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[aaronjb]

I can assure you, nobody has eaten me in a .. wait, not what you meant.



I know what you mean, though, and I tend to think the same way.. I think I'm still going to stick my head in the sand, though!

[Dishevelled Den]

I've given up trying to figure it all out, so now I'm just going to become an ostrich (and stick my head firmly in the sand)..

It seems the doomsayers (sorry Cem, you always seem to fall into that category with your posts, for me - but you're nowhere near the most doom-y.. I know, that's not a word) tell us that the whole western economy will implode and take everything we know and love with it, leaving us with .. socialism, or communism, I suppose.

So.. I'm just going to hope it holds out long enough that I'm dead & buried by the time it implodes. If anyone wants my, I'll be over here with my head in mmmrrrfffmrfff*muffled*

Aaronjb, you are a clever man, and if you look to the problem in a simpler fashion you will find the thief 
 
and as for doom, its simple mathematics.. if someone stoles all the food on the table , the people in house will start to eat each other like the situation in EU

if someone stoles all the food on the table , the people in house will start to eat each other like the situation in EU

Sadly, the table is being prepared at the moment for that very banquet.

[cem_devecioglu]

I've given up trying to figure it all out, so now I'm just going to become an ostrich (and stick my head firmly in the sand)..

It seems the doomsayers (sorry Cem, you always seem to fall into that category with your posts, for me - but you're nowhere near the most doom-y.. I know, that's not a word) tell us that the whole western economy will implode and take everything we know and love with it, leaving us with .. socialism, or communism, I suppose.

So.. I'm just going to hope it holds out long enough that I'm dead & buried by the time it implodes. If anyone wants my, I'll be over here with my head in mmmrrrfffmrfff*muffled*

Aaronjb, you are a clever man, and if you look to the problem in a simpler fashion you will find the thief 
 
and as for doom, its simple mathematics.. if someone stoles all the food on the table , the people in house will start to eat each other like the situation in EU

if someone stoles all the food on the table , the people in house will start to eat each other like the situation in EU

Sadly, the table is being prepared at the moment for that very banquet.

this is for some , not for masses..

[cem_devecioglu]

I can assure you, nobody has eaten me in a .. wait, not what you meant.

 

I know what you mean, though, and I tend to think the same way.. I think I'm still going to stick my head in the sand, though!

well, thats another kind of politics

[Nickbat]

Yea...once I've seen a short cartoon about how the bank system is working. Have you ever known that neither of our countries have the right of money printing? This right is owned by a closed financial group all around western world and they can do anything they want.

And a cartoon it was. M2 money supply is controlled by governments. Here in the UK, Quantitative Easing is a direct mechanism by which more cash is injected into the system and was authorised by the government. It is precisely what you talk of: printing money. Only central banks print money. 

[cleggy]

Yea...once I've seen a short cartoon about how the bank system is working. Have you ever known that neither of our countries have the right of money printing? This right is owned by a closed financial group all around western world and they can do anything they want.

And a cartoon it was. M2 money supply is controlled by governments. Here in the UK, Quantitative Easing is a direct mechanism by which more cash is injected into the system and was authorised by the government. It is precisely what you talk of: printing money. Only central banks print money. 

Couldn't have happened if we had the Gold Standard,mind you a little bit of fidusary issue kept the pound rolling along

[Nickbat]

That is my point. Politicians (in theory) answer to the people and are doing the right things for their country. Money markets have little interest in anything other making money. There is a lot more at stake here than making a bit of money!

Germany- a strong economy. Really? Only while there are people in other countries that can afford to buy their goods. The Italians, Greeks and so on won't be buying much from them pretty soon. Then the French.............

No. Most politicians these days do what is good for themselves and their coterie. The markets are not faceless monsters. They are the aggregate of manifold financial institutions, many of which are looking after your pensions and savings. There is no one person, or one company looking after them. They react according to where they think they should place your money and expect a return.

There are many faults within modern banking systems but, at the end of the day, they MUST make a profit. After all, who in their right minds would give you an interest-free loan to buy your house/car etc. and meanwhile pay for all their staff, branches and cash machines. We must have banks. We can't hide cash under the pillow. There is an argument for a firewall between retail and capital banking, but that's another story.     

[Nickbat]

Yea...once I've seen a short cartoon about how the bank system is working. Have you ever known that neither of our countries have the right of money printing? This right is owned by a closed financial group all around western world and they can do anything they want.

And a cartoon it was. M2 money supply is controlled by governments. Here in the UK, Quantitative Easing is a direct mechanism by which more cash is injected into the system and was authorised by the government. It is precisely what you talk of: printing money. Only central banks print money. 

Couldn't have happened if we had the Gold Standard,mind you a little bit of fidusary issue kept the pound rolling along

Indeed, Cleggy. 

But sadly we can't turn the clock back. 

[Nickbat]

Ok but who rate these rating agencies? Their analysis and announcies are often full of nonsense!

