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My first "bitchez". Thank you for the indulgence.
Zloty said a mouthful from a country plundered by East and West over the centuries as the US has been plundered by politicians and bankers. Result is same---denial , hubris and pain of the masses. Velicaya Polshsha !
great words of wisdom...don't speculate...don't join the bubble brigade...Stay clean, stay lean, stay mean to those who cheat and say openly, brazenly, like they own it all : 'it's our crappy money but your crappy problem'...
JUST STOP BUYING/CONSUMING except for food/clothing/medicines.
Send a message.
Great idea, but look at your paycheck deductions. How many of those items do you really think you can stop payment on? Constitutionally you should be able to stop all of them. Go to your HR person and try to and let us all know how that works out. My employees have no control, this is the impact of the "rules" I have to follow to stay in business.
I'd like to eliminate my 401k contribution and change my withholding declaration, please. They may fuss, but you'll get what you request.
That's the only resolve i see as well. If you and i stopped buying everything except the pure basics, all this shit ends. That is the only true power we have left. If we do this for 2 quarters we take our country back. Corporations will suffer and fix things from within and tell the Investments to go #uck themselves.
One can only dream
I went to a gathering of gardeners this weekend. One grizzled old fellow gave a seminar on how to raise crops in order to grow and store seeds (which is slightly different from growing only for food). He started out by saying something about how we aren't going to be getting any more food from the US since the US is about to collapse. I asked him after his talk why he said this, wondering if he had some Internet sites to recommend as I thought it was surprising to hear this stated so matter-of-factly by someone who spends zero time reading financial sites. He said he just watches the news, sees what's going on and draws his own conclusions.
Why is it that it's so difficult for citizens in the US to come to this conclusion?
My thieving former partner said, "anything will be believed if you say it often enough. People never take the time to check the facts."
People are very susceptible. They don't even understand or recognize that they make the world exactly what it is to them.
More wondering regarding investment bankers and Hedge Funds---which are more regulated ? Do both overcompensate top barons? Which are more corrupt with insider trading , history of collapse, audit fraud etc. Which are more complicit in credit risk taking endangering overall economy. I keep wondering about our entire financial system and resulting values
Hi Leo, What is difference between investment bankers and Hedge Funds. Can one live without the other? Is one smarter then the other? Can you trust either or are they both leading us in the wrong direction? Just wondering
The only difference is the type of host organism.
Looks like we're all going back to the Dark Ages.
Pitchfork time getting closer folks
Bring back the pillory! And drawing and quartering!
What happens when you let investment bankers run the country? They carve it out in pieces, leverage it up 1000x, and sell it to the highest bidders (biggest suckers). When that stops working, they end up cannibalizing each other.
and what happens to Govt regulated industries?
are they better than free markets or far, far worse from every single angle?
Silver is hot, comrades!
Right, in nature, but in civilization?
It is unfortunate that moral hazard has become the norm instead of the exception. There is definitely a sense that there is no risk to anyone that works at an IB or IBD. We still see hedge funds shutting down left and right due to the irrationality of the markets, and are causing strategies that have been true for long periods of time to fall flat. This is truly getting out of hand at this point, and we are destined to have another massive collapse in the next couple of years. I have yet to figure out how propping up Wall Street is what will save us from the destruction that the same banks have caused. As a whole, this country has lost what the true meaning of investment and growth is about. We sold our souls to kill organic growth, and prosper off of unsustainability.
Hey 'firstdivision' you, if you are in the military, may be our only hope.
Criminals roam freely in fancy clothes, and outfit their homes with blood money. They have begun to destroy our Republic's foundation, they have stolen the wealth of the people, they have installed their own goons into the government from the top to the bottom in every department of government in every part of all agencies.
We send 'our military' to other nations to stop such horrors. We are blinded by our own goon supported media, to the fact that the plague is here too. Like Egypt, our destiny is in the hands of the US military. Men and women who are from middle class and poor homes recruited to go protect American business interests abroad, while at home business, the same middle class and poor families are destroyed...one by one. Military leaders, some are from elite families but they have a different point of perspective than that which from ' on high " in some wall street castle.
It is the US Military that will untlimately change the currrent course. There will be no choice.
When they see that the very same financial and corrupt enemy that we write of here on ZH is also a threat to them, they will act. The clock is ticking, and the money from the middle class and poor does not exist anymore to support anything, and the rich elites now pay nothing.
The thieves who have gone on this course to destroy America, it's wealth, it's soul, it's honor, it's spirit, will never find a safe place in this world to hide, live, or breath, that this military will not find them and return America's wealth and pride and honor back home again.
No matter what anyone writes on ZH, this is the only real answer anymore. God willing, the US Military is the only real friend Americans have.
God willing, the US Military is the only real friend Americans have
God willing, the US Military is the only real friend Americans have
Which is pretty much what tsar Alexander III said: "Russia has only two allies her Army and Navy". This is so true for any country. God forbid think otherwise because then you will have "1917", and all that stems from it.
