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but first your country will go through a major depression.
Does not HAVE to.
There are plenty of paths out.
It is just that our Corporate Powers That Be may be harmed by change.
Corporations are not even real. At least like real people are real. But they will kill the economy and no doubt some real world real people with it, that their corporations may live.
It is just that our Corporate Powers That Be may be harmed by change.
Corporations are not even real. At least like real people are real. But they will kill the economy and no doubt some real world real people with it, that their corporations may live.
The best minds are not in government. If any were, business would steal them away.
My understanding was that this "Chinese stimulus" was nothing more than prior obligations wrapped up, and remarketed to the world. In other words, the Chinese stimulus isn't all new spending.
Location: Georgia, on the Florida line, right above Tallahassee
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Quote:
Originally Posted by floridasandy
but first your country will go through a major depression.
Yeah, just like an alcoholic when he goes off the sauce.
I think what the government doing now is wrong. Giving 250 billion to banks so they can acquire other banks and hoard cash. The UK is giving out cash, too...but they have strings attached...no dividends...blah blah blah. The U.S.? Nah. No strings here. We're all buds here.
...captitalism isn't supposed to work that way. we are propping up institutions that should fail, just as Japan did. It didn't work for them, it won't work for us. we have 9,000 banks...some of them need to fail, instead we are giving money to them which will go into the pockets of the executives who lent money irresponsibly...
The best minds are not in government. If any were, business would steal them away.
Whoof, brother! Have you got THAT right! The bureaucratic mind is dull, unimaginative, and never thinks outside the box because it goes against "the rules". Bureaucrats are nothing but petty rule-makers and rule-followers.
Let a real thinker into their midst, and he'll either get killed, or will cause a revolution.
Whoof, brother! Have you got THAT right! The bureaucratic mind is dull, unimaginative, and never thinks outside the box because it goes against "the rules". Bureaucrats are nothing but petty rule-makers and rule-followers.
Let a real thinker into their midst, and he'll either get killed, or will cause a revolution.
I think (hope) we are nearing that eventuality.
I'm a little fearful of "real" thinkers. The guy who popularized mortgage backed securities was an out of the box "thinker". Debt securitization of toxic junk pretty much got us into this mess. The scary part, is that he's also the guy who's raking in billions unwinding the problems that his firm advocated and caused in the first place.
All hail capitalism... you can make money creating the mess... and make money cleaning up your own mess
Of course, I think your talking about out of the box thinking in government.... unfettered, unregulated, out of the box thinking in free enterprise can be scary.
My understanding was that this "Chinese stimulus" was nothing more than prior obligations wrapped up, and remarketed to the world. In other words, the Chinese stimulus isn't all new spending.
on the china daily newspaper they said:
Officials have said that a "large part" of the total package was new money, but they have not provided specific figures.
China plans to and will defeat US in a war without firing a single shot. It has always been their plan and we are executing perfectly for them.
First we gave them access to all of our technology and taught them how to build everything they need. Then we let them accumulate our currency by artificially keeping their currency undervalued. Paulson always blustered about China needs to appreciate the yuan but never actually did a thing (ultimate paper tiger).
Chinese are patient and strategic in thought and they have one-upped us while we all sat and watched and let it happen.They knew our attention span is short and focused on middle east.
I worked in Asia and lived in China for several years and was amazed at how easy we have made it for them.
i thought that this was an interesting article on the china-iraq-iran axis and the oil situation. Iraq, Iran, China: The emerging axis / ISN
certainly this development will allow china the opportunity to grow at a faster pace.
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