How The Hell Did Wall Street Get An Extra $16 Trillion? Bernie Sanders Explains.

[LAM]

 

[Ichigo]

Im speechless.

 

[ReadyFW]

16 Trillion... Wtf

 

[LAM]

16 Trillion... Wtf

it was discovered by an audit of the FED by the GAO of which they released a report in 2011. Needless to say this never made it to the lamestream media outlets.

the data is on page 131.

GAO Fed Investigation

 

[LAM]

Im speechless.

we live in the bizarro country.

 

[dieseljimmy]

we live in the bizarro country.

This is what happens when your economy's only measure of success is GROWTH. Unethical behaviors motivated by greed run rampant.

 

[IronAddict]

X 10000

 

[LAM]

This is what happens when your economy's only measure of success is GROWTH. Unethical behaviors motivated by greed run rampant.

and when the change the meaning of words, because now debt = growth

the US financial sector only creates one thing, economic downturns/recessions...

 

[dieseljimmy]

and when the change the meaning of words, because now debt = growth

the US financial sector only creates one thing, economic downturns/recessions...

Yeah debt is the only way to balance a lack of true growth.
nothing grows for ever it's against the laws of physics.

 

[Swiper]

the US financial sector only creates one thing, economic downturns/recessions...

yeah we need to get rid of the private financial sector and replace it all with govt because govt never has anything to do with creating recessions,

 

[Swiper]

at least Bernie has the balls to come out and admit he's a socialist.

 

[LAM]

at least Bernie has the balls to come out and admit he's a socialist.

still using words you don't know the meaning of?

 

[LAM]

yeah we need to get rid of the private financial sector and replace it all with govt because govt never has anything to do with creating recessions,

is that how your brain cell interprets that statement? if so it would explain why gaining knowledge seems to be out of grasp for your intellect.

 

[Swfl]

still using words you don't know the meaning of?

please define the follown words so us uneducated retards can understand...

Socialist
Statist
Comunist
Democrat
Lberal
Conservative
Libertarian
and any other important ones i might have missed. this way we can TRY to get somewhere near your level.

Thanks

 

[LAM]

please define the follown words so us uneducated retards can understand...

Socialist
Statist
Comunist
Democrat
Lberal
Conservative
Libertarian
and any other important ones i might have missed. this way we can TRY to get somewhere near your level.

Thanks

try using merriam websters vs right wing politcal media outlets for a start

 

[Swfl]

oh so you dont know. my mother always told me to keep quiet if i didnt know what i was talking about. guess you never got that lesson...

 

[Swiper]

still using words you don't know the meaning of?

wtf are you talking about? he's a self admitted socialist. are you that dumb you don't know this?

 

[Swiper]

is that how your brain cell interprets that statement? if so it would explain why gaining knowledge seems to be out of grasp for your intellect.

i know how you think. the real sad part is you won't even admit you're a socialist.

 

[LAM]

i know how you think. the real sad part is you won't even admit you're a socialist.

your blind ideology has made you retarded. I pity you and your radical brain that only deals in absolutes, your like a child.

my guess is you don't know or even understand the flaws of Milton Friedman's monetary theory that was instituted in the 80's.

pray tell what effect does doubling he monetary base have every decade when the population is only growing at 1/10 that rate?

St. Louis Adjusted Monetary Base (BASE) - FRED - St. Louis Fed

* where did all of the money go? it certainly wasn't "distributed" down the income ladder. during what period of time did the DOW & NASDAQ exchanges rapidly grow again?

now STFU because you have not a single clue about finance, economics or any economic theory used in the present or past. your right wing economic policy is nothing more than vulgar Keynesian and money printing but you just can't see it because you simply lack the intellect.

 

[Getbig2]

I dont know if you guys have figured it out yet, but were all in the wrong business, I need to run for politics, or become a banker, or investor. Thats where the perks are lol

 

[Swiper]

your blind ideology has made you retarded. I pity you and your radical brain that only deals in absolutes, your like a child.

my guess is you don't know or even understand the flaws of Milton Friedman's monetary theory that was instituted in the 80's.

pray tell what effect does doubling he monetary base have every decade when the population is only growing at 1/10 that rate?

