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Old 10-25-2008, 01:04 AM
 
5,091 posts, read 13,180,331 times
Reputation: 6912

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We often quote this ...the only thing we have to fear is fear itself... from Franklin D. Roosevelt, First Inaugural Address, March 4, 1933.

But we have forgotten the rest of the speech. It shows us that the situation has not changed; our controls do not work; we cannot control the greed in our system:

----------

...Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side...

...the savings of many years in thousands of families are gone...

...Primarily this is because the rulers of the exchange of mankind's goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men...

... Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers.

...there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing...

...there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency...

-------------------------

We should, once and for all, end the greed of Free Market Capitalism and adapt a socialistic system of financial controls and end the aristocracy of the Boardroom and the overcompensated Management. We have started to do that in the last few weeks, let us continue and end it all forever.

Livecontent
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Old 10-27-2008, 09:33 AM
 
5,273 posts, read 11,927,870 times
Reputation: 5750
I think it was Truman who said something about history is never really new, it simply repeats itself.
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Old 10-27-2008, 11:33 AM
 
Location: High Bridge
2,736 posts, read 8,553,093 times
Reputation: 665
Quote:
Originally Posted by livecontent View Post
We should, once and for all, end the greed of Free Market Capitalism and adapt a socialistic system of financial controls and end the aristocracy of the Boardroom and the overcompensated Management. We have started to do that in the last few weeks, let us continue and end it all forever.

Livecontent
While I agree the situation is the same, this last statement is one I cannot agree to. Create a world where noone has to succeed to get more, and noone will succeed, as there is no "more" to get.

I would never want to risk ingenuity by putting a system of falsified equality in place. This may elicit some less than stellar responses, but not everyone is created equally. Some are more intelligent, others more athletic, some gifted musically, etc. Without a system in place that rewards greatness, I fear the loss of greatness altogether.
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Old 10-31-2008, 03:08 PM
 
230 posts, read 623,408 times
Reputation: 189
What some people see as capitalism is nothing of the sort. Actually many of our problems are caused by more government, not less. The Fannie Mae, Freddie Mac fiasco is just one good example of a primarily government created fiasco. It's unfair that these people can't own homes say the Nancy Pelosis of the world. So let's bankrupt everybody in the process. In the end Winston Churchill described socialism the best. An equal sharing of the misery. What we have in this country is far from free market capitalism. It's a confusing mixed system of capitalism, socialism, regulation and often stupidity that borders on the incredible.
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Old 11-03-2008, 05:26 PM
 
Location: Orlando
8,221 posts, read 10,958,708 times
Reputation: 4022
Quote:
Originally Posted by livecontent View Post
We often quote this ...the only thing we have to fear is fear itself... from Franklin D. Roosevelt, First Inaugural Address, March 4, 1933.

But we have forgotten the rest of the speech. It shows us that the situation has not changed; our controls do not work; we cannot control the greed in our system:

----------

...Values have shrunken to fantastic levels; taxes have risen; our ability to pay has fallen; government of all kinds is faced by serious curtailment of income; the means of exchange are frozen in the currents of trade; the withered leaves of industrial enterprise lie on every side...

...the savings of many years in thousands of families are gone...

...Primarily this is because the rulers of the exchange of mankind's goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men...

... Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers.

...there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing...

...there must be a strict supervision of all banking and credits and investments; there must be an end to speculation with other people's money, and there must be provision for an adequate but sound currency...

-------------------------

We should, once and for all, end the greed of Free Market Capitalism and adapt a socialistic system of financial controls and end the aristocracy of the Boardroom and the overcompensated Management. We have started to do that in the last few weeks, let us continue and end it all forever.

Livecontent


There is another choice... we can move away from the monetary system...

[SIZE=3]Zeitgeist - The Movie

I think this sounds far more palatable. I don;t think FDR had Socialism in mind he he wrote this.
[/SIZE]
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Old 11-27-2008, 10:52 AM
 
Location: Not where you ever lived
11,544 posts, read 25,113,118 times
Reputation: 6189
There is an old adage that says, "when the cat is away the mice will play." I have not seen where de-regulation brought competition, or decreased my cable bill or phone bill or anyother billl. No one was watching the cheese when the mice ate it; Sombody could have, in fact anybody could have watched, but nobody did. No one cared. And now we're in a financial mess where we're either afraid to spend or the lenders are too afraid to spend.

The biggest fault of the enconomy is the three legged stool we depend upon. If a fourth leg is added, then if one of the legs fail, it is does not create a domino effect like we are experiencing now. The market is correcting itsef and so is home mortgage. The auto industry business practices as a whole need a trip to the "overhaulin'" garage for a complete re--build starting with dealers who are forced into mega floor plans they cannot support and fleets of corporate planes. I think one fleet of three planes owned by all and supported by all should be enough.
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Old 11-27-2008, 04:32 PM
 
Location: Portland, Oregon
7,091 posts, read 10,497,258 times
Reputation: 4104
I can see a good number of parallels between now and then, but also that though things looked gloomy and terrible the nation rose up and became more prosperous then ever before. To see all the doom and gloom people shouting how we'll be in something resembling dark ages Europe because of the credit crisis is silly. It's not as good or bad as either extreme, if the doom and gloomers were always 100% gas would be 10 bucks a gallon by now.
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Old 04-07-2013, 07:11 PM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 80,845,359 times
Reputation: 17413
FDR's troubling view of Jews - latimes.com
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