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Must Read From the Economist
The Euro: Beware of Falling Masonry from the Economist
The prospect that one country might break its ties to the euro, voluntarily or not, would cause widespread bank runs in other weak economies. Depositors would rush to get their savings out of the country to pre-empt a forced conversion to a new, weaker currency. Governments would have to impose limits on bank withdrawals or close banks temporarily. Capital controls and even travel restrictions would be needed to stanch the bleeding of money from the economy. Such restrictions would slow the circulation of money around the economy, deepening the recession.
Sounds great.
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I don't even think he is truly Muslim. I think he is more likely a manchurian candidate mk-ultra type, with an aedipos complex and a CIA-created resume. It's interesting to note that his mother, (supposed) father, and other family members are reported to have been CIA assets working in Africa to spy on the communist movements in Kenya and greater Africa. More to this story, but am too tired to type...
Our latest hatemonger spews again....
Do you have anything constructive to post? Or are you just an angry yokel hanging out in your mom's basement?
Did not have no future? Ain't that not a undouble negative? Btw, he's a Democrat. There are plenty of peace loving free market supporting Muslims. And they ain't no using no undouble negatives.
No, I held my nose and voted for the other dumbass. Don't give me any shit, I am a very frugal, debt free American. I was never exposed to any financial education until I stumbled onto this site almost 2 years ago. I was a dem committeeman for 16 years because I belonged to organized labor. 4 years ago I finally had enough and changed my party affiliation to republican. Living in Illinois, there is not much difference between the two. I joined the 9/12 patriots 2 years ago because I felt that they were building an organization that would have the power to hold the republicans to their party platform. Today, it is still a work in progress. About 6 months ago, I was reading a zh article and didn't know what MBS was, so I checked it out on wikipedia. I spent about an hour reading and re-reading that lengthy explanation. How in the hell do you financial fucks dream up these complicated things, anyhow? It's no wonder our nation is headed towards financial disaster. I actually follow your comments, along with many others, and find that I agree with you most of the time, accept for your last comment. Thank you for your reply P.S. I was recently elected as an alderman in my community. I was not prepared for what I have learned since last May. Public sector unions are not forgiving, nor understanding of the plight of the private sector that pays their wages and benefits. They truly are protected by state law.
Good for you and your pursuit of truth and knowledge. I would advise you against falling for the "two party system" trap. It is simply a function of the HEGELIAN DIALECTICAL SYSTEM. If you are interested in learning what that is and some TRUE history, may I suggest a couple of books? You seem to enjoy the quest of knowledge:
Happy reading!
If you are a commissioner(alderman) you need to look at choices you are not given. As an example you should have written in on the ballot instead of holding you nose. Another example--I'm sure you have a mandate from the State about manning of fire houses or a minimum number of FF per population. Set in motion an inititive to augment the county professional FF (the ones with huge pensions) with voluntary FF. Your reasoning can be that if in an emergency some of the FF are encapacitated the mandate for manning cannot be met-- pass a plan for training of a voluntary FF force by the Professionals in your county (the ones sitting on their ass doing nothing while waiting for the overtime callout).---vola-- you have professionally trained FF manning pool that can replace the out going (pensions, moving, etc.) Professional FF mandated manning. --soon(in a few years) you will have an all volunteer fire dept-- with a few paid Pro FF to manage the system-- will save your county. Just a thought.
Man, I'd love to see that happen here. City is currently paying 51% of this year's FF payroll to their retirement fund.
Sorry but what does 'very frugal, debt free American' have to do w/ voting for a wall st/war st. loving* senile fool and his batshit money/media ho vp?
9/12 sounds swell and all, but we don't need to 'take our country back'....we need to take it forward. Always. Forward.
*Yea. I know. StatusquObama is also a lover of wall/war st.**
** fuck um. All of them.
Ok, I'll play, what the fuck do you do other than drunken blather? At least give someone some credit for living a purposeful life. I worked very hard throughout my personally satisfying career. I pretty much concentrated all my effort over 34 years to learn the skills of my trade ending my career at the top of my craft. Your first response seemed almost collegial, but then you went off on a tangent. Don't take your personal problems out on me, I am trying to do the right thing according to my oath of office. I've been drinking since 4 o'clock this afternoon, yet I am not acting like an asshole. Tomorrow, I will wake up early and tend to my constituents problems, and concerns. What will you do? Being bitter will not solve your financial or personal problems. Maybe someone in your situation should look to the Lord to find redemption. You should seek some counseling. I will say a prayer for you.
