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Old 06-29-2011, 11:00 AM
 
Location: Wherabouts Unknown!
7,841 posts, read 19,000,942 times
Reputation: 9586

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floridasandy wrote:
Why would anyone anywhere purchase an American financial instrument again? Are they regulated? Are the regulations enforced? Are miscreants/criminals investigated/prosecuted/punished? The answer so far appears to be no.
Agreed and I would use even stronger wording. I would modify the bolded sentence to read: The answer is ABSOLUTELY NO!
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Old 06-29-2011, 06:11 PM
 
3,335 posts, read 2,986,432 times
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Quote:
Originally Posted by DSOs View Post
I’m not sure what you mean by general strike? Unless they’re in a Union, a worker won’t/can’t strike—their precious 401ks create a conundrum!

As long as The People have a DEBT/Liquidity problem they have no financial leverage IMHO.
If there were unity in this country. The obvious power is that of the consumer.
We have been boxed in to the worship the credit rating "game"....

What if everyone in unison went on a credit rating strike and show the Banksters who runs this world.

<<<<<<<CONSUMERS>>>>>

If we don't care about the rating and we all default. The power returns to the people.

Mass credit rating strike ....

Everything will get reset.
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Old 06-29-2011, 06:29 PM
 
12,867 posts, read 14,916,363 times
Reputation: 4459
you are overlooking human nature.

everybody wants more, and nobody wants to give up anything-and that goes from the richest person to the poorest person.

for crying out loud, people won't even take the time now to contact their representatives to object to a spending bill or demand that the spending stops. how will this movement start?

this economic manipulation is playing out around the world, and the "powers that be" clearly see now that they can get away with robbing the people blind.

only iceland said no, because the icelanders stood up to their government:

http://www.youtube.com/watch?v=WK3sJeGfd8k

icelanders did not want to socialize the losses.

Last edited by floridasandy; 06-29-2011 at 07:34 PM..
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Old 06-30-2011, 08:03 AM
 
Location: San Diego California
6,795 posts, read 7,289,826 times
Reputation: 5194
Quote:
Originally Posted by floridasandy View Post
you are overlooking human nature.

everybody wants more, and nobody wants to give up anything-and that goes from the richest person to the poorest person.

for crying out loud, people won't even take the time now to contact their representatives to object to a spending bill or demand that the spending stops. how will this movement start?

this economic manipulation is playing out around the world, and the "powers that be" clearly see now that they can get away with robbing the people blind.

only iceland said no, because the icelanders stood up to their government:


YouTube - &#x202a;Protests in Iceland - Mótmælin á Íslandi (edited video)&#x202c;&rlm;

icelanders did not want to socialize the losses.
It starts with awareness and education. People are beginning to understand, but it is a steep learning curve and unfortunately, many are still living with their heads stuck in the sand. People in Europe are far ahead of Americans at this stage of the game, but they are suffering more also.
Keep speaking the truth and one day the majority will understand.
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Old 06-30-2011, 10:12 PM
 
30,896 posts, read 36,965,098 times
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Quote:
Originally Posted by newenglandgirl View Post
Lots and lots of women who are not "poor" have children "out of wedlock." They simply don't want to, or can't for some reason, be legally married. Many single women in the professions whose bio clock is running down have a relationship to have a child and that's it, they dump the guy and hire a nanny. I personally know a female judge and a doctor who have done this--seems perfectly acceptable at a certain income, right? I think you're thinking of stereotypical women of a certain class who have always done this, but it's not just them across the board.
Well, no, it's not 100% true across the board. Unfortunately, many middle class women have adopted the single parent model, to the detriment of themselves & their kids, economically, financially and emotionally.

I'm glad some moderates/liberals are starting to see this trend as a negative one:

Forget Juno. Out-of-wedlock births are a national catastrophe. - By Emily Yoffe - Slate Magazine

Some researchers identify out-of-wedlock births as the chief cause for the increasing stratification and inequality of American life, the first step that casts children into an ever more rigid caste system. Studies have found that children born to single mothers are vastly more likely to be poor, have behavioral and psychological problems, drop out of high school, and themselves go on to have out-of-wedlock children.
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Old 07-01-2011, 04:47 AM
 
12,867 posts, read 14,916,363 times
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Quote:
Originally Posted by jimhcom View Post
It starts with awareness and education. People are beginning to understand, but it is a steep learning curve and unfortunately, many are still living with their heads stuck in the sand. People in Europe are far ahead of Americans at this stage of the game, but they are suffering more also.
Keep speaking the truth and one day the majority will understand.
here's something interesting:

goldman is outsourcing jobs:
Pity of Pities: Goldman Sachs is Sending Jobs Overseas

there is irony for you, when it hits the financial sector.

of course, unsustainable high levels of debt due to government spending aren't just confined to the united states or europe:

http://www.minyanville.com/dailyfeed...ly-limited-to/

this is worldwide.

Last edited by floridasandy; 07-01-2011 at 04:56 AM..
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Old 07-01-2011, 04:07 PM
 
Location: 3rd Rock fts
762 posts, read 1,099,724 times
Reputation: 304
Quote:
Originally Posted by modeerf View Post
If there were unity in this country. The obvious power is that of the consumer.
We have been boxed in to the worship the credit rating "game"....

What if everyone in unison went on a credit rating strike and show the Banksters who runs this world.

<<<<<<<CONSUMERS>>>>>

If we don't care about the rating and we all default. The power returns to the people.

Mass credit rating strike ....

Everything will get reset.
I used to agree with that but NOW I’m not so sure? The problem is US citizens’ are no longer consumers—they’re a freeloading monstrosity. In the USA, BUSINESS doesn’t get paid unless Gov’t, either directly or indirectly, pays for it.

One way to keep the Banksters/Corporations in check is for the CONSUMER to learn how to keep the legitimate ponzi-scheme going—don’t create a moral hazard condition via TOO MUCH frivolous, multi-layered DEBT!! Let’s see if the Developing countries learn from the Developed countries mistakes?
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Old 07-02-2011, 07:56 PM
 
33,016 posts, read 27,464,007 times
Reputation: 9074
Quote:
Originally Posted by Nor'Eastah View Post
With a paper fiat currency, if no one borrows, there is no prosperity. No matter how foolish Boobus Americanus was, you gotta admit, we had one heluva run there! Now...are we all ready to pay for our sins?

Poor Americans did not participate in the spending spree. We did not buy homes we could not afford. Now our rents are going through the roof because of the misdeeds of others.

Why should we have to pay for your mistakes?
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Old 07-05-2011, 09:21 PM
 
5,760 posts, read 11,548,273 times
Reputation: 4949
Quote:
Originally Posted by freemkt View Post
Poor Americans did not participate in the spending spree. We did not buy homes we could not afford. Now our rents are going through the roof because of the misdeeds of others.

Why should we have to pay for your mistakes?
Is not that what happens in a Free Market?

Just asking, because I figured with the name choice and all, maybe you would know?

Maybe rent control, banking regulations, eliminating usury, etc. -- all those anti-free market .gov regulations would be a preferred method?
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Old 07-11-2011, 05:18 PM
 
706 posts, read 1,309,218 times
Reputation: 369
Quote:
Originally Posted by floridasandy View Post
bush was a very bad president but if we put it in perspective you can see the statistics for how much worse obama actually has been since he has been in office:

http://www.marketoracle.co.uk/Article26220.html


that should give everyone a yikes moment, for that much deterioration in such a short period of time.


we need new leadership and we need to head in a new direction.
Yes, because your republican governor is doing wonders
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