75 economic numbers from 2012 that are almost too crazy to believe...

[EdwardBaiamonte]

dear, without crony capitalist liberal government to protect them the only way they can survive is to offer services that free individuals want to buy more than anything else in the entire world.

Do you have anything to sell that people want to buy more than anything else in the entire world? Try to invent something and you'll see how incredible and wonderful these companies are. Over time free people make good choices in buying because they know what's in their best interests better than anyone. That is how we got the stone age to here rather than regressed from the stone age backwards.

Now you've got the basics of economics down.



too stupid!! The subject was shrinking government, not Hank!! You try to change the subject as a typical liberal because you are too slow to understand the subject. PLease address the subject or admit you lack the IQ to do so.

Your subject was "crony capitalist liberal government" and its protection of corporations.
Are you confused about crony capitalist conservatives?
Maybe you should give up multi-tasking?

Ed just posts conservative beliefs. In his mind, he is a foot soldier for the corporatists whom he idolizes. But that is just in ed's head. In reality, they like everyone simply laugh at him.

typical liberal reduced to personal attack because as a liberal he lacks the IQ for substance

without crony capitalist liberal government to protect corporations the only way they can survive is to offer goods and services that free individuals want to buy more than anything else in the entire world. Now you know how we got from the stone age to here, and how liberal governemnt slows us down.

 

[Rshermr]

Your subject was "crony capitalist liberal government" and its protection of corporations.
Are you confused about crony capitalist conservatives?
Maybe you should give up multi-tasking?

Ed just posts conservative beliefs. In his mind, he is a foot soldier for the corporatists whom he idolizes. But that is just in ed's head. In reality, they like everyone simply laugh at him.

typical liberal reduced to personal attack because as a liberal he lacks the IQ for substance

without crony capitalist liberal government to protect corporations the only way they can survive is to offer goods and services that free individuals want to buy more than anything else in the entire world. Now you know how we got from the stone age to here, and how liberal governemnt slows us down.

The truth is not a personal attack. It is simply the truth. And, besides, I always tell anyone who I talk to that it is not your fault. Mental illness is just plain bad luck.

 

[Uncensored2008]

"Paulson had his share of tensions with other regulators. Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., exasperated him at times. Her job was to protect the FDIC's deposit insurance fund, and she raised concerns about Paulson's plans to bail out Citigroup.

"'Sometimes she said things that made my jaw drop,' Paulson wrote. 'That morning she had said she wasn't sure that Citi's failure would constitute a systemic risk." Paulson said he thought Bair 'was simply posturing.'"

Which one had the correct analysis regarding Citi?

Henry Paulson's book offers a glimpse inside the economic crisis

The point being that politically, Paulson holds views consistent with Barney Frank. Paulison is hard left-wing.

 

[Uncensored2008]

Ed just posts conservative beliefs. In his mind, he is a foot soldier for the corporatists whom he idolizes. But that is just in ed's head. In reality, they like everyone simply laugh at him.

Yes, corporatists have foot soldiers. They go to a website, just like you go to Communist Dreams, to be programmed to spew idiocy, just as you are...

Or perhaps, you're just a fucking moron...

 

[georgephillip]

"Paulson had his share of tensions with other regulators. Sheila C. Bair, chairman of the Federal Deposit Insurance Corp., exasperated him at times. Her job was to protect the FDIC's deposit insurance fund, and she raised concerns about Paulson's plans to bail out Citigroup.

"'Sometimes she said things that made my jaw drop,' Paulson wrote. 'That morning she had said she wasn't sure that Citi's failure would constitute a systemic risk." Paulson said he thought Bair 'was simply posturing.'"

Which one had the correct analysis regarding Citi?

Henry Paulson's book offers a glimpse inside the economic crisis

The point being that politically, Paulson holds views consistent with Barney Frank. Paulison is hard left-wing.

If Paulson's hard left, what's Sheila?
Why would a hard leftie's jaw drop if Citi collapsed?

 

[Uncensored2008]

If Paulson's hard left, what's Sheila?
Why would a hard leftie's jaw drop if Citi collapsed?

The large banks are extensions of the power structure of the state. Have you not noticed the ease with which the well connected ooze back and forth between GS, Citi, and the Treasury Dept.?

There is a reason for this.

Citi collapsing would be akin to a branch of Treasury collapsing - it is a virtual government agency.

 

[EdwardBaiamonte]

The large banks are extensions of the power structure of the state.

of course only liberals want the state to have power!!

 

[georgephillip]

While only conservatives trust power in the hands of private bankers.

 

[georgephillip]

If Paulson's hard left, what's Sheila?
Why would a hard leftie's jaw drop if Citi collapsed?

The large banks are extensions of the power structure of the state. Have you not noticed the ease with which the well connected ooze back and forth between GS, Citi, and the Treasury Dept.?

There is a reason for this.

Citi collapsing would be akin to a branch of Treasury collapsing - it is a virtual government agency.

"Large banks are extensions of the...state."

Since all corporations are dependents of the state, I don't see how weakening "democratic" control over private tyrannies results in less control accounting fraud on Wall Street.

What actions would you suggest to restrict the ooze from migrating between positions of corporate influence and state influence? Would not public oversight over private business practices need to increase?

 

[EdwardBaiamonte]

While only conservatives trust power in the hands of private bankers.

dear, there is only one goverment monopoly while there are 10's of 1000's of banks all around the world and all competiing with each other to serve us!!!

