Guest Post: Seeking Solutions In An Uncertain World

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Fri, 08/20/2010 - 17:25 | 533794 Turd Ferguson
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"Now, I’m not suggesting we cower in a corner, buy guns and butter and get all Mel Gibson on each other."

Why the fuck not? Typical Wall St wuss. Goes right up to the edge and then backs off.

 

Fri, 08/20/2010 - 19:15 | 533991 Tom Servo
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Off topic.

Shorebank went into FDIC recievership (wasn't that Barry S's baby?).... 2.16 billion *ouch*

www.fdic.gov

 

Fri, 08/20/2010 - 22:56 | 534296 JLee2027
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Anyone who continues to whine about Iraq and Shock and Awe is a liberal who's now undergoing a sober awakening. 

Sat, 08/21/2010 - 12:32 | 534842 InconvenientCou...
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In the near future, a "liberal" may be defined as a person that gives bread and water to a starving person. A "conservative" will by some calculus decide not to.

Sun, 08/22/2010 - 19:22 | 536560 Rick Masters
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Hey Jlee is that short for Julie cause you sound like a woman. Nag. Nag. Nag. Seriously this is a finance board stop trying to censor people thru your political intimitatuion, just like a little woman.

Mon, 08/23/2010 - 03:27 | 537116 JLee2027
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Telling the truth about liberals is nagging? 

No, I'm not going to stop until the liberals stop whining.

Mon, 08/23/2010 - 12:03 | 537655 downrodeo
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truth = subjective

Sat, 08/21/2010 - 18:27 | 535219 Getagrip
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Hey Turd, ease up on Todd-he's one of the good guy's (Wall St. matrix convert). I think he's trying to say that if we get to that point, ya might want to head for Mexico and take your chances with the cartel. Nice hat... 

Sun, 08/22/2010 - 11:43 | 536005 harry tuttle
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Your response should always reflect your level of certainty.  And, like the Boy Scouts say, "be prepared".  Alternatively, "hope for the best and prepare for the worst." 

Mr. Harrison is, nonetheless, clearly calling it like he's seeing it at the moment.  In that context, it would seem that some version of "going dark" might well be prudent.  For some, that might simply mean playing the cards close to the vest or, possibly, cashing in altogether and getting small.  If you're more certain than he is, best get on to the guns and butter there Turd, I know I have.

HT

Fri, 08/20/2010 - 17:31 | 533812 Mitchman
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It is difficult to not feel that the best thing to do at this time is to save one's powder and watch TPTB destroy themselves.

Fri, 08/20/2010 - 21:47 | 534195 merehuman
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Mitchman, +1000 . Here is hoping sooner than later. The whole world is waiting...

Fri, 08/20/2010 - 22:58 | 534297 JLee2027
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It's hard praying for destruction, so I try to say something simple like "Lord remove those in power who abuse it".

Of course that would be most of the government...

Sat, 08/21/2010 - 18:42 | 535226 Getagrip
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Amen! Remember, God will give us what we ask for. We have what we wanted. Welcome to the harvest... Dr. Charles Stanley (In Touch Ministries) 140 days of prayer to redeem our Nation. Keep Praying...

 

 

 

 

 

Sat, 08/21/2010 - 12:03 | 534397 Village Idiot
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Let's hope "the whole world" isn't waiting - we have enough to work out without the rest of the world breathing down our necks. Screw that.

Sat, 08/21/2010 - 12:10 | 534818 Village Idiot
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To the junkers,

maybe Ishould elaborate - if our financial system goes into cardiac arrest, we will need a safe place to revive and reinvigorate the patient.  While "the rest of the world" may be waiting, I can assure you that many governments will be less than concerned for our well being.  Setting aside the " we deserve it" aspect, we do need to get back on our feet as soon as possible.  It's not all roses in the real world.  I know that doesn't come as a surprise to anyone here.

Sun, 08/22/2010 - 19:26 | 536566 Rick Masters
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News FLASH:In the world outside of this board and the typical ZH paranoia fringe sect (which isn't all of ZH and I know i've been here from day one), Most, like 99.9 percent of people do not want the painful medicine thay y'all are proposing. They don't.

Fri, 08/20/2010 - 17:36 | 533823 NotApplicable
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"Almost overnight, world empathy turned to global condemnation.

If we’ve learned anything through these years, it’s that unintended consequences tend to come full circle."

One man's unintended consequences are another man's raison d'être. Black swans/white swans etc.

World empathy was turned to condemnation for a reason. That day (official start of the Iraq war), I made a conscious decision that drinking every day was required in order to survive its implications.

Fri, 08/20/2010 - 21:40 | 534183 Bartanist
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There are other solutions.

As Einstein said: "An education is something we get when we forget everything learned in school".

There is more to our life than the obvious. The enemy that works to divide us understands. Do you?

Cast away the improbable.

Fri, 08/20/2010 - 23:04 | 534302 DoChenRollingBearing
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OK, how about drinking and gold?

