Ferrari Mailing List: Re: Opinion - Rick's Failed Economy Comment

[Larry B (larrybard]

Yep.  As to energy, clearly we wouldn't be having these problems if big 
business, while it was controlling government, hadn't been able to suppress all 
that great technology that's out there, like the secret process that enables 
cars to run on water, and the inexpensive magnetic devices that double 
horsepower once easily affixed to engines.

 

And, similarly, as for the housing etc. mess, it's too bad we didn't have all 
those geniuses that evidently have been hiding in Congress and government 
agencies behind all the bureaucrats that sold out to the lobbyists, etc.  But 
now that we are evidently able to identify these wise and brilliant overseers 
and replace the incompetent ones who should have been regulating every bank and 
other financial institution, and all investors, deciding what is prudent and 
making every investment bullet proof and risk free for every idiot, we'll be in 
much better shape.  I feel better already now that there's a realistic proposal 
to save us from capitalism.
 

Date: Wed, 20 May 2009 08:31:38 -0700

+ Humans aren't addicted to oil. They're addicted to ENERGY.

Re: Thats true, yet its also true that the Energy company's have had undue 
influence through their lobbying power to maintain the status quo and the 
ability to control/limit the technology that makes new forms of energy 
available or more efficient. What made the US the greatest superpower was its 
innovation/industrial revolution what has been killing it has been the limiting 
of the innovation by these monopolies in our Capital system that have decided 
its more important to put money before country's well being. Globalization, 
selecting to export American jobs to communist China over investing in the 
creation of jobs through maintaining its leadership in innovation. Why, because 
big business controls government not the people. 

+ The failed economy wasn't caused by the banks or junk mortgages. 
It was caused by people buying a bunch of shit they couldn't afford.

Re: While partly true in that people lied on their applications to get these 
loans, on the other side the banks knew that they wern't good for the money but 
because they wanted their comission they took it in. Like Enron, Madoff, 
Stanford Financial, etc. it was all caused to a great degree by a lack of 
oversight and regulatory controls by the government thanks to many years of 
lobbying in Washington DC. If the government would have not sold out in the 
first place, they would have been able to put a stop to Wall Street's selling 
of ill-advised junk products before it reached catastrophic global proportions. 
So since the idiot massess and the greedy financial institutions perversed 
Capitalism to such a great extent we are now faced with Socialist mechanisms 
through bank and industry bailouts to fix what Capitalism run a muck was able 
to do. 

By the way, I worked in Investment Banking in Wall Street in the mid 1990s and 
have worked for many years in investigations, including financial fraud 
investigations in the US and abroad. 


Message: 4
Date: Tue, 19 May 2009 18:12:19 -0700 (PDT)
From: Rick Lindsay <rolindsay [at] yahoo.com>

Well put. 

+ Humans aren't addicted to oil. They're addicted to ENERGY.

+ The failed economy wasn't caused by the banks or junk mortgages. 
It was caused by people buying a bunch of shit they couldn't afford.

These are Great Truths of the Universe.