Korean Job Discussion Forums

[mises]

http://www.ft.com/cms/s/0/4526d52c-6506-11df-b648-00144feab49a.html

[stilicho25]

I think it will change gradually over the course of many years. As financial meltdowns occur over and over, even adherents to the current system will come to see a need for change. More importantly, the culture at large will change as well, with a greater emphasis on working hard and avoiding credit. Speculation isn't a problem if people think of it as gambling. At the moment, with gov backing, it looks respectable. When gov backing fails, or is seen to be insufficent to gaurantee your investment, people will stop playing.

[rollo]

Stilcho is dead on right! So people will have to tighten their belts and work more. It is not the end of the world. Governments backing investments, insuring mortages and so forth is just welfare for bankers. Governments should not be encouraging gambling. I gamble on the stock market and have made a little but it is gambling. I am very very careful. Of course playing the market is risky and it is full of theives and schemers, I am prepared to take those risks ans balance them by studying and preparing. government guarantees pull people into the markets who have no business being there, who then scream when they lose even though they did not do their homework. Everyone makes fun of Jim Cramer but he consisently says " You have to study before you make an investment". It made me sick after the Enron fiasco the screaming from people who had held on the Enron when it was obviously dead meat , then they claimed they were cheated. Yeah the rage is real . As much as I dislike the Tea Party I can understand their dislike of government intervention.

[.38 Special]

[.38 Special]

Here's the thing I tell people who are concerned about the future: Turn off the tv.

A grassroots movements created from the citizen-up sweeps the country and holds protests and conventions that advocate fiscal responsibility, no bail-outs for mega-institutions, regulatory reform of national credit institutions, and an audit of the Federal reserve.

The media paints these people as racists, radicals, crazies, anti-zionists, white supremacists, and generally not nearly as cool and hip as the Obama-nation.

The thing about grassroots organizations is that anybody is invited, for better or worse. They are your neighbors, also for better or worse. It is an upswelling of the citizenry.

But we don't like them. They're unpredictable. They're dangerous. We should create a governmental oversight committee and later an entire department to regulate and control grassroots organizations. We'll appoint a Protestor Czar. In ten years nothing will be accomplished but the department's budget will swell ten-fold.

There is indeed a lot of rage. Keep the rage focused to constructive ends. The politicians and the media will always steer people toward the easy, popular targets.

So turn off your tv. Get out there. Raise Hell. Create a better future.

[smee18]

I basically accept Michael Hudson's assessment of the worlds economic future: http://www.youtube.com/watch?v=H0k4--y_lw4

watch all 6 if you have the time

[smee18]

Actually, these Hudson videos more directly pertain to assessing the future most of us face: http://www.youtube.com/watch?v=AaOFVfF05Nk&feature=related

Yeah, a lot of people are gunna have to work a lot harder ... the peons!!!

[mises]

Rage is appropriate.

http://www.zerohedge.com/article/guest-post-extend-pretend-its-either-rico-act-or-control-fraud

^ RICO. A sample:

[The Happy Warrior]

Rage is one way of coping, I suppose.

But better we get used to it. The times ahead will be leaner and austere than we had imagined, but they'll be okay. We'll have to work harder and sacrifice more, but that's okay.

All reasonable efforts should be made to remedy the system, but we shouldn't be terribly optimistic. Fiscal irresponsibility is an inherent trait of modern representative democracies. But so are civil liberties. From where I sit, the trade-off is worth it.

[mises]

[Koveras]

'Rule of Law' is just another buzzword anti-concept.

[The Happy Warrior]

[rollo]

A population of three hundred million is difficult to govern and probably too large and complex for democracy. Fragmentation of interests mean that there are only muddled comprimises no solutions. Also the rise of statism is scary. For all the nice social programs, there is a price to be paid. Now we have governments so intertwined with banking that they are hard to seperate and regulatory agencies for everything. Nations with small poulations are "neater" and easier but they also seem to be trapped into heading for all powerful governments.

[mises]

[rollo]

Yes they walked off with billions. I remember Jim Cramer(I know but sometimes hes right), ranting about show trials for the perps. What he meant was very public noisy prosecutions. this would let the public know that the government cared. So far this lame attempt to pillory Goldman is all that has been done. That is one of the major sources of the rage.