Frank, Quite true.
On Sep 30, 6:15 pm, Frank <[EMAIL PROTECTED]> wrote: > This is a very important point and one cynically used as propaganda by > the media. "People want too much too soon" The fact is with industry > having been moved off shore in search of cheap labor domestic spending > is now responsible for 2/3 of domestic growth in the US. The > governments and banks encourage this because it is the main source of > income for business. However as the US deficit grows by the day > because the downturn in commodities it has to sell, it is reliant on > direct capital investment to fuel the economy. "loans". > > So money is thrown at consumers so they will spend, with no regard for > the consequences it would bring. Injecting funds into a country is > what causes bubbles, as they are funds that have not been generated by > prodction and sale of goods and services. This pattern is repeated in > one industrialized nation after the other. They are all in record > debt. > > Another interesting point on debt. Take Warren Buffet for example. He > buys up companies breaks them up, asset strips and then resells at > enormous profits, without actually producing a thing. Let' say he > makes 500 million on a deal. You cannot make 500 million by in affect > doing nothing, producing nothing. That value must be created and it > is, it is put on the back of the workers, the producers of all value. > > On Oct 1, 1:53 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Frank, > > > It goes further than that even. We became SO convinced of our "needs" > > we continued to buy them on credit long after we could no longer > > really afford them by any sane definition of the word. > > Consumerism gone insane. > > > On Sep 29, 11:17 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > It works until the contradictions of capitalism erode the living > > > standards of the workers to the point that they can no longer purchase > > > the wants they have been convinced they that need. This is precisely > > > the point at which we have arrived. > > > > On Sep 30, 2:09 pm, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > Princip, > > > > > Yep. the whole purpose, the point, of marketing is to turn a "want" > > > > into a "need" in the eyes of the consumer. And it works very well. > > > > > On Sep 29, 4:42 pm, Princip <[EMAIL PROTECTED]> wrote: > > > > > > Hollywood. Your missing the point. > > > > > The whole system is based on false foundations. It is simply > > > > > exploiting millions of hard working people to sustain the lifestyles > > > > > of a few avaricious and expedient few. Distracting them with trash tv > > > > > and advertising to make them think they 'need' things. > > > > > > On Sep 29, 10:30 pm, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > > > Gaar, > > > > > > > Good, let the unsound banks fail. We've survived recessions and > > > > > > depressions before. > > > > > > > On Sep 29, 1:55 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > > > > > [EMAIL PROTECTED] > > > > > > > > Hmmmm... > > > > > > > > No Bail Out, and the Markets Survive. > > > > > > > > Imagine that. > > > > > > > > On Sep 29, 7:03 am, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > Mankind as once again arrived at the point in history of the > > > > > > > > road to > > > > > > > > Socialism or Barbarism. If the Socialist revolution is not > > > > > > > > realized > > > > > > > > this time, they world may never again be presented with any > > > > > > > > choice at > > > > > > > > all. > > > > > > > > > On Sep 29, 11:41 pm, Princip <[EMAIL PROTECTED]> wrote: > > > > > > > > > > This whole crisis is evidence of the asymmetrical priorities > > > > > > > > > of the > > > > > > > > > ruling class. Scrambling to save themselves and the system > > > > > > > > > which > > > > > > > > > sustains their positions. What we are witnessing is the end > > > > > > > > > of the > > > > > > > > > beginning for 'late capitalism' > > > > > > > > > > On Sep 29, 2:29 pm, Frank <[EMAIL PROTECTED]> wrote: > > > > > > > > > > > Forget about bridges to nowhere, Obamarama and presidential > > > > > > > > > > debates. > > > > > > > > > > They of little consequence as a financial tsunami is wiping > > > > > > > > > > out the > > > > > > > > > > world financial markets. > > > > > > > > > > (Hate to say I told you so) > > > > > > > > > > > •Citigroup to Acquire Wachovia Bank Business, Absorb Losses > > > > > > > > > > With FDIC > > > > > > > > > > Help > > > > > > > > > > > •Stocks Sink Worldwide, Government Bonds Rise on Bailouts; > > > > > > > > > > Euro, Pound > > > > > > > > > > Drop > > > > > > > > > > > •Borrowing Costs Soar as Bailouts Spur Loan Concern; > > > > > > > > > > Euribor Reaches > > > > > > > > > > Record > > > > > > > > > > > •Fortis, Bradford & Bingley, Hypo Real Estate Rescued as > > > > > > > > > > Bank Crisis > > > > > > > > > > Widens > > > > > > > > > > > •Paulson Rescue Plan Fails to Win Immediate Consensus in > > > > > > > > > > Congress, > > > > > > > > > > Markets > > > > > > > > > > > •Goldman, Merrill Get Billions After Federal Reserve's AIG > > > > > > > > > > Bailout > > > > > > > > > > Loans > > > > > > > > > > > •Oil, Gasoline, Lead, Copper Drop on Concern U.S. Financial > > > > > > > > > > Rescue to > > > > > > > > > > Fail > > > > > > > > > > > •Brown, Aso Strive to Save Themselves, and Bush May See > > > > > > > > > > Economic > > > > > > > > > > Benefits- Hide quoted text - > > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > > > - Show quoted text -- Hide quoted text - > > > > > > - Show quoted text -- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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