End Game - "They Don't Want People Protecting Themselves"

[Nugget]

Watched the documentary "I am", I was very impressed with it. Societies progress through co-operation, our society is built on competition.

I read a series of short anecdotes (multiple page length) made into a book called "share or die". The title was taken from the homeless mantra where they believe they won't make it without cooperating. 'Twas an interesting read. One story was set in Detroit about a young entrepreneur setting up shop there and all the can-do spirit pervading the area.

Sorry for the hijack

 

[Nugget]

Well. I am really sorry that you are not doiing well theend.... But seriously, there is something you can do! Was talking to my mrs about it... Ironing. Yep. Basically watching movies and tv all day while you iron. You should be able to get through five full baskets in eight hours, which is 125 for a days work... Not bad for watching tv. We have talked about it, doing it at night when the kids are in bed... Together. Not brain surgery but I guarantee that after a few months you will have so much work that you will be turning it away... Then you add delivery to it for an extra few bucks.

I am not pulling your leg... The cleaning and service industries are always there. Good money too. No pressure or stress. If my job goes belly up, i will start a cleaning and ironing business the next day and will not look back.

Shiny

My uncle said he'd do this & it's a sound strategy IMHO

 

[Pirocco]

Watched the documentary "I am", I was very impressed with it. Societies progress through co-operation, our society is built on competition.

Society IS cooperation. People live together because together they can produce more welfare than the total of everybody on its own.
Progress of society is achieved throughout competition, that rewards people that produce more extra value, and punishes people that produce less extra value.
It's exactly the opposite - our society is degraded by destruction of competition. Companies that force people to buy whatever at a dictated price, and get away with it. Read: governments and the club bogus "capitalists" (crony capitalism / corporatism) behind them.

 

[TheEnd]

Watched the documentary "I am", I was very impressed with it. Societies progress through co-operation, our society is built on competition.

Society IS cooperation. People live together because together they can produce more welfare than the total of everybody on its own.
Progress of society is achieved throughout competition, that rewards people that produce more extra value, and punishes people that produce less extra value.
It's exactly the opposite - our society is degraded by destruction of competition. Companies that force people to buy whatever at a dictated price, and get away with it. Read: governments and the club bogus "capitalists" (crony capitalism / corporatism) behind them.

Yep...Look at car and computer industries....New products now only last five years max then you are supposed to throw it away or sell it and buy the newer model...... This is without considering the financial costs of constantly updating not to mention the waste products that are produced....

Australia presently has the Fringe Benefits Tax system that PROMOTES this type of constant updating every few years......Its fine for keeping car manufacturers in business with all their technology bullshit and new gadgets in each new model but when the Labor government wanted to scrap the FBT this year before they fell out of the election the whole system nearly broke down....WHY?

Because the system is now reliant on constant tax incentives and breaks and all sorts of other bullshit.....The RE industry is worse than the car industry..... Just look at what has happened to Aussie house prices in the last 7 years.....

The system is wrong and it is only designed for the wealthy to get wealthier......Everyone else has to pay the price!

 

[Lovey80]

I have to think that what is happening in financial markets right now must look and feel exactly what it was like in the roaring twenties. Only now the depression has started at the bottom while the Fed keeps the stock market pumped full of funny money.

I guess the only outcome will be that the pop is going to be multiples worse than 1929.

 

[mmissinglink]

Progress of society is achieved throughout competition, that rewards people that produce more extra value, and punishes people that produce less extra value.

There's no evidence of this Pirocco. What there is evidence of is, profits in a society is achieved through competition. Competition doesn't necessarily produce progress nor is competition required for progress. The goal of competition is to maximize revenue or profits, not to provoke progress. Progress may come as a result of some competition but that's very different from the claim you have made.



.

 

[TheEnd]

I have to think that what is happening in financial markets right now must look and feel exactly what it was like in the roaring twenties. Only now the depression has started at the bottom while the Fed keeps the stock market pumped full of funny money.

I guess the only outcome will be that the pop is going to be multiples worse than 1929.

Well just incase you hadn't noticed there is already a depression in the U.S....47 million are on food stamps!

Tell me somethings not wrong with this........But no the Fed and Janet Yellen will just keep printing and continue with QE to infinity because they wont admit they have failed.....

Armageddon is still a few years away yet?

 

[SilverJay]

Yep...Look at car and computer industries....New products now only last five years max then you are supposed to throw it away or sell it and buy the newer model...... This is without considering the financial costs of constantly updating not to mention the waste products that are produced....

I think the words your looking for are, planned obsolescence.

You can thank the light-bulb industry for this - take a look at the 'Phoebus Cartel'

Its a form of innovation.... just an innovation in GREED.

 

[Court Jester]

Armageddon is still a few years away yet?

Try 100+ at least

You are beginning to sound the like Reverend Harold Camping

If you dont know know who that is google him

 

[tolly_67]

I have to think that what is happening in financial markets right now must look and feel exactly what it was like in the roaring twenties. Only now the depression has started at the bottom while the Fed keeps the stock market pumped full of funny money.

I guess the only outcome will be that the pop is going to be multiples worse than 1929.

If you think that the stockmarket is going to crash then you will be very dissapointed.......it may correct which happens in any bull market...but it is not going to crash. You have to realise that it is not the Fed pumping the stockmarket....we live in a global economy and what you are seeing is capital fleeing risky investments around the world....the euro zone, currency investors, bond investors..... into the few not so risky investments which provide a return on capital and that is capable of absorbing extraordinary amounts of capital......the big 2 are the u.s. stockmarket and the u.s. dollar. Do not be suprised to find the stockmarket will continue to make new highs and looking at the chart will show that there is no parabolic blow-off anywhere to be seen....this is a bull market and a strong one at that...

 

[JulieW]

Could that chart interpretation be said for the previous crashes?
or is there always a chart indication that a crash is probable?

 

[tolly_67]

If you look at most crashes...stockmarket, gold, oil, uranium....they have a distinct pattern of a final manic phase where over a year or so, the price or the index doubles or triples in price.
Eventually you get to the point where anyone who wants to be in is in and the net result is you have no more buyers..........that is when it falls and falls hard.
The reality is that capital moves rapidly and if an alternative exists which offers a lower risk with upside potential.
Look at the dow jones after 1987...it took quite a few years to reach the same level but if you want to know where the capital fled to.....look at the Nikkei from 1987 to 1990...it doubled in value...and guess what happened after that rapid ascencion....capital fled somewhere else......as it goes, on and on and on..

 

[tolly_67]

What we have now is precious few places which can absorb such enormous levels of capital and provide a return. The Euro is a dead currency walking, the euro zone is rife with zombie banks holding worthless bonds of destitute nations, the precious metal markets are way too small to invest in.........................which leaves................................stock markets and the much hated, game is over, etc etc U.S. Dollar....and watch that baby fly once it gets moving....it will wrong foot most analysts and investors to the point that they will be caught horribly short and then you will see new highs in the dollar.................for a while anyway...........and then when it is obvious that the game is over and all are in..................then is the time for precious metals, oil, wheat, real estate, etc etc