 

[georgephillip]

While only conservatives trust power in the hands of private bankers.

dear, there is only one goverment monopoly while there are 10's of 1000's of banks all around the world and all competiing with each other to serve us!!!

"There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives."

Who will bail out these four major banks when their next bubble bursts?
10s of 1000s of private banks or the US taxpayers?

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe | Zero Hedge

 

[EdwardBaiamonte]

While only conservatives trust power in the hands of private bankers.

dear, there is only one goverment monopoly while there are 10's of 1000's of banks all around the world and all competiing with each other to serve us!!!

"There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives."

Who will bail out these four major banks when their next bubble bursts?
10s of 1000s of private banks or the US taxpayers?

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe | Zero Hedge

too stupid!!! you said the bankers had all the power, then you said they were vulnerable and will need a bailout?? Why not try college and law schools to learn how to think??

 

[georgephillip]

I said four US banks have the power to extract $trillions in bailouts.
Maybe you should re-try kindergarten?

 

[EdwardBaiamonte]

I said four US banks have the power to extract $trillions in bailouts.
Maybe you should re-try kindergarten?

you said the banks have all the power, now you say 4 banks have
the power to extract trillions. See how your position is evolving as you slowly learn the truth.


Also, 40 trillion in derivatives??? Where did you get that??? A derivative is in effect insurance or a hedge. Each bank protecting itself on the long or short side so its impossible to need 40 trillion. We just bailed out the banks for a few billion each not 40 trillion!!! Got it now??Sorry

 

[georgephillip]

Rhymes With Rich (Bitch)!

"for a few billion"
Next you'll lie about the profit taxpayers earned from bailing out corrupt parasites.
Try pre-school, Pluto, your pathic rants are embarrassing to read.
Not sorry.
Got it?

 

[Uncensored2008]

While only conservatives trust power in the hands of private bankers.

I haven't seen anyone advocating more power to the banks. In fact, it was the right who advocated letting the market adjust on it's own, which meant letting Goldman Sachs, Chase, BofA and the rest fail.

 

[Uncensored2008]

"Large banks are extensions of the...state."

Since all corporations are dependents of the state,

In what way is Apple Computer "dependent?"

Your contention is an absurdity.

I don't see how weakening "democratic" control over private tyrannies results in less control accounting fraud on Wall Street.

What actions would you suggest to restrict the ooze from migrating between positions of corporate influence and state influence? Would not public oversight over private business practices need to increase?

Real simple, a strict and impenetrable wall of separation between business and state. First step, dissolve the Federal Reserve. Return monetary policy to congress. Add a constitutional provision that no public monies can be spent to support or prop-up any business or financial institution.

 

[EdwardBaiamonte]

Real simple, a strict and impenetrable wall of separation between business and state.

those impowered to make the wall can also breach it. The solution is diminish the state so it has no power to save business from the rigors of the free market or to built its own temporary prison.

First step, dissolve the Federal Reserve. Return monetary policy to congress.

wow that is very very mistaken. Congress is a political body that knows nothing whatsoever about monetary policy beholden to voters who know far far less. I'll take a genius Princeton professor any day and a board of governors especially since they just demonstrated they knows how to rescue the world from certain world wide depression!!

Add a constitutional provision that no public monies can be spent to support or prop-up any business or financial institution.

history shows that bank runs are contagious so we cant let them fail. History shows that if we had let them fail we'd be in a huge depression right now.

 

[georgephillip]

"Large banks are extensions of the...state."

Since all corporations are dependents of the state,

In what way is Apple Computer "dependent?"

Your contention is an absurdity.

I don't see how weakening "democratic" control over private tyrannies results in less control accounting fraud on Wall Street.

What actions would you suggest to restrict the ooze from migrating between positions of corporate influence and state influence? Would not public oversight over private business practices need to increase?

Real simple, a strict and impenetrable wall of separation between business and state. First step, dissolve the Federal Reserve. Return monetary policy to congress. Add a constitutional provision that no public monies can be spent to support or prop-up any business or financial institution.

"In what way is Apple Computer 'dependent' (upon the state)"

Are not all corporations chartered by the state?
All corporations depend on courts and other infrastructure provided by the state for their existence.
Individuals certainly exist independently of a state, but corporations are creatures of the (judicial branch) state.

A "strict and impenetrable wall of separation between business and state" sounds like an excellent solution to me. I don't think the richest 1% of Americans feel the same way, and I'm sure elected Republicans AND Democrats will not be championing the cause. Where do we start?

 

[EdwardBaiamonte]

Are not all corporations chartered by the state?

too stupid they are chartered by one of 50 states each of which regulate differently.

All corporations depend on courts and other infrastructure provided by the state for their existence.
Individuals certainly exist independently of a state, but corporations are creatures of the (judicial branch) state.

too stupid!!! as if individuals don't depend on courts and infrastructure!!!

A "strict and impenetrable wall of separation between business and state" sounds like an excellent solution to me.

so then does depression sound like a solution to you? Who would print the money corporations use?? Government could not then bail out the banks and prevent depression????????????

I don't think the richest 1% of Americans feel the same way,

too stupid!! of course they would!!! you don't want to get beat because your competitor has bought off the government. You want fair competition

and I'm sure elected Republicans AND Democrats will not be championing the cause. Where do we start?

too stupid Republicans since Jefferson have stood for limited government so government lacks the power to help one business beat another!!