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#1961 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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This post about sums it up:
TrustVerify Hello folks, are we still the shining city on the hill or the city surrounded by razor barbwire? Our constitution, our most sacred document as a country is meaningless! We have lost most of our civil liberties through the passage of the Patriot Act and National Defense Authorization Act (NDAA) and the new National Defense Resources Preparedness Act (NDRP)! They have authorized the use of spy drones in American skies! You can be surveilled by any number of Federal agencies, have your phone and computer tapped, bank, medical, and private records accessed! You can be arrested without gaining access to an attorney or a trial. We are molested at the airports or radiated for “security”. And just recently added National Defense Resources Preparedness (NDRP) which comes on the heels of NDAA. This Executive Order allows the government to take pretty much whatever it wants including crops, farm equipment, vehicles, boats, aircraft and fuel to “prepare” for the national defense. This includes making people work for free. You think I’m kidding about the free labor? Here’s a line straight from the EO that says, “. . . to employ persons of outstanding experience and ability without compensation. . .” This is authorized even in peace time! NYPD’s aggressive street policing program, called “stop-and-frisk,” which predominantly targets low-income minority neighborhoods. In 2011, the program stopped and searched more than 500,000 New Yorkers, 85 percent of them black or Latino. This program is moving to a city near you! We have created another cartel the “Prison Industrial Complex”! We have outsourced our incarceration of United States citizens which consists of over 6 million prisoners! This exceeds the number of prisoners held in the gulags of the former Soviet Union at any point in history! All objectivity of prison reform has flown out the window in exchange for profits! No prisoners no profits! Are there prison lobbyists? You bet and loaded with cash compliments of you and me! How did we let it get to this point!
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#1962 |
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Registered User
Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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"I think it's seven or eight of the California system of universities don't even teach an American history course. It's not even available to be taught."
— Rick Santorum, trash-talking a state whose public higher education system includes ten UC campuses, 23 California State University campuses and 112 community colleges, all of which (except the UCSF Medical Center) offer American history courses
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1963 |
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Registered User
Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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Capitalism as social policy.
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1964 |
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Registered User
Join Date: Oct 2000
Location: Appalachia, USA
Posts: 23,472
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If it's good for The Economy, it's good social policy !
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Witty Sig |
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#1965 |
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Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Go Williams-Sonoma Republicans!
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#1966 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Capitalism as social policy. Causing massive inflation of food and energy which hits low income people who use a larger proportion of their income for these items to suffer. In addition this forces more people to need food stamps and not be able to support themselves on low paying service jobs (most new jobs are low paying service jobs).
Contributing to world hunger by causing massive inflation in food and commodity prices in other countries making more people hate the U.S. Helping crooked mega banks swallow up smaller failing banks by giving the larger banks trillions in taxpayer money enabling these crooks to benefit and become larger and even more too big to fail exactly the opposite of what should be happening. If we had let the market forces work properly, the banks who took risks would have lost (instead of the taxpayer) which is how capitalism is supposed to work. Instead Ben chose to help his friends at taxpayer expense. If the trillion dollar bailout of crooked banks did not occur and they were allowed to go bankrupt,They would have lost their shirt but that would be true capitalism.. and instead of having 3 or 4 too big to fail banks loaded with toxic debt we could have had 500 new banks with new high quality debt. Only the investors who took the risks would have lost this is capitalism and what made our country great. The public is so gullible they actually believe the banks paid back the tarp money not realizing the trillions given to them at 0% is used to buy treasuries paying 2% all that interest gets added to our national debt bankrupting us to enrich a small number of crooked banksters.
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#1967 |
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Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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What market forces? There are no free markets, get over it. And the banks who took the risks would have dragged down the entire financial market with them. Do you really, honestly think that it would have been limited to just the banks that had the bad mortgages? It was the fucking markets that cause all this shit in the first fucking place
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1968 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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No free markets opened to all traders? Don't think so. Didn't say the banks were entirely at fault,said they should not have gotten any bailout money.The banking system needs revised,yet they were rewarded due to crony capitalism.
