Financial conglomerates should be intermediaries but they have become a dangerous substitute for a poor "real economy". Their profits, due in part to high leverage, are illusory. It was a huge mistake to dedicate trillions of dollars of resources to maintain the current financial sector and financial conglomerates.
Recession seems to be making unemploment for many. Its really inceasing worries of good professional's with gerat decrees and making them pray to be employeed. But in all this, happiest people looking little or absolutly nil worried about this huge word "Recession" are small business people with small decrees. They seemed to be not worried and even not at all affected by this slow down. Sometime i think that better to be self employed or having a small business than to work with large orgainsation and facing recession and threat of unemployment. It better to be live than to worring about living.
"...from the point of view of the empirical record, and the rival theory of endogenous money, this will fail on at least four fronts:
1. Banks won’t create more credit money as a result of the injections of Base Money. Instead, inactive reserves will rise;
2. Creating more credit money requires a matching increase in debt—even if the money multiplier model were correct, what would the odds be of the private sector taking on an additional US$7 trillion in debt in addition to the current US$42 trillion it already owes?;
3. Deflation will continue because the motive force behind it will still be there—distress selling by retailers and wholesalers who are desperately trying to avoid going bankrupt; and
4. The macroeconomic process of deleveraging will reduce real demand no matter what is done, as Microsoft CEO Steve Ballmer recently noted: 'We’re certainly in the midst of a once-in-a-lifetime set of economic conditions. The perspective I would bring is not one of recession. Rather, the economy is resetting to lower level of business and consumer spending based largely on the reduced leverage in economy'".
--Steve Keen http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/
because you probably live within your means. You probably don't have very much debt.
Those guys can't make a profit because they have failed huge. You can't be a minor fuck up and get ahead .... you have to be a complete and utter, totally huge, fuck up ... then you can get a job in Washington and rail about how you need to get that raise and your buddies need their bonuses.
onion...roll, get it? ;) The Sunday Morning Comics auto layoff reality show one I actually did not find funny at all but it was so full of truth it had to be there.
Gold and silver are not in competition with food.
Of course you can get something to eat with them. You can get something to eat with them ANYWHERE in the world.
PM's are in direct competition with FIAT and also out of the control of the FED since it represents honest money not based on government promises.
relatively recent Silver 50 cent piece
I got news for you. There hasn't been any silver in $.50 pieces since the early 60's.
Which, let's face it, would have far more value than the relatively worthless gold and silver. Can't eat those or get something to eat with them, I can't find a single business around here that will even take a relatively recent Silver 50 cent piece other than a coin collector.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
As a national security measure--and for the sake of national security and the common good--these credit card practices are affronts and a serious risk to the overall health and sovereign wealth of our country.
It's an arrogant assumption that people get smarter. After all, we have computers, digital watches, and plasma TV's now. They didn't have that 100 years ago, so we must be smarter, right?
100 years ago people didn't send their hard-earned savings to Wall Street. People didn't trust eastern bankers. People understood, and debated, what money was.
None of these things are true today.
I don't think we are smarter today. We've just just traded useful knowledge, like monetary policy, for useless knowledge, like the plots of reality TV game shows.
I've tried to put a lot of information, starting with the user guide on how to format posts. That's usually the big hassle for people is formatting. If all else fails you can also email me. EP has an secured email system on here so anyone who is a member can email anybody.
What you are going to find is that most, a high percentage of my footnotes about other country plans are from the individual governments or European news.
People who own assets outside of their control. People who do not believe the rhetoric that the high and mighty have everything under control. They got everything under control alright. Under their control ... but its not in our interest.
If you want something that makes common sense and is outside of the high and mighty control.... own physical gold and silver.
Now some would wince at that suggestion. I'm not talking the end of the world and storing ammo and seeds. I'm talking about honest money that isn't based on a government guarantee.
There is one thing on this, watch out for studies because we know the private health care industry is worth multi-billion dollars. There is many a major institutional investor banking on those profits growing, hence they have special interests in releasing studies which prove single payer socialized medicine (i.e. the UK, CAN, Finland, France, Sweden) is the "evil doer".....
I changed your formats. On the left hand side is the user guide and if you are using the rich text editor, there is a little button which shows you were to put the link to format your URLs.
a member of a United States political party formed in 1891 primarily to represent agrarian interests and to advocate the free coinage of silver and government control of monopolies.
a believer in the rights, wisdom, or virtues of the common people
Seems to be a party based on common sense. In these modern times, common sense is castigated by the high and mighty.
Thirty five years ago I had a girlfriend that always send she was born in the wrong era. She wished to be born 100 years ago. These days I wonder if she wasn't onto something with such wishes.
Good question. I think there are some policies which by plain old common sense, people know are really hurting the economy and the middle class.
