I go to bed every night and dream of another recession

[pete376403]

wasnt goldman sachs one of the instututions that got a bailout?

Indeed it was - and then they promptly gave the execs huge bonuses.

[mashman]

wasnt goldman sachs one of the instututions that got a bailout?

Yes. But they paid it back ...

The White (Goldman Sachs) House

[Teflon]

wasnt goldman sachs one of the instututions that got a bailout?

sdjkfnhsdijkfnxjkfnsdkl

[Woodman]

is money real?

[Brian d marge]

said on many a thread, how to deal with this, yes the markets rule the world but only if you give it value, a piss head ( me ) would give more value to a pint of antifreeze , than shares in Wanamaker.com
my vege garden, and a move into aquaponics, paid of house and no debt what so ever and no desire for money, should reduce the biting winds of the economy
what boils my blood, is people who either through ignorance, or greed are prepared to standby, justify, regimes who promote inequality and poverty ... (aka American economics )
I will quite happily promote desent (s or c .....oh well ) and pull the trigger on any Gordon gecko ......

anyone who has been a courier in London, has seen the financial institutions at work and new Zealand economy is chicken feed .....

stephen

[mashman]

said on many a thread, how to deal with this, yes the markets rule the world but only if you give it value, a piss head ( me ) would give more value to a pint of antifreeze , than shares in Wanamaker.com
my vege garden, and a move into aquaponics, paid of house and no debt what so ever and no desire for money, should reduce the biting winds of the economy
what boils my blood, is people who either through ignorance, or greed are prepared to standby, justify, regimes who promote inequality and poverty ... (aka American economics )
I will quite happily promote desent (s or c .....oh well ) and pull the trigger on any Gordon gecko ......

anyone who has been a courier in London, has seen the financial institutions at work and new Zealand economy is chicken feed .....

stephen

Oh dear, my name's Gordon... hope I'm not a gecko.

[Vacquer0]

You seen this one Mash? Personally, I find it disturbing under any circumstances. Perhaps we have as peasants, moved from "closing my checking account in protest" to "torches and pitchforks" time.

Citibank Collection Agents Implicated In Debtor’s Death

http://www.credit.com/blog/2011/08/c...debtors-death/

[mashman]

You seen this one Mash? Personally, I find it disturbing under any circumstances. Perhaps we have as peasants, moved from "closing my checking account in protest" to "torches and pitchforks" time.

Citibank Collection Agents Implicated In Debtor’s Death

http://www.credit.com/blog/2011/08/c...debtors-death/

... poor guy... I see from the comments that that isn't the first time either. I gotta say I'd rather do the closing my account thing... torches and pitchforks is kinda final.

[rainman]

Heartless cunt or refreshing honesty? Your thoughts.

Doesn't have to be either or.

.. but as long as you're alright eh...

That's the essential problem - we've become less connected to a sense of belonging to a community and are more driven by individual or family unit concerns, fuck the rest. We are turning unto sociopaths.

A HUGE part of that reason is because money flows out of this country like a long term sufferer of Delhi belly. They are undeniable facts, not myths, not conspiracies, but FACTS. The govt acknowledges this.

Spot on. But it's alright, that nice Mr Key is going to sell a few more assets and it'll all be right. Oh wait...

Basically capitalism has to fail anyway. As machine automation continues to replace human labour (which it is doing at an ever increasing rate)...

We can either watch it go slowly and suffer with it as more lose their jobs and fall into poverty due to the imaginary money barrier, or make a conscious decision to unleash our technological capability and create a global abundance.

wasnt goldman sachs one of the instututions that got a bailout?

I took his comments to mean that the investor class (particularly the big investment banks like GS) were more powerful than our political institutions - which is true - and not that he was specifically talking GS. Although, NZ vs GS, they could just about buy the entire place out of petty cash.

is money real?

No more than anything else. But it's a pretty important proxy for real stuff for most people.

said on many a thread, how to deal with this, yes the markets rule the world but only if you give it value...

my vege garden, and a move into aquaponics, paid of house and no debt what so ever and no desire for money, should reduce the biting winds of the economy

That's the cure right there - the only solution to this is to move yourself, your family and your community away from the normal state of indentured servitude we all live under as western consumer droids. Real freedom comes from growing/hunting/foraging your own food, trading your surplus, building solid social capital - not from being a cubicle slave and buying a flash house, a 65 inch telly and a grouse V8 on tick.

BTW, it's "dissent" you're looking for, I think.

[Brett]

Screw that. I am focussing on a hybrid of making wealth/becoming more sustainable. Killing off our debt (mostly our mortgage), making ourselves more sustainable at home (have enough land to really produce whatever we should need to eat) but then also looking at some serious money making avenues. I want my cake, and I want to eat it too. I am not afraid to say that I want the luxuries and freedoms that having wealth can bring.

[mashman]

Screw that. I am focussing on a hybrid of making wealth/becoming more sustainable. Killing off our debt (mostly our mortgage), making ourselves more sustainable at home (have enough land to really produce whatever we should need to eat) but then also looking at some serious money making avenues. I want my cake, and I want to eat it too. I am not afraid to say that I want the luxuries and freedoms that having wealth can bring.

Wouldn't you be able to have the same things without financial wealth?

[Big Dave]

Wouldn't you be able to have the same things without financial wealth?

The Communism thing worked out real well too, hey.

[mashman]

The Communism thing worked out real well too, hey.

they did it wrong

[YellowDog]

Apparental it was a HOAX:

http://www.telegraph.co.uk/finance/e...-a-trader.html

Having traded in said market for around 7 years, on an amature basis, buying and selling on action derived sentiment plus rumours; and of course some factual Level 2 pricing where I could sit on the back of the GS type traders: Fortunately I recovered from this serious illness and got the hell out of it (almost completely).

So IMO there is some factual truth in the scenario being presented however the interview was given to create negative sentiment and provide some opportunities to greedy people to make larger amounts of money.

The capitalist system won't fail. It is not in anyone's interests for it to do so. The present level of crap is showing that some are better at managing debt than others. NZ has miniscule financial problems compared with Europe and the USA. The countries that are failing at managing debt are being educated in how to play the same game as the others. Obviously the collateral damage is that some will go hungry.

The USA is not a good place to be poor. AND don't they know it: http://www.bbc.co.uk/news/world-us-canada-15140671

[racefactory]

Wouldn't you be able to have the same things without financial wealth?

Indeed anyone can. It's just corporations through marketing creating false needs. Amazing how malleable the human mind can be.