36 votes

David Stockman: Ben Bernanke is finished!

Former CBO director David Stockman talks to Dylan Ratigan about the Federal Reserve’s acknowledgement of disappointing growth, higher inflation and a weakening labor market.

http://youtu.be/GHLjoAI2-iQ

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Please send Dylan a thank you for waking people up!
 Dylan@DylanRatigan.com

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Very worthwhile interview of David Stockman.

He knows how government finance works.

Search: Stockman "by Mark Twain" DailyPauul

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

So funny to me that the one

So funny to me that the one quote they had from Bernanke said "we expect". I watched him once, and just about ALL I heard was "we expect, we think that, we anticipate, we feel that, we hope this, it's probable that"..on and on without ANY semblance of KNOWING what they were doing..

great!

great!

a new bernanke a would

be a step back right now. don't need a new savior in that position

David Stockman...

... what a guy. Telling it like it is. That was amazing. he knows his subject. Correct, GE had $600 billion with a "B" in debt (still has $400 billion), while executives each took home $20 million a year. And when the stock dropped below $10, they issued themselves another humongous round of stock options, now worth hundreds of millions of dollars. Wall Street and its friends are doing just fine. What a bunch of crooks we elected to Congress... and are still doing.

Plano TX

These are the types of people that the Ron Paul

team needs to reach out to, and try and get on board! Stockman should be a part of the Ron Paul Economic Team. The campaign needs to do something to create buzz, to get a headline or two. It's simple politics. He could pull in Napolatino for a postition, and now Stockman clearly shows experience (and might add Reaganesque to the campaign).

alan laney

Yes. These people should be part of the dream team.

Surround yourself with intelligent common sense people and eventually they cannot marginalize everyone.

beephree

I can use your help ...

I started a new petition for the Impeachment of Barack Obama the address is here, Please share it with as many people as you can

http://www.change.org/petitions/time-to-impeach-barack-obama

Check your

Check your dictionary....

Petition=Prayer, and can be answered, yes, no, or totally ignored without comment.

Constructive Notice however REQUIRES a change of policy or an answer.

God bless.

YOUR servant for freedom, Clay Carey

Keep Speaking The Language of Kings to Those So Long Held As

Slaves! Eventually it will sink in.

I am not a voter, I am an elector
I am not a resident, I am a dweller or inhabitant
I am not a person, I am a creditor to a person
I am not an individual, I am a Man
I cannot file, petition, apply for, or submit to anything because I am not a file clerk or officer of the United States!
I am not Mr. Anderson, I am Neo!
I am not a driver, I am a traveler

I am not of this world but merely a visitor here. Good work Clay.

I would like to add Notice of Understanding With Lawful Intent. File that clerk!

The Oracle

Lawyer's, speak thier own

Lawyer's, speak thier own language.....
Thier ONLY purpose is to stand between you and the king (judge) to speak FOR you because YOU are incompentant.

"All the extravagance and incompetence of our present government is due, in the main, to lawyers, and, in part at least, to good ones. They are responsible for nine-tenths of the useless and vicios laws that now clutter the statute-books, and for all the evils that go with the vain attempt to enforce them. Every Federal judge is a lawyer. So are mostCongressmen. Every invasion of the plain rights of citizens has a lawyer behind it. If all lawyers were hanged tommorow, and their bones sold to a mah jong factory, we'd be freer and safer, and our taxes would be reduced by almost half."

H.L. Menchen, "Breathing Space," The Baltimore Evening Sun (Aug 4, 1924)

Sadly, most who read the above quote will piss it off and not give it any thought. We cannot change what is to come, and I would not presume to do so. I can only (at best) try to follow in the foot-steps of another who spoke a message of FREEDOM. With help and blessings, perhaps I can help free some souls from our court system?

P.S. Ticketing officers REALLY don't like it when you Take all of THIER electronic media away, because "it might show bias on thier part".

P.P.S. Damn, I wish I had a

P.P.S. Damn, I wish I had a phone # for you.
If you ever find yourself in S.W., Missouri, you've got a house and a home.

Is HVATEC In Your Neighborhood?

Might want to email him. Told me he's passing through Missouri today. Might like to meet you.
I'll be along to see you guys in good time.

The Oracle

Don't know. If you can

Don't know. If you can contact him, my # is 417-345-0069, tell him to call, I'll grill him lunch (or supper).

YOUR servant for freedom, Clay Carey

Excellent discussion

It's nice to see this kind of thing on MSM

Not only in jail!...

Every stockholder who profited from the Fed, every banker who received or created fiat through deficit financing (which is most banks), every recipient of fiat money creation through the fraud and theft Keynesian thinking, and every foreign bank and entity who received the people's wealth transferred through this means... all of them should have their assets attached and seized, dating to the creation of the crime... 1913!

Such wealth did not come into existence out of thin air, but it was stolen from the labor, wages, savings, gold, and other forms of God given fruit of labor, belonging to the people to whom it was God given. The theft through all these means, is not only considered an abomination by God Almighty, but it represents the epitome of the founders hated activity embodied in the first money act. That act required CAPITOL punishment upon conviction! It is one of only three constitutionally proscribed crimes calling for the death penalty!

All those criminally acquired assets, returned to the people from whom they were stolen, a doable computer algorithm no doubt, would go a long way to returning calmness and justice to America, though it cannot atone for the misery caused, such as loss of life in sorrow, in wars of gain, or in infants thought useless.

