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RE: Thoughts on Obama's news conference today? - 11/25/2008 3:31:47 PM   
Vendaval


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Hello Mz Mia,
 
I have not heard the speech yet but have been reading about the economic plan.  Most likely some sectors of the economy are going to get worse before they get better.  But having a good team and a good plan ready to go as soon as the new administration steps into office is starting things off right.

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RE: Thoughts on Obama's news conference today? - 11/25/2008 3:32:27 PM   
variation30


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quote:

ORIGINAL: Crush

I'm waiting to see what the  Law of Unforeseen Consequences  brings to pass. 



um. the consequences are not unforseen. we know what happens when you inflate a money supply to pay for social projects/wars. in america, these policies have brought about everything from our current crash, to the carsh in the 20's to the panic of 1817. our current 'solutions' will do the same thing that fdr's 'solutions' did - they will extend the depression for many years.

what people don't understand is that the destruction of wealth is not the creation of wealth. and what we are doing, through taxation, inflation, and deficit spending, is the destruction of wealth.

the government loves to break windows and then tell us it's a good thing.


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RE: Thoughts on Obama's news conference today? - 11/25/2008 3:42:55 PM   
variation30


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quote:

ORIGINAL: pahunkboy

not with shorts, naked shorts, spreads, structured dirivatives, and most of all fraction banking.  the money profit might have gone to rothschild... but when the market was worse then a casino with almost no house rules- should we be surprised.  

you and i are expected to herniate a disk for  $20.    but what they done with the currency mocks nearly every person that followed the rules.   ild be curious to hear the talk in the prisons between bank robbers....

i dont think the matter is happenstance.  but ya know- society at large suffers when fresh ideas are squashed via fear and economy chaos.

if the lone self works hard and does everything right,  then has it in effect taken away from him, what motivation is there to keep doing it?

wait until the dollar is 10 cents on the dollar.  most every country will devalue as well.  you can not run and you can not hide.   everyone is going to...  flip out

repeat after me.  i am my brothers banker.  i am my bankers keeper.  i am my bankers banker.



do you even know what shorting stocks is? shorting or buying futures does not cause people to lose money. it's just speculation and gambling. money still isn't lost. individuals may lose money as individuals made poor choices...but the economy as a whole does not lose because the price of a stock went down as the sellers who initially sold that stock have your money. if the price of the stock goes down, that means people aren't interested in buying into that company. instead, they are more interested in keeping their money in banks, in commodities or goods, or in a box under their bed.

and the problem doesn't lie in fractional reserve banking, either. you seem like you want to be a free market capitalist and listen to Ron Paul - which is a good thing, but you may want to read up more about what this actually means. Ron Paul is an Austrian Economist, like myself. Austrians take a praxeological (axiomatic as opposed to empirical) approach to understanding human behavior and how we value and trade our property (economics). fractional reserve banking, in itself, is not a great evil - depending upon what the currency is backed with. the problem arises when there are certain encroachments upon the market. a great example of this would be the government/fed - which force us into dealing in a fiat currency as it is illegal to open up private, competiting currencies to the US dollar.

and yes, I'm well aware of the possibility (I may even call it a fact) of looming hyper-inflation. because of this, I've taken out as many student loans as I can.


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RE: Thoughts on Obama's news conference today? - 11/25/2008 4:03:52 PM   
Sanity


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quote:

"You never want a serious crisis to go to waste," Rahm Emanuel, Mr. Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.

He elaborated: "Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before."


http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj



If that's their take on it, why wouldn't Obama's team do everything in your power to make said crisis the worst one possible. That would mean the best possible opportunity for them ever, wouldn't it?

They're insane...


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RE: Thoughts on Obama's news conference today? - 11/25/2008 4:04:43 PM   
Crush


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Chaos theory (yes, I'm qualified to talk about it....I teach it) shows that small changes can bring unexpected results.  We know what the PAST has been, but again, we don't know what changes, even simple ones, can bring about as unintended results.

The introduction of the Internet, but especially the World Wide Web, which really didn't get commercialized until 1996 (yes, only 12 years ago) was going to dramatically change "everything."  And certainly it has.  Better, cheaper porn.  Christmas shopping via the web.  Social networking (the current #1 traffic generator.)  And cyberwarfare.  Email viruses spread at near light speed.  Phishing.  Identity theft.  Things people didn't predict.   Obvious, looking back, since TCP/IP was never meant to be a secure system, but rather a system to ensure delivery of information.  And it wasn't meant to be as broadly used, hence the introduction of IPv6 to 2^128 addresses from the IPv4 2^32 address space.

Hence, The Law of Unintended Consequences.   (see wikipedia: http://en.wikipedia.org/wiki/Unintended_consequence )  Not a "Law" but an observation.  And an example of how Chaos Theory enters our conciousness.

-------
I personally we're going to see a version of "No Good Deed Goes Unpunished" as we experience "Change."   I'm still how people who have told us that "Trickle Down Economics" isn't valid, but are going to bail out these corporations under the idea that it will help the man in the street.

------------------
Next time...Boston Tea Party...Party like it's 1773!!



