How will we know, the end is in sight?

1) When the size of the mortgage/credit default swap obligation is determined and who's been obligated?

2) When housing foreclosures are halted and the time frame of reducing the housing glut is calculated?

3) When consumer debt declines to an acceptable level?

4) When it's determined whether they're going to tax or inflate the money supply to pay for all the 'bailout' schemes and a final figure is given?

5) When we've waited 15-20 years for a new crop of financial suckers ready to play 'capitalism'?

6) When wall street's 'happy' with their bailouts and new re-regulations?

7) When US/wall street regains credibility throughout the world?

...the correct start will be in sight.

It will continue to compound and increase exponentially until a point is reached where it will be impossible to pay back

:scared:

Whether or not you believe that capitalism is a scam, you have to understand that what we have here is pervision of capitalism.

This is kind of like having the NBA allow bribes to be paid to the refrees and still calling it basketball.

The perversion is in the system itself --

It's a ridiculous "King-of-the-Hill System" intended --- in its unregulated state ---

to move the wealth and assets of the nation from the many to the few.

Unregulated capitalism is merely organized crime.




Here are some comments I posted elsewhere you might be interested in . . .

"An Opinion" . . .
Posted by defendandprotect in General Discussion
Thu Oct 09th 2008, 04:14 PM
There isn't any other end but power.
What delight is there but to be part of great events?
The sheer sense of control--power is the only end---
and if you don't like the code of the game, what is it then?
Love of country? Let me see it in people who really command.
How did the Tudors, Cecils, Brahmins rise?
The source of power is money."

Joe Kennedy, Senior


AND...

"...crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country. Today, instead, the aristocracy of the corporation has grown to full maturity, wielding power over the state and its laws in the service of corporate aims." ~ Thomas Jefferson

What's new . . . ?

We have government representatives, capitalists - and our make-believe press pretending it's
something new...



and...

And here's a Soviet joke . . . .

Posted by defendandprotect in General Discussion
Thu Oct 09th 2008, 04:24 PM
A Soviet joke

Question: What is the difference between capitalism and communism?

Answer: Under capitalism, man exploits man.

Under communism, it's just the reverse.

are "theirs" and what are you gonna do about it?

As has been done before in recent history with various European countries. Slovakia, Romania, et al, (I'm not an 'expert')

Industry. If we do the same thing and don't correct the underlying issue then we will come full circle...again...

How common has that been--???

there is something terribly wrong in this country and the Republicans have been covering it up instead of dealing with the issues.

and we kinda taught it to corporations ---

Have no idea how much all of this is . . . but think the war is in that category!!!

And much, much more and older stuff --

People have to snap to a few things.
1.) Expansionary monetary policy served as a way of stealing the productivity bonus that the poor and middle class had coming.
2.) The losses being taken in the real estate and securities markets are in fact the productivity bonus that was stolen.
3.) It is the rich and powerful who are the prime beneficiaries of big government. They certainly have the power to make it small if that is in their best interest.
4.) Most government institutions have been mutated into instruments that are used by the ultra rich to transfer wealth. Its kind of like cream rising to the top.
5.) Back in the early days of the Bush Administration monetary and fiscal policy had been over used as a means of stimulating the economy. Both were no longer effective. To avoid what would have been a shallow recession, they instituted an assessment enhancement initiative. As the value of financial assets moved higher, they were borrowed against and economic growth continued uninterrupted.
6.) In the spring of 2006 Henry Paulson took over as Treasury Secretary. His role was and still is to keep asset prices moving higher. When the stock market showed serious signs of weakening, the Treasury department began orchestrating supporting bids to be placed under stock prices. Every time the market moved up to a higher level the supporting bids were ratcheted higher.
7.) In July 2007 the Treasury Department lost control of stock prices. Paulson's participating firms began getting weak kneed.
8.) When the bear market in stocks started to accelerate, Paulson saw the need to "fix everything."
9.) In October our lawmakers appointed Paulson, the guy who created the mess, as what amounts to financial dictator.
10.) The public intuitively recognized this as a bad deal. Traders know that there is no way to save the financial markets or the economy when there is a structural problem. The damage is done.

Yes, I think it will take about 18 months for people to start snapping to these things. It all started with stealing the bonus workers get when technology makes them more productive. We got a bubble in asset prices instead. This really got started way back in the Reagan Administration but didn't get downright vicious until the 90's. It is a crying shame but thats Democracy.

James Quillian

as if the sky will fall tomorrow. Eat local, buy local, get used to bicycling, get used to wearing sweaters in the house when it's cold. Know and help your neighbors, learn a trade skill (cooking, gardening, canning, bike repair, 1st aid, etc.), learn to sing or play an instrument or tell a story. Learn to defend yourself and your loved ones.

Most of all, rejoice! We are, in our lifetimes, going to be part of the death of one worldview and the birth of another. Scary as hell, exciting as hell. This is not old-school survivalist bullshit. It's real, it's happening, and it's a chance to re-make the world. Dig it, or be doomed.

Kinda like Logan's Run, but weirder.

:evilgrin: