Financial Crisis

[waza]

Gold is the redheaded stepchild of the US dollar

[flying]

Gold is the redheaded stepchild of the US dollar

I would have thought that would be Copper?

[12DrinkMore]

Those who toiled & saved daily all their lives will see the actual purchasing power of their savings/pensions etc diluted greatly.

Savers are no longer welcome nor required in the banks. They are just a pain in the arse.

Pension holdings, on the contrary, are very welcome, as the banks take a couple of percent with "management charges" and also earn money by churning the portfolios and lending out the stocks.

[flying]

Savers are no longer welcome nor required in the banks. They are just a pain in the arse.

They dont need pennies that they need to pay interest for when they can get from the FED billions interest free to go play in the casinos

[midas]

I never imagined I would read an article like this In this day and age

Evidence is mounting that thousands of children in the UK are not getting enough food to eat – and that, as financial hardship spreads, their numbers are increasing rapidly

FareShare, a charity that redistributes surplus supermarket food, says soup kitchens, hostels and community groups are struggling to meet demand from parents and young people "desperate" for handouts. Since October, 42 per cent of the groups it works with have faced rising demand for food.

http://www.independent.co.uk/life-style/health-and-families/health-news/look-back-in-hunger-britains-silent-scandalous-epidemic-7622363.html

[12DrinkMore]

I never imagined I would read an article like this In this day and age

Evidence is mounting that thousands of children in the UK are not getting enough food to eat – and that, as financial hardship spreads, their numbers are increasing rapidly

FareShare, a charity that redistributes surplus supermarket food, says soup kitchens, hostels and community groups are struggling to meet demand from parents and young people "desperate" for handouts. Since October, 42 per cent of the groups it works with have faced rising demand for food.

http://www.independe...ic-7622363.html

I realise that my opinion is utterly politically incorrect.

But if you can't afford to have brats then you should not produce them.

Why should anybody, just because they can arrange the meeting of sperm and egg, bring their brats into the world and expect other people to pay for them?

I decided not to have brats because I wanted the freedom to live my life at my expense.

I fail to see why I should be involved in the upbringing of other peoples' brats in any way, shape or form. Or even be concerned about them.

I would dispute the idea that it is a basic human right to have brats when you do not have the financial and intellectual ability to feed and educate them without state support.

Edited April 6, 2012 by 12DrinkMore

[churchill]

[midas]

thanks Churchill

but it worries me that he has become so despondent

[flying]

thanks Churchill

but it worries me that he has become so despondent

You know what he talks about at 2 min in?

This is something I have thought for quite some time.

Those on govt assist will never bite the hand that feeds them.

System is beautifully broken

[midas]

thanks Churchill

but it worries me that he has become so despondent

You know what he talks about at 2 min in?

This is something I have thought for quite some time.

Those on govt assist will never bite the hand that feeds them.

System is beautifully broken

Do you mean when he talks about the “ Titan “ prisons?

I wonder if these will become the equivalent of the “ workhouse “ from the Charles Dickens era in England? ( WORKHOUSE. The word alone was calculated to send a shudder down the spine of any honest 19th century worker. It signified the end of the line, the final indignity. It said: Abandon hope, all ye who enter here.)

This should keep the muppets in line. Anything derogatory they find in your e-mail you have written about banksters and you could end up in one of the places. After all the banksters have shares in these enterprises

[mccw]

thanks Churchill

but it worries me that he has become so despondent

You know what he talks about at 2 min in?

This is something I have thought for quite some time.

Those on govt assist will never bite the hand that feeds them.

System is beautifully broken

Do you mean when he talks about the “ Titan “ prisons?

I wonder if these will become the equivalent of the “ workhouse “ from the Charles Dickens era in England? ( WORKHOUSE. The word alone was calculated to send a shudder down the spine of any honest 19th century worker. It signified the end of the line, the final indignity. It said: Abandon hope, all ye who enter here.)

This should keep the muppets in line. Anything derogatory they find in your e-mail you have written about banksters and you could end up in one of the places. After all the banksters have shares in these enterprises

You think they need to pass a law for the global ruling elites to monitor what's in the emails of those attempting (dismally) to rise against them?

The only group who have to some degree play by the rule of law are the police and security services. + they can take a look anyway after a court order on each case- all this means is it will be retrospectively possible to see what those ordered against have been up to. There'd still need to be a good reason to take a look; like terrorism or organised crime. This is all a big song and dance about nothing. I thought government had key word type algorisms fishing through everything anyway for years already.

