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The Mooch Class (split from Recovery Complete)

Discussions about the economic and financial ramifications of PEAK OIL

Re: The Mooch Class (split from Recovery Complete)

Unread postby Umber » Thu 21 Jul 2011, 12:19:36

$this->bbcode_second_pass_quote('davep', 'C')lassy shotgun? It's a second-hand Turkish huglu... The photo was for a tinfoil hat competition in a UK newspaper (yes, I won).

As for well to do, I managed to buy the place in 2007 for 100k euros after selling up in the UK in 2006 (I started with a 105% mortgage in the UK, it was pure luck that I sold at the top of the market - the place I bought was just over a quarter of the selling price in the UK). ... I've since been travelling over 1000km every weekend by car for over three years between home and work just to get the work done on the place to make it habitable.
So kindly keep your ignorant comments to yourself, thanks.

Peak oil? And you burn how much of it driving 1000km each weekend for three years? Drove 156000km so you could maintain your lifestyle. Yes, yes, I see.

Not that I want to jump to conclusions, but it appears that you might have broken up the garden with that petroleum fed "horse" behind you in the photo. The lawn was cut with what?? A scythe? Goats? Or maybe a petroleum guzzling, noxious fume spewing mower? And the wood pile in back... cut with a buck saw or one of those snarling, PETROLEUM fired chain saws?

I can see that you're VERY worried about peak oil. I am impressed. You seem to be ready for the coming hard times.

And, off topic, where is the info you were going to dig up so you could educate me about those "automatic-pump" shotguns?
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Re: The Mooch Class (split from Recovery Complete)

Unread postby AgentR11 » Thu 21 Jul 2011, 12:21:23

$this->bbcode_second_pass_quote('Pops', 'S')imply because most 21st Century Rich Worlders have had the luxury of ignoring government doesn't mean we're immune to government oppression or government complicity in de facto control by the 1%. I don't know if irreversible energy decline begins next week or next decade but our current course of willfully transferring wealth and power upwards - to punish the Moochers - is creating a plutocracy that will be the downfall of democracy.


I think you're obsessing about the 1%; and not seeing the top 25% as the full group. Sure the 1% are running the show; but its being run differently than in prior iterations of the creation of a nobility class. The weakness in prior iterations was that it was too small to protect itself from a popular uprising of starving peasants. However, this iteration, the top 1% is dragging a full 15-25% of the population up with them, whether as a force buffer, or a social system, its hard to say, as no one person is deciding the why's and how's. On the other end, the "moochers" as defined by the thread initiator, have food stamps and subsidized slum housing that removes the "starving" from the "peasant"; thus making the uprising unsustainable as no one is angry for long enough for the whole mass of the bottom half to revolt.

In the past, they thought that keeping the peasant afraid and starving improved their control; but it doesn't. Keeping the peasant at the edge of contentedness does. A peasant who's children go to sleep peacefully after having eaten a drab but substantial dinner, remains content; or at least only gets slightly riled at the pub and has some fist fights for fun and sport.

Even at the breakpoint of your chart, at the 25% mark, where no improvement (but no loss) in income has occurred, does not that family begin to feel more and more privileged as the lower 75% falls away, just in comparison. Everyone else around them is having a harder time making ends meet, but they still go to the store and buy whatever suits their fancy at the moment....

In short, I think seeing this in terms of the evil 1% very much misses the picture of what is going on.

With the 25% stake holders, you only need to bag, mislead, or pander to a some small slices of the peasant community in order to maintain control while also preserving the illusion of democracy; as long as they are split voting D or R, it all works out fine for the 25%. However, don't make the mistake of thinking the 25% are all Reps, a good portion are Dems, Wall Street being largely Dem-wealthy for instance; the point is to make sure the lower 75% don't block vote one or the other, because then they will control that party, and muck up the works. As long as the 75% is solidly split, the system will work to concentrate the power of the 1% allowing them to separate themselves, and their associated social environment (2%-25%), from the moochers.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Pops » Thu 21 Jul 2011, 12:38:00

Agent you analyzed it better it 10 minutes than I have in ten years.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby AgentR11 » Thu 21 Jul 2011, 13:27:45

Addenda - Pop's chart shows a household breakpoint at the 85% mark, not 75% mark; while I'm inferring from other sources difference in what is happening in the 75%-85% bracket; basically a reset of some silliness we did with the dotcom bubble and housing bubble; their income is lower on average, but likely includes more than a few that briefly priced themselves out of the market while confusing revenue with profit. Which is why I think that top 1%'s social system reaches down to a full 25%. Could also include a good chunk of youngsters just starting out as well, an entry level trader might make $50K, but he is most certainly not spending most of his social time associating with people in 50% bracket.

