Pigged! Office buildings 50% off?! It is like a time machine!
MLM (profile) wrote on Fri, 6/19/2009 - 9:27 am
We can't go back in time though.
We'll get there the hard way or the easy way, but we are definitely headed back in time.
I disagree, but in a diplomatic way We will never revert to the same standard of living due to technology, learning curves, production innovations, etc. But we will spiral into something that is very resonant culturally and wealth-distribution-wise with an earlier time. The question for us becomes how far back we have to go.
I wasn't speaking quite so globally. Just pointing out that if we don't actually fix the regulatory system, and write down a bunch of debt in the process (the easy way), we will have an even bigger blowup in a year or two (the hard way). Of this I am quite certain. -- and I'm rarely certain of much.
I wasn't speaking quite so globally. Just pointing out that if we don't actually fix the regulatory system, and write down a bunch of debt in the process (the easy way), we will have an even bigger blowup in a year or two (the hard way). Of this I am quite certain. -- and I'm rarely certain of much.
LOL, Understood. I am glad we will have few dying in the streets and starving to death, personally. You're right. A little (lot) of pain now saves a lot (megashitpile) later. It isn't just delay, either, because the shitpile increases in complexity with the passage of time, piling risk on top of risk and creating even more interconnections. Until we have the great garbage strike because no one can deal with it anymore, which may be what they are hoping for.
"Stanford, accused of a $9.2 billion fraud by U.S. regulators, denied all wrongdoing in a tearful interview in April during which he threatened to punch his questioner in the mouth."
But as far as wealth destruction, he is a bit of a lightweight.
dont you believe it (profile) wrote on Fri, 6/19/2009 - 9:42 am
You don't have to go anywhere at all. You just have to pay off your debts!
And I say that as someone who hasn't carried a debt for 20 years. Frankly, and from my point of view, I expect to be rewarded for my prudence!
Small (<20k) student loan here. I live pretty minimally too. The problem is that people won't change unless they are forced to by the heavy blows of fate, the majority of us in this nation are debtors with unsustainable lifestyles, politicians need our votes to keep their place in the Hierarchy, and we have this amazing technology called the printing press.
OT - My bank's mortgage rates, which opened at 5.5 yesterday, crept up to 5.625 by afternoon, opened at 5.75 this morning.
Add that to the fact that it has been unusually rainy and cold for what seems like an eternity here in the northeast, and I predict homes sales up here are going to slide this month.
-- and we have this amazing technology called the printing press. --
Its a sham(e) about the external balance then.
As I posted-pigged 'I begin to be of the opinion that the us.gov and FED will be able to engineer a situation where there will be neither inflation nor deflation yet at the same time there will be nothing available for the consumer to purchase.'
reading about sustainable farming this morning. Anyone know if you can make ok money with that?
Maybe. Google 'Joel Salatin' if you want information on one guy's success and related information. It's definitely possible and probably satisfying, but I don't think it's easy.
The same thing goes on in local government. They may not call it that but it does happen. Whenever a local government allows a Corporate firm to get a tax free incentive to bring their plant to a town that is bribery. I'm sure many small town or city politicians who have dreams of higher office consider how these firms that they allow into their communities for these tax incentives, will eventually want to rep
recommended : Econ & Finance Articles
When elected government officials secretly collude with bankers to create a non-governmental Federal Reserve Bank that controls the currency of the country and systematically generates inflation to allow government to spend at an ever increasing rate.
Taxing citizens to create bureaucratic government agencies and programs that fail to accomplish their mission while continuing to grow in size as politicians use them to reward the contributors to their re-election campaigns.
Red Tag Sale
And they still won't move...
Prelude to the US ?
buy now before someone else gets the write offs...
Pigged! Office buildings 50% off?! It is like a time machine!
MLM (profile) wrote on Fri, 6/19/2009 - 9:27 am
We can't go back in time though.
We'll get there the hard way or the easy way, but we are definitely headed back in time.
We will never revert to the same standard of living due to technology, learning curves, production innovations, etc. But we will spiral into something that is very resonant culturally and wealth-distribution-wise with an earlier time. The question for us becomes how far back we have to go.
I disagree, but in a diplomatic way
What else does the guy own? Soon that may read "Former billionaire investor"
Bethpage (US golf open): built under WPA.
Radical policy.
Rumor has it Maguire is looking to unload a few more OC office towers. Another blow.
How overvalued is The Block anyway? There's a hospital and a civic center there also, right?
Resistance -
I wasn't speaking quite so globally. Just pointing out that if we don't actually fix the regulatory system, and write down a bunch of debt in the process (the easy way), we will have an even bigger blowup in a year or two (the hard way). Of this I am quite certain. -- and I'm rarely certain of much.
Got pigged (for gabyjan)
Go to Google News, search on ug99 (done in this link)
ug99 - Google News
At the bottom of the page is a link to create email alerts
-- The question for us becomes how far back we have to go. --
You don't have to go anywhere at all. You just have to pay off your debts!
