Have you ever watched the history channel about the fall of Rome and wondered what it must of been like? You're living in it now.
and a day later, the republicans will all be bemoaning the crappy economy and saying it's all Obama's fault, while the democrats will be saying everything's rosey
People who think that this is the same as every other economical cycle are kidding themselves. There are some similarities, but there are also some important differences. Europe has unified into a major power, and China and India are on the way up as well. They are enjoying new prosperity while the US dollar tanks and foreign companies buy up American companies for cheap.
We aren't seeing the end of the United States as a major power in the world, but we are definitely seeing the end of the US as the super power. These are the twilight years, people. The world isn't going to be looking to the United States for innovation, that's going to be coming out of countries where people actually grow up learning math and science in their schools.
We aren't seeing the end of the United States as a major power in the world, but we are definitely seeing the end of the US as the super power. These are the twilight years, people. The world isn't going to be looking to the United States for innovation, that's going to be coming out of countries where people actually grow up learning math and science in their schools.
Because "free markets" and libertopianism putting us back into the 1800's would work so damn well. Only an intellectual midget would think that free markets exist anywhere outside of a vacuum.
Hey, if you want to shovel shit at the local stable, be my guest. I prefer modern conveniences and what's still the best financial system in the world. Not to mention I like to keep our country competitive.
Things do need to change, such as paying off our debt. Yet your silly comparisons to the roman empire are ridiculous.
- Aug 23, 2003
- 25,375
- 142
- 116
Whatever floats your boat.Originally posted by: loki8481
and a day later, the republicans will all be bemoaning the crappy economy and saying it's all Obama's fault, while the democrats will be saying everything's rosey
There is no intention of paying off debt only parlaying it to a future date. There is only intention of increasing the size & scope of government. If you don't see it coming thats fine, I'm not here to teach you the similarities between the Roman Empire and the American Empire. The truth is we are on the downward slope of this once great nation. It will take a miracle for us to come out of it. The signs are already there. Over expansion of government, troops strewn out over the globe, perpetually mounting debt and the 800lbs guerrilla "entitlements" hanging like a guillotine over the stretched out neck of our country. I hope you stay well during the troubling times ahead.
What is your answer to it? The best brains in the country are going into making money in markets, the best are, in my opinion, far ahead of the regulators. How do we go? More regulators, better ones? How cal rules keep up. Regulations are passed by politicians who don't know anything.
Go read up on FAS 140, FIN 46, CFTC oversight, capital calculations, chinese walls between *ALL* trading and advisory and analytics. The list goes on an on and doesn't even require many regulators. It just requires Congress to be a bit more forward thinking and a lot less pro-business and "bought off". Then guess how I would change regulatory oversight.
Because having legions that take months to travel from one place to another is the same as troops that can be redeployed in a day. That's how stupid your comparison is, I don't even need to cover the remainder.
It's why you utterly fail at convincing anybody but your 5%'ers.
Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
Times are great right now. Sure housing is dead but other places there is tons of money to be made. Generally you can always make money - for example with your predictions you'd sell the market short and buy long contract on oil.. Hell if Dave did that for the two three years he's been predicting higher oil prices he'd be the richest man in the forums.
But I don't understand. If you say poor regulatory oversight then we've always had poor regulatory oversight. How come we had this bubble now and not when we had poor regulatory oversight, say, ten years ago?
I've wondered the same thing. Don't claim to have more that a cursory knowledge of this period. In fact, what are the dates, beginning and end, of the roman empire? Does one include the republic years?
Anyway, I get the feeling that it declined several times and then 'recovered' after a makeover. Religion was used quite often but only to keep people off balance. Sports analogies aren't always useful but I'd say we're in the 2nd or 3rd inning. I've heard several reasons for the final end: 1) unmitigated corruption, 2) inability to change with the times. Currently, 1) applies in spades with iraq but not so sure about 2)
I believe in the truism that history repeats itself with the caveat that it rarely repeats itself exactly the same.
It hasn't been all that long since the last banking scare (abuse). Remember the savings and loan fun? (curious how mccain has escaped scrutiny over the keating chicanery.)
This was about 20 years ago. Interesting, since 20 years is one of the time periods that people who analyze cycles discuss.
In general, these cycles aren't hard to comprehend. Lawmakers and regulators aren't stupid. There are tons of laws and rules to cover every conceivable situation. The enforcement just gets lax - and more lax - until something goes awry - and then there is 'strict' conformance for a while - until things start getting comfortable again - and the cycle begins anew.
Actually I think the good times are gone for good; the new crop of Democrats poised to take over will usher in an era of socialism. We will literally turn in to something like the old Soviet Union. We will grow weak, reliant on a government that cannot afford it, illegal immigration will continue undaunted, citizenship will get handed out like candy, and our military budget will go to pot.
In the meantime Europe will become Islamified, they will set their sights on one of the last bastions of freedom the Soviet states of America. However due to the foundations laid out by Democrats like Obama we will roll over and cater to every whim leaders of Islam direct our way until they become the leaders of the Former US themselves.
When this happens man will no longer know freedom just death or enslavement to the Muslim?s god.
I just hope when this happens they will at least remember how valiantly a President named G.W. Bush tried to stop it from happening.
I wasn't born yet.
But I did read about it. Afaik it was already a tightly regulated industry with thanks from our government. There was a cap on interest rates for savings and loans (wasn't it 5.5% for thrifts?). If your inflation rate is around 10% and there are ways to make more money than a 5.5% savings account and its illegal for the banks and thrifts to increase their rates then people are going to withdraw their money and put it where it won't loose as much value. This happened to be the money market accounts. Am I wrong?
Very true, if I had money to throw into the criminal market.
If I did and made millions or billions such as these criminals are I wouldn't be able to sleep.
I believe the problem was the leveraged buyouts and bad loans at the end of the gogo '80s and reagan era. Not surprisingly, yet another similarity to the current environment.Originally posted by: SleepWalkerX
I wasn't born yet.
But I did read about it. Afaik it was already a tightly regulated industry with thanks from our government. There was a cap on interest rates for savings and loans (wasn't it 5.5% for thrifts?). If your inflation rate is around 10% and there are ways to make more money than a 5.5% savings account and its illegal for the banks and thrifts to increase their rates then people are going to withdraw their money and put it where it won't loose as much value. This happened to be the money market accounts. Am I wrong?
Not so quick cowboy! Last time we rebounded it was because of new technology called IT or DOT.Com. What I foresee with this high energy prices is another shot in the arm for the US for we will again come up with a new technology that defeats the need for oil or at least minimize it. I'll say around 2010!
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 23K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter