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Leon
Joined: 31 May 2010
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 Posted: Fri Aug 16, 2013 1:11 pm Post subject: |
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nevermind
Last edited by Leon on Fri Aug 16, 2013 1:49 pm; edited 1 time in total |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Fri Aug 16, 2013 1:18 pm Post subject: |
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| Kuros posted the same link on the previous page. |
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Leon
Joined: 31 May 2010
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| Posted: Fri Aug 16, 2013 1:49 pm Post subject: |
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| I knew it seemed really relevant while I was reading it, no wonder. |
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Unposter
Joined: 04 Jun 2006
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| Posted: Fri Aug 16, 2013 3:25 pm Post subject: |
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I guess in some ways one can say that "globalization" is a policy but it really is a concept - to think and do beyond trational nation-state borders.
It really does depend on how people use "globalization" - it can help and benefit people and it can hurt people.
As far as I can tell, the problem lies more in our movement towards de-regulation and regressive tax policies and not in globalization itself.
There is always things (work) for people to do, the U.S. and the world, would be much better off if we put a larger percentage of people to work. The problem is the financial incentives for such work. We are valueing the financial aspects of the economy to such a degree that other work is languishing. This seems policy driven to me.
Personally, I think there is a lot of scape-goating "globalism" and "technology" rather than understanding that it is policy that is driving the divide in the economy.
Nothing will change until we do with root causes. |
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Fox
Joined: 04 Mar 2009
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| Posted: Fri Aug 16, 2013 4:13 pm Post subject: |
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Right, but number two would be a "historic" appointment and "progress" for women, so even considering trying to find a third, better choice would be automatically sexist. She's also evidently nice to people, which is important given IQ has been replaced with EQ as "the thing." |
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Kuros
Joined: 27 Apr 2004
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| Posted: Fri Aug 16, 2013 6:04 pm Post subject: |
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| Since she has recognized her error and admitted it, I believe it might prove beneficial that she was wrong. The elite could use more humility in the ranks. Geithner, Summers, and Obama together regarded themselves all too highly. |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Fri Aug 16, 2013 9:16 pm Post subject: |
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| Unposter wrote: |
Personally, I think there is a lot of scape-goating "globalism" and "technology" rather than understanding that it is policy that is driving the divide in the economy.
Nothing will change until we do with root causes. |
Nothing will change until a critical mass of people finally wake up to the fact that the whole shebang is a massive scam which was designed from the get-go to be the mother-of-all-screw-jobs upon humanity and which is run by what essentially has consistently been composed of a particularly virulent variety of scum.
Yay ^^
If something changes (a long shot, but it's a maybe), you better hold onto your hats. |
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Titus
Joined: 19 May 2012
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| Posted: Sat Aug 17, 2013 7:24 am Post subject: |
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| Kuros wrote: |
| Since she has recognized her error and admitted it, I believe it might prove beneficial that she was wrong. The elite could use more humility in the ranks. Geithner, Summers, and Obama together regarded themselves all too highly. |
Fair enough.
What will she do w/r/t interest rates? Does anybody know? When rates rise after being low we get a crackup and when they're kept low the eventual crackup gets huge. Fine balance to keep.
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| Nothing will change until a critical mass of people finally wake up to the fact |
Mass media will keep all of us pacified. There won't be a collapse but a slow, grinding decline. I doubt a catalyst will appear. The Depression didn't do it.
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| Right, but number two would be a "historic" appointment and "progress" for women |
Yes, now American girls can grow up knowing that their dream of being Queen Usurers isn't kept from them. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sat Aug 17, 2013 10:27 am Post subject: |
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| Titus wrote: |
| Kuros wrote: |
| Since she has recognized her error and admitted it, I believe it might prove beneficial that she was wrong. The elite could use more humility in the ranks. Geithner, Summers, and Obama together regarded themselves all too highly. |
Fair enough.
What will she do w/r/t interest rates? Does anybody know? When rates rise after being low we get a crackup and when they're kept low the eventual crackup gets huge. Fine balance to keep. |
I have no idea. I just know the people who know this better than I do prefer Yellen to the other potential nominees. Surely there are more ideal possible candidates than Yellen, but asking for them may be asking for the impossible. |
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Titus
Joined: 19 May 2012
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| Posted: Sat Aug 17, 2013 10:44 am Post subject: |
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| Such as whom and why? |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Aug 18, 2013 8:24 am Post subject: |
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http://www.reddit.com/r/AskReddit/comments/1kfoy5/what_is_a_dirty_little_or_big_secret_about_an/cboo7t5
| CanadianBadass wrote: |
I worked as a software consultant for a couple years in the finance industry. As such, I worked on many trading floors. The shit that you see there will make you lose all hope in finance, the stock market, traders and humanity in general.
Try to think of the biggest douchiest guy you've ever met, then add a god complex to him and is purely motivated by money. That's what 99% of traders are like. They say a curse every other word, they don't have any manners, they will belittle anyone that isn't like them, they boast about every little accomplishment, they think that the rest of the world are just a bunch of lazy fucks (including the people that have money in the fund they're managing) and they think they are the center of the universe.
The reason for this? For one, the whole industry is like this and if you don't become like them, you will be chewed & spit out. Second, they become like this because of positive re-reinforcement for bad behavior. These banking companies are greedy and all they want is money (this coming from the top brass) and everyone is trying to get a piece. They will *beep* your retirement savings over just so they can make a cool $1M or more profit on it, and nobody bats an eye that it's extremely immoral, heck, they congratulate and promote you instead.
But there was this one guy in particular that was essentially the devil's asshole. He had a massive corner office and made almost half a billion (yes, with a B) dollars of profit for this particular banking company. He was a shark that would kill your granny just to take her savings away, but he was untouchable because he made so much money. To the point that this cunt berry had a sexual harassment lawsuit filed against him every month by different female employees in the office. The company, not wanting to get scrutinized and bring legal papers into the matter, would settle out of court for a minimum of $50K and then told the ladies to find another job.
I'm not shitting you, this guy was getting positive reinforcement for harassing women like a drunk horny sailor and nobody said anything. It was the norm. The worst part? All the traders looked up at him like a fucking god, a hero.
Last thing I want is my money handled by these douche canoes. I quit soon after seeing this spectacle of human scum.
TLDR; Finance industry is full of douche canoes that manages your money. |
The man with the oxymoron for a handle paints a persuasive picture. I am not sure that this is a secret anymore, though. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Sun Aug 18, 2013 8:46 am Post subject: |
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| Titus wrote: |
| Such as whom and why? |
Here's a good round-up of pro-Yellen articles.
Generally, the mood is simply anti-Summers, as seen here and here. |
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Titus
Joined: 19 May 2012
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| Posted: Sun Aug 18, 2013 8:55 am Post subject: |
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Hey who decided that it was a Summers/Yellen dichotomy? Isn't this an excellent example of the false-choice propaganda and same same outcome that typifies modern politics?
Who? The media? Who in the media? Obama? Obama isn't curious enough to care and very likely has no idea what the Fed actually does. Where did this dichotomy come from? Who told Obama the choice was Y v S? Find that person and you will discover power.
And then for this to be sold as some kind of female liberation story. Good lord. The only honest thing Summers has ever said was about women and science. Summers hand picked Kagan for HLS - despite her being denied tenure at a lesser school for being completely unremarkable. Isn't that feminist? He hired an unremarkable butch lesbian leftist who went on to the SCOTUS.
It is all so nakedly ridiculous. I'm going to the beach. |
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Titus
Joined: 19 May 2012
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Titus
Joined: 19 May 2012
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