AntiAusterity reigns in European politics

[franklin]

2 billion is nothing. All those banks have losses 1000X greater just waiting to realized on their books, but aren't because of accounting gimmickry and monetary gimmickry. But all the ballyhoo over JPM's trade gone amiss seems to end in talk of the Volcker rule and Glass Steagall being implemented, which I think is sensible to most. That's certainly not a left wing, anti-free market position.

I think most free marketers are the ones supporting Glass Steagall reinstatement, supporting a regulated transparent derivatives market, supporting changes to the way The Fed is run, supporting outlawing bailouts, supporting tighter anti-trust rules. That all fits under the umbrella of both regulation and a free market with competition enabling laws.

[disregarding your typical ZeroHedge intro] Sure, if you're in the investor class. This doesn't seem true for the conservative masses, unfortunately. I see this dumb **** Orrin Hatch has already forgotten about the banking implosion when he appears on CNBC and blames upcoming tighter regs as the reason the economy still stinks. Who do you think he's pandering to?

 

[babe]

The developed world will slowly but surely come around to the concept that taxing and spending our way out of deflation is the only way out.

The only way out, as a plain unavoidable reality, is to just let the bankrupt----banks and governments alike----fail. Clean the slates, and set up enforced regulations against corruption, and the death penalty for bankers/lobbyists who pay politicians for private benefits.

 

[babe]

2 billion is nothing. All those banks have losses 1000X greater just waiting to realized on their books, but aren't because of accounting gimmickry and monetary gimmickry. But all the ballyhoo over JPM's trade gone amiss seems to end in talk of the Volcker rule and Glass Steagall being implemented, which I think is sensible to most. That's certainly not a left wing, anti-free market position.

I think most free marketers are the ones supporting Glass Steagall reinstatement, supporting a regulated transparent derivatives market, supporting changes to the way The Fed is run, supporting outlawing bailouts, supporting tighter anti-trust rules. That all fits under the umbrella of both regulation and a free market with competition enabling laws.

I'm a supporter of reinstating the Glass-Steagall provisions, as is Lyndon LaRouche, who is pretty much an anti-Brit socialist who believes government should have it's own bank powers and issue credit for all kinds of infrastructure developments which benefit the people by providing good transportation, plenty of water, and expanding the biosphere with massive irrigation/canal programs.

The reigning powers that be, castigated as Brit neanderthals with all the wrong ideas and programs, are in fact stocking all the gold and silver in their coffers and saying "To Hell With the People".

And oh, to some of the more concerned conservatives, there is a huge area of agreement with the FDR-worshipping LaRouchies: Both Obama and Mitt are solidly controlled by the neanderthals.

 

[franklin]

As I've stated on this board many times, the only way out is multi-lateral debt default and debt forgiveness.

The only way out, as a plain unavoidable reality, is to just let the bankrupt----banks and governments alike----fail. Clean the slates, and set up enforced regulations against corruption, and the death penalty for bankers/lobbyists who pay politicians for private benefits.

Please explain why you both believe your way is "the only way out". You may have some biblical fantasy of the world crashing down, but the rest of us like to eat and live inside actual houses that shield us from roaming bands of marauders dressed as characters from The Book of Eli.

 

[Stoked]

Please explain why you both believe your way is "the only way out". You may have some biblical fantasy of the world crashing down, but the rest of us like to eat and live inside actual houses that shield us from roaming bands of marauders dressed as characters from The Book of Eli.

If the apocalypse comes and society falls apart I highly recommend Milford Utah to the rest of you.

1. Not on I15
2. Plentiful farmland
2. Additional small towns buffering it from Cedar City and Beaver Ut and I15 and the north
3. Wind farm and hydroelectric plant for power nearby
4. Dairy farm and Circle 4 farms with 60,000 pigs within close proximity
5. Small towns have a much higher chance to pull together
6. Plentiful wild game
7. Nearby water sources
8. Skilled labor force (teachers, doctors, farmers, mechanics, ranchers, hunters...)

Ok I took the tinfoil hat off.

 

[Scat]

If the apocalypse comes and society falls apart I highly recommend Milford Utah to the rest of you.

1. Not on I15
2. Plentiful farmland
2. Additional small towns buffering it from Cedar City and Beaver Ut and I15 and the north
3. Wind farm and hydroelectric plant for power nearby
4. Dairy farm and Circle 4 farms with 60,000 pigs within close proximity
5. Small towns have a much higher chance to pull together
6. Plentiful wild game
7. Nearby water sources
8. Skilled labor force (teachers, doctors, farmers, mechanics, ranchers, hunters...)

Ok I took the tinfoil hat off.

Can I borrow it for a while? I'm going to cram it onto KOCBegone's head.

 

[Stoked]

Can I borrow it for a while? I'm going to cram it onto KOCBegone's head.

By all means. Cram away...

 

[Mission Accomplished]

https://www.youtube.com/watch?v=SGXTTCfn3-o&feature=related

you act like I'm crazy look around at the fact and tell me what party is for you

 

[Mission Accomplished]

Fact cry when Republicans talk

https://www.youtube.com/watch?v=z5CCRI1vdwE&feature=related

 

[Duck Rodgers]

If the apocalypse comes and society falls apart I highly recommend Milford Utah to the rest of you.

1. Not on I15
2. Plentiful farmland
2. Additional small towns buffering it from Cedar City and Beaver Ut and I15 and the north
3. Wind farm and hydroelectric plant for power nearby
4. Dairy farm and Circle 4 farms with 60,000 pigs within close proximity
5. Small towns have a much higher chance to pull together
6. Plentiful wild game
7. Nearby water sources
8. Skilled labor force (teachers, doctors, farmers, mechanics, ranchers, hunters...)

Ok I took the tinfoil hat off.

Utah as a whole is a pretty well thought of spot in relocation guides the world over. Number one reason is that the big major cities in other states are far away. Going 800 miles from SoCal to Utah with no gas, and minimal supplies in the 21st century isn't going to work. That's the real worry in these scenarios. You can only really take care of your communities. Once everybody and their dog starts showing up, your survivalists skills would be really put to the test. Less likely to happen in Utah than most anywhere else.

 

[Stoked]

Utah as a whole is a pretty well thought of spot in relocation guides the world over. Number one reason is that the big major cities in other states are far away. Going 800 miles from SoCal to Utah with no gas, and minimal supplies in the 21st century isn't going to work. That's the real worry in these scenarios. You can only really take care of your communities. Once everybody and their dog starts showing up, your survivalists skills would be really put to the test. Less likely to happen in Utah than most anywhere else.

Exactly. Milford and some of the southeast Utah towns are perfect.

 

[Stoked]

KOC who are you even fighting with? You keep hammering republicans but I do not see anyone defending them.


Here is what I see:

KOC: Bash repubs...
Anyone else: Yeah the rebus suck and so do the dems...
KOC: Bash repubs...
Anyone else: yea they do and so do the dems...
KOC: ...

Get the idea? So yes point taken the republicans suck. No contest. Just come to terms with the dems sucking just as hard.