No. In their ratings they merely factor in the likelihood of loans being repaid. There is no point in thinking that a bank, for example, is triple-A rated because someone with a vested interest tells you it is. You need a rating agency to let you know that it is holding junk debt and is a high-risk investment. 

[cem_devecioglu]

http://www.legalforensicauditors.com/2011/11/10/harvard-economics-students-walk-out-of-class-in-protest-for-professor-teaching-economics-in-a-manner-favorable-to-elitism-and-corporate-control/
 
 
 
http://www.npr.org/2011/11/03/141969009/economics-class-protests-perceived-bias

[Nickbat]

http://www.legalforensicauditors.com/2011/11/10/harvard-economics-students-walk-out-of-class-in-protest-for-professor-teaching-economics-in-a-manner-favorable-to-elitism-and-corporate-control/
 
 
 
http://www.npr.org/2011/11/03/141969009/economics-class-protests-perceived-bias

“Personally, I’m slightly uncomfortable receiving money in scholarships that come from a direct result of displacing people and depriving them of their lands and their livelihoods,” said Reed McConnell, a Harvard Freshman."

Huh?

Maybe when he is older he will understand the real world. 

[cem_devecioglu]

http://www.legalforensicauditors.com/2011/11/10/harvard-economics-students-walk-out-of-class-in-protest-for-professor-teaching-economics-in-a-manner-favorable-to-elitism-and-corporate-control/
 
 
 
http://www.npr.org/2011/11/03/141969009/economics-class-protests-perceived-bias

“Personally, I’m slightly uncomfortable receiving money in scholarships that come from a direct result of displacing people and depriving them of their lands and their livelihoods,” said Reed McConnell, a Harvard Freshman."

Huh?

Maybe when he is older he will understand the real world. 

come on Nickbat, even the children start to see the reality.. those old teachers telling all time porkies.. and the crysis (which belongs to capitalist system) is so real that no one want to hear stories  fairy tales any more
 
besides , those children from Harvard doesnt belong to the poor class ..

[Vamps]

That is my point. Politicians (in theory) answer to the people and are doing the right things for their country. Money markets have little interest in anything other making money. There is a lot more at stake here than making a bit of money!

Germany- a strong economy. Really? Only while there are people in other countries that can afford to buy their goods. The Italians, Greeks and so on won't be buying much from them pretty soon. Then the French.............

No. Most politicians these days do what is good for themselves and their coterie. The markets are not faceless monsters. They are the aggregate of manifold financial institutions, many of which are looking after your pensions and savings. There is no one person, or one company looking after them. They react according to where they think they should place your money and expect a return.

There are many faults within modern banking systems but, at the end of the day, they MUST make a profit. After all, who in their right minds would give you an interest-free loan to buy your house/car etc. and meanwhile pay for all their staff, branches and cash machines. We must have banks. We can't hide cash under the pillow. There is an argument for a firewall between retail and capital banking, but that's another story.     

SCS, DFS and numerous other furniture retailers........

[Nickbat]

http://www.legalforensicauditors.com/2011/11/10/harvard-economics-students-walk-out-of-class-in-protest-for-professor-teaching-economics-in-a-manner-favorable-to-elitism-and-corporate-control/
 
 
 
http://www.npr.org/2011/11/03/141969009/economics-class-protests-perceived-bias

“Personally, I’m slightly uncomfortable receiving money in scholarships that come from a direct result of displacing people and depriving them of their lands and their livelihoods,” said Reed McConnell, a Harvard Freshman."

Huh?

Maybe when he is older he will understand the real world. 

come on Nickbat, even the children start to see the reality.. those old teachers telling all time porkies.. and the crysis (which belongs to capitalist system) is so real that no one want to hear stories  fairy tales any more
 
besides , those children from Harvard doesnt belong to the poor class ..

A few kids walk out of a lecture...and probably wander off to McDonalds for a burger and fries.

Hardly a major event, Cem. 

[cem_devecioglu]

http://www.legalforensicauditors.com/2011/11/10/harvard-economics-students-walk-out-of-class-in-protest-for-professor-teaching-economics-in-a-manner-favorable-to-elitism-and-corporate-control/
 
 
 
http://www.npr.org/2011/11/03/141969009/economics-class-protests-perceived-bias

“Personally, I’m slightly uncomfortable receiving money in scholarships that come from a direct result of displacing people and depriving them of their lands and their livelihoods,” said Reed McConnell, a Harvard Freshman."

Huh?

Maybe when he is older he will understand the real world. 

come on Nickbat, even the children start to see the reality.. those old teachers telling all time porkies.. and the crysis (which belongs to capitalist system) is so real that no one want to hear stories  fairy tales any more
 
besides , those children from Harvard doesnt belong to the poor class ..

A few kids walk out of a lecture...and probably wander off to McDonalds for a burger and fries.

Hardly a major event, Cem. 

     another head in the sand event