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#1969 |
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Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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Tell me ONE market that is free, that has no regulations, no import or export tariffs or taxes, no industry subsidies, nothing.
Just one. You want a "free" market move to Somalia.
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1970 | |
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Registered User
Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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One for the Limeys on the baords.
http://www.cnn.com/2012/03/29/opinio...y-sarah-palin/ Money shot; Quote:
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1971 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Free market means anyone can trade or invest based on supply and demand.
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Jack of light |
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#1972 |
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Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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But they can't, that's the point. Anyone can trade or invest according to rules and regulations. There is no truly free market in the world. We need to stop pretending we have a free market and start working to make the one we have better. But there has to be some level of regulation. Markets do not self regulate. Markets are amoral, but the people that manipulate, influence and control them are not. They're greedy and selfish, and they use the market to their advantage and that always comes at the disadvantage of someone else. Wealth is like energy, you can't create it form nothing, you can only shift it around.
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1973 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Free market is not a field within economics,it is a view point on the many different arrays of exchanges that take place within the different markets,capitol,credit,etc.The banksters used the foreign exchange market for repackage conversion of their toxic bank loans and other assets into marketable securities for sale to investors.For regulatory reporting purposes, a loan that is converted into a security and sold as an asset-backed security qualifies as a sale of assets. The seller retains no risk of loss from the assets transferred and has no obligation to the buyer for borrower defaults or changes in market value of securities sold.
So the banksters where not liable for all the bank loans they converted and sold,they made money,and hoarded the bailout money to further enrich themselves.They also used derivatives,which they probably invented,which have special legal exemptions here and around the world.Special protections for derivatives have only gotten stronger through legislation along with government guarantees.So the boys on wall street and those implanted inside the government are still controlling most of the policy.
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#1974 |
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Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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Hey you don't have to convince me on the bank bailouts, but they was due to a lack of regulation, not too much.
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1975 | |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Quote:
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#1976 |
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Location: USSA
Posts: 6,273
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Looks like maybe they had more toxic loans then they could handle for conversion to sell as assets.I'm sure most of the foreign investors that they sold to overseas with the guise of owning valuable real estate in America was realized later on when value slid rapidly.For what they paid they might break even someday with some buoyancy...heh..
I'm still not buying the whole enchilada.I remember politicians bulking at approving the bailout and then being threatened with fear mongering that the sky was falling and martial law would be put into effect immediately if they did not approve the bailout right away without any investigation into the matter. I think it was blown out of proportion and the banksters just needed to keep their set profit margins in order...Misers...Donald Trump could not even get a loan after the bailout.
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#1977 |
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Join Date: Oct 2000
Posts: 4,699
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Gotta love headlines. CNN has one reading that Obama wants to curb oil speculation, which most economists agree is impacting gas prices by 10-20% per gallon. Fox's headline is naturally, "feds seek to increase control over oil industry" zomg fear fear fear, ignore that it'll benefit 99.9999% of the nation, zomg, he's dividing us, high prices are Obama's fault!!
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#1978 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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Jack of light |
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#1979 |
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Registered User
Join Date: Sep 2000
Location: Cherry Capitol of the World, Bitch!
Posts: 71,507
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Food poisoning?
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We're all Nero, and we're all playing cheap plastic Chinese fiddles. When the Rebels become the Tyrants, Revolution takes on a New Meaning. The only truth that I fear is the dominance of opinion over thought, of partisan ideology over compromise, of emotional self righteous morality over intellectual reasoning. "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them." --- Sir. Thomas Smith, England, 1549. |
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#1980 |
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Registered User
Join Date: Sep 2000
Location: USSA
Posts: 6,273
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[quote=opus512;1657702]Food poisoning?
[/QUOTEconvenient
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