Forum Post: “Learn the investment secrets of the one percent.”
Posted 12 years ago on Oct. 23, 2012, 7:36 a.m. EST by factsrfun
(8342)
from Phoenix, AZ
This content is user submitted and not an official statement
I just heard this tag line in an ad to sell you silver, food for thought.
If we are unaware of what we are up against we can’t possibly make headway.
Wear a suit, act like economics is a hard science, manipulate like a coke addict to feed a gambling addiction, and then act self rightous when you get caught.
Got it.
PS I started to review "The Ruling" but after CU and Free Enterprise Club v State of AZ, where the Court says the people of Arizona can not match a rich guy dollar for dollar if a rich guy wants to pick your governor. It seems a little dated, but i enjoyed our exchange anyway.
http://www.supremecourt.gov/opinions/10pdf/10-238.pdf
This is my second read through of it. I still agree with Kagan's dissent. I am not a Mr. Fake Judicial Restraint Robert's fan. His reasoning is really difficult to follow. I mean you can do it but you are left going......ok, pfftt. It could be because I am not a lawyer but I don't have too much of a problem reading other opinions.
I think it is a chilling ruling, the GOP has been trying to gut our public financing law since we passed it in 1998, this year they succeeded between the ruling stopping Clean Elections from matching funds and the "supporters" allowed the GOP to remove the tax credit portion of the law which will greatly affect funding. AZ is a good example of how public funding alone won't do the job you have to get rid of Republicans too. SB 1070 was passed by people who were elected with public funding.
That is ALEC and prostitution.
We have term limits and you know everybody has to think about the future.
I agree.
Oh, facts, you know the way to my heart. Lemme go locate some coffee and then I will have a read through.
opps ignore below....
Wear a suit & walk like an
Flash back.
Memories of a Saturday night and 2 wild and crazy guys?
Nope.
I'm going to gently set this down here :
... and just quietly walk away ;-)
fiat lux ...
I am going to pick it up and run like hell and put it in my secret stash till I can sit down and read through it. Thanks.
Wait.........very same school of thought that formulated the failed Chilean model of their version of social security? Why, Shadz, why?
Re. "the failed Chilean model of their version of social security" - you mean the one that silenced its critics in the 70s, by taking them up in the air in a helicopter and then pushing them out ?! The regime which Psycho Freedman thought had such a oh, so 'modern economy' ?!! That "Chilean model" ?!!!
You make a good point and my only explanations for this outbreak of reasoned conscience and common sense at the infamous 'Chicago School' is that it making an argument from 1936 ie well before The 'CS' went totally fkn loony-tunes) AND that the 'Higher Ups' weren't looking and thus this report didn't get spiked !!! Here's the first bit of the abstract again :
Also tho' there is a whole lot of gobbledegook and formulae with more 'economics trying to pretend to be 'hard science', from page 42, I append :
'Controlling Boom-Bust Cycles - Additional Considerations'
"Two additional considerations, both of which have to remain outside the formal model, suggest that the effectiveness of countercyclical policy would be further enhanced under the Chicago Plan relative to present monetary arrangements.
"First, banks that are subject to a 100% reserve requirement know that they cannot create their own funds to fuel a lending boom, but that instead they have to borrow these funds from the government at rates that increase in a lending boom, and that the additional borrowing could furthermore be subject to much higher capital requirements. Arguably this knowledge makes it much less likely that banks will develop their intermittent bouts of optimism and pessimism in the first place."
"Second, under the present monetary regime, especially during a boom, capital adequacyrequirements impose virtually no effective constraint, because the money that is injected as equity does not need to represent other agents’ savings. Instead, any additional funds required as equity by Bank A can simply be created by Bank B as credit to a household, who then injects those funds as equity into Bank A. This is impossible under the Chicago Plan, as the banking system is unable to create its own funds through credit, while any government credit is specifically earmarked for investment projects. Therefore, just like in the case of the money growth rule, a prudential MCAR rule becomes far more effective under the Chicago Plan."
That's the best I can do in answer to your "why?" 'GF' & what else d'you have in your "secret stash" ?!!
ad iudicium ...
No? Steve Martin on Saturday night live? Nothing?
I drew a blank. I'm slow but I'm in there.
That was awesome.
Sounds like a lot of work, most people are just born that way.
http://www.nytimes.com/pages/national/class/
but you do lay out a workable plan...
It will only be a lot of work for those of us that aren't born that way.
Thanks for the link.
I will confess that in the nineties I too wandered into the street, not physically, but financially and found the Royals and their money not so hard to part.
I just went through the NYT link. I don't know if I need some coffee or I am just fed up with NYT in general, or if I am just feeling a little rambunctious. For something that should be investigative it is extremely limiting and shallow.
I do wish it had more detail, the daily kos has posted more, but I find it supports the general position.
Have you seen the FEC v AZ ruling? (see above for link)
I am going there now.
I figured out what it was that I didn't like about it. It reads like a high school soc 101 class.
A long time ago they told me papers were written to the fifth grade level, if it is HS level now I don't know if papers went up or the people went down.
Your point is well made, the tiny bit of real information is repeated and spread throughout like a pinch of salt in dough and has as about as much chance to stop the raising tide of inequality as the bread not raising.
lol Well said.
thanks, you inspired me to write that metaphor, now I got a new one :) .
Let algo-rhythms do the thinking for you.
I personally dont have enough money to worry too much about it, but everything I've heard says hard assets. That way, its always useable. and you get appreciation from the upcoming inflation.
We are up against a bankster takeover.
I've never liked non-productive investments myself. Raw land, gold, silver ect. not that people don't make money with them.