On Sun, 9 Mar 2008 18:23:19 -0700 (PDT), Video61@[EMAIL PROTECTED]
wrote:
>On Mar 9, 4:58 pm, Igor The Terrible
><igor_the_terri...@[EMAIL PROTECTED]
> wrote:
>> On Mar 9, 1:28 pm, 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. 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).- Hide quoted text -
>>
>> > - Show quoted text -
>>
>> Excellent post as usual.
>
>thanks:)
Though you might credit the last two paragraphs to their source. ;->
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