US Financial Crisis »
Posted By omerazam 1 year, 3 months ago in Business & FinanceCrisis is result of dwindling confidence of financial markets over Bush administration
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omerazam
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hyperbola1 year, 3 months ago
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The irony may well be that those countries with the least connection to the US are those who will be spared the worst of the "correction".
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What is perhaps unfortunate is that it is the same Bush administration that is "managing" the crisis. This is like putting the fox in charge of the hen house after the fox has already slaughtered half the chickens.
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dissent1 year, 3 months ago
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the funny thing is so many from the right go on and on and on and on and on about the evils of socialism while they support the biggest socialist revolution right here in america!...... the nationalization of the banking and finance industries!!
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we've got the empire on the march overseas gobbling up territory and looking for barefooted terrorists and now we've got our money bailing out and buying up the banks so that our debts are now to the government, what used to be or and is supposed to be "we the people".
i don't know about you but i feel the noose tightening here. we're just a hop, skip and a jump away from full blown fascism folks.
it could be osama or it could be the necon thinktanks, but somebody somewhere must think everything is going according to plan -
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rippleofhope1 year, 3 months ago
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It is the absolute duty of every citizen to hold these Bushes (41 & 43) accountable for the massive bailouts of banks under their respective administrations. (S & L bailout and the present financial debacle we face). Interesting how both presidents had 'we the people' totally distracted by wars against Saddam Hussein- the war to liberate Kuwait and the Iraq war-Bushes' wars- Bushes' messes.
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Rick78x1 year, 3 months ago
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It is not Bush or his administration. It wasn't Clinton and his, and it won't be Mcain's or Obama's. By pointing fingers of accusation at these puppets and their minions we are only avoiding the real culprits. The financial crisis in this nation started back in 1913 under President Wilson and seven other men who implemented the Federal Reserve Act. We abolish central banks and the Federal Reserve our nation's finances will automatically begin the healing process. Folks, read The Creature From Jekyll Island by G. Edward Griffin and you will plainly see where the problem is and who is responsible for it.
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earl10221 year, 3 months ago
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I would add that possibly the single largest cause of our current financial woes was FDR revaluing the price of gold (I believe in 1933) so the government could basically print more money to 'help' the US recover from the Great Depression. This 'revaluing' trend continued until 1964, when the gold standard was basically abandoned in favor of the money being backed by the 'full faith and credit' of the US government. Those moves made the string of financial crises since then almost inevitable.
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Want to fix things for good? Go back to a money supply backed by gold. Here's a guarantee, though... it will never happen.
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CHAM1 year, 3 months ago
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omarazam. Good Post. Time will tell how the United States will fare into the future because of our financial woes. From my perspective the actual root cause of the problem is the intertwining of world financial forces. Greed and the inherent power drove immoral people around the world to slowly impose economic slavery on all the cattle ( the common man ) of the earth. The Elites are cementing their lordship, and in America we continue to help them by electing charlatans and of course then re-electing them.
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This coming election is a good example.
There is only one way to stem this movement. The criminals must be prosecuted. Ask a Democrat or Republican if they are willing to prosecute those who have abused the laws. I suppose I don't need to tell you how many candidates will actually say they will try to prosecute. And zero is the number of candidates who actually will prosecute when they get in office.
Because if they did they would be cutting off the hand that feeds them. -
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Santa_Fe_Kid1 year, 3 months ago
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It is unfortunate that the US has an administration out of tune with the American worker and American family. Our current financial crisis is the result of deregulation of the banking and securities sectors. Don't think this was done to protect the US citizens or their life savings. When you have a corrupt government, who ends up getting hurt the most? Don't expect it to get any better either. They are digging a hole that is destroying our way of life here in this wonderful country. Forget about Social Security, National Health Care, and improved education for our children. President Bush has squandered our children's future.
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CHAM1 year, 3 months ago
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Agree with you Santa Fe. And would it surprise you to know that one of the authors of the Deregulation Bill in 1987 was none other than Phil Gramm. Who is he? Why he is the Financial Adviser tor McCain. Guess who would be the Finance Czar under McCain?
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Gramm helped author the bill during the Reagan Presidency. You know that trickle down philosophy. It was passed in the Clinton timeframe. Anybody want to see how the wealth has shifted since that infamous philosophy? If you're too lazy to look it up, then I'll state that the Rich have gotten richer and the poor have gotten poorer. Anybody surprised?
Would you be surprised if a McCain/Palin White House just might get the Rich, Richer and the Poor, Poorer?
If it would surprise you, then you are not intellectually old enough to vote.
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visuall1 year, 2 months ago
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Read more about The Asian Financial & Economic Crisis http://www.boostworks.com/
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