tag:blogger.com,1999:blog-4102429195693595750.post5316827441263376480..comments2024-02-24T19:10:00.395+02:00Comments on Sudden Debt: CDS: Hedge Or Hog?Hellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-4102429195693595750.post-73476286463965031322011-01-13T07:23:51.223+02:002011-01-13T07:23:51.223+02:00Re: Zeitgeist
I think the best attitude to take i...Re: Zeitgeist<br /><br />I think the best attitude to take in discussing monetary economics is to shrug and say" "It's just money. Now, let's talk about reality".Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-1903896025363655052011-01-13T03:21:14.798+02:002011-01-13T03:21:14.798+02:00Cottonbloggin:
Perhaps this is a bad time to brin...Cottonbloggin:<br /><br />Perhaps this is a bad time to bring it up, but <a href="http://tpmlivewire.talkingpointsmemo.com/2011/01/jared-loughners-friend-tells-gma-he-did-not-watch-tv-he-disliked-the-news.php?ref=fpb" rel="nofollow">Zeitgeist now has an infamous connection</a>.OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-90950699001634017652011-01-13T00:38:02.521+02:002011-01-13T00:38:02.521+02:00Cottonbloggin:
If I heard it right in the video, ...Cottonbloggin:<br /><br />If I heard it right in the video, it sure sounded to me like they were advocating the <i>elimination</i> of money altogether, not a change in how it is counted.OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-40477472933332963932011-01-12T19:00:00.672+02:002011-01-12T19:00:00.672+02:00Okie--
Hell and Zeitgeist both advocate for chang...Okie--<br /><br />Hell and Zeitgeist both advocate for change in the monetary policy. And both seem to have come to their conclusions based on a reasoned analysis of the financial system: that money is debt, as well as the permagrowth v. a sustainable economic system where long term interests are taken into account argument<br /><br />It seems to me that Hell and someone advocating for zeitgeist would (probably) have a pleasant and agreeable conversation about the challenges and limitations of our current financial situation, which would continue until the conversation turned to the specific solutions on how to move forward with the information. <br /><br />Regardless... I thought Hell would be interested to see that the "money is DEBT" meme which he has drilled into our head, is now cropping up in all sorts of places.. crackpot and MSM alike-- FYI, i could also have pointed out one of "this american life's" most recent episodes where the byline reads something along the lines of, "the invention of money... you'll be interested to know, it's nothing but fiction"<br /><br />Anyway, I thought hell might be interested in commenting since its NECESSARY for the meme to propagate and become "common" knowledge before any change can be had, but... in the process of it becoming "common knowledge" there also runs the risk that humanity chooses to apply that information in ways that may not necessarily be any better for us. But, whatever...Cottonblogginhttps://www.blogger.com/profile/11346520373344361444noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-31477242982534352332011-01-12T07:32:57.244+02:002011-01-12T07:32:57.244+02:00I'm certain that CDS sellers are NOT mostly P&...I'm certain that CDS sellers are NOT mostly P&C firms. I was drawing a parallel with them. That said, AIG was one of the biggest sellers of CDS up until 2008.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-40539455737688059852011-01-12T06:03:11.527+02:002011-01-12T06:03:11.527+02:00Do you mind commenting on the buyers and sellers o...Do you mind commenting on the buyers and sellers of CDS? You mentioned that sellers of CDS are generally property casualty firms. <br /><br />My question is, why is there not outrage towards the sellers of such instruments? So much has been said about how awful buyers of CDS are yet no comments are made about the sellers. Aren't they liable for poor decisions? I am not an expert about this nor do I run a fund. Just curious about your thoughts. Thanks, MikeMike McGinleynoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-34255291803588697852011-01-12T04:41:42.298+02:002011-01-12T04:41:42.298+02:00Cottonbloggin:
I watched a video at the Zeitgeist...Cottonbloggin:<br /><br />I watched a video at the <a href="http://www.thezeitgeistmovement.com/joomla/index.php?Itemid=50" rel="nofollow">Zeitgeist Movement's website</a> regarding their belief system (all 97 minutes of it). It is a Utopian vision of a perfect society and ideology (politically expressing an almost <a href="http://en.wikipedia.org/wiki/Social_anarchism" rel="nofollow">anarcho-socialist</a> vision of governance -- if not exactly that). I don't think Hellasious -- and certainly not I -- believes everything this group advocates. While it is true that we both would advocate a movement toward more alternative energy, there is much more to the group than a more efficient use of resources. <br /><br />What is it with all of these groups lately arguing for anarchy in one form or another? Has the whole world gone mad?OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-7104515810569078962011-01-11T21:28:09.761+02:002011-01-11T21:28:09.761+02:00Hell, would you be so kind as to comment on the ze...Hell, would you be so kind as to comment on the zeitgeist movement? It seems to be that it's views and yours share some similarities. Thanks.Cottonblogginhttps://www.blogger.com/profile/11346520373344361444noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-47675880037184185922011-01-11T21:26:50.615+02:002011-01-11T21:26:50.615+02:00This comment has been removed by the author.Cottonblogginhttps://www.blogger.com/profile/11346520373344361444noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-52664337656120285012011-01-09T18:57:48.045+02:002011-01-09T18:57:48.045+02:00A bit more complicated than dog (finance) and owne...A bit more complicated than dog (finance) and owner (us). The "us" is couched in and intermediary, the government, and people are focused on the mis-deeds of government rather than the source, finance.<br /><br />As long as the perpetrators are hidden and protected inside the intermediary the game will continue.<br /><br />That why it is so important to keep emphasizing the source of this problem.Critonoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-17011372227755148492011-01-09T16:06:12.743+02:002011-01-09T16:06:12.743+02:00Actually, in the analogy finance is the dog and al...Actually, in the analogy finance is the dog and all the rest of us are its owners. We're feeding it and it bites us, the ungrateful mongrel. Pretty soon we're going to take it to the pound...Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-53972171810549054592011-01-09T14:22:45.846+02:002011-01-09T14:22:45.846+02:00How long can a dog keep biting the hand that feeds...<i>How long can a dog keep biting the hand that feeds it?</i><br /><br />How about: as long as it controls the levers of power.<br /><br />I think your analogy is wrong. How long can the dog's owner keep abusing it until it bites back? So far, the dog's owner (finance) has gotten the dog to fight other dog for scraps of food. Perhaps the dog will never know better.OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.com