Anyway, that's my reasoning on why I think the benchmark goes all the way down to the 75% mark. Should have included this comment with the above, but there was already a post following it...
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Re: The Mooch Class (split from Recovery Complete)

Unread postby peeker01 » Thu 21 Jul 2011, 13:37:58

Class warfare will not solve the problems we are experiencing. Only highly motivated and well-
financed Americans will pull us out of this tailspin. Poor people do not create jobs.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby AgentR11 » Thu 21 Jul 2011, 13:59:14

$this->bbcode_second_pass_quote('peeker01', 'C')lass warfare will not solve the problems we are experiencing. Only highly motivated and well-
financed Americans will pull us out of this tailspin. Poor people do not create jobs.


The well financed have no reason to want to do so.

Blame whatever villain you wish for it; but there is nothing on most of their minds other than building cash reserves and flexible liquid assets; which boils down to the picture you have here, high profits, and low job creation. They tasted fear, and now are using their considerable financial power to insure that they don't taste it again.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby vision-master » Thu 21 Jul 2011, 14:52:47

$this->bbcode_second_pass_quote('peeker01', 'C')lass warfare will not solve the problems we are experiencing. Only highly motivated and well-
financed Americans will pull us out of this tailspin. Poor people do not create jobs.


Oh yeah, I see lot's of scrappers around shorty. :)

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Re: The Mooch Class (split from Recovery Complete)

Unread postby DomusAlbion » Thu 21 Jul 2011, 16:11:24

$this->bbcode_second_pass_quote('Umber to DaveP', '
')
Peak oil? And you burn how much of it driving 1000km each weekend for three years?
Drove 156000km so you could maintain your lifestyle. Yes, yes, I see.

Not that I want to jump to conclusions, but it appears that you might have broken up the garden with that petroleum fed "horse" behind you in the photo. The lawn was cut with what?? A scythe? Goats? Or maybe a petroleum guzzling, noxious fume spewing mower? And the wood pile in back... cut with a buck saw or one of those snarling, PETROLEUM fired chain saws?

I can see that you're VERY worried about peak oil. I am impressed. You seem to be ready for the coming hard times.


Umber, DaveP is doing the smart thing and your self-righteous sarcasm is off the mark. Conserving petroleum at this point is a loser's gambit. Oil production is on the way down and prices will only climb and soon make petroleum unavailble to the majority of the world. It's best to use the wonderful machinery available to us now while we have it as we'll be back to manual labor and animal driven machinery soon enough. This is the time to prepare with the tools available now. Dave will have his farm set up and ready to produce well before you're through sharpening your scythe.
"Modern Agriculture is the use of land to convert petroleum into food."
-- Albert Bartlett

"It will be a dark time. But for those who survive, I suspect it will be rather exciting."
-- James Lovelock
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Pretorian » Thu 21 Jul 2011, 19:44:10

$this->bbcode_second_pass_quote('joewp', 'I') didn't read the whole thread, but somehow I get the feeling that the biggest mooch class is being overlooked here. I mean that class that has managed to corrupt the government so completely that they get the privilege of "loaning" money they don't have at interest, effectively creating it from thin air and expecting the other classes to labor long hours to pay back their fake money PLUS interest. They're the biggest leaches on society, sucking at the teats of government, business and labor and contributing nothing of value. They have managed to institute their ponzi scheme world-wide, and suck the life out of every known enterprise.




Whew now this really reeks of anti-semitism.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Sixstrings » Thu 21 Jul 2011, 21:16:17

$this->bbcode_second_pass_quote('Nefarious', 'W')hen we start paying off the debt we are destroying money causing deflation.


Yup, that's the catch-22. New money is created from new debt.. so we can't stop the indebtedness or we crash into crushing deflation.

$this->bbcode_second_pass_quote('', 'T')he debt can never be repaid there isn't enough money in exsistence to pay off the debt.Now the debt is so big we have to print money just so we can have money to keep the system going.


