A dose of economics

[BentoSan]

Doesn't excuse the people who fucked us, though. And boy did they fuck us.

Did they ever, while they are still living it up while people like me are on the bones of our arses.

[DvlsAdvct]

it's true. And give it 2 years... I'd bet US currency that they are going to propose an international currency to be recognized by all governments.

yay!...

[BentoSan]

I have spent alot of time researching the economic colapse and there are so many things that point to this being designed to fail to begin with - dodgy shit, i think this is play for the people up top to take even MORE power.

[DvlsAdvct]

Oh most definitely. I work in the financial sector, and while I didn't know what a Bear Stearn's was when it collapsed I've learned a lot since then. When you sit and really break down what they did it sounds like they intended for the middle class to not exist in the end.

[Kaon]

I have spent alot of time researching the economic colapse and there are so many things that point to this being designed to fail to begin with - dodgy shit, i think this is play for the people up top to take even MORE power.

yeesh noone listens to me when i get on a rant about this...

@dvls
ive heard rumors of that, but jus thought it was another of my crazy hippy conspiracy theories heh. wats the actual plausibility of this? and what bento said?

[BentoSan]

yeesh noone listens to me when i get on a rant about this...

@dvls
ive heard rumors of that, but jus thought it was another of my crazy hippy conspiracy theories heh. wats the actual plausibility of this? and what bento said?

Well if you look thoughout history theres allways someone doing stuff like this(just not on such a global scale), its human nature - i dont think just because we are in 2009 that it makes any difference.

[DvlsAdvct]

I'm not a serious financial analyst or anything, and a lot of my opinions are based off of what my overly intelligent bosses have said, mixed with having access to some really well written articles.

I think that the main reason this all happened is cause people saw the opportunity to use mathmatical formulas to make a metric fuck ton of money. They didn't care about the individual cause they never saw it, or had to think about it, and they made SO much money in the short term that they didn't have to care.

I think that if things keep going to shit non-stop there is a VERY slim chance of the real worst case scenario's showing up (no middle class, global currency, etc.). The realistic worst case, in my mind, is there only being 4 banks globally (JPMorgan Chase, Bank of America, I can't remember the other two likely survivors off the top of my head). This would be terrible because these are global entities and they could realistically completely control money flow to every country in the world. Then you have the risk of currencies being regulated by the banks as opposed to the governments.

This is all really unlikely stuff, but the slippery slope gets really fuckin scary as you keep falling.

As to what Bento said... yeah, the people who were rich got really fuckin rich. And everyone else lost a lot of money. And then when the banks went to the US government and said "Hey, we fucked up and all, but if we collapse then everything falls apart" the government got scared and gave em money with practically no oversite.

I don't think we should nationalize the US banking system cause it's just way too massive. But the bad assets should not be taken off the banking sheets. A lot of the reason those bad assets exist is because of the banks.

ugh... who wants a nice, goold old fashioned bloody revolution?

[BentoSan]

The US banking system is already owned by the banks, not the people :\
Seriously seriously seriously scary stuff, the founding fathers of the US warned everyone about this but no one listened, now its happened and were getting reamed for it big time.

+1 on the revolution, we need to take back what was ours to begin with.

http://www.youtube.com/watch?v=OGIpFaTkKU4

Listen closely to the lyrics, its all so true.

[Kaon]

Well if you look thoughout history theres allways someone doing stuff like this(just not on such a global scale), its human nature - i dont think just because we are in 2009 that it makes any difference.

at risk of going off on a tangent i argue that its human conditioning as opposed to human nature

[DvlsAdvct]

I don't agree at all, Kaon. I am of the mindset that in the state of nature we have no rights, not even the right to live. I think it's Hobbes that says that, and Locke says we still retain the right to live, even in the state of nature. I could be wrong on this cause it's been a LONG time since I've studied philosophy or political theory.

I think it's part of human nature to take from others for ones self. Laws are in place, a sort of sacrifice of our rights to steal, kill, and horde, to protect us from that. I don't think people would live in peace in the world under any circumstances, especially if there were other people around them who had cooler shit.