Things like trade policy which ships their jobs and manufacturing overseas, health care costs are killing them, they see how a college education now does not mean economic security....
probably immigration too. I think most people out there know the various proposals just plain don't make any sense and are really unfair to U.S. workers. Most blue collar people know that illegal labor undermines their jobs and wages and they are very pissed about it.
I think the wisdom of the Populace showed up in the primaries....you could literally track the surge in the polls by who promised to reform these bad trade agreements which have devastated the rust belt. They know first hand because they witness the effects every day on their own lives many of these pure corporate agenda policies.
After that, it gets confusing for people. i.e. the radical right...they know this TARP and even the Stimulus is ridiculous....but do they really want "smaller government" or do they more want not corrupt, efficient government which provides for a host of services yet doesn't intrude on their lives? I don't know the answers but I'm pretty certain most regular folk earning a paycheck....
when the obvious is there and it affects them personally everyday....that is where the Populist consensus really lives...
and I don't think it makes it to the airwaves and the talking heads.
I think the airwaves and the talking heads try to capture it and use it to their own ends.
But I've got to put in the three things that helped ME (Laid off 2001-2003, in government for the next 5 years until they realized my internet addiction wasn't "within policy" even though I had been up front about it all along and tried to keep it within transportation and government and IT websites, then six months later finding a job that fit):
1. Volunteering- in general. More specific for me was church and Knights of Columbus. But ideally something that gets you out of the house.
2. Parenthood- my son was born and I got to be a stay at home daddy for the last six months of my first big 2 year layoff.
3. Government work. Just because it doesn't work for me, doesn't mean it can't work for you. There's something to be said about having your paycheck "guaranteed by law"- even if that doesn't mean as much as it once did (my stepmother-in-law, cue dark helmet jokes, is having her job as a high school athletics administrator cut down to a part time job after 15 years- foreclosed houses don't pay property tax). Still, this is where the stimulus money is.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
That is just purely unacceptable. I read these reports too and I'm sorry, to these asshats: put U.S. citizens preferred, first for jobs. that's tackling offshore outsourcing, use of guest workers/immigration system to displace US workers, repress wages and stop the use of illegal labor.
Period! They won't do it because their corporate puppet masters come out and whine and threaten.
It is their economic model and it has worked fine for them in good and bad times. The attorney is only speaking for his clients ... not Main Street.
It has always been about class warfare.
Financial conglomerates should be intermediaries but they have become a dangerous substitute for a poor "real economy". Their profits, due in part to high leverage, are illusory. It was a huge mistake to dedicate trillions of dollars of resources to maintain the current financial sector and financial conglomerates.
Recession seems to be making unemploment for many. Its really inceasing worries of good professional's with gerat decrees and making them pray to be employeed. But in all this, happiest people looking little or absolutly nil worried about this huge word "Recession" are small business people with small decrees. They seemed to be not worried and even not at all affected by this slow down. Sometime i think that better to be self employed or having a small business than to work with large orgainsation and facing recession and threat of unemployment. It better to be live than to worring about living.
Simon Johnson is making the rounds. It's about time.
See: http://abcnews.go.com/Video/playerIndex?id=7490761
"...from the point of view of the empirical record, and the rival theory of endogenous money, this will fail on at least four fronts:
1. Banks won’t create more credit money as a result of the injections of Base Money. Instead, inactive reserves will rise;
2. Creating more credit money requires a matching increase in debt—even if the money multiplier model were correct, what would the odds be of the private sector taking on an additional US$7 trillion in debt in addition to the current US$42 trillion it already owes?;
3. Deflation will continue because the motive force behind it will still be there—distress selling by retailers and wholesalers who are desperately trying to avoid going bankrupt; and
4. The macroeconomic process of deleveraging will reduce real demand no matter what is done, as Microsoft CEO Steve Ballmer recently noted: 'We’re certainly in the midst of a once-in-a-lifetime set of economic conditions. The perspective I would bring is not one of recession. Rather, the economy is resetting to lower level of business and consumer spending based largely on the reduced leverage in economy'".
--Steve Keen
http://www.debtdeflation.com/blogs/2009/01/31/therovingcavaliersofcredit/
because you probably live within your means. You probably don't have very much debt.
Those guys can't make a profit because they have failed huge. You can't be a minor fuck up and get ahead .... you have to be a complete and utter, totally huge, fuck up ... then you can get a job in Washington and rail about how you need to get that raise and your buddies need their bonuses.
It has always been about class warfare.
onion...roll, get it? ;) The Sunday Morning Comics auto layoff reality show one I actually did not find funny at all but it was so full of truth it had to be there.
Gold and silver are not in competition with food.
Of course you can get something to eat with them. You can get something to eat with them ANYWHERE in the world.
PM's are in direct competition with FIAT and also out of the control of the FED since it represents honest money not based on government promises.
I got news for you. There hasn't been any silver in $.50 pieces since the early 60's.