Technically it's not quite "too late," IF the government didn't backstop Wall Street and AIG and the whole spider web of hedge funds and central banks. But that would be deflationary too.. storm clouds on the horizon, that's for sure.

$this->bbcode_second_pass_quote('', ' ')I'm more worried about getting off the ship personally and really no longer care about the deck chairs (ie politics).
SOMETHING WICKED THIS WAY COMES.


That's how I feel about globalism. The fight was lost long ago when Ross Perot and Public Citizen tried to warn us, and really before that. We didn't listen, so now we gotta eat our peas and play with our iPads.

I keep saying I'm going to drop these topics of interest yet I never do. I need to at least drop the politics, that really is a waste of time.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby joewp » Thu 21 Jul 2011, 22:31:14

$this->bbcode_second_pass_quote('Pretorian', '')$this->bbcode_second_pass_quote('joewp', 'I') didn't read the whole thread, but somehow I get the feeling that the biggest mooch class is being overlooked here. I mean that class that has managed to corrupt the government so completely that they get the privilege of "loaning" money they don't have at interest, effectively creating it from thin air and expecting the other classes to labor long hours to pay back their fake money PLUS interest. They're the biggest leaches on society, sucking at the teats of government, business and labor and contributing nothing of value. They have managed to institute their ponzi scheme world-wide, and suck the life out of every known enterprise.




Whew now this really reeks of anti-semitism.


Since when are all bankers Jewish, Pretorian? Since when does religion matter when discussing the actual real world? I don't care what religion someone is at all, since I consider all religions as mass delusions. I don't think the Rockefellers or the Morgans are Jewish and I don't really care. Banking is fraud institutionalized. I don't care who runs the system, it's a leach on society.

Now if you want to keep religion in its proper place, which is out of all discussions of reality, perhaps you can defend a system where a class of people can create money out of thin air and charge interest on it, while the Constitution of the US says that Congress has the power to coin money and nobody else. Otherwise, keep your religious bias out of it.

After all, the banks are the real moocher class worldwide.

Just in case you think I'm dreaming this up, how about some confirmation right from the horse's mouth?
$this->bbcode_second_pass_quote('', 'B')anks actually create money when they lend it. Here's how it works: Most of a bank's loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank once again holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.

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Re: The Mooch Class (split from Recovery Complete)

Unread postby Pops » Fri 22 Jul 2011, 09:00:26

There was no way that we could have avoided globalization, Six. Labor arbitrage has been going on since the Romans brought home slaves to mop the senate floor for democracy. Containerization, computers and cheap oil made the world market inevitable.

Where we made the mistake was being greedy and letting the capitalistas convince us that allowing them to keep more of the fruits of our labor would benefit us.

Now they have walled compounds and we have Detroit.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby SeaGypsy » Fri 22 Jul 2011, 09:45:45

That get my vote for post of the month. Cheers Pops.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Pops » Fri 22 Jul 2011, 11:42:17

$this->bbcode_second_pass_quote('SeaGypsy', 'T')hat get my vote for post of the month. Cheers Pops.

:)
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby gollum » Fri 22 Jul 2011, 12:17:34

$this->bbcode_second_pass_quote('Pretorian', '')$this->bbcode_second_pass_quote('joewp', 'I') didn't read the whole thread, but somehow I get the feeling that the biggest mooch class is being overlooked here. I mean that class that has managed to corrupt the government so completely that they get the privilege of "loaning" money they don't have at interest, effectively creating it from thin air and expecting the other classes to labor long hours to pay back their fake money PLUS interest. They're the biggest leaches on society, sucking at the teats of government, business and labor and contributing nothing of value. They have managed to institute their ponzi scheme world-wide, and suck the life out of every known enterprise.




Whew now this really reeks of anti-semitism.



I think when you accuse someone of being anti Semitic because of their criticism of banking institutions you are yourself propagating the "rich Jew banker" stereotype.
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Re: US economic recovery is complete. Expansion has begun.

Unread postby gollum » Fri 22 Jul 2011, 12:23:09

$this->bbcode_second_pass_quote('Cog', 'T')he world is not Finland. If you think they have a superior system, then you are wasting valuable time living here. Progressives just can't understand that Peak Oil ends this experiment in cradle to grave socialism. Think local not national and you will have a clue to where this is headed. We don't do our countrymen any favors by kicking the can down the road yet again.

