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#226 2010-05-13 08:58:04

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

People who think that politicians are better incentivized to protect them than bankers are going to have a hard wake up call one day.  Exhibit 1: Greece.

 

#227 2010-05-13 09:00:23

DapperDan
Member
Posts: 54

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#228 2010-05-13 09:01:17

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#229 2010-05-13 09:02:58

Big Tony
Member
Posts: 5478

Re: How Low will it Go? (Dow touched down to 7882 so far)


"What sort of post-apocalyptic deathscape is this?"
"I don't want to look like a cock hungry sailor after all !!!"
"When it comes to infidelity, broken families, and reckless fatherhood, the underclass are amateurs."

 

#230 2010-05-13 09:07:50

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#231 2010-05-13 09:26:38

Big Tony
Member
Posts: 5478

Re: How Low will it Go? (Dow touched down to 7882 so far)


"What sort of post-apocalyptic deathscape is this?"
"I don't want to look like a cock hungry sailor after all !!!"
"When it comes to infidelity, broken families, and reckless fatherhood, the underclass are amateurs."

 

#232 2010-05-13 09:41:45

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

Last edited by JDelage (2010-05-13 09:44:08)

 

#233 2010-05-13 09:47:33

DapperDan
Member
Posts: 54

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#234 2010-05-13 12:15:27

ckav
Member
Posts: 315

Re: How Low will it Go? (Dow touched down to 7882 so far)

I reached the end of my financial rope @ 2 years ago. I tied a knot and have been hanging on. Immigration northward is a worldwide phenomenon. It doesn't take a genius to see it's impact. But I wont play the blame game like a candidate for California governor. At least, not the one's we readilly notice. It's like arresting the prostitute and not  the john. Nothing is more disheartening than being turned away from work by a contractor ( truck sporting sticker ' make welfare as hard to get as a contractor's license' ) as he loads up on latinos. Revenge is watching the building slump and contractors fighting with their old employees to work for other contractors.
I no longer recognise the person on my resume. If I list my M.A. they think I'm in between National Geographic assignments. So I just list my two Associate degrees and make up a legend about why I didn't continue to a B.A. As to my baby boomer generation, yes it is self centered. I list my military service and more than once realise my prospective employer, or the professors 'teaching' me in university are still often enough professional students who stayed in university to avoid the draft and married and made babys when that ran it's course. People paid $300 to defer service in the Civil War and the Romney's multiple sons still find it inconvenient.
I need to declare Chapter 11. The irony is it costs $1800 to do right. I should have done it when I closed my 401K instead of paying off partial debts. The firearm collection is gone, the books, kachinas, vintage car and now my horses who paid their way until cowboy movies began filming in Canada and Australia to save money.
So, I filter the scams on Craigslist, the newspaper, Employment Development Department. Yes, we know you're wearing a nice suit and tie. But going through our mock job interview training is mandatory with miss 20 something bobblehead, and no your benefits ran out before the numbers hit the level for granting extensions. My part time job of 3 years just went to more 'casual labourers.' It cost him to much to pay me even when I agreed the commute to the jobs ( often 4 hours total) would be on my time and took a cut in pay.I hear one of them drove the truck with the brake on, melted the driveshaft which fell off on the 405 at 5P.M.
So I collect those beer bottles, sometimes indulge on the 6 number tax on stupidity and look in my closet imagining I own something still of interest on EBAY.
I still plan, if nothing else a minimal wardrobe of merit. Should wind up on the street, I want to distinquish myself from the chino and polo shirt clad former WAMU clerks who reflected their employer's philosphy of economic prickdom, even when they never had one.
I'm venting and apologise.

Last edited by ckav (2010-05-13 12:45:46)

 

#235 2010-05-13 13:03:09

4F Hepcat
THE Cat
Posts: 14333

Re: How Low will it Go? (Dow touched down to 7882 so far)

If its any consolation Ckav, we're all in the West going to see our wages and standards of living drop and academic degrees and years of studying will not save you from the ever increasing legions of unemployed. Easy oil ran out at the same time of the biggest Ponzi scheme of public and private debt.

The capitalist ideal of never ending growth will be challenged, unless we move from an oil based economy, its already taking place. And the double whammy for the West (with the exception of Germany), is that we have given the means of production away. Classical Marxist theory has a lot to say about the power of owning the means of production, those who own it, control everything. And yet, we have given it away and sold our children and grandchildren into drudgery. All very perplexing.

We ain't seen nothing yet, battern down the hatches, its going to get rough.


Vibe-Rations in Spectra-Sonic-Sound

 

#236 2010-05-13 13:24:46

ckav
Member
Posts: 315

Re: How Low will it Go? (Dow touched down to 7882 so far)

My standard was always at odds anyway. I don't think it igent false snobbery to say a season pass to the theater and musical season is of more intrinsic value than a roomfull of unfair trade made electronic Borg nightmare.
I am active on a similar forum devoted to wet shaving, a pursuit I returned to save money and improve my appearance in small part (and hope.)
A PRC vendor of shaving brushes, one who with little research is also  a counterfieter on EBAY of western brands continues to post his product breaking forum guidelines behind the smokescreen of poor english. And the fools buy his brushes and wax eloquent on the price, once they factor out excesive shipping. Meanwhile the american and english vendors who have supported and responded to this pursuit's growing demands and wants are pilloried for every lessoning of quality or service.
It's a fun pursuit, a small space and time of doing one thing right in my routine. Communism and capitalism in practise share more than that initial C. I only take solace in whoever hangs us with the rope Lenin mentioned buys it at Walmart.
It will probably snap on first use.

