On Mar 9, 8:28 am, Igor The Terrible
<igor_the_terri...@[EMAIL PROTECTED]
> wrote:
> I'll be amazed if we don't have a financial collapse within 50
> months. I feel pretty confident in saying...it's coming!
>
> I've never seen dumber, greedier and more incompetent people involved
> in industries driving markets in my life. Who knows, maybe we need
> our assholes reamed 10 - 20 sizes over to kick start the dormant gray
> matter atrophied between our ears. After all the dust settles and we
> try and salvage (not much) whatever is left, hopefully the question
> will pop in our minds----------------what is a ****ing MBA from Yale,
> Harvard, Wharton, etc... REALLY worth? Couldn't someone go to state
> university and receive just as dangerous education; or perhaps, being
> a little more optimistic and pragmatic, a superior one that would have
> instilled enough critical thinking skills in the skulls of these
> idiots who were brain dead at the wheel and allowed this **** to
> happen and dodge the bull**** in the first place? Not only that, but
> get it at the fraction of the price!!!?!?!
>
> --ItT
old ray just proved your point.
laissez-faire is a religion. the high priests and their chanters will
tell you they can stop bullets, and raise the dead. they publicly
announce with pride their adherence to their faith. alan blinder
recently did just that, he looked rather pathetic and foolish as the
free market implodes the worlds economy.
Lincolns comment on"free trade" was, "If I buy $1000 of steel from
abroad, we have the steel, but foreigners have the $1000. If I buy
the steel in America,
we have the steel and Americans have the $1000."
Using the herds already created by religion and political ideology to
sell a totally backward proposition contrived by free market
ideologues is an
act that needs a countervailing force.
let the men and women who are wisdom-less speak, we shall free trade,
devalue the currency, and borrow our way back to prosperity. debt is
money.
i have yet to meet a conservative/libertarian that understands debt,
or sustainable economics.
all free trade has done is to "drive innovative hard working
americans, into go no where, or part time jobs, driving them deep into
debt, to borrow money back that used to be ours, to buy the goods and
services we used to make".
While the great sage Bob Rubin was advising Hillary Clinton on sound
fiscal policy, he seemed to be asleep at the Citigroup switch.
As Warren Buffett has said, we are giving ourselves a party to feed
our appetite for oil and im****ted goods and paying for it by selling
off the furniture, our most precious assets.
"Indians? What Indians?"
- Gen. Custer
There is a great deal of psychological comfort to be found in a fully
fledged ideology such as laissez faire because it removes the need
for
critical thought. The ideology is used as an algorithm. All the
individual has to do in any situation is to ask what the ideology
requires by way of action. The fact that the action may be harmful or
the ideology objectively at odds with reality is emotionally
unim****tant for the individual. What matters is that an answer has
been
found which is compatible with the ideology. This is especially
appealing to the less intellectually curious.
Psychologically, political ideologies are akin to religion and their
practitioners behave in an essentially religious manner. For example,
in the case of laissez faire, its disciples chant "let the market
decide" in the manner of Christians saying "God will provide."
Those amongst the elite who are not true believers in laissez faire
will, in most cases, toe the ideological line because they deem it
prudent to do so for their own careers and security. The few who
speak
out against it are simply sidelined.
ROBERT HENDERSON
It seems that GM is attempting to follow the economic miracles in
China, India and Mexico where cheap labor attracts money. Anybody
remember when new technologies were the bases for economic miracles?
Or when economic miracles produced wealth for anyone other than
CEO's? Anybody remember when "economic miracle" and "workers in
extreme poverty" weren't synonyms?
ayn rand novels are not historically accurate, nor are they the
product of a stable mind.
what is the definition of a crank? one who gives out advise that
makes no sense at all.
what is the definition of a crank? one who accepts, or embraces
advise that makes no sense at all.
our state and nation have experienced major declines resulting from
contem****ary conservative leaders and their simplistic ideas. their
dour polices regularly fail to connect the dots, let alone comprehend
the space between them.
richard a. swanson
none of this stuff will be done much by government action, it can't.
the free market still has way to much power.
what will change free market economics, is the markets themselves.
they will work their magic just like in 1929, and collapse. that
collapse will allow the worlds economy to decouple, just like in the
late 1920's.
that collapse will do immense damage to the wealthy, it will limit
their ability to fund crank science which is used to indoctrinate the
herds. then governments can reform the worlds economies to work for
all, not the few.
it could create much instability, and unleash extremism, but free
markets is extremism, so it will be a problem not to let the pendulum
to swing to far in the other direction.
definition of a cult:Confusing Doctrine Encouraging blind acceptance
and rejection of logic through complex lectures on an incomprehensible
doctrine, Chanting and Singing Eliminating non-cult ideas through
group repetition of mind-narrowing chants or phrases
All the data has been pointing to a major melt down for 2 years. It's
been propped up with tricks and gum and bailing wire which has only
served to let the house of cards be built higher.
The voices who have been denying it have been engaged in exactly the
opposite of what you're carping about. They've known the house would
collapse if people didn't keep assuring the next round of suckers that
everything was fine. Federal deficit? Doesn't matter. Trade deficit?
No big deal. Lower dollar? Good for ex****ts. Unsup****table lending?
Look at all the home "owner****p". Record foreclosures? Personal
failings. Tax cuts wrecking the fiscal house? They'll' increase
revenues (a lie again).
|