< Message edited by Crush -- 11/25/2008 4:15:08 PM >


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Profile   Post #: 25
RE: Thoughts on Obama's news conference today? - 11/25/2008 6:56:05 PM   
TheUtopian


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quote:

ORIGINAL: pahunkboy

Shiv,   isnt that the truth!

I emailed congress this morning. I was explaining this to a buddy the other day, my god- local people are clueless!

lets see, I will assess you $50 for your couch this month, $20 for your stove, $30 for your fridge.  If you want to have a roof, you  have no other choice but to pay it.  

the fact is- that the big power crashes countries on purpose so as to build up a huge fortune.   this is high treason.

only the government can issue debt- under the US Constitution.  Why do ya thing we left the British?  we left due to the bank extracting money of us.

if privatized roads are bad, think of how EVERYTHING is about to be privatized.   You might not own your hair, your spit and your spleen.

Why else would the congress be recklessly spending right now?  the ship is sinking.
http://larouchepac.com/news/2008/11/21/lpactv-larouchepac-weekly-report-november-21-2008.html    <-- this is where I heard obamas tranisition team has at least seen the idea.


do you think 29% interest is bad, $25 NSF fees?   wait untill the decade runs out and you can barely scrape some ramon noodles up for the week.





You guys are really gonna have to tone all this ''dump the Fed '' fun stuff down!  There's a pear-shaped dude here and another one with a big forehead and stringy long hair who absolutely love the Fed {Its their hero, yanno} - and they're not gonna be happy with all this demagoguery directed at the Federal Reserve.






- R

< Message edited by TheUtopian -- 11/25/2008 6:58:14 PM >


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Profile   Post #: 26
RE: Thoughts on Obama's news conference today? - 11/25/2008 7:52:45 PM   
MzMia


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Yeah responses!


pahunk?  interesting, interesting.  I totally agree
as America spirals a bit more downward daily, IT
is all about the money, and jobs, and our future at this point.
Not sure I totally understand overthrowing the fed, it looks
like the fed is the only system saving us right now.  I do agree
it could be overhauled, though.  I enjoy hearing your pov!!!!!
 
tornaway?  I agree with you 100%.  I am not sure what the results of
what the President elect's plans will be, but he appears to be going full
speed ahead, 2 months before he really normally should start.
 
Crush, crush, crush.
Your prescence is a breath of fresh air.
I have to read and re-read what you are saying, but it makes sense.
I need to read more about the Chaos theory, because I am far from
being an economist but I have known we were in chaos for over a year.
The Law of Unintended Consequences......deep I love it!!!!!!!
I hope to see a lot more of you around here, thank you!!!
I love the fact that you and Pahunk not only give your opinions, but also
explain why you feel the way you do.  Thank you for giving us a lot to
think about.


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Profile   Post #: 27
RE: Thoughts on Obama's news conference today? - 11/25/2008 8:47:23 PM   
Cagey18


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Joined: 9/7/2008
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quote:

ORIGINAL: Sanity

quote:

"You never want a serious crisis to go to waste," Rahm Emanuel, Mr. Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.

He elaborated: "Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before."


http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj





How convenient (and unsurprising) that you cut off the rest of the quote, that puts it in context:

quote:


He ticked off some areas where he thought new doors were opening: energy, health, education, tax policy, regulatory reforms. The current atmosphere, he added, even makes bipartisanship easier: "The good news, I suppose, if you want to see a silver lining, is that the problems are big enough that they lend themselves to ideas from both parties for the solution."

Mr. Emanuel noted, correctly, that the U.S. largely squandered the opportunity the oil shocks of the 1970s presented to make serious, long-term changes in its energy habits -- a failure that has returned to haunt the nation today.

Conversely, history points to examples of leaders who have used crises to seize opportunities. Most obviously, President Franklin Roosevelt took advantage of economic trauma in the 1930s to drive through a new economic agenda, as did President Ronald Reagan with his tax cuts in 1981.



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Profile   Post #: 28
RE: Thoughts on Obama's news conference today? - 11/25/2008 9:15:15 PM   
MadRabbit


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quote:

ORIGINAL: Crush

Chaos theory (yes, I'm qualified to talk about it....I teach it) shows that small changes can bring unexpected results.  We know what the PAST has been, but again, we don't know what changes, even simple ones, can bring about as unintended results.


You must have read the same copy of Jurassic Park that I did as a kid.

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Profile   Post #: 29
RE: Thoughts on Obama's news conference today? - 11/25/2008 9:29:53 PM   
thornhappy


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Don't believe the statistics talk, though.  He's got some errors in it (brought to our attention by a probability/statistics prof.)

thornhappy

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Profile   Post #: 30
RE: Thoughts on Obama's news conference today? - 11/25/2008 9:44:13 PM   
painpup


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well there's another scenaro full scale war a opps there it goes can anyone answer what is now the number of dirty nuc's missing right now last count was nintysix also it has been spoken Pres elect will face a full blown crise before his first 60 days in  oh happy thanks giving

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RE: Thoughts on Obama's news conference today? - 11/26/2008 3:38:30 AM   
Sanity


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From: Nampa, Idaho USA
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Rather, how convenient that I provided the link (that you used) to get to the entire article.

quote:

ORIGINAL: Cagey18

quote:

ORIGINAL: Sanity

quote:

"You never want a serious crisis to go to waste," Rahm Emanuel, Mr. Obama's new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.

