Why didn't you vote for Ron Paul?

Quote Originally Posted by wallstreetcappers:

ktorp,

Please educate yourself on what the Federal Reserve does, at least do that much before you blindly believe what Paul is saying. If you want the US economy to implode and the credit markets to evaporate, then proceed with your thinking and Mr.Paul's ideas.

The reason that the other politicians are not bringing these types of plans and ideas forward is because they are implausible, impractical and impossible to even consider. The scale of what these plans would undertake is impossible, nor would congress EVER pass them. We cannot just toss out what currently exists and throw in these unproven and unknown plans and I surely do not want Libertarians in office, even if I dont care for our two party system and some of the people in congress.

I stand firmly behind my "magic wand" comments because there is MUCH MORE to these ideals than just words on a webpage or in a speech. To actually accomplish what he is suggesting is just not possible, nor would it change anything and it would create chaos to our economy and government.

Libertarians crave chaos and are always bashing those in office, that is their platform and has been since I remember and that is why you see few ever get further than local PTA boards or remote mayoral positions..their ideas are too radical and impractical.

You really really need to investigate what the FED does and the ramification of his ideas and I am very happy that he has no chance to be elected. I am not interested in demolishing the government and having the monetary policy turned into a free market banking system. The free markets are what got us into this credit disaster, regulation is necessary and important. The more you turn things over to the "free markets" the worse the outcome. Economically speaking, the correct balance in a free market economy is the private sector performing their part while being observed in doing so and have a checks and balance system in place.

I dont get it really..it is like Jim Jones in here..people just flocking to these heavily radical ideas without understanding what the ramifications and implausibilities that exist and the resulting shock to the system that this person would have if elected.

Ron Paul is probably the last person I would ever vote for if running for president and that includes Bush II running for a THIRD term.

For those who know my stance on things, that is saying quite a bit.

Educate yourselves Paul followers, then burn the literature and run..

Quote Originally Posted by wallstreetcappers:

ktorp,

Like I said, you need more education before you can understand what I am saying. Dont take it personally but you really dont get it. If you think Mr.Pauls idea concerning the FED is the answer, you really dont get it and if you think that the government made monkey shit look like a good investment, you REALLY dont get it.

What caused this mess was not..I repeat..NOT the real estate market and it was a combination of the FED extending the economic cycle AND a lack of banking and financial regulation. Please do yourself a favor and research the things I am suggesting..learn more and then you will see that Paul is not the person you need to be listening to.

Leverage and margin are what caused this demise and the government did NOT create the CDO instruments..they are bundled investments made by INVESTMENT firms, sold to investment firms and anyone who was interested and the instruments themselves are not the cause either.

You arent interested in hearing me discuss this and frankly I am tired of discussing it, but from someone who HAS researched this subject, maybe as much or more than Mr.Paul, you are definitely WIDE RIGHT  on most of your replies and comments.

Quote Originally Posted by rooster010:

Quote Originally Posted by wallstreetcappers:

ktorp,

The recession was not caused by the housing bubble.

If the banks had not over extended themselves with both mortgages (if they were a lender) or CDO's (which were not created by the government) then the housing drop would not have expanded to the credit markets and would not have disrupted the markets and the economy as it did and continues to do.

The currency issue is about 8 years old and many were raising red flags before Mr.Paul, he was no revolutionary when it comes to the currency flood..sorry but thems the facts.

A totally FREE Market economy has never existed, nor would it be possible to exist. One only needs to take a few economics classes to figure out why that is the case. His loose usage of free markets goes to show he is not portraying the reality of a free market, and using such terms is nothing more than political cuteness.

Government regulation and oversight is necessary in ANY economy because a free market of supply and demand meeting equilibrium is flawed several ways and the government plays a very important role in policing the free markets, and they failed with the banking institutions and that is why we are here.

You guys who watch a few youtube clips, read some blogs from Ron Paul and his supporters, you are no more educated than the people who watch the 5PM news..you believe what you are told and dont want to spend the time researching what reality is versus what we are told by various politicians.

Paul is no more accurate than the other politicians because even though his ideas sound interesting, the implementation is impossible, the results are unknown and the execution once implemented (if it were to magically be implemented) is unlikely.

