by americandream » Tue 30 Sep 2008, 19:03:50
$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('americandream', 'A')greed up to a point. However, I suspect that there is many a wiser man out there than me who has come to where he is through the hard knocks of life.
Wiser yes, Happier yes, More successful in the things that matter like family, friends, reputation, etc...yes. But. The hard knocks of life don't prepare you to run the financial markets of the most powerful country in the world.
I don't think Pike here is applying for a job with the Fed or Treasury, as far as I can glean from his postings. I seems to me that he is taking a position on the way he perceives his country to be run and the last time I looked, there weren't any formal qualifications required for that. Within that context, I would have to defer to my intellectual superiors, whether they be formally educated or not. But as a for example, with a tax lawyer, yes I agree that university and law college are essential prerequisites to offering educated advice/service.
by Cashmere » Tue 30 Sep 2008, 19:18:25
$this->bbcode_second_pass_quote('joeltrout', 'N')o it doesn't require education to know what is going on but it helps a ton especially when people who have spent their entire adult lives studying economics/financial markets are the ones teaching you.
joeltrout
How do you explain Bernanke's and Paulson's complete inability to see this "crisis" coming as of a few months ago?
Me, Roc, DP, and virtually every member of Ticker Forum saw this coming for the last year or two. Not a PhD in economics to be found.
Like I said - if your argument is that educated economists like Paulson and Bernanke are more reliable sources for suggested courses of action going forward, then I'd ask, "what do the inside walls of a rectum actually look like?"
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
-

Cashmere
- Heavy Crude

-
- Posts: 1882
- Joined: Thu 27 Mar 2008, 03:00:00
-
by Northern_Pike » Tue 30 Sep 2008, 19:25:08
$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Northern_Pike', ' ')I am not an educated man.
I am glad you are here...don't get me wrong but I have to question your first post on another thread.
$this->bbcode_second_pass_quote('Northern_Pike', 'I')f you are not an "educated man" especially in economics and financial markets, how do you know that passing the bill is a bad thing? Just curious don't hate me.
Nah, I have no hate at all for you, joeltrout. I don't know you well enough to hate you yet. I may lack formal higher education, however, that doesn't mean I am stupid, completely ignorant, or live under a rock. I may only know just enough to be dangerous, but I am o.k. with that. A few things I know about this bail out plan bother me enough not to favor it.
1. No one is 100% certain the 700 billion dollar bail out will even work. There are many saying the world economy may slip into a Global Great Depression regardless of a yes vote in Congress for a bail out.
2. No one is 100% certain the 700 billion dollar bail out is actually needed. There are many saying the world economy might recover over time without a 700 billion dollar bailout. Even the amount "700 Billion Dollars" was picked completely at random, simply because they needed a really big number to amaze, confuse, and scare the masses. Well, I'm afraid the wizards behind the curtain have failed to impress us.
3. I can’t think of a single example of what the Federal Government can manage better than a private corporation bent on turning a profit, yet, some would have us believe the Government can take over these failed businesses and turn them profitable over time? That is a laugh.
4. I don’t make enough money to pay very high taxes or even any taxes, but my boss does, and he might find paying both my wages and higher taxes mutually exclusive.
5. The notion of taking money out of the pockets of the taxpayers of “Main St.” to turn around and bail out “Wall St.” makes no sense. Now, I know there are those that claim this is really a rescue of “Main St.” itself. Well, in that case, taking the money out of the pockets of “Main St.” taxpayers to turn around and use that same money to save those same “Main St.” folks makes even less sense.
6. Any time Barney Frank, Sean Hannity, George Bush, Newt Gingrich, Barak Obama, John McCain, and especially Nancy Pelosi all agree on something, I have my doubts about it being in my best interest.
7. Robin Hood, stole from the rich to give to the poor, I don’t support that, noble as it may sound. Why then would I support stealing from the poor to give to the rich?
8. Prolonging the inevitable collapse of society and dragging it out over many, many years, may actually be counter productive in my estimation. A brief and massive die off may mean those left can settle into a sustainable future void of pretenses much quicker and easier.
9. Calling on the taxes of others to pay off and prop up faulty investments is not capitalism, is not American, and is not desirable, no matter how dire the consequences of inaction might be.
10. The dying off of weak institutions and corporations, leaving only the strong and the intelligently created ones to survive, just seems to make great sense.
Perhaps I am not educated enough to "get it." Perhaps I never will no matter how well it is explained to me. But, as it stands, no one has convinced me in any fashion, how dire this need for a "bail out" is. Simply saying "We really, really need this money, and we need it now!" isn't enough to make it true to me.
- Pike
by Cashmere » Tue 30 Sep 2008, 20:34:12
$this->bbcode_second_pass_quote('Northern_Pike', 'M')y "big money" investments as of late include a combat shotgun w/ ammo, ammo for my rifle, good quality boots for the entire family, bicycles for same, and plenty of dried beans and rice for a long time. I'm also keeping our 4x4 SUV's gas tank topped off, and the vehicle full of good quality tools(spade, axe, etc.). It seems all my investments have recently gone up substantially in value, and I project will continue to do so in the future.
Concur that this is the wisest first place to put your money.
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
-

Cashmere
- Heavy Crude

-
- Posts: 1882
- Joined: Thu 27 Mar 2008, 03:00:00
-