Yes, but it is immoral for government officials to encourage people to commit crimes, it is called entrapment and is illegal in the United States. Surely, the feds do this on a regular basis.
An "Honest" professional politician can't exist.
Uuh, actually it's possible. Ron Paul. Look him up. He told us it would be tough but Americans don't like bearer of bad news.
Not to worry, every welfare system is doomed to eventually collapse. Look at the Soviet Union - the whole system was welfare, everybody was on welfare. It collapsed.
Liberty and free markets are the only long-lasting and sustainable system where people depend on themselves or voluntary contributions of other people. It will take long time for humanity to unequivocably come to this conclusion but it is just a matter of time before they do. Truth will always prevail, and when we discuss economic systems the truth is that liberty, capitalism, and free markets are the best system to take care of the maximum number of people.
I am strong believer in liberty and our time will come, it just takes a while.
Hardly out of nowhere.. letting them fail would be far more harmful to the economy.
Really? Whose "economy"? The bankers? Or the people's? Wall Street's? Or Main Street's? From where I look it seems like Main St is pretty f***ed up. And how exactly would "letting them fail" be "harmful"? Dude, you're watching too much Fox and CNBC. Start thinking for yourself. Claiming that an institution is too big to fail is one big step towards elitism and destruction of free markets.
The problem isn't the basic idea of having a 'czar', which is a good idea. The issue is that we have too many czars appointed, so it has become difficult to keep track of them all and coordinate their efforts. What we need is a single individual given the executive power to oversee all of these czars, and appoint them, discipline them, and fire them at will, so as to centralize control of the czars. That person will be the Czar Czar.
We have that - he's called the President of the United States. He is such a czar-czar that he can order who will be the CEO of GM & BofA, and what compensation they should receive, soon enough he'd be able to tell ya what toilet paper to use: baby face or sandpaper-tough-spot exterminator - make sure to submit your hemorrhoid report to the government weekly or else
That said, gold seems to be rather high right now, while stocks are quite low.
I think you forget about one very important factor. The governments of the world are manipulating gold. Gold should be a lot higher now than it is. I think gold should be ~ $2000/oz but the IMF and other central banks are selling gold to hold price low in hopes that somehow the current crisis will go away and then gold prices will crash and people will run back to stocks. I think this is not happening. The current financial system based of fraud and funny money is on its death bed. So it's still not late at all to protect one's savings.
The government would more likely refuse to pay their debts / print out 12 trillion dollars than steal gold.
Huh? Why not steal gold? The government already did it in 1933. FDR stole american's gold and then turned around and set gold from $22/ounce to $35/ounce, which automatically devalued americans' gold by 40%. Read some history buddy!
I'm amazed that in this day and age there are still people who think gold has inherent value
You're either stupid or joking - which one is it?
If gold had inherent value we'd be using it for something else than money, doh! Gold has all the qualities of money -it's easy to split, does not rust, corrode, it's easy to carry, does not smell, etc. etc. etc.
By your logic we should see people running to the grocery store with buckets of petrolium (because, according to you - it has "inherent" value) to buy milk or whatever.
Oh, and on the same note: what "inherent" value does exactly a $1 Federal Reserve note have? or a $100 Federal reserve note? except that it's pretty good at wiping your ass after you took a crap?
I suggest you go and read some economics before you come with this diarrhea about not having "inherent" value. In particular, read about the "definition of money" and also read about "barter economy".