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Dean View Drop Down
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Points: 37575 		Direct Link To This Post Posted: March 13 2014 at 12:27
Preaching to the choir brother.
What?
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JJLehto View Drop Down
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Points: 34550 		Direct Link To This Post Posted: March 13 2014 at 11:43
This is the 5th time I've seen a person involved with finance, speak about their sector of the economy with disdain, others being Michael Hudson, Barry Ritholtz,  Warren Mosler and Marshall Auerback. 
Not enough time for now, but all have spoken about negative impacts of the financial sector on the economy, this guy may be the most scathing yet!



For ya lazy b*****ds Wink basically, finance exists to manage existing resources. It does not create (many of us have said this since the recession, but now finance guys are saying!) just manage, so the larger the financial sector, by nature, there is less left for the "real" economy. 
Finance is necessary, and isn't the problem per se, but a financial sector that is large and unrestrained, is disastrous. 

Again, echoing the sentiments of "progressive" economists that finance must be restrained and regulated for a healthy economy. I can't say liberal, because most of those guys are apologists for the status quo and suckle the teat as much as any. 



Edited by JJLehto - March 13 2014 at 11:52
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Points: 20468 		Direct Link To This Post Posted: March 12 2014 at 18:31
Originally posted by The T The T wrote:

Some wealthy people wouldn't even trickle down their urine if it didn't give them a larger benefit down the road.
 
LOL
One does nothing yet nothing is left undone.
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The T View Drop Down
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Points: 17493 		Direct Link To This Post Posted: March 12 2014 at 18:20
Some wealthy people wouldn't even trickle down their urine if it didn't give them a larger benefit down the road.
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Points: 29625 		Direct Link To This Post Posted: March 12 2014 at 17:51
Released date are often when it it impacted you but recorded dates are when it really happened...
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The T View Drop Down
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Points: 17493 		Direct Link To This Post Posted: March 06 2014 at 10:30
Originally posted by Kentucky_Hawkwindage Kentucky_Hawkwindage wrote:

I'm a Democrat but not extremely liberal thats all i'm gonna say....
So you are a democrat. If they had the guts to be way more liberal it would be so much better. While the GOP continues to turn into more of a group of lunatic religious rich-people's extreme party, the democrats can't take that decisive move out of the dead center they live in. It's not good when the only alternatives are "insane crazy paranoid" and "in no need of medication for now". 
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Points: 6797 		Direct Link To This Post Posted: March 06 2014 at 10:14
Originally posted by Dean Dean wrote:

lol.
Help me I'm falling!
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Points: 31165 		Direct Link To This Post Posted: March 06 2014 at 10:11
Originally posted by Kentucky_Hawkwindage Kentucky_Hawkwindage wrote:

Oh no-I was hoping no political forum would be here


You could pretend that this was a figment of your imagination.
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Equality 7-2521 View Drop Down
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Points: 15783 		Direct Link To This Post Posted: March 06 2014 at 08:22
Originally posted by Eddy Eddy wrote:

whut is up with caring about the rich or poor equality... There are things more important.... There will always be rich and poor ect ect to focus on that shiit only leads to class warfare. yes yes it will always be problem but their are more concerning things like the deBt and many liberties being eroded or ignored in Usa. Im jst talking USA cant talk to much about other countries i dont live there lol.


Your wealth sort of relates to your liberty if you want the word liberty to reflect something more realistic than a mathematical axiom.
"One had to be a Newton to notice that the moon is falling, when everyone sees that it doesn't fall. "
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The T View Drop Down
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Points: 17493 		Direct Link To This Post Posted: March 05 2014 at 20:01
Originally posted by Eddy Eddy wrote:


whut is up with caring about the rich or poor equality... There are things more important.... There will always be rich and poor ect ect to focus on that shiit only leads to class warfare. yes yes it will always be problem but their are more concerning things like the deBt and many liberties being eroded or ignored in Usa. Im jst talking USA cant talk to much about other countries i dont live there lol.
After reading this post, I have to agree that equality can't be first. Education has to be.
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Dean View Drop Down
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Points: 37575 		Direct Link To This Post Posted: March 05 2014 at 18:08
lol.
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Eddy View Drop Down
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Points: 630 		Direct Link To This Post Posted: March 05 2014 at 17:55
whut is up with caring about the rich or poor equality... There are things more important.... There will always be rich and poor ect ect to focus on that shiit only leads to class warfare. yes yes it will always be problem but their are more concerning things like the deBt and many liberties being eroded or ignored in Usa. Im jst talking USA cant talk to much about other countries i dont live there lol.

Edited by Eddy - March 05 2014 at 17:56
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The T View Drop Down
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Points: 17493 		Direct Link To This Post Posted: March 05 2014 at 13:15
Damn that lacks context. I have no idea what Brian said. 

