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Sup
 
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Originally Posted by Creepster View Post
Dude, that's the problem, we all agree the guys on wall street are right, not that they are milking us in any way.
They are planning a transatlantic cable just to cut a few milliseconds of trades - This is not what the system was intended for.

money is simply a representation of value

i agree that a lot of what wall street does doesn't create actual value

but that doesn't mean we throw away fiat currency
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Old 11-29-2011, 07:27 PM Sup is offline  
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a bet against the stock ie that it'll fall

Making money that some schmuck got fired? Great way to make money brah - Truly the American way. Shorting needs to be banned - i have no idea how this shit came into existence, but holy fuck, this shit has got to go - so wrong on so many levels.
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Old 11-29-2011, 07:28 PM Creepster is offline  
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Making money that some schmuck got fired? Great way to make money brah - Truly the American way. Shorting needs to be banned - i have no idea how this shit came into existence, but holy fuck, this shit has got to go - so wrong on so many levels.

dawg a lot of what traders do is simply legalized gambling
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Old 11-29-2011, 07:29 PM Sup is offline  
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gold isn't a resource brah

Everything that can be used in some way is a resource. Whether it be monster cables or gas.
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Old 11-29-2011, 07:30 PM Creepster is offline  
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Everything that can be used in some way is a resource. Whether it be monster cables or gas.

so then money is a resource too, CUSS WE USE IT TO BUY STUFF
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Old 11-29-2011, 07:31 PM Sup is offline  
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Yes it would - Why the fuck are there more money than resources backing it?

Our annual GDP is worth as much as all the gold ever mined in all of history... times two... same thing with the EU's combined GDP.

Quote:
There aren't enough money in existence to pay the money owed ffs. How's that for an outlook
If you want to be really mad, look at the value of the unregulated derivatives market.

http://www.webofdebt.com/articles/it...erivatives.php
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Old 11-29-2011, 07:33 PM pyramid is offline  
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dawg a lot of what traders do is simply legalized gambling

True, which brings me to my point - tax that shit. - You shouldn't be able to make money off other peoples money.
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Old 11-29-2011, 07:42 PM Creepster is offline  
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Making money that some schmuck got fired? Great way to make money brah - Truly the American way. Shorting needs to be banned - i have no idea how this shit came into existence, but holy fuck, this shit has got to go - so wrong on so many levels.

haha, you think that's bad? Look into dead peasant insurance.

http://deadpeasantinsurance.com/

Basically: The company you work for takes out a life insurance policy on you but names themselves as the beneficiary so they get paid if you die.

Now remember this is america and a lot of people don't have health insurance if you aren't outraged enough yet. Companies can buy life insurance policies on employees who they don't provide health benefits for...

and why bother providing health benefits if you can profit from your employee's death? especially when they are so easily replaceable in this job market.
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Old 11-29-2011, 07:48 PM pyramid is offline  
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so then money is a resource too, CUSS WE USE IT TO BUY STUFF

No, i meant use as in "put to use" (i hate having english as a second language sometimes)

Gold is gold, meat is meat, ill trade some meat for some gas, can't use your paper "money" for anything but lighting my stove.

Gold has value cause of scarcity, same as with everything else 'cept money. The whole "cause we agree it has value" doesn't fly - the guys on wall street wants you to think that this is the general idea. - Why? Cause it makes them more of what we agree has value. PERIOD!

Capitalism sucks - it wont bring anything good, except for the few people in charge.
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Old 11-29-2011, 07:49 PM Creepster is offline  
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haha, you think that's bad? Look into dead peasant insurance.

http://deadpeasantinsurance.com/

Basically: The company you work for takes out a life insurance policy on you but names themselves as the beneficiary so they get paid if you die.

Now remember this is america and a lot of people don't have health insurance if you aren't outraged enough yet. Companies can buy life insurance policies on employees who they don't provide health benefits for...

and why bother providing health benefits if you can profit from your employee's death? especially when they are so easily replaceable in this job market.

What really pisses me off is this: All i want is a world where everyone are treated equal, where you can't make money of other peoples misfortune, and where everyone is compensated for the honest work they do.
This ideology should fly with 99.9% of everyone, yet at least 50% opposes it. WTF is wrong with you people?!? Why is it so important to be better than your neighbour? why can't you lean back and just enjoy life instead of constantly rising to the top? All you get is a view of the people below you, and a chance of getting away with being a morally "bad" person.

FUCK! this topic pisses me off
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Old 11-29-2011, 08:00 PM Creepster is offline  
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+ YouTube Video
ERROR: If you can see this, then YouTube is down or you don't have Flash installed.


Now get some fucking perspective. Damnit.
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Old 11-29-2011, 10:38 PM Creepster is offline  
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Feudalism sucks - it wont bring anything good, except for the few people in charge.

This is probably far more accurate...
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Then the network comes back up. And then down again. Up... and down. It keeps going down like a Clinton intern.
Old 11-29-2011, 11:25 PM Killer_B is offline  
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This is probably far more accurate...

All political systems are based on infinite resources. NOW WHAT?
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Old 11-29-2011, 11:28 PM Creepster is offline  
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#103  

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All political systems are based on infinite resources. NOW WHAT?

The general difference between feudalism and capitalism, is that with capitialism, it's generally less likely to have a violent uprising or revolution involved with dethroning the ruler of the land, once the serfs get tired of their despot's shit.
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Then the network comes back up. And then down again. Up... and down. It keeps going down like a Clinton intern.
Old 11-29-2011, 11:46 PM Killer_B is offline  
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[H]ard|On
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The general difference between feudalism and capitalism, is that with capitialism, it's generally less likely to have a violent uprising or revolution involved with dethroning the ruler of the land, once the serfs get tired of their despot's shit.

Also noteworthy is that all gevernments operate very similarly to a mafia system. You pay protection and they leave you alone.
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Old 11-30-2011, 07:12 AM [H]ard|On is offline  
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