Comments by "romanmir01" (@romanmir01) on "Elizabeth Warren Destroys CNBC Anchors" video.

  1. Glass Steagall passed in 1933 due to gov't (Fed) inflating and creating the huge stock market bubble and then gov't preventing normal restructuring and creating the Great Depression (Hoover and FDR created the Great Depression). 1970s stagflation was RESULT of government meddling. S&L was RESULT of government meddling. Stock market bubble in 1990s was RESULT of gov't meddling (Greenspan put). Housing bubble was (and now new one is) RESULT of gov't meddling. Gov't bond bubble....... take a guess
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  2. ha ha ha ha, whatever, you are funny.
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  3. Glass Steagall (GS) was part of the larger bill that created FDIC. FDIC DESTABILISED banking while making it look like it added stability. It did it by creating a number of GIGANTIC moral hazards (some for banks, some for bank customers). GS part of the bill was there to counterbalance the moral hazard created by gov.t The REAL way to start solving problems is by removing the ROOT CAUSE of them, GS is a band aid on a 3rd stage cancer of gov't moral hazard, inflation, taxes, regulations
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  4. Every bank crash in America is related to GOVERNMENT regulations, inflation (money printing, like with the Continental), housing bubble created by government, stock market bubble created by gov't manipulating interest rates, etc. Warren is a fine smart politician, but don't for a moment think she wants to SOLVE the problems. To SOLVE the problems you REMOVE ALL GOVERNMENT FROM EVERY ASPECT OF BUSINESS AND MONEY.
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  5. Capitalism only means private ownership and operation of property, nothing else. Private ownership and operation of property cannot be mixed with government enforcement of rules, that end up giving advantage to some, while setting barriers to entry to others, that's where all corruption comes from. Savage beast is not private property and operation of private property, savage beast is the government. Gov't is by definition evil, threat of violence, coercion, that's a savage beast.
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  6. GOVERNMENT PUTS RISK INTO SYSTEM. Gov't puts risk into system. Federal reserve (supposedly not gov't, yeah, right) puts risk into system, Greenspan put was replaced with a much bigger Bernanke put. Gov't PUTS risk into system, that's what ALL fake 'insurance' that gov't offers does - puts risk into system by making it look like you are safe from risk and can gamble much more. FHA, HUD, F&F were DESIGNED to add risk to the system. FDIC was DESIGNED to add risk into system. Warren is BSing
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  7. There are more regulations and controls over American businesses every single week, every year, almost every day. Patriot Act added so much regulations,. looks like not a single new Hedge Fund or bank was started as a STARTUP after it. You have to have billions today to start a bank or a hedge fund, you can thank gov't for that trick, where it protects monopolies and destroys competition. Warren is full of fine grade crap.
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  8. 5 years? 5 years is just the final stage of something that played out for at least 40 years, after Nixon's gold shock and inflation and massive rapid growth of go'v't due to this inflation, massive increase in taxes, massive increase in various regulations. Banks have over 100,000 regulations apply to them in USA. That's the same country that showed fastest growing economy, from 3rd rate country to definition of what 1st world means in 19th century pretty much without gov't.
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