9/18/07 - A Sad Day For America

Discussion in 'Economics' started by aeliodon, Sep 12, 2007.

  1. gnome


    I call BULLSHIT! There are LOTS of evil people with money... Congressmen?
    #31     Sep 13, 2007
  2. I agree. Money doesnt corrupt.

    If you are corrupt and broke you cant Fuck shit up, but a corrupt bastard with money has a free for all for destroying everything.

    And by the way, the correct quotation is "The Love of Money"...

    A corrupt bastard will love the hell out of money and destroy you to get more....
    #32     Sep 13, 2007
  3. First, thank you for your service. I would no sooner disgrace your honor than I would today's soldiers, and nor should you. Soldiers are soldiers, as you well know. Do not group the men and women fighting in with the slime of politicians in control. A soldier does what his CO tells him to do, right, wrong or indifferent. It is not a soldier's job to ask why, and they do not practice democracy. All the old addages.

    I'm referring to the mercenary goon comment. If I was wrong where you directed that comment at, forgive me.
    #33     Sep 13, 2007
  4. J6p doesn't care.. you're just talking 'conspiracy crap' to him. As long as NASCAR doesn't fold, there's easy access to pornography on the net, and he gets his weekly paycheck for his beer so he can git 'er done, he really doesn't care. Now should this bother you or I? I think it should..

    In the meantime I"m just going to enjoy the 1:500 leverage that I have and clean up after the fed cuts. :D
    #34     Sep 13, 2007
  5. I'm just quoting "Boiler Room" bro..

    G dub-ya has money so there you go. :)
    #35     Sep 13, 2007
  6. gnome


    Think about WWII. If we had not prevailed, either the Nazis or Japs* would be running rampage over America.

    Today the military is fighting for the whimsical, personal values of Prez Bush. SON-OF-A-BITCH, I hate that!! The President is supposed to "lead the country"... do "what's in the best interest of the American people and the country as a whole". Instead, he's used his office to pursue his own personal agenda at tax-payer expense and the lives of American service personnel. That is all WRONG!. (Don't think I'm a Democratic Bush hater... RepubliClowns and DemoCraps are equally dishonest and loathsome in my view.)

    * I know this term is considered derogatory... back then, they were "Japs", now Japanese.. not the same.
    #36     Sep 13, 2007
  7. Amen to that, Ivanovich, amen to that.

    #37     Sep 13, 2007
  8. S2007S



    Boom once again, hah. Still plenty of room to fall, the housing market is still not near a bottom and wont be for a long, long, long, long, time.......the talking heads have been wrong for how long now, expect another 10% drop in housing prices over the next 6-12 months, some areas are still going to see as much as a 25-40% drop in housing prices. Its far from over. FARRRR from over.
    #38     Sep 13, 2007
  9. The military hasnt been defending America for a long time. Nobody has heard of Smedley Butler?
    #39     Sep 13, 2007
  10. You meant this move here, right? :)


    I think key to the price and economic stability that Switzerland enjoys is having a truly independent central bank. Not in mere words but in its actions.

    I quote from SNB's web site:
    "The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by Constitution and statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth."

    Naturally even in a small place like Switzerland lots of institutions would love to be able to tell the SNB exactly what to do, so how can they stay neutral?

    The key lies here:

    "... The functional independence consists in the formal prohibition of the National Bank and its statutory bodies to accept instructions from the Federal Council (that would be your President), the Federal Assembly (that would be Congress in the US) or any other body in fulfilling its monetary tasks ..."

    The SNB gets frequently shot at by political parties and trade associations for not doing this or that. Same happens to the ECB. I remember years ago some German politicians wanted to have some control over the Deutsche Bundesbank, telling them what to do. The Deutsche Bundesbank politely told them to "bugger off" :). That's what independence of a Central Bank is all about in my view: to be there to serve the whole not just a few.
    #40     Sep 13, 2007