possibly insignificant news
#1
Posted 03 February 2007 - 10:39 PM
It's the illiquidity, stupid !
#2
Posted 03 February 2007 - 10:55 PM
It's the illiquidity, stupid !
#3
Posted 03 February 2007 - 11:28 PM
Yes, Metropolitan, a one bank branch and probably bad loans. It happens.A small bank failed somewhere in Pennsylvania:
Yes, Tightrope pointed this out already, Ecuador, a small socialist country with close ties to other radical socialist/communist countries like Venezuela. Means nothing really...95% of the population is poor and are stifled by dictators acting as presidents. GDP around zero as these same politicians force the people to work for their flamboyant arrogant life styles.A small country is on the verge of default:
Just another example have how socialism never works.
As far as the IMF is concerned, they'll never learn.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
Posted 04 February 2007 - 12:28 AM
Thats right.Just another example have how socialism never works.
Many things that governments try never work. For example, democracy never works.
Democracy corrupts free markets. Socialism is a natural outgrowth of democracy. When physical coercion is used to implement socialism, the poor steal from the rich.
When democracy is used a different brand of socialism results. The rich steal from the poor.
#5
Posted 04 February 2007 - 12:43 AM
#6
Posted 04 February 2007 - 12:56 AM
When democracy is used a different brand of socialism results. The rich steal from the poor.
I am in favor of this, then the other way around since it helps the economies become more efficient, I would tax the rich though for the same reason. I believe especially the smaller countries must keep a certain level of economic net under the society so that there is enough opportunity for everyone, it is an utopia, but at least you would not get any riots and everyone would get a chance and try hard to move up...
US is an exception for the capitalism model since it always enjoyed the cheap resources domestically to develop very diversely in its industrial structure and internationally by its military power later on. It would be very unrealistic to expect the small countries to follow the exact footprints of the US, these countries usually can not diversify their economies to become competetive enough internationally...
- kisa
#7
Posted 04 February 2007 - 03:03 AM
Yes, Tightrope pointed this out already, Ecuador, a small socialist country with close ties to other radical socialist/communist countries like Venezuela. Means nothing really...95% of the population is poor and are stifled by dictators acting as presidents. GDP around zero as these same politicians force the people to work for their flamboyant arrogant life styles.
Just another example have how socialism never works.
As far as the IMF is concerned, they'll never learn.
Fib
Seriously. EDUCATE yourself. I mean this nicely. The US created Ecuadors enslavement to debt to steal its resources. Its a fact.
Here, try John Perkins. You can't get better credentials.
http://video.google....n perkins&hl=en
watch the first three of the VFP conference. It will blow you away. No Joke. He discusses Ecuador at length somewhere amogst it.
#8
Posted 04 February 2007 - 09:12 AM
with out the rich you would have no poor.....without the poor you would have no rich.......without either you have socialism.......and a sewer......Thats right.Just another example have how socialism never works.
Many things that governments try never work. For example, democracy never works.
Democracy corrupts free markets. Socialism is a natural outgrowth of democracy. When physical coercion is used to implement socialism, the poor steal from the rich.
When democracy is used a different brand of socialism results. The rich steal from the poor.
#9
Posted 04 February 2007 - 10:00 AM
Why is it when someone has an opinion about something that goes against what someone believes to be the absolute truth that they are either uneducated about the facts, belittled. or are told to shut up?Seriously. EDUCATE yourself. I mean this nicely. The US created Ecuadors enslavement to debt to steal its resources. Its a fact.
Believe me when I tell you I have read both sides of any or all arguments, and more importantly, know the history that has led us to any or all current events. Human history has shown many atrocities towards many people. You and I can not change this. Nor can we live in the past. It is what it is. We can only work with what we have in the here and now and move forward.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#10
Posted 04 February 2007 - 12:58 PM
Believe me when I tell you I have read both sides of any or all arguments, and more importantly, know the history that has led us to any or all current events.
I have read some galactically foolish statements on this board, but this is the first time I've actually seen a poster claiming to be omniscient.
ROTFLMAO!