The American government doesn't like Santelli saying how the world is nowadays:
Sunday, 8 November 2009
Restoring the deficit
Today’s video features Tim Geithner at meet ‘Meet the press’
In the beginning the interviewer asks ‘Where are we going to be a year from now?’ [ regarding the deficit]
What very much pleases me is that Geithner says the deficit is too high now; but he doesn’t seem to be very much willing to say this has be done by raising taxes.
But he’s first going to restore growth and create jobs. Creating jobs seems to be easy; restoring the GDP might be achieved in the same way.
According to the website www.shadowstats.com the GDP annual growth has been overestimated for years now:
In the beginning the interviewer asks ‘Where are we going to be a year from now?’ [ regarding the deficit]
What very much pleases me is that Geithner says the deficit is too high now; but he doesn’t seem to be very much willing to say this has be done by raising taxes.
But he’s first going to restore growth and create jobs. Creating jobs seems to be easy; restoring the GDP might be achieved in the same way.
According to the website www.shadowstats.com the GDP annual growth has been overestimated for years now:
This doesn't mean that I think they should start raising taxes right away and restoring the deficit; government intervention isn't bad in times the economy is collapsing and a further fall in consumption would be killing.
However, I hope the administration doesn't forget to look at the real figures instead of the figures they publish to keep everyone happy...
Saturday, 7 November 2009
"The banking establishments are more dangerous than a standing army"
Today’s video features a battle between Rick Santelli and Steve Liesman :
According to Steve everything is fine; his statements really make me think of what John Connolly, former mister of Finance in the USA, said in 1971 : “The dollar is our currency, but your problem.”
I do agree more with what Rick is talking/yelling about, he hits the point I’ve been talking about for weeks now: “Our leaders dilute dollars to pay for the sins of everyone.”
Also came across Dylan Ratigan’s Halloween costume:
It’s not only incredibly funny, he also makes some good points: The point where we are today is incredibly similar to what Thomas Jefferson was afraid of in the late 18th century when the first bank of America was created: “A bank takeover of the government that would leave taxpayers as slaves to bankrun gambling casino’s”
According to Steve everything is fine; his statements really make me think of what John Connolly, former mister of Finance in the USA, said in 1971 : “The dollar is our currency, but your problem.”
I do agree more with what Rick is talking/yelling about, he hits the point I’ve been talking about for weeks now: “Our leaders dilute dollars to pay for the sins of everyone.”
Also came across Dylan Ratigan’s Halloween costume:
It’s not only incredibly funny, he also makes some good points: The point where we are today is incredibly similar to what Thomas Jefferson was afraid of in the late 18th century when the first bank of America was created: “A bank takeover of the government that would leave taxpayers as slaves to bankrun gambling casino’s”
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