Prisoners for real heinous crimes like pedophilia and say 5 strikes for more minor violent things, should be sentenced to labour without parole out on an island in the north sea farming sheep making jumpers for poor kids or something at a minimum expense to the tax payer.

Benefits scroungers should be forced to work cleaning streets etc if they haven't found a job after a year or switch to vouchers only. No more cash hand outs.

I personally come in to contact with too many of these people looking for rooms. They choose their life. Plenty of jobs out there. Polish don't have a problem finding and holding jobs. Dimple fact is English are too f****ng lazy with an entitlement attitude like the state and society should pay them for all life and are actually pissed of about they're lot when really they are some of the most spoiled lucky shits in the whole world.

Yes the systems broken at both ends; with mounds of stupid rules and regulations in the middle stifling growth and opportunity for those who would like to make some business and try to sort themselves out.

I'd actually much prefer a Thai system in uk any day. More natural for sure. In uk elite can still do what ever they want anyway; just the rest of us have to deal with a mountain of ridiculas red tape run around.

[midas]

thanks Churchill

but it worries me that he has become so despondent

You know what he talks about at 2 min in?

This is something I have thought for quite some time.

Those on govt assist will never bite the hand that feeds them.

System is beautifully broken

Do you mean when he talks about the “ Titan “ prisons?

I wonder if these will become the equivalent of the “ workhouse “ from the Charles Dickens era in England? ( WORKHOUSE. The word alone was calculated to send a shudder down the spine of any honest 19th century worker. It signified the end of the line, the final indignity. It said: Abandon hope, all ye who enter here.)

This should keep the muppets in line. Anything derogatory they find in your e-mail you have written about banksters and you could end up in one of the places. After all the banksters have shares in these enterprises

You think they need to pass a law for the global ruling elites to monitor what's in the emails of those attempting (dismally) to rise against them?

The only group who have to some degree play by the rule of law are the police and security services. + they can take a look anyway after a court order on each case- all this means is it will be retrospectively possible to see what those ordered against have been up to. There'd still need to be a good reason to take a look; like terrorism or organised crime. This is all a big song and dance about nothing. I thought government had key word type algorisms fishing through everything anyway for years already.

Prisoners for real heinous crimes like pedophilia and say 5 strikes for more minor violent things, should be sentenced to labour without parole out on an island in the north sea farming sheep making jumpers for poor kids or something at a minimum expense to the tax payer.

Benefits scroungers should be forced to work cleaning streets etc if they haven't found a job after a year or switch to vouchers only. No more cash hand outs.

I personally come in to contact with too many of these people looking for rooms. They choose their life. Plenty of jobs out there. Polish don't have a problem finding and holding jobs. Dimple fact is English are too f****ng lazy with an entitlement attitude like the state and society should pay them for all life and are actually pissed of about they're lot when really they are some of the most spoiled lucky shits in the whole world.

Yes the systems broken at both ends; with mounds of stupid rules and regulations in the middle stifling growth and opportunity for those who would like to make some business and try to sort themselves out.

I'd actually much prefer a Thai system in uk any day. More natural for sure. In uk elite can still do what ever they want anyway; just the rest of us have to deal with a mountain of ridiculas red tape run around.

I think by then the Orwellian crowd would have figured out a way to make us all have

one of these and for the worst offenders it already has the ultimate punishment " built in "

http://www.naturalne...emote_kill.html

Edited April 9, 2012 by midas

[Naam]

Prisoners for real heinous crimes like pedophilia and say 5 strikes for more minor violent things, should be sentenced to labour without parole out on an island in the north sea farming sheep

poor sheep!

[midas]

Prisoners for real heinous crimes like pedophilia and say 5 strikes for more minor violent things, should be sentenced to labour without parole out on an island in the north sea farming sheep

poor sheep!

in your case Naam they will count to see if have made too many derogatory remarks in this forum about "those who cannot be named "

and if they decide to send you there to this island you would go without any thing-no carpets, no port, no cigars nothing

Edited April 9, 2012 by midas

[Naam]

in your case Naam they will count to see if have made too many derogatory remarks in this forum about "those who cannot be named "

and if they decide to send you there to this island you would go without any thing-no carpets, no port, no cigars nothing

an island without Port Midas? hopefully they don't find that other forum where i'm making since ~15 years real derogatory remarks about those who cannot be named even though a bunch of old and good friends who belong to that category post in that forum. but basically they have accepted my bad behaviour and present me with some goodies from abroad when they visit me. mostly goodies which they are not allowed to consume but... they consume them anyway.

once in a while a newcomer gets completely confused because quite often i post my derogatory remarks in the language of those who cannot be named

[mccw]

I think long term the rich will genetically manipulate their genes and children's genes so as to live. Longer more healthy and intelligent another level of human and the poor underclass will serve as just expendable labour. You can see by life expectancies this has already happened somewhat already, with those in richer counties living twice as long or more than those in the poorest. But over then next 20 - 50 years as the recoding of genes really takes off it will become more marked within not just global populations but between the exceptionally wealthy and general populations. Probably at the same time averages fall back as the welfare state systems unravel.

The Chinese I bet lead the way in this field; not hindered by the ethics arguments holding back science in the west. They're probably training up super intelligent genetically modified babies to be super scientists as we speak.

Think about the economic and societal implications of these new technologies. Many scenarios- Could be a glorious new era of prosperity for all or an even more extreme Orwellian nightmare. Probably somewhere in the middle.

Maybe, maybe not with some of those gps chips implanted- it would probably just come down to cost at the end of the day. Maybe starting off with security and government agencies to control their valuable assets - however it could just as easily be seen as a massive risk of course as well. Imagine to hack your enemies system and one key stroke wipe out an army or government or whole nation, ethnic group? Who ever was thinking of implanting such chips would have some serious risk assessment to do + who's making the chips and where were they produced! Did any one see code wars documentary? Chinese are directly implanting spy ware hidden in computers at the production stage.

[mccw]

Imagine what hundreds, thousands, of Einsteins could come up with.

A single generation and which ever country got on it first would dominate the world.

Nuclear fusion etc etc limitless possibilities.

I don't think it's if ; just when. I've got probably 50 to 80 + years left to live barring rotten luck, so I expect to live to see its beginning.

[mccw]

I think technology is the only answer to the peak everything inevitability and embrace it.

Until technologies save the day this stagflation and unraveling financial crises will continue from crises to crises to inflationary bubble to crises.

Either technology saves the world or it's a very savage place we're slowly headed

[midas]

I think technology is the only answer to the peak everything inevitability and embrace it.

Until technologies save the day this stagflation and unraveling financial crises will continue from crises to crises to inflationary bubble to crises.

Either technology saves the world or it's a very savage place we're slowly headed

but unfortunately technology will not address the very human trait of a very small number of people

who are exceedingly greedy for power over the masses.Edward Bernays who was Sigmund Freud's nephew

( http://en.wikipedia..../Edward_Bernays ) was extremely cynical about the stupidity of the masses

and he genuinely believed they are incapable of making decisions for themselves.

maybe he was right when you look at the way people have allowed themselves to be pushed around during the financial crisis

followed by all these totalitarian rules?

Edited April 9, 2012 by midas

[mccw]

I think technology is the only answer to the peak everything inevitability and embrace it.

Until technologies save the day this stagflation and unraveling financial crises will continue from crises to crises to inflationary bubble to crises.

Either technology saves the world or it's a very savage place we're slowly headed

but unfortunately technology will not address the very human trait of a very small number of people

who are exceedingly greedy for power over the masses.Edward Bernays who was Sigmund Freud's nephew

( http://en.wikipedia..../Edward_Bernays ) was extremely cynical about the stupidity of the masses

and he genuinely believed they are incapable of making decisions for themselves.

maybe he was right when you look at the way people have allowed themselves to be pushed around during the financial crisis

followed by all these totalitarian rules?

To be honest I'd have to agree that people generally are way too dumb. Democracy is just a front to subdue the masses and after revolution only see a new elite replace the old anyway. Appart from localised self sufficient communities I don't think it's possible to organise society with out elites and power structures forming. They will all ways be with us.

The question as I c it really is if we descend in to a kind of managed decline, where average population gets poorer and poorer as recourses become scarcer and inflation runs ever higher (real elites will be fine of course but lower and middle classes will suffer) or technologies like cheap limitless energy, factory "grown" meat and higher yielding strong plants can redress the balance and allow a new era of prosperity for lower and middle to flourish.

[midas]

how will it end this time around ?

" American International Group Inc. is planning to jump back into U.S. property investing, reversing yearslong efforts to downsize its real-estate business in the wake of its near-collapse and government bailout in 2008.

AIG until recently had been dismantling what was once a $24 billion real-estate portfolio packed with trophy properties around the world to help pay back U.S. government loans and keep the company afloat. Its investing has been limited primarily to a few European deals with a single partner.

