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枫下茶话 / 政治经济 / 别斗了,斗是两败俱伤。 笑到最后的是政客,军火商和银行家。咱们学瑞士,逗着玩去吧,天下无敌瑞士军人的军训就是逗着玩。
-go4nature(zeitgeist 时代精神);
2009-9-16
{730}
(#5551467@0)
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ZM: 美国金融危机周年 贪婪的华尔街变得更残忍
-go4nature(zeitgeist 时代精神);
2009-9-16
{2628}
(#5551508@0)
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How many more time US government can bail out these greedy financial institutes? "Too big to fail", so these organization make themselves even bigger in the last 12 months.
-hkchan(0);
2009-9-16
(#5551653@0)
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The systems, political, business, and law schools are training smart people how to cheat. e. g. US and other government subside farmers and auto makers to keep high food and car prices. Michael Jackson - They Don't Care About Us
-go4nature(zeitgeist 时代精神);
2009-9-16
{319}
(#5551752@0)
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"Just look at us. Everything is backwards; everything is upside down. ""Doctors destroy health,
lawyers destroy justice,
universities destroy knowledge,
governments destroy freedom,
the major media destroy information
and religions destroy spirituality"
~ Michael Ellner.
-go4nature(zeitgeist 时代精神);
2009-9-16
{215}
(#5551789@0)
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agree except the last one. Admire your knowledge.
-hkchan(0);
2009-9-16
(#5551800@0)
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(#5528155@0)
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5551815@0)
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this is exactly what moral hazard is about. The smarter you are, the more dangerous you are! I am not smart enough to design or even understand CDS. But someone can and he killed AIG and the global financail system.
-hkchan(0);
2009-9-16
(#5551811@0)
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"Belgian farmers dump milk in mass protest." The governments do not care about farmers, they only care about the price of milk.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5551832@0)
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My partner bought into insurance investment last year. He pay nothing down for 500,000 mutual fund but he has to pay 8% interests every month. This make him bankrupt. He sold his house and will move back to China.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5551869@0)
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Did I misunderstand you? What kind of insurance investment did your partner buy? 8% every month? He needed to pay $480K a year? What did he get in return? What insurance company sold it to him? Soo too many questions but I am very curious!
-hkchan(0);
2009-9-16
(#5551910@0)
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8% / year.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5551918@0)
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do you mind to describe the feature of such investment insurance product? what is it?
-hkchan(0);
2009-9-16
(#5552099@0)
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sorry, I can not. I do not care the detail.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5552148@0)
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this is fine but the key is I don't think the global financial crisis is over yet, a bigger one is just around the corner.
-hkchan(0);
2009-9-16
(#5552266@0)
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Agree!The banker made "The Panic of 1837". When Martin Van Buren took over the Presidency from his successor, Andrew Jackson, the nation's financial situation seemed to be going fairly well.
-go4nature(zeitgeist 时代精神);
2009-9-16
{1273}
(#5552310@0)
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"As a result of this policy, however, the value of paper money began to deflate rapidly, providing the opposite of the intended effect, leaving many holding nearly worthless money."
-go4nature(zeitgeist 时代精神);
2009-9-16
{4002}
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Warren Buffett says U.S. dollar 'worthless' if account deficit persists
-go4nature(zeitgeist 时代精神);
2009-9-16
{2835}
(#5552366@0)
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when regular people know that U.S. dollar 'worthless' the Monetary system will collapse.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5552416@0)
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I am not Warren Buffett but I am very worried that I have to take money from my saving account instead of putting money in it since I started my small business about a year ago. How long did US citiizens, enterprise and government start living on loan?They earn $100 and spend $1,000. You don't have to be an economist to understand this system would fail.
Look at Japan, they had their financial crisis 20 years ago and yet they still haven't recovered. And bear in mind, Japanese has the biggest saving in the world. US? They have the biggest loan in the world. How can they recover? You really have to find an economist to answer this question.
Mark my words, I think it is a mission impossible to see US recover in 20 years.
-hkchan(0);
2009-9-16
{490}
(#5552419@0)
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That is why we have to work together to build a system after the Monetary system will collapse.
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5552445@0)
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Please enlight me! They tried to build one after WWII. Can't remember the name but basically it was a system that required each country to control their spending. You couldn't print money unless your country have certain amount of gold.And other countries could take your money and asked you to give them gold.
Question time, guess what country broke the system and start printing money crazy?
-hkchan(0);
2009-9-16
{162}
(#5552461@0)
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It is called Bretton Woods system
-hkchan(0);
2009-9-16
(#5552466@0)
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Nixon Shock.
-hkchan(0);
2009-9-16
(#5552479@0)
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财产源于债务,债卷源于战争, 股票源于扩张。 #5450817@0)
-go4nature(zeitgeist 时代精神);
2009-9-16
(#5552580@0)
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"The Ascent of Money." (#5452533@0)
-go4nature(zeitgeist 时代精神);
2009-9-16
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