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Posted by: cowboygrandpa 1 year, 2 months ago
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cowboygrandpa1 year, 2 months ago
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Adam Smith the father of the free trade capitalism would be against the multinational trading corps of today!!!!!!!!
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Well yeah, since his ideas on free markets were based on small businesses competeing aginst each other to keep prices competitive.
But hey don't tell that to the greedy bastar*s who claim to be free marketers. They are actually full blown Fascists who seek to destroy the free markets.
Of course the Federal Reserve helps them daily.
Welcome to the one world economy and all the lies and poverty it brings.
The next thing is not a recession but a depression that makes '29 look like a cake walk.-
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populist1 year, 2 months ago
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no doubt, C.G. From my understanding, Smith was taking a strong position against British mercantilism, which ruled the world of his day. He was looking for a situation of actual freedom - something which American style "capitalism" and the "federal" reserve have nothing in common with...
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Eagle_Eye1 year, 2 months ago
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Good comment cg, and
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"Well yeah, since his ideas on free markets were based on small businesses competeing aginst each other to keep prices competitive"
I don't think we will ever see a free market again. I fear with the big corporations buying up the other big "hurting" corporations will just make for nothing but more of a monopoly in our society. This to me is really scary-
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populist1 year, 2 months ago
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good point EE. And the most interesting thing, to me, is this...
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if we were a truly free society, we'd all be held to the same standards of accountability. Thus, corporations wouldn't even exist.
Why? Because they're a grant of protection by the government to a group of people....allowing them to act in ways that doesn't hold them personally responsible for the outcome....
Well, that's probably best left for another thread..-
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alakazam1 year, 2 months ago
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Some statements made concerning the Federal Reserve Act before it was voted into law.
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"The worst legislative crime of the ages is perpetrated by this banking bill…The banks have been granted the special privilege of distributing the money, and they charge as much as they wish…This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private…There should be no legal tender other than that issued by the government…The People are the Government. Therefore the Government should, as the Constitution provides, regulate the value of money.” (Congressional Record, 12/22/1913) -Rep. Charles Lindbergh Sr.
“I do not blind myself to the fact that this measure will not be effectual as a remedy for a great national evil – the concentrated control of credit…The Money Trust has not [died]…He will not cease fighting…at some half-baked enactment…You struck a weak half-blow, and time will show that you have lost. You could have struck a full blow and you would have won.” (Congressional Record, 12/22/1913) -Congressman Victor Murdock
Sometimes foresight is 20/20.
This current fiasco (the bailout plan) is nothing but fodder for the beast.
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