Michael Lewis: 'There's a Real Chance There's Going to Be an Uprising Against Bankers

[sublime-scalper]

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This proffessor also predicted the fall of the Soviet Union, and was ridiculed.

 

[Zentrickster]

You people missing the massive run up in stocks?
What wrong with you. Dow soon over 10k again. Prosperity and long life to all

 

[fkbsuhites]

Finally. Someone with common sense. Kudos to you sir.

Quote from Nattdog:

"I don't believe this is true. wealth only changes hands."

Not exactly. The value of stock is the price paid by the marginal buyer. for example a large order of dollar value X can change the market value of a company by 10X or whatever and all the holders feel richer.

However that new wealth never did and never can "change hands" it literally disappears when the price falls back down. Sure some can cash out but only a small % the market value change just as only a small % was required to drive the price up. Holds true for all of our paper assets.

 

[ralph00]

Quote from marketsurfer:

no. this simply isnt going to happen.

there is no anger anymore, the population has been pacified totally via TV, media, alchohol, sports, whatever.

if this was not the case, the underclasses would have risen a long time ago.

time to get with reality--you cannot compare the massive wealth now with any other time in history---

best,

surf

Nicely said surf. Who has time to rise up when a new episode of Entourage is on in a few mintues, the Jonas Brothers concert is coming to town, and Avatar will be out by Xmas.

FWIW, in my hood (suburban Phila), business at the stores and restaurants appears to be booming based on my unscientific survey over the past few weeks. Saw lines outside of craphole restaurants everywhere last night. Malls were jammed today.

 

[Mike Morrison]

There is a better chance of WR 104 taking out the planet than an uprising. Grab your momma's tit, we ain't talkin about some silly ass financial shit here, this is the real deal.

http://www.cosmosmagazine.com/node/1878

 

[fkbsuhites]

Adrian Melott at the University of Kansas in Lawrence, U.S., suggest that such an event may have been responsible for a mass extinction 443 million years ago, in the late Ordovician period, which wiped out 60 per cent of life and cooled the planet.


...b.b.b..b..buuutt republican vice presidential candidate said the the earth is only 6000 years old?

( and we wonder why we're fucked )


Anyway as much as the death star scenario seems plausible. I think the HARP project f'n up the atmosphere and destroying the ozone layer will cause the earth to fry itself.

http://www.haarp.alaska.edu/

Yes. It's yet another republican funded cluster fuck.

Quote from Mike Morrison:

There is a better chance of WR 104 taking out the planet than an uprising. Grab your momma's tit, we ain't talkin about some silly ass financial shit here, this is the real deal.

http://www.cosmosmagazine.com/node/1878