My Two Cents, Make Them Pay Back What They Embezzeled From

Us and spent. If it takes them a thousand years picking up litter. With the Master Race's multi millennial quest to achieve eternal life nearing medical fruition, why not keep them alive for a thousand years???
And make them pay back every red cent they stole. The medical technology already exists to keep all but the very oldest of the vampires alive for a thousand years. Read Live Long Enough To Live Forever, it's already here, why do you think kissenger is still breathing?

Death, imprisonment, or banishment all let them out of paying back their debts to us for their heinous crimes.

I say make them pay back every red cent. Thanks to their relentless quest for corporeal eternal life they may get their wish to live a thousand years, only as our slaves not as our masters.

I look forward to the day, the day that they start to repay what they have stolen from generations of my family. For my grandparents and great grandparents who also lived in America as debt slaves, I vow to recover the shares of my inheritance taken from you during your bondage.

The Oracle

Blackberry Panic of 2008

A brilliant characterization by Mr. Stockman of the bailout of corporate irresponsibility by the American taxpayers. Other than eliminating the central bank, we need an interim chairman with the tenacity to do as Volker did around 1980. Hard financial times lie ahead.

Half of Washington should be

Half of Washington should be in prison for what they've done to this country.

Kick Ass Validation

of Dr. Paul and sound economic policy. Thank you sir.

beephree

Magnificent! Distribute far and wide

This one admission could finish the US political establishment, including both parties and the Federal Reserve.
Keep in mind, until very recently, General Electric owned NBC, MSNBC and CNBC,and CEO Jeffrey Immelt now works for Barack Obama.

Stockman continues to lay

Stockman continues to lay waste to the conventional wisdom. Good interview.

FINALLY! Who's Crazy Now?

That was the most illuminated conversation about the economy I've heard from anyone outside the Ron Paul campaign. Next to them, Ron Paul sounds like an economist who knows what he's doing, and no one could mistake him for a crack-pot even if they were completely ignorant about economics.

What do you think? http://consequeries.com/

Illegal labor

does in NO way save senior citizens.
Illegals do NOT contribute.

Un-Employment do to illegal Labor never on Radar?

The thing that gets me about these shows is they get to talking about what wrong with the system and they can point out multiple problems with the economy, But the effects that illegal labor and high unemployment in the work force is not even on the radar. Never!!!
Its like we don't even count if it ain't about the love of Senior Citizens they could care less, I mean after all thats why bush wanted Illegal labor in the first place to make life easer on our Senior Citizens and their US Chamber of Commerce Business Class. Most which seem to retired union people who want a small shop in their senior years. This Bail out we just had saved their behinds and the sorry bastards still want Illegal labor.?? they have lost their collective soulless minds the Greedy little pricks..

Clinton/Bush/Obama: Centrist losers with their hand held out looking for a Government Bail Out Program to keep their Dividend checks propped up with Artificial Stimulus "False Profit. Welfare for stock market Gamblers.

"They took our jobs!"

I think the reason its not mentioned is because its just propaganda. When the economy first started falling the Government needed to find someone to blame it on. Illegals just became a scape goat for these failed economic policies. In the south west (saw this report about a year ago) there are some fruit picking farms that need workers so bad that they need to hire illegals because they can't find any Americans that want to do that work?? Some come to work and stop showing up because the work is hard. I think that shows the collective soulless minds of half of America.

If our economy was thriving we would welcome cheap labor into this country, just as we always have. The entitlement systems, education, and healthcare all need to be reformed as to not give stuff to people that aren't citizens.

aliens

We use to have laws around here that made sure someone would have to show ID before the could rent a home get a loan get a drivers license. Most of those laws were changed shortly after a flood of Illegal
aliens got here.

Another big law they changed : it use to be if you did not have health ins. You could not get help at the local Hospital Emergence room now Illegal aliens my get help at the tax payers expense while a legal citizen has the right to lose every thing he's got.

Most of the illegal labor use to be working in yard work land spacing ,construction that screwed a lot of our wage levels down here in SC our wage level is already low. Once some of the small factory owners saw that ICE was not going to do any thing around here. They started hiring aliens to work there to.

They are still here working someone needs to do the Job ICE want do.

Clinton/Bush/Obama: Centrist losers with their hand held out looking for a Government Bail Out Program to keep their Dividend checks propped up with Artificial Stimulus "False Profit. Welfare for stock market Gamblers.

Short-sighted

The problems of illegal labor haven't been solved because the politicians are short-sighted about it. Illegal labor is not preferred over legal labor, it is preferred over bankruptcy.

This is true not only for employers, but for employees.

No one I've ever known prefers illegal labor over legal.

It will go away naturally and easily as soon as the causes are recognized and corrected.

It is not as simple as having 20 workers for 10 job openings and trying to prevent some of the 20 from working illegally. Illegals are consumers, too, and they make jobs as well as take them, so that's not the solution.

Prohibition doesn't work: we prohibit drug dealers, but they make money anyway, just as we prohibit them taking other jobs. If you needed a job to eat and feed your family, you'd take it, even if it was illegal, wouldn't you?

EVERYTHING they just said in the video was about the CAUSES of unemployment. Anyone talking about promising new jobs and ending illegal workers, who does not understand what they just said, has no idea what they're doing. Don't listen to any politician or economist who says that illegals or lack of jobs is the problem. They are merely the symptom.

What do you think? http://consequeries.com/