I really don't have any idea who the enemy is anymore, other than those who take away our liberty and money (.gov and banksters).  To Hell with 'em.

May I have some more gold, Sir?  And another sip of that ice-cold vodka, Sir?

Sat, 08/21/2010 - 11:46 | 534796 SWRichmond
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I really don't have any idea who the enemy is anymore, other than those who take away our liberty and money (.gov and banksters).

I'm assuming by dot gov you include the rent-seekers, as do I.  If so, then your list is complete.

And another sip of that ice-cold vodka, Sir?

At my age, drinking and training are incompatible.  Guess which one is falling by the wayside?

Sat, 08/21/2010 - 22:41 | 535550 DeltaDawn
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search "colloidal gold" to drink it (if you desire).

Mon, 08/23/2010 - 12:16 | 537686 downrodeo
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I don't often say this but, it sounds like you could use some Goldschlager.

Fri, 08/20/2010 - 23:01 | 534300 JLee2027
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World empathy was turned to condemnation for a reason. That day (official start of the Iraq war), I made a conscious decision that drinking every day was required in order to survive its implications.

Stop it. The condemnation was 100% contrived.

Sat, 08/21/2010 - 00:48 | 534391 DaveyJones
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boy those iraqis are good actors and the dead ones are so Stanislavsky

Mon, 08/23/2010 - 12:17 | 537688 downrodeo
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What a thing to say. I suppose you must have evidence for this, or were you just telling us  what you think?

Fri, 08/20/2010 - 17:48 | 533841 TooBearish
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The 2-20 multi billion $ hedge fund model is seriously coming into question.

Small is beautiful if you want to play the game.

Anyway, there is way too much capacity in the "financial services" space, its about time it was sized more proportionally to the overall economy.

What we need is PhDs designing better energy and transportation solutions rather than sussing out leveraged CDO, CLO, HFT crap to make a living.  I say tax the everliving crap out of those activites and get the programmers and engineers working on a fuel cell for the home to replace the gotdam oil burner.

Theres an industrial policy on the cocktail napkin for ya.  Booyea

Fri, 08/20/2010 - 18:24 | 533922 sid farkas
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I'm an HFT programmer with a degree from MIT. How about stop taxing me so I can pay back loans/afford a home. Then I can get on with more worthy (in your mind) pursuits.

By the way, how do you know what *we* need? If you need something, pay for it, otherwise MYOB.

 

 

Fri, 08/20/2010 - 18:51 | 533952 TooBearish
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Congrats, you are clearly applying your hard earned skills in the most lucrative field with your qualifications and creativity.

My point is that if we had an industrial policy, perhaps if there were the proper incentives, talents like yours would serve society a greater good (beacuse not everyone can go to MIT) and pay you equally or better in a career away from financial engineering.  Its such a shame that you feel the need to rent capital and steal from pension funds in order to make a living.

 

I do know we "need" energy - just a thought on the fuel cell thingy.  But now I will try to MYOB.  

Fri, 08/20/2010 - 19:18 | 534000 sid farkas
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This is the problem, the only "proper incentive" is free enterprise. When you say "industrial policy" you're talking about putting government in charge of it. We already know what that brings us, terrible investments in ethanol and solar tech. Pouring money down the drain chasing nuclear fusion, which is perpetually 50 years away from becoming feasible.

Really good ideas are always considered crazy before they become widely accepted. That makes them the least likely ideas for government to fund. I have crazy ideas of my own which may or may not turn out to be good, but I know the only way I'll get to look into them is if I self fund them.

I know what theft is, it's stealing from hardworking people via taxation, to fund things like war and "industrial policy".

 

Fri, 08/20/2010 - 20:32 | 534097 Ultranaut
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In the real world we have a government. It's an unavoidable situation that we have to make the best of. An industrial policy which re-allocates capital from the assholes on Wall St. into actual productive activities is a much better idea than pretending free enterprise will solve the problem. We don't have free enterprise, and we never will so long as Wall St. is calling the shots.

 

The reason crazy ideas don't get funded by the govt. is because they are inevitably used as fodder for political propaganda.

Sat, 08/21/2010 - 13:46 | 534906 Maniac Researcher
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In the real world we have a government.

 

I'm surprised you didn't get junked for merely admitting that here, Ultranaut. It's nice to see a realistic view rather than the all too common "after (I hope) everything collapses I'm going to do X.."

We don't have free enterprise, and we never will so long as Wall St. is calling the shots.

Hence, in my mind, the real question: how do we end Wall St.'s stranglehold on the government? I see many intelligent people that could devote their mental energies to this problem. This is what I am working on - instead of jumping directly to the conclusion that nothing at all can be done until after a collapse.

Fri, 08/20/2010 - 20:48 | 534109 Jeff Lebowski
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We already know what that brings us, terrible investments in ethanol and solar tech.

Maybe I misread that...

We already know what that brings us, terrible investments in ethanol and solar tech.

Holy Santa Claus Shit!  Now you did it...  Prepare for the wrath of Leo...

