mame
Well-Known Member
http://www.nytimes.com/2010/07/16/business/16goldman.html
bam!
couple things bother me about this though:
bam!
couple things bother me about this though:
Goldman Sachs to pay 550 million to settle fraud case
- Thread starter mame
- Start date
550 million is 2 weeks of GS operating profit. 1 paycheck to you and me, not that bad. FWIW GS has never made a losing bet or speculation in the last 400 days, they make a profit every day no matter what. Its great to have all your former employees occupying all the government regulator and cabinet positions. When your too big to fail you are also to big to be caught in anything illegal. Like JP Morgan and there shorting of silver to the tune of 4 times more silver than even exists, naked shorting, illegal, CFTC does nothing.
You mean thank the silly government of 1913, they are the ones who started all this shit.
Oh, well then it was Greenspan, not Bush. The president has no control over monetary policy at all, the fed controls with absolute domination. The fed reserve system was legislated into law in 1913.
abe23
Active Member
Central banking is not the root cause of the crisis. Obviously, if we didn't have a central banking system, there wouldn't have been a crisis....
But that's basically like having your car break down and saying if you didn't have a car, you wouldn't have to worry about checking the oil and keeping it maintained, so you should never have gotten a car in the first place. It's not the car's fault. It's your dumb fault for abusing it....
But that's basically like having your car break down and saying if you didn't have a car, you wouldn't have to worry about checking the oil and keeping it maintained, so you should never have gotten a car in the first place. It's not the car's fault. It's your dumb fault for abusing it....
ohnothimagin
Well-Known Member
From today's Washington Post:
http://voices.washingtonpost.com/postpartisan/
It's pretty clear the banks own the congress and nothing is going to change for the better.
http://voices.washingtonpost.com/postpartisan/
It's pretty clear the banks own the congress and nothing is going to change for the better.
blazin256
Well-Known Member
it makes so much since now. it's OUR fault stock markets crash, housing bubbles, predatory lending, and cause risky investments. no, this was DESIGNED to happen just like the first great depression. consolidation of power, and redistributing wealth.
abe23
Active Member
Though I appreciate your attempt at sarcasm, that's not at all what I was saying....
My point was that the alternative to the kind of banking system we have (i.e. bartering or stuffing gold coins under your mattress) isn't going to give you much economic growth.
Walking serves the same purpose as driving a car....it just gets you there a bit slower.
But yeah, you're right. Let's all put on our tinfoil hats and fight the evil conspiracists. Maybe we can blame it on the jews....? Or is that frowned upon these days?
Mr.KushMan
Well-Known Member
Why must you be to averted to accepting new information?
It is obvious that every form of western economy is failing. Property ownership is an amoral attitude, fiat currencies all come to an end mathematically, and the democracy men hold so dear is a fallacious form of leadership(however irreplaceable in the real world).
We need a paradigm shift that science and religion almost directly point to. Monetarism is what creates institutions that want to self-preserve before they default. A church that would rather burn people alive than have unserving slaves throughout the country and not continue that stream of revenue. Monetarism forces people to work beyond their means, having an unhealthy survival on slavery workshops. Monetarism creates an industry that is able to convince people they all need the newest most expensive toy. Monetarism allows wealth to transfer upward almost unanimously.
Consumerism is just as much of the problem, both because the economy relies on it, and because it tells advertising and marketing firms that what they are doing is right. So if to feed the economy an industry must be set up to lie through its teeth and unrelentingly make statements that are so out of reach that the consumer doesn't even blink, they just get a reminder 'oh that sock would filter my fish tank perfectly', or 'oh I saw a slut wearing that piece not two days ago.' An industry built upon reminding the consumer that they still exists beyond the last commercial they saw.
The way we need to think is that we are all in this together. And we all need the same things. Think about the biggest industries in the US, cars that break down, stocks that 5% of the population actually understand, oil that has vested interest in politics and war, pharmaceuticals can convince anyone that anyone is crazy, advertising, which encompasses many many strings of industry(agents, managers, actors, directors, ect..). The people making the most money are the people making things that no body wants; profits. Profits require a form of psychotic behavior that allows and infact is surrendered to absolute control. These men love this power and are addicted to the chemicals the train of thought they live with produces.
We need to couple together quantum theory, as classical physics describes an inanimate mechanistic world, solipsism, plutonic/cartesian/communistic philosophy. Ideally there would be no lead figure head as that defeats the purpose of democracy, a democratic leader who makes autocratic decisions(that was the down fall of Rome). Technological advancement in medicine, natural and laboratory sciences, and technical infrastructure. Of course no form of currency would circulate, all are entitled to all, which would stop need for theft and looting. All drugs of pharmaceutical quality would be available through a pharmacy. More jobs would be created, less loss would be incurred, and overall people would want to be part of the marvel of man just because they have the opportunity. And we wouldn't barter, because that directly inspires ownership, but take what you need(we have so much excess and even distribution points) stuff thats not needed will truly fade out and can't be bailed out for sure.