Anyway, if you only count the last three slices of the pie, this country is extremely equal and fair. 
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Dean View Drop Down
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Points: 37575 		Direct Link To This Post Posted: March 05 2014 at 12:50
In response to Brian's disappearing  post

Sure you can get by with only 65.4% of the wealth - you simply need to not count the top 1% and their 34.6% in your overall wealth calculations, like GDP and all that other economics stuff that determine the socio-economic status of a country. It then reflects the true wealth of a nation after all. And then all you need to do is some cunning slight-of-hand bookkeeping when a percentage of the remaining wealth gets syphoned off every year by that 1%.

But why stop there? Why not ignore the top 5% and the 62% of the nation's wealth that they ferret away in the Cayman Islands or wherever. They deserve the same breaks as their slightly wealthier 1% betters do they not? But what then of the next 5%? Now if you ignore their wealth too you can forget the top 10% and the 73% of the country's wealth they have stacked in bank vaults around the world, surely you all can get by with only 27% of the country's wealth can't you? Well sure you can, because you currently are - an economy is money  in motion and if only 27% of the wealth is actually doing anything then that is the true state of the economy. You are living in one of the richest countries in the world after all but displaying that openly is so nouveau-gauche. LOL


Edited by Dean - March 05 2014 at 12:51
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Moogtron III View Drop Down
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Points: 10616 		Direct Link To This Post Posted: March 05 2014 at 12:22
Originally posted by someone_else someone_else wrote:

Meanwhile, on the other side of the pool, the campaign for the Dutch municipal elections has started. This picture was taken in Hağişehir, a city formerly known as Den Haag (English: The Hague).


Amazing, what happened in The Netherlands since I left there Shocked LOL
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Points: 10616 		Direct Link To This Post Posted: March 05 2014 at 12:21
Originally posted by Slartibartfast Slartibartfast wrote:

 
Snerk - http://studdblog.blogspot.com/2011/10/1973-dutchthreat-or-menace.html

1973: The Dutch - Threat or Menace?


LOL Very funny
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JJLehto View Drop Down
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Points: 34550 		Direct Link To This Post Posted: March 05 2014 at 12:11
Forget the rich! 
Just leave them be and let's focus on an agenda for the rest of us. 
Said it for ages now, and some other people agreeSmile


It's all a massive distraction, caught up defending or wanting to attack the wealthiest few. 
If we put our biases aside, we all should realize: We just can't get their wealth from them, nor are they job creators in any meaningful way. 
Let the debate be how to best serve the 99% (or 99.something whatever) and not worry about them. As the author said "We don't need their money" best line I've read in ages!
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someone_else View Drop Down
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Points: 23996 		Direct Link To This Post Posted: February 24 2014 at 04:19
Originally posted by Slartibartfast Slartibartfast wrote:


Snerk - http://studdblog.blogspot.com/2011/10/1973-dutchthreat-or-menace.html<h3 ="post-title entry-title" itemprop="name">
1973: The Dutch - Threat or Menace?
</h3>
<div ="post-er">



<div ="separator" style="clear: both; text-align: center;">

I was first made aware of the insidious Dutch conspiricy to weaken the
morals of good American men, turning them
into miserly, chocolate eating, wooden shoe wearing, tree hating hippies
in the April 1973 issue of THIS fine magazine of investigative journalism.


So we're finally getting paid for the Dutch Threat which made the people of the US suffer, some 41 years ago. By the people who gave us the tulip five centuries ago, for crying out loud! Maybe our language can be enriched a bit by incorporating some more Turkish words than yoghurt only, but Ottoman aspirations, as indicated by those election posters in Turkish, are not quite in proportion with what we did to the Americans.
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JJLehto View Drop Down
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Points: 34550 		Direct Link To This Post Posted: February 23 2014 at 23:21
Wow this thread is moving slower than the US economy *slaps knee*

And barely anything constructive or even real...
Do I gotta pull all the weight here?

Soooooooooo a permanent government job program would take care of our unemployment problem, especially long term, and would provide a major boost to the private sector. 
We could eliminate much of our welfare state with its various issues, and people could be put to work doing useful things for society and the environment. 
The fed would no longer have to try to spur employment and distort the economy, instead focusing on regulation and price stability. In fact, the job program could help stabilize the economy by raising revenue in a boom and bringing government deficits to necessary levels in a slump. 

Vote me President 2016
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Slartibartfast View Drop Down
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Points: 29625 		Direct Link To This Post Posted: February 23 2014 at 12:52
Originally posted by someone_else someone_else wrote:

Meanwhile, on the other side of the pool, the campaign for the Dutch municipal elections has started. This picture was taken in Hağişehir, a city formerly known as Den Haag (English: The Hague).


Snerk - http://studdblog.blogspot.com/2011/10/1973-dutchthreat-or-menace.html

1973: The Dutch - Threat or Menace?



I was first made aware of the insidious Dutch conspiricy to weaken the morals of good American men, turning them into miserly, chocolate eating, wooden shoe wearing, tree hating hippies in the April 1973 issue of THIS fine magazine of investigative journalism.
Released date are often when it it impacted you but recorded dates are when it really happened...
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