Comments on: Dave Brownlow, Jim Rogers on U.S.’s expropriation of mortgage giants

By: inDglass

inDglass — Wed, 10 Sep 2008 02:54:52 +0000

I saw in the paper that the automakers are seeking $50 billion in loans. While not the libertarian solution, loans are a far cry from what’s happening with Fannie/Freddie. If there is to be welfare of any kind, it seems like loans would be the least evil route to go.

By: Spence

Spence — Tue, 09 Sep 2008 03:39:03 +0000

This will ripple out of control before we know it. Already, it’s restored a false sense of security to the stock exchanges. And it won’t stop at the banks. I hear it’s the Big 3 automakers who next want to be “saved”.

By: inDglass

inDglass — Tue, 09 Sep 2008 00:57:41 +0000

Not only are we more communist than most other countries, but we give most of the welfare to corporations instead of people.

By: inDglass

inDglass — Mon, 08 Sep 2008 22:21:34 +0000

The AP report on this made it quite obvious (though without saying it, of course) that this is total communism. I couldn’t have said it better than Jim Rogers and Dave Brownlow though.

I definitely need to squeeze in a donation to the Brownlow campaign, and you should too!

By: G.E.

G.E. — Mon, 08 Sep 2008 20:03:23 +0000

By the way, the market is up huge today in the wake of this socialism/fascism. Please, socialists and leftists, do not mistake what we have and what Wall Street likes for a FREE economy!

By: G.E.

G.E. — Mon, 08 Sep 2008 19:31:54 +0000

It was Jim Rogers who said it, but I definitely agree (and have said the same myself). I’m trying to get enough gold stockpiled to fund a getaway to Hong Kong for me and my family.

By: G.E.

G.E. — Mon, 08 Sep 2008 19:30:49 +0000

Holy crap! The Socialist “gets it” about hard money!

Glad to see you’ve seen the light!

By: Deran

Deran — Mon, 08 Sep 2008 19:28:33 +0000

â€œmore Communist than China.â€

LOL. Are we sure G.E. wasn’t the one who said that?!

No, really, I’m all for fannie and freddie being permenantly folded into a federal agency to maximize stabilization of the mortgage system. There should be no speculation with housing. Housing is a fundamental need that shouldn’t be at the whim of speculators and rapacious profiteers.

I do agree on this idea that money as we know it right now is a stack of illusions and cicular debt obligations; ie a house of cards, ponzi scheme, etc.

I’m only partly joking when I suggest we adopt the silver Maria Theresa thaler as backing on our currency. Something to restrain the banks from turning money infinite layers of speculatory paper.