What Are You Doing Right Now? (200 Viewers)

[Zé Tahir]

I didnt even notice the sign behind

 

Buy on AliExpress.com

[ßöмßäяðîëя]

Wow, nice mugs they are.

 

[ßöмßäяðîëя]

Obviously not those. But what they do is not allow the market to correct itself, so they end up making the problem worse. Ever since 1913, their policies have caused greater disasters and they certainly are playing with fire right now. There is nothing wrong with markets correcting themselves -- all parts of the business cycle are healthy and needed.

I think the Austrian school of economics is the better way to go, not Mr. Keynes.

I'm just tired of people monday-morning-quarterbacking the situation.

I prefer the Danny G school of economics.

 

[Sadomin]

Obviously not those. But what they do is not allow the market to correct itself, so they end up making the problem worse. Ever since 1913, their policies have caused greater disasters and they certainly are playing with fire right now. There is nothing wrong with markets correcting themselves -- all parts of the business cycle are healthy and needed.

I think the Austrian school of economics is the better way to go, not Mr. Keynes.

Sure, the market will correct itself if the government doesn't interfere. At the expense of human life.

 

[Delle Alpi]

Buy a bike.

We get a very harsh long winter overhere in Canada

 

[Sadomin]

We get a very harsh long winter overhere in Canada

Pussies. We use our bicycles 365 days a year here in Sweden, and I don't think the winters are much better.

 

[Red]

We get a very harsh long winter overhere in Canada

Wimp.

 

[ßöмßäяðîëя]

We get a very harsh long winter overhere in Canada

Pussies. We use our bicycles 365 days a year here in Sweden, and I don't think the winters are much better.

BLOOM!

 

[Bjerknes]

I'm just tired of people monday-morning-quarterbacking the situation.

I prefer the Danny G school of economics.

It's not Monday-morning QB-ing when you're against the whole premise behind the institution itself and you're certain what they're doing will cause more problems.

Well, lets just put it this way. If you would have invested capital based on what Ben Bernanke has said over the past four years, you would have underperformed the entire market that has already lost 50% of its value. You'd probably be bankrupt over excessive real estate speculation which he encouraged until it was too late.

Sure, the market will correct itself if the government doesn't interfere. At the expense of human life.

That's not necessarily true. Governments around the world have been known to take human life as well, you know. But even if their intentions are good, they can still make problems worse through moral hazard, conflict of interests, and general idiocy when it comes to economics and the capital markets.

 

[Delle Alpi]

Wimp.

Pussies. We use our bicycles 365 days a year here in Sweden, and I don't think the winters are much better.

BLOOM!

The temperature usually go down to -30 oC.
Btw I walk alot in the winter, so i have no problem walking or taking the bus to the university since I live 5 min away from campus.

 

[Bjerknes]

Time to make some sausage and chicken kabobs on the barbie for dinner.

 

[Sadomin]

That's not necessarily true. Governments around the world have been known to take human life as well, you know. But even if their intentions are good, they can still make problems worse through moral hazard, conflict of interests, and general idiocy when it comes to economics and the capital markets.

Would you say that you have a bad government in the USA now?

 

[Bjerknes]

Would you say that you have a bad government in the USA now?

Absolutely.

 

[ßöмßäяðîëя]

It's not Monday-morning QB-ing when you're against the whole premise behind the institution itself and you're certain what they're doing will cause more problems.

Well, lets just put it this way. If you would have invested capital based on what Ben Bernanke has said over the past four years, you would have underperformed the entire market that has already lost 50% of its value. You'd probably be bankrupt over excessive real estate speculation which he encouraged until it was too late.

But I didn't invest, and it is MMQBin' because no matter what, it's just speculation. You can't with any semblance of certainty know exactly what would happen.

 

[ßöмßäяðîëя]

Would you say that you have a bad government in the USA now?

Define "bad".

 

[Bjerknes]

But I didn't invest, and it is MMQBin' because no matter what, it's just speculation. You can't with any semblance of certainty know exactly what would happen.

Peter Schiff wrote an entire book about it in 2006, nailed the meltdown dead-on. Similar situation with Marc Faber.

Nothing wrong with warning about policies that may create financial devastation. As I said, if we go by what the Fed tells us, we'll be in big trouble.

 

[Sadomin]

Absolutely.

No government is perfect, but I hope you appreciate what you have.

You don't like Obama's health care plan? Or you're strictly referring to the way they're handling the financial crisis?

 

[Bjerknes]

No government is perfect, but I hope you appreciate what you have.

You don't like Obama's health care plan? Or you're strictly referring to the way they're handling the financial crisis?

I don't know much about the health care plan; certainly something I need to read up on. But basically, Wall Street has hijacked Washington through the Obama Administration, with the American taxpayer being the loser in more ways than one. Obama is aiding and abetting financial terrorism aka mass looting from the general public for the benefit of a small group of people on Wall Street.

If you're interested, it's summed up brilliantly here.
http://market-ticker.denninger.net/archives/1317-DAMNIT,-STOP-THE-LOOTING-NOW!.html

 

[Sadomin]

Death to America.

 

[Bjerknes]

Death to the tyrants.