Paul is a laughable puppeteer, he spins a different tale, but he is no different than Obama or McCain.

Quote Originally Posted by rooster010:

some light reading

Quote Originally Posted by wallstreetcappers:



Oh brother..that was more than a mouthful.

It shows what I know but I guess Paul is Gold bull, that explains most everything you guys are saying here and the lunacy about bunker talk and "burn the ground" theory.

Half of that article is prefaced with "IF WE WOULD HAVE.........." a bunch of reactionary garbage.

We arent on the gold standard and havent been and I dont think we need to be.

The subprime disaster is not why we are in the mess we are, the currency floating is only PART of why we are in this mess. For all the quotes and blah blah blah I didnt see the cause of the problem in that article, and most people including this guy dont get it either.

Subprime has nothing to do with the current issue, currency float does a little but the largest reason our credit markets are where they are is over-leverage.

ktorp, I can answer the question in one word- GREED. That is the answer as to why we need governmental regulation. I also never said I was as smart or smarter than anyone else, rather I am saying that you cannot say because he wrote books or was in congress that he knows more than any other person, we cannot know that and I will not say it. I know plenty on the subject and more than most..it does not make me more intelligent or better than someone else, rather I spent time to research the topic and know quite a bit about it.

Quote Originally Posted by wallstreetcappers:

ktorp,

Gold Standard

Greed is the only reason we need regulation. If we were in a utopian society and we were on the higher needs pyramid, then we wouldnt require regulation.

If there was not a third party watching public companies, then they would have the tendency to do what was best to make more money, or GREED. So the government, or a third party regulatory agency (say like in the markets there are non-government regulators who keep market participants honest and legit) try to ensure that people dont cheat and be dishonest to each other because that is human nature.

So human nature is why we need regulation. Not much else to say outside that..if we all were held to a higher moral standard then we wouldnt need regulation.

rooster, being on the gold standard does not mean there is no inflation.

Quote Originally Posted by wallstreetcappers:

macman,

Show respect even if you disagree with the person you are debating with. No need to throw insults or jabs out, it does not help your arguement nor does it make the discussion any more interesting.

Can you translate this for me?

I'll be honest with you though. I don't hate like you hate. I see the real you.

rooster answer something for me...change for the sake of change doesnt mean sh!t. So Mr.Paul wants to change everything, well who is he going to have run these organizations? How much is he going to pay them? Last I checked the government is filled with average people, doing their job from 9 to 5 and doing the best they can. My inlaws worked for the government for between 20-30 years and are now retired. The problem isnt going to go away by waving a magic wand and POOFFFF everything is better.

The problem with Paul is he promotes all these ideas, points fingers as to why there are these issues and then comes forward with "pie in the sky" ideas and plans which are not proven, no long term execution can be guaranteed and instead of focusing on improving what exists he wants to go and dismantle everything.

So here is my only question..who here knows what the Federal Reserve does? How will Mr.Paul take over these responsibilities and WHO will he have perform all the functions that the Fed does? Dont give me this "his expert advisory board" that is bullcrap. How will he get the skilled people in necessary to perform the functions of the FED and their regional offices?

I doubt any of you really know what the FED does outside what you read from Mr.Paul or see on tv, nobody knows and thinks they just print money and give it to banks..if you REALLY investigate what the FED does and the function they have to this country and the world then you would burn every piece of PAUL literature and understand what a fraud Paul is.

I am all for change, but unlike most I dont get wrapped up in some motivational speech and I understand what the full situation is and I scratch under the surface and research things myself, not just read some Manifesto from a politicians website.

You guys want Paul to come in and waste 4 years trying to dismantle the government and fight with congress and either get impeached or drag the country and the world into a MASSIVE depression (what we have now is a recession, not depression) go right ahead. I suggest you take his IDEAS and try to think about execution and implementation and the REALITY and implication for what he wants to do.

The bottom line is it doesnt matter anyway, that guy would NEVER be elected and he shouldnt be. I can come up with a better Manifesto than Paul, stuff that sounds great on paper and point fingers at everyone, so does that mean I can be POTUS?

Quote Originally Posted by wallstreetcappers:

You want to be banned? I can do it for you, no problem.

Tell me you want to be banned and I will do it tonite.

As for the Paul sour grapes..life sure is hard isnt it?