Hooray, the bailout didn’t pass!
The market dropped yesterday, and today is recovering.
No big deal.
For the record, I’m not just a single crazy conspiracy theroist. There a lot of people thought it was a stupid idea to bail out the rich, including 200 economists who sent a letter to Congress saying it was a bad idea.
It was “rewarding greed and stupidity” or “The Great Bank Robbery of 2008“
Just for the record, this bailout plan sucks.
It is just going to help a financial elite of bankers that have already hidden the billions of dollars they received when they gamed the system. The entire thing is a con. The bankers convinced the politicians to hollow-out the Glass-Steagall Act, which paved this nightmare. Now, the people who are most harmed by the meltdown are going to have pay for it: the average American taxpayer. You can’t just print up 700 billion dollars without inflation.
Personally, I believe any bailout plan should start with the bankers giving back their bonuses. Step two, should be to let the chips fall where they may.
It’s like that saying, if you lend me a hundred dollars and I can’t pay you back, I’ve got a problem. If you lend me 100 million dollars and I can’t pay you back, you’ve got the problem.
The banks have the problem. Let them go out of business. That is what the FDIC is for, to pick up the pieces when banks fail. So let them. Let the “free markets” cull the herd of sick financial institutions.
This is another example of socialism for the rich, with the bill going to the poor.
The gauntlet has been thrown, I hereby challenge Matt Damon to a cage fight.
Matt, don’t pretend you haven’t read this, I’ll say it again, in case you don’t read so good: I challenge you to fight me.
You pick the rules. I prefer a no-holds-barred contest. You pick the location: be it a ring, cage, octagon, or shark filled waters, those are all fine with me, but I prefer something within walking distance of my home.
I eagerly await your response.
Chicken …. bawk bawk bawk.
The great neoliberal phase of the world economy has crashed into a brick wall.
The greed of the banking class knows no bounds, and they have proven it again and again.
The liabilities of Barclays PLC, at £1.3 trillion - with a leverage ratio of 60 - exceed the entire U.K. economy, they say. – Matthew Dalton
But now we the arrival of peak oil, the looming resource wars, our planet of slums and garbage, and our non-stop lust for slave-made Chinese goods, we are truly entering a New World Order.
Let’s bury neoliberalism beside Milton Friedman and move on.
At this point, any other economic policy should be an improvement.
I’m excited for the new future.
Something weird is going on in Brazil, and I hope it is just saber-rattling. The President of Brazil is claiming that they need to protect themselves from people stealing their offshore oil. This announcement comes as the U.S. Navy is reestablishing the U.S. Fourth Fleet, a fleet that will patrol the Caribbean and Latin America.
“The (Brazilian) Navy plays an important role in protecting our subsalt reserves, because the men of Fourth Fleet are almost there on top of the subsalt areas,” Lula said in a speech inaugurating a new oil platform in southern Brazil.”
“Our Navy has to be the guardian of our offshore oil platforms to protect our patrimony, because before you know it some wise guy will come along and say: ‘This is mine, it’s at the bottom of the ocean anyway, so it’s mine.’”
Please let’s not have another war, and not have it been over oil… again! I thought we were finished with this crap.
(That said, I like the use of the phrase “wise guy”, it harknes back to an age when gangsters at least had snappy lingo.)
As you may or may not know, I am a huge fan of the google engedu videos on youtube.
This is one that I thought was awesome. It is about giant squids and the Undersea Voyager Project.
I am going to try and write 1000 words a day. I need to write and I keep procrastinating, so this way I give my self a tangible goal.
See at the moment, the only writing that I am doing is what I learn at jiu-jitsu and emails to people, but I should probably try to branch out from there.
The goal is to do this from Monday through Friday, like a real job, and to try and take it a bit seriously. That way after a while, I will both a.) get back into practice writing, and b.) have a collection of recent work — some of which will hopefully be decent! But if I can find time on the weekend to write, I certainly won’t hold myself back.
The goal may have to be a bit flexible, because my mileage may vary, but 1k/day is the general idea.
Going to cafe’s in Brazil is a bit tricky, and after looking online for a guide to ordering coffee, I am only more confused. So I’m going to launch an independent study.
I’ll post my research.
See, I think it is regional so it might be a bit of a challenge.
For example, what is a “carioca”, or “pingado”?
And would you order a carioca in Rio?
Any advice would be welcome.