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  • tburke1932 tburke1932 Oct 16, 2010 1:54 PM Flag

    Is Silver Overbought? Is Your Bank Account Too Large?

    FDR's socialist policies got us out of the great depression brought on by Coolidge and Hoover. Maybe we need a little socialism to get us out of the Bush depression.

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    • Socialism is pleasant company speak for Communism and cannot be separated as each could not exist unless government can, without challenge, lay claim to some portion of the property or wealth of the people. It then only devolves into a question of measurement as to how much. That's why the Income Tax (in addition to a central bank) is one of the planks of the Communist Manifesto.

      A reading of the Declaration of Independence reveals that the only true purpose of government is the protection of Life, Liberty and Property. Communism, or its party dress form Socialism, does not accomplish these ends. In fact, history clearly shows that it works against them.

      By 1938, Roosevelt's New Deal was faltering badly and the economy was again in steep decline never having had been "healed" although the country was deeply in debt.

      Many Americans have fallen prey to another myth: that somehow widespread death and destruction promote economic growth, and that WWII got us out of the Great Depression. Sorry, but it's not true.

      When a nation diverts millions of its most productive workers, as well as large quantities of steel, rubber, gasoline, and other scarce resources, away from the production of cars, radios, and other consumer goods, and into the production of tanks, bombers and munitions that will be shipped overseas and destroyed...the people on the home front actually become poorer. Those resources could have been better used domestically had government gotten out of the way and allowed the economy to mend of its own accord and not hampered the process through collectivist macro-economic management strategies we know didn't work. We are seeing this being replayed right here once again, but few pay attention to history any longer.

      Still most Americans have been taught the myth of "wartime Prosperity". The myth, of course, rests on the faulty premise that massive government spending can "create jobs" and "stimulate aggregate demand". A cursory examination of Comrade Roosevelt's spending prior to the war would quickly disabuse most of that idea.

      In 1938, Roosevelt began to replace the cadre of Bolsheviks in his administration with businessmen, people who actually understood how businesses worked and what caused them to fail. Unfortunately, the legal system had already been poisoned by Supreme Court decisions based on fear and reprisal owing to threats of expanding the court with FDR cronies. I've already cited one such case, but there were more, eleven or so more which served to lay the groundwork for what we are faced with today. You might want to read a book called "The Dirty Dozen"'s not the war story by the same name.

    • What a stupid comment. FDR extended the great depression with his socialist ideas. Now we are all paying the price of keynesian economics gone wild.
      Socialism works till you run out of somebody elses money. Get rid of your federal reserve notes while you can! It's all over.

    • FDR was a war criminal, same as Bush.
      He offered up 2400 of our soldiers for slaughter (@PH), as an excuse to get us into the war. He ran for President on a platform of No War, but he wanted in, so he set up the whole thing. Prescott Bush was implicated as a traitor, as he was selling supplies to both sides. I wouldn't be handing out letters of recommendation to any of them...

      • 1 Reply to john_longstock
      • Wilson and Churchill with the Lusitania

        Roosevelt with Pearl Harbor. Yes, FDR had backed the Japanese into a corner in hopes they'd come out fighting.

        American intelligence had broken ALL Japanese Navy and maritime codes for over a year leading up to Pearl Harbor. They knew they were coming and where they were going to attack.

        Why do you think the carrier groups weren't in port? They let the Japs sink WWI vintage hardware.

    • WWII got us out of the Great Depression, because of unabaited spending. FDR kept trying to balance the books with taxation when foisting new programs on the country, and everytime that happened, the country tanked.

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