On Mar 9, 1:28=A0pm, Vide...@[EMAIL PROTECTED]
wrote:
> 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. =A0I 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. =A0Who knows, maybe we need
> > our assholes reamed 10 - 20 sizes over to kick start the dormant gray
> > matter atrophied between our ears. =A0After 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? =A0Couldn'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? =A0Not only that,
but
> > get it at the fraction of the price!!!?!?!
>
> > --ItT
>
> =A0old ray just proved your point.
> =A0laissez-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.
>
> =A0Lincolns comment on"free trade" was, "If I buy $1000 of steel from
> abroad, we have the steel, but foreigners have the $1000. =A0If I buy
> the steel in America,
> we have the steel and Americans have the $1000."
>
> =A0Using 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.
>
> =A0let 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.
> =A0i have yet to meet a conservative/libertarian that understands debt,
> or sustainable economics.
>
> =A0 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".
>
> =A0While the great sage Bob Rubin was advising Hillary Clinton on sound
> fiscal policy, he seemed to be asleep at the Citigroup switch.
>
> =A0As 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?"
> =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 - Gen. Custer
>
> There is =A0a great deal of psychological comfort to be found in a fully
> fledged ideology such as laissez faire =A0because it removes the need
> for
> critical thought. =A0The 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 =A0at 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. =A0This is especially
> appealing =A0to the less intellectually curious.
>
> =A0Psychologically, political ideologies are akin to religion and their
> practitioners behave in an essentially religious manner. =A0For example,
> in the case of laissez faire, its disciples =A0chant "let the market
> decide" in the manner of Christians saying "God will provide."
>
> =A0Those amongst the elite who are not true believers in laissez faire
> will, =A0in most cases, =A0toe the ideological line because they deem it
> prudent to do so for their own careers =A0and security. =A0The 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. =A0Anybody
> remember when new technologies were the bases for economic miracles?
> Or when economic miracles produced wealth for anyone other than
> CEO's? =A0 Anybody remember when "economic miracle" and "workers in
> extreme poverty" weren't synonyms?
>
> =A0ayn rand novels are not historically accurate, nor are they the
> product of a stable mind.
> =A0what is the definition of a crank? one who gives out advise that
> makes no sense at all.
> =A0what 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
>
> =A0none of this stuff will be done much by government action, it can't.
> the free market still has way to much power.
> =A0what 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.
> =A0that 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.
> =A0it 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? =A0Good 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).- Hide quoted text -
>
> - Show quoted text -
Excellent post as usual.
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