common law. Later, William Blackstone published at Oxford a very influential book Commentaries of the laws of England which focused on four parts: rights of persons, the rights of things, of private wrongs and of public wrongs. 

Indirectly: Plato’s book The Republic (380 B.C.) - This got the ball rolling on the problems of mixed government, and was later discussed by Polybius and arguing for the separation of powers. To shorten the timeline, this bullet point is leads up to the States Rights provisions/10th Amendment via Ancient Greco-Roman period, Renaissance period, and English philosophy and models. 

————————————————————————————————————-

So if its too old, or “just done by a bunch of rich white guys,” or whatever, then you are too ignorant to realize how foolish that statement is when you look at how and why it was formed the way it was. 

These guys vetted and debated for a long time, and carefully crafted something that the world would never forget. If these guys were demi-gods, they could do no more in creating such a document for government. 

http://pokathontas.tumblr.com/post/92242863025/im-sick-of-looking-at-the-founding-fathers-fuck

rightsideofpolitics:

gayfemidude:

rightsideofpolitics:

pokathontas:

I’m sick of looking at the founding fathers. Fuck that. Fuck that whole nonsense. I’m sick of being brainwashed to believe these white men (yes that is a crucial part) know what’s fucking best. I’m sick of seeing Thomas Jefferson’s picture everywhere like that’s enough to negate any argument….

Try reading the Constitution!!

Understand what our founding fathers gave up for us!!!!!!


Those Rich Old White Guys: http://youtu.be/4MC37aIRX5c

You know that the constitution, when it was first written was a flawed document that only guaranteed freedom to white men right?

So what the hell did they give up?? It surely wasn’t their slaves.

The original Bill of Rights are the same ones we follow today.
Which one of the Bill of Rights are flawed?

Which part of the Bill of Rights doesn’t apply to you?

Some history…

The US Constitution is an anti-slavery document (…: http://youtu.be/FB5sLh8ZusQ


Did you know about this?

Modern Day Slave Trade By Arab Muslims: http://youtu.be/z2ZR46UGAB4


You do realize slavery wasn’t knew when America was established.

The Truth About Slavery: Past, Present and Future: http://youtu.be/31E1gHowYcA

So my friend when you condemn slavery as I PLEASE don’t start and stop with the United States of America.
Thank you for your input and God bless.
Wayne

Don’t forget that they were risking their lives because the Crown (aka King George lll) would have them all hanged for treason if he was able to get his soldiers to them, or won the war. Nathan Hale is an example who is famous for his words, “I only regret that I have but one life to give for my country,” right before he was hanged by the British.  

Jefferson and others actually didn’t like slavery that much. He discusses it in some of his writings. George Washington came around to accepting that slavery is not exactly a good thing later on in his life. Do some real research on those writings, and their actual feelings/thoughts/opinions of slavery! (..or at least attempt to prove me wrong!) Its not like it could suddenly be outlawed at the time. It was the social norm, and to be an outside thinker at that time on something that was so prevalent is remarkable. This is the same country that went to war (very bloody war too) with itself over the very issue of slavery! Look it all up!

It is extremely woeful to judge history based on present-day standards!!

Because I have a small part of Cherokee Native American, I have the ability to tan really well, but with a red tint to it. This DMV camera just happened to pick up the tint slightly more than normal. There’s a Redskin for you, and I do not find the name Washington Redskins offensive. 

Because I have a small part of Cherokee Native American, I have the ability to tan really well, but with a red tint to it. This DMV camera just happened to pick up the tint slightly more than normal. There’s a Redskin for you, and I do not find the name Washington Redskins offensive. 

Loss of Property Rights: US Patent Office stripped Redskins trademark

Loss of Property Rights: US Patent Office stripped Redskins name

Obama and his minions have been pressuring the NFL to change the name of the team Washington Redskins. They deem the mascot name, “Redskins,” to be a racial slur. This comes out despite some schools on Native American/Indian reservations having that same mascot name, and 30% of Native Americans/Indians to find that name offensive… clearly not a majority.

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Someone had to say it… “Look in the mirror, America!”

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Someone had to say it, and I’m glad I could bring the words to you…

from Zerohedge:

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Submitted by L. Todd Wood of LToddWood.com,

Listening to the media gleefully hype the numerous construction flaws and rumors of corruption at the Sochi Olympics, I couldn’t help thinking that Americans in general have no clue about Russia.  Since I spend a lot…

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