These Occupy People are getting Everywhere!
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I mean, they've just gone too far![^] :mad:
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
Still they can't occupy google
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Don't be silly. Communism her we come! Capitalism is not an ideal social model, but it works. Right now the supply is too high and the demand too low so the system is adjusting. IT WILL HURT, but it will recover. There will probably be some heavy burdens placed on the markets to get them working again and slowly they'll be removed until around 2090 everything will go FUBAR but it will be fixed again and the cycle restarts. Wash, rinse, repeat.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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Still they can't occupy google
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Don't be silly. Communism her we come! Capitalism is not an ideal social model, but it works. Right now the supply is too high and the demand too low so the system is adjusting. IT WILL HURT, but it will recover. There will probably be some heavy burdens placed on the markets to get them working again and slowly they'll be removed until around 2090 everything will go FUBAR but it will be fixed again and the cycle restarts. Wash, rinse, repeat.
Panic, Chaos, Destruction. My work here is done. Drink. Get drunk. Fall over - P O'H OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
Nagy Vilmos wrote:
Capitalism is not an ideal social model, but it works.
Not sure that it works, but it isn't quite so bad as the others.
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Dalek Dave wrote:
If you have a skill then you sell it, that is capitalism.
You don't say! :) Of course the problem we have is that you talk people into borrowing money they can;t pay back, then wrap that debt up into a credit product so complex the ratings agencies just give it a tripple A, and flog it to a bank. Hmm, some skill indeed. I didn't know BS and fraud was that valuable!
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Dalek Dave wrote:
If you have a skill then you sell it, that is capitalism.
You don't say! :) Of course the problem we have is that you talk people into borrowing money they can;t pay back, then wrap that debt up into a credit product so complex the ratings agencies just give it a tripple A, and flog it to a bank. Hmm, some skill indeed. I didn't know BS and fraud was that valuable!
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Dalek Dave wrote:
If you have a skill then you sell it, that is capitalism.
You don't say! :) Of course the problem we have is that you talk people into borrowing money they can;t pay back, then wrap that debt up into a credit product so complex the ratings agencies just give it a tripple A, and flog it to a bank. Hmm, some skill indeed. I didn't know BS and fraud was that valuable!
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Erudite__Eric wrote:
you talk people into borrowing money they can;t pay back
Errr.... don't know about outside the US but over here it was the hard left (ie. socialists) that literally forced housing lenders to give ridiculous loans to people who had no chance of paying them off that started much of the housing problem. Granted the banks and Wall Street made a mess of it from there - but it started with the likes of congressmen Dodd and Franks. If hard, cold capitalism had been left to itself this never would have happened.
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Erudite__Eric wrote:
you talk people into borrowing money they can;t pay back
Errr.... don't know about outside the US but over here it was the hard left (ie. socialists) that literally forced housing lenders to give ridiculous loans to people who had no chance of paying them off that started much of the housing problem. Granted the banks and Wall Street made a mess of it from there - but it started with the likes of congressmen Dodd and Franks. If hard, cold capitalism had been left to itself this never would have happened.
Mike Mullikin wrote:
Granted the banks and Wall Street made a mess of it from there - but it started with the likes of congressmen Dodd and Franks.
Along with a certain Community Organizer who shall remain nameless. As for the banks and Wall Street? If you were handed a stackfull of bad paper, wouldn't you try to get rid of it as soon as possible, anyway you could?
So I rounded up my camel Just to ask him for a smoke He handed me a Lucky, I said "Hey, you missed the joke." My Mu[sic] My Films My Windows Programs, etc.
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Erudite__Eric wrote:
you talk people into borrowing money they can;t pay back
Errr.... don't know about outside the US but over here it was the hard left (ie. socialists) that literally forced housing lenders to give ridiculous loans to people who had no chance of paying them off that started much of the housing problem. Granted the banks and Wall Street made a mess of it from there - but it started with the likes of congressmen Dodd and Franks. If hard, cold capitalism had been left to itself this never would have happened.
Mike Mullikin wrote:
it was the hard left (ie. socialists) that literally forced housing lenders to give ridiculous loans to people who had no chance of paying them of
Yes, I have heard of that. In the UK it was pure incompetence and fraud. 130% mortgages, self certified mortgages (you could fill in the form online, putting whatever salary you liked, and get a loan), ratings agencies giving everything a triple A and managers not understanding the credit products they were buying (and that includes the bad debt coming from the US due to as you mentioned, warped socialistic capitalism.) All this created a credit and hous price bubble, the popping of which very nearly destroyed the UK (in the UK if you cant pay the mortgage, you not only lose the house, but you are responsible for paying back the difference beyween what you borrowed it for and what the repossesor of the house sells it for, not like the US, so you can imagine the impact on society of large scale reposessions should the banks have done so in oct2008 in order to generate any kind of cash to stay afloat).
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