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I'm just trying to imagine one of these plugged into every computer in the world :  I'm sure Bart Chilton wouldn't like that. On the other hand, he might just plug one in himself. Just in case. |
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Quite simply; he doesn't understand the problems of the middle class in America. He is also a bank apologist as you'll hear in this interview back in 2009 where he and Elizabeth Warren get into a HEATED exchange. If you want to understand just how out of touch Davidson is you HAVE to listen to the podcast itself to gauge the anger. It's a classic that enraged the vast majority of NPR listeners and forced Davidson into a public apology. http://www.npr.org/blogs/ombudsman/2009/06/planet_money_meltdown.html |
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Who is Jim Rickards? From Wikipedia: James G. Rickards is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is a writer and is a regular commentator on finance. Rickards advised clients of an impending financial collapse, of a decline in the dollar and a sharp rise in the price of gold, all years in advance. Rickards is the author of The New York Times bestseller Currency Wars, published in 2011. http://www.foxbusiness.com/investing/2013/03/22/bitcoin-interest-explodes-as-cyprus-nearly-implodes/From the article:
"Rickards said the recent popularity of Bitcoins is part of a broader trend around the world in favor of alternative currencies."
“Gold is a great way to preserve wealth, but it is hard to move around,” said Rickards. “You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”
“It’s almost a badge of respect when the Treasury starts regulating you,” said Rickards. “You must be doing something right.”
“It’s not a knock on Bitcoin,” said Rickards. “I’m sure there are criminals using the Bitcoin world, but there are criminals and bad actors in the dollar world as well. The sight of a drug smuggler opening a suitcase full of $100 bills is not unusual.”It's a big deal that Rickards has noticed and essentially endorsed Bitcoin. And he is one of the quintessential goldbugs. |
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Well I'll be:  |
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"Finally, we must question the morality of Fed programs that trick people (as if they were Pavlov's dogs) into behaviors that are adverse to their own long-term best interest. What kind of government entity cajoles savers to spend, when years of under-saving and over-spending have left the consumer in terrible shape? What kind of entity tricks its citizens into paying higher and higher prices to buy stocks? What kind of entity drives the return on retiree's savings to zero for seven years (2008-2015 and counting) in order to rescue poorly managed banks? Not the kind that should play this large a role in the economy." ... "An environment where financial crises are seen to be a regular part of the landscape is one where people might actually take more precautions. People would maintain a margin of safety in all their decisions, investment and otherwise, regulations would be well thought out and diligently enforced, and the unscrupulous and the incompetent would quickly fail and disappear from the scene. Modern day attempts to abolish failure only serve to ensure it, as moral hazard - the likelihood that people's behavior changes in response to artificial supports or guarantees - surges. Attempts to prevent or wish away future crises only make them more likely. Only by allowing, even welcoming, episodic failure do we have a chance of reducing the likelihood and magnitude of future financial crises." http://www.zerohedge.com/news/2012-12-21/morality-fed |
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And not one bankster has gone to prison. “We accept responsibility for our past mistakes,” Gulliver said in a statement. “We have said we are profoundly sorry for them, and we do so again. The HSBC of today is a fundamentally different organization from the one that made those mistakes.” Translation: "We are profoundly sorry; for having been caught"."The decision not to prosecute HSBC was a decision of the Justice Department and was influenced by factors including the impact of the probe on the company’s employees and the potential economic effect, Breuer said." Translation: "Keep it up. There will be no repercussions".http://www.bloomberg.com/news/2012-12-12/hsbc-mexican-branches-said-to-be-traffickers-favorites.html |
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you know, why don't you just shut the hell up. how many threads do you have to start with this BS? i think you got your point across.
hazek, as the new moderator for this Discussion thread, why are you allowing Atlas to troll like this?
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$1M ransom in Bitcoin.  |
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