Ahhh Captalism

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  • Kann
    Kann Posts: 1,146
    The problem is that with the ussr's and the general communism downfall we (I mean we as occidental societies) just rejected the idea of socialism altogether.

    While we embraced capitalism we kept giving socialism a bad name due to the failure of so called communist countries. As a result we practise a ridiculously dangerous economical system which cares not for the fact that the world has limited ressources and that we cannot consume ad infinitume (which is the basis in a capitalist economy) or trivial things like that. And we do this without any debate whatsoever because the other economical and/or political systems failed.
    Social darwinism is still a vague idea but the further we go the closer we get to it and I think it's one of the reasons why our system is that dangerous.

    (And no, Tony Blair or other european socialists do not practise socialism, barely a watered down version of capitalism to please the masses from time to time.)
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    Dude you crack me up, i'm not convinced you really know what your talking about. In the markets as a whole that is.
    really? whys that? I keep asking if anyone knows what short selling is. apparently you dont either. short selling is a bet against the market from going up.
    spiral out wrote:
    You seem to think everything is rosy, but from what i have read from other people in the money business they are not so convinced there won't be a crash. And if banks are saying panic then i think it would be naive to think things couldn't get worse.
    you really dont read my posts do you. I have said many times the market is going to be volatile with big swings in the near term. the market will correct itself from the credit problems. you probably dont know what a market correction is either.

    http://www.investorwords.com/1142/correction.html
  • jlew24asu
    jlew24asu Posts: 10,118
    JamMastaE wrote:
    OK oh guru of finance,we'll see how fucking smart you are when your dollar is worth less than a peso.
    please read.
    http://www.chicagofed.org/consumer_information/strong_dollar_weak_dollar.cfm
    JamMastaE wrote:
    and why aren't you rich if you know the market so well?
    I am doing very well.
  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:
    really? whys that? I keep asking if anyone knows what short selling is. apparently you dont either. short selling is a bet against the market from going up.

    Not really sure what knowing about short selling has got to do with understanding the markets as a whole, which i still don't think you do.

    And like i said i like your optimism, but i don't see it echoed so comfortably by other people who work in the money industry.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    Not really sure what knowing about short selling has got to do with understanding the markets as a whole, which i still don't think you do.
    again, how so? or you just simply like to insult me so you can feel better about yourself. trust me, I work in the financial industry and trade dow jones futures contracts on the side. I know a thing or two.
    spiral out wrote:
    And like i said i like your optimism, but i don't see it echoed so comfortably by other people who work in the money industry.
    obviously you dont follow what people in the "money industry" (whatever that is) are saying.

    http://www.cnbc.com/id/20304874/site/14081545/ this is one example. there are many others. the market is in a state of uncertainty. Opinions are mixed but for the most part, the markets can overcome the current credit problems. much like they did when the market "corrected" itself in 2000. rememeber that? 7 years later, after steady growth, the market hit new all time highs.

    you just really get a hard on to see america fail, so everytime roland says the market is going to crash, you suck it up. do you own research, maybe you'll find a better understanding of what is going on.
  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:
    obviously you dont follow what people in the "money industry" (whatever that is) are saying.

    Again i will say people who work in actual banks not just some news website that you keep linking too. So surely if you are in the business you say you are you would have inside info. But so far everything you have said has been from a news website. So excuse me for really not taking what you say to be gospel.
    jlew24asu wrote:
    you just really get a hard on to see america fail, so everytime roland says the market is going to crash, you suck it up. do you own research, maybe you'll find a better understanding of what is going on.

    You really have a narrow world view if you think America is the only one affected, see i talk global you talk America, i hate to break it to you buddy but there are other countries in the stock market not just America. Hell NEWSFLASH you know what there are other countries in the world.

    And if you would like to cast your mind back a couple of months, i mentioned some things about your economy, due to my reading up on things affecting the UK interest rate and house prices and you were quite sure america was the stongest it has ever been. Now i don't really see what roland has do with it. Maybe you would like to elaborate.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    Again i will say people who work in actual banks not just some news website that you keep linking too. So surely if you are in the business you say you are you would have inside info. But so far everything you have said has been from a news website. So excuse me for really not taking what you say to be gospel.
    haha "actual people in banks" thats just too funny. so you have a teller friend who knows all huh?

    the links I post are interviews with financial professionals. I posted a link from the chicago federal reserve, investor tools, (these are not news websites) and CNBC, which is a news website but did you know they spend ALL day talking about the markets, and NOTHING else. how can they not be creditable? they know alot more then your teller friend.

    do you realize how dumb you sound? trust me, I own you on this topic. I dont give a fuck who you know.
    spiral out wrote:
    You really have a narrow world view if you think America is the only one affected, see i talk global you talk America, i hate to break it to you buddy but there are other countries in the stock market not just America. Hell NEWSFLASH you know what there are other countries in the world.

    And if you would like to cast your mind back a couple of months, i mentioned some things about your economy, due to my reading up on things affecting the UK interest rate and house prices and you were quite sure america was the stongest it has ever been. Now i don't really see what roland has do with it. Maybe you would like to elaborate.


    yea yea I know. I have no idea about the rest of the world.
  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:

    trust me, I own you on this topic. I dont give a fuck who you know.

    Lol thats nice, but i still don't think you know to much. And you still haven't shown that you do.

    Oh and i don't know any bank tellers but thanks for the assumption.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    Lol thats nice, but i still don't think you know to much. And you still haven't shown that you do.
    we both know thats not true. you just wont give credit where credit is do because you dont like me personally.
    spiral out wrote:
    Oh and i don't know any bank tellers but thanks for the assumption.
    so you dont see how dumb you sound?

    you know "actual people in banks"? feel free to elaborate at any time.
  • gue_barium
    gue_barium Posts: 5,515
    Wall Street is Evil.
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • jlew24asu
    jlew24asu Posts: 10,118
    gue_barium wrote:
    Wall Street is Evil.

    evil to some I guess. sure has made me a happy guy.
  • gue_barium
    gue_barium Posts: 5,515
    jlew24asu wrote:
    evil to some I guess. sure has made me a happy guy.

    I've never heard of a girl named Wall.


    wait, wait, wait....

    I promised I wouldn't do that anymore.

    Carry on.

    Happiness is good.
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • spiral out
    spiral out Posts: 1,052
    jlew24asu wrote:
    we both know thats not true. you just wont give credit where credit is do because you dont like me personally.

    I gave you credit i like your photography. Doesn't mean i have to think you know everything about the markets.

    jlew24asu wrote:
    you know "actual people in banks"? feel free to elaborate at any time.

    Do you ever notice than when you post your point of view, you place the burden of prove onto someone else. Where as you feel that you have no reason to offer up any proof to back up what you say.
    Keep on rockin in the free world!!!!

    The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
  • jlew24asu
    jlew24asu Posts: 10,118
    spiral out wrote:
    I gave you credit i like your photography. Doesn't mean i have to think you know everything about the markets.
    thanks spiral I appreciate that.

    spiral out wrote:
    Do you ever notice than when you post your point of view, you place the burden of prove onto someone else. Where as you feel that you have no reason to offer up any proof to back up what you say.
    I have backed up my claims on this particular subject with personal (daily) experience and several information websites. you, however, have only said you know people in banks.
  • mickeyrat
    mickeyrat Posts: 44,408
    final nail?

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