tag:blogger.com,1999:blog-4102429195693595750.post1011890290904714892..comments2024-03-22T05:15:17.042+02:00Comments on Sudden Debt: Financial Overhaul Bill Passes SenateHellasioushttp://www.blogger.com/profile/03564511281240682625noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-4102429195693595750.post-32453928193688366482010-05-27T21:18:48.595+03:002010-05-27T21:18:48.595+03:00Debra:
"Glory is fleeting, obscurity is eter...Debra:<br /><br />"Glory is fleeting, obscurity is eternal..."<br /><br />Bonaparte<br /><br />Ciao,<br /><br />EcoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-9547622594343244772010-05-26T23:56:07.753+03:002010-05-26T23:56:07.753+03:00Eco, some people think that i am obscure, but on t...Eco, some people think that i am obscure, but on this one, I have to bow down to you for obscurity.<br />But then, I'm not really an economist anyway.Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-39021646692057758602010-05-26T19:01:17.494+03:002010-05-26T19:01:17.494+03:00OT:
Another good one from the Onion…. Funny…!
“…...OT:<br /><br />Another good one from the Onion…. Funny…!<br /><br />“… White House Jester Beheaded For Making Fun Of Soaring National Debt<br />MAY 25, 2010 | ISSUE 46•21….”<br /><br />“….Tensions rose when a happily beaming Obama demanded to be riddled. After a string of well-received topical posers, Motley asked the following:<br /><br />A pocket-hole that grew so large,<br /><br />A giant couldn’t eat it.<br /><br />A cache of gold that never was,<br /><br />But nonetheless depleted.<br /><br />When the President confessed to being stumped, Motley revealed the answer to be “the National Debt, of course.”<br /><br />Witnesses said Obama’s mood immediately darkened and, pounding on the arm of the Presidential Throne, he demanded new jesting. After nervously clearing his throat, Motley was heard to ask, “Wherefore is the National Debt like a sprouting leaf of spinach?” When a glowering Obama demanded the answer, Motley stated, “For it shall rapidly grow into something our children cannot bear.” …..”<br /><br />Best regards,<br /><br />Econolicious<br /><br />Here’s the link……<br /><br />http://www.theonion.com/articles/white-house-jester-beheaded-for-making-fun-of-soar,17495/<br /><br />“…. At this, Obama reportedly dropped the large turkey leg in his hand ….”<br /><br />EcoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-37010470191096611512010-05-26T17:34:02.745+03:002010-05-26T17:34:02.745+03:00Debra:
Under Edmond's philosophy, The return...Debra:<br /><br />Under Edmond's philosophy, The return per current (constant) market conditions of one once of approval in exchange for one ton of flattery is not worth it...<br /><br />He would offer the Cardinal a mutually fair deal and the Cardinal would not take it... That's the privilege of the Cardinal...<br /><br />May he burn in Hell.... ;-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-44092402275006672642010-05-26T16:23:16.502+03:002010-05-26T16:23:16.502+03:00Hmmm... under Edmond's philosophy, the economy...Hmmm... under Edmond's philosophy, the economy collapses...Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-17274846123204365722010-05-25T16:27:28.523+03:002010-05-25T16:27:28.523+03:00"....I make it my modest rule to be satisfied..."....I make it my modest rule to be satisfied with whatever flowers, fruit, or even leaves I gather, as long as they're from my own garden. Then if I should happen to gain some small success I'm not obliged to render any of it unto Caesar...."<br /><br />Edmond RostandAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-91238820412595590282010-05-25T12:00:40.139+03:002010-05-25T12:00:40.139+03:00Lots I agree about in that link, Thai, but SOME ST...Lots I agree about in that link, Thai, but SOME STUFF I don't agree with either.<br />Like... the template for going in in Waco, Texas, for example... where does THAT one figure in ?<br />And I try NOT to stick labels on people.<br />It was a deontology issue for me when I was working as a shrink. Labels... close your mind to what and who you're listening to.<br />Thanks for that great site, Okie, on the workings of revolution. The Road to Economic Serfdom looks like a comic strip in comparison.<br />Only trouble with that great site is ALL THOSE COMMENTS... you could spend the day on the computuer, couldn't you ?Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-79557682747856557432010-05-25T10:48:04.442+03:002010-05-25T10:48:04.442+03:00Authorities should.... CLOSE DOWN THE MARKETS FOR ...Authorities should.... CLOSE DOWN THE MARKETS FOR QUITE SOME TIME NOW.<br />Tell them... you DON'T KNOW HOW TO PLAY, so... your sandbox gets closed. <br />(For at least a generation...)<br />Anyways, at this rate there are soon going to be no brightly colored beads to play with any more.