It has always been about class warfare.
Which, let's face it, would have far more value than the relatively worthless gold and silver. Can't eat those or get something to eat with them, I can't find a single business around here that will even take a relatively recent Silver 50 cent piece other than a coin collector.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
As a national security measure--and for the sake of national security and the common good--these credit card practices are affronts and a serious risk to the overall health and sovereign wealth of our country.
It's an arrogant assumption that people get smarter. After all, we have computers, digital watches, and plasma TV's now. They didn't have that 100 years ago, so we must be smarter, right?
100 years ago people didn't send their hard-earned savings to Wall Street. People didn't trust eastern bankers. People understood, and debated, what money was.
None of these things are true today.
I don't think we are smarter today. We've just just traded useful knowledge, like monetary policy, for useless knowledge, like the plots of reality TV game shows.
I've tried to put a lot of information, starting with the user guide on how to format posts. That's usually the big hassle for people is formatting. If all else fails you can also email me. EP has an secured email system on here so anyone who is a member can email anybody.
The URLs look a lot better using that format. I'll give it a try tomorrow.
I'll check out the format. Thanks.
What you are going to find is that most, a high percentage of my footnotes about other country plans are from the individual governments or European news.
Who can be against their positions???
People who own assets outside of their control. People who do not believe the rhetoric that the high and mighty have everything under control. They got everything under control alright. Under their control ... but its not in our interest.
If you want something that makes common sense and is outside of the high and mighty control.... own physical gold and silver.
Now some would wince at that suggestion. I'm not talking the end of the world and storing ammo and seeds. I'm talking about honest money that isn't based on a government guarantee.
It has always been about class warfare.
16.7% error rate is positively unbelievable.
There is one thing on this, watch out for studies because we know the private health care industry is worth multi-billion dollars. There is many a major institutional investor banking on those profits growing, hence they have special interests in releasing studies which prove single payer socialized medicine (i.e. the UK, CAN, Finland, France, Sweden) is the "evil doer".....
I changed your formats. On the left hand side is the user guide and if you are using the rich text editor, there is a little button which shows you were to put the link to format your URLs.
a member of a United States political party formed in 1891 primarily to represent agrarian interests and to advocate the free coinage of silver and government control of monopolies.
a believer in the rights, wisdom, or virtues of the common people
Seems to be a party based on common sense. In these modern times, common sense is castigated by the high and mighty.
Thirty five years ago I had a girlfriend that always send she was born in the wrong era. She wished to be born 100 years ago. These days I wonder if she wasn't onto something with such wishes.
Good question. I think there are some policies which by plain old common sense, people know are really hurting the economy and the middle class.
Things like trade policy which ships their jobs and manufacturing overseas, health care costs are killing them, they see how a college education now does not mean economic security....
probably immigration too. I think most people out there know the various proposals just plain don't make any sense and are really unfair to U.S. workers. Most blue collar people know that illegal labor undermines their jobs and wages and they are very pissed about it.
I think the wisdom of the Populace showed up in the primaries....you could literally track the surge in the polls by who promised to reform these bad trade agreements which have devastated the rust belt. They know first hand because they witness the effects every day on their own lives many of these pure corporate agenda policies.
After that, it gets confusing for people. i.e. the radical right...they know this TARP and even the Stimulus is ridiculous....but do they really want "smaller government" or do they more want not corrupt, efficient government which provides for a host of services yet doesn't intrude on their lives? I don't know the answers but I'm pretty certain most regular folk earning a paycheck....
when the obvious is there and it affects them personally everyday....that is where the Populist consensus really lives...
and I don't think it makes it to the airwaves and the talking heads.
I think the airwaves and the talking heads try to capture it and use it to their own ends.
But I've got to put in the three things that helped ME (Laid off 2001-2003, in government for the next 5 years until they realized my internet addiction wasn't "within policy" even though I had been up front about it all along and tried to keep it within transportation and government and IT websites, then six months later finding a job that fit):
1. Volunteering- in general. More specific for me was church and Knights of Columbus. But ideally something that gets you out of the house.
2. Parenthood- my son was born and I got to be a stay at home daddy for the last six months of my first big 2 year layoff.
3. Government work. Just because it doesn't work for me, doesn't mean it can't work for you. There's something to be said about having your paycheck "guaranteed by law"- even if that doesn't mean as much as it once did (my stepmother-in-law, cue dark helmet jokes, is having her job as a high school athletics administrator cut down to a part time job after 15 years- foreclosed houses don't pay property tax). Still, this is where the stimulus money is.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
That is just purely unacceptable. I read these reports too and I'm sorry, to these asshats: put U.S. citizens preferred, first for jobs. that's tackling offshore outsourcing, use of guest workers/immigration system to displace US workers, repress wages and stop the use of illegal labor.
Period! They won't do it because their corporate puppet masters come out and whine and threaten.
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