Friday, September 26, 2008

Financial Collapse an Accident? Or Criminal?

Congressman Ron Paul says that the bailout bill is likely to pass, heralding a 10-year plus economic depression for America and the potential for martial law should civil unrest arise as the financial meltdown worsens.
The State Of . . . said...
Once again the American taxpayer is left holding the bag for the Federal Reserve. It's amazing how Greenspan is able to escape criticism for his direct causing of this economic mess.

15 comments:

Anonymous said...

Once again the American taxpayer is left holding the bag for the Federal Reserve. It's amazing how Greenspan is able to escape criticism for his direct causing of this economic mess.

CNu said...

I tuned Paul out about 10 days ago when he got on the air making ugly mouth noises about the "affirmative action" roots of the problem.

While he's completely right about deeply flawed deregulation and the urgent necessity and inevitable pain involved with de-leveraging - I'm compelled to ignore him because of his compulsive flirtations with racist propaganda.

It's too bad he's tainted his practical utility with unexcusable moral error.

Denmark Vesey said...

CNu ...

What's racist about "affirmative action" roots of the problem?

CNu said...

Let me provide the context. Ethnonationalist talk radio is my ambient. I listen to/for the memes that these muhphuggaz experiment with on the daily.

For the past couple weeks, Glenn Beck, Rush Limbaugh, (not O'Reilly for a change) and all the other nutbags - particularly the local ones - have been trying to play like anti-redlining policies were the primary driver for mortgage debacle.

Puhleeze...., nobody put a gun to the heads of the loan originators and compelled them to issue bad loans. Rather, it was deregulation and the fact that they could securitize and dump these loans that gave them the incentive to basically flush generations of conservative banking practices and the standard application of ratios to determine suitability for a loan.

Greed on the part of bankers, exploiting dopaminergic tendencies on the part of borrowers/buyers is at the root of this meltdown.

You ever watch HGTV/MTV Cribs/Extreme Home Makeover with the wimminfolk - or any other domestic pornography - and see how enrapt folks get into their "life of luxury" fantasies and delusions?

Scapegoating po folk who craved the dream without the means, but were furnished something looking the means - is a dangerous and evil populist stance.

I expect my truthtellers to be better than that. Ron Paul, though he speaks some truths, has shown himself dirty dirty when it comes to his personal proclivities toward wanting to scapegoat and otherwise injure poor Black folks.

Denmark Vesey said...

OK.

OK.

That's one way to look at it.

Here's another.

A Rose is a Rose. One man's "Affirmative Action" is another man's Farm Aid. Welfare in South Central is "Loan Forgiveness" in Israel.

I'd compare the relative pennies Negros have received in "Affirmative Action" to the relative Billions Jews and crackas have received packaged as euphemistic jingoistic welfare soundbites any day of the week.

Let us not run from that argument, but embrace it and run with it.

CNu said...

I gladly draw the exact same comparison DV.

Had Paul addressed himself to the issue with a comparable degree of objectivity - you would see Subrealism blanketed with Paulian fiscal realism.

As it is, Paul went for strictly for the anti-Black bully-in-a-hoodedsheet angle, and in so doing, earned my contempt, enmity, and ostracism.

Denmark Vesey said...

I would submit that Paul's usefulness extends beyond his benevolence towards ... people of color.

I ask, what politician / statesman / any white muhfuggah on the planet harbors more beneficence towards black people than does Ron Paul?

We allowed ourselves to be the poster children for welfare when we bit into the Affirmative Action apple years ago. Since then we have been scampering like rats for the crumbs of entitlement while the the bigger rodents feasted on the entire loaf.

We played the sucka role.

Ron Paul's message of less government dependence is actually more pro-black than Brother Obama's message of big government.

Anonymous said...

Ron Paul's right - Race-based affirmative action has made us far less competitive globally compared to other countries who are more merit-based (such as Asia).

There's a price to be paid for all these excessive perks like unions, corporate welfare, etc etc. And we are paying that price now.

BTW, those 2 JEWS Bernanke & Greenspan should be sent to Guatanamo as financial war criminals...it's high time we locked the REAL terrorists up!

CNu said...

Where's your engineering or hard science degree from byrdeye?

CNu said...

We allowed ourselves to be the poster children for welfare when we bit into the Affirmative Action apple years ago. Since then we have been scampering like rats for the crumbs of entitlement while the the bigger rodents feasted on the entire loaf.

tha'phuk you talkin bout DV?

I'm not even gonna try to parse the hot mess you pieced together in the above two sentences.

unless you wanna take that all the way back to apartheid-era self-sufficiency, i.e., before our negro forbears were granted citizenship in the U.S. circa 1968 with passage of the Fair Housing Act, what you wrote is contrafactual, ahistorical, and profoundly illogical.

While I expect that kind of chindribble from the remains of byrdeye's prion-ravaged cerebrum, I'm deeply disappointed to read it emanating from your keyboard...,

CNu said...

Ron Paul's right - Race-based affirmative action has made us far less competitive globally compared to other countries who are more merit-based (such as Asia).

Obviously you have a Palinesque level of exposure to how the rest of the world operates. The degree of favoritism and nepotism in the educational and economic opportunity stream in a county like India is fodder for routine harsh protest and criticism in the local circulation dailies in Bangalore, Delhi and Mumbai. It is a central theme in the politics of a country with hundreds of millions of people living in grinding poverty and pressing for opportunity on the basis of merit and being denied.

You and Ron Paul are both obscure, marginalized fringe nuts. Paul for his racism, you for your racism, your misogyny, shamed anonymity, and the routine anal probings via gloryhole you've been catching from the "alien greys" at the Beto Junction truckstop....,

Anonymous said...

cnulan - Asian nepotism is more in the areas of business, with a much lower impact in rigourous scientific schooling. They have much fiercer academic competition there and higher baseline IQs. So, the US just cannot afford to handicap itself with social handouts and racial/gender quotas to compete with them.

Meanwhile, many of the smartest kids in America right now (most often Asians or unconnected whites) are getting rejected from top unis in favor of underqualified minorities.

End result is the mass outsourcing of brainpower to Asia. You see in the end, the free market will still find loopholes to the best performers.

Of course, this systematic destruction of our country is defined as "progress" by Jews and their fed pets here. TOTAL PWNAGE!

Denmark Vesey said...

I dunno Byrd.

CNu might have kicked both our asses on that one.

But for the record CNu - yes. I suspect the apartheid era African-American community was developing on a curve towards empowerment much more steep than the Social-Engineered era African-American community.

Nah. I think the West Indian-American model of empowerment has proven much more effective than "Not a hand-out ... just a hand".

CNu said...

cnulan - Asian nepotism is more in the areas of business, with a much lower impact in rigourous scientific schooling. They have much fiercer academic competition there and higher baseline IQs.

byrdeye, you're full of shit and have no idea, much less first hand experience related to what you're talking about.

what again was that hard science or engineering program you personally completed again? I missed that answer.

CNu said...

no argument from me DV, I just wanted you to spell it out for the record.

AFAIC, 1957-59 was the apogee of autonomous jes grew here in the belly of the beast. i.e., when the circulaton of the Pittsburgh Courier was at its national peak of ~300,000 readers.

Old Negro and Black Digests and Muhammad Speaks newspapers make me equally nostalgic for what might have been....,