BS: the next financial crash.

Subject: BS: the next financial crash.
From: Mr Red
Date: 07 Feb 17 - 04:44 AM

Jim Rickards OK he is pushing some kind of advice, no doubt with a service.
BUT the Daily Telegraph, not known to be shy of pushing greed, reported in its business section that pundits are warning of a recession next year.

Now my contention is that these lows occur about every 15 years, which is why I was nervous in 2017. It is approx one generation that didn't get the hurt of the last one and you know what teenagers think of sound advice. My marker is usually the price of housing compared to average wages. But food prices may come to play. Peak oil? Maybe things are moving faster now!
So my feeling is that either this will be a slowdown or we are in for a gradual realisation that things are creaking at the joints. The lubrication may involve pain.

Just saying!

Subject: RE: BS: the next financial crash.
From: Donuel
Date: 07 Feb 17 - 05:25 PM

With the chief of staff and 4 cabinet members from Goldman Sachs of Wall St we have already rolled back banking laws to 2007. Dodd Frank is history. The Real estate market will love the sale and lease of public schools to new private religious owners. The tax cut on corporations like Trump and the rich will free up ton of money to be hoarded.

We may hear that debt is good again. That will be the tip off.
A big economic collapse will again be backed by the US treasury.
A botched big bank job/theft could leave them high and dry which would end The middle class for more than 30 years or result in war that would end democracy entirely but provide jobs.

Worst case scenario:
We won the cold war by out spending Russia. The next war will be won by out eating the poorest of the poor who will die of starvation. It is a reasonable hot war strategy in the face of climate change and 7+ billion mouths to feed that desperation can unite a people to turn on each other and allow absolute power to rule. Population centers devour themselves and will not be the strategic target but instead food centers and farmland will be targeted.

Best case scenario:
In short rich holdings will go up. The poor will starve at unprecedented numbers. The gulf between rich and poor will grow wider.

Sweet right dream scenario:
We will be the greatest nation who defeats the entire world and will remain so by our State religious and Goldman Sachs leaders.

sweet progressive dream :
we will pull back from the abyss
under Bernie and Robert Reich

Subject: RE: BS: the next financial crash.
From: Donuel
Date: 07 Feb 17 - 09:52 PM

With the tools of financial corruption back in place how long will they wait to pull the string?

Subject: RE: BS: the next financial crash.
From: Mr Red
Date: 08 Feb 17 - 04:37 AM

They is testing the waters right now.

Subject: RE: BS: the next financial crash.
From: Teribus
Date: 08 Feb 17 - 05:02 AM

Well Gawd Dayum Mr Neck - "They is"!!! - How ya'll know that ya'll?

Subject: RE: BS: the next financial crash.
From: Thompson
Date: 08 Feb 17 - 05:39 AM

It's funny how dim we humans are. Over and over it's equality that has made for a good society and prosperity, but we keep shifting out of it and into a greed-based system.
If we had a titter of sense, all trips of less than 5km would be by bicycle, we'd all grow a few vegetables, kids would cycle to school, wages and salaries would be within an ass's roar of each other, we'd make laws to ensure that housing is affordable and medicine a right. But somehow we keep trying that and then saying naah, more fun when it's grinding poverty for a lot and greedy gold-plated vulgarity for a few.

Subject: RE: BS: the next financial crash.
From: Teribus
Date: 08 Feb 17 - 09:54 AM

Didn't Pol Pot try that Thompson?

Over and over it's equality that has made for a good society and prosperity

Rather simplistic, the building blocks for your "good society" are varied and far more complex.

By the way I have seen first hand what happens when "wages and salaries are within an ass's roar of each other" - the prevailing attitude becomes "Who gives a toss" - That was why in the "workers paradise" of the Soviet Union they never managed to feed themselves - everybody was "equal" apart from the lucky few who were members of the Communist Party who of course were "more equal than the others" so the "opportunities" open to them were denied others.

