REPORT COPYRIGHT VIOLATION IN REPLY
|
Message Subject
|
Jim Rogers is an idiot doofus
|
Poster Handle
|
The Monk |
Post Content
|
#1) if he doesn't believe in promoting interbank lending, then his thinking is in line with the Austrian school/Libertarian school of economics that takes Adam Smith's laissez faire economics to an extreme. If you notice, it's not the 'free market purists' that are fleecing the sheep in our situation; it's the socialist/fascist elements in our system. Free market purists would have let FNM/FRE/GS/MS fail or falter. I disagree with capitalism if it's mixed with corruption, but Jim Rogers is not corrupt. #2) what the heck heck is a 'prosperity Christian'? I'm a Christian and I don't know what the heck you're talking about.
Quoting: Anonymous Coward 481067What I've seen, is a tug of war right now between two factions with one side advocating intervention (who you cynically refer to as "socialist/fascist" in a swipe at Hank Paulson's political orientation and pro-environmental point of view) vs. the free-market purists lead by Phil Gramm, who managed to strip out the regulations that enabled the Lehmans of the world to leverage themselves 45, 65 to 1, and to operate in the dark (the back room, really) wether dark futures or "exotic" securities that no one can put a value on right now- erasing the transparencies so crucial to a marketplace to begin with. the free-market purists cannot admit they were wrong, so anyone trying to take action to prevent a collapse of the financial system is a "fascist" or a "socialist" because they are using non-free market intervention to keep the system working right now. The "socialists" as you call them, know what would happen to the average person if the system collapses. A prosperity Christian is a recent phenomenah, the product of the same social engineers who created the modern Christian church, the Assemblies of God. Where do you think all those tapes and books come from?
|
|
Please verify you're human:
|
|
Reason for copyright violation:
|