Capitalism as practiced in the land that venerates it to the point of making it religion has just hit a brick wall since 2008. Wake up Zerogovt. It's now become a value destruction instrument in society not a value creation instrument. Bubble economy not business cycle economy. And I'm not including into this analysis of factual evidence the upcoming grey area of limited resources, surging world population and climate change. A recent report by Nature says direct correlation between global warming and excessive rain formation. SO what is the new capitalistic paradigm thats allows sustainable growth in this new reality?
Or do you feel that the principal characteristic of the human race is social darwinism and therefore it'll always be : may the devil take the hindmost!
i can only assume you're a student or fresh out because the garbage between your ears can only come from the dross taught in State education and the crap ideology students chat about outside class. Very briefly here's how the world works;
- wealth is created in the private sector (agriculture, industry and energy)
- all other parts of the economy (services, tourism, banking, transport, Govt etc) process or consume that wealth
So regards your idealism about "capitalism ..now becoming a wealth destruction instrument" you are of course referring to the parasite, Govt, that is consuming ever larger slices of the wealth created in the private sector. Govt is the "wealth destroyer" you speak of.
And if you want to see Govts wealth destruction look at any economy where the State mangles in the free market. You could check out the results in the USSR, Eastern Europe, Cuba, North Korea and China when it went bankrupt back in the 70's. Or close to home check out your totally bankrupt US healthcare system, education system or the tragic mess the US Govt and its quangos has made of your property sector.
Wealth destruction by Govt leading to bankruptcy is totally predictable although your Marxist economics teacher told you the opposite no doubt!
I have noticed that you rarely agree with anyone. The majority of your comments are based on refutation of any point, minor or otherwise, that another has made.
most of the time what kicks off a debate is disagreement. Have you noticed that?
A debate requires Ying and Yang, two apposing forces, have you noticed that?
When people agree they turn into nodding donkeys and the conversation moves to another topic. Have you noticed that?
So the conversations that lasts longest are those with apposing forces. This is why you may have noticed most of my posts are in disagreement with others, because where i agree we usually agree quickly and move on. Have you noticed that?
Noticed what again?
It is not the car but it's driver that must have intelligence.
How intelligent must the driver be if the car's windows have been painted over black.
...ultimately leading to a Crack Up Boom.
in nature, darwinism, social or otherwise rules the day
in nature there is no right or wrong, only survival
As it shall be again soon enough, the world over.
Can we get our labelling right please... there is no such thing as a "Capitalist v Socialist" economy... wether you are a socialist, communist, fascist or free marketeer ALL 4 economies are capitalist, like it or not.
Capitalism is the rules of the economic game (productivity, efficiency, wealth creation). Those rules apply wether you run a socialist or free market or any other system. And if you piss over the rules of capitalism (see USSR, North Korea, Cuba, Europe, USA) and fuk with the rules of being productive then capitalisms greatest character, The Grim Reaper, will slice and dice you for thinking the rules of capitalism don't apply to you in a grave called a bankrupt economy.
Be you socialist, communist or fascist you cannot run, cheat or hide from Capitalism as every deluded egoist in history has found out
When you attempt to remove risk of failure for a component of a system you cause systemic risk. Sorta like trying to prevent all forest fires and letting the tinder build up until you finally have that big one.
Tie up every banker and politician.
Prop open their mouths.
Everyone simply Take a Shit into it.
Then that's 1% payback for what they're done to this formerly fine country.
The Bankers and pawnZee Politicians have shit on everyone who has ever fought and/or died for this country.
They've Shit on the 99.9% of the U.S. Citizens and their futures.
It's time for a bit of Payback.
Open wide Mother Pfhuckers!
Well, perhaps, but the thrill of payback has a very short duration. We need to build parallel structures and start living outside of the game the banksters built.
My due diligence tells me to purchase more Ag, Au, & Pb while I still can.
Nyuk, nyuk, nyuk... soytenly!
$20 trillion in debt..............thanks wall street.
you have recognized a fascist regime.
potential characteristics include extreme hypocrisy,
unpredictability, instability, irrationality and extreme
insanity accepted as normalcy. linguistic comprehension
reduced to chaotic froth and or rendered useless. all symbols
degenerating into oblivion, humanity commodified and financialized.
aka povert and doom. spin replaces communication and all is
well. put on the baby girl panties and shake, baby, shake.
You need to understand the difference between the Principal and Agency business of Investment Banks. If you don't/haven't, I suggest you read The Epicurean Dealmaker. You'd make yourself sound more intelligent if you did...
Much of our present situation is due to the removal of consequences/risk for unethical behavior.
That cannot be admitted to under any circumstances, or the game collapses.
Mixed with institutionalized corruption.
Welcome to Union States of Amerika
"Tell him the good part, Mortimer." "The good part is that no matter whether our clients make money, or lose money... ...Duke & Duke get the commissions."
"Well, what do you think, Valentine?" "Sounds to me like you guys are a couple of bookies."
Without question, one of the most erudite and prescient moments in American cinema.
We are truly witnessing the destruction of our economy and, by extension, our society, all stemming from the mismanagement of abstract constructs by the sociopaths that populate our government and corporations.
"I’m simply talking about basic common sense items like: stay out of debt, don’t do anything if it doesn’t make sense, do you homework before signing a contract, etc."
Good stuff here:
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