baroque
Posts: 12302
Joined: Thu Apr 27, 2006 2:15 pm

RE: Dems Even More Off The Wall Stuff

Wed Mar 30, 2011 4:41 pm

Quoting AGM100 (Reply 49):
. like starving to death slowly rather than a quick death. With the scale of spending now ...when the bills come due for our kids it wont matter anyway.

      If we all died a quick death - as would likely have happened had the G20 not acted about as they did - surely "our kids" would not have survived so it would not have mattered - no?

I do have difficulty in understanding those who think that the even bigger financial disaster that was facing us in 2008 would have been a great thing. Collapse of all banks, most businesses, unemployment likely up around the 20 to 35%.

Yep, sounds like a super bit of medicine to take. Would have benefited us all. And those kids who you worry about would have been the most affected. They were in the 1930s and that is what beckoned.

Aus suffered as badly as anywhere in the 30s, not least because our crazy Fed government insisted on paying back UK bankers a debt that had in part been incurred supporting our troops fighting in France. And they were fighting for - guess who???

The lack of sorting out the financial sector after is the main problem, but tell me, who is defending Wall St these days?
 
AGM100
Posts: 5077
Joined: Thu Dec 04, 2003 2:16 am

RE: Dems Even More Off The Wall Stuff

Wed Mar 30, 2011 5:14 pm

Quoting Baroque (Reply 50):
- no?



Figuratively Baroque ... I believe that a "crash " would given us a chance to really reform and rebuild over top of a corrupt system. I think the American people needed a good shock in the pocket to get us back to fiscal sanity ... to start saving money and spending on things that matter. The TARP effort just smoothed it over for many ... and certainly didn't stop the socialist from spending at hyper speed.

Quoting Baroque (Reply 50):
The lack of sorting out the financial sector after is the main problem, but tell me, who is defending Wall St these days?



Wall street should not need defending ... that is the whole problem. The left wants to set them up as a quasi political wing so that they can be manipulated and ..used as a piggy bank. Wall Street is America ... it is made up of many many million of American working investors . It is our choice where we want to invest .... not to be sanctioned by some bureaucrat . Typical lefty thinking ... trying to take all the risk out for the STUPID people who should not be investing in the first place. But the market has changed thier is something fishy about it now.

I am completely out of the market now ...their is something wrong and I am not smart enough to figure it out. We have the number 3 economy in the world digging out from a Tsunami ...the oil fields in revolt and falling into Islamists hands.. a full war brewing in the mouth of the Med ...and the stock market rises 4% over the last few months?. Someone has figured out a way to manipulate the numbers ... so I will sit it out for a while and stay in cash.
You dig the hole .. I fill the hole . 100% employment !
 
baroque
Posts: 12302
Joined: Thu Apr 27, 2006 2:15 pm

RE: Dems Even More Off The Wall Stuff

Wed Mar 30, 2011 5:25 pm

Quoting AGM100 (Reply 51):
Wall street should not need defending ... that is the whole problem.

Well only if you regard many of its actions as indefensible. Which does seem to be the case. But lo and behold, even the indefensible has its defenders.

Quoting AGM100 (Reply 51):
Figuratively Baroque ... I believe that a "crash " would given us a chance to really reform and rebuild over top of a corrupt system. I think the American people needed a good shock in the pocket to get us back to fiscal sanity ..

I can certainly agree with that last bit, but really I just wish you could go off to a parallel universe for a couple of months and literally if you survived come back and tell us all how it was. I think you literally may not have survived. It would not have been at all nice. And about as bad as it could get in the US. I will leave you work out why the US might have been worse than many other places (hint, look at how the Japanese behaved in extremis and ask yourself if the US would behave the same).

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