What Ayn Rand said a long time ago - in a democracy voters are individually responsible for the actions of and state of their country.
Who destroyed world economy?
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What Ayn Rand said a long time ago - in a democracy voters are individually responsible for the actions of and state of their country.
C6H1206
Italian Finance Minister Giulio Tremonti
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This gentleman has the correct mindset....
A good term for the "Bernanke, Paulson's .....
"Educated Beyond Their Intelligence".....
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Or maybe they are just too slick.....
Paulson just got away legally paying 4X what Buffett paid for Goldman Sachs ownership.....a few days apart....after Buffett....
"Legally parting the taxpayers from their money for Goldman Sachs ownership....."
And of course there were pundits on Bloomberg already justifying "how different the situation was"....
Yeah....4X.....yeah....ok....
The game is to "legally" steal....
What a game ....eh ? Like printing money....
ie Rating Agencies.....Paid to turn CCC to AAA for marketing purposes....
"Legal Largesse" has all but finished the US economy....
What is very telling is that GS is in charge of Italian government money as well....
Kudos to GS eh ?....They pulled it off....
Last time I looked ...there was no difference between "tax money" money versus ordinary everyday money....Oh I guess I need someone from GS to explain it to me.....with a straight face....
Real structural change...and the mass burning of WS/GS/SEC rolodexes would be a start.....
Italian Finance Minister Giulio Tremonti
......................................................................
This gentleman has the correct mindset....
A good term for the "Bernanke, Paulson's .....
"Educated Beyond Their Intelligence".....
..................................................................................
Or maybe they are just too slick.....
Paulson just got away legally paying 4X what Buffett paid for Goldman Sachs ownership.....a few days apart....after Buffett....
"Legally parting the taxpayers from their money for Goldman Sachs ownership....."
And of course there were pundits on Bloomberg already justifying "how different the situation was"....
Yeah....4X.....yeah....ok....
The game is to "legally" steal....
What a game ....eh ? Like printing money....
ie Rating Agencies.....Paid to turn CCC to AAA for marketing purposes....
"Legal Largesse" has all but finished the US economy....
What is very telling is that GS is in charge of Italian government money as well....
Kudos to GS eh ?....They pulled it off....
Last time I looked ...there was no difference between "tax money" money versus ordinary everyday money....Oh I guess I need someone from GS to explain it to me.....with a straight face....
Real structural change...and the mass burning of WS/GS/SEC rolodexes would be a start.....
Some damages are beyond repair. Example-: I used to trim a tree in my garden every year for 8 years. After each trim the tree would grow bigger & better. But the 9th year, I over-trimmed the tree and it never grew again. It Died.
For past 80 years world economy has grown & crashed & grown bigger again. So people always think world economy will recover again.
$60 Trillion loss = Over-Trimming of world economy. The situation is "highly serious". According to Dr. Marc Faber, S&P 500 will reach 100-levels. So DOW Jones will also reach 2000-levels. This will wipe out further $60 Trillion.
That would be $120 Trillion loss for the world economy because Real estate and Commodities will crash Rock Bottom.
short this god-damn thread ...