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  1. #71
    Senior Member ptgatsby's Avatar
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    Quote Originally Posted by Little Linguist View Post
    Heh, yeah, and what is *that* financed by??? Oh, yeah, debt, like everything else grand and wonderful in the USA.

    Folks, admit it, you're living in Wonderland. And the house of cards is falling down, folks. And you know what's ironic? It only took a false breath on the right card to do it.
    Eh, that's not a problem. Debt is very useful in any economic system.

    'Someone' raises debt to do something, the money goes to those that do it, enters the economy, and is repaid to the "someone". It really isn't the nightmare everyone talks about... and it is the foundation of every financial system out there. Granted, it has more complex mechanisms than just 'cash', but it does work pretty well. Until it gets out of control, heh. I'm sitting on 100% bank stocks in Canada right now, and I'm down... uhh... 2% since I bought early this year. Good oversight is what is needed.


    The world isn't ending. It might slow things down, but the real wealth created through the economic system probably won't pull back much. That is, an actual 1929 depression isn't too likely - that'd require a banking failure (or other economic shock).

  2. #72
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by Little Linguist View Post
    Heh, yeah Nomad, but interest rates are - and they have like sole control over that. A private bank. Heh. Now I don't want to say gov't would do any better. Shit, I don't want a moron like Bush controlling that either, but DAMN. Can't you guys come up with a better alternative?
    Let the market set interest rates?
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  3. #73
    Order Now! pure_mercury's Avatar
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    Quote Originally Posted by Modern Nomad View Post
    well true that what greenspan did

    but i blame more his ayn rand philosophy more than anything.

    bernanke is really a good guy tho... lol
    His Ayn Rand philosophy? Greenspan didn't run the Fed like a libertarian AT ALL. Christ, a lot of libertarians wouldn't even TAKE that job, on principle.
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  4. #74
    mountain surfing nomadic's Avatar
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    Quote Originally Posted by pure_mercury View Post
    His Ayn Rand philosophy? Greenspan didn't run the Fed like a libertarian AT ALL. Christ, a lot of libertarians wouldn't even TAKE that job, on principle.
    i don't think every ayn rand philosophy person is a libertarian.

  5. #75
    Striving for balance Little Linguist's Avatar
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    Quote Originally Posted by pure_mercury View Post
    His Ayn Rand philosophy? Greenspan didn't run the Fed like a libertarian AT ALL. Christ, a lot of libertarians wouldn't even TAKE that job, on principle.
    Eh, no wonder....
    If you are interested in language, words, linguistics, or foreign languages, check out my blog and read, post, and/or share.

  6. #76
    Senior Member reason's Avatar
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    Quote Originally Posted by Little Linguist View Post
    ... but rather attacks the underlying problems that are causing all this crap.
    Politicians have never been quick to attack themselves, so don't hold your breath.

    The market will correct itself, given time. It has been living a lie, and through prices has repeated that lie to countless individuals. Prolonging the lie is not the answer, even though it may appeal to politicians (who have short time horizons). Fortunately, enough people are irked, for various reasons, with the prospect of their tax money being used to bail out these corporations, that the snowball of lies may be stopped early. Or at least that's what I think.
    A criticism that can be brought against everything ought not to be brought against anything.

  7. #77
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    Quote Originally Posted by Modern Nomad View Post
    ^ politics and economics in the US is more tied together, like never i've ever seen before.

    it actually scares me more, that its more tied together. i don't trust politicians, because they have ulterior motives, and if anything they depend on voters, and voters are usually not well informed enough.
    Yea... it's a clusterf***. I cannot blame enough the ignorance and inaction of the American people for so many years. Everyone informed on the matter saw something like this coming for MANY years ahead of time. Alas, there seems to be little hope of American people waking up and taking the necessary actions themselves to change the country and government without a huge calamity befalling us first.

    With that said I had some hope that the house republicans would display some integrity and keep this bill from passing as it is, because it is still a socialist pile of dung, as they themselves have said. However, it seems the republicans and democrats who voted no today did so mainly because they were offended by the s***y house speaker Pilosy and her hypocritical partisan BS, as opposed to voting no because the bill SUCKS BALLS and goes against their own sense of whats good for the country. I do not know why I expected politicians to actually display some integrity....

    I have no idea where the bill is going to go from here. The whole situation bothers me (as a staunch INTP :p ) because unlike most other things such as science and politics, I know very little about the workings of the overly complicated economy, and therefor have little insight of my own as to what a better solution would be. What scares me more than that is realizing that if I know so little about the whole system, then the average American most likely knows even less about it. Not trying to come off as arrogant, I'm just trying to call it how I see it.

  8. #78
    mountain surfing nomadic's Avatar
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    Quote Originally Posted by reason View Post
    Politicians have never been quick to attack themselves, so don't hold your breath.

    The market will correct itself, given time. It has been living a lie, and through prices has repeated that lie to countless individuals. Prolonging the lie is not the answer, even though it may appeal to politicians (who have short time horizons). Fortunately, enough people are irked, for various reasons, with the prospect of their tax money being used to bail out these corporations, that the snowball of lies may be stopped early. Or at least that's what I think.
    yeah, short the market if you believe the lies will continue

    im long the market right now. i actually believed congress would stop the lies today. they better pull thru tomorrow! bittcchees!! LOL

  9. #79
    Senior Member Eileen's Avatar
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    Quote Originally Posted by reason View Post
    Really? If they could, then most less wealthy people would do the same. Because I think that everyone pays too much tax, I do not judge the wealthy for trying to avoid it, instead I lament that the poor cannot do the same.
    Well--yeah, really. I think that taxes are necessary*, and I think that it makes sense that the wealthy pay more because they have more.

    *I would not call myself a fiscal conservative, clearly. I do think, though, that while taxes are good and necessary, they could be spent more wisely.
    INFJ

    "I can never be what I ought to be until you are what you ought to be. You can never be what you ought to be until I am what I ought to be. This is the interrelated structure of reality." -Martin Luther King, Jr.

  10. #80
    Striving for balance Little Linguist's Avatar
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    Quote Originally Posted by reason View Post
    Politicians have never been quick to attack themselves, so don't hold your breath.

    The market will correct itself, given time. It has been living a lie, and through prices has repeated that lie to countless individuals. Prolonging the lie is not the answer, even though it may appeal to politicians (who have short time horizons). Fortunately, enough people are irked, for various reasons, with the prospect of their tax money being used to bail out these corporations, that the snowball of lies can be stopped early.
    Snowball of lies is a good encapsulation of my view on the entire matter.

    Quite frankly, I think the Americans have to bail themselves out of this one. They are like a spoiled dog that shit on the floor. Then they look to us to clean it up. We aren't your masters. You are. We are 'old Europe' remember? Well, to hell with that. You take care of your own mess and get back to us when you think you're cool with dealing with us old farts.

    Eh, it's not American's fault of course. I bet 85% couldn't care a damn until their money is worth Jack shit. It's the government's responsibility to do what is right, and they are derelict in their responsibility - then, they expect Europe to help them out. *sigh*
    If you are interested in language, words, linguistics, or foreign languages, check out my blog and read, post, and/or share.

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