Since 1990 the world economy has doubled - you might well categorise that as "greed", others might call it progress, achievement, aspiration fulfilled. In the same time frame the number of people in the world living in abject poverty has halved.

Subject: RE: BS: the next financial crash.
From: Mr Red
Date: 08 Feb 17 - 11:54 AM

Pol Pot tried dogma.
Twitler is sticking to his.

There are differences but the similarities are seen in those dispossesed.

The minute you move the goalposts there those who aim is locked to a working methodology. If you move fast there are more of them. Especially if the move is geared to the secret preparations of those with the most assets already.

And would the Trumpista please tell me I am wrong when I stick my Neck out and point to the speed of change right now. (But please engage brain first).

Subject: RE: BS: the next financial crash.
From: Donuel
Date: 08 Feb 17 - 01:59 PM

Teribus is right. The economy has doubled.

but then I have to ask, at what cost to earth?

Subject: RE: BS: the next financial crash.
From: Teribus
Date: 08 Feb 17 - 03:12 PM

"Twitler" is sticking to his???? - What?

Who currently has "Twitler" dispossessed??

By the way a "working methodology" is preferable to anyone attempting to force through and try to impose a "failed ideology".

Subject: RE: BS: the next financial crash.
From: akenaton
Date: 08 Feb 17 - 05:28 PM

We can learn how to create a fair society, but it will take time and a different mindset....nobody on this forum will ever see it, but it will come; we will be forced by circumstances to cut out waste, to be more responsible for our families, to stop exploitation, to reject myths like equality in every sphere of life, to understand that freedom is not an absolute personal right.

At this moment, and for the foreseeable future we have Capitalism which will be made to work efficiently for the benefit of most of the population...directly and indirectly, but the system is obviously unsustainable due to the shortage of resources, the problems associated with an aging population, pharmaceutical science, the criminal underclass, the dispossessed, huge immigration rates, terrorism etc etc.

"Liberals" pretend that we can combine these two systems because they love the social givaways that capitalism allows to keep the ignorant ordinary people in their political place.....They are very wrong.

Subject: RE: BS: the next financial crash.
From: Mr Red
Date: 08 Feb 17 - 06:11 PM

"Twitler" is sticking to his???? - What? Dogma, read the text. And I credited people with some savvy, geeze, should I speak slowly?

Who currently has "Twitler" dispossessed?? - ah! the old trap for those suffering the "Dunning-Kruger Effect". It hasn't happened yet. So it won't, so the arguement lacks credibility. Short term brains at work there! Time will out.
Despite the fact that Twitler was not accused of dispossessing anyone (yet).

a "working methodology" is preferable to anyone attempting to force through and try to impose a "failed ideology". The working methodology was only applied to those who suffer from moving goal posts. Read, its there, and digest, lest we play the "Dunning-Kruger Effect" card again. Failure to look it up would prove my contention.
And a failed ideology is what you get when a Dogma grows up. Time will out.
Stick to the text as written, it is so much more intelligent.

Subject: RE: BS: the next financial crash.
From: Mr Red
Date: 08 Feb 17 - 06:22 PM

A financial crash is what you get when a load of short term brains ignore too much evidence and get greedy.
Wall Street crash - South Sea Bubble - Toxic Debts - Dotcom - *Ponzi schemes - care to add to the list?
There are always co-factors, it's in the small print, the get-out clauses - we have to save face somehow! Yea right!