 

Fri, 08/20/2010 - 21:33 | 534176 akak
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Oh, the shame and horror, to be flogged by Leo with the intellectual and moral equivalent of a wet noodle!  What dishonor, what disgrace!  How COULD anyone bear it?

The wrath of Leo = a kitten's 'roar'

Sat, 08/21/2010 - 01:05 | 534403 Village Idiot
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LMAO

Fri, 08/20/2010 - 22:22 | 534160 Rusty Shorts
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@sid farkas

"Really good ideas are always considered crazy before they become widely accepted"

 

You mean like the expanding earth idea? expanding oil? expanding forest?

 

Fri, 08/20/2010 - 21:45 | 534189 Bartanist
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LOL ... the only propr incentive is personal freedom. Maybe you see "free enterprise" (which is not really free BTW) as the only proper incentive.

Do you realize that you are a slave to "fiat"?

What is fiat exactly? There is more to life... work on it.

Sat, 08/21/2010 - 01:08 | 534405 Village Idiot
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"There is more to life... work on it."

bumper sticker!

 

Sat, 08/21/2010 - 11:50 | 534800 1100-TACTICAL-12
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Let me know where to purchase this one.

Fri, 08/20/2010 - 22:40 | 534277 juangrande
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There has not been "free enterprise" nor will there ever be. Enterprise can exist only within a framework of laws and protection, be it thru "agreed upon" society or tyrannical power. It all costs something. But to work for something that you know benefits most instead of an elite few can dramatically change your state of mind. As far as pouring money into these examples you proffer; a mere pittance compared to some more wasteful and destructive spending. More distraction and/or political bone throwing than anything meaningful.

Fri, 08/20/2010 - 23:04 | 534304 JLee2027
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Free enterprise is conducting your business following God's law and without Government interference or nannyism. That is the Christian and Founding Fathers view of free enterprise. 

Sat, 08/21/2010 - 02:42 | 534467 RichardP
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God's law includes debt forgiveness in Jubilee years, giving to Caesar what is his and giving God what is his, taking care of family and then others, and the commands to replenish the earth, turn the other cheek, and do unto others as you would have them do to you.  Are those the laws you were thinking of when defining Free Enterprise?

Sat, 08/21/2010 - 10:35 | 534626 DosZap
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Richard,

Jubilee year debt forgiveness applied only to Jews( also,we are not under the Law, and most here are not Orthodox jews)............the rest, I can agree with.

Debt forgiveness is called Bankruptcy now.(if you qualify)

Sat, 08/21/2010 - 13:18 | 534878 RichardP
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My point exactly.  He did not distinguish among which of God's laws his Free Enterprise would be governed by.  So - not a useful statement, being so vague.

Sat, 08/21/2010 - 14:49 | 534977 JLee2027
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There is no need to distinguish. 

Fri, 08/20/2010 - 23:38 | 534344 Oh regional Indian
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Juan, good points.

Truth is, we are at a point in our evo/devo-lution when we will begin to question the meaning/worth of everything. Including enterprise/work (free or otherwsie), contribution (to self or society) and all the associated structures that have brought us to where we are today.

For a sobering look into the effects of "free" Enterprise, please see the following, on wealth distribution courtesy Business Insider:

http://tinyurl.com/2enhvcv

When the "balance" is so far off (and we can be assured that in a fractal world, it reflects our general out-of-balance-ness), hard resets lie ahead.

The tone of this piece sounded like a dirge to me.

ORI

http://aadivaahan.wordpress.com

Sat, 08/21/2010 - 10:29 | 534621 abc123
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Sid, you should just make money quietly (good for you!!) and not try to justify yourself.  It only makes you look pensive to defend your "proper incentive".  You know the game is rigged and you should not preach.

Today, "industrial policy" puts several enemy sovereigns ahead of the US: it dictates the production of smart technical people, it provides a tariff shield and it encourages vertical integration that leads to better national security around vital industry sectors.

You can wrap yourself in a flag of "free enterprise" to justify yourself but in the mean time the Chinese are stealing us blind.  We are losing that battle. 

We need to create things here so there is tangible value underpinning our money -- not just services.

 

Fri, 08/20/2010 - 19:22 | 534010 tmosley
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Right, and keep looking the other way while your masters pick our pockets?  I think not.

When Wall Street is getting money from the Fed and the Feds, anything you do is our business, by definition.  Of course, if your particular firm doesn't accept money from Federal sources, then kudos.

I'm all for not taxing people, though.

Fri, 08/20/2010 - 19:29 | 534020 sid farkas
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no bailouts here. We are not TBTF, I can count the number of people in my office on one hand.

Fri, 08/20/2010 - 19:40 | 534038 tmosley
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Very good, then.  You win a banana sticker.

http://www.youtube.com/watch?v=vxxQS5LJi9w

 

Fri, 08/20/2010 - 21:47 | 534196 Bartanist
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Classic... almost as fulfilling as a Yatch full of fiat.

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