the political system wants to believe we can grow our way out of this problem through more credit inflation.
Nassim Taleb on Charlie Rose: "Massive Deflation Nightmare, Roubini Too Bullish"
- Thread starter Daal
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Read some history and learn how we evolved from bartering, to creating money, to banks, to runs on banks, to government rules. Sorry, I don't think human history is going to rollback and replay your naive view of human interactions when it comes to money. Yep, let's all be FREE. Free to put money into banks, free for bankers to take the money and speculate, free for bankers to lose all of our money, FREE! ... lol.
When all these overpaid overrated expert say sell thats when it is time to buy. Cramer said to sell back on October when the dow was at 8500. it doesn't matter what reason they give to justify selling. Just buy.
Your like those kids who cover their ears, close their eyes and scream "I CAN'T HEAR YOU" when terminally rebuked.
Your argument is a fact-less tirade railing against a "system" thats a figment of your imagination.
Then you throw in some ad hoc class warfare to really infuriate and muddy the argument.
Your "idea" of the world, doesn't exist.
Ben And Alan are the farthest thing from Free Markets as Stalin or Mao.
They represent FED Member Banks as Chairmen of a very private board, of a very private company, that has total monopolistic power to create and issue money. By Definition, that is 100% anti-Free Market.
Seems like every few months we have reeducate ignorant newbies on the FED system. Go learn about it. Its not Free Market. Never was. Not since 1913 was America free Market.
Seem like you have to educate yourself on history and see how we got hear. You are like a kid who keeps jumping into a pool of mud. You just don't learn - and you know nothing about history and the ramifications of silly, naive ideas such as Free Markets - or do you believe we shouldn't have any bank regulations? Oh - you do? Wow! Well who should make those regulations? Maybe we should all print our own money like they did in the caveman times. Sure we can start all over, with Free Markets, and do the same thing all over again.
ahh so he thrived for 30 years BECAUSE of free markets but now things aren't good for him anymore so he's blaming free markets. he had 30 good years but only remembered the last year. blind as bat.
In your vivid imagination I'm just a frustrated torn up angry person because you can't find the quote you accuse me of and you can't admit you're wrong and misunderstood.
And speaking of "not knowing what you're saying half the time"...logic eludes you, Anaconda. How do you aim for an untended consequence?` The definition of "unintended" is that it was not aimed for.
Socializing the financial industry and widening the Fed's sphere or influence are his intentions - they are not unintended consequences.
If you actually took the time to comprehend what I write (if you are capable), you would have noticed that I was explaining to Rich just how the uptick rule benefited me at his expense in the context of pointing out to him how well government looks out for his interests. Of course, the funniest part in your admonishing me about my comments on the uptick rule is that you call any retail guy who begs for its return an idiot.
If you took the time to read and understand posts before you fly off into a snarky rage, you wouldn't be so frustrated all the time. Read your posts and mine. We rarely disagree, but you don't pay enough attention to what I write to realize it, so you pick fights.
It'll take decades to unravel the stupid in this one statement.
Where oh where is all this deregulation going on? If the whole economy has been deregulated then why hasn't anyone disbanded the Fed, the SEC, the insurance regulators, the CTC, etc?
Who are these Free Market Pals (TM) who borrow at 1% and use that money to steal? If you're going to steal, why borrow money? Theft doesn't usually require payment. If they're paying people, they're stealing all wrong.
I don't remember who rich was responding to but let's keep in mind that when I asked Rich for an example of a free market his response was the mortgage market, the investment banks and commercial banks. 'Nuff said.
He thrived, like almost everyone else did, because the Feds did their job and kept things under control. But, slowly but surely, the Republicans stripped all oversight in the banking and investment industry (starting with the repeal of Glass Steagall), and then Free Market had no restraints anymore, allowing it to develop and let loose the scams again that existed prior to Glass Steagall in the 20's. You really got to watch these slicksters or they will rob you blind. They've been doing it for thousands of years. Once they get their hands on the money, they can only think about how to grab it for good.