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2012-05-22, 02:36 PM | [Ignore Me] #17 | |||
Second Lieutenant
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There's nothing illegal about offering someone money to not talk about something. It is, in fact, quite common; NDAs are a good example of this. In this case, sure, it's skeezy, but no law was violated, and no rights were infringed. |
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2012-05-22, 05:49 PM | [Ignore Me] #19 | |||
Colonel
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Not really. Also why don't you? This is like a very slow version of reddit's /r/politics and /r/worldnews.
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[Thoughts and Ideas on the Direction of Planetside 2] |
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2012-05-22, 09:26 PM | [Ignore Me] #20 | |||
First Sergeant
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I was referring to other happenings, not this one in particular. Kind of like the whole senate seat spiel. The story in the OP can obviously be ignored as a crime, because it isn't one. I'm referring to the times where people are payed off not to admit/ talk about crimes they may have committed/witnessed. And that happens just as much as this does. |
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2012-05-23, 08:15 AM | [Ignore Me] #21 | |||
Second Lieutenant
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2012-05-24, 02:10 AM | [Ignore Me] #23 | ||
Easy on the hyperbole. The recession was Bush's baby and things are recovering after TARP etc. He ought to have dropped the hammer on Wall Street, but they're his bankers, too. Either way, the economic system is unfortunately still entirely intact and with no real changes to prevent the same shit happening again (as JPMorgan proved recently with its $3 billion loss).
And the political system is still the same two-party giant douche vs. turd sandwich stuff. So yeah, I dunno what you're referring to, but nothing is even close to collapsing at this point. |
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2012-05-24, 04:11 AM | [Ignore Me] #24 | ||||
Second Lieutenant
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As for the economics, TARP and all those 'programs' are just glorified ways of allowing the banks to privatize national assets while socializing private liabilities. Left or right it doesn't really matter. The major banks just act as a cartel/predatory lender to congress, when congress could print it's own money interest free, as it did prior to 1913. So much of the nation's productive capacity is going towards interest payments on fraudulent debt that the economy doesn't recover. The sick part about it is that because in this system debt IS money, private business trying to get OUT of debt only makes it worse, because it collapses the money supply in circulation, so the gov has to step in to counter that deflationary pressure and keep the expansion going. Of course this this kind of deficit spending ends when your interest payments become higher than you budget allows for, so that's when you start austerity and slash social programs (because the banks don't care about those relative to their revenue stream). The ceiling of course is when you can't make payments on the interest, which then send you into default, raising interest rates on your debt, at which point you debase your currency in order to make payments, or the creditors just come and take your assets. Not to mention few will be able to make mortgage payments at 10%, much less 20% (as it was in the 80s). Have you noticed the Fed just sold of the first American bank to a Chinese state company? Or that the 'early investors' have started securing american land? There's nothing left to mortgage, so no; I don't think it's hyperbole sadly; it just hasn't bubbled to the surface quite yet.
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2012-05-24, 06:43 PM | [Ignore Me] #25 | ||
Capitalism being a corrupt and amoral institution isn't new, though. Yeah, it sucks and it sucks that all these people losing their jobs and homes and so on wasn't enough to make anyone care and try to change the system, but that's standard fare. And for all the shit the banks put people through these days, it's still better than the age of slavery and indentured servitude and child labour that existed during the golden age of capitalism, where everything was for sale and nothing could stand in the way of profit.
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2012-05-25, 06:28 PM | [Ignore Me] #26 | ||
Second Lieutenant
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Tons. Keeping the bubbles going however, just makes the inevitable correction more extreme. We are talking about the (acting) world reserve currency after all. Which reminds me; another example of that status being eroded are all the trade agreements between eastern block countries set up in the past year...They're settled in currencies other than the USD, which decreases the world demand for USDs. This was one of the primary factors with Iraq, as I believe (prior to the invasion), they were looking at settling oil transactions in Euros.
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2012-05-25, 07:28 PM | [Ignore Me] #28 | |||
Second Lieutenant
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This scam happened because the Fed (banking cartel) has the power to set interest rates disproportionately low (see current levels), and then gets the government to guarantee all the loans people take to buy housing. Once that commitment was in place, the banks knowingly and intentionally made loans to people the KNEW would default, thus committing fraud on the taxpayers (sub-prime loan fiasco of 2007/2008). The banks then bundled these bad debts into "mortgage backed securities" and sold them predominantly to INVESTORS IN EUROPE, committing fraud again. Kind of puts the Euro crisis in context, huh? EDIT: Oh ya, and Goldman Sachs was doing the books for Greece. Not kidding. Last edited by Red Beard; 2012-05-25 at 07:29 PM. |
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2012-05-27, 03:57 AM | [Ignore Me] #30 | |||
Lieutenant General
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The moment he said "...and everything that happened during the Revolutionary War is torn up and turned into confetti" anything else he's going to say is going to be up for intense scrutiny, because if you make such a stupid strawman hyperbole, how much of the remainder of his rant is true? At first I thought this must have been something from the Onion, but this is actually broadcast on a normal television network? Last edited by Figment; 2012-05-27 at 04:00 AM. |
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