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245 posts

Master Geek


  Reply # 534598 18-Oct-2011 10:26 Send private message

TheUngeek: Oh no! It's the Illuminati!


Damn it! Did I miss *another* meeting????







Load & Performance Tester/PHP/JSP/C/PERL/MYSQL/LoadRunner8->11/HTML/CSS/XML/XSLT/2B|!2B/Cervelo Soloist/EMC Equip4/ Samsung Galaxy S /Darkys 10.2 Extreme

Do androids dream of electric sheep?
use strict;
my $sheepCount;

Yes, they can.

720 posts

Ultimate Geek
+1 received by user: 95


  Reply # 534603 18-Oct-2011 10:42 Send private message

These topics can get so amusing to read :-)

People get so worked up on such little things in life .... get over it people, just live your short lives as happy as you can!

Besides who gave these protestors the right to try changing my life ?  Should I do a counter protest against them ? ;-) 




925 posts

Ultimate Geek
+1 received by user: 35
Inactive user


  Reply # 534604 18-Oct-2011 10:43 Send private message

Should we Occupy the occupiers?

245 posts

Master Geek


  Reply # 534607 18-Oct-2011 10:47 Send private message

TheUngeek: Should we Occupy the occupiers?


Not until they have showers




Load & Performance Tester/PHP/JSP/C/PERL/MYSQL/LoadRunner8->11/HTML/CSS/XML/XSLT/2B|!2B/Cervelo Soloist/EMC Equip4/ Samsung Galaxy S /Darkys 10.2 Extreme

Do androids dream of electric sheep?
use strict;
my $sheepCount;

Yes, they can.

9 posts

Wannabe Geek


  Reply # 534620 18-Oct-2011 11:23 Send private message

"They are then overthrown by the Middle, who enlist the Low on their side by pretending to them that they are fighting for liberty and justice. As soon as they have reached their objective, the Middle thrust the Low back into their old position of servitude, and themselves become the High-http://www.newspeakdictionary.com/go-goldstein.html"
 
How do I put the above text in a box?

Long before Orwell but recent enough to be relvant, the French were guillotining their fellow revolutionaries (revolters?) before the revolution ws complete.
In hindsight, this period in bhistory may well appear very different to how it seems now.



gzt

3748 posts

Uber Geek
+1 received by user: 106

Subscriber

  Reply # 534621 18-Oct-2011 11:27 Send private message

feisha: How do I put the above text in a box?

If you use the Quote button on that post, you will see the syntax.

gzt

3748 posts

Uber Geek
+1 received by user: 106

Subscriber

  Reply # 534642 18-Oct-2011 12:02 Send private message

Ragnor:

Who guaranteed the risky lending being done by banks?
Who has kept and is still keeping interest rates low?
Who is printing/inflating the money supply and devaluing savings?
Who bailed out banks that under a true capitalism should have been allowed to go bust?

The US government.

They are protesting a symptom not the cause of the illness.

For the most part the lending was not guaranteed at all. The US Government only stepped in when it became apparent the entire banking system was under threat from massive defaults rolling through the system to the point where the lack of available credit supply would impact smaller and smaller manufacturers and businesses who essentially rely on banking credit to pay wages and materials bills against inventory sold but not yet manufactured or paid for.

The US also put some pressure on other countries to enact guarantees to stop the crisis spreading.

Instead of a direct bailout maybe they could have guaranteed the instruments, accepted the bankruptcy of the institutions involved and as usually follows, taken administrative (bankruptcy) control of those institutions prior to organising sales of their remaining assets and infrastructure. My understanding is the US Government rejected this option as being too disruptive to the continued functioning of the financial system which depends on these institutions.

The US Dodd-Frank act (2010) addresses these problems by creating an administrative body able to call on the resources necessary to enact a liquidation if needed, and regulating the financial instruments involved.

Some critics point out Dodd-Frank leaves some corners of the market essentially without capital controls and therefore fear these corners will expand and create a new potential crisis, but at least that is some way off.

428 posts

Ultimate Geek
+1 received by user: 15


  Reply # 534668 18-Oct-2011 12:55 Send private message

It's also worthwhile considering the time frame that a lot of these decisions were being made in (over a weekend to consider what needed to be done and the potential implications).

If the contagion had been stopped after the first couple disentegrated it would have worked, but at the time no one really had an idea that it would be as widespread as it was.

Hind sight is a wonderful thing.

428 posts

Ultimate Geek
+1 received by user: 15


  Reply # 534677 18-Oct-2011 13:14 Send private message

Have to love this line from an article in the NZ Herald

"It is understood Invercargill-based anti-capitalism demonstrators successfully picketed the Westpac money machine in downtown Kelvin Street."


http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10759735

720 posts

Ultimate Geek
+1 received by user: 95


  Reply # 534682 18-Oct-2011 13:20 Send private message

Byrned: http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10759735


That was a fun read, made me chuckle .. always good to see people havn't lost their sense of humour :-)




gzt

3748 posts

Uber Geek
+1 received by user: 106

Subscriber

  Reply # 534691 18-Oct-2011 13:36 Send private message

Funny article. Key's quote included:

""We all know that markets move in clearly defined cycles of greed and fear," Key said. "Sure, some professions - such as currency traders, for example - do particularly well during the greed part of the cycle""

LOL Smile


[Edit removed last para]



gzt

3748 posts

Uber Geek
+1 received by user: 106

Subscriber

  Reply # 534728 18-Oct-2011 14:38 Send private message

The article is actually a humor piece. Key is too smart give the unimaginative opposition easy ammunition, and Ken Rabble is an unlikely name.

1599 posts

Uber Geek
Inactive user


  Reply # 534734 18-Oct-2011 14:49 Send private message

Hmm, let me see:

Capitalism: an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.

vs.

Communism: a theory or system of social organization based on the holding of all property in common, actual ownership being ascribed to the community as a whole or to the state.

Yeah, I think I know which one I prefer (and its not communism)...

1599 posts

Uber Geek
Inactive user


  Reply # 534736 18-Oct-2011 14:53 Send private message


1599 posts

Uber Geek
Inactive user


  Reply # 534751 18-Oct-2011 15:19 Send private message


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