APP - what happened to

[Don Quixote]

reforming our financial system to prevent another financial meltdown

it has been a year since the collapse and no action is even in any committee in congress

 

[Lowaicue]

reforming our financial system to prevent another financial meltdown

it has been a year since the collapse and no action is even in any committee in congress

Pitsburgh September 09

 

[/MSG/]

The meltdowns are a good thing in my eyes. Crisis is needed to wash away the old and infuse the new. That's why we do controlled burns in forrests.

 

[Lowaicue]

The meltdowns are a good thing in my eyes. Crisis is needed to wash away the old and infuse the new. That's why we do controlled burns in forrests.

I think you are right. Certainly on a much smaller scale a business should have a major shake up every ten years or so.
Imagine what would have happened if we had just tootled on regardless. What would the average personal debt been? How many house owners would be oblivious to the fact that they were sitting on negative equity.
The human race needs a good arse kicking every once in a while.

 

[/MSG/]

Zen

 

[Lao Tse]

The meltdowns are a good thing in my eyes. Crisis is needed to wash away the old and infuse the new. That's why we do controlled burns in forrests.

Yes. But the main players in orchestrating this bullshit are still in business, and getting government money. The scum is calcifying, not being washed away.

 

[/MSG/]

You have no patience. Zen takes time.

 

[Lao Tse]

You have no patience. Zen takes time.

Take your b.s. and go home.

 

[DamnYankee]

The meltdowns are a good thing in my eyes. Crisis is needed to wash away the old and infuse the new. That's why we do controlled burns in forrests.

If that's what happened, but the government just printed and borrowed more cash to delay the inevitable.

 

[Lao Tse]

If that's what happened, but the government just printed and borrowed more cash to delay the inevitable.

Yes, and more specifically, they choose who in society DESERVES to survive, and who does not, based on politics, or worldview, or race revenge or whatever.

Fiat currency is an insane invention, a tool of totalitarian control.

 

[/MSG/]

If that's what happened, but the government just printed and borrowed more cash to delay the inevitable.

Again, patience. Anything worth having is never instant and there is more than one way to skin a cat.

 

[Lao Tse]

Again, patience. Anything worth having is never instant and there is more than one way to skin a cat.

You're not deep.

 

[/MSG/]

No, but I am right.

 

[Lao Tse]

No, but I am right.

The worst recession since the depression. ONLY functioning due to bailouts.

That's a real winning recipe. The MARKET ROCKS, DUDE!

you = moron.

 

[/MSG/]

Now where in my statements did I ever claim anything like that? Yes I said the crisis was good, but otherwise have said the same thing several times; Patience.

That's one of the greatest problems in America today. We need to fix it NOW! We need this bill passed NOW! NOW! NOW! Everything is always needed NOW! Guess what? That doesn't always happen. In fact it rarely does. Wishing will not make it any less true.

You want a possible solution to economic troubles here? Wait. That's right, just wait. People need confidence in the market. And confidence takes time to build especially after such a troubled time.

 

[Lao Tse]

Now where in my statements did I ever claim anything like that? Yes I said the crisis was good, but otherwise have said the same thing several times; Patience.

That's one of the greatest problems in America today. We need to fix it NOW! We need this bill passed NOW! NOW! NOW! Everything is always needed NOW! Guess what? That doesn't always happen. In fact it rarely does. Wishing will not make it any less true.

You want a possible solution to economic troubles here? Wait. That's right, just wait. People need confidence in the market. And confidence takes time to build especially after such a troubled time.

There should be no confidence in a market kept afloat by bailouts of massive fiat currency and run by criminals and fascists.

you're being led to the slaughter.

Pump and dump brother. Haven't you ever seen oh... every movie ever made about wallstreet criminals? You watch the news?

 

[/MSG/]

And whose to say that those criminals won't be punished and removed?

 

[Lao Tse]

And whose to say that those criminals won't be punished and removed?

It's a criminal enterprise. the entire central banking system and the system of fiat currency must come to an end. It's business is totalitarianism and cronyism. It's too much power concentrated in too few hands. It's essentially a turnkey dictatorship, based on a mass delusion that THEY WILL DO WHAT'S RIGHT. Newflash, they won't.

 

[FUCK THE POLICE]

The meltdowns are a good thing in my eyes. Crisis is needed to wash away the old and infuse the new. That's why we do controlled burns in forrests.

That's a great new theory you came up with. Oh wait, it seems a little simialar to someone elses:

http://en.wikipedia.org/wiki/Andrew_Mellon#The_Great_Depression

The Great Depression

Mellon became unpopular with the onset of the [ame="http://en.wikipedia.org/wiki/Great_Depression"]Great Depression[/ame] when his infamous "liquidationist" thesis. He advised [ame="http://en.wikipedia.org/wiki/Herbert_Hoover"]Herbert Hoover[/ame] to "liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate ... it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."[[ame="http://en.wikipedia.org/wiki/Wikipedia:Citation_needed"]citation needed[/ame]] Additionally, he advocated the weeding out "weak" banks as a harsh but necessary prerequisite to the recovery of the banking system. This "weeding out" was accomplished through refusing to lend cash to banks (taking loans and other investments as collateral), and by refusing to put more cash in circulation. He advocated spending cuts to keep the [ame="http://en.wikipedia.org/wiki/Federal_budget"]Federal budget[/ame] balanced, and opposed fiscal stimulus measures.

 

[Lowaicue]

That's a great new theory you came up with. Oh wait, it seems a little simialar to someone elses:

http://en.wikipedia.org/wiki/Andrew_Mellon#The_Great_Depression

The Great Depression

Mellon became unpopular with the onset of the Great Depression when his infamous "liquidationist" thesis. He advised Herbert Hoover to "liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate ... it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."[citation needed] Additionally, he advocated the weeding out "weak" banks as a harsh but necessary prerequisite to the recovery of the banking system. This "weeding out" was accomplished through refusing to lend cash to banks (taking loans and other investments as collateral), and by refusing to put more cash in circulation. He advocated spending cuts to keep the Federal budget balanced, and opposed fiscal stimulus measures.

It is difficult to make comparisons across history. Governments change, populations change, expectations change. Everything changes. Its 80 years since the depression. Look at the changes that have occurred, look at the inventions that have changed the way we live, look at the vast amount of knowledge that we have now that one could not even dream about then.
We have to formulate macro policies based upon the latest information we have and the sum of all our experiences. (To simplify it somewhat)