And I say that as someone who hasn't carried a debt for 20 years. Frankly, and from my point of view, I expect to be rewarded for my prudence!
OT-
I was reading about sustainable farming this morning. Anyone know if you can make ok money with that? I know it's a romantic notion, but I'm curious.
MLM (profile) wrote on Fri, 6/19/2009 - 9:38 am
Resistance -
I wasn't speaking quite so globally. Just pointing out that if we don't actually fix the regulatory system, and write down a bunch of debt in the process (the easy way), we will have an even bigger blowup in a year or two (the hard way). Of this I am quite certain. -- and I'm rarely certain of much.
LOL, Understood. I am glad we will have few dying in the streets and starving to death, personally. You're right. A little (lot) of pain now saves a lot (megashitpile) later. It isn't just delay, either, because the shitpile increases in complexity with the passage of time, piling risk on top of risk and creating even more interconnections. Until we have the great garbage strike because no one can deal with it anymore, which may be what they are hoping for.
...and I'm sure that the banks will continue to mark it on the books at £1.9b.
"What else does the guy own?"
"During his ABC interview, Stanford complained that he had to fly commercial airlines after the federal government confiscated his six private jets."
Texas billionaire Stanford arrested in U.S. - CNN.com
Not a likable guy...
"Stanford, accused of a $9.2 billion fraud by U.S. regulators, denied all wrongdoing in a tearful interview in April during which he threatened to punch his questioner in the mouth."
But as far as wealth destruction, he is a bit of a lightweight.
dont you believe it (profile) wrote on Fri, 6/19/2009 - 9:42 am
You don't have to go anywhere at all. You just have to pay off your debts!
And I say that as someone who hasn't carried a debt for 20 years. Frankly, and from my point of view, I expect to be rewarded for my prudence!
Small (<20k) student loan here. I live pretty minimally too. The problem is that people won't change unless they are forced to by the heavy blows of fate, the majority of us in this nation are debtors with unsustainable lifestyles, politicians need our votes to keep their place in the Hierarchy, and we have this amazing technology called the printing press.
OT - My bank's mortgage rates, which opened at 5.5 yesterday, crept up to 5.625 by afternoon, opened at 5.75 this morning.
Add that to the fact that it has been unusually rainy and cold for what seems like an eternity here in the northeast, and I predict homes sales up here are going to slide this month.
the screwed up thing about Stanford is that he looks and acts like a ex-billionaire used car salesman.
........Fed's Hoenig says inflation a longer-term issue........
........ Yahoo! 404 - Page Not Found ..........
....define "sustainable farming"?
.....I make more money checking phone booth coin return slots.....
@rb
A romantic notion, indeed!
-- and we have this amazing technology called the printing press. --
Its a sham(e) about the external balance then.
As I posted-pigged 'I begin to be of the opinion that the us.gov and FED will be able to engineer a situation where there will be neither inflation nor deflation yet at the same time there will be nothing available for the consumer to purchase.'
10:55aBREAKING NEWs
U.S., Switzerland agree to share tax information
thats gonna hurt....
Damn Gnomes of Zurich giving the rest of us Gnomes a bad rep.
.............CC , calm down , will you?...........
California unemployment rises to record 11.5% in May - Los Angeles Times
CA unemployment rate at 11.5%.
So goes California, so goes the nation.
California you are weak!
The unemployment rate in South Carolina now stands at 12.1 percent, according to new numbers released Friday.
I've just read a summary of the 'proposed settlement' as published in the Neue Zuercher Zeitung.
The proposal is not definite, and also because of the Swiss Federalism, must also be approved by each Kanton individually.
Nobody can footdrag like the Swiss. Nobody!
reading about sustainable farming this morning. Anyone know if you can make ok money with that?
Maybe. Google 'Joel Salatin' if you want information on one guy's success and related information. It's definitely possible and probably satisfying, but I don't think it's easy.
Jay D
Nam Myo Renge Kyo
YouTube - The Life of Buddha
got it checked there first. thank you
jan
Swiss make a deal
Swiss agree to share tax information with U.S. - MarketWatch
like thier cheese it will still have holes...
As the holder of a Swiss bank account, I sure hope it still has holes.
Overbuilt Phoenix area has 23%+ vac rate for all comm properties.
Office condos 50%+ vac rate.
The same thing goes on in local government. They may not call it that but it does happen. Whenever a local government allows a Corporate firm to get a tax free incentive to bring their plant to a town that is bribery. I'm sure many small town or city politicians who have dreams of higher office consider how these firms that they allow into their communities for these tax incentives, will eventually want to rep
recommended : Econ & Finance Articles
When elected government officials secretly collude with bankers to create a non-governmental Federal Reserve Bank that controls the currency of the country and systematically generates inflation to allow government to spend at an ever increasing rate.
Taxing citizens to create bureaucratic government agencies and programs that fail to accomplish their mission while continuing to grow in size as politicians use them to reward the contributors to their re-election campaigns.