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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:42 AM Original message |
A Credit Crisis or a Collapsing Ponzi Scheme? The Two Trillion Dollar Black Hole |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:43 AM Response to Original message |
1. capitalism is a pyramid scheme |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:14 PM Response to Reply #1 |
8. Exactly. Here's how it was depicted graphically at the turn of last century... |
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goforit (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 01:34 PM Response to Reply #8 |
16. Love this poster!!! So very true. |
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goforit (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 01:30 PM Response to Reply #1 |
15. Prior to REAGAN, Capitalism had constraints. Reagan took those contraints |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 01:49 PM Response to Reply #15 |
17. Capitalism and the fractional reserve banking system are not the same thing. |
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goforit (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 01:55 PM Response to Reply #17 |
18. So true. It is my very own naivete to think these parasites would go to this xtreme |
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annabanana (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 06:43 AM Response to Reply #18 |
35. Alan Greenspan's naivete too, apparently.. |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:57 PM Response to Reply #15 |
26. there are two ways for capitalism to work |
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fed_up_mother (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:43 PM Response to Reply #1 |
23. Don't confuse the unregulated financial markets with capitalism |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:58 PM Response to Reply #23 |
27. pure capitalism is, by definition, unregulated. |
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fed_up_mother (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 06:12 PM Response to Reply #27 |
28. True, but for purposes of this board |
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Lyric (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 11:36 AM Response to Reply #23 |
45. "Onerous" taxation? |
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cliffordu (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:45 AM Response to Original message |
2. RE: 1-percent of the population owns 99-percent of the wealth. |
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Raster (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:13 PM Response to Reply #2 |
7. Proud member of the "Torch and Pitchfork" crowd! |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:18 PM Response to Reply #2 |
9. Excellent thought. We can only eat them once, so how about putting them to good use? |
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cliffordu (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:19 PM Response to Reply #9 |
10. Yep, or put them to work rebuiding the inner cities....with their hands. |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:49 AM Response to Original message |
3. That's exactly what it is. |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:27 PM Response to Reply #3 |
11. No. No surprise: I was on to his gangster ass from Day 1. |
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Joiwind (41 posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:51 AM Response to Original message |
4. I was wondering the same thing |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:32 PM Response to Reply #4 |
12. We may soon. UBS official indicted for helping move Richie Rich's money offshore... |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 04:32 PM Response to Reply #12 |
20. We must not ever forget that the perpetrators are on both sides of the isle. |
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AntiFascist (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:59 AM Response to Original message |
5. This is what deregulation brought us and trickle-down economics... |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:30 PM Response to Reply #5 |
32. Schumpeter in The Age of Turbulence |
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AntiFascist (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 01:28 AM Response to Reply #32 |
34. Wow, so Greenspan was a creative destructionist... |
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NorCalDem (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:03 PM Response to Original message |
6. OF COURSE it was a Ponzi scheme... |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Sat Nov-15-08 08:18 PM Response to Reply #6 |
40. Pope Leo XIII got it right! |
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formercia (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 12:51 PM Response to Original message |
13. It's more like 600 Trillion worth of hole. |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Sat Nov-15-08 08:47 PM Response to Reply #13 |
41. Phil Gramm, the Meyer Lansky of the War Party, cleared the way to Switzerland. |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 01:05 PM Response to Original message |
14. A few quotes om this from people that knew... |
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BelgianMadCow (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:50 PM Response to Reply #14 |
24. excellent addition to a great thread |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 06:26 PM Response to Reply #24 |
29. Thank you. I find it infuriating that we have been warned too many times to count |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 11:15 AM Response to Reply #14 |
43. Joseph Stiglitz has a better Bailout Plan |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 12:20 PM Response to Reply #43 |
47. It drives me crazy that these plans are getting no press at all. Even here on the site |
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BlueEyedSon (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 03:35 PM Response to Original message |
19. More like a Martingale Wagering System |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 11:33 AM Response to Reply #19 |
44. Wall Street and Washington’s wrecking crew aim to get the most expensive free lunch in US history. |
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judasdisney (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:26 PM Response to Original message |
21. Baloney. $1.14 QUADRILLION, not $2 Trillion |
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Octafish (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 11:54 AM Response to Reply #21 |
46. The Four Scenarios - Debt Deflation, Hyperinflation, Quadrillion Play and Muddle Through |
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leftchick (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:33 PM Response to Original message |
22. Man! Are we SCREWED or what??? |
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H2O Man (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 05:53 PM Response to Original message |
25. Nominated. |
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DemReadingDU (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 06:44 PM Response to Original message |
30. Thanks, good article |
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Joe Chi Minh (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 07:25 PM Response to Original message |
31. I was reminded of the clandestine part of the bail-out by this opening |
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DU GrovelBot (1000+ posts) Send PM | Profile | Ignore | Thu Nov-13-08 11:30 PM Response to Original message |
33. ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ## |
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FreeStateDemocrat (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 06:45 AM Response to Original message |
36. So far. |
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Norrin Radd (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 06:56 AM Response to Original message |
37. kr |
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tomp (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 08:52 AM Response to Original message |
38. saying this is what du predicted is a bit much. |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Fri Nov-14-08 08:54 AM Response to Original message |
39. arrrrrrg! 1-percent of the population owns 99-percent of the wealth |
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Karenina (1000+ posts) Send PM | Profile | Ignore | Sun Nov-16-08 05:01 AM Response to Reply #39 |
42. bttt! |
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DU AdBot (1000+ posts) | Sun Jun 16th 2024, 08:10 AM Response to Original message |
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