Sir,
I for one have no problem with a working man who does an honest job for an honest wage,
don't let the vitrolic comments from some of us ZH's bother you, a lot of us have lost everything to the Wall St "white shoe" boys. It's about time we start seeing a lot of bodies swinging from lamp posts.
Precisely, the only people who fear complete and total collapse of a fraudulent system are those paper-pushing fucknuts who know that their "labor" is not worth the current compensation. The gross mis-allocation of capital and destruction of real wealth that is occuring as a result of ZIRP has guarranteed that the U.S will experience Japan 2.0 at a minimum. Unfortunately, the reality of a complete fiat collapse will be much worse. Got physical assets of value, tradable skills, and like minded neighbors? You fucking better. I know the value of my employees and I, we welcome the collapse, fucking bring it.
+1 another slam to the face with the fist of truth
YUP....I'll play too. Thirtyfuckingfour years?! I became journeyman in less than four! Then went into mngmt, then sales, then mngmt of sales. Then the const. industry exploded into bubblemania.....prayers couldn't save it!
I've been drinking since three, so ubetcha...and u r an asshole. Ubetcha. Tomorrow u will shuffle papers. Period/Ubetcha. U R a sheep. And ur lord is a non-existant-joke-of-the-highest-order. Ubetcha. Seek reality. & ...just for dogs sake I wont say a prayer for you because prayer is a joke, and those that believe in it need 'some counseling'. Ubetcha.
Management of sales of overpriced, shabbily built homes. Your contributions on this thread belie the reason why your career ended 12 years ago. Journeyman in three years? No serious tradesman would ever claim to have it all figured out in less than 20. You remind me of some of my former boss's foremen. We had one who started running work after 4 years in the trade. He was very good on the phone.
Regardless of the argument, going forward into the coming fuckstorm, I'd rather be a carpenter with practical tradeable skills than a paper pusher. If I woke up some years back then I most likely should have started stacking some shiney into the bargain, and that is also regardless of the argument.
Long PM's Short Nails my friend.
Yup, I'm the reason the construction industry died, Ubetcha. Un mas thang, people that take twenty years to "figure out" their trade are not figuring it out. They are being told what to do. Daily. Sorry you can't learn faster. You remind me of some of my former boss's underlings. Very good on their knees.
You are kind of a jerk, FS, but what you said reminded me of a saying by Erasmus.
"Experience is a good teacher, but very expensive".
Not dissing you CL17, but FS does make a good point. You seem like a decent person. We all come to truth whenever we do.
We weren't slapping together subdivision component homes. I mainly worked on high end condo projects at the end of my career. Our average job would go for 12-16 months, with some going for as long as five years. We had one customer named Ken Griffin who bought the top two floors of the Park Hyatt in Chicago. I think he was a hedge fund owner by the name of citadel. Mr. Griffin couldn't make up his mind and constantly changed things. He was a good customer. This is not the kind of work you see on t.v. We also built large houses( 20,000 sq.ft. and up) and did total house remodels, in the suburbs. I may be a slow learner but I learned my trade thoroughly. It is much more challenging when you do all aspects of a project, as we used to do. I was also gainfully employed my entire 34 year career, the last 22 with the same contractor. This all finally came to an end January 2010. I always prepared for that day, that's why I can afford to maintain my home and lifestyle, working full time at my elected position that pays me 22,000 a year plus benefits. I live rather frugally, but I enjoy each and every day of my existence.
Sounds like you are in good shape, and frankly if I needed something built I would call someone like you. What FS said just reminded me of that saying from Erasmus. The purpose of the saying is to say it is good to get an education (or a apprenticeship) where you learn the foundation more quickly and from the right people. Still, once you get out of school (say with an engineering degree), it takes 10+ years before you become really productive and self reliant. I suspect that you are just exhibiting some humility when you say it took 20 years to figure out. It took 20 years to be where you could initiate a large project and carry it through to the end, AND make money on it, while giving the customer value for that money. I have 25 years of engineering experience. I probably could have shortened the time to get where I am by getting an advanced degreee, but I did not. Still I am satisfied with where I am at now (and have been for many years). I have purposely shied from management, wanting to learn more and actually use my engineering skills. One possible outcome of this collapse is that manufacturing (and thus engineering and a lot of other jobs) may come back to US form China and other places. There are some positives to the collapse.
Welcome to the fight club.... happy to see you post instead of lurking.
u mean barry soetoro??
Baruch Soetoro