Quote:
Originally Posted by davidd
Greenspan is merely a cog in the wheel that threw gasoline on a fire.
It started back in 1913 with Woodrow Wilson (D) enacting the Federal Reserve Act. Taking the control of the currency and handing it the Federal Reserve.
Followed by FDR (D) making gold ownership illegal in 1933 and then confiscating all gold.
Followed by Richard Nixon (R) completely removing us from the Gold Standard.
Followed by Alan Greenspan (Reagan, Bush, Clinton, Bush II) devaluing the currency via massive expansion of credit/money printing. It is now being referred to as the "Greenspan Bubble".
As to government spending/tax cuts. There needs to be a massive slashing of spending... Military, Social Security, Medicare, pork projects, etc. What really needs to happen is for this country to go back to the original intent of the Constitution and that is a Federal Government responsible for a few basic things... The rest the states handle.
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you hit the nail on the head...
but tell me, what will we do with the poor and seniors if the govt cuts funding to these programs...
i think the biggest issue that plagues the US right now is the dependency on foreign oil and the private federal reserve...
the US should take back the fed (never gonna happen) and cut foreign oil dependency with alternative energy (not more drilling, but actually fund more refineries, more nuclear, more solar, more wind, etc etc..)
and fuck big corporations.. you want to send jobs overseas? then you should be taxed at a higher rate for US based corp imports...