Last edited by ckav (2010-05-13 13:32:29)

 

#237 2010-05-13 23:15:59

shamrockmonkey
Member
From: chicago
Posts: 1418

Re: How Low will it Go? (Dow touched down to 7882 so far)


I brush my teeth with minty paste/I hate when Liquor goes to waste.

 

#238 2010-05-18 12:51:39

4F Hepcat
THE Cat
Posts: 14333

Re: How Low will it Go? (Dow touched down to 7882 so far)

Its all starting to look decidedly dodgy, a whiff of systemic collapse across the Western world. How long can the banks and nations play extend and pretend to ensure another round of bonuses? This largesse and legalised accounting fraud. How did we end up financially in the same position in debt as we were at the end of WWII, at least then we had Spitfires, a great Navy, a manufactuing base and had fought a world war against fascists.

Scary, baby, scary. No, really fucking scary.

That's why I'm drinking ultra rare whisky from a mothballed distillery and digging 'Trane's My Favourite Things.

When this myopia ends, and it will end, and the real situation is brought into focus, I wonder who will be hanged by the mob first, banker fraudsters, or politician con-artists? And who replace them, a military dictatorship? We shall find out soon enough.

More tea Vicar?


Vibe-Rations in Spectra-Sonic-Sound

 

#239 2010-05-18 13:37:22

Reckless Reggie
Member
Posts: 513

Re: How Low will it Go? (Dow touched down to 7882 so far)

Tea? only if it's vintage Darjeeling and no milk, thanks and, maybe, a dram of that Scotch to accompany it?
RR


I'm Reckless Reggie of the Regent Palace,
I'm in love with every gal;
I flirt with Maudie and I flirt with Alice,
I'm a real life Regent's pal.

 

#240 2010-05-19 06:15:48

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

The problem with democracy is that politicians have no incentive to do the right things.  They are paid a fairly small amounts (given their general level of expertise), so they have a huge incentive to indulge in some (generally legal) form of demagoguery / corruption.  Furthermore, they don't suffer or benefit from the long term consequences of their choices.

I'd like to see representatives paid in stock options on their country's overall market, vesting over 20 years, 1/20th a year, and worth $2M at grant, each year.  That would create a strong incentive for politicians to focus on the long term health of their country, rather than the short term benefit of their regional electorate.

 

#241 2010-05-19 08:31:10

Big Tony
Member
Posts: 5478

Re: How Low will it Go? (Dow touched down to 7882 so far)


"What sort of post-apocalyptic deathscape is this?"
"I don't want to look like a cock hungry sailor after all !!!"
"When it comes to infidelity, broken families, and reckless fatherhood, the underclass are amateurs."

 

#242 2010-05-19 09:04:28

Kingstonian
Member
From: sea to shining sea
Posts: 3205

Re: How Low will it Go? (Dow touched down to 7882 so far)

Last edited by Kingstonian (2010-05-19 10:04:15)

 

#243 2010-05-19 09:21:10

Big Tony
Member
Posts: 5478

Re: How Low will it Go? (Dow touched down to 7882 so far)

What bugs me is that the complainers don't have a solution other than to insert some kind of systemic mechanism that will magically make politicians "better". No, the solution is to get off your fat asses and get involved in the system and be a better polititican yourself than the douchebags you voted for. It's like someone who sits and home complaining how he never meets any women. Well he won't if he sits at home complaining. Also public service should be more than just an incentive based activity, some people really do want to do good things and not everyone is motivated by incentives. Ironically, those people are usually quiet anonymous people who are not successful so they are overlooked. I know our Frog friend (HOrace, is that you?) will chime in soon and say that only successful people should be in government, but then the measurements used to define success in life are not necessarily the measurements we should use to define public service. But I am ranting at a brick wall, I think.


"What sort of post-apocalyptic deathscape is this?"
"I don't want to look like a cock hungry sailor after all !!!"
"When it comes to infidelity, broken families, and reckless fatherhood, the underclass are amateurs."

 

#244 2010-05-19 09:46:39

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#245 2010-05-19 10:07:49

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

Oh, there's a very funny rap video on Keynes vs. Hayek which some of you might enjoy.  It's just a few minutes long:

http://econstories.tv/home.html

 

#246 2010-05-19 10:12:26

Kingstonian
Member
From: sea to shining sea
Posts: 3205

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#247 2010-05-19 10:30:51

JDelage
Member
From: Seattle, WA
Posts: 673

Re: How Low will it Go? (Dow touched down to 7882 so far)

Of course, though when push comes to shove, they're all happy to call themselves pragmatics (see Chamberlain as exhibit 1).

Note that most of those guys were independently wealthy, so somewhat isolated from temptation (although "incentives" go beyond the simply pecuniary - most "corrupt" politicians seek votes rather than cash).

The French political philosophy is completely desolate right now.  As for the Front National, I'll point that it's easiest to be true to one's principles when you are not elected (or likely to be).

Last edited by JDelage (2010-05-19 10:35:36)

 

#248 2010-05-19 10:53:27

formby
Member
From: Wiseacre
Posts: 8359

Re: How Low will it Go? (Dow touched down to 7882 so far)


"Dressing, like painting, should have a residual stability, plus punctuation and surprise." - Richard Merkin

Souvent me Souvient

 

#249 2010-05-19 11:17:24

Kingstonian
Member
From: sea to shining sea
Posts: 3205

Re: How Low will it Go? (Dow touched down to 7882 so far)

 

#250 2010-05-19 11:33:20

formby
Member
From: Wiseacre
Posts: 8359

Re: How Low will it Go? (Dow touched down to 7882 so far)

Last edited by formby (2010-05-19 11:38:13)


"Dressing, like painting, should have a residual stability, plus punctuation and surprise." - Richard Merkin

Souvent me Souvient

 

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