But now AIG is beginning to make plans for fresh investments across the U.S. that will begin later this year."

http://online.wsj.com/article/SB10001424052702304587704577335963793848928.html

[Naam]

Captain! long range sensors detected a financial crisis.

shields up? red alert? battle stations?

[KeyserSoze01]

Here is a documentary on what some believe the future holds for the human species and the house of cards civilization we have created. If the pieces fall into place as described in the doco, financial crisis is merely the tip of the iceberg.

[midas]

Here is a documentary on what some believe the future holds for the human species and the house of cards civilization we have created. If the pieces fall into place as described in the doco, financial crisis is merely the tip of the iceberg.

this was good Keyser

and if as a species we don't even have the willpower to implement the basic necessary changes

to rectify the financial crisis itself ( as opposed to extend and pretend ) then there is Buckley's chance of making the

much much bigger sacrifices and changes to our lifestyles that will be needed to avoid some of the calamities mentioned in this film.

[midas]

I think technology is the only answer to the peak everything inevitability and embrace it.

Until technologies save the day this stagflation and unraveling financial crises will continue from crises to crises to inflationary bubble to crises.

Either technology saves the world or it's a very savage place we're slowly headed

mccw in the very thought-provoking documentaryKeyserSoze01 has posted ( #11364 )

there is an interesting person interviewed called Ran Prieur who should interest you.

he said this about technology on its own website which you may agree or disagree with

" Technology will change what it means to be human, but this will not create utopia -- as always, it will create bigger problems than it solves "

[Naam]

this was good Keyser

and if as a species we don't even have the willpower to implement the basic necessary changes

to rectify the financial crisis itself ( as opposed to extend and pretend ) then there is Buckley's chance of making the

much much bigger sacrifices and changes to our lifestyles that will be needed to avoid some of the calamities mentioned in this film.

should the sacrifices become unbearable you are always welcome in our home for snacks and drinks.

[midas]

this was good Keyser

and if as a species we don't even have the willpower to implement the basic necessary changes

to rectify the financial crisis itself ( as opposed to extend and pretend ) then there is Buckley's chance of making the

much much bigger sacrifices and changes to our lifestyles that will be needed to avoid some of the calamities mentioned in this film.

should the sacrifices become unbearable you are always welcome in our home for snacks and drinks.

do you mind if I post this generous invitation on the Occupy Wall Street website ?

[mccw]

I think technology is the only answer to the peak everything inevitability and embrace it.

Until technologies save the day this stagflation and unraveling financial crises will continue from crises to crises to inflationary bubble to crises.

Either technology saves the world or it's a very savage place we're slowly headed

mccw in the very thought-provoking documentaryKeyserSoze01 has posted ( #11364 )

there is an interesting person interviewed called Ran Prieur who should interest you.

he said this about technology on its own website which you may agree or disagree with

" Technology will change what it means to be human, but this will not create utopia -- as always, it will create bigger problems than it solves "

I don't think utopia, But evolution; so populations can continue to grow in a prosperous way and effects of climate change be adapted to. Of course there will be further problems later.

The live in total harmony with nature solution the hippy suggests is impossible with out a huge global population decline.

Maybe some psychotic hippy scientist right now is planning the release of a virus for just such effect.

Personally I like all the products and freedoms of this world and would prefer an evolution to the systemic collapse scenario but can see the end of the line in sight with out some major changes.

So I'm get ready best I can in case the worst

Are you ready?

[mccw]

Regarding the part of the film where they say we forgot we are just another animal and before that bla bla balance everything.

First my wife would say - its not technology that separates us from animals but our ability to reason and chose our actions and control our minds - karma - possibility of escaping cycle etc

To which I'd be tempted to say- you still seem to get good and nasty animals - but this is a different debate entirely with probably a bit of both being right who knows.

But mainly the point is he talks a lot about societal myths and things but then goes on to create a load of his own. For example people were not always in balance with nature completely before agriculture- there is evidence that as the hunter gathering humans spread across various regions most of the large predators died out shortly after; ie they were hunted to extinction. From cubs to spears etc technology slowly mak loi to super fast now is the difference , not that one day we just became heinous greedy creatures.

They all talk about the disconnect from nature but they're all sat in their offices living western lives using up plenty resources them selves. Like the guy said his own children are same like 207 or something in CO2 footprint.

As his own example proves :

Humans are humans

[mccw]

Maybe I'm creating my own myths also from the other side of propaganda

One things for sure though- I'd rather I didn't have to live through the collapse of civilisation