Who I think is most to blame for the current economic mess
MsMorrisine
Posts: 33,017 ✭✭✭✭✭
world politicians.
you?
you?
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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And not as in the United States, but you and me.
Knowledge is the enemy of fear
In God We Trust.... all others pay in Gold and Silver!
<< <i>US.
And not as in the United States, but you and me. >>
Mostly you. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I'm seeing more and more people who absolutely have little or nothing to offer. From whiners to dead beats to people who have no marketable skills to people who spent too much time eating the paint off the walls.
Greed is the root of it all imo. Use to be if a deal was fair and benefited both/all of those involved, that was good enough.
Now, it's just not good enough to get what you want and be fair about it keeping in mind that if you're fair that would leave the door open for more business in the future, now they want to rape you in the process and to hell with the future.
Sorry to be so blunt, but it's just how I feel about it all.
He did his sister in law in 1899 and spent the rest of his career intellectualizing it.
People "misunderstood" and this led to the belief in the "subconscious" that re-
moves responsibility for even the most heinous acts from the individual. Fifty
million people have died for a human dalience.
It's time to be bigger than we are.
2. Phill Gramm
3. Robert Rubin
4. SEC
5. The Bernanke
6. Chris Dodds & Barney Frank
7. Tim Geither
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>1. Alan Greenspan
2. Phill Gramm
3. Robert Rubin
4. SEC
5. The Bernanke
6. Chris Dodds & Barney Frank
7. Tim Geither >>
Ronald Reagan made "greed" the law of the land. It is no longer good to create wealth but stealing it
is the gold standard. Even MF Global's bosses got big bonuses as they destroyed the company and will
get powerful positions in the evil empire known as MS. They will then work for the governmenty to de-
fine what's right and wrong.
Nice list but it goes bac another generation.
People are living longer than anticipated.
keeping a 92 year old grandpa alive for a year probably costs more than whatever an average Chinese will ever hope to earn in his lifetime.
Groucho Marx
1.Thomas Edison
2.The Wright Brothers
3.Benjamin Franklin
4.Charles Babbage
5.Marie Curie
6.Alexander Bell
7.Leonardo Da Vinci
8.Galileo
9.Newton
and
10.Archimedes
Liberty: Parent of Science & Industry
Most of my friends got out of school, bought a nice sport car, leased a hella posh apt, and bought more gadgets and gizmos than I knew existed... Why? Most common answer 'Because I deserve it' Six years later they are, in general, strapped by debt trying to get free with little or no savings for emergencies or retirement. All because they needed or deserved it...
Our society on the states and Europe have become an entitlement society. The spending associated with that is massive and not benificial in the long run. That I feel is one of the big causes to the current problems...
And lobbiest...
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
<< <i>
<< <i>US.
And not as in the United States, but you and me. >>
Mostly you. MJ >>
Knowledge is the enemy of fear
He did have a stark observation in the last debate - we are caught between a welfare mentality and a warfare mentality, both of which cost us dearly in more ways than just money.
I knew it would happen.
<< <i>I like Ron Paul - it's some of his rabid supporters that keep me from supporting him. I'm just not gonna do it.
>>
So you aren't supporting him in order to spite people who believe in him?
first hit. Removing all backing from fiat in 1971 took us to another level and created the debt-money machine. Finally, removing all the remaining safeguards in the system from
1998-2002 allowed the bankers to create their own monetary system totally independent from anything else and completely without controls.
Considering all this was quite reversible up to around 2002-2004, I'd give primary blame to all the masterminds that took down Glass-Steagall and instituted the Commodities
and Futures Modernization Act. Derryb has some of them listed above. Ultimately, uncontrolled otc derivatives is what really took leveraging to light speed and allowed no
logical way to compensate.
The budget should be balanced, * the Treasury should be refilled, * public debt should be reduced, * the arrogance of officialdom should be tempered and controlled, and * the assistance to foreign lands should be curtailed lest Rome become bankrupt. * People must again learn to work, instead of living on public assistance."
Cicero... 55 BC
rodarunner
Your question deserves an answer. I've always been in tune with monetary issues, so it wasn't hard to buy into Ron Paul's assessment of our fiscal issues. However, when I reached out to try and probe into Ron Paul's foreign policy statements with some honest questions - I got my head snapped off. If that's the mentality of his supporters, I'm not having anything to do with it, in fact I'll work against it.
I knew it would happen.
<< <i>So you aren't supporting him in order to spite people who believe in him?
Your question deserves an answer. I've always been in tune with monetary issues, so it wasn't hard to buy into Ron Paul's assessment of our fiscal issues. However, when I reached out to try and probe into Ron Paul's foreign policy statements with some honest questions - I got my head snapped off. If that's the mentality of his supporters, I'm not having anything to do with it, in fact I'll work against it. >>
Paul used to believe the US was in on 9/11...he later backtracked. Hes off his rocker. He went on tv telling Jay Leno that Bachmann wants to go after ALL muslims...hes a first class moonbat...he shouldnt even be in office now, forget POTUS!
