Comments on: The Financial System Won't Fail; It's Already Been Destroyed

By: Mark

Mark — Tue, 28 Oct 2008 19:55:27 +0000

We’re coming to the end of the largest paper-money experiment the world has ever seen.

By: Rick

Rick — Tue, 28 Oct 2008 18:37:53 +0000

Cody,

I’m right there with you on this. Let them all fail and we’ll pick up the pieces afterward and move on.

By: Scott

Scott — Tue, 28 Oct 2008 16:13:37 +0000

Hi Cody,

Well said. They only prolong the agony. Here’s a humourous column. It’s a different take on the futile government attempts to “stabilize” housing prices and a great suggestion on how to quickly bring prices back up.

It’s called “Government Cannot Stop Housing Price Decline”

It’s ridiculous – but true. http://www.tableofwisdom.com/Daily__Quick_Thoughts.html

By: Billy V

Billy V — Tue, 28 Oct 2008 14:41:20 +0000

Keep up the good work Cody. Maybe enough of us can stop the country from sliding into communism.

It’s time to abolish that corrupt cartel known as the Federal Reserve and return to free markets and sound money.

“The United States Government is a Spendaholic and the Federal Reserve is the Liquor Store down the street.”

By: Ron B

Ron B — Tue, 28 Oct 2008 05:51:41 +0000

And we call the Chinese communists?

Well, my my, it looks like centrally-driven, communist-style state intervention in markets is the US is a reality. What’s next; a five year plan?

It’s too late to panic, and waaay too late to complain. You do have a vote. Here’s an idea; vote against every single incumbent, then vote third party for President.

I hate to say this, but, the only thing that may save us long term is for the whole thing to collapse to the point where the Fed is completely lost…oh wait, we are there already. Never mind.

By: freedom

freedom — Mon, 27 Oct 2008 20:57:53 +0000

Only business show I watch with any regularity. The only place where I think I’m getting fast paced, straight skinny.

Love it when Cody peeves off some multibillion dollar bigwig or overhyped “Dr. of Economics” so much that they launch ad-hominem attacks, but Cody shakes it off, hangs in there. And generally, I wind up aligning with Cody’s view…

Eric, stoically representing his side of the table, EXCELLENT JOB bringing the details to us economy newbs about how existing old money got in trouble, and why he thinks the bailout is critical. Dunno if I agree, but at least I think I get the broad brush strokes now…

Can’t wait until Reb comes back. Anyway, thanks guys and gals.

By: truxrule5

truxrule5 — Mon, 27 Oct 2008 20:52:10 +0000

Right on. But the Moral Hazard is already happening! Noticed how Detroit / Big Auto is now coming to the table and asking for the government to underwrite their shared losses? In fact, on 9-28-08 the president signed on to a $25B way-below-market loan for automakers already! Dems tacked it onto the 2009 defense spending bill. Oink, oink, oink! The Dems purchased Michigan for this election!

By: Scott

Scott — Mon, 27 Oct 2008 19:57:28 +0000

Cody,

You might look and sound like a hippie, but you make more sense than anyone else out there. Keep up the good work.

By: TJF

TJF — Mon, 27 Oct 2008 19:16:16 +0000

The Fed is a corrupt enterprise.

By: Ross

Ross — Mon, 27 Oct 2008 18:58:50 +0000

STOP THE TREASURY NOW!

Look, the government is now giving 3.5 Billion to Capital One!

This kind of junk people are afraid of in this stupid bailout!

These guys are the “ARM PIT” of the credit card world. They have lied to and cheated more people then lawyers and politicians combined.

They should give their 3.5 Billion to all of the people that have been screwed by Capital One and other credit card comapnies by jacking up peoples rates and fees. frocing bankruptcy

How do the Treasury give 3.5 Billion to companies that violate credit card collection laws!

Stop this NOW. Where is the regulation for giving money to criminals!