I agree with the premise of the article and encourage everyone to read it: http://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/7364/
CN: "What's good for the financial sector is good for America" is what's killing us.
The Quiet Coup
- Thread starter Toshi
- Start date
CN: "What's good for the financial sector is good for America" is what's killing us.
Yeah, but it keeps the Joker in a stack of white sunglasses that could reach to the moon.
Who cares if working class people can afford to eat more than twice a day when the benefits are that large?
Yeah, but who cares now that the Joker can buy a Mexican peasant to use as a footstool.
Don't lose sight of the important things in life.
Don't lose sight of the important things in life.
I'm taking mine until there is none left to take, or until I feel that what I am doing is not for the greater good. My job entails providing information to mutual fund managers on potentially good investments to make the value of their funds grow, increasing the funds of those who are unable to manage their funds on their own. There is a positive side to this, and if someone I work for (client or internal) does something that is unsound, then I will let my morals stand. I have not had to step aside of them yet, and do not intend to anytime soon.
My core beliefs still exist; the whole thing needs to get smaller and more transparent. If not, I look at it as having me there prevents someone with lesser moral fiber from taking that role.
And for Silver, the reason I got a great pay increase was because apparently I was working for WELL under market rate for my skill set for the last four years. If I had been getting paid appropriately, my pay vs cost of living would have been no different than someone living in Georgia making $50k/year. Hell, Burley was living better than I was. I'd say that he and I are on or near par once you back out cost of living expenses. I can't afford a house right now; and he's remodeling his.
My core beliefs still exist; the whole thing needs to get smaller and more transparent. If not, I look at it as having me there prevents someone with lesser moral fiber from taking that role.
And for Silver, the reason I got a great pay increase was because apparently I was working for WELL under market rate for my skill set for the last four years. If I had been getting paid appropriately, my pay vs cost of living would have been no different than someone living in Georgia making $50k/year. Hell, Burley was living better than I was. I'd say that he and I are on or near par once you back out cost of living expenses. I can't afford a house right now; and he's remodeling his.
Simon Johnson seems to have been on quite a roll lately. He's featured on NPR's Planet Money podcast quite frequently, and near as I can tell, seems to have a lot of this stuff nailed.
*edit: Desmondo to show with the
conspiracy crap in 3.....2.....1.....
*edit: Desmondo to show with the
conspiracy crap in 3.....2.....1.....
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The premise of your whole industry is that you allocate capital such that risks are spread out and gains maximized. You got half of that right.
As far as I am concerned the burden of proof now lies upon the financial industry to show that the fruits of their labor have redeeming social value. No, evidence of returns and income is not sufficient--not unless the losses and devastation that have stemmed from the pursuit of money are also weighed in the balance.
Nah, this has already been covered.Simon Johnson seems to have been on quite a roll lately. He's featured on NPR's Planet Money podcast quite frequently, and near as I can tell, seems to have a lot of this stuff nailed.
*edit: Desmondo to show with the
http://www.infowars.com/the-quiet-coup/
Now who's wearing the tinfoil....all of you! (Even you Pesqueeb)
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As I've said recently, I do not "get" finance.....it must be the engineer in me. But it's a completely fabricated thing, based completely on perceived value, and emotional response. It makes no sense that it controls our society as much as it does.
A friend of mine is into "finance" big time. He's tried to explain it to me. Just doesn't make any logical sense to me.
By this, you just mean doing something illegal and possibly getting arrested right?
Because I know you don't mean what it sounds like you're trying to imply.
You'd throw money at Beelzebubba's pork fried baby spleens if you thought it paid.
I mean.........right?
not for a second to a believe this, for the very reason the 'financial oligarchy' has a vested interest in remaining such. they didn't get to where they are by not thinking 5 moves down the board.article said:
they may allow themselves to be redefined, but never broken.
wooka-wooka-wooka-wooka-wooka (<- black helos)
All you need to understand is that there is a group of banks with a license from the government to print money.
A friend of mine is into "finance" big time. He's tried to explain it to me. Just doesn't make any logical sense to me.
Once you grasp that essential feature of the American financial system, all the rest makes perfect sense.
It's just a big fight to see who gets to stand next to the money spigot.
I watched that yesterday. Ugh.