Free marketeers/Ron Paul stans/PCTs being wrong on everything since 2008 thread

Dusty Bake Activate

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Just saying...I remember back on :hamster: all these libertarians, free marketeers, paranoid conspiracy theorists, Ron Paul stans, and paleoconservatives were boldly predicting complete calamity and utter destruction of the American economy in late 2008 and 2009.

Meta, Gundam, a bunch of other dudes whose names I can't recall. I remember reading stuff about how the stock market would do a death spiral and our standard of living would be reduced to 3rd world status...all this apocalyptic language and imagery. The dollar was going to collapse. There was several comparisons to Zimbabwe. There was going to be runaway inflation. The stimulus was going to be failure and a disaster. I remember when the Fed announced QE and Gundam made a thread declaring America died that day. We were all supposed to take our money out of the stock market and stock up on guns and canned goods.

Obviously economic growth is still sluggish, unemployment is still high, and no one's satisfied with the progress, but none of that stuff happened.



US-GDP-growth-2008-2012.gif


get


Ironically, if we implemented y'alls ideas of no fiscal or monetary stimulus, and massive tax cuts, your Mad Max fantasies probably really would've occurred.
 
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I'm glad I didn't listen to these nostradumbasses and sell all my ETFs. :eat:

I told everyone that it was buying season when the stock market tanked.

And America did die when it committed to QE. That's a slap in the face to principles of this country.

And I said, clearly, the effects of the debasement would be lessened or nullified by the changes in the money multiplier (liquidity trap) and that America's military power would keep its massive amount of currency in foreign deposits and off of the market.

I accurately predicted the fall of Stockton and the end of the housing bubble.

I accurately called the peak of the silver market.

I accurately saw growth in Big Lots.


Go ahead and spend your 8 hour shift searching the post history of Meta and Myself. I know that's your special time.

Meta was also Real Talk Rah.


Have fun!
 

Broke Wave

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@Gundumb if you we're such a great predictor you would be an investor, instead of a nikka who works 16 hours a day and pulls guns out on white women at bars :dead:


The most glaring example of Free marketeer stupidity is the auto industry bailout, because not only is the industry healthy and innovating, it's back on pace to be the largest in the world :skip:
 

Dusty Bake Activate

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I told everyone that it was buying season when the stock market tanked.

And America did die when it committed to QE. That's a slap in the face to principles of this country.

And I said, clearly, the effects of the debasement would be lessened or nullified by the changes in the money multiplier (liquidity trap) and that America's military power would keep its massive amount of currency in foreign deposits and off of the market.

I accurately predicted the fall of Stockton and the end of the housing bubble.

I accurately called the peak of the silver market.

I accurately saw growth in Big Lots.

:rudy: Stop it. You did predict the housing crash, I'll give you that. But you're certainly not the only one. Many economists of different ideological bents did. I didn't even get into economics myself until around the time I got on :hamster: when I was about 28. Before that I was doing stuff that people in their early and mid 20's do.

But you know damn well you predicted a bunch of calamity and destruction that was right around the corner around 08-09 and it never happened. You predicted runaway inflation was imminent and the dollar would crash. It never happened.

Go ahead and spend your 8 hour shift searching the post history of Meta and Myself. I know that's your special time.

Meta was also Real Talk Rah.


Have fun

:ufdup:

I just searched for threads started by "Gundamzeta209" over a year ago. It took about 8 seconds, not 8 hours. It doesn't take much time or effort to prove you wrong.

What obama's New New Deal might bring about (hint it's all bad). - ProjectCOVO.com Global Forum

I've never been so terrified by a graph in my life. We are headed towards destruction - ProjectCOVO.com Global Forum

I seriously hope the liquidity trap is real and will last more than 2 years because if it doesn't were going to see inflation on the same level as Argentina, Germany pre-hitler or Zimbabwe
:laugh:

i'm calling it right now. Massive food shortage within 1 to 2 years. - ProjectCOVO.com Global Forum

Buy non perishable Food, Buy metals and buy planting seeds. In 2011, i'll re up this post
:laff:
 

Dusty Bake Activate

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General Motors Is Headed For Bankruptcy -- Again

General Motors Is Headed For Bankruptcy -- Again - Forbes

China Appears More Competitive Than US: Dalio

China Appears More Competitive Than US Despite: Dalio - US Business News - CNBC


U.S. Treasury Turns Down GM’s Offer to Buy Back Shares | TheBlaze.com

But look at it from Treasury’s point of view: What would it look like if they agreed to the deal and posted a multibillion dollar loss while the president was going around repeating the “Osama‘s dead and GM’s alive” mantra?
 
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