{"id":5598,"date":"2008-11-13T23:49:18","date_gmt":"2008-11-14T06:49:18","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=5598"},"modified":"2008-11-13T23:49:18","modified_gmt":"2008-11-14T06:49:18","slug":"lets-crash-some-markets","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5598\/lets-crash-some-markets\/","title":{"rendered":"Let’s Crash Some Markets"},"content":{"rendered":"

European Leaders lauded our free-market system when they were making money.\u00a0 Today, their answer is more regulation of financial markets in an effort to move our system towards the Euro-Socialist model<\/a>:<\/p>\n

Leaders from the Group of 20 advanced and emerging economies<\/span> are being hosted on Friday night and on Saturday by a U.S. president who will be out of office in little more than two months and who is under pressure from Europe<\/span> to agree to stricter market regulation than he prefers.<\/em><\/p><\/blockquote>\n

A lame duck President, George Bush has a chance to make a stand for free markets at this conference.\u00a0 European leaders will most likely tolerate his stand while they lick their chops for January 20, 2009.\u00a0 Europe’s favorite American President, Barack Obama, will face intense pressure from our ancestors to conform to their models next year.<\/p>\n

President Bush:<\/p>\n

“While reforms in the financial sector are essential, the long-term solution to today’s problems is sustained economic growth,” Bush told a New York audience. He said critics were “equating the free enterprise system<\/span> with greed, exploitation and failure” and objected to it.<\/em><\/p>\n

“The answer is not to try to reinvent that system,” Bush said. “It is to fix the problems we face, make the reforms we need, and move forward with the free-market principles that have delivered prosperity and hope to people around the world.”<\/em><\/p><\/blockquote>\n

Germany:<\/p>\n

German officials said before the meeting that it will discuss “a new balance between market and state,” possibly a more ambitious aim than the Bush administration favors.<\/em><\/p><\/blockquote>\n

France:<\/p>\n

French President Nicolas Sarkozy<\/span> sounded an aggressive note on Thursday as he prepared to head for the summit.<\/em><\/p>\n

“I am leaving for Washington to explain that the dollar, which after the Second World War<\/span> was the only currency in the world, can no longer claim to be the only currency in the world,” he said. “What was true in 1945 cannot be true today.”<\/em><\/p><\/blockquote>\n

Great Britain:<\/p>\n

British Prime Minister Gordon Brown<\/span> claimed on Wednesday there was growing support for increased fiscal measures globally to help weather the crisis and indicated he might press that theme at the summit.<\/em><\/p><\/blockquote>\n

Monday-morning quarterbacking is one thing but over-regulation is how the Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

European Leaders lauded our free-market system when they were making money.\u00a0 Today, their answer is more regulation of financial markets in an effort to move our system towards the Euro-Socialist model: Leaders from the Group of 20 advanced and emerging economies are being hosted on Friday night and on Saturday by a U.S. president who […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":{"0":"post-5598","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1875,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1875\/president-bush-unveils-fha-secure-program-today\/","url_meta":{"origin":5598,"position":0},"title":"President Bush Unveils “FHA-Secure” Program Today","author":"Lani Anglin","date":"August 31, 2007","format":false,"excerpt":"Today, President Bush Announced Steps At The Federal Level To Help Homeowners In Need Of Assistance Avoid Foreclosure. These steps will help homeowners having difficulty paying their mortgages and ensure that the problems now disrupting the housing industry do not happen again. The fundamentals of America's economy are strong \u2013\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5011,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5011\/peter-schiff-our-leaders-irrationally-promoted-home-buying-discouraged-savings-and-recklessly-encouraged-borrowing-and-lending-which-together-undermined-our-markets\/","url_meta":{"origin":5598,"position":1},"title":"Peter Schiff: “Our leaders irrationally promoted home-buying, discouraged savings, and recklessly encouraged borrowing and lending, which together undermined our markets”","author":"Greg Swann","date":"October 16, 2008","format":false,"excerpt":"Peter Schiff in the Washington Post:Amid the chaos of recent days, as the federal government has taken gargantuan steps to stabilize the financial markets, realigning the U.S. economic system in the process, comes a nearly universal consensus: This crisis resulted from government reluctance to regulate the unbridled greed of Wall\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12010,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12010\/what-does-primacy-mean\/","url_meta":{"origin":5598,"position":2},"title":"What Does “Primacy” Mean?","author":"Brian Brady","date":"May 19, 2010","format":false,"excerpt":"From Bloomberg News: U.S. stocks tumbled yesterday after Germany\u2019s announced its ban on naked short-selling. German Chancellor Angela Merkel said she will lobby governments to introduce a tax on financial markets, and for ratings companies to come under European supervision so governments regain \u201cprimacy\u201d over markets. The euro is at\u2026","rel":"","context":"In "Enduring Interest"","block_context":{"text":"Enduring Interest","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/enduring-interest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4736,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4736\/no-one-to-root-for\/","url_meta":{"origin":5598,"position":3},"title":"No One to Root For…","author":"Sean Purcell","date":"September 30, 2008","format":false,"excerpt":"I wrote yesterday that we were Front Seat to History, but main stream press continues to miss it and I fear I was a little too cavalier in my writing.\u00a0 The real story here is not the initial failure of the bailout, but the in-your-face blatancy of our politicians.\u00a0 There\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1908,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1908\/voting-for-this-weeks-peoples-choice-award-is-open-2\/","url_meta":{"origin":5598,"position":4},"title":"Voting for this week’s People’s Choice Award is open","author":"Greg Swann","date":"September 9, 2007","format":false,"excerpt":"Vote here. The short list just keeps getting longer. I'd apologize, but I'm cutting ruthlessly. We're just getting a lot of truly excellent entrants. Voting runs through to 12 Noon PDT\/MST Monday. I'll announce the winners of this week's awards soon thereafter. Here is this week's short list of nominees.Jim\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3822,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3822\/caption-this-photo-president-bush-at-the-olympics\/","url_meta":{"origin":5598,"position":5},"title":"Caption this photo: President Bush at the Olympics","author":"Greg Swann","date":"August 9, 2008","format":false,"excerpt":"My entry: \"A gentleman always makes eye-contact.\"","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=5598"}],"version-history":[{"count":3,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5598\/revisions"}],"predecessor-version":[{"id":5601,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/5598\/revisions\/5601"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=5598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=5598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=5598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}