He elaborated: "Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before."


http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj





How convenient (and unsurprising) that you cut off the rest of the quote, that puts it in context:

quote:


He ticked off some areas where he thought new doors were opening: energy, health, education, tax policy, regulatory reforms. The current atmosphere, he added, even makes bipartisanship easier: "The good news, I suppose, if you want to see a silver lining, is that the problems are big enough that they lend themselves to ideas from both parties for the solution."

Mr. Emanuel noted, correctly, that the U.S. largely squandered the opportunity the oil shocks of the 1970s presented to make serious, long-term changes in its energy habits -- a failure that has returned to haunt the nation today.

Conversely, history points to examples of leaders who have used crises to seize opportunities. Most obviously, President Franklin Roosevelt took advantage of economic trauma in the 1930s to drive through a new economic agenda, as did President Ronald Reagan with his tax cuts in 1981.





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RE: Thoughts on Obama's news conference today? - 11/26/2008 6:28:10 AM   
Cagey18


Posts: 662
Joined: 9/7/2008
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quote:

ORIGINAL: Sanity

Rather, how convenient that I provided the link (that you used) to get to the entire article.


You really didn't have much choice, now did you?  People would have asked for it, or the excerpt could have been validated with a search.  The Chimp in Chief taught us all about the Googles.

And you must realize that most would not have bothered to read the article, but only your misleading excerpt.

I find it amusing that your deception was exposed so easily.


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Profile   Post #: 33
RE: Thoughts on Obama's news conference today? - 11/26/2008 7:58:23 AM   
Crush


Posts: 1031
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quote:

ORIGINAL: MadRabbit

quote:

ORIGINAL: Crush

Chaos theory (yes, I'm qualified to talk about it....I teach it) shows that small changes can bring unexpected results.  We know what the PAST has been, but again, we don't know what changes, even simple ones, can bring about as unintended results.


You must have read the same copy of Jurassic Park that I did as a kid.


Actually, in grad school I was studying topology and came across chaos theory.  Long before Jurassic Park was even an idea in Crichton's mind.  My dinosaur was Godzilla....he rocks!  (The Japanese one, not the lame special effects one with Matthew Broderick)

---> Why do the Japanese always have the latest and greatest communications stuff?   Every few years Godzilla destroys Tokyo and they get to start over from the ground up!



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Profile   Post #: 34
RE: Thoughts on Obama's news conference today? - 11/26/2008 8:12:06 AM   
Crush


Posts: 1031
Status: offline
quote:

ORIGINAL: MzMia

Yeah responses!


...............................snip.................
 
Crush, crush, crush.
Your presence is a breath of fresh air.
I have to read and re-read what you are saying, but it makes sense.
I need to read more about the Chaos theory, because I am far from
being an economist but I have known we were in chaos for over a year.
The Law of Unintended Consequences......deep I love it!!!!!!!
I hope to see a lot more of you around here, thank you!!!
I love the fact that you and Pahunk not only give your opinions, but also
explain why you feel the way you do.  Thank you for giving us a lot to
think about.



Thanks MzMia. 

I also like the "Football Rule" ---> If a bunch of people get together to play football, who makes up the rules?   The person who brought the football, of course!  Want to change the rules?  Bring your own football to the game!   ( I use it to explain why we use Microsoft Windows...we don't feel like writing our own operating systems,  so we use Bill Gates "football.")




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Profile   Post #: 35
RE: Thoughts on Obama's news conference today? - 11/26/2008 8:15:48 PM   
painpup


Posts: 132
Joined: 2/16/2005
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who care can any one answer my qustion obvis not

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Profile   Post #: 36
RE: Thoughts on Obama's news conference today? - 11/26/2008 8:23:24 PM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

personally we're going to see a version of "No Good Deed Goes Unpunished" as we experience "Change." I'm still how people who have told us that "Trickle Down Economics" isn't valid, but are going to bail out these corporations under the idea that it will help the man in the street
quote:

ORIGINAL: MadRabbit

quote:

ORIGINAL: Crush

Chaos theory (yes, I'm qualified to talk about it....I teach it) shows that small changes can bring unexpected results.  We know what the PAST has been, but again, we don't know what changes, even simple ones, can bring about as unintended results.


You must have read the same copy of Jurassic Park that I did as a kid.


you see, when I drop water on her hand...


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Profile   Post #: 37
RE: Thoughts on Obama's news conference today? - 11/27/2008 5:03:17 AM   
Satyr6406


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From: New Brunswick, N.J.
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The man's a socialistic autocrat that wants to control our money and freedoms and, as evidence to such, he's courting Ms. Rodham-Clinton for Secretary of State. I may just re-new my forgotten about plans.

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Profile   Post #: 38
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