<br />Aristocracy is available to EVERYONE under my ideology. <br />Aristocracy is not a question of money, it is a question of ATTITUDE.<br />One of the most aristocratic people I know... lives in the streets.<br />Aristocracy means... not bowing down to filthy lucre. Not indexing EVERYTHING on it. <br />Not whining about it, not having one's eyes go all bright whenever the possibility of making a buck emerges. <br />Not running your HOSPITALS for profit...<br />NOT SELLING YOUR BLOOD.<br />(Hey, by the way, I checked, and our blood banks are not buying blood.)<br />It is a BIG mistake to confuse aristocracy with material wealth, or even temporal power. A mistake that lots of people make, granted.<br />Okie, you must have missed out on my comment about American vacation time way back there.<br />Or you don't listen to me at all, cause I talk about it A LOT.<br />As I used to tell my mom when she was shocked that I didn't have a spin dryer 20 years ago... yeah, but we have 5 weeks paid vacation in the summer...<br />(used to, until the Protestant work ethic started gaining ground here, thanks to you know who...)<br />Those... priorities.Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-58239073080850565432010-05-25T07:43:03.358+03:002010-05-25T07:43:03.358+03:00Thai:
I'll pick up Ridley's book as soon ...Thai:<br /><br />I'll pick up Ridley's book as soon as I can.... However, I don;t know when I'll have the time to read it... Been pretty busy these last few day's and from the looks of it, I'm going to be pretty busy tomorrow.... <br /><br />The stuff really hit the fan tonight in Asia.... It looks like somebody snuck some Exlax into the Kool Aid again.... The S&P mini is down about 18 pts. Things are really getting out of hand....<br /><br />Authorities should close all the markets down for a few days and just say "F&%c IT....! Everybody take the rest of the week off" A week long Global Holiday in honor of our humanity, all businesses are closed.... That's it... <br /><br />Best regards,<br /><br />EconoliciousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-46962688166873700792010-05-25T03:05:16.123+03:002010-05-25T03:05:16.123+03:00Okie, bottom line: in a zero-sum fractal universe,...Okie, bottom line: in a zero-sum fractal universe, there is nothing but cooperation. Everything else is chaos.<br /><br />Be wellThaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-2778303600754640022010-05-25T02:33:24.241+03:002010-05-25T02:33:24.241+03:00PS- Okie, I finally finished Michael Lewis' Bi...<i>PS- Okie, I finally finished Michael Lewis' Big Short. I think I understand a little better what you saw in the bankruptcy world that so disgusted you.</i><br /><br />I'm glad that you are finally admitted that I am right. Apology accepted. (Was there ever really any doubt?) ;^) <br /><br />Although I do wish you would elaborate (just so you can burn it into everyone's minds how right I was). 8^D<br /><br /><i>It's about my very favorite topic: cooperation (well the benefits of specialization that come from cooperation in a kind of positive feedback loop... </i><br /><br />I always thought <i>fractals</i> was your favorite topic. I'm confused again (as usual).OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-11517680581882457652010-05-25T00:48:34.082+03:002010-05-25T00:48:34.082+03:00@Eco
I'm not sure you noticed but there is a ...@Eco<br /><br />I'm not sure you noticed but there is <a href="http://www.amazon.com/Rational-Optimist-How-Prosperity-Evolves/dp/006145205X" rel="nofollow">a new Ridley book out</a> and guess what?<br /><br />It's about my very favorite topic: <a href="http://www.nytimes.com/2010/05/18/science/18tier.html" rel="nofollow">cooperation</a> (well the benefits of specialization that come from cooperation in a kind of positive feedback loop... though I guess he should add a few lines about the systemic risks that come from increased specialization as well? Perhaps that might be another book?) <br /><br />Anyway, I thought you might be interested.<br /><br />Be wellThaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-39345838168402905272010-05-25T00:12:54.985+03:002010-05-25T00:12:54.985+03:00Well, it seems the serfs aren't getting much v...Well, <a href="http://news.wustl.edu/news/Pages/20794.aspx" rel="nofollow">it seems the serfs aren't getting much value for the money they do spend</a>.<br /><br />But a 75% increase from 0 is still 0. ;-) <br /><br />... Or perhaps if we just let Norwegians do our regulating for us? <br /><br />... Or maybe if we let Deb's aristocracy do our regulating for us instead? <br /><br />PS- Okie, I finally finished Michael Lewis' Big Short. I think I understand a little better what you saw in the bankruptcy world that so disgusted you. <br /><br />Hell, you really do work with some real sleaze balls as I guess Rich alluded. Yuck.