A list of documents they want:
2yrs personal tax return
2 yrs business tax return
2 months recent bank staements
1 month check stub salary
New appraisal of property (property purchased 5 yrs ago)
copy of home insurance
copy of driver's license
survey documents of property
Real Estate lease document for business
Letter from CPA verifying 2 yrs self employment
Letter from CPA to verify a tax scedule
Copy of Patriot Act Customer ID Documentation Disclosure
State specific and federal disclosures signed by borrower
Mortgage statements from current lenders on all properties
Copy of asset Information
After this went on for 3 weeks, after approval, we kndly told them to go h_ _ _.
IMHO
When America took prayer & pledge of allegience out of the schools.
When parents gave little Johnny a riddlin instead of the business end of a belt.
Ya reep what ya sow folks!
Most of my friends got out of school, bought a nice sport car, leased a hella posh apt, and bought more gadgets and gizmos than I knew existed... Why? Most common answer 'Because I deserve it' Six years later they are, in general, strapped by debt trying to get free with little or no savings for emergencies or retirement. All because they needed or deserved it...
Our society on the states and Europe have become an entitlement society. The spending associated with that is massive and not benificial in the long run. That I feel is one of the big causes to the current problems...
And lobbiest...
I am in advertising. In sense you can blame us for the need to have the latest gadget. We are constantly being bombarded to keep up with the Joneses. The consumer needs to rethink what is important in life. There is dumbing down of the masses through marketing, zombie tv, high education costs...... When I went to a Prep school in the 70s the tuition was $1000 a year, today that tuition is over 18K. Granted, the dollar was worth a lot more back then, but these educational costs are astronomical. Colleges are out of reach for most individuals unless you go in to debt. Without educated citizens, the U.S. will rot from within. We could get away with not educating our citizens in the past, because we had a large manufacturing base. We now have 50 million on food stamps. Makes me believe we are in a depression without the food lines. The Federal Government can not sustain all these people on public assistance. There will be a point of no return. Don't know if we reached it yet.
Box of 20
<< <i>US.
And not as in the United States, but you and me. >>
YEP, The masses, the lemmings.
Everyone that keeps buying "Made in China" and doesn't support local markets.
Avarice and lust for power are scarcely new in the human experience. At issue is whether these essentially human appetites can eventually contrive to circumvent the framers' heroic and historic structure, designed in part to constructively channel them, and otherwise hold them at bay.
In response to the question: it is as it has always been. Human nature has again been at reckless play on all levels--from presidents to the politically indifferent--to contribute to this particular economic mess.
The only question for me is whether the checks and balances will reassert themselves as corrective devices, and whether faith in the structure will survive the immediate economic impact of the necessary corrections.
I believe that the Constitution is the best device humankind has ever conceived for effective, long-term governance and prosperity, so I more or less have to believe that it or its analog will survive and eventually triumph when all this shakes out.
Here's a warning parable for coin collectors...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Box of 20
<< <i>Humans have a way of not facing reality. The Holocaust for one comes to mind. Many Jews refused to believe what was happening to them til it was too late. Too much faith in humanity. I agree that Greed is a major cause of our problems. As far as check and balances, I fear that has been corrupted also. When the Supreme Court ruled that government may not ban political spending by corporations in candidate elections, it was game over. >>
Some of the germans pointed to the smoke rising from the incinerator stacks in the distance and told the jews what was happening and they still refused to believe that fellow
human beings were capable of commiting such atrocity... like you said until it was too late.
<< <i>economic crisis is occuring as designed. Greatest transfer of wealth in history. >>
There's not a lot left but the corpse of a once great economy but it is being sucked dry. People are standing by watching and squabbling about petty politics.
The people sucking it dry own the political system rather than any one party. They even control the communist party probably.
I suppose the survivors will just be slaves. They'll probably still be blaming it on one party or the other.
<< <i>Humans have a way of not facing reality. The Holocaust for one comes to mind. Many Jews refused to believe what was happening to them til it was too late. Too much faith in humanity. I agree that Greed is a major cause of our problems. As far as check and balances, I fear that has been corrupted also. When the Supreme Court ruled that government may not ban political spending by corporations in candidate elections, it was game over. >>
Yes. And worse is that we come to accept anything at all as normal and OK in
very short order. Once you start killing people it just seems completely natural.
There's too much hatred in the world and this is usually the trigger for the most
heinous acts. But you don't even have to hate people for killing them to be nat-
ural.
People are social animals and would rather be wrong with the majority or right
by themselves. We lack the courage of our convictions. It happens over and over
and always seems to surprise people.
Superstition is ugly and deadly. Left to its own devices it becomes a cancer that
eats away the moral fiber of a culture and leaves zombies capable of anything
at all.