Accept the pain of a smaller government now, in stages, and make the adjustments or get ready to lose all your social programs down the road in a economic crash. Hey if that is the solution you guys want, don't say you haven't been warned by the Libertarians of where this is headed.



As much as I dislike Cogs attitude and arrogance on a practical level he is absolutely right, in a time of diminishing resources counting on much from the government would be a foolish mistake.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Sixstrings » Sat 23 Jul 2011, 19:55:35

$this->bbcode_second_pass_quote('Pops', 'W')here we made the mistake was being greedy and letting the capitalistas convince us that allowing them to keep more of the fruits of our labor would benefit us.

Now they have walled compounds and we have Detroit.


Just curious, do you remember Perot, when he ran and then later the NAFTA debate with Al Gore? From what I recall everyone thought Perot was crazy.. I guess when lies are so pervasive, the truth sounds crazy.

It's so sad how right Perot was. We didn't listen to him. Instead we listened to the Bush's, we listened to Clinton, we listened to Al Gore, and we doomed our republic.

What makes my blood boil is that even today Obama and the Dems keep saying more globilization and free trade will create more jobs in the US. That's utterly disconnected from reality but nobody gives a damn.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Pops » Sat 23 Jul 2011, 20:41:34

Yea, he actually bought an hour (half hour?) of TV time to present his charts, I can hear his squeak voice say NEOW! as he flipped to the next card. I still imitate that voice! :lol:

I remember the uncomfortable feeling that he was making a good case, uncomfortable because I was much more partisan in those days and couldn't believe Clinton would actually throw American workers under the bus, which of course he did. I've since come to believe the dems are just a mashup of special interest groups with no spine for anything except funding for all the groups. My opinion of the pubs of course hasn't changed.

Anyway, by the '90s union scale was already totally uncompetitive and zombie pensions were eating the corps so the only real option to keep the economy alive was to transition from the world's factory floor to it's back office and hire temps. If we'd gone protectionist with Perot we'd have gone broke sooner, don't forget we need to import oil so we gotta export something. At least this way we get to wash the windows on the the multinational's home offices and mow the CEOs' lawns and they pay us with Yen and Euros.


Labor arbitrage is baked into the capitalist cake Six, creative destruction to undercut the competition is Job One. I don't know what the next move is but them's the ground rules. Anyone who thinks different is gonna be disappointed.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby Outcast_Searcher » Sat 23 Jul 2011, 21:39:27

$this->bbcode_second_pass_quote('Pops', 'T')here was no way that we could have avoided globalization, Six. Labor arbitrage has been going on since the Romans brought home slaves to mop the senate floor for democracy. Containerization, computers and cheap oil made the world market inevitable.

Where we made the mistake was being greedy and letting the capitalistas convince us that allowing them to keep more of the fruits of our labor would benefit us.

Now they have walled compounds and we have Detroit.

+1

While I see Six's point that avoiding globalization will result in more middle class jobs in the U.S., avoiding the advantages of global free trade (i.e competitive advantage) will make us ALL poorer, collectively. Likely much poorer. For example, WalMart has had a significant positive impact on inflation all by itself, just by importing so many cheap goods so many Americans like to buy to help stretch their budget.

He doesn't seem willing to fully acknowledge this point. I don't think there ARE easy answers to this.

Tough long term answers like education and serious infrastructure buildout are costs very few seem to want to face, even though it would likely greatly benefit everydown within 20 years or so. (Plus, of course, we're bankrupt. An extra unfunded war here, more unfunded social spending there -- it really starts to add up).
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: The Mooch Class (split from Recovery Complete)

Unread postby AgentR11 » Sat 23 Jul 2011, 21:48:36

$this->bbcode_second_pass_quote('Pops', 'L')abor arbitrage is baked into the capitalist cake Six, creative destruction to undercut the competition is Job One. I don't know what the next move is but them's the ground rules. Anyone who thinks different is gonna be disappointed.


Another way of looking at labor arbitrage is that it reflects an existing currency imbalance; though it is the slowest of the slow in coming into balance; there is no reason to assume that it will never come into a reasonable amount of balance. Whether this completes the gutting of the 50%-75% bracket, is another matter entirely, though, there will always be gay rights and gun rights, free speech and religious speech, and bad ole foreigners, to neuter any impact they might have on The Natural Order of Things.
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