Stupid World

**mashman** · 21st July 2012, 12:02

House to vote on Fed audit bill on Tuesday

"The legislation proposed by Republican Representative Ron Paul, a long-time critic of the U.S. central bank and author of the book "End the Fed," has already gathered 274 co-sponsors, virtually guaranteeing passage."

This could get interesting...

**James Deuce** · 21st July 2012, 13:45

There's a bit of a stink starting up in the US because the normal cycle of the Government paying for stuff until people can afford to buy stuff again seems to be broken. US citizens haven't gone back to their old spending habits like they usually do. Maybe this is simply an economic experiment to see if the standard of living can equalised on a global basis and it didn't factor in economic units who can think for themselves.

**mashman** · 21st July 2012, 23:12

Originally Posted by James Deuce

There's a bit of a stink starting up in the US because the normal cycle of the Government paying for stuff until people can afford to buy stuff again seems to be broken. US citizens haven't gone back to their old spending habits like they usually do. Maybe this is simply an economic experiment to see if the standard of living can equalised on a global basis and it didn't factor in economic units who can think for themselves.

I dunno about the experiment side of things, but tin foil hat

. I would have thought the almost constant negative economic news, probably everyone knowing someone that has either lost their job or house or both, some have probably taken pay cuts and not had a pay rise in a few years, possibly people have sold shares that they had to cover bills and have something to hand in the bank for a rainy day and on and on and on probably has more to do with it, consolidating what they have... praps recessions are a testing of the water as you say. Was JFK the last one to try and get around the Fed?

**mashman** · 23rd July 2012, 13:59

Super rich hold $32 trillion in offshore havens...

Hey, they've earned it and it doesn't do anyone any harm

... why should the govt get their thieving little hands on it, they'll only use it to give to bludgers and subsidise those who are structuring their affairs to minimize their tax obligation whilst getting themselves into a position where they too can get a govt handout

... praps they'd like to buy a power company or 4, potentially an airline and iffen they're feeling real flush there's swathes of land just lying around waiting to be developed... the jobs they could generate and the money they could make bwaaaaa ha ha ha haaaaaaaaaa.

The trickle down affect: is isn't financial, it's the attitude of keep your filthy mits off of my cash. The sort of behaviour one would expect from a savage.

**Usarka** · 23rd July 2012, 14:10

Check out this advert if you haven't already.....

http://youtu.be/IKCJd1gKja8

**avgas** · 23rd July 2012, 15:39

Originally Posted by mashman

Super rich hold $32 trillion in offshore havens...

Hey, they've earned it and it doesn't do anyone any harm

... why should the govt get their thieving little hands on it, they'll only use it to give to bludgers and subsidise those who are structuring their affairs to minimize their tax obligation whilst getting themselves into a position where they too can get a govt handout

... praps they'd like to buy a power company or 4, potentially an airline and iffen they're feeling real flush there's swathes of land just lying around waiting to be developed... the jobs they could generate and the money they could make bwaaaaa ha ha ha haaaaaaaaaa.

The trickle down affect: is isn't financial, it's the attitude of keep your filthy mits off of my cash. The sort of behaviour one would expect from a savage.

Probably wouldn't see this happening if there was a cap as to how much tax you pay. Likewise I think you would see a decrease in crime if people had to work a little every day.
So seems both ends of the spectrum are wrong.

**mashman** · 23rd July 2012, 17:54

Originally Posted by Usarka

Check out this advert if you haven't already.....

http://youtu.be/IKCJd1gKja8

Heh, I saw a "doco" on Romney and his corporate raiding career served him well... but I'm sure he'll be a damned fine politician following in the footsteps of those excellent folk that have gone before him.

Originally Posted by avgas

Probably wouldn't see this happening if there was a cap as to how much tax you pay. Likewise I think you would see a decrease in crime if people had to work a little every day.
So seems both ends of the spectrum are wrong.

Oh i dunno about that. Put a cap on something and "they" will still use them thar loopholes available to pay as little tax as possible. That may not be the case for all, but I doubt it'd make as much of a difference as you think... and where would the govt get their money from for the roads etc...
Aye, very true. Although I'd rather have 32 trillion in the economy as it may have been used to provide a little work for those, that commit crime, who are at the other end of the scale.

**mashman** · 28th July 2012, 23:31

Germany, France pledge to protect euro

"The statement, made after a telephone conversation between the two leaders on Friday, came a day after Mario Draghi, president of the European Central Bank, told business leaders in London that the ECB would do "whatever it takes" to preserve the euro and raised expectations that he could step in to lower the high borrowing costs that are crippling countries like Spain and Italy."

"Merkel and Hollande underlined the need to "implement quickly" decisions made by a European Union summit last month.

