Ever hear of Socialism? That's where 97% of the pop would be crushed by a rock.
I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
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DriveInDriveOut
Inordinately Right
If you feed the poor, you're a saint.
If you ask why they're poor, you're a communist.
- Dorothy Day
If you ask why they're poor, you're a communist.
- Dorothy Day
Operational needs
Virescit Vulnere Virtus
You’re so funny.
Back in the day waving palm fronds got tiresome.
1989
Well-Known Member
what capitalism has in common with slavery and government socialism is a lack of worker self determination
El Correcto
god is dead
If you decide to seize people’s private property to enable the dumdums then your are a communist.
DriveInDriveOut
Inordinately Right
Cool story bro.
El Correcto
god is dead
Not my fault you quote dum dums.
DriveInDriveOut
Inordinately Right
Says the guy who doesn't even know what communism is....
She'll most likely be a saint soon, but ya, you got it all figured out lol.
El Correcto
god is dead
Commies can’t be saints ttku.
DriveInDriveOut
Inordinately Right
How's your quarter life crisis going?
Your decide what you want to be when you grow up yet?
El Correcto
god is dead
Yes, I’m getting into power lifting. I’m going to be a porn star.
DriveInDriveOut
Inordinately Right
Bottom or top?
El Correcto
god is dead
You should go to the club if you trying to quench your thirsty curiousity.
1989
Well-Known Member
In a 2016 survey by the Fed, 28 percentof working-age adults said they had no retirement savings whatsoever.
The racial wealth gap, already large, ballooned.
Whites: $171k
Hispanics: $20.7k
African-Americans: $17.6k
63 percent of Americans say they don’t have enough money in savings to cover a $500 health-care expense.
...
I think we’ve improved the system on the margin. There are higher capital requirements, there’s better bank liquidity, less reliance on short-term financing, less reliance on debt among the regulated banks. Those are all positive things. But the financial system we have is still basically the financial system we had in 2008, with more capital and less reliance on short-term funding, so whether it’s enough? I hope it is.
I wish we had more Republicans who would stand up to these cronies who want the government bailouts. I think a lot of people still want that on Wall Street — it’s secretly what they want. They think it’s the government’s obligation to keep them afloat. I’m a capitalist, and I’d rather have the state own them than have that system.
It’s very frustrating. It’s just stupid economics. Set the morality aside; it’s just dumb economics to have a system like this where you’re propping up inefficient, bloated institutions. So there are good economic reasons to not have the system we had in 2008, and whether we’ve gotten rid of it or not I don’t know.
We Are Still Living in the Ruins of the 2008 Crash
The racial wealth gap, already large, ballooned.
Whites: $171k
Hispanics: $20.7k
African-Americans: $17.6k
63 percent of Americans say they don’t have enough money in savings to cover a $500 health-care expense.
...
I think we’ve improved the system on the margin. There are higher capital requirements, there’s better bank liquidity, less reliance on short-term financing, less reliance on debt among the regulated banks. Those are all positive things. But the financial system we have is still basically the financial system we had in 2008, with more capital and less reliance on short-term funding, so whether it’s enough? I hope it is.
I wish we had more Republicans who would stand up to these cronies who want the government bailouts. I think a lot of people still want that on Wall Street — it’s secretly what they want. They think it’s the government’s obligation to keep them afloat. I’m a capitalist, and I’d rather have the state own them than have that system.
It’s very frustrating. It’s just stupid economics. Set the morality aside; it’s just dumb economics to have a system like this where you’re propping up inefficient, bloated institutions. So there are good economic reasons to not have the system we had in 2008, and whether we’ve gotten rid of it or not I don’t know.
We Are Still Living in the Ruins of the 2008 Crash
And in fact the Japanese, early in their crisis, they said the biggest mistake we made was not writing down the bad loans in the banking system. Don’t repeat our mistake.
And we did this in a more indirect manner by having the Fed engineer these super-low interest rates that were a transfer from savers to the financial system. Economist Ed Kane said that basically savers lost $300 billion in income a year. So that reduction of income right there, you see today. There’s a Wall Street Journal story about how pension funds are in crisis. There’s not a single mention of the fact that the zero-interest-rate policies are the reason why the pensions are in distress. All retirees and long-term savers, life insurance, they’re all in the same boat. It used to be that if you were a saver or an asset holder, you could get a decent positive return doing something not crazy. And the Fed took that away. The big reason the pensions are in crisis is because the way we dealt with the crisis.
And we did this in a more indirect manner by having the Fed engineer these super-low interest rates that were a transfer from savers to the financial system. Economist Ed Kane said that basically savers lost $300 billion in income a year. So that reduction of income right there, you see today. There’s a Wall Street Journal story about how pension funds are in crisis. There’s not a single mention of the fact that the zero-interest-rate policies are the reason why the pensions are in distress. All retirees and long-term savers, life insurance, they’re all in the same boat. It used to be that if you were a saver or an asset holder, you could get a decent positive return doing something not crazy. And the Fed took that away. The big reason the pensions are in crisis is because the way we dealt with the crisis.
If you’re a deplorable, you got 
ed. You know why the deplorables are angry? They’re rational human beings. We took away the risk for the wealthy. Look, you have socialism in this country for the very wealthy and for the very poor. And you have a brutal form of Darwinian capitalism for everybody else. You’re one paycheck away from oblivion. - steve bannon
ed. You know why the deplorables are angry? They’re rational human beings. We took away the risk for the wealthy. Look, you have socialism in this country for the very wealthy and for the very poor. And you have a brutal form of Darwinian capitalism for everybody else. You’re one paycheck away from oblivion. - steve bannonSimilar threads
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