Originally posted by Mad RookSorry, I thought you were joking with me. I was referring to Der swarze ritter's ludicrous comment that the collapse helps democrats.
OK, I guess this is going nowhere. I was really just trying to learn a little bit about your reference to the Phil Gramm stuff. 🙂
I'll start a thread on Phill Gramm.
Originally posted by MrHandlol, I actually thought that DSR was some financial acronym. Although I joked about it standing for der schwarze Ritter, I never thought that that's what you were actually referring to.
Sorry, I thought you were joking with me. I was referring to Der swarze ritter's ludicrous comment that the collapse helps democrats.
I'll start a thread on Phill Gramm.
Actually, at the moment, I agree with Ritter's comment, but I'm open to new information. I'll give the Gramm links a read when I get some time later on.
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Originally posted by uzlessOOPs me bad
So, the latest theory that is percolating the hush hush underground is that this latest Financial Collapse of what has so far been based in the US with US institutions was NOT an accident. In fact, they say it was ENGINEERED.
In response to the thread WORLD GOVERNMENT started by nihilismor on the 13th Sep 08 @ 15:51 to one of his musings in his opening post that asked, How would it come about?
I posted this exactly 2 hrs and 25 secs before you started this thread, which obviously was enough time to start a brush fire.
17 Sep '08 00:17
Much like WTC7 fell after burning for a few hours, the world financial system has been primed since the collapse of the Bretton Woods system of fixed international exchange backed by a Gold standard, what we are in the process of witnessing, is a carefully controlled and engineered collapse of the international monetary system. We may see a rally in the short term but it will be a short reprieve as the columns of capital that will survive this current crises, will be stressed to withstand an even greater weight, until they, also, irrevocably collapse.
7 minutes later, I posted this as well.
17 Sep '08 00:24
The cons are that no nation will be able to resist this move. This is the whole reason for engineering the demise of the current monetary system anyway. For a one world government to emerge it will do so out of the carcasses of the current world markets. Much like the Phoenix rising out from the ashes this one will do so with a new currency that can only be tendered if you, the would be citizen, are willing to subscribe to a lifestyle that would probably be cashless, probably be high tech, and probably be administered from highly centralised locations.
Think of a groovy China and you'd probably have a good insight as to the world about to come
Who would have thought. Not only the power of the internet, but the power of RHP to be a conspiricist rumour mill.
Originally posted by AThousandYoungIn October 1974, in the depths of the bear market, Forbes magazine interviewed Warren Buffett. The interviewer asked Warren, "How do you feel?" Warren responded, "Like an oversexed guy in a whorehouse. This is the time to start investing."
Those with a lot of capital who want to buy stuff cheap.
I don't know if we're there quite yet, but it wouldn't surprise me if Warren were to make a similar statement soon. 😀
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Originally posted by Mad RookThat's how I feel. We had Back to School night. I met some of my students' parents. One had three tear drop tattoos going down from the left corner of his left eye. Another, dressed in button down shirt and tie, charismatic, clean, manicured and friendly is trying to get me to buy a house. His daughter's in my Earth Science class.
In October 1974, in the depths of the bear market, Forbes magazine interviewed Warren Buffett. The interviewer asked Warren, "How do you feel?" Warren responded, "Like an oversexed guy in a whorehouse. This is the time to start investing."
I don't know if we're there quite yet, but it wouldn't surprise me if Warren were to make a similar statement soon. 😀
The last time I walked into BofA to cash my paycheck (direct deposit hadn't kicked in) they asked me to apply to work there after a two minute conversation. It was kind of funny.
"I'd like to cash this check please."
"Would you like to open an account?"
A disgusted look passes over my face.
"Umm...no."
"You're good with numbers aren't you?"
"Well yeah, I'm a science teacher, I've always been good with them."
"Ever thought about working at a bank?"
"Well, I have a science education, not a finance one..."
"It doesn't matter."
I was living with my Mom this time last year!
I must be like human anti matter. I'm poor when the economy's doing well, and I do well when everyone else is having problems.
Originally posted by nihilismorI made a joke about this to a friend about 24 years ago(sometime back in 1984) that most of the conflict and most of the world's tensions would cease, when they finally worked out a way to sell socialism to the yanks.
The nationalization of business.
Honestly, I am surprised it hasn't happened already.
It looks like now that whether you guys wanted it or not, its finally come knocking at your door, not as a dream or a vision, but as a necessity, a last chance escape, as people work out that although the command economy system of the soviets was severely flawed in terms of unwanted things being produced while basic needs were not being met, in terms of the idea itself, that you control the market and not the other way around, you don't end up with what we have right now.
The grave has been dug and the church has been booked and the ceremony to bury the idea of an unregulated free market economy is finally in session. The problem is we have never had an unregulated free market economy anyway, because we know that that idea will only ever protect the powerful monopolies that will eventually emerge, so the question really has always been the extent to which you allow regulation to produce a market that upholds civil values and protects the rights of the weak.
Given that we have seen underlined in bold the perils of deregulation, the next phase is people recognizing and willingly subscribing to a new deal philosophy of total control, no child's interests left behind, so to speak. Given that American's are averse to the terms welfare, socialism and communism, once a term can be found that will do just that without offending their sensibilities, we will finally see the United Socialist States of America emerge.
USSA!!! You know it makes sense!
Originally posted by AThousandYoungmaybe it's because of the crazy people running around on your roof while brandishing knives...
That's how I feel. We had Back to School night. I met some of my students' parents. One had three tear drop tattoos going down from the left corner of his left eye. Another, dressed in button down shirt and tie, charismatic, clean, manicured and friendly is trying to get me to buy a house. His daughter's in my Earth Science class.
The last tim ...[text shortened]... y's doing well, and I do well when everyone else is having problems.
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Originally posted by uzlessJust a thought....
Okay, you guys didn't really catch on so consider the following reality....
"Goldman Sachs is now the larger of the two major U.S. investment banks still standing on Wall Street".
I'll let you boys take it from there
Goldman Sachs is now the last investment bank on Wall Street still standing.
And the US just banned short selling which "should" ensure Goldman Sachs doesn't get knocked off.
Originally posted by uzlessIsn't Morgan Stanley an investment bank? Or did something happen to them today that I haven't heard about? 😵
Just a thought....
Goldman Sachs is now the last investment bank on Wall Street still standing.
And the US just banned short selling which "should" ensure Goldman Sachs doesn't get knocked off.