*write yer favourite episode

Subject: RE: BS: the next financial crash.
From: Thompson
Date: 08 Feb 17 - 11:32 PM

Teribus, I wouldn't see the Pol Pot model as equality, I'd see it as dictatorship which pits ordinary people against each other.
I'm talking more about the effects written about in The Spirit Level by two epidemiologists, Richard Wilkinson and Kate Pickett. They used the kind of data mining normally used in studying epidemics to come to the conclusion that a series of social factors (including health, mental health, drug use, education, imprisonment levels, obesity, social mobility, mutual trust, community life, violence, teenage pregnancies and child well-being) are significantly worse in more unequal countries, whether the countries are rich or poor.
Wilkinson and Pickett (whom I always want to call Wilson Pickett) write that in unequal countries, even the relatively rich are affected by the stress, violence, bad health services, etc.
As I say, I wouldn't see Pol Pot (or the Soviet model, or China) as equal; all of these were riddled with corruption and unjust advantage. I'm talking more about the northern European model, the Scandinavian countries, France, the Netherlands, etc; even Britain in the years before Thatcher, and the United States to an extent in the years when an ordinary working family could have ample food, a cheap home, a car, and job security and good state-provided education. All gone now, of course.

Subject: RE: BS: the next financial crash.
From: Teribus
Date: 09 Feb 17 - 02:49 AM

What is Trump's "Dogma"?

I ask again. Who has Trump dispossessed and what has he dispossessed them of. Your "short termism crap" is simply that, if you want to play the game on the strength of the argument "It hasn't happened yet. So it won't" - Hells teeth you can accuse anybody of anything.

What you have to do Mr Neck is make yourself much clearer. You stated the following:

".... Twitler was not accused of dispossessing anyone (yet)."

After having stated this:

"Pol Pot tried dogma.
Twitler is sticking to his.

There are differences but the similarities are seen in those dispossessed."

Now if those two sentences in the latter statement are in anyway connected then your reference to "similarities" automatically implies that Pol Pot dispossessed people in Cambodia {Which he most certainly did in Spades} and that Donald Trump has dispossessed people in the USA which in your later statement quoted first above you admit that he hasn't - make your mind up. It is utterly ridiculous to take somebody to task for things that they have not done.

Subject: RE: BS: the next financial crash.
From: Jim Carroll
Date: 09 Feb 17 - 04:27 AM

"What you have to do Mr Neck "
Are you really back to your infantile name-calling?
What did you say - "a sign that my message is getting home"
""Liberals" pretend that we can combine these two systems"
A quote from Ake's declared favourite journalist, Ann Coulter
"I think the government should be spying on all Arabs, engaging in torture as a televised spectator sport, dropping daisy cutters wantonly throughout the Middle East and sending liberals to Guantanamo.""
Jim Carroll

Subject: RE: BS: the next financial crash.
From: Mr Red
Date: 09 Feb 17 - 05:02 AM

Dogma
if you can't find the definition look under "Dunning-Kruger Effect".
Obviously not found either yet.

Both can be implicated in a "Financial Crash". And always are.

PS - Jim, I am soooooooooooo much more than a Neck. I didn't ignore it, just batted it back. Maybe Mr Terrible didn't spot it, who cares? Oh OK, I could do so much better, see above and the refusal to acknowledge the jibe. QED.

Subject: RE: BS: the next financial crash.
From: Teribus
Date: 09 Feb 17 - 06:35 AM

I had it on good authority that Mr Red was one of the New Hampshire Red-Necks but preferred not to use his double-barrel.

I know what "dogma" is - just seen no evidence of Trump adhering to any dogma as yet. As a businessman I think his approach would be more pragmatic and if something is not working he will be prepared to alter course and thinking on any solution required.

As for the "Dunning-Kruger Effect" which put in simplest terms is buying a dog and barking yourself. That is another thing "businessmen" tend not to do when faced with real problems. No doubt at all the media will misreport him even more so than they did GWB and while that might distract Trump and provoke various idiotic Tweets, they will not distract his team or Congress, where the Republicans hold majorities in both chambers.

As for the Financial Crash of 2008? The cause and ground for that was brought about by the Clinton administration in 1998 and it was established on an assumption based on an inference that was a lie that created the greatest mountain of toxic debt the world has ever seen. But my, my look at how quickly recovery came to those nations that were prepared to reform and bite the bullet and how it still grips the ones that didn't.