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20100325-Stossel-[Congressional Ponzi].Fox Business.CF.avi

Infohash:

AA5E9CD57F61E815CB58F85B4A4AF8FE9EB09E59

Type:

TV

Title:

20100325-Stossel-[Congressional Ponzi].Fox Business.CF.avi

Category:

Video/TV shows

Uploaded:

2010-03-26 (by skJGZV6z)

Description:

STOSSEL - The Biggest Rip-Off - Fox Business 2010, March 25, Thursday Xvid/MP3 AVI - encoded from clean, SD composite source video ----- Madoff, forget him! If you want a real Ponzi scheme, you'll need look no further than the Social Security statements your own US Government sends you each quarter. "I.O.U.S.A.", an indie film, is excerpted for this show; the full film can be checked out here: http://www.iousathemovie.com/about/ http://thepiratebay.se/torrent/4889131/ ----- [Excerpted from John Stossel's blog:] March 25, 2010 10:00 AM EDT by John Stossel Tonight's Show: The Biggest Rip-Off (FBN 8pm & 11pm ET) Lost in the commotion over the CBO report on Obamacare this month was the "other" CBO report--this one on the president's budget. Some highlights: * Trillion dollar deficits through 2011 and resuming in 2018 * By 2020, federal debt would rise to 90% of GDP. And Congress continues the ignore the biggest debt: the $42 Trillion unfunded liability of Medicare and Social Security. On tonight's show (Fox Business at 8pm & 11pm ET), I'll take a look at the burden that my generation is passing onto our children. We —the baby boomers-- are basically stealing from babies to pay our retirement benefits. Rep. Paul Ryan (R-WI) and Mercatus Center economist Veronique de Rugy will talk about the financial picture we face. David Certner of the AARP will try to explain why this generational wealth transfer must continue. Author Joel Kotkin will explain how other countries have it worse (that’s actually good news—maybe we will learn something from places like Japan and Europe—where birth rates are lower—because their pension systems will explode first). Plus, I'll confront a lawyer who worsens the entitlement crisis by helping people hide assets so they can collect Medicaid benefits meant to go to the poor.

Tags:

  1. John Stossel
  2. Fox Business Network
  3. libertarian

Files count:

1

Size:

244.60 Mb

Trackers:

udp://tracker.openbittorrent.com:80
udp://open.demonii.com:1337
udp://tracker.coppersurfer.tk:6969
udp://exodus.desync.com:6969

Comments:

 skJGZV6z (2010-03-29)

I checked out I.O.U.S.A. Great film! The economics presented re: The Fed are not Austrian School...but I can overlook that dead tree and embrace the rest of the lush forest!
If you check out the film, think abt. this: whenever the Fed increases the money supply, that _is_ inflation. That's why Volker's measures broke us out of the 70s stagflation. When the Fed raises rates and contracts the money supply, that's deflation, which is labeled a bugaboo, but is NECESSARY when there's been a credit expansion.
It just so happens that Volker's rates were close to what a free market interest rate (absent any central bank) would've been. So, that allowed the malinvestments created by the previous 60s-70s-era credit expansion to be finally recognized and capital to start flowing toward activities that were actually productive. Result: price inflation leveled, business activity rebuilt (that is, following the rapid death of the unproductive bits now exposed by the high interest rate).
The downer is that shortly after the inflation problem was broken, the Fed started printing money anew.
Recently, the Fed was the largest buyer of US Gov't debt securities. I've learned over the past year, that usually when the Treasury reports good debt auction results, it's because a privileged cadre of bond broker-dealers have tacit agreements with the Fed to purchase from them, the debt securities they'd bought at auction. In this way, the Fed hides the true size of its presence in the market for US Gov't debt, and the Treasury gets to report numbers that look better, because they seem to show a smaller Fed involvement.
Food for thought.

waleyejim (2010-06-09)

Thank you skJGZV6z and all those who appreciate freedom and understand what the loss would mean...