Okay ..Matt is a trick?
Serious...
Capitalism is something that in it's purest form ..
Is it pure now? Diluted...how does it happen, can something no longer pure return?
No wrong answer, just attempting to learn how wall street is considered so corrupt, yet maintains the street to success.
At least stock wise...
Brock. ..make sure you enter with the Benny Hill theme... It fits so well.
All's lost! Everything's going to shit!
this thread is batting about something painfully obvious.
What's the mystery? Free buying and selling, for people like us, if you got the cash or credit just go and buy it.
What's the mystery?
There's no such thing as capitalism, its just buying and selling pretty much free wheelin WHAT THE FUCK IS SO HARD TO DECIPHER ?
WHAT THE FUCK IS SO HARD TO DECIPHER ?
brocktonian thoughts...
All's lost! Everything's going to shit!
Capitalism is buying and selling. My point is that the financial system is fraudulent and is based upon constant money creation which not only reduces the value of money, but is also the reason there has been so much war over the past 400 years.
I get that local business needs loans and people need savings that gather a bit of interest. That is healthy and good. What is not good is a system that actively preys on people and has nothing to back it up themselves. It's wrong that people lose their homes when banks know people cannot pay the loans because there is no longer job stability and the banks can crash the system at any time forcing lay offs. That's rotten and to then bail out those guys?
Matt Taibbi is a very good journalist and I tend to like what he writes.
Insider trading is another question mark.
To make money off someone's loss, what a hell of a way to get paid.
Vice President Cheney sold his Halliburton stock around 50$...then it dropped to 40$.
Reminds me of a movie with Dan Akyroid and Eddie Murphy Trading Places.
End of the movie ..they got paid. Cause they had the low down on orange juice crop report.
All's lost! Everything's going to shit!
Randolph and Mortimer
Murphy’s character and Ackroyd’s character. They manipulate the Dukes into making a huge bet on orange futures then twist the market to the good guys’ advantage.
The Dukes are ruined. Roll closing credits.
Murphy brought them back in his 1988 movie “Coming to America.” In their cameo, the Dukes have been reduced to homeless men. Murphy, now playing an African prince representing the kingdom of Zamunda, is in search of a bride.
The Dukes’ cameo doesn’t last long. It ends when Prince Akeem (Murphy) walks up. He sees the sad Dukes on the street. He gives them a wad of bills.
“Mortimer,” Randolph says, “We’re back in business!”
Let’s see … Crooked, greedy Wall Street operatives. They fleece the public and get away with it, for a while. Eventually, they’re seen as crooks and go broke.
Just like our bailouts.... the government sweeps in and hands them a big bag of money. They carry on as before.
Quote:
I wish life didn’t imitate art
Last edited by SlimTrae; 08-17-2016 at 12:11 PM.
All's lost! Everything's going to shit!
This is an excellent thread
Do not let success go to your head and do not let failure get to your heart.
You have gone too far there, I think. Slimtrae has resorted to dirty tactics and is manipulating Miles, which you will see as this thread (unbelievably) grows.
@SlimTrae is it Master's job to keep you in check and keep you from doing any further damage? Insider trading is tough beanz and wtf can any of us do about it?
Its like the Stone Age. Who had the bigger boulders and sticks got the most women and deer. Wtf can anyone do about it? You can go do your own insider trading Miles. Slimtrae is trying to turn you. Be strong.
#ResistSlimtraeProud
People need to find other ways. Things like crowdfunding, Bitcoin, communities, local farming, collectives, alternative media. Maybe you can just evade the system altogether. There is no justification for tax or endless inflation. We can make a new real capitalism.
Matt Taibbi is horrible, he's a spoiled brat riding Daddy's coattails into the world of "journalism", can hardly call 'Rolling Stone' relevant these days in regards to politics, economics, OR what they were originally founded to cover...music.
Capitalism in ANY form still beats the pants off of literally ANY other system. What do you want to replace it with? Communism/Socialism? We see how great those work out for the poor and less fortunate....just creates MORE of them. Capitalism CAN have winners and losers but it can also have symbiosis in which both the buyer and seller come out feeling like a good deal has been struck and to be quite honest that happens more on the small scale than it does on the large scale. A young kid goes and cuts his neighbor's grass, the neighbor pays....the kid earns some cash, the homeowner doesn't have to fuck with the yard that week that is WIN-WIN Capitalism.....don't have to worry about that in Communist countries....who owns a house much less a lawnmower?
There's a reason this little joke resonated....
it's because it's true.
But I'm sorry, you were decrying how horrible and diluted Capitalism is?
Boom and bust cycles are a result of economic cycles. That's what economic cycles do. They did it forr centuries before fractional reserve banking came along. The dollar has devalued 98% over the last hundred years but purchasing power, which is how we measure long term wealth, has increased by several thousand percent over the last hundred years. You no longer have to send your kids out to work instead of sending them to school, can afford housing, indoor plumbing, cars, holidays, gadgets, big boys toys etc. Our system is not a Ponzi scheme. It's out of whack due to no regulation or oversight but if well regulated it's as good as you're ever going to get.
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