3-17 Bear Stearns Buyout: Govt. and Money Should Never Mix
Published on Mar 17, 2008 in none
Listing 691-720 of 761 episodes
3-17 Bear Stearns Buyout: Govt. ...
March 17, 2008
On Monday, 3-17 (Happy St. Patrick’s Day!) Gardner Goldsmith said what the pop media avoided: The buyout of Bear Stearns (a lending institution tha... More
On Monday, 3-17 (Happy St. Patrick’s Day!) Gardner Goldsmith said what the pop media avoided: The buyout of Bear Stearns (a lending institution that had become financially unstable because of its loans in the housing market) by JP Morgan-Chase was facilitated by a corrupt and insider-driven government-federal reserve team-up. Gard also exposed the nonsense of Treasury Secretary Hank Paulsen, who applauded the bailout of Bear-Stearns, said it wasn’t a bailout (or tried to avoid answering that until he finally coughed up a quick denial that it was), and also has said the fundamentals in the US markets are solid. This is false. He has also said that, although he would like to get rid of the penny, it actually doesn’t cost more to make than it is worth. This, too, is false. It costs 1.7 cents to make a penny right now, and it will cost more as the months move along. This doesn’t mean we should abolish the penny, it MEANS WE SHOULD GET THE GOVERNMENT OUT OF MAKING MONEY AT ALL. Privatize the money system, and let it answer consumer demands for transparency and backing with hard currency. Gardner Goldsmith understands, and once you listen, you will also. All from “Against the Grain” and www.libertyconspiracy.com Buy Gard’s new book, “Live Free or Die” at amazon.com! Less
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