Those decisions included allowing Europe's bailout fund - once a new, independent bank supervisor is set up - to give money directly to a country's banks, rather than via the government. Countries that pledge to implement reforms demanded by the European Union's executive Commission also would be able to tap rescue funds without having to go through the kind of tough austerity measures demanded of Greece, Portugal and Ireland."

Yer only 5 years too late guys. 7 or 8 years if you include the foreplay. They gave the banks in England a huge wedge of cash and most of it ended up on the stock market and didn't trickle down. Wonder why they think the banks of any other country will be any different? Still, there looks to be an end in sight for the madness and we can move into the next round of guess which bubble will cause the next one. Stupid stupid people believing that money is the answer to problems that were caused by money in the first place

.

**mashman** · 30th July 2012, 18:48

The shape of things to come... U.S. loves cops and firefighters - but not their pensions... no way in hell I'm voluntarily saving for a pension, not a chance! Live long and prosper

**mashman** · 6th August 2012, 23:10

Wall St sees Knight as software risk wake-up call

It's hard not to snigger at this one. An article about financial software glitches and the chaos they cause with fucked up word spacing.

"T rading firms, market makers, brokers, investment banks , and exchanges and other trading venues are linked in a n etwork o f co mplex co mputer systems that co mpete to execute trades as fast as possible. That competition, combined with the never-ending array of new rules, forces ma r ket participants to constantly improve their systems."

"Wall Street banks and brokers are poring over their trading systems and rethinking the way they test software"... hint for ya fellas. As long as the numbers going in equal the numbers coming out, she be sweet. Unfortunately, or fortunately if you're the contractor, that means manual QA to mitigate the gigo factor. The 80/20 rule isn't close enough.

Chances that testing will be undertaken properly: Co mputer sa ys n o.

**mashman** · 7th August 2012, 20:33

America’s Retirement System Is Failing Us: Economist...

fortunately the sky isn't falling as this lovely economist lady has the answer:

"People need to save a lot more," she says. "Social security is a base but it's not enough. I'm just advocating that people save more."

Now I'm laughing and laughing quite hard, it's an inner laugh, but it's making my sides hurt. Pensions have been a bust since the 80's and yet there are still people who think that the pension bubble can be avoided by saving more

. It's utterly tragic that those who study the economy still believe that growth is sustainable, that saving and not spending won't hurt the economy and that the buying power of the average joe will allow them to save 8 times their salary... but hey, they're the experts... even though they can't stop the world from hitting a recession every 15 - 20 years. Outfuckinstanding.

**mashman** · 7th August 2012, 20:35

Bank Hits Back Over Rogue Iran Deals Claim

Let's play pass the hot potato and divert the publics attention away from the fact that central banks cause recessions... in the meantime this one did throw up a bloody brilliant quite:

"It also alleges that the practice was sanctioned at the highest levels of Standard Chartered, quoting a bank director who said: "You f*****g Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians?""

**mashman** · 10th August 2012, 21:38

Austerity's Cost: Abandoned Children in Europe...

Fuckin wankerin fucktarded prick suckin money ignorant toss arsing fuckin CUNTS... some days I detest each and every person who holds power on this planet. Shame people vote these dickheads into power in the false belief that they are doing the best they can. This is but one shame of a weak minded pathetic race that calls itself civilised.

"Many factors contribute to children being separated from their families. Research shows that the primary factors are everyday conditions e.g., poverty, unemployed parents, low or lack of income, a lack of material resources, and poor living conditions."

So, lack of money, lack of money, lack of money, lack of money aaaaaaand lack of money. The problem couldn't be more fuckin obvious! The answer couldn't be more fuckin obvious! Gah... FAAAAAAAAAAAAAAAAAAAAAAAAAAAARK

**James Deuce** · 10th August 2012, 22:23

Originally Posted by mashman

Austerity's Cost: Abandoned Children in Europe...

FAAAAAAAAAAAAAAAAAAAAAAAAAAAARK

It is NO different to the '30s in Europe, or the early '20s in Germany. My grandfather was chucked out at age 14 (1933) and told to get a job because his parents couldn't go "into service" at the local manor with children in tow.

No one has the balls to call the current "crisis" a "Great Depression".

**mashman** · 10th August 2012, 23:40

Originally Posted by James Deuce

It is NO different to the '30s in Europe, or the early '20s in Germany. My grandfather was chucked out at age 14 (1933) and told to get a job because his parents couldn't go "into service" at the local manor with children in tow.

No one has the balls to call the current "crisis" a "Great Depression".

No doubt. Yet we still haven't learned that there is indeed enough for everyone

And erode confidence in the market