Now that we have ensconced serial bubble blowing as the core of our economic policy and Wall Street has institutionalized socialization of losses and privatization of profits and have obtained 100% taxpayer guarantee of all debts. What next?
@ab: What’s next? Why, more bubble blowing, of course. This time it’s the stock & commodity markets (again). We’ve run out of ideas on how to facilitate and maintain a structurally sound economy, so we take the easiest route (think Occam’s Razor), which is serial bubble blowing. This won’t change until some extraneous factor forces our hand.
“Now that we have ensconced serial bubble blowing as the core of our economic policy and Wall Street has institutionalized socialization of losses and privatization of profits and have obtained 100% taxpayer guarantee of all debts. What next?”
—
Next? That’s EASY…
They repeal the 2nd amendment…When they “feel” that Americans have been sufficiently emasculated thereto, then, they deploy the National Guard locally to actually guarantee that you make those payments…
I object the the juxposition. Shouldn’t, like so many times on the farm I recall, the pig with the money be straddling the pig without any? That’s not to suggest that males have more money than females.
And what exactly were our choices as citizen’s of the most powerful, democratic, meritocratic nation in the galaxy? Evita 2? Except her husband wasn’t quite dead yet? Well maybe figuratively. Since Monica.
2nd Amendent? Fascism? Come on! Silly me, I thought this thread was titled, “About Bailouts”. This degenerated into right wing talk radio territory real quick. Disappointing to me ’cause I really love Barry’s blog. The banter is great and educational but when it gets into this meme, I get find i get edgy and irritated.
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
July 27th, 2009 at 5:02 pm
Is that GS I see on the left…?
July 27th, 2009 at 5:03 pm
and the taxpayers on the right . . .?
July 27th, 2009 at 5:16 pm
Despair.com is fantastic. Check out other “demotivator” posters — they are spot on!
July 27th, 2009 at 6:08 pm
Long Live the Tyranny of the Incompetent (hat tip, leftback), where it pays to be an incompetent, criminal, or ignoramus……or all of the above.
July 27th, 2009 at 6:22 pm
Now that we have ensconced serial bubble blowing as the core of our economic policy and Wall Street has institutionalized socialization of losses and privatization of profits and have obtained 100% taxpayer guarantee of all debts. What next?
July 27th, 2009 at 6:24 pm
@ab: What’s next? Why, more bubble blowing, of course. This time it’s the stock & commodity markets (again). We’ve run out of ideas on how to facilitate and maintain a structurally sound economy, so we take the easiest route (think Occam’s Razor), which is serial bubble blowing. This won’t change until some extraneous factor forces our hand.
July 27th, 2009 at 7:42 pm
So true and so sad. They bleed us like the pigs they are and toss us a few scraps along the way.
July 27th, 2009 at 7:45 pm
Where’s my scrap? I must have missed the toss.
July 27th, 2009 at 8:05 pm
@ab initio
“Now that we have ensconced serial bubble blowing as the core of our economic policy and Wall Street has institutionalized socialization of losses and privatization of profits and have obtained 100% taxpayer guarantee of all debts. What next?”
—
Next? That’s EASY…
They repeal the 2nd amendment…When they “feel” that Americans have been sufficiently emasculated thereto, then, they deploy the National Guard locally to actually guarantee that you make those payments…
It’s a piece of cake to be a dictator…
July 27th, 2009 at 8:07 pm
…especially when the single propaganda radio & TV stations broadcast the “All Presidente…all Day” meme…
…and YOU actually cast your ballot for El Presidente…
July 27th, 2009 at 8:15 pm
cv –
you talkin’ fascism?
http://en.wikipedia.org/wiki/Fascism
August 7th, 2009 at 7:12 pm
I object the the juxposition. Shouldn’t, like so many times on the farm I recall, the pig with the money be straddling the pig without any? That’s not to suggest that males have more money than females.
August 7th, 2009 at 7:44 pm
Just have to pass this along, the guy did a good job! Ben & Co at their finest! http://www.youtube.com/watch?v=HQ79Pt2GNJo&feature=related
August 7th, 2009 at 10:34 pm
@cv: el presidente. Correct.
And what exactly were our choices as citizen’s of the most powerful, democratic, meritocratic nation in the galaxy? Evita 2? Except her husband wasn’t quite dead yet? Well maybe figuratively. Since Monica.
Or Reagan exhumed from the prisoner camp?
August 8th, 2009 at 3:04 am
Looks like another piggy bank control mechanism is about depleted:
Central bank gold sales won’t hit target
August 8th, 2009 at 7:57 am
2nd Amendent? Fascism? Come on! Silly me, I thought this thread was titled, “About Bailouts”. This degenerated into right wing talk radio territory real quick. Disappointing to me ’cause I really love Barry’s blog. The banter is great and educational but when it gets into this meme, I get find i get edgy and irritated.