<br /><br />Personally I think we should trade the whole bunch for some Norwegians,<a href="http://dudesons.com/thedudesons.php?id=1" rel="nofollow">or maybe these guys</a>?<br /><br />... Though this might worsen health care costs.<br /><br />What to do? What to do?Thaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-72731408096438344852010-05-24T19:41:12.959+03:002010-05-24T19:41:12.959+03:00Now, Hell, that's what I call REAL aristocracy...Now, Hell, that's what I call REAL aristocracy.. the owner's son had to work for free. Builds character. Yep. That's why.. YOU are where YOU are now, and...(some, not all of) the investment bankers are where THEY are now.<br />And Lord Blagger... WHERE are YOU ? (and I'm not talking about the U.K....)<br />Rich, since everybody rushed in, you've got lots of advice without my even having to lift a pencil.<br />I would NOT advise the Louvre, however, but that is personal prejudice. Unless you want to file in right behind two busloads of Japanese tourists and spend two minutes in front of what WE call "La Joconde". (You call it the Mona Lisa). Two minutes before you get hurried away by an official looking person. (I'm exaggerating as usual, it's what I do best...)<br />Walking around Paris is the part I like the best. The gardens, Luxembourg, yeah, they're great. Pray for nice weather. <br />I'll get my neurons together, and think more. For some out of the way spots with a little character.Debrahttps://www.blogger.com/profile/01510189619803992336noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-31232354723629571392010-05-24T10:59:35.338+03:002010-05-24T10:59:35.338+03:00Really?
If you are in the US, how do you account ...Really?<br /><br />If you are in the US, how do you account for the federal debt? That's not investment banks. It's government. Now add on social security debts.<br /><br />Now, compare that figure with the bank bailout. <br /><br />Now ask yourself, were the banks bailed out to keep the flow of money from treasuries going? ie. Not because they were banks, but because they channeled the funds to the black hole of government spending.Lord Blaggerhttps://www.blogger.com/profile/06783119146180259097noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-30860220462325021622010-05-24T10:33:50.780+03:002010-05-24T10:33:50.780+03:00the bankers ruined the lives of the working class,...the bankers ruined the lives of the working class, c'mon, that is a gross mispresentation.<br />without being an advocate of investment banks and rating agencies, we have to put the blame where it lies exactly: the investment 'professionals' that work under the guise of pension plan managers, university endowments, financial analyst, all those that put the money into this game. what is a CDO worth when no one is bidding for it? about what it is worth right now.<br /><br />so let's state the obvious: there are plenty grossly incompetent people that manage our government forced savings and they do just one thing: funnel it to investment banks (directly or via hedge funds) so they can tear of an arm and a leg and make sure we never retire.bbhttps://www.blogger.com/profile/04482856896314696257noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-32999901248873104042010-05-23T23:32:57.048+03:002010-05-23T23:32:57.048+03:00More reading relevant to this thread:
The Road To...More reading relevant to this thread:<br /><br /><a href="http://baselinescenario.com/2010/05/23/the-european-road-to-economic-serfdom/" rel="nofollow">The Road To Economic Serfdom</a><br /><br />By Peter Boone and Simon JohnsonOkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-47070127215783717052010-05-23T06:45:30.445+03:002010-05-23T06:45:30.445+03:00Marie Antoinette had it coming ;-)<a href="http://thelastpsychiatrist.com/2010/02/the_rage_of_the_average_joe.html" rel="nofollow">Marie Antoinette had it coming</a> ;-)Thaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-23653005492659309882010-05-23T06:12:39.494+03:002010-05-23T06:12:39.494+03:00For your reading pleasure:
From Naked Capitalism:...For your reading pleasure:<br /><br /><a href="http://www.nakedcapitalism.com/2010/05/schama-are-the-guillotines-being-sharpened.html" rel="nofollow">From Naked Capitalism: Schama: Are the Guillotines Being Sharpened?</a>OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-89538675538162569802010-05-22T06:45:19.166+03:002010-05-22T06:45:19.166+03:00Really nice piece Hell