St. Louis Adjusted Monetary Base (BASE) - FRED - St. Louis Fed

* where did all of the money go? it certainly wasn't "distributed" down the income ladder. during what period of time did the DOW & NASDAQ exchanges rapidly grow again?

now STFU because you have not a single clue about finance, economics or any economic theory used in the present or past. your right wing economic policy is nothing more than vulgar Keynesian and money printing but you just can't see it because you simply lack the intellect.

Keynesian economics is a joke just like you and your socialist views.

 

[bmw]

I dont know if you guys have figured it out yet, but were all in the wrong business, I need to run for politics, or become a banker, or investor. Thats where the perks are lol

this is the fucking truth.

 

[LAM]

Keynesian economics is a joke just like you and your socialist views.

that's all you have? you can't answer one single question in post #19 yet you insist in flapping your gums about a subject you know absolutely nothing about.

you see 2 types of people defending the US financial sector, those that work in it and those that know nothing about it.

* always talking about socialism and capitalism. but you couldn't explain either if you life depended on it. as i'm sure you can't name one single difference between mercantilism or capitalism.

so who's really the joke?

 

[Swiper]

that's all you have? you can't answer one single question in post #19 yet you insist in flapping your gums about a subject you know absolutely nothing about.

you see 2 types of people defending the US financial sector, those that work in it and those that know nothing about it.

* always talking about socialism and capitalism. but you couldn't explain either if you life depended on it. as i'm sure you can't name one single difference between mercantilism or capitalism.

so who's really the joke?

you.

 

[LAM]

you just can't deal with the facts that your wrong about everything when it comes to economics. never ever backing up any of your statements with any empirical data only right wing ideology from politicians and pundits. the complete lack of detail is a hallmark of your utter lack of understanding this and many topics. only reciting the latest "buzz words" from right wing media outlets like a good parrot.

denial and ignorance is a mother fucker.

 

[Swiper]

you just can't deal with the facts that your wrong about everything when it comes to economics. never ever backing up any of your statements with any empirical data only right wing ideology from politicians and pundits. the complete lack of detail is a hallmark of your utter lack of understanding this and many topics. only reciting the latest "buzz words" from right wing media outlets like a good parrot.

denial and ignorance is a mother fucker.

Are you still upset because Keynesian economics had been debunked? Keynes was more of a political strategist than an economist.

 

[LAM]

Are you still upset because Keynesian economics had been debunked? Keynes was more of a political strategist than an economist.

and supply-side economics is based on mythology, which is why there are no formulas or mathematical models. you simply cut taxes and "magically" there is economic growth. but the "consequences" and types of growth or the deficits are somehow not a function of those tax cuts. supply-side economic theory was a function of the political right and media in the US and not the work of economists.

it's called economics for idiots...

the private sector has had full run of the US government and politics the past 40 years and what has happened in that time frame? deficits, recessions/wealth transfers, the decline of the middle class and increase in poverty. but in the mind of the radicals the private sector can do no wrong, it's "all" the governments fault. because that's funny it was working just fine until Reagan and the neo-cons came into power.

 

[Swiper]

and supply-side economics is based on mythology, which is why there are no formulas or mathematical models. you simply cut taxes and "magically" there is economic growth. but the "consequences" and types of growth or the deficits are somehow not a function of those tax cuts. supply-side economic theory was a function of the political right and media in the US and not the work of economists.

it's called economics for idiots...

the private sector has had full run of the US government and politics the past 40 years and what has happened in that time frame? deficits, recessions/wealth transfers, the decline of the middle class and increase in poverty. but in the mind of the radicals the private sector can do no wrong, it's "all" the governments fault. because that's funny it was working just fine until Reagan and the neo-cons came into power.

the private sector had a full run on govt because they let them = govts fault.

just fine until Reagan? lol did you ever hear of jimmy carter? oh wait you cant speak badly about him because he's a democrat. you're nothing but a blind sheep in the heard. move along.

 

[Zaphod]

you're nothing but a blind sheep in the heard.

Oh, the irony.

 

[LAM]

the private sector had a full run on govt because they let them = govts fault.

just fine until Reagan? lol did you ever hear of jimmy carter? oh wait you cant speak badly about him because he's a democrat. you're nothing but a blind sheep in the heard. move along.

Carter had to deal with OPEC oil shock when the price of crude doubled due to Nixon taking the dollar completely fiat along with his peace time price/wage freezes which carried over into the Carter admin. interest rates out of the FED were also extremely high so housing construction/sales plummeted.

stop talking bout politics or US history because you don't have a single clue about either of them.