Yep, compared to the guys that had air conditioned buses bringing em in and taking em home every night. Oh, that's right. Baggers didn't protest more than a few hours at a time. Even Right Guard can handle that. As long as these protesters are largely peaceful, who cares about one 'virulent' opinion.
Not funny at all. You actually sound a bit bigoted. After all, why would I advocate the 1% if I'm not a member? Now that's funny.
My argument is that for the last 10+ decades banks have owned politicians. The last three decades, which coincidentally coincides with the conversion to true fiat and the massive credit bubble, have no doubt allowed them to consolidate power and wealth massively.
Not sure I understand that. My portfolio is made up of land and other physical assets. Likely to lose nominal $ value in the short term, but have long term strategic value. I can promise you, if senior bondholders of sovereign debt are about to take a 50% haircut... we are all going to take a "haircut." "Old money" always makes money both ways. I agree. Thus the long lasting ruling families around the world.
Printing money has been alway been the strategy IMO. Lest we forget the US experienced partial hyperinflation after the Civil War. Lincoln printed the infamous fiat "Greenbacks." Weimar, South America, etc etc. When bankers buy governments they print fiat money until the people are wiped out. What's telling in this current "liquidity" crisis is the Germans extreme fear of monetizing debt and it is holding up this whole bailout bonanza in Europe. Why doesn't the ECB just print tons of money like we did and "juice the markets"? It's because in Germany everyone knows the path it leads to. Been there done that recently last century.
I look at Ben like I do O. As characters doing their part. Ben is just the face of the corrupt organization. A product of the system.
I don't know. Maybe it's because I went to school with a bunch of Germans, but I think this country is risking it's long term security for fast gain. I'm just investing in what seems to be the logical outcome of our monetary and fiscal policies. Diversified of course. We all have our normalcy bias which should be hedged against.
I'd sit in the tank for 24 to poop on Goldman Sach's front door. Just do it at night and try not to get caught. I'd consider it a small moral victory for what they've done.
http://www.dailykos.com/story/2011/10/09/1024636/--OWS:-Take-this-video-VIRAL,-NOW!Printing money has been alway been the strategy IMO. Lest we forget the US experienced partial hyperinflation after the Civil War. Lincoln printed the infamous fiat "Greenbacks." Weimar, South America, etc etc. When bankers buy governments they print fiat money until the people are wiped out. What's telling in this crisis is the Germans extreme fear of monetizing debt and it is holding up this whole bailout bonanza in Europe. Why doesn't the ECB just print tons of money like we did and "juice the markets"? It's because in Germany everyone knows the path it leads to. Been there done that recently last century.
I look at Ben like I do O. As characters doing their part. Ben is just the face of the corrupt organization. A product of the system.
I don't know. Maybe it's because I went to school with a bunch of Germans, but I think this country is risking it's long term security for fast gain. I'm just investing in what seems to be the logical outcome of our monetary and fiscal policies. Diversified of course. We all have our normalcy bias which should be hedged against.
I'd sit in the tank for 24 to poop on Goldman Sach's front door. Just do it at night and try not to get caught. I'd consider it a small moral victory for what they've done.
You can't ever stop boom bust cycles. The question is do we let the market control the boom bust cycles or do we let a small group of people control it?
Regulation did curb boom/bust. It's in the list I posted. Boom/bust isn't just measured by event, it's also measured by degree. Elizabeth Warren isn't just a progressive, she's a scholar. That said, I understand you and I have a bit of philosophical disagreement.40-50 years of "regulation" didn't stop the boom bust cycle. We've just been expanding credit at an unsustainable rate for 30+ years. We've been living in the boom and now we get to see the big bust.
