you assume alot about the 'crowd' .
Occupy Wall Street: Not on major media but worth watching!
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Considering that economic services were a large part of gdp during the boom (one of the problems with the us econ), you DO need to lend money to the feds or borrow from them.
I have run my own businesses for over almost 20 years, so you don't have to tell me about what it takes to do it. Trust me, I am FORTUANTE and thankful to ever be in a positoin to do it. Your idealism and naivite regarding the matter soudsn to me like regurgitation of talk radio.
experience is the best teacher, so yes, I'm in a way better position to make these kind of judgements than you are. there's no doubt in my mind about this, specially when I see your examples of "poor children without a choice".
children are born everyday to irresponsible people, who have sex without any sort of thought about the consequences; just want to fuck and who gives a fuck about what happens next? shit, I lived for a year in the biggest shanty town in the world, saw it every fucking day, don't tell me people had no other choice.
don't tell me people cannot work a field that is already fertile and that is surrounded by clean accesible water. don't tell me they cannot get seeds or go fishing or take care of livestock. shit, I've seen it and lived it.
the only places I know of that people are really getting fucked by the goverment is cuba, venezuela and some middle-east countries like iran and syria.
but in the u.s.a, these people are protesting why? I've lived in the u.s.a for several years in the 90s, I've been around and seen a lot of shit, and don't even ask me where am I now lol...
how many friend's do I have that started sucessful farms producing fruits, dairies and meat? started with one fucking cow too. and now the goverment has taken it away from them for being "olygarcs" fuck that word and any idiot who uses it.
^ his third world education is showing there. that's for sure.
lol. he set me up. i had tooo
lol. he set me up. i had tooo
IMO, one opinion on tax rates amounts to very little for the middle class. Couple it with a president in favor of raising taxes on the top 2% and it becomes part of public support.
Multiple polls show Americans in favor of raising the top rate. These polls run as high as +80%.
My post doesn't absolve Buffet from being a swindler. But if Buffet's a swindler, what does that say about US investment managers as a whole? What does it say about a capitalist system that allows Buffet to profit from swindle?
You assume your experience is a better teacher than others experience is what you mean to say, correct?
No one denies that this happens. Just like rich kids that didnt have to do much to get what they have. There are people with opportunities that do not take advantage of them.
You need to read more about economics and finance then. Do not rely soly on your limited experience.
There are many reasons why people would protest. You seem to think that they are all just lazy. Everybody has there own set of experiences. Yours are not special. Neither are mine. That is why it is good to exchange in a reasonable way.
Not sure i get the whole gist here other than fuck me, the idiot, for using a word deemed unworthy by you. I'm glad we had this little discussion because your true thoughts have shined through.
To me, its just another example of how a system gets corrupted to favor those willing to use dubious means. Many of these investment managers, etc are indeed crooks just like buffet.
Some people, (not saying you), think that somehow investment managers with shining pedigrees, are somehow smarter, more legit than other people. My experience has been just the opposite. In fact, the higher up in stakes you get, the more crooked . The indoctrination of this belief is systematic, and arguably intentional.
and one of the benefits of this kind of worlwide unrest is that it brings these issues to the forefront of dicusssion, even though, as we see, the discussion can quickly degrade into sophmoric shit slinging.
When you are done can the adults go back to having a substantive conversation?
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Interesting you previously expressed others 'assumption' as reality. It appears you're making several.
No risk of that here. You freely express your opinion as opposed to talking around it. I admire that. I especially admire that as a businessman you appear to be objective toward the protests.
would 'which ones' be the point?
yo bombadil you just proved you have no fucking idea about the world. my sister lived in tanzania for a year, working as a teacher at a school which doubled as an orphanage. yea most of the schools in tanzania are also orphanges, because everybodies fucking parents are dead. dude, you really have no idea bout what you are talking about, zor hit it on the head.
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2007 -161 billion
2011 - 1.2 Trillion
Yeah, let's raise taxes, that's the only answer.
2011 - 1.2 Trillion
Yeah, let's raise taxes, that's the only answer.
I think the article in the link from USA today highlights what many of the students are protesting in OWS as far student loans. I don't agree with the way they articulate the situation, but I understand why they are angry.
Their student loans have become a massive credit bubble for the last decade+. You graduate college with a mortgage sized non-dischargable debt in a structurally unsound economy. Because they are starting out so young in so much debt they spend less, delay when they buy a house etc. This drags down the economy more thus less jobs and so forth until the bubble pops. As one professor put it, it makes for a "generation of wage slaves." I don't that's being hyperbolic at all. It's the wonders of fiat money and 0% interest rates.
Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout
Their student loans have become a massive credit bubble for the last decade+. You graduate college with a mortgage sized non-dischargable debt in a structurally unsound economy. Because they are starting out so young in so much debt they spend less, delay when they buy a house etc. This drags down the economy more thus less jobs and so forth until the bubble pops. As one professor put it, it makes for a "generation of wage slaves." I don't that's being hyperbolic at all. It's the wonders of fiat money and 0% interest rates.
Student Loan Bubble To Exceed $1 Trillion: "It's Going To Create A Generation Of Wage Slavery" And Another Taxpayer Bailout
While one of the biggest complaints of #OccupyWallStreet protesters, and much of the balance of middle-class America, continues to be the burden of student loans, the paradox is that, as the USA Today reports once again on one of its favorite subjects, student loans are set to surpass $1 trillion in total notional for the first time in history on what appears to be relentless demand and interest for this cheap form of educational financing, making this debt burden the single largest form of consumer debt, well bigger than outstanding credit card debt, and smaller only compared to mortgage debt. "The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year. Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York. Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports. Total outstanding debt has doubled in the past five years — a sharp contrast to consumers reducing what's owed on home loans and credit cards." What explains this insatiable demand for this kind of debt? Well, it's cheap, it's easily accessible (the collateral is education), and it is fungible - a student can take out a loan, yet use part or all of the balance for tangential purchases (that iPhone 4S sure would make me cool). But this, like every other debt, comes at a price.
Folks, let your on the spot reporter fill ya in on the skinny. This is the coolest organic process I have ever witnessed. General assemblies are orderly, fair, crazy fresh shit I am telling you chaps. Smart dedicated people of all ages. completely democratic, non violent, yet some are comitted to be arrested to prove a point.
I don't know where this boat is going, but it sure feels like revolution, I like it. I am supporting the Occupy movement, and suggest y'all read up, this deal is evolving daly.
Anybody else get invited to a sleepover with college girls tonight?
H
I don't know where this boat is going, but it sure feels like revolution, I like it. I am supporting the Occupy movement, and suggest y'all read up, this deal is evolving daly.
Anybody else get invited to a sleepover with college girls tonight?
H
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