World Markets continue their plunge

I like the conclusion though

And that's little more than indentured servantry for life, but with HDTV

Click to expand...

Sounds like Bill Watterson

[quote name='lego' date='Jan 22 2008, 08:11 AM']complex level than a parroting of Mein Kampf. It is naive to suppose that there is an international cabal of wealthy people and corporations.
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Mein Kampf? You must be the one who's trolling. But way to devolve this and represent Godwins law in the 1st response.

[quote name='lego' date='Jan 22 2008, 08:11 AM']The simple fact is that fortunes stem from different sources and holders of those fortunes have different and often competing interests, quite often even when those holders are related.
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Most of the current fortunes have been consolidated by the very methods I've mentioned prior: inflation (controlling the liquidity supply), easy credit with usurious (yes, 30% interest is usurious) terms, placing excessive burdens on the middle class to pay interest to the Federal Reserve. And many, many pieces of legislation we've seen passed during the Bush administration, some of which were authored by his 2nd largest campaign contributer - MBNA. And traditional American fortunes, those from local neighborhood Mercantilism, have been almost completely decimated by the majors like Wal Mart and Home Depot corp (which is/was chaired by an ex-Bush cabinet member). So feel free to try that one again.

[quote name='lego' date='Jan 22 2008, 08:11 AM']On another level, control over wealth is often not absolute
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Yes, that is troublesome for the powers that be and certainly why world body organizations such as the Worldbank attempts to loan-shark developing nations into lopsided loans in exchange for their complicity. Much like revolving-door lenders do on a micro level. Neat, huh?

[quote name='lego' date='Jan 22 2008, 08:11 AM']Perhaps you should ask yourself whether a government that is not even nominally accountable to its citizens would be any better than a representative government that has minimized that accountability through bureaucratic and legal mechanisms designed to maximize its power.
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That's not the question at all. The question is how did the influence of corporate money entirely overtake our political system at every level, but maybe the Local? And believe you me, a lot of people are asking that question as it becomes more blindingly obvious whose interests are being satisfied in government, commerce, economics, media and everything else of substance.

[quote name='lego' date='Jan 22 2008, 08:11 AM']Anyway, if you are truly interested in the subject, do some reading, there are plenty of good history books and economic treatises that might be interesting. I suggest Hobbes' "Leviathan" and Adam Smith's "Wealth of Nations" to start with.
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Thank you. Although I don't subscribe to the notion that without nanny Government, protection from Terriers and Central Economic Planning that life becomes nasty, brutish and short. You should have recommended Keynes, because I know what you're driving at.

And I would in turn, recommend to you a laundry list of Austrian Economic theory such as von Mises, but what's the point?

[quote name='lego' date='Jan 22 2008, 08:11 AM']I suggest you postpone the whole political economy blog thing until you study both politics and economics and understand them on a more complex level
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Actually, I'm doing fine there. And the way things are playing out, it looks like I was correct.

Regards,

[quote name='lego' date='Jan 23 2008, 08:25 AM']<Removed>[/quote]

Wow. Neo-Socialist/Fascist. And because I oppose this all-pervasive system of financial Sharecropping? Just wow.

Well, it seems you just have namecalling and justifications for statism to offer. And since your view is pushed in every Mainstream Media outlet from the editorials page to Faux News, I think that's plenty. No need to encroach on the last corner of free speech where the proles can still wail about legitimized theft by inflation, financial debauchery and monetary manipulation. So I will do something that I ordinarily wouldn't and see to it that your posts are henceforth removed. Heck, I could even remove my own because its becoming readily apparent to the working class that they're being screwed. Nobody needs to tell them that food prices are up as much as 25% over two years (for many reasons including the commodities boom, transportation costs, the corn ethanol scam, but also central banking). And nobody really needs more voices shouting down the obvious, but you're free to keep trying elsewhere.

Peace

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