If teens could have free access to watching and learning directly from the creators of computer software, or how to engineer a device like the iPad at Apple. People would have much more intrigue into the field, I mean probably 25% of the population work in industries that only make money, private banks, law offices, corporate buildings, politics,ect. the homeless. I mean the only reason there isn't enough jobs is when there were enough the US top tax rate was 90%, maybe half that now. And because losing money is the last option, so remove money and there is no stopping how much we can do.
It truly is the most paralyzing social instrument ever devised. Created by gold smiths who printed fake promissory notes in order to create gold that doesn't exist, in order to generate interest on outgoing loans. "If a small amount of well communicated economists have access to indescribable fortunes, they can very quickly control the entire world."
Peace
PS I should also mention the shit-grinning hate for "socialism", however bailouts, subsidies, and tax cuts are socialized tools created for the rich.......A big fuck you to the working class.
It is obvious that every form of western economy is failing. Property ownership is an amoral attitude, fiat currencies all come to an end mathematically, and the democracy men hold so dear is a fallacious form of leadership(however irreplaceable in the real world).
We need a paradigm shift that science and religion almost directly point to. Monetarism is what creates institutions that want to self-preserve before they default. A church that would rather burn people alive than have unserving slaves throughout the country and not continue that stream of revenue. Monetarism forces people to work beyond their means, having an unhealthy survival on slavery workshops. Monetarism creates an industry that is able to convince people they all need the newest most expensive toy. Monetarism allows wealth to transfer upward almost unanimously.
Consumerism is just as much of the problem, both because the economy relies on it, and because it tells advertising and marketing firms that what they are doing is right. So if to feed the economy an industry must be set up to lie through its teeth and unrelentingly make statements that are so out of reach that the consumer doesn't even blink, they just get a reminder 'oh that sock would filter my fish tank perfectly', or 'oh I saw a slut wearing that piece not two days ago.' An industry built upon reminding the consumer that they still exists beyond the last commercial they saw.
The way we need to think is that we are all in this together. And we all need the same things. Think about the biggest industries in the US, cars that break down, stocks that 5% of the population actually understand, oil that has vested interest in politics and war, pharmaceuticals can convince anyone that anyone is crazy, advertising, which encompasses many many strings of industry(agents, managers, actors, directors, ect..). The people making the most money are the people making things that no body wants; profits. Profits require a form of psychotic behavior that allows and infact is surrendered to absolute control. These men love this power and are addicted to the chemicals the train of thought they live with produces.
We need to couple together quantum theory, as classical physics describes an inanimate mechanistic world, solipsism, plutonic/cartesian/communistic philosophy. Ideally there would be no lead figure head as that defeats the purpose of democracy, a democratic leader who makes autocratic decisions(that was the down fall of Rome). Technological advancement in medicine, natural and laboratory sciences, and technical infrastructure. Of course no form of currency would circulate, all are entitled to all, which would stop need for theft and looting. All drugs of pharmaceutical quality would be available through a pharmacy. More jobs would be created, less loss would be incurred, and overall people would want to be part of the marvel of man just because they have the opportunity. And we wouldn't barter, because that directly inspires ownership, but take what you need(we have so much excess and even distribution points) stuff thats not needed will truly fade out and can't be bailed out for sure.
If teens could have free access to watching and learning directly from the creators of computer software, or how to engineer a device like the iPad at Apple. People would have much more intrigue into the field, I mean probably 25% of the population work in industries that only make money, private banks, law offices, corporate buildings, politics,ect. the homeless. I mean the only reason there isn't enough jobs is when there were enough the US top tax rate was 90%, maybe half that now. And because losing money is the last option, so remove money and there is no stopping how much we can do.
It truly is the most paralyzing social instrument ever devised. Created by gold smiths who printed fake promissory notes in order to create gold that doesn't exist, in order to generate interest on outgoing loans. "If a small amount of well communicated economists have access to indescribable fortunes, they can very quickly control the entire world."
Peace
PS I should also mention the shit-grinning hate for "socialism", however bailouts, subsidies, and tax cuts are socialized tools created for the rich.......A big fuck you to the working class.
blazin256
Well-Known Member
you can blame it on whoever you want, but it is fact (not conspiracy) that there are people hell bent on control of the world. hell i guess that's our fate, being controlled.
and i could care less about "economic growth" then i could about food, safety, shelter, etc.