I think I can say "th...Really nice piece Hell<br /><br />I think I can say "thanks" from everyone in doing such a good job explaining to the rest of us how absolutely worthless your career choice has been. I only hope the rest of us can return a similar honor some day. ;-)<br /><br />PS- I completely agree that the grease is way more fun.<br /><br /><br /><br />@Lord Blagger (what kind of name is that anyway?) re: "It was when the home owners didn't pay, that the bankers got into the shit."<br /><br />I think everyone here of every political persuasions would agree with this statement. It is simply the details that comes after where a few protestations might arise. ;-)<br /><br /><br />@Rich<br /><br />Where in the UK will you be going? I recommend you go on Amazon.com and quickly purchase every <a href="http://www.amazon.com/Notes-Small-Island-Bill-Bryson/dp/0380727501/ref=pd_sim_b_3" rel="nofollow">Bill Bryson book ever written</a>.<br /><br />The UK is soooo much fun. What age will your little ones be while there? We took my 4 boys two years ago (they were 7, 11, 11 and 12 at the time) so depending on your kids ages I'm sure we all have a few recommendations.<br /><br />It will most decidedly NOT be a zero-sum trip. ;-)Thaihttps://www.blogger.com/profile/00700253024420397221noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-12044177734254035882010-05-22T05:07:11.566+03:002010-05-22T05:07:11.566+03:00Consider taking a stroll through Parc Monceau, vis...Consider taking a stroll through Parc Monceau, visit Montmarte. I still have a menu from a restaurant at either The Gare De Lyon or The Eiffel Tower restaurants where dick filet and lamp shop were on the menu. <br /><br />Bon Appetit!Edwardohttps://www.blogger.com/profile/03613197383283896190noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-15992716792725294352010-05-22T00:42:47.001+03:002010-05-22T00:42:47.001+03:00Dear Lord Blagger,
The bankers were responsible t...Dear Lord Blagger,<br /><br />The bankers were responsible to their depositors to lend the money on good security to people who would repay. Onesies and twosies not paying is a misfortune. Thousands and thousands begins to look like carelessness.<br /><br />AND conspiracy to defraud.JRnoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-48201949498063221732010-05-21T22:33:58.932+03:002010-05-21T22:33:58.932+03:00Au sujet de cette déclaration Hellasious:
SACRE B...Au sujet de cette déclaration Hellasious:<br /><br /><i>SACRE BLEU! Deux jours pour visiter Paris? Incroyable.<br /><br />Vraiment, vous ete un Americain!</i><br /><br />Let this be a lesson to you Europeans: Americans typically don't get much (if any) vacation time. Personally, I have never in my working life ever worked for a company that provided any at all. The only time I ever got any "vacation" was when I was on unemployment.<br /><br />Looking for employment that provides health insurance and a 401K (retirement savings plan) is always a challenge in and of itself.<br /><br />Just like national healthcare, the United States is the only Western democratic market economy country in the world to not guarantee vacation time by law.OkieLawyerhttps://www.blogger.com/profile/17071917464425173379noreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-2366722871047110482010-05-21T20:16:19.798+03:002010-05-21T20:16:19.798+03:00Start at the Arc de Triomphe. Walk straight down t...Start at the Arc de Triomphe. Walk straight down the Champs Elysee to the Louvre. Cross a bridge to Musee d'Orsay. Walk a little further down river to the Ile de France (the island in the middle of the river that Notre Dame is on). On the Champs Elysee there's a visitor center where you can buy a museum pass that will get you into all the museums.<br /><br />We were going to the Musee de Moyen Age, but it turned out it was closed that day. So we wondered around trying to figure out what to do instead. We stumbled onto the Jardin du Luxembourg. Then it rained so we went into a random cafe that had an incredible cheese plate (this last paragraph is just to illustrate that you can't really go wrong; Paris is delightful).Dinknoreply@blogger.comtag:blogger.com,1999:blog-4102429195693595750.post-52632885483737527652010-05-21T19:56:13.507+03:002010-05-21T19:56:13.507+03:00SACRE BLEU! Deux jours pour visiter Paris? Incro...SACRE BLEU! Deux jours pour visiter Paris? Incroyable.<br /><br />Vraiment, vous ete un Americain!<br /><br />Yo, buddy don't feel bad. I saw the entire Louvre in ONE morning and the rest of Paris (Notre Dame, Eiffel, Sacre Coeur, Montmarte, Champs Elysee, Invalides, Les Deux Magots, Fauburg St. Honore, L'Arc de Triomphe, Avenue Foch,Opera, et ceteraaa, et ceteraa) in TWO days.<br /><br />Saturday and Sunday.<br /><br />It can be done. Walk a LOT, eat street crepes for lunch and pray for sunny weather.<br /><br />Now, Rome... Florence.. Siena..<br /><br />That's another story altogether.Hellasioushttps://www.